The logo imprints the year of the establishment, the name of the university (OUC), and the symbol of two wings of Hermes, who is the Olympian god of commerce.

In 1944, during World War II, the school was renamed Otaru College of Economics.

After the establishment of a satellite campus in Chuo-ku, Sapporo, the university opened a major in Business Administration in the graduate school in 1997.

In 2005, the satellite campus was moved its current location in Kita-ku, Sapporo.

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