GAKKYUSHA CO.,LTD.

9769 株式会社学究社

Education & Training Services · Prime · TSE: Disclosed

PRICE: ¥2,516 · MKT CAP: ¥27.3B · P/E: 14.7x · P/B: 3.73x · DIV YIELD: 3.6%

PRICE — 5Y

Characteristics & Business Summary

Gakkyusha Co.,Ltd. operates and manages cram schools in Japan. Its schools offer guidance for entrance exams to junior high schools, high schools, and universities. The company was founded in 1972 and is headquartered in Shibuya, Japan.

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	11,290	12,378	12,986	13,198	13,290
Operating Profit	1,862	2,326	2,761	2,695	2,621
Ordinary Profit	1,786	2,406	2,789	2,715	2,660
Net Profit	1,109	1,510	1,881	1,828	1,863
EPS	¥101	¥138	¥172	¥168	¥171
DPS	¥65	¥75	¥87	¥87	¥90

Balance Sheet & Valuation Highlights

Total Assets ¥12B

Net Assets (Equity) ¥7B

Equity Ratio 60.3%

ROE (Return on Equity) 25.3%

Cash & Equivalents ¥3B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥0B

Major Shareholders

1. ケイエスケイケイ株式会社 36.6%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 7.9%
3. Custody Bank of Japan, Ltd. (Trust Account) 2.1%
4. SMBC Nikko Securities Inc. 2.0%
5. 河端真一 1.9%
6. Fidelity Investments 1.7%
7. Nomura Trust and Banking Co., Ltd. 1.0%
8. ヨシダトモヒロ 0.6%
9. 水野愛 0.5%
10. 学究社役員持株会 0.5%

Activist Activity

Shinichi Kawabata 38.16%

2025-01-09 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥1,029	¥1,129	¥1,184	¥1,214	¥1,223
FCF/Share	¥112	¥123	¥163	¥176	¥157
EPS	¥101	¥138	¥172	¥168	¥171
DPS	¥65	¥75	¥87	¥87	¥90
Capital Spending per share	¥62	¥53	¥75	¥26	¥49
Book Value per share	¥383	¥450	¥527	¥592	¥677
Common Shares Outstanding	11M	11M	11M	11M	11M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥11B	¥12B	¥13B	¥13B	¥13B
Operating Margin (%)	16.5%	18.8%	21.3%	20.4%	19.7%
Net Profit (owners)	¥1B	¥2B	¥2B	¥2B	¥2B
Net Profit Margin (%)	9.8%	12.2%	14.5%	13.8%	14.0%
Working Capital	¥-3B	¥-3B	¥-3B	¥-2B	¥-1B
Total Debt (Interest-bearing)	¥3B	¥2B	¥2B	¥1B	¥1B
Net Worth (Common Equity)	¥4B	¥5B	¥6B	¥6B	¥7B
Return on Total Assets (ROA)	11.4%	15.3%	17.6%	16.8%	15.3%
Return on Common Equity (ROE)	26.4%	30.6%	32.5%	28.4%	25.3%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.