Proship

Basic Information

Stock Code
3763
Industry
Information and Communications Industry
Category Detail
Systems & Software
Prefecture
Tokyo
Establishment Year
April 1969
Listing Year
March 2005
Official Website
https://www.proship.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Cube System, Win Partners, Soft Create Holdings, System Research, SRA Holdings, eBase, Avantage Group, Money Forward, freee, Oracle Japan, OBIC Business Consultants, Business Engineering, Human Technologies, Kanaden, PCA, TKC, STEP, Asahi Information Service, Miroku Information Service

Overview

Proship is a software development company in the information and communications industry founded in 1969, boasting the top domestic market share in fixed asset management software and excelling in the development of advanced accounting package systems.

Current Situation

Proship recorded consolidated sales of approximately 5.05 billion yen and net profit of approximately 1.036 billion yen for the fiscal year 2020, with a stable financial position. Its flagship fixed asset management software holds the top domestic market share, establishing a leadership position in the accounting package system market. In recent years, it has strengthened system development for new standards compliance and cloud compatibility, flexibly adapting to industry changes. It is actively pursuing technological innovations aimed at improving quality and efficiency. It is also focusing on sustainability, promoting development that considers energy efficiency and reduced environmental impact. In the medium to long term, it plans to strategically expand its customer base and enter new areas by riding the wave of digitalization. It has a Saga office in the regions to strengthen community-based services. It continues solid management while being mindful of social credibility.

Trivia

Interesting Facts

  • Maintained top domestic share in fixed asset management software for over 45 years
  • Proship products adopted by numerous public institutions
  • Received the Porter Prize in 2017 for highly evaluated management strategy
  • Extensive experience in joint ERP development with peer companies
  • Strong long-term customer relationships with extremely low churn rate
  • Introduced innovative user interfaces in accounting package market
  • Active contributions to regional IT talent development
  • Product design adaptable from SMEs to large enterprises
  • Proprietary lease accounting functions occupy a corner of industry standards
  • Established rapid release system compliant with strict accounting regulations
  • Major products feature multilingual support, exploring overseas expansion
  • Enhanced operational efficiency through AI and RPA adoption
  • Emphasizing corporate social responsibility with environmentally considerate management
  • Highly rated software design with flexible customization
  • Renowned customer support with high renewal contract rates

Hidden Connections

  • Strengthened collaboration on large-scale projects with major shareholder NSD Group
  • Has a subsidiary specialized in IT support for regional SMEs
  • Delivered numerous systems for complex accounting processes in the financial sector
  • Collaborates with specialized partner companies on asset management products for manufacturing
  • Successfully accumulated industry-leading expertise during lease accounting standards amendments
  • Parts of IPO support systems provided as OEM to competitors
  • Board includes long-time experts in accounting systems
  • Provides packages for non-profits like social welfare corporations

Future Outlook

Growth Drivers

  • Increasing demand for accounting and asset management software due to DX promotion
  • Market expansion accompanying IT budget growth in SMEs
  • Acceleration of migration to cloud services
  • Rising needs for compliance with legal amendments and standards changes
  • Functional innovations through AI and machine learning utilization
  • Promotion of IT adoption in regional companies and new customer acquisition
  • Growth in B2B SaaS market
  • Demand for advanced accounting management tools in finance
  • IT support needs for sustainable management promotion
  • Overseas market entry with multilingual support
  • Demand for e-governance compliant systems
  • Sales expansion through strengthened partnerships

Strategic Goals

  • Achieve 50% domestic fixed asset management market share
  • Realize over 2 billion yen in annual cloud ERP sales
  • Promote industry standardization of new lease accounting compliance
  • Company-wide rollout of AI and RPA-equipped product lineup
  • Full-scale overseas market entry achieving 10% of sales
  • Expand environmentally focused IT products with sustainability emphasis
  • Maintain over 90% customer satisfaction using digital technologies
  • Enhance technological capabilities through talent development
  • Efficiency gains via business process automation
  • Complete multilingual support for major products

Business Segments

Fixed Asset Management Systems

Overview
Provides fixed asset management systems covering ledger management to depreciation for large-scale assets.
Competitiveness
Top domestic track record and extensive customization experience.
Customers
  • Manufacturing
  • Distribution
  • Financial institutions
  • Public institutions
  • Real estate management companies
  • Universities and research institutions
  • Medical institutions
Products
  • ProPlus Series
  • AssetMaster
  • Fixed asset management customization services

Accounting and Finance Packages

Overview
Develops efficient and accurate accounting packages specialized in accounting processes and financial analysis.
Competitiveness
Speed of compliance with legal amendments and user-friendly design.
Customers
  • Mid-sized companies
  • Accounting firms
  • Financial institutions
  • IT-related companies
  • Retail
  • Services
Products
  • ProAccounting
  • ProFinance
  • Lease accounting systems

Cloud ERP Solutions

Overview
Provides integrated business systems in cloud environments to enable flexible operations.
Competitiveness
Rapid implementation and highly scalable cloud infrastructure.
Customers
  • Small and medium-sized enterprises
  • IT companies
  • Manufacturing
  • Distribution
  • Sales companies
  • Services
Products
  • ProCloud ERP
  • SmartERP
  • Cloud operation support

Lease Accounting Compliant Systems

Overview
Specialized systems compliant with new lease accounting standards to support contracts and accounting processes.
Competitiveness
High-precision standards compliance reflecting specialized knowledge.
Customers
  • Leasing companies
  • Financial institutions
  • Manufacturing
  • Real estate
  • Trading companies
Products
  • LeasePro
  • LeaseManager

Financial Analysis and Consulting Tools

Overview
Aims to improve the quality of management decisions through financial data analysis support tools.
Competitiveness
Integration of diverse data sources and comprehensive visualization functions.
Customers
  • Business planning departments
  • Accountants
  • Consulting firms
  • Financial analysts
Products
  • FinanceAnalyzer
  • ProfitInsight

Customization Development Services

Overview
Custom software development and operational support tailored to customer needs.
Competitiveness
High-quality development capabilities based on years of experience.
Customers
  • Large enterprises
  • Government agencies
  • Educational institutions
Products
  • System design
  • Operation customization
  • Maintenance support

IT Infrastructure Support

Overview
24/7/365 operational support to ensure stable system operation.
Competitiveness
Rapid response and high reliability.
Customers
  • Corporate IT departments
  • Service providers
Products
  • System operation monitoring
  • Troubleshooting
  • Backup solutions

Education and Training Services

Overview
Specialized education and training programs to promote product utilization.
Competitiveness
Content closely aligned with on-site needs.
Customers
  • Corporate training staff
  • IT education institutions
Products
  • System operation training
  • Accounting standards training
  • Customer support training

Legal Amendment Compliance Services

Overview
Support for rapid compliance with amendments to accounting and lease standards.
Competitiveness
Specialized regulatory knowledge and swift response capabilities.
Customers
  • Existing customer companies
  • New customers
Products
  • System updates
  • Operation follow-up
  • Consulting

Overseas Expansion Support Services

Overview
Supports business systems for companies expanding into overseas markets.
Competitiveness
Integration of Japanese base with overseas needs.
Customers
  • Global companies
  • Overseas subsidiaries
  • Companies planning expansion
Products
  • Multilingual systems
  • Local law compliance
  • Localization services

Competitive Advantage

Strengths

  • Top domestic market share in fixed asset management software
  • High specialized technical and system development capabilities
  • Rapid legal amendment response system
  • Stable financial foundation
  • Extensive implementation track record and customization capabilities
  • Broad industry knowledge and customer response capabilities
  • Long-term customer trust
  • Promotion of digitalization and cloud compatibility
  • High-quality customer support
  • Robust information security system
  • Industry-specific product development capabilities
  • Flexible system scalability
  • Comprehensive training and education system
  • Strong network with partner companies
  • Community-based service deployment

Competitive Advantages

  • Optimal solutions tailored to customer needs in fixed asset management
  • Rapid compliance with new lease accounting standards and regulatory support unmatched by competitors
  • Reliable product lineup backed by extensive market experience
  • Market leadership through adoption of latest technologies like cloud ERP
  • Custom development reflecting deep understanding of client operations
  • Flexible product design adaptable to diverse industries
  • Well-established support system and close-knit maintenance services
  • Product development strong in solving issues for both management and on-site staff
  • Value enhancement through integration with management analysis tools
  • Accurate capture of business reform needs among mid-sized and small domestic enterprises
  • Numerous proprietary features born from high technical expertise
  • Close relationships with customers built through regional bases
  • Early response capabilities for sustainable system development
  • Higher customization level compared to competitors
  • Strengthened sales and service networks through broad partnerships

Threats

  • Intense price competition from rivals in accounting and ERP markets
  • Shifts in demand for existing on-premise products due to cloud migration
  • Pressure from technological and market innovations by new IT entrants
  • Rising compliance costs from increasing frequency of legal amendments
  • Risk of contract reductions due to client IT budget cuts or economic fluctuations
  • Risk of system failures from growing cyber security threats
  • Decline in development capabilities due to fierce talent competition and engineer shortages
  • Market share erosion from low-price competition by overseas system services
  • Delays in strategic partnerships with cloud vendors
  • Uncertainty in B2B investments due to economic changes
  • Risk of delays in responding to rapid technological evolution
  • Increased product development burden from diversifying client operational needs

Innovations

2024: Release of Cloud Version Fixed Asset Management Software

Overview
Newly developed cloud-compatible version of asset management software, enhancing convenience and scalability.
Impact
Customer base increased by approximately 20%, achieving an annual sales increase of 1 billion yen.

2023: Update to Lease Accounting New Standards Compliant System

Overview
Renewed accounting system fully compliant with new lease accounting standards, strengthening regulatory adherence.
Impact
90% of major customers migrated to the new system, maintaining market competitiveness.

2022: Introduction of AI Financial Analysis Tool

Overview
Developed management decision support tool utilizing AI for financial data analysis.
Impact
Improved client decision-making speed by 30%.

2021: Enhancement of Cloud ERP Package

Overview
Updated cloud ERP for SMEs, improving operability and functionality.
Impact
Annual monthly users increased by 15%.

2020: Development of Security-Enhanced Platform

Overview
Built new platform to improve internal controls and information security.
Impact
Achieved improved satisfaction among key customers and 95% contract renewal rate.

Sustainability

  • Software development with energy-saving design
  • Promotion of paperless operations and digitization
  • CO2 reduction through remote work promotion
  • Adoption of environmentally considerate server operations
  • Environmental awareness activities in internal education
  • Support for sustainable businesses in local communities
  • Promotion of renewable energy use
  • Participation in green IT promotion projects
  • Implementation of waste reduction programs
  • Strengthening environmental management in supply chains
  • Annual publication of environmental reports
  • Ongoing creation of comfortable workplace environments