Overview
Services

WASEDA ACADEMY CO.,LTD.

Waseda Academy operates a network of cram schools (juku) primarily targeting students from elementary school (Grade 1) through high school (Grade 3) in the Greater Tokyo Metropolitan Area, including Tokyo, Kanagawa, Saitama, Chiba, and Ibaraki prefectures. The company offers preparatory instruction for middle school, high school, and university entrance examinations through both directly operated schools and franchise-based individual tutoring centers. Its group companies extend the offering to specialized medical/dental/pharmaceutical university exam preparation (Noda Cruise), early childhood education, and instruction for Japanese children studying abroad in London and New York.

Market Cap
¥47.2B
US$301M
EV
¥37.0B
US$236M
Stock¥2,551▲+0.04%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.9
x
LTM EV/EBIT
8.8
x
LTM PER
17.9
x
LTM PBR
3.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
47.2BUS$301MMarket Cap0.52BUS$3.29M+ Debt10.1BUS$64.4M− Cash0.65BUS$4.14M− Inv. Sec.37.0BUS$236MEV
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Performance & Balance
Revenue 5Y (¥B)
28.6US$182M'22/330.7US$196M'23/332.9US$210M'24/335.1US$224M'25/337.7US$240M'26/3
EBITDA 5Y (¥B)
2.91US$18.6M'22/33.38US$21.6M'23/33.93US$25.1M'24/34.70US$30.0M'25/35.13US$32.7M'26/3
Net Income 5Y (¥B)
1.11US$7.07M'22/31.55US$9.90M'23/32.13US$13.6M'24/32.34US$14.9M'25/32.49US$15.9M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.80US$37.0M0.61US$3.89M'22/36.88US$43.9M0.55US$3.52M'23/38.31US$53.0M0.52US$3.32M'24/38.76US$55.9M0.48US$3.08M'25/311.2US$71.7M0.53US$3.35M'26/3
Shareholders
Top 10 hold 65.1%
1
Nagase Brothers Inc.
18.84%
2
Shinichi KAWABATA
10.45%
3
Eishinkan Co., Ltd.
9.92%
4
Fukuyama Sangyo Co., Ltd.
5.13%
5
MEIKO NETWORK JAPAN CO.,LTD.
5.12%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.87%
7
WASEDA ACADEMY CO.,LTD. Employee Stock Ownership Association
4.52%
8
GAKKEN HOLDINGS CO.,LTD.
2.83%
9
Kyoiku Kaihatsu Shuppan Co., Ltd.
1.77%
10
KS Corporation Co., Ltd.
1.61%
Management
9 officers
Yutaka YAMAMOTO
Representative Director, President
Joined the Company Mar 1987 Principal, Waseda Campus Mar 1991 Central Block Manager Oct 1995 General Manager, Operations Department Apr 1997 Director, General Manager, Operations Department Jun 2003 Director, Deputy General Manager, Operations Headquarters and General Manager, Operations Department Jun 2008 Managing Director, General Manager, Operations Headquarters Jun 2016 Senior Managing Director, General Manager, Operations Headquarters and General Manager, Sales Strategy Department Jun 2019 Representative Director, President Mar 2020 (current)
1963-06-30
Makoto ITO
Director, Senior Managing Executive Officer; General Manager, Management Promotion Headquarters; in charge of Academic Affairs Headquarters
Joined the Company Mar 1994 Principal, Nakano-Fujimicho Campus Mar 1997 Block Manager, Headquarters Block Apr 2001 General Manager, University Entrance Examination Department Apr 2014 Representative Director, President, Nomura Gakuen Co., Ltd. Jun 2016 (current) Director, General Manager, University Entrance Examination Department Jun 2016 Representative Director, President, WASEDA ACADEMY UK CO.,LTD. May 2019 (current) Managing Director, General Manager, Management Promotion Headquarters and General Manager, Human Resources Development Department; in charge of Education Business Headquarters and Academic Affairs Headquarters Jun 2019 Representative Director, President, WASEDA ACADEMY USA CO.,LTD. Jul 2019 (current) Senior Managing Director, General Manager, Management Promotion Headquarters; in charge of Education Business Headquarters and Academic Affairs Headquarters Mar 2020 Director, Senior Managing Executive Officer, General Manager, Management Promotion Headquarters Jun 2020 (current); in charge of Academic Affairs Headquarters Jun 2020 (current) Representative Director, President, Youji Mirai Kyoiku Co., Ltd. Apr 2025 (current)
1971-05-01
Yoshihiro AIZAWA
Director, Executive Officer; General Manager, Education Business Headquarters and General Manager, Sixth Business Division
Joined the Company Mar 1995 Principal, Kamifukuoka Campus Mar 1997 Deputy Block Manager, Saitama Block Mar 2005 Block Manager, Josai Block Mar 2010 Deputy General Manager, Education Business Headquarters and General Manager, Second Business Division Apr 2017 General Manager, Second Education Business Headquarters and General Manager, Sixth Business Division Mar 2020 Director, Executive Officer, General Manager, Second Education Business Headquarters and General Manager, Sixth Business Division; in charge of First Education Business Headquarters Jun 2020 Director, Executive Officer, General Manager, Education Business Headquarters and General Manager, Sixth Business Division Mar 2022 (current)
1968-07-26
Takahiro CHIBA
Director, Executive Officer; General Manager, Operations Headquarters
