Panalyt Forms Strategic Alliance with Mynavi to Advance Human Capital Management through Enhanced HR Data Utilization

Panalyt, a market leader in human capital analytics, is excited to announce a new capital investment and business alliance with Mynavi Corporation. With this strategic partnership and investment from Mynavi, Panalyt has now secured a total funding of 730 million yen, poised to accelerate the growth of its HR data utilization platform and support the evolution of human capital management in Japan.

Driving the Future of Human Capital Management

The importance of human capital management is on the rise, spurred by the U.S. Securities and Exchange Commission’s (SEC) mandate for human capital disclosure. This concept redefines employees’ knowledge and skills as “capital” rather than “costs,” encouraging investments that enhance long-term corporate value.

Effective human capital management begins with a comprehensive understanding of an organization’s human resources. Panalyt facilitates this by enabling the quantitative analysis of human capital, replacing intuition-based decisions with data-driven strategies that align with business objectives. As interest in human capital management grows, the demand for robust HR data infrastructure is also increasing, particularly for data integration, visualization, and transparent reporting.

Panalyt’s platform seamlessly connects with existing HR systems to automatically generate approximately 100 key HR metrics, aligned with standards like ISO30414, the Ito Report, and Japan’s Corporate Governance Code. This empowers companies to make informed decisions based on real-time, accurate data.

Meeting Japan’s Evolving HR Needs

Japan’s corporate landscape is undergoing significant transformation, driven by globalization, diversity, remote work, and demographic shifts. Panalyt supports these changes by promoting data-driven decision-making, enabling companies to navigate these challenges with evidence-based strategies rather than relying solely on intuition. Through the partnership with Mynavi, Panalyt aims to expand its reach and contribute more significantly to advancing human resource management.

Comments on the Partnership

Shunsuke Suyama, Corporate Planning div, Mynavi Corporation
We are excited to partner with Panalyt, whose innovative platform aligns with our vision of advancing corporate recruitment and development in the HR domain. By collaborating with Panalyt, we aim to explore new areas such as human capital disclosure and people analytics, creating significant value for our clients. We look forward to the opportunities this alliance will bring.

Takako Ogawa, CEO, Panalyt, Inc.
Since our founding in Singapore in 2017, Panalyt has continuously evolved, with successful trial implementations across multiple Asian markets. Recognizing the potential of the Japanese market, we established our first overseas base in Japan in 2019 and relocated our headquarters here last year. With the Japanese government’s move to mandate human capital disclosure from the fiscal year ending March 2023, this partnership with Mynavi comes at an opportune time. Mynavi’s network and expertise will significantly bolster our efforts to refine our products, enhance market alignment, and grow as a trusted service provider.

About Panalyt: Revolutionizing Human Capital Management

Panalyt offers a comprehensive data visualization software, providing an objective overview of organizational well-being by seamlessly integrating with existing HR systems and data sources. Our platform visualizes nearly 400 human capital metrics, empowering companies to make data-driven decisions and enhance their operations. Panalyt enables businesses, regardless of analytical expertise, to clean and analyze HR data, facilitating informed management decisions that propel organizational growth.

Notable achievements to date include:

• Winner of the 2020 HR Technology Award for Analytics, sponsored by the Ministry of Economy, Trade, and Industry, Toyo Keizai Inc., HR Technology Consortium (HRT), and ProFuture Inc.
• Recognized as a “Cool Vendor in Human Capital Management: Technology Innovations to Support the Future of Work” by Gartner.

Panalyt is currently available in both Japanese and English.

Company Overview

Company name: Mynavi Corporation

Location: 1-1-1 Hitotsubashi, Chiyoda-ku, Tokyo
Representative: President and CEO Yoshiaki Tsuchiya
Established: August 15, 1973
Capital: 2,121 million yen
URL: https://www.mynavi.jp/

Company name: Panalyt Inc.

Location: Minato-ku, Tokyo
Representative: Takako Ogawa (CEO)
Established: September 27, 2019
Company URL: https://panalyt.jp
Contact: hello@panalyt.com

※The information provided is current as of the announcement date. Please note that the information is subject to change without notice.