“Real Voices”
President, JINJIB Co., Ltd.
Bringing a breath of fresh air to senior high school graduate recruitment
— Early frustrations drive ambition to rise higher
I worked as a truck driver after graduating from high school, then secured a position at a job vacancy advertising agency. The internet was not widely used at the time, so my work involved selling space in job advertising leaflets inserted in newspapers. Most of my customers were small and medium enterprises: large corporations didn’t pay any attention at all to this advertising medium. But the job seemed to suit me well. I spent my time in serious conversation with small and medium business operators, and tried my utmost to address their problems. I began to achieve good results and was able to rise to the position of managing director. I was fortunate to have good customers, and many business owners encouraged me and said they were willing to support my efforts. I started to gain a sense that society was accepting me.
Unfortunately, the agency later became insolvent, and as the frontline supervisor, I was kept busy dealing with our creditors and helping employees find work elsewhere. After things had settled down, I founded a business called P&F as a sole proprietor.
Having learned from the experience of my previous job, I promised myself that when I founded my own business, I would take care to keep out of debt and maintain a healthy bottom line. As an aside, I also note that this kind of experience strengthened my resolve to support smaller businesses and the vulnerable in society, at the same time as retaining autonomy in my own business.
— Last-resort Decision to Focus on High School Graduate Recruitment
As if in some kind of trade-off for this success, however, I became ill from overwork. I’d achieved my dream of rising up in the world, but didn’t feel any sense of joy or contentment in doing so. As I pondered what to do with the rest of my life, I resolved to focus solely on businesses that could genuinely contribute to society. I started to think about the most significant thing I could do to utilize my strengths. I decided that rather than business models, I should focus on human resources. The declining birthrate and aging population would usher in an era of labor shortages, biting hard for small and medium businesses, unlike major corporations. So, I decided to develop a kind of “human resources department” to support small and medium businesses. At the same time, I recruited human resource professionals in order to create a system capable of strengthening the human resource functions of my own company. I called this company JINJIB, from the Japanese word for “human resources department.”
I started out with a two-pronged business approach focusing on new university graduate employment and mid-career employment. But other companies were already well established in both these areas, and I found it difficult to establish a point of difference. I explored a number of other approaches on a trial-and-error basis, and one keyword that stood out was “senior high school graduates.” I myself graduated from senior high school straight into employment, so I had tried to recruit other high school graduates to work for my company. But found there were all sorts of rules and restrictions applying to their recruitment, and that nothing had changed since the days when I was at high school and searching for a job. Something simply had to change. At the time, people told me it would be a tough market, but I felt that this was something I had to do, no matter what risks were involved. So, I quit all the appointments I had with other profitable companies, including P&F, and relaunched JINJIB as a company specializing in high school graduate recruitment.
The stakeholders in this business are high school students and their parents, school teachers and officials, and even the government ministries in charge of labor affairs and education. In order to deliver our services, we would need to cultivate firm “trust” in our business. I decided that it would be essential for our company to be publicly listed on the stock exchange. As well as making our own business more widely known, going public would enable us to contribute to much-needed reform of the rules of high school graduate recruitment. I began reaching out to venture capitalists, and that’s when I came across MUCAP.
— The Power of Comprehensive VC Capabilities
When I first met with Mr. Sato from MUCAP, my impression was that he was a true professional in the investment field. He asked questions ranging from the features of our business and future prospects right down to the fine details. I sensed that it wouldn’t be enough simply to convey my vision for the business, so I told Mr. Sato everything I was thinking about in relation to the details of the business and plans for the future. He listened intently, which gave me confidence that we were getting somewhere. Fortunately, MUCAP decided to take the lead, and I was very relieved when investment in our company was finalized. That was in 2020.
Shortly after, we entered a period of unprecedented challenges with the onset of the COVID-19 pandemic. The company was driven to the wall. It was then that we decided to ride it through by borrowing bank loans, rather than raising capital. I wanted to avoid the added complexity of business decision-making that would result from bringing more venture capitals on board as shareholders. I also had a firm belief, even as the company was shrinking, that once we rode out the current crisis, we’d definitely be able to grow. Even as we fell deeper and deeper into the red from month to month, and it looked like the company would collapse, we pressed ahead with our commitment to expanding the business. I’m genuinely grateful to MUCAP for the understanding they showed us at this time.
The company finally achieved public listing on the stock exchange in 2024. We had received support from MUCAP in many forms up to that point. Mr. Sato introduced us to financial institutions, gave management advice, and provided other feedback that was as valuable as what an outside director might provide. I feel that MUCAP’s distinctive strength lies in its comprehensive VC capabilities.
