Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,535, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 144% over the past three years. Buy Or Sell Opportunity • Apr 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥1,330. The fair value is estimated to be JP¥1,667, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 31%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.3%). Annonce • Mar 03
Pro-Ship Incorporated announced that it has received ¥514.395 million in funding from First Accounting Co., Ltd. On March 2, 2026, Pro-Ship Incorporated closed the transaction. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥22.99 (vs JP¥18.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥22.99 (up from JP¥18.84 in 3Q 2025). Revenue: JP¥2.09b (up 14% from 3Q 2025). Net income: JP¥583.0m (up 25% from 3Q 2025). Profit margin: 28% (up from 25% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 02
Now 23% undervalued Over the last 90 days, the stock has risen 2.3% to JP¥1,534. The fair value is estimated to be JP¥1,990, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Dec 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to JP¥1,582. The fair value is estimated to be JP¥1,995, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 32%. Buy Or Sell Opportunity • Dec 01
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,576. The fair value is estimated to be JP¥2,005, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 32%. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,797, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Software industry in Japan. Total returns to shareholders of 156% over the past three years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥8,264 (vs JP¥10.71 in 2Q 2025) Second quarter 2026 results: EPS: JP¥8,264 (up from JP¥10.71 in 2Q 2025). Revenue: JP¥2.09b (up 28% from 2Q 2025). Net income: JP¥584.7m (up 121% from 2Q 2025). Profit margin: 28% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 30% per year. Declared Dividend • Nov 16
Dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥33.33 (vs JP¥13.22 in 1Q 2025) First quarter 2026 results: EPS: JP¥33.33 (up from JP¥13.22 in 1Q 2025). Revenue: JP¥1.81b (up 22% from 1Q 2025). Net income: JP¥413.0m (up 153% from 1Q 2025). Profit margin: 23% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥156 (vs JP¥110 in FY 2024) Full year 2025 results: EPS: JP¥156 (up from JP¥110 in FY 2024). Revenue: JP¥7.56b (up 11% from FY 2024). Net income: JP¥1.93b (up 43% from FY 2024). Profit margin: 26% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥156 (vs JP¥110 in FY 2024) Full year 2025 results: EPS: JP¥156 (up from JP¥110 in FY 2024). Revenue: JP¥7.56b (up 11% from FY 2024). Net income: JP¥1.93b (up 43% from FY 2024). Profit margin: 26% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 09
Pro-Ship Incorporated, Annual General Meeting, Jun 19, 2025 Pro-Ship Incorporated, Annual General Meeting, Jun 19, 2025. Annonce • Mar 31
Pro-Ship Incorporated Revises Consolidated Earnings Guidance for the Fiscal Year 2025 Pro-Ship Incorporated revised consolidated earnings guidance for the fiscal year 2025. For the period, the company expects net sales to be JPY 7,400 million, Operating profit to be JPY 2,100 million, Profit attributable to Owners of the Parent to be JPY 1,550 million and Net Income per share to be JPY 125.30 as compared to previous guidance of net sales to be JPY 7,300 million, Operating profit to be JPY 1,900 million, Profit attributable to Owners of the Parent to be JPY 1,400 million and Net Income per share to be JPY 113.72. Reason for revision: Although net sales for the first nine months of the fiscal year 2025 progressed 67.9% toward the full-year consolidated net sales forecast, the amount of sales booked is expected to exceed the forecast due to increased projects in the fourth quarter. Acceptance inspections of ongoing projects and progress in large-scale projects for the infrastructure industry is expected to increase sales. In addition, the development of "ProPlus+," a SaaS solution compliant with the new lease accounting standards released in December 2024, progressed efficiently within the plan, and other factors successfully reduced selling, general, and administrative expenses. Although the increase in demand due to the new lease accounting standards will not occur until the next fiscal year or later, as expected, these factors have led to revise upward forecasts for net sales, operating income, ordinary income, and net income attributable to owners of the parent for the fiscal year ending March 31, 2025, from the full-year forecasts announced on May 10, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥37.68 (vs JP¥43.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.68 (down from JP¥43.63 in 3Q 2024). Revenue: JP¥1.84b (down 2.7% from 3Q 2024). Net income: JP¥467.0m (down 13% from 3Q 2024). Profit margin: 25% (down from 28% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Annonce • Jan 17
