Timee, Inc.

Business Details

The core business is the paid job placement service "Timee," which matches "time available to work" with "time in need of workers." The company also operates the full-time employment recruitment service "Timee Career Plus" and worker-acceptance burden reduction projects. It employs a direct-hire, day-by-day employment model between clients and workers, with a performance-based fee structure. As of the end of April 2026, the company had over 14.2 million registered workers and over 465,000 registered client business locations, making it Japan's No. 1 spot-work platform. Following the consolidation of Sukima Works Co., Ltd. as a subsidiary, an "Other" segment (Timee Solutions business) was newly established from this fiscal period.

Recent Overview

6-month transitional accounting period due to fiscal year-end change; registered worker and client counts continued to expand

Following a resolution at the ordinary general meeting of shareholders in January 2026, the fiscal year-end was changed from October 31 to April 30. As a result, FY2026 (ending April 2026) became a 6-month transitional period from November 1, 2025 to April 30, 2026. Excluding the effect of the shortened period, the business maintained its growth trajectory, with registered workers exceeding 14.2 million (up more than 1.46 million from the end of the prior period) and registered client business locations exceeding 465,000 (up more than 48,000 from the end of the prior period). The utilization rate remained high at 85.9%. The company strengthened marketing efforts and sales resource allocation toward the elderly care and welfare industry, and reinforced its framework by increasing the number of field managers in the logistics industry. As subsequent events, the company resolved to transfer the Field Manager business and other operations to Sukima Works Co., Ltd. via a company split (scheduled for August 1, 2026), and to establish a subsidiary, Timee Financial Co., Ltd., aimed at developing financial-related solutions business (scheduled for July 2026).

Key Products

Growth Drivers

• Expanding corporate demand for external workforce (logistics, retail, elderly care, hotels, etc.) amid chronic labor shortages
• Increased worker motivation to work due to rising minimum wage (national average of ¥1,121, up ¥66 year on year)
• Sustained high utilization rate (85.9% in FY2026 (ending April 2026)) through retargeting initiatives driven by the expansion of core workers (those working 8 or more times per month)
• Accelerated worker acquisition through marketing initiatives centered on digital advertising
• Expansion of focus areas into the elderly care/welfare and logistics industries and strengthening of the Field Manager business framework
• Autonomous platform expansion driven by network effects
• Expected reversal to increased year-on-year revenue growth in both the first and second halves of FY2027 (ending April 2027)
• Creation of new revenue sources through the development of Timee Career Plus's direct recruiting platform

Risks

• Impact on the business model from amendments to and tightening of labor-related laws and regulations
• Risk of market share decline due to entry and expansion by competitors
• Substantial working capital needs arising from advance payment of wages to workers and reliance on borrowings from financial institutions (short-term borrowings of ¥13,500 million)
• Damage to platform integrity from fraudulent use of the service by either clients or workers
• Impact on worker employment behavior from policy changes such as the "annual income wall"
• Decline in logistics volume due to weakening consumer sentiment stemming from the situation in the Middle East and other factors, and reduction in worker recruitment numbers due to material supply constraints
• Risk of short-term profit pressure from front-loaded investment in focus areas such as the elderly care and welfare industry concentrated in the first half
• Slower pace of business expansion due to difficulty securing talented personnel