Research and commercial trawl catches of humpback shrimp Pandalus hypsinotus from the Tatar Strait (Japan Sea) in 2004–2020 were investigated, with bioanalysis of about 45 thousand specimens. Average timing of group molting, spawning, and eggs laying are determined, terms of gonads and eggs development are estimated. Prespawning and molting of the females occur between January-April, with the peaks in early February and middle February, respectively. All oviparous females have 30–40 days to lay eggs, and molt during 50–55 days; the peak of the eggs laying occurs in late June. The males molt in July-August, afterwards the largest individuals change gender and new intersexes are formed. The males have the second molting in October-December, with the peak in late November. In January, after finish of the males molting, a new annual reproduction cycle starts from the prespawning molting of females. Both vitellogenesis and embryogenesis are observed through the year, though females with developing gonads prevail from August to January (because of a long time span between winter and summer moltings while the egg carrying continued 15 months) but oviparous females — from February to July. The individual reproductive cycle of Pandalus hypsinotus in the Tatar Strait lasts 24 months, with 9 months of vitellogenesis (quick growth of gonads) and 15 months of embryogenesis. During the 2-year reproductive cycle, most of females pass through the following stages: i) gonads development (just after eggs laying) when almost all oviparous females (up to 95 % in May) have green gonads under carapace that corresponds to the stage of development «eggs laid — gonads weakly developed»; ii) summer molting from August when females lose hairs on pleopods and the gonads growth accelerates; iii) respawning in January-March (together with the firstly spawning intersexes, with slight delay of the latter); iv) initial developing of eggs during summer; v) stage of «eyed eggs» from December to March; and vi) eggs laying and molting from late March to late May; then the 2-year reproductive cycle repeats.