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Added to YB: 2024-08-09

Pitch date: 2024-08-08

9560.T [bullish]

PROGRIT Inc.

-21.13%

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 Progrit, an English coaching service; Progrit FOR ENTERPRISE, a custom-made English training for corporations that provides a range of services, including identifying issues, conducting training, and follow-up support; Shadow Ten, a subscription shadowing and correction service to improve listening skills; Spiffle, a subscription service to improve English speaking skills through oral English composition and one-minute speeches; and Dear Talk, an English conversation service.

Market Cap

JPY 10.8B

Pitch Price

JPY 1.1K

Price Target

N/A

Dividend

N/A

EV/EBITDA

5.85

P/E

12.64

EV/Sales

1.12

Sector

Diversified Consumer Services

Category

growth

Show full summary:
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.

Read full article (3 min)