ProShip Inc. (TSE: 3763), one of Japan's leading developers of fixed-asset-management software for large enterprises, reported a strong full-year result for the 12 months ended March 31, 2026, in figures disclosed on May 15, 2026. Consolidated revenue rose 10.7% year-on-year to ¥8,374 million, while operating profit jumped 26.7% to ¥2,925 million, ordinary profit climbed 26.4% to ¥3,074 million, and net profit attributable to owners advanced 15.2% to ¥2,224 million, up from ¥1,930 million a year earlier. Earnings per share came in at ¥88.35 (diluted ¥87.18), against ¥78.03 on a split-adjusted basis.
Profit grew faster than revenue, lifting the operating margin to roughly 34.9% and underscoring the operating leverage in the company's packaged-software model. Return on equity reached 22.1%, an unusually high figure for a Japanese small-cap and a reflection of the high recurring-margin nature of ProShip's enterprise-systems franchise.
"ProPlus" asset-management package drives growth
ProShip develops and sells the "ProPlus" fixed-asset-management and accounting-systems software package aimed at large enterprises, where it ranks among Japan's leading fixed-asset systems. Demand for the package continued to expand over the year as companies modernised legacy accounting infrastructure and tightened control over fixed-asset and lease data. The combination of new-license sales and steady maintenance and support revenue powered the double-digit top-line gain, while disciplined cost management allowed the bulk of the incremental revenue to drop through to operating profit.
Balance sheet stays robust; stock split completed
ProShip closed the year with total assets of ¥14,239 million and net assets of ¥11,403 million, giving a very strong equity ratio of 80.1% and book value per share of ¥442.88. Operating cash flow was ¥2,765 million and cash and equivalents stood at ¥4,016 million, leaving the company essentially debt-light and well capitalised. Effective October 1, 2025, ProShip carried out a 2-for-1 stock split; all per-share figures in this report are restated on a post-split basis to allow like-for-like comparison.
Dividend raised; FY2027 guidance points to double-digit growth
For the year just ended, ProShip set a year-end dividend of ¥40.00 per share on a post-split basis (¥35 ordinary plus a ¥5 commemorative payout), totalling ¥1,029 million and equivalent to a payout ratio of 45.3%. For the fiscal year ending March 2027, the company forecasts revenue of ¥10,000 million (+19.4%), operating profit of ¥3,250 million (+11.1%), ordinary profit of ¥3,350 million (+9.0%) and net profit of ¥2,350 million (+5.7%), equivalent to EPS of ¥91.27. It also guided for a higher annual dividend of ¥42.00, a payout ratio of about 46.0%, continuing its shareholder-return progression.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 8,374 | 7,564 | +10.7% |
| Operating profit (¥ million) | 2,925 | 2,309 | +26.7% |
| Ordinary profit (¥ million) | 3,074 | 2,431 | +26.4% |
| Net profit (¥ million) | 2,224 | 1,930 | +15.2% |
| EPS (¥) | 88.35 | 78.03 | +13.2% |
| ROE | 22.1% | — | — |
| Operating margin | 34.9% | 30.5% | +4.4pp |
| Total assets (¥ million) | 14,239 | — | — |
| Net assets (¥ million) | 11,403 | — | — |
| Equity ratio | 80.1% | — | — |
| Annual dividend (¥) | 40.00 | — | — |
| FY2027 guidance — revenue (¥ million) | 10,000 | — | +19.4% |
| FY2027 guidance — operating profit (¥ million) | 3,250 | — | +11.1% |
| FY2027 guidance — net profit (¥ million) | 2,350 | — | +5.7% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.