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IR > Company Profile > Company History

Company History

A Japanese ERP software package
By Japanese designers
For Japanese enterprises

In Western Europe and North America, many large companies implement packaged software suites provided by software vendors, enabling them to build company-internal systems quickly and with minimal capital outlay. This situation places Japanese software vendors at a disadvantage as they attempt to develop new software on their own, as vendors tend to bring foreign software packages into Japan, customize them and sell them to Japanese corporate users.

Moreover, large Japanese companies that cannot make do with these low-cost software packages from overseas must invest in costly, tailor-made solutions, a highly inefficient process that causes them to lag behind their respective industries in implementing strategic IT initiatives.

This unsatisfactory status quo provided the impetus for the establishment of Works Applications, a company that develops and markets imaginative ERP solutions with the special needs of major Japanese corporate customers in mind.

The ERP Market in Japan

Company history and Net sales

1994, Oct	Established project study group to develop personnel and payroll software package
1995, Feb	Started development of COMPANY®
1996, May	Started shipment of COMPANY® (to 2 companies)
1996, Jul	Established Works Applications for development, sales, and support of COMPANY®
1996, Sep	Formally started sales of "COMPANY® Personnel and Payroll"
2001, Aprl	Formally started sales of "COMPANY® Web service"
2001, Dec	Listed on JASDAQ
2002, Jun	Capital tiei-up with Dream Arts Corp
2002, Sep	Formally started sales of "COMPANY® Assignment and Project Management"
2002, Dec	Capital tie-up with System Engineering Center Co., Ltd (renamed as Works Products Co., Ltd.)
2003, Apr	Formally started sales of "COMPANY® Knowledge Information Portal"
2003, Apr	Formed System Engineering Center Co., Ltd.(renamed as Works Products Co., Ltd.) a subsidiary
2003, May	Established a business alliance with Docent, Inc.
2003, Oct	Capital tie-up with Dream Arts Corp. as an affiliate
2004, Jun	Capital tie-up with CCC Consulting, Inc. as an affiliate Formally started sales of "COMPANY® Learning Management"
2004, Jul	Established Works Global Service Co., Ltd, as a joint company with InfoDeliver Corporation
2004, Aug	Established Works Info Application Service Co., Ltd, as a joint company with InfoDeliver Corporation
2004, Aug	Made AIM Consulting Co., Ltd. into subsidiary
2004, Nov	System Engineering Center Co., Ltd, the subsidiary changed its name to Works Products Co., Ltd.
2004, Dec	Made Aico Technologies, Inc.(renamed as Works Solutions Co.,Ltd.) into subsidiary
2004, Dec	Formally started sales of "COMPANY® Financial Management"
2005, Jan	Made Ariel Networks, Inc. into wholly owned subsidiary.
2005, May	Made Dyna-System Corporation into subsidiary
2005, Jun	Formally started sales of "COMPANY® Business Management"
2005, Jun	Formally started sales of "COMPANY® Assets Management"
2005, Dec	Formally started sales of "COMPANY® Cash Management"
2006, Apr	Aico Technologies, Inc.,the subsidiary changed its name to Works Solutions Co.,Ltd.
2006, Sep	Dyna-System Corporation,the subsidiary changed its name to Works Systems Co.,Ltd.
2007, Jan	Formally started sales of "COMPANY® CRM"
2007, Jan	Formally started sales of "COMPANY® CRM for Sales"
2008, Jan	Formally started sales of "COMPANY® Identity Management"
2008, Jun	Formally started sales of "COMPANY® Purchase Management"
2008, Des	Formally started sales of "COMPANY® CRM for Support & Service"

What form should an ERP for use in business process reform (BRP) take? We provided our own answer to this question with the development, sale and support of COMPANY®, the ERP package from Works Applications created especially for the needs of large Japanese companies. The enormous potential of the Works Applications approach has not gone unnoticed by major venture capital firms. Today, we count several of these companies, including venture capital companies that have nurtured household names such as AOL and Apple Computer, among our shareholders.

About ERP Market in Japan

The market for enterprise resource planning(ERP) software packages, which are used to perform business process reform (BRP) in areas such as personnel and payroll (P&P), is worth approximately 300 billion yen in Japan. Given that the same market in the United States is valued at some 3 trillion yen, the domestic ERP industry clearly has substantial room to grow still.

As they suffer through a protracted recession, Japan's enterprises are hurrying to overhaul their business processes, highlighting the need for faster and more efficient operation. These pressures are heightening the demand for ERP software packages, which offer low-cost, "off-the-rack" solutions that can be implemented within a short time-frame. As the market for such products grows, so does the ERP industry, with the result that customers are increasingly focusing on quality in ERP software packages.

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