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Business alliance2154Open Up Group Inc.Information and Communications, Services and Others

Capital and business alliance with PeopleX, which operates AI-powered human resources services

Open Up Group entered into a capital and business alliance with PeopleX, which provides AI interviews, AI meetings and AI role-play services, to enhance recruitment, employee development and post-hire support using AI. The investment ratio and amount have not been disclosed.

Worth reading
45Recurring
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Direction
Improvement
Direction inferred from the company’s description.
Scale
—
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Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
2154Open Up Group Inc.
Alliance partnerPeopleX Inc.
Details of the alliance
  1. 1

    Collaboration in recruitment, employee development and support for employee success after joining, using AI

  2. 2

    Service improvements and feedback for feature development based on actual use within the Group

  3. 3

    Joint testing aimed at enhancing services and measuring the effects of implementation

  4. 4

    Regular exchanges of information among management and business heads

  5. 5

    Joint consideration of new services in the human resources services field

  6. 6

    Promotion of operational transformation across the Group using AI technology

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Acquisition priceNot disclosed
About the partner
Business DescriptionDevelopment and provision of AI products for the HR and sales fields, including AI interviews, AI meetings and AI role-play
LocationShinjuku-ku, Tokyo
Impact on Business Performance

The impact on the company's results for the current fiscal year is minor.

Alliance start dateThe alliance commenced (specific date undisclosed)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerPeopleX Inc.
Alliance partner's business activitiesDevelopment and provision of AI products for the HR and sales fields, including AI interviews, AI meetings and AI role-play
Alliance partner's locationShinjuku-ku, Tokyo
Type of allianceCapital and Business Alliance
Details of the allianceCollaboration in recruitment, employee development and support for employee success after joining, using AI, Service improvements and feedback for feature development based on actual use within the Group, Joint testing aimed at enhancing services and measuring the effects of implementation, Regular exchanges of information among management and business heads, Joint consideration of new services in the human resources services field, Promotion of operational transformation across the Group using AI technology
Acquisition priceNot disclosed
Alliance start dateThe alliance commenced (specific date undisclosed)
Impact on Business PerformanceThe impact on the company's results for the current fiscal year is minor.
Items this document does not state (15)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company evaluated the effectiveness, technological capabilities, growth potential and strong compatibility with the Group's businesses of PeopleX's conversational AI services.

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Capital and business alliance with PeopleX, which operates AI-powered human resources services | Open Up Group Inc. (2154) timely disclosure | Komori