#Japan #Osaka #ProShip #ProPlus+ #Toyobo

ProShip's Partnership with Toyobo for Lease Accounting Compliance

In a significant move to comply with emerging lease accounting standards, Toyobo Co., Ltd., a leading manufacturer with a rich heritage in the polymer technology industry since 1882, has chosen ProShip's SaaS solution, ProPlus+. This adoption marks an essential step in ensuring that Toyobo meets the stringent requirements set forth in the new lease accounting guidelines that are set to come into force.

Toyobo operates across diverse sectors such as films, life sciences, environmental materials, and textiles, necessitating a sophisticated and adaptable system to manage complex business needs. With its robust history in high-function products, it's crucial for Toyobo to implement a solution that aligns seamlessly with its multifaceted operations. The decision to employ ProPlus+ underscores ProShip's capabilities as a specialized vendor with a strong track record and reliable proposal insights.

Selection Process and Criteria

The selection of ProPlus+ was the result of an extensive comparison with multiple products available in the market. Several factors highlighted ProPlus+ as the optimal choice:

1. Proven Track Record: ProPlus+ boasts over 100 successful implementations in compliance with IFRS 16 (Leases), establishing a firm trust in the system and the vendor.
2. Rich Functionality: ProPlus+ has been designed to incorporate accumulated knowledge and insights from its extensive implementations, offering a comprehensive set of features that address the complexities of lease management.
3. High Accuracy in Functionality Requirements: During the evaluation process, ProShip demonstrated exceptional precision in addressing specific functional needs, proving to be a trusted partner capable of navigating complex regulatory practices.

Impacts and Future Outlook

By integrating ProPlus+, Toyobo will establish a tailored system environment designed to meet its operational requirements. This paves the way for a streamlined approach to adhering to the new lease accounting standards, enhancing efficiency and precision across all lease management operations. Leveraging the extensive functionality of ProPlus+, Toyobo anticipates not only improved compliance but also an overall upgrade in operational performance.

ProShip is dedicated to maximizing its advanced functionality and support as a specialized vendor focused on asset management. It will play a vital role in facilitating the successful deployment of the new system within Toyobo. Furthermore, ProShip is committed to offering valuable solutions through ProPlus+ to other companies grappling with the challenges of choosing a compatible system for the new standards, thereby contributing to a strengthened business foundation across the industry.

ProShip's Future Support Initiatives: ProShip Future Support Project

ProShip is not only focused on facilitating transitions to comply with the new lease accounting standards by April 2027 but is also synchronizing these efforts with strategic CSR initiatives through its ProShip Future Support Project. Launched in November 2025, this program pledges a donation of 10,000 yen to the Japanese Red Cross for every major corporation (with sales exceeding 100 billion yen) that adopts ProPlus+ in compliance with the new rules. Through this initiative, ProShip aims to balance corporate growth with social contribution, striving for increased corporate value and societal impact.

Since the project commenced, ProShip has successfully onboarded a total of 301 major corporations as of May 2026, generating donations amounting to 3,010,000 yen to the Japanese Red Cross. This showcases the company's commitment to integrating business success with social responsibility, ensuring a positive contribution to the community.

Conclusion

As ProShip continues to support various sectors with innovative solutions like ProPlus+, the company's experience and thorough understanding of the dynamic landscape of lease management will empower businesses to navigate the complexities of the new lease accounting regulations effectively. ProShip's commitment to providing comprehensive support not only alleviates operational burdens but also drives impactful corporate citizenship, securing a prosperous future for both the companies it serves and the communities they impact.