[Timey Co., Ltd.] Timey receives capital participation from four major logistics companies as shareholders
*View in browser* *Timey Co., Ltd.*
Press release: February 21, 2024
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Timey receives new capital participation from four major logistics companies as shareholders
*Strengthening partnerships for medium- to long-term development of the industry facing the “Logistics 2024 Problem”*
Timey Co., Ltd. (Location: Minato-ku, Tokyo, Representative Director: Ogawa Mine) conducted a secondary trading round and acquired AZ-COM Maruwa Holdings, Seino Holdings, and NIPPON.
We are pleased to announce that four logistics companies, including EXPRESS Holdings and Fukuyama Transport (*1), have joined our company as new shareholders.
(※1) Alphabetical order
* Background of capital participation *
In April 2024, the logistics industry is expected to face a serious labor shortage due to the application of the Truck Driver Work Style Reform Act. If no measures are taken, there is a possibility that there will be a 34% shortage in transportation capacity in fiscal 2030, and a solution is needed to support logistics as an
infrastructure. The government has stated that medium- to long-term environmental improvements are necessary, and has presented a “policy package for logistics innovation” that aims to optimize logistics, improve productivity, and improve efficiency. (*2)
Against this background, the number of people recruiting for logistics-related jobs posted on Timey has been increasing year by year, and in 2023 it will be approximately 1.8 times the previous year, setting a new record high.
The strengthening of our partnership with the four major logistics companies in which we have invested capital will reduce the burden on truck drivers in the short term by cutting out jobs that do not require skills. In the medium to long term, we will create points of contact with “diverse human resources such as women and young people,” as stated in the government’s “Policy Package for Logistics
Innovation,” and provide opportunities that will lead to “changes in consumer behavior.” We believe that this makes it possible.
In the future, we will jointly implement initiatives aimed at expanding the use of Timey in the logistics industry, improving the skills of spot workers working in the logistics industry, and helping them find long-term employment afterward. We aim to contribute to fundamental solutions to human resources issues in the logistics industry.
(*2) Cabinet Office “Policy Package for Logistics Innovation”: https://www.cas.go.jp/jp/seisaku/buturyu_kakushin/kettei.html
*About investors who have invested capital*
* ■AZ-COM Maruwa Holdings Co., Ltd.*
Since its founding in 1970, AZ-COM Maruwa Holdings Group has developed the transportation service brand “Momotarobin” and supported people’s daily lives as a logistics business. Currently, as a 3PL (packaged logistics contract) business specializing in the retail industry, we position e-commerce logistics, low-temperature food logistics, and pharmaceutical/medical logistics as our core businesses, and are also strengthening BCP logistics as part of our SDGs initiatives. We have also established the AZ-COM Maruwa Support Network, a nationwide network of trucking companies, and are working with partner companies to build a safe, secure, and stable logistics infrastructure.
* ■Seino Holdings Co., Ltd.*
The Seino Group’s mission is to create value, and in addition to the transportation business centered on Seino Transport, which provides Kangaroo Express, we also engage in automobile sales, goods sales, real estate rental, and other related businesses.
Based on the idea of co-creation and coexistence, we will connect across industries and business categories, and by providing new value that solves customers’ problems, we will contribute to the prosperity of our customers and “bring smiles and happiness to everyone. We continue to take on the challenge of delivering the following.
* ■NIPPON EXPRESS Holdings Co., Ltd.*
NIPPON
EXPRESS Holdings is a holding company that oversees the NX Group, including Nippon Express. Since its founding in 1937, the NX Group has moved forward with the development of society by connecting people, businesses, and communities through the transportation of goods. As a global logistics company, we provide high-quality logistics services in 50 countries around the world (as of the end of December 2023) using air, ship, rail, truck, warehouse, and IT.