Pro-Ship Incorporated Announces Release Date of New Product ProPlus+ (ProPlus Plus) Compliant with New Accounting Standard for Leases Pro-Ship Incorporated announced that it has resolved, at a meeting of the board of directors held on December 23, 2024, to make the following decisions regarding the release timing of new product which is compliant with new accounting standard for release, disclosed on September 24, 2024. Overview of new products: A product that specializes in the new Accounting Standard for Leases, takes best practice from IFRS 16 projects; Deliver as a SaaS using cloud-native technologies; Provide installation services with a rich self-service programs and materials for customers. Start of sales of new products: December 23, 2024. Special expenses for the start of service of this product: The expenses are within the scope of the research and development plan, and there are no special expenses for preparing for the launch of this service. Target market and customers: This service is for business companies, primarily listed companies, which need to comply with the new Accounting Standard for Leases. Future outlook: This product will be offered as a SaaS and complies with new Accounting Standard for Leases, which is going to be mandatory for all companies after fiscal years beginning in April 2027. Although the impact on business results for the fiscal year ending March 2025 is expected to be limited, The company expects to introduce this service for 500~1000 companies (mainly listed companies) by 2027. The company believe that this will contribute to increase its corporate value in the medium to long term. If the need for timely disclosure arises in the future, it will promptly disclose the information. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Declared Dividend • Nov 11
Dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥21.43 (vs JP¥22.34 in 2Q 2024) Second quarter 2025 results: EPS: JP¥21.43 (down from JP¥22.34 in 2Q 2024). Revenue: JP¥1.63b (down 5.6% from 2Q 2024). Net income: JP¥265.0m (down 3.6% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Oct 07
Pro-Ship Incorporated Announces Change in Dividend Policy Pro-Ship Incorporated. announced that it has resolved, at a meeting of the Board of Directors held on October 7, 2024, to change dividend policy and introduce progressive dividend policy as described below. The revised dividend policy will be applied from the fiscal year ending March 31, 2025. Details of change (Before change): The Company's policy is to actively return profits to shareholders while working to enhance its capital adequacy and improve profitability, and to build up internal reserves for the purpose of upfront investment to strengthen a stable economic base and achieve sustainable growth. (After change) The Company's policy is to actively return profits to shareholders by continuing to pay progressive dividends, in addition to maintaining a dividend payout ratio of 40% or higher, while promoting upfront investments for sustainable growth and improving profitability and capital efficiency. Reason for change: The Company has increased the actual dividend for the fiscal year ended March 31, 2024, and the dividend forecast for the fiscal year ending March 31, 2025. To make it clear that intend to continue dividend increase, decided to introduce progressive dividend policy. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥13.22 (vs JP¥2.11 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.22 (up from JP¥2.11 in 1Q 2024). Revenue: JP¥1.49b (up 15% from 1Q 2024). Net income: JP¥163.0m (up JP¥137.0m from 1Q 2024). Profit margin: 11% (up from 2.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 28% overvalued Over the last 90 days, the stock has fallen 3.3% to JP¥1,335. The fair value is estimated to be JP¥1,040, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 2.8%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,231, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 3.6% over the past three years. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥110 (vs JP¥96.47 in FY 2023) Full year 2024 results: EPS: JP¥110 (up from JP¥96.47 in FY 2023). Revenue: JP¥6.81b (up 3.2% from FY 2023). Net income: JP¥1.35b (up 3.8% from FY 2023). Profit margin: 20% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥110 (vs JP¥96.47 in FY 2023) Full year 2024 results: EPS: JP¥110 (up from JP¥96.47 in FY 2023). Revenue: JP¥6.81b (up 3.2% from FY 2023). Net income: JP¥1.35b (up 3.8% from FY 2023). Profit margin: 20% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Annonce • May 12
Pro-Ship Incorporated, Annual General Meeting, Jun 20, 2024 Pro-Ship Incorporated, Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥43.62 (vs JP¥28.87 in 3Q 2023) Third quarter 2024 results: EPS: JP¥43.62 (up from JP¥28.87 in 3Q 2023). Revenue: JP¥1.89b (up 17% from 3Q 2023). Net income: JP¥537.0m (up 51% from 3Q 2023). Profit margin: 28% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥22.34 (vs JP¥26.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.34 (down from JP¥26.51 in 2Q 2023). Revenue: JP¥1.73b (down 1.5% from 2Q 2023). Net income: JP¥275.0m (down 25% from 2Q 2023). Profit margin: 16% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be JP¥1,622, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.7%. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥2.11 (vs JP¥11.74 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.11 (down from JP¥11.74 in 1Q 2023). Revenue: JP¥1.30b (down 14% from 1Q 2023). Net income: JP¥26.0m (down 86% from 1Q 2023). Profit margin: 2.0% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 24
