Making HiTTO株式会社 a Wholly Owned Subsidiary and Integrating Its HR Chatbot Business

「During the second quarter of the current consolidated fiscal year, HiTTO Co., Ltd., formerly a consolidated subsidiary, was absorbed and merged by the company and ceased to exist. It was therefore excluded from the scope of consolidation.」

「We have decided to absorb and merge HiTTO Co., Ltd., our wholly owned consolidated subsidiary, into the company in order to integrate the HiTTO brand into Money Forward Cloud, promote collaboration between the two services, and further expand the user base and improve convenience.」

「To achieve sustainable improvements in shareholder and corporate value over the medium to long term, we are working to expand our customer base among mid-sized companies and companies preparing to go public by providing Money Forward Cloud, which covers accounting and finance, HR and labor management, and contracts. Through this acquisition of HiTTO as a wholly owned subsidiary, we will further improve back-office efficiency by streamlining and optimizing responses to employee inquiries. We also aim to expand the user base of HiTTO by leveraging our network and customer base. In the future, by linking HiTTO’s data with our HR and labor-management products, including Money Forward Cloud Attendance and Money Forward Cloud Personnel Management, we aim to provide users with personalized responses and further enhance the value of our services.」

「Through this acquisition of HiTTO as a wholly owned subsidiary, we will further improve back-office efficiency by reducing and optimizing the workload involved in responding to employee inquiries. We also aim to expand the user base of HiTTO by leveraging our network and customer base, and in the future, to enhance the value we provide by linking data between HiTTO and our HR and labor products, including Money Forward Cloud Attendance and Money Forward Cloud Personnel Management, to deliver personalized responses to users.」