* ■Fukuyama Transport Co., Ltd.*
Fukuyama Transporting utilizes approximately 400 logistics bases and distribution/information infrastructure to deliver customer packages anywhere in the country. We will continue to safely and securely provide logistics services, which are the lifeline that supports industry and people’s lives, and recognize that we have a social responsibility to “contribute to economic development, coexist with local communities, and promote environmental conservation.” We aim to be a company that is trusted by society.
*Comments from new investors*
* ■AZ-COM Maruwa Holdings Co., Ltd.*
Director and Managing Executive Officer, Head of Business Promotion Group, Tetsuro Iwasaki
In order to respond to fluctuations in volume, our group relies on Timey workers to work at distribution centers across the country. Chronic labor shortages are a major issue in the logistics industry, and we believe that collaboration with the company, which designs and provides a “working” matching service specialized in the logistics industry, will enable sustainable growth for both parties. . We would like to continue to deepen our cooperation and become a partner that grows together.
* ■Seino Holdings Co., Ltd.*
Representative Director and President Yoshitaka Taguchi
The Seino Group has established cooperative relationships with us regarding the recruitment of part-time employees for light work and cargo handling work in the logistics field, as well as driver assistance workers, and has accumulated a successful track record. We are confident that by strengthening this partnership, we will definitely improve our retention and recruitment capabilities through the use of “Timey.” We will disseminate successful cases both domestically and internationally in solving human resources issues, such as improving the skills of spot workers working in the logistics industry and implementing initiatives aimed at securing long-term employment.
* ■NIPPON EXPRESS Holdings Co., Ltd.*
Managing Executive Officer Satoshi Otsuji
As part of our efforts to address the social issue of labor shortages in the logistics industry, we have invested in Timey, which has strengths in digital technology. As part of the NX Group, we aim to create new value through co-creation with Timey and our company, which has many logistics sites. We would like to increase touch points with diverse human resources who seek flexible work styles, improve business continuity, and grow into a corporate group that is chosen by customers.
* ■Fukuyama Transport Co., Ltd.*
Representative Director and Vice President Hiroyuki Kumano
The logistics industry is facing various challenges, including the 2024 problem, driver shortages, and environmental issues. In this period of change, where there is a need to build sustainable transportation services, we believe that the innovative services provided by Timey will lead to solving various issues. We will work together with Timey and our investors to promote more efficient logistics and contribute to the sustainable development of the logistics industry.
*Comment from our representative director Ogawa Mine*
Since forming a team specializing in the logistics industry with the coronavirus pandemic as a turning point, Timey has been assisting logistics companies in solving their human resources issues. As I met with many managers in the logistics industry, I felt a strong desire to make a deeper contribution to the industry.As a result, with the help of companies that have placed their trust in us, we have decided to capital participation was realized.
We believe that Timey has a high potential to contribute to solving the 2024 problem, including the use of spot workers for the purpose of separating cargo handling.
We will continue to aim to design services that are more closely aligned with the challenges of the logistics industry than anywhere else.
*About Timey*
Based on the tagline “Add color to your work.”, Timey is a sukima service that provides free ways of working that are not restricted by time or location by matching “times you want to work” with “times you want to work.” This is a part-time job service. Workers can start working immediately without a resume or interview by simply applying for the job they want to work for, and can receive money immediately after completing their work.
Businesses simply set the skills they are looking for and the time they would like them to come for a minimum of one hour, and the system will automatically match them with workers who meet the conditions. Timey aims to create a “work barrier-free” society where people can work in their own way, anytime, anywhere, and in any phase of their lives. Furthermore, the encounters and experiences through “work” will expand the life possibilities of workers and increase the amount of happy time in the world.
Download Timey here: https://app.adjust.com/crz4d3a
* Company Profile*
* ■Timey Co., Ltd.*
Established: August 2017
Representative: Mine Ogawa
Location: 35th floor, Shiodome City Center, 1-5-2 Higashi-Shinbashi, Minato-ku, Tokyo
URL: https://corp.timee.co.jp/
Timee Lab: https://lab.timee.co.jp/
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