Full year 2023 earnings released: EPS: JP¥96.47 (vs JP¥103 in FY 2022) Full year 2023 results: EPS: JP¥96.47 (down from JP¥103 in FY 2022). Revenue: JP¥6.60b (down 1.3% from FY 2022). Net income: JP¥1.30b (down 18% from FY 2022). Profit margin: 20% (down from 24% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥96.47 (vs JP¥103 in FY 2022) Full year 2023 results: EPS: JP¥96.47 (down from JP¥103 in FY 2022). Revenue: JP¥6.60b (down 1.3% from FY 2022). Net income: JP¥1.30b (down 18% from FY 2022). Profit margin: 20% (down from 24% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥28.87 (vs JP¥23.85 in 3Q 2022) Third quarter 2023 results: EPS: JP¥28.87. Revenue: JP¥1.62b (down 1.5% from 3Q 2022). Net income: JP¥355.0m (down 3.5% from 3Q 2022). Profit margin: 22% (in line with 3Q 2022). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Isao Ichimasa Toshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥24.69 (vs JP¥27.16 in 2Q 2022) Second quarter 2023 results: EPS: JP¥24.69 (down from JP¥27.16 in 2Q 2022). Revenue: JP¥1.76b (up 4.6% from 2Q 2022). Net income: JP¥339.0m (down 19% from 2Q 2022). Profit margin: 19% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥11.74 (vs JP¥21.06 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.74 (down from JP¥21.06 in 1Q 2022). Revenue: JP¥1.50b (up 7.5% from 1Q 2022). Net income: JP¥182.0m (down 44% from 1Q 2022). Profit margin: 12% (down from 23% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • Aug 11
Pro-Ship Incorporated (TSE:3763) announces an Equity Buyback for 3,300,000 shares, representing 21.27% for ¥5,329.5 million. Pro-Ship Incorporated (TSE:3763) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,000 shares, representing 21.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,329.5 million. The shares will be repurchased at a price of ¥1,919 per share. The purpose of the program is to mitigate the impact on the stock market due to the sale of company’s shares following the dissolution of the capital and business alliance with NSD and to implement a capital policy that responds to future changes in the business environment and market environment. As of June 30, 2022, the company had 15,511,319 issued shares (excluding treasury stock) and 2,081 treasury shares. Annonce • Jul 28
Pro-Ship Incorporated to Report Q1, 2023 Results on Aug 10, 2022 Pro-Ship Incorporated announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥6.69b (up 25% from FY 2021). Net income: JP¥1.59b (up 34% from FY 2021). Profit margin: 24% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Annonce • May 12
Pro-Ship Incorporated, Annual General Meeting, Jun 21, 2022 Pro-Ship Incorporated, Annual General Meeting, Jun 21, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥103 (vs JP¥77.98 in FY 2021) Full year 2022 results: EPS: JP¥103 (up from JP¥77.98 in FY 2021). Revenue: JP¥6.69b (up 25% from FY 2021). Net income: JP¥1.59b (up 34% from FY 2021). Profit margin: 24% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Isao Ichimasa Toshi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 08
Pro-Ship Incorporated to Report Fiscal Year 2022 Results on May 06, 2022 Pro-Ship Incorporated announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥23.84 (up from JP¥16.65 in 3Q 2021). Revenue: JP¥1.64b (up 52% from 3Q 2021). Net income: JP¥368.0m (up 44% from 3Q 2021). Profit margin: 22% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥23.84 (up from JP¥16.65 in 3Q 2021). Revenue: JP¥1.64b (up 52% from 3Q 2021). Net income: JP¥368.0m (up 44% from 3Q 2021). Profit margin: 22% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥21.06 (vs JP¥8.41 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.39b (up 48% from 1Q 2021). Net income: JP¥324.0m (up 153% from 1Q 2021). Profit margin: 23% (up from 14% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥77.98 (vs JP¥68.26 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.35b (up 5.9% from FY 2020). Net income: JP¥1.19b (up 15% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 10
Full year 2021 earnings released: EPS JP¥77.97 (vs JP¥68.26 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.35b (up 5.9% from FY 2020). Net income: JP¥1.19b (up 15% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Annonce • Mar 04
Pro-Ship Incorporated to Report Fiscal Year 2021 Results on May 07, 2021 Pro-Ship Incorporated announced that they will report fiscal year 2021 results on May 07, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: JP¥1,365 The company is down 5.0% from its price of JP¥1,434 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥16.65 (vs JP¥16.00 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥1.08b (flat on 3Q 2020). Net income: JP¥255.0m (up 4.9% from 3Q 2020). Profit margin: 24% (up from 23% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥1,583 The company is up 3.0% from its price of JP¥1,537 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Annonce • Dec 30
Pro-Ship Incorporated to Report Q3, 2021 Results on Jan 29, 2021 Pro-Ship Incorporated announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 07
New 90-day low: JP¥1,380 The company is down 10.0% from its price of JP¥1,529 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Annonce • Oct 04
Pro-Ship Incorporated to Report Q2, 2021 Results on Oct 30, 2020 Pro-Ship Incorporated announced that they will report Q2, 2021 results on Oct 30, 2020