Added to YB: 2024-08-09
Pitch date: 2024-08-08
9560.T [bullish]
PROGRIT Inc.
-17.72%
current return
Author Info
JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.
Company Info
PROGRIT Inc. provides English coaching and subscription-based English learning services in Japan. It offers courses, such as business English conversation, beginner, TOEIC L&R, and TOEFL iBT TEST/IELTS.
Market Cap
JPY 15.2B
Pitch Price
JPY 1.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.45
P/E
38.77
EV/Sales
3.12
Sector
Diversified Consumer Services
Category
growth
ProGrit Inc. : A new hope for Japan’s English learners
PROGRIT (9560.T): Japan's innovative English coaching co. 34% CAGR 2018-23, 48.8% rev growth. Q3 FY24: record sales, margins, op profit. FY24 forecast: ¥4.25B rev (+40.6%), ¥750M op profit (+50.9%). 16k students, 7k SHADOTEN users. High satisfaction & continuation rates. Risks: competition. 44% ROE, 36.3% ROIC. ¥15B market cap.
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