Overview
Services

SPRIX Inc.

SPRIX Inc. is a comprehensive education services group operating multiple tutoring and learning brands across Japan. Its core businesses include 'Mori Juku,' a 249-school individual tutoring chain offering a grade improvement guarantee, and 'Shonan Seminar,' a 200-school group instruction cram school centered in Kanagawa Prefecture, along with franchise operations of 'Kawaijuku Manavis' video-based university prep schools. The group also develops and sells proprietary educational materials ('Foresta' series), operates online tutoring ('Sorajuku'), franchise-based self-directed learning centers ('Jiritu Gakushu RED'), programming education services ('QUREO'), AI tablet-based learning tools, and language schools including Japanese, English, and Chinese language programs.

Market Cap
¥17.4B
US$111M
EV
¥11.8B
US$75.6M
Stock¥983▼-1.01%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.4
x
LTM EV/EBIT
4.1
x
LTM PER
11.1
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Stock rise on positive earnings
2Aug 10, 26Q3 FY2026/09 earnings announced
MC → EV Bridge
17.4BUS$111MMarket Cap1.34BUS$8.54M+ Debt6.21BUS$39.6M− Cash0.64BUS$4.06M− Inv. Sec.11.8BUS$75.6MEV
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Performance & Balance
Revenue 5Y (¥B)
25.9US$165M'21/929.4US$187M'22/930.4US$194M'23/931.9US$203M'24/935.1US$224M'25/9
EBITDA 5Y (¥B)
3.11US$19.8M'21/93.60US$22.9M'22/92.16US$13.8M'23/91.85US$11.8M'24/92.80US$17.8M'25/9
Net Income 5Y (¥B)
1.47US$9.36M'21/91.61US$10.2M'22/90.56US$3.58M'23/90.50US$3.19M'24/91.09US$6.93M'25/9
Capital Structure
88%
EquityD/E 0.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.24US$39.8M1.82US$11.6M'21/95.96US$38.0M1.45US$9.27M'22/96.03US$38.4M1.84US$11.8M'23/95.64US$35.9M1.51US$9.62M'24/97.05US$45.0M1.14US$7.30M'25/9
Shareholders
Top 10 hold 81.6%
1
Flatstone Co., Ltd.
48.60%
2
Hiroyuki TSUNEISHI
8.93%
3
WILL FIELD CAPITAL PTE.LTD. (Standing Proxy: Mita Securities Co., Ltd.)
7.15%
4
Michi NAKANO
5.09%
5
Akira HIRAISHI
4.11%
6
SPRIX Inc. Employee Stock Ownership Association
2.22%
7
WILL FIELD CAPITAL PTE.LTD (Standing Proxy: Tachibana Securities Co., Ltd.)
1.70%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.64%
9
Daisuke SEIBAN
1.33%
10
Nomura Securities Co., Ltd.
0.82%
Management
7 officers
Hiroyuki TSUNEISHI
Representative Director, President
Apr 1994 Joined Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Mar 2004 Appointed Director of the Company Dec 2007 Appointed Deputy President of the Company Dec 2018 Appointed Representative Director, President of the Company (current)
1971-04-23
Akira HIRAISHI
Director, Responsible for Business Division
Apr 1987 Joined Nagaoka Daiichi Seminar Apr 1992 Joined Shinyo School Co., Ltd. Apr 1995 Joined NSG Academy Co., Ltd. Jan 1997 Established the Company; appointed Representative Director, President Jan 2012 Appointed Director, SPRIX Hong Kong Limited. Apr 2012 Appointed Director, Peilei Investment Management Consulting (Shanghai) Co., Ltd. Dec 2018 Appointed Director of the Company (current) Dec 2018 Responsible for Business Division of the Company (current)
1964-11-20
Toshihide HIRAI
Director, Responsible for Corporate Division
Apr 1998 Joined Aim Services Co., Ltd. Feb 2000 Joined the Company Oct 2003 General Affairs Section Manager, General Affairs Department of the Company Dec 2008 Appointed Director of the Company (current) Dec 2015 Responsible for Individual Tutoring Business Division of the Company Dec 2018 Responsible for Corporate Division of the Company (current)
1974-12-09
Yoshiaki SUGAI
Director
Apr 1985 Joined Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Apr 2012 Joined Mitsubishi UFJ Capital Co., Ltd. Jun 2016 Executive Officer, Mitsubishi UFJ Capital Co., Ltd. Jun 2022 Director, Mitsubishi UFJ Capital Co., Ltd. Jul 2023 CVC Advisor, Asuka Pharmaceutical Co., Ltd. (current) Dec 2023 Appointed Director of the Company (current)
1961-05-11
Yoshinobu AKAZAWA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1996 Joined Fujita Kanko Inc. Aug 2000 Joined Pasona Tech Inc. Jan 2006 Joined MOVIDA HOLDINGS Co., Ltd. Apr 2007 Joined ABC Cooking Studio Co., Ltd. Apr 2008 Appointed Representative Director, ABC Style Co., Ltd. Jan 2010 Joined the Company; Human Resources Department Manager Oct 2016 Appointed Internal Audit Office Manager of the Company Dec 2020 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1972-10-07
Tsuyoshi MATSUURA
Director (Audit and Supervisory Committee Member)
Apr 1993 Joined Tokyo Bank, Ltd. (now MUFG Bank, Ltd.) Jan 1998 Joined GLOBIS Corporation Jan 2001 Joined Entrepia Inc. Jun 2002 Established Will Mits Ltd.; appointed Representative Director (current) Nov 2006 Established Process Lab Co., Ltd.; appointed Representative Director Jul 2018 Appointed President and Office Manager, Lafrine Holdings Co., Ltd. Dec 2018 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1969-09-09
Yuko ASAMI
Director (Audit and Supervisory Committee Member)
Apr 2000 Assistant Professor, Faculty of Economics, Gakushuin University Apr 2003 Associate Professor, Faculty of Economics, Gakushuin University Apr 2008 Professor, Faculty of Economics, Gakushuin University Apr 2014 Vice President, Gakushuin University Jun 2018 Outside Audit & Supervisory Board Member, Daiken Corporation Apr 2019 Chair, Graduate School of Business Administration, Gakushuin University Jun 2019 Member, Certified Public Accountants and Auditing Oversight Board, Financial Services Agency Jun 2019 Member, Corporate Accounting Standards Advisory Forum, Financial Accounting Standards Foundation Sep 2020 Auditor, Ibaraki University (national university corporation) Jun 2021 Audit and Supervisory Committee Member, Daiken Corporation Dec 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2023 Temporary Member, Business Accounting Council, Financial Services Agency (current) Jun 2023 Member, Japan Industrial Accounting Association (current) Jul 2023 Member, Land Valuation Committee, Ministry of Land, Infrastructure, Transport and Tourism (current) Oct 2023 Vice Chair, Land Valuation Council, Tokyo Regional Taxation Bureau, National Tax Agency (current) Apr 2025 Professor Emeritus, Gakushuin University Apr 2025 Professor, Graduate School of Economics, Nagoya University (current)
1972-01-05
Large Shareholding Reports
Hiroyuki TSUNEISHI
2026-01-07
9.69%→8.77%
Annual report (as of 2026-03-31): 8.93%
Hiroyuki TSUNEISHI
2026-01-07
8.77%→8.77%
Annual report (as of 2026-03-31): 8.93%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-12
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-12
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2026-01-07
Large Shareholding Report
EDINET
2026-01-07
Large Shareholding Report
EDINET
2025-12-26
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-13
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-13
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-26
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-22
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-23
Annual Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-11
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-24
Annual Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-12
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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