Outsourcing demand emerges in response to the introduction of the system

「The impact of My Number-related demand reaching maturity after the system was introduced」

「Compared with the same quarter of the previous year, orders from new customers increased for payroll processing, resident tax and year-end tax adjustments. However, total net sales were ¥367.164 million, down 3.4% year on year, due to the absence of orders for a large resident tax project that had been handled continuously through the previous year and the end of the initial surge in demand related to the My Number system following its introduction.」

「Revenue from payroll-related services and resident tax and year-end tax adjustment services increased from the same quarter of the previous year as orders from new customers progressed. However, the absence of orders for a large resident tax services project that had been conducted continuously through last year, together with demand related to My Number reaching maturity after the system's introduction, resulted in total revenue of ¥199.947 million, down 11.8% year on year.」

「There have also been moves to submit bills related to the Work Style Reform Action Plan, and we expect the market to expand further by addressing companies' outsourcing needs.」

「In addition to the introduction and reform of systems such as the stress check and My Number systems and the expanded application of social insurance to short-hours workers, public sentiment calling for limits on long working hours, influenced in part by the government's Council for the Realization of Work Style Reform, has also contributed to the emergence of outsourcing demand among companies that had not previously used outsourcing services. We expect the market to expand further.」

「In addition, demand for outsourcing among companies that had not previously used outsourcing services has begun to emerge in connection with the introduction of new systems such as the stress check and My Number systems, institutional reforms such as the expanded application of social insurance to short-hours workers, and other factors. We expect the market to expand further.」

「In addition, demand for outsourcing among companies that had not previously used outsourcing services has begun to emerge in connection with the stress check system introduced in December 2015 and the My Number system introduced this year. We expect the market to expand further.」