(Headquarters: Chiyoda-ku, Tokyo; President and CEO: Osamu Hata; hereinafter "WAP") announced today that Nissin Foods Holdings Corporation (Headquarters: Shinjuku-ku, Tokyo; President and CEO: Hiromoto Ando; hereinafter "Nissin Foods HD") has adopted WAP's fixed asset management system, HUE Asset, in response to the new lease accounting standards. (Nissin Foods HD) has adopted WAP's HUE Asset fixed asset management system to comply with the new lease accounting standards. NISSIN FOODS HD, a leader in DX in the food manufacturing industry, has chosen HUE Asset because of its high level of business compatibility with standard functions and free version upgrades that can respond to legal revisions without additional cost. The system will establish a fixed asset management system that can flexibly respond to system revisions based on a stable operational foundation.

Background of Adoption】To renew a major system that had been in use for many years in order to comply with the new lease accounting standards, Nissin Foods Holdings, Inc.

　Nissin Foods HD took the opportunity of complying with the new lease accounting standards to undertake a complete review of its fixed asset management system. The previous system had issues in terms of both operational efficiency and cost, with additional costs incurred each time legal revisions were addressed and a heavy input load due to complicated operations. In light of these issues, we began to consider a system that could smoothly respond to legal revisions and system changes and ensure stable operation over the long term. HUE Asset was selected because of its flexibility in reproducing complex business requirements with standard functions and its high operability and maintainability.

Expected Effects: Reproduction of operations with zero add-ons to achieve both efficiency and maintainability

　By utilizing the standard functions of HUE Asset, the current business can be reproduced without add-on development, which will reduce additional costs and operational burdens at the time of legal revisions. Furthermore, in the future, in addition to centralized management of fixed asset and lease contract information, we plan to introduce data input and confirmation functions from smart devices. Further improvements in on-site operations are expected, such as streamlining inventory work and increasing input accuracy.

＜Comment from the person in charge, Finance & Accounting Department, Nissin Foods Holdings Co.

　In considering the renewal of the fixed asset management system to comply with the new lease accounting standards, we were attracted by the flexibility and operability of the standard functions in HUE Asset, and expected to improve the efficiency of fixed asset and lease operations. In addition, the fact that HUE Asset is expected to stably and reliably respond to future legal revisions, including the new lease accounting standards, and the fact that it provides a one-stop service for the physical management of fixed assets, from on-site inspections to change applications, were major deciding factors in our decision to adopt HUE Asset. HUE Asset will be used not only by the Finance and Accounting Department but also by the field staff to further improve the efficiency and stability of fixed asset management operations.

About HUE

HUE is a domestically produced ERP developed for major Japanese companies, and has continued to grow based on customer feedback to meet a wide range of business requirements regardless of industry or business category. and high reputation.

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

　 Click here for HUE product page

About Works Applications, Inc.

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.

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*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 in this release are based on uncertainties and may differ from actual results.