#Japan #Tokyo #Lease Accounting #ProShip #First Accounting

ProShip's Strategic Alliance with First Accounting

In an ambitious move towards advancing efficiency in lease accounting, ProShip, a leading company in asset management solutions, has established a partnership with First Accounting, an innovative player in accounting AI technology. This collaboration, formalized in a capital and business agreement on February 13, 2026, aims to enhance the automation of input tasks related to the forthcoming lease accounting standards. These new standards, set to be enforced in April 2027, are expected to significantly increase the volume of lease contracts businesses must manage.

Background of the Partnership

ProShip has always held the principle of "Speciality for Customer" at its core, striving to provide the best solutions for fixed asset management globally. The collaboration with First Accounting, which specializes in high-level AI technologies for reading contracts and generating journal entries, was the result of discussions initiated in August 2025. Both companies recognized a mutual need to address the increasing demands of accounting as the new standards approach, leading to the sharing of resources and expertise to maximize the potential for synergy.

Key Initiatives of the Collaboration

The main focus of this partnership is to streamline the automation and efficiency concerning the new lease accounting regulations. By combining ProShip’s fixed asset management solutions with First Accounting’s cutting-edge AI technologies, an integrated AI platform will be developed. This platform will primarily focus on the identification and input of contract information, thus alleviating the workload anticipated in the wake of the new regulations.

Moreover, leveraging their established customer networks, ProShip and First Accounting will engage in reciprocal marketing efforts to promote the collaborative solutions and expand their client base, ultimately fostering growth for both organizations.

Overview of the Capital Partnership

The alliance signifies not just a temporary business collaboration, but a commitment through capital partnership aimed at long-term solution development. As part of this agreement, ProShip plans to allocate 319,500 shares (approximately 1.27% of issued shares), amounting to ¥500 million, to First Accounting. Additionally, ProShip is set to acquire shares valued at around ¥500 million in First Accounting over the span of March to June 2026. This investment secures a stable foundation for joint efforts and solidifies the partnership, promoting shared decision-making and resource allocation.

Future Prospects

However, the implications of this partnership extend beyond mere compliance with the new lease accounting standards. ProShip aims to deepen its collaboration with First Accounting and merge accounting data with asset information from factories and stores. Such a shift will pivot management practices from a solely financial focus to a more comprehensive asset management perspective. This approach enables the construction of a value-driven management platform centered around assets, thus advancing ProShip’s objective of creating the world’s premier fixed asset management solution.

ProShip’s Future Support Project

In conjunction with the partnership, ProShip has also launched the "ProShip Future Support Project," which encourages large enterprises to comply with the new regulations while fostering corporate social responsibility (CSR). Starting from November 2025, each company engaging with ProShip’s solutions will generate contributions to the Japanese Red Cross, embodying ProShip’s commitment to blending business with social value.

ProShip’s core product, the "ProPlus" series, has over three decades of experience in addressing complex lease accounting needs and is recognized as a leading solution in Japan, utilized by over 5,500 corporations across various industries. The developments within this alliance, along with new offerings like "ProPlus for Electric Power Company" and the SaaS solution "ProPlus＋," highlight ProShip's dedication to delivering specialized services to enterprises around the globe.

As this partnership unfolds, ProShip is poised not only to meet the immediate challenges posed by the new lease accounting standards but also to redefine fixed asset management across industries, reinforcing its role as a leader in this vital sector.