#Japan #Tokyo #Labor Shortages #Hyakujushi Bank #Tokuty

Tokuty Inc. Partners with Hyakujushi Bank to Tackle Labor Shortages

In a recent announcement, Tokuty Inc., led by CEO Naosuke Sugihara, has entered into a customer referral agreement with Hyakujushi Bank, a financial institution headquartered in Takamatsu City, Kagawa Prefecture. This strategic partnership aims to support local businesses struggling with labor shortages, particularly in the Shikoku and Setouchi regions.

Background of the Partnership

The Shikoku region, including Kagawa Prefecture, is experiencing a significant decline in its labor force, which poses a serious challenge to the sustainable growth of regional enterprises. Hyakujushi Bank has been proactively enhancing its comprehensive consulting functions, extending its support beyond financial assistance to help address the diverse issues faced by its client companies.

Labor shortages have escalated into a nationwide crisis, affecting industries such as food service, construction, manufacturing, hospitality, logistics, and nursing care. The need for capable personnel in these sectors has become urgent, prompting attention to the employment of specific skilled workers as a viable solution.

To address this pressing issue, Tokuty will collaborate with Hyakujushi Bank by providing its matching platform, “tokuty,” to client companies that are grappling with labor shortages. Through this collaboration, both companies aim to bolster workforce acquisition efforts and contribute to the sustainable development of the local economy and revitalization initiatives.

Comments from Tokuty’s CEO, Naosuke Sugihara

Upon signing the referral agreement, Sugihara expressed his honor in partnering with Hyakujushi Bank. He emphasized the urgent challenges faced by small to medium-sized enterprises in Kagawa and Shikoku due to labor shortages. Sugihara stated, “We intend to leverage our expertise in recruiting and retaining foreign talent to create optimal matches that significantly bolster these companies' growth. We are committed to providing consistent support from recruitment through to subsequent employee engagement, all while striving for the further development of the Kagawa and Shikoku economies.”

About Tokuty

Founded in August 2018, Tokuty Inc. is a global startup primarily focused on recruiting and labor management services for non-desk workers, particularly foreign talent. The company launched its matching platform, “tokuty,” in 2021, connecting companies looking to hire foreign specific skilled workers with over 390 partnered overseas staffing firms. Through this service, businesses can efficiently and effectively recruit high-quality foreign personnel to meet their immediate needs.

Tokuty is particularly dedicated to reversing the labor shortages faced in rural areas severely affected by declining population figures. The company aims to contribute significantly to regional revitalization. Moving forward, Tokuty plans to extend beyond mere matching solutions by providing educational services designed to alleviate stress for both foreign employees and employers. The company also aspires to become a central hub for workforce solutions in Japan and Asia, with plans for future international expansion.

Company Overview

• - Name: Tokuty Inc.
• - CEO: Naosuke Sugihara
• - Location: 1-9-18 Kaigan, Minato-ku, Tokyo, 2F, Kokusai Hamamatsucho Building
• - Established: August 2018
• - Business Activities: Development and operation of the matching platform for foreign specific skilled personnel, “tokuty.”
• - Corporate Website: Tokuty Corporate
• - Service Site: Tokuty Service