— From “Three-way” to “Six-way” Satisfaction
I believe that the essence of business lies in contributing to and providing satisfaction for our stakeholders and wider society. Sanpo-yoshi is a common Japanese phrase meaning three-way satisfaction for the customer, the company, and wider society, but what I seek is satisfaction going SIX ways: customers, supply partners, shareholders, employees and their families, wider society, and our company. I believe that business should consist of activities leading to improvement in all six directions.
There are still many limitations and challenges in the field of high school graduate recruitment, but I want to continue doing everything I can to free up the system. This is the path I have chosen toward six-way satisfaction.
To all aspiring entrepreneurs
Company
JINJIB Co., Ltd.
Primary business activities
- Senior high school graduate recruitment support services
- Human resource development services
- Human resource management support services
- Personnel placement business operator (Ministry of Health, Labour and Welfare Permit no. 27-yu-303477)
- Labor dispatch business operator (Ministry of Health, Labour and Welfare Permit no. ha-27-304828)
Company History
| 1999 | July | Founded P&F LLC in Hirakata City, Osaka Prefecture |
|---|---|---|
| 2001 | September | Changed company name to P&F Co., Ltd.; relocated head office to Chuo-ku, Osaka City |
| 2002 | August | Opened Tokyo office in Nakano-ku , Tokyo |
| 2014 | February | Established JINJIB Co., Ltd. (former business subsidiary) |
| 2015 | March | Relocated head office to Minato-ku, Tokyo; established HITOTOMIRAI GROUP Co., Ltd. as holding company Made P&F Co., Ltd. and JINJIB Co., Ltd. (former business subsidiary) wholly owned subsidiaries |
| May | Launched “JOB Draft” graduate employment website for senior high school students | |
| 2018 | May | Launched “High School Graduate Recruitment Lab” media for corporate human resources |
| June | Established Shachoshitsu Co., Ltd. | |
| 2019 | April | Launched “Rookies’ Club” to provide new employee training and establishment support |
| July | Started holding “JOB Draft Fes” recruitment events for senior high school students | |
| 2020 | January | Implemented a corporate merger with Hito to Mirai Co., Ltd. as the surviving company, and P&F Co., Ltd., JINJIB Co., Ltd. (former business subsidiary), and Shachoshitsu Co., Ltd. as the extinct companies Changed name of Hito to Mirai Co., Ltd. to JINJIB Co., Ltd. on the same day |
| March | Increased capital to 9.8 million yen through third-party allocation of shares | |
| 2021 | April | Moved registered head office from Minato-ku , Tokyo, to Chuo-ku, Osaka City, Osaka Prefecture |
| 2022 | April | Launched “JOB Draft Career” |
| October | Launched “JOB Draft Next” | |
| 2024 | March | Listed on the Tokyo Stock Exchange Growth Market (Securities Code: 142A) |
| September | Launched “JINJIB Pack” monthly subscription-based human resource management support service for small and medium businesses |
-
Transforming the future of cancer treatment through drug development
Hiroshi Miyake, Ph.D.
CEO, Chordia Therapeutics Inc. -
Bringing a breath of fresh air to senior high school graduate recruitment
Mitsuhide Sasaki
President, JINJIB Co., Ltd. -
Solving the space debris problem and achieving sustainability in space and on earth
Mitsunobu Okada, Founder and CEO Nobuhiro Matsuyama, Chief Financial Officer
Astroscale Holdings Inc. -
Giving elderly people and their caregiving families more reason to smile
Masashi Enami
President, Emimen Co., Ltd. -
Developing revolutionary drugs for diseases without effective treatment options
Takuro Wakabayashi
Chief Executive Officer, TMS Co., Ltd. -
All motivation stems from an attitude to find something interesting
Noriyuki Suzuki
President, Asterisk Inc. -
Captivating the world with manga, anime, and events
Takuro Ando
Founder & CEO, TORICO Co., Ltd. -
Keep innovating the vision of the contact center support operation
Tomohiro Ishii
President & CEO, Mobilus Corporation -
Turn customer voices into the growth engine of the company and business
Yusuke Yokoji
Representative Director, G-NEXT Inc. -
Aiming to Create a Cashless Society
Kentaro Sugiyama, President and CEO
Akira Takano, Executive Chairman
GMO Financial Gate, Inc. -
Aiming to provide platform services for store operations
Hiroshi Yamamoto
Representative Director, Smaregi, Inc. -
Desire to offer drugs that make it possible to be reborn for patients suffering from rare genetic diseases and their families as early as possible
Koji Fuji
CEO and COO, Reborna Biosciences, Inc. -
Establish new business field to substitute people’s hearing
Koji Mitsumoto
Representative Director and CEO, Hmcomm Inc. -
Aims to develop cancer drugs that you can recommend to a cancer patient in your family with confidence
Kiyoshi Eshima, Ph.D.
President, Delta-Fly Pharma -
Our mission is to create Japanese cybersecurity solutions for the global market
Yuji Ukai
President, FFRI Inc.