Pro-Ship Incorporated
3763・Prime Market・Information & Communication
Package Solutions Business
Core business centered on fixed asset management solutions, accounting for over 98% of sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2025 (ended March 2025)) | ¥7,415 million | ¥6,716 million | ↑ |
| Operating profit (full year, FY2025 (ended March 2025)) | ¥2,281 million | ¥1,612 million | ↑ |
| Operating profit margin (full year, FY2025 (ended March 2025)) | 30.8% | 24.0% | ↑ |
| Orders received (full year, FY2025 (ended March 2025)) | ¥8,232 million | ¥7,054 million | ↑ |
| Order backlog (end of FY2025 (ended March 2025)) | ¥5,888 million | ¥5,044 million | ↑ |
Business Details
The company provides an integrated offering—from consultation through system implementation and maintenance—centered on the comprehensive fixed asset management solution "ProPlus Fixed Asset System." Its primary customers are listed large and mid-sized companies, with the infrastructure industry positioned as a priority area for growth strategy. The company outsources part of its package development operations, etc., to its consolidated subsidiary Proship Frontier Co., Ltd. and its affiliate Puleking Information System (Dalian) Co., Ltd.
Recent Overview
Cumulative Q3 net sales of ¥5,883 million and operating profit of ¥2,106 million, continuing substantial profit growth
For the nine months ended December 2025 (cumulative Q3 of FY2026, ending March 2026), net sales were ¥5,883 million (up 21.2% year on year) and operating profit was ¥2,106 million (up 94.6% year on year). Sales increased due to the continued growth in the size of projects and sustained high project density per employee, while cost of sales was contained through company-wide quality management enhancements and improved value-added productivity. In addition, on February 13, 2026, the company resolved to enter into a capital and business alliance with First Accounting Co., Ltd., aiming to provide new value through the integration of fixed asset management solutions with accounting AI technology. Demand for compliance with the new lease accounting standard (scheduled for mandatory application from April 2027) is expected to intensify going forward.
Key Products
Growth Drivers
- Continuous sales generation through version upgrade support for existing customers
- Promotion of large-scale projects for the infrastructure industry (a priority area of growth strategy)
- Improved profitability through larger project scale and higher project density per employee
- Intensifying demand for compliance with the new lease accounting standard, scheduled for mandatory application from April 2027
- Acquisition of new customer segments and subscription revenue through the SaaS solution "ProPlus+"
- Strengthened integration with accounting AI technology through the capital and business alliance with First Accounting
Risks
- Risk of order volatility due to increasing reliance on large-scale projects (cumulative Q3 package orders received decreased 5.8% year on year)
- Uncertainty in development cost estimates for custom-developed software (risk of order losses due to specification changes or unforeseen events)
- Risk of rising personnel costs and staffing challenges amid intensifying competition for talented personnel
- Risk of delayed earnings contribution, as full-scale demand related to the new lease accounting standard is expected to materialize only in the latter half of the following fiscal year onward
- Ongoing burden of product development investment in response to institutional changes such as IFRS and new accounting standards
Last updated: July 15, 2026