Joined the Company Apr 2005 Chief, Elementary School Division Feb 2006 Specialized Block Manager Mar 2014 General Manager, Academic Affairs Department Mar 2017 Deputy General Manager, Academic Affairs Headquarters and General Manager, Junior High School Entrance Examination Department Apr 2017 General Manager, Academic Affairs Headquarters and General Manager, Junior High School Entrance Examination Department Mar 2019 General Manager, Operations Headquarters and General Manager, Sales Strategy Department Mar 2020 Executive Officer, General Manager, Operations Headquarters and General Manager, Sales Strategy Department Jun 2020 Representative Director, President, Shugakusha Co., Ltd. Jun 2021 (current) Director, Executive Officer, General Manager, Operations Headquarters Jun 2022 Director, Executive Officer, General Manager, Operations Headquarters and General Manager, Digital Solutions Department Jan 2025 Director, Executive Officer, General Manager, Operations Headquarters Aug 2025 (current)
1980-08-15
Seiji KAWAMATA
Director
Joined Toyo Information Systems Co., Ltd. (now TIS Inc.) Apr 1972 Director and President, TOYO INFORMATION SYSTEMS (NY) CO.,LTD. Feb 1991 Director and President / CEO, OBERON SOFTWARE, INC. Nov 1996 Director and President, TIS R&D CENTER, INC. Jan 2001 Managing Director, General Manager, Management Administration Headquarters, S.E. Lab Co., Ltd. Jun 2003 Chief Representative, Beijing Representative Office, TIS Inc. Aug 2007 Full-time Audit & Supervisory Board Member, TIS Inc. Jun 2010 Outside Director, the Company Jun 2014 (current)
1949-07-02
Wakako MITANI
Director
Registered as attorney-at-law (Daiichi Tokyo Bar Association) Apr 2000 Joined Tanabe Sogo Law Office Jul 2001 Partner, Tanabe Sogo Law Office Apr 2012 Outside Audit & Supervisory Board Member, Taiheiyo Cement Corporation Feb 2018 (current) Vice President, Daiichi Tokyo Bar Association Apr 2023 Outside Audit & Supervisory Board Member, Seikagaku Corporation Jun 2023 (current) Outside Director, the Company Jun 2024 (current) Joined Rodem Sogo Law Office as Partner Sep 2024 (current)
1974-01-04
Yoko KONO
Director (Full-time Audit and Supervisory Committee Member)
Joined the Company Mar 1982 Principal, Nakamurabashi Campus Sep 1985 General Manager, General Affairs Department Sep 1987 Deputy General Manager, Administration Headquarters and General Manager, General Affairs Department Apr 2000 Director, Deputy General Manager, and General Manager, General Affairs Department Jun 2005 Managing Director, General Manager, Administration Headquarters and General Manager, General Affairs Department Jun 2013 Senior Managing Director, General Manager, Administration Headquarters and General Manager, General Affairs Department Jun 2016 Managing Director, in charge of Administration Division Mar 2020 Director, Managing Executive Officer, General Manager, Administration Headquarters Jun 2020 Director (Full-time Audit and Supervisory Committee Member) Jun 2023 (current)
1957-04-14
Masayuki HARAGUCHI
Director (Audit and Supervisory Committee Member)
Registered as certified public accountant Apr 1996 Registered as attorney-at-law Apr 2000 Established Haraguchi Sogo Law Office (now Eiwa Law Office), Representative Jan 2004 (current) Outside Audit & Supervisory Board Member, the Company Jun 2008 Outside Audit & Supervisory Board Member, MRT Inc. Oct 2011 (current) Outside Director (Audit and Supervisory Committee Member), Transas Inc. (now Traas On Product Inc.) Feb 2016 (current) Outside Director (Audit and Supervisory Committee Member), the Company Jun 2017 (current) Outside Audit & Supervisory Board Member, Cypress Holdings Co., Ltd. Jun 2024 (current)
1961-05-09
Takayoshi FUSEKI
Director (Audit and Supervisory Committee Member)
Joined Tsuji Audit Office, Audit Corporation Sep 1976 Registered as certified public accountant Mar 1983 Partner, Misuzu Audit Corporation Jun 1988 Representative Partner, Misuzu Audit Corporation Sep 1997 Representative Partner, Shin Nihon Audit Corporation (now EY ShinNihon LLC) Jul 2007 Outside Director (Audit and Supervisory Committee Member), the Company Jun 2017 (current) Outside Audit & Supervisory Board Member, Soken Chemical & Engineering Co., Ltd. Jun 2017 Outside Audit & Supervisory Board Member, Alpha Systems Inc. Jun 2018 Outside Director, Soken Chemical & Engineering Co., Ltd. Jun 2021 (current) Outside Director, Alpha Systems Inc. Jun 2022 (current)
1955-03-03
Large Shareholding Reports
Fukuyama Sangyo Co., Ltd.
2026-08-06
5.02%→1.86%
Annual report (as of 2026-03-31): 5.13%
Shinichi KAWABATA
2026-06-23
10.06%→11.07%
Annual report (as of 2026-03-31): 10.45%
Eishinkan Co., Ltd.
2026-05-15
10.98%→9.63%
Annual report (as of 2026-03-31): 9.92%
Shinichi KAWABATA
2026-04-15
9.06%→10.06%
Annual report (as of 2026-03-31): 10.45%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-06
Large Shareholding Report
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-23
Large Shareholding Report
TDnet
2026-05-29
株主総会招集通知
EDINET
2026-05-15
Large Shareholding Report
EDINET
2026-04-15
Large Shareholding Report
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-05
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-06
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINETAmended
2022-06-24
Amended Annual Securities Report
EDINETAmended
2022-06-24
Amended Annual Securities Report
EDINETAmended
2022-06-24
Amended Annual Securities Report
Period: Apr 2016 – Mar 2017
EDINETAmended
2022-06-24
Amended Annual Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINETAmended
2022-06-24
Amended Annual Securities Report
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