TOKYO, August 30, 2021 \u2014 UTokyo Economic Consulting Inc. (UTEcon), a leading academic consulting firm in Japan based on academic knowledge in economics, accounting, business administration, and related fields, announced today that it has signed a comprehensive advisory agreement with Aucnet Inc. (3964.T).<\/p>\n
Aucnet, since establishment in 1984, has provided transaction platforms for buyers and sellers in multiple countries in various areas as used cars, used motorcycles, flowers, used luxury brand items, used digital products, and used medical equipment, by focusing three elements: \u201cinformation reliability\u201d, \u201cexpertise in operations\u201d and \u201cunique systems.\u201d Aucnet faces increasing needs to its business model, and intends to utilize academic expertise to provide more values to its customers.<\/p>\n
UTEcon, established by the University of Tokyo in August, 2020, has a wealth of experiences and know-hows in the field of econometric machine learning methods. UTEcon also has strong expertise in explicitly taking business constraints into account and proposing realistic auction designs, with her experts\u2019 world-class research experiences on auction system design.<\/p>\n
\u201cWe have enjoyed good cooperation in AI development for predicting residual values of IT assets based on econometric machine learning approach and auction data, as well as the auction systems re-design project using an economics-based market design approach,\u201d said Shinichiro Fujisaki, COO of Aucnet. \u201cI believe our partnership will further strengthen through this comprehensive advisory agreement.\u201d<\/p>\n
Yos Kawaharata, CEO of UTEcon said, \u201cWe aims to promote societal implementation of research results in economics and related fields. I hope the comprehensive advisory agreement helps Aucnet to further utilize our academic expertise.\u201d<\/p>\n
About UTEcon<\/strong> About Aucnet<\/strong> Contact for Media<\/strong>
\n<\/u>Company name: UTokyo Economic Consulting Inc.
\nCEO: Yos Kawaharata
\nEstablishment: August, 2020
\nHeadquarter: Rm. 922 Int\u2019l Academic Research Bldg., 7-3-1 Hongo, Bunkyo-ku, Tokyo, 113-0033, JAPA
\nURL:\u00a0https:\/\/utecon.net<\/a><\/p>\n
\n<\/u>Company name: Aucnet Inc.
\nChairman & CEO: Kiyotaka Fujisaki
\nPresident & COO: Shinichiro Fujisaki
\nEstablishment: March, 1984
\nHeadquarter: Aoyama OM Square, 2-5-8 Kita-Aoyama, Minato-ku, Tokyo, 107-8349, JAPAN
\nURL:\u00a0https:\/\/www.aucnet.co.jp\/<\/a><\/p>\n
\n<\/u>PR Team, UTokyo Economic Consulting Inc.
\ninfo@utecon.net<\/a><\/p>\n