(Head Office: Chiyoda-ku, Tokyo; President and CEO: Osamu Hata; hereinafter "WAP") announced today that Kyushu Railway Company (Head Office: Fukuoka City, Fukuoka Prefecture; President and CEO: Yoji Komiya; hereinafter "JR Kyushu") has decided to adopt WAP's fixed asset and lease management system "HUE Asset". JR Kyushu will use HUE Asset to smoothly integrate with its existing system and comply with the new lease accounting standards, which will have a significant impact on its business operations due to its expansion into multiple industries.

Background of Adoption: Lease management issues that are unique to a company that operates in multiple industries.

　JR Kyushu is a company that operates a wide variety of businesses, including railroad, real estate, and retail, and has many real estate and movable property leases, which are greatly affected by the new lease accounting standards. In particular, the company has many lease contracts for properties within the group, and changing the processing of sublease contracts was a challenge. The existing in-house system did not have lease management functions and was difficult to modify to comply with the standard. After comparing and evaluating the introduction of a dedicated system, the decision was made to implement HUE Asset because of its ease of integration with the existing system and its standard support for lessor and sublessor functions.

Expected Effects: Lessor and sublessor leases will be included as standard equipment, reducing the burden of complying with the new standards.

　In addition to the lessee function, HUE Asset includes the lessor and sublease functions as standard, which are required for companies that operate in multiple industries throughout the group. This significantly reduces the burden on JR Kyushu to comply with the new lease accounting standards. In addition, since all functions, including the lessor function, are provided within the scope of the free version upgrade, future system revisions can be handled without additional cost, thereby reducing long-term operating costs.

＜ HUE Asset has the necessary functions as standard, and we can respond to future changes in the law without worry, The key factors in our decision to implement HUE Asset were its ability to smoothly integrate with our existing system and its ability to handle subleasing as a standard feature.
　We expect that expanding the scope of use of HUE Asset will allow us to smoothly respond to future considerations for the use of packaged products in the area of fixed assets.

About HUE

　HUE is a domestically produced ERP developed for Japan's leading companies and continues to grow with customer feedback to meet a wide range of business requirements across industries and business categories. Over 2,200 companies have used Sotetsu HD's system, which has been adopted by Sotetsu HD.

The 97%* fit rate is based on our own standards.

　 Click here for the HUE product page
Click here for the HUE Asset fixed asset and lease management system that JR Kyushu has adopted this time.

About Works Applications

Works Applications was founded in 1996 as an ERP package vendor in Japan. With innovative solutions such as no-customization and free version upgrades, we have supported the growth of our customers, mainly major Japanese companies. Believing in the potential of each individual, we aim to be a "growth engine" that maximizes the value of companies and individuals, and we will continue our pursuit of turning "work" into "creation" and making "work" fun.

*Company names, product names and service names are trademarks or registered trademarks of their respective companies.
*The information in this release is current as of the date of publication, and is subject to change or withdrawal without notice. Please be aware that the forecasts and other forward-looking information contained in this release are uncertain and may differ from actual results.