WASEDA GAKUSHUKENKYUKAI CO.,LTD.

5869 株式会社早稲田学習研究会

Education & Training Services · Standard · TSE: Disclosed

PRICE: ¥1,200 · MKT CAP: ¥12.3B · P/E: 11.7x · P/B: 1.73x · DIV YIELD: 4.6%

PRICE — 5Y

Characteristics & Business Summary

Waseda Gakushukenkyukai Co.,Ltd. mainly engaged in the management of the cram school business for elementary, junior high, and high school students in Japan. The company also offers elementary, junior high, high school, and junior and senior high school...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2023	FY 2024
Net Sales	6,463	6,987
Operating Profit	1,453	1,493
Ordinary Profit	1,437	1,509
Net Profit	1,073	1,039
EPS	¥105	¥102
DPS	¥53	¥55

Balance Sheet & Valuation Highlights

Total Assets ¥9B

Net Assets (Equity) ¥7B

Equity Ratio 75.3%

ROE (Return on Equity) 14.8%

Cash & Equivalents ¥4B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥0B

Major Shareholders

1. 株式会社ＹＭＭ（注） 44.8%
2. 吉原俊夫 17.3%
3. 三木正浩 1.1%
4. 岩渕拓 0.8%
5. 株式会社ＤＭＭ．ｃｏｍ証券 0.8%
6. BNY Mellon (Nominee) 0.7%
7. Ueda Yagi Tanshi Co., Ltd. 0.6%
8. ワセダ従業員持株会 0.5%
9. 吉田幸次郎 0.5%
10. 協和青果株式会社 0.4%

Activist Activity

Toshio Yoshihara 61.59%

2025-11-07 · correction

Toshio Yoshihara 61.59%

2025-11-04 · change

Toshio Yoshihara 61.59%

2024-01-25 · change

Toshio Yoshihara 66.6%

2023-12-27 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2023	FY 2024
Revenues per share	¥633	¥684
FCF/Share	¥42	¥56
EPS	¥105	¥102
DPS	¥53	¥55
Capital Spending per share	¥57	¥67
Book Value per share	¥667	¥687
Common Shares Outstanding	10M	10M

Financial Aggregates & Margins

Financial Aggregate	FY 2023	FY 2024
Revenues (Net Sales)	¥6B	¥7B
Operating Margin (%)	22.5%	21.4%
Net Profit (owners)	¥1B	¥1B
Net Profit Margin (%)	16.6%	14.9%
Working Capital	¥3B	¥2B
Total Debt (Interest-bearing)	¥0B	¥0B
Net Worth (Common Equity)	¥7B	¥7B
Return on Total Assets (ROA)	12.0%	11.2%
Return on Common Equity (ROE)	15.8%	14.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.