【JP:5621】Stock Price

Human Technologies develops and provides cloud-based HR and attendance management SaaS, with its flagship service being "KING OF TIME." The company operates under the mission of "freeing organizations from operational burdens to enable creative work." Its core offering is a cloud service that provides unified management of time clock records, attendance aggregation, and leave management.

The customer base centers on small and mid-sized enterprises, with growing adoption among large enterprises that have high security requirements. Revenue is primarily subscription-based with fixed fees tied to active user IDs. A key strength is the sales channel composition, with indirect sales through distribution partners and OEM channels accounting for approximately 64% of total sales.

Strategically, the company concentrates resources on KING OF TIME while building an open ecosystem that integrates with HR management and payroll calculation services. The product suite includes biometric authentication, IC card integration, mobile clock-in, shift management, overtime and approval workflows, payroll integration via API and CSV, and comprehensive support and security features—enabling deployment across industries and company sizes.

The company is pursuing growth by expanding market share through "KING OF TIME" as its core product, using a low-cost, fixed-price strategy. Specifically, while maintaining a monthly price of 300 yen per user, the company aims to grow its business by increasing revenue per customer. According to current plans, the company expects to increase consolidated revenue to approximately 6,031 million yen by March 2025, KING OF TIME SaaS revenue to approximately 5,346 million yen, and ARR to approximately 5,749 million yen. It also targets expanding to over 60,000 client companies, approximately 3.85 million user IDs, and approximately 2.9 million billable IDs.

Priority investment areas are platform feature expansion and strengthened customer engagement. Specifically, the company is developing automation capabilities from time tracking to payroll processing, establishing API integrations with HR and payroll systems, and preparing PKG conversion tools. It is also expanding ancillary services including premium support and payroll processing BPO. Simultaneously, the company is establishing a dedicated information security team to strengthen protection of confidential and personal information, enhancing reliability to serve large enterprises. On the organizational side, the company is actively recruiting talent and improving HR systems to build a long-term environment where employees can thrive.

For new market development, the company is strengthening indirect sales through expanded sales partner and OEM channels, as well as professional networks. Domestically, it is partnering with social insurance and tax professionals to increase client adoption, and aims to lock in customers by seamlessly providing partner services through the KING OF TIME portal. For international expansion, Southeast Asia is the priority region. The company established a Thai subsidiary in 2022 and began operations targeting Japanese companies, making advance investments with the long-term goal of achieving business scale equal to or exceeding Japan's level.

Technology innovation efforts focus on data utilization and software asset development. The company is strengthening its data analytics platform by accumulating and analyzing time tracking data to provide insights on labor productivity improvement. Future revenue-generating developments such as "KING OF TIME Electronic Contract" are capitalized as software assets with stricter management. Through diversifying time tracking methods—including biometric authentication, IC cards, and smartphone check-ins—automating payroll integration, and implementing timestamped electronic contracts, the company aims to reduce operational burden and enable employees to transition from routine tasks to more creative work.