Overview
Services

PROGRIT Inc.

PROGRIT Inc. provides intensive English coaching services under the 'PROGRIT' brand, offering personalized 12-week programs where dedicated consultants design custom curricula and provide daily support via chat, weekly one-on-one sessions, and a proprietary learning management app. The company also offers subscription-based English learning services including shadowing feedback ('Shadoten'), speaking practice ('Spiful'), and AI English conversation ('DearTalk'), targeting both individual learners and corporate clients (340+ companies as of August 2025). Its competitive strength lies in a science-based, self-study-centered coaching methodology supported by accumulated learning data from over 24,000 students and a fully employed, highly engaged consultant workforce.

Market Cap
¥12.7B
US$80.9M
EV
¥9.49B
US$60.5M
Stock¥1,112▲+3.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
—
LTM EV/EBIT
6.2
x
LTM PER
11.4
x
LTM PBR
5.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.3%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 10, 26Board approved share buyback; Q3 FY2026/08 earnings announced
2Oct 15, 26FY2026/8 earnings release, dividend hike (¥22→¥32), strong FY2027/8 guidance
MC → EV Bridge
12.7BUS$80.9MMarket Cap1.07BUS$6.82M+ Debt4.24BUS$27.1M− Cash0.02BUS$0.11M− Inv. Sec.9.49BUS$60.5MEV
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Performance & Balance
Revenue 5Y (¥B)
2.25US$14.4M'22/83.02US$19.3M'23/84.45US$28.4M'24/85.75US$36.7M'25/87.65US$48.8M'26/8
EBITDA 5Y (¥B)
0.35US$2.20M'22/80.52US$3.30M'23/80.85US$5.41M'24/81.25US$7.98M'25/8
Net Income 5Y (¥B)
0.19US$1.19M'22/80.36US$2.30M'23/80.61US$3.89M'24/80.89US$5.66M'25/81.11US$7.08M'26/8
Capital Structure
67