TOKYO, May 08 (Pulse News Wire) – Timee,inc. (215A.T) addressed key investor concerns regarding competition from large restaurant chains developing their own spot work platforms and changes in foreign worker policies.
Regarding potential impacts from competitors' internal platforms, CEO Ogawa Mine stated there would be little fundamental effect due to Timee's robust user base and high operational efficiency, which create significant barriers to entry. Additionally, the company believes such internal platforms limit workers’ options, making it harder to secure labor. On the temporary halt of accepting foreign workers with specific skills in the food service industry, CFO Hachiya Tomoharu noted positive implications.
He explained that while some businesses might turn to spot work to fill gaps left by reduced foreign labor, the broader impact includes shifting fixed labor costs to variable ones, enhancing operational flexibility. This move is seen as beneficial for long-term revenue growth rather than a short-term spike in income. Timee,inc.
Continues to focus on optimizing client relationships and demonstrating cost-effectiveness through strategic spot work utilization across various industries.
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