Pro-Ship Incorporated (3763) AI Stock Analysis

• Market Cap: ¥49.31B
• Dividend Yield: 1.92%
• Average Volume (3M): 61.52K
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.20
• Revenue Growth: 20.81%
• EPS Growth: 68.06%
• Country: JP
• Employees: 241
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 23.50
• Shares Outstanding: 31,870,200
• 10 Day Avg. Volume: 63,980
• 30 Day Avg. Volume: 61,523
• PEG Ratio: 0.26
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 2.86
• P/FCF Ratio: 14.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 82 Outperform
• Price Target: ¥2,001.00 ▲(17.02% Upside)

The score is driven primarily by strong financial performance (re-accelerating growth, very high margins, and a debt-free balance sheet with improving ROE). Technicals add support with a clear uptrend and positive MACD, though momentum is somewhat stretched. Valuation is reasonable with a mid-teens P/E and modest yield, providing neutral-to-positive support.

Positive Factors

Revenue Growth

The re-acceleration in revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion.

Profitability

High profitability margins suggest efficient operations and pricing power, which can sustain competitive advantage and shareholder returns.

Balance Sheet Health

A debt-free balance sheet provides financial flexibility and reduces risk, enabling strategic investments and resilience in downturns.

Negative Factors

Cash Flow Consistency

Inconsistent cash flow relative to net income may indicate volatility in cash generation, potentially affecting liquidity and investment capacity.

Earnings Volatility

Earnings volatility suggests sensitivity to market conditions and cost fluctuations, which could impact predictability and investor confidence.

Cash Flow Variability

Variability in free cash flow generation can challenge financial planning and limit the ability to fund growth initiatives consistently.

Pro-Ship Incorporated Business Overview & Revenue Model

Company Description

Pro-Ship Incorporated engages in the development, sale, consulting, and customization of solution packages for asset management, sales management, and others in Japan. It offers ProPlus Series, which include ProPlus fixed asset and sales management solutions. The company offers products such as, ProPlus Fixed Assets Suite, an integrated fixed assets management solution; ProPlusPit, an asset inventory management solution. It is also involved in the design and development of tailor-made back-office and information systems; and management of business application and infrastructure systems for clients. The company was formerly known as Japan M.I.S. Co.,Ltd. and changed its name to Pro-Ship Incorporated in May 2001. The company was incorporated in 1969 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Pro-Ship Incorporated generates revenue primarily through the sale and licensing of its proprietary shipping software solutions. Key revenue streams include software subscriptions, which provide clients access to the latest updates and features, and professional services such as implementation, customization, and ongoing support. The company may also engage in strategic partnerships with logistics providers and other technology firms to expand its offerings and reach, thereby driving additional revenue through collaborative ventures and integrated solutions.

Pro-Ship Incorporated Financial Statement Overview

Summary

Pro-Ship Incorporated demonstrates strong financial health with solid profitability, efficient cost management, and a robust cash flow position. The company's zero-debt status and high equity ratio reduce financial risk, while consistent growth in revenue and free cash flow indicates potential for future expansion.

Income Statement

Pro-Ship Incorporated has demonstrated strong financial performance with a consistent increase in total revenue over the years, except for a slight dip in 2023. The gross profit margin for 2024 stands at 52.0%, indicating efficient cost management. The net profit margin is robust at 19.8%, showcasing profitability. The EBIT and EBITDA margins are also healthy at 24.0% and 25.8%, respectively. The revenue growth rate from 2023 to 2024 is 3.2%, reflecting steady growth despite industry fluctuations.

Balance Sheet

The company maintains a strong balance sheet with zero debt, highlighting financial stability and low leverage risk. The return on equity (ROE) for 2024 is impressive at 17.9%, indicating effective use of equity to generate profits. The equity ratio is high at 77.7%, suggesting a solid capital structure primarily funded by equity.

Cash Flow

Pro-Ship's cash flow situation is robust, with a significant increase in free cash flow by 31.0% from 2023 to 2024, reflecting enhanced liquidity. The operating cash flow to net income ratio is strong at 1.06, demonstrating efficient cash generation relative to earnings. The free cash flow to net income ratio is also favorable at 0.92, indicating a high conversion rate of net income to free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.89B	7.56B	6.81B	6.60B	6.69B	5.35B
Gross Profit	4.51B	4.23B	3.54B	3.21B	3.54B	2.82B
EBITDA	2.81B	2.63B	1.76B	1.80B	2.32B	1.86B
Net Income	2.18B	1.93B	1.35B	1.30B	1.59B	1.19B
Balance Sheet
Total Assets	11.48B	11.38B	9.73B	8.63B	13.53B	11.90B
Cash, Cash Equivalents and Short-Term Investments	7.98B	7.18B	5.84B	5.21B	10.27B	8.42B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.99B	2.49B	2.17B	1.95B	2.20B	1.86B
Stockholders Equity	8.50B	8.89B	7.56B	6.68B	11.34B	10.05B
Cash Flow
Free Cash Flow	0.00	1.47B	1.24B	945.90M	2.20B	769.69M
Operating Cash Flow	0.00	1.47B	1.43B	1.12B	2.34B	908.62M
Investing Cash Flow	0.00	-316.98M	-236.62M	-198.56M	-94.61M	-150.25M
Financing Cash Flow	0.00	-531.29M	-571.58M	-5.98B	-396.85M	-582.19M

Pro-Ship Incorporated Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1710.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3763, the sentiment is Positive. The current price of 1710 is above the 20-day moving average (MA) of 1681.90, above the 50-day MA of 1627.40, and above the 200-day MA of 1429.73, indicating a bullish trend. The MACD of 35.34 indicates Negative momentum. The RSI at 57.74 is Neutral, neither overbought nor oversold. The STOCH value of 46.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3763.

Pro-Ship Incorporated Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3763	82 Outperform	¥49.31B	17.13	―	1.92%	20.81%	68.06%
4333	81 Outperform	¥22.62B	16.50	―	3.86%	0.50%	17.15%
3771	77 Outperform	¥33.62B	13.79	―	2.93%	11.53%	23.23%
3835	75 Outperform	¥21.05B	17.85	―	3.14%	0.50%	-2.92%
3800	71 Outperform	¥14.14B	19.10	―	3.62%	0.85%	12.73%
4826	70 Outperform	¥35.35B	19.72	―	2.83%	4.51%	75.35%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Pro-Ship Incorporated Corporate Events

Pro-Ship Updates Strategic Initiatives to Enhance Corporate Value

Pro-Ship Incorporated has announced an update to its strategic initiatives aimed at maximizing corporate value, which were initially published in November 2024. The company’s Board of Directors has resolved to revise the disclosure contents based on a current analysis, reflecting ongoing efforts to align management actions with cost of capital and stock price considerations.

Pro-Ship Revises Earnings Forecast and Announces Commemorative Dividend

Pro-Ship Incorporated has revised its earnings forecast for the fiscal year ending March 31, 2026, anticipating higher profits due to improved operational efficiencies and increased demand from new lease accounting standards. Additionally, the company announced a commemorative dividend to celebrate reaching 5,500 customer adoptions, reflecting its gratitude towards shareholders and stakeholders.

Proship Inc. Reports Strong Financial Growth and Announces Stock Split

Proship Inc. reported a significant increase in its consolidated financial results for the six months ended September 30, 2025, with net sales rising by 24.9% and operating profit surging by 179.8% compared to the previous year. The company also announced a stock split and revised its earnings and dividend forecasts, reflecting a positive outlook for the fiscal year ending March 31, 2026, which may enhance shareholder value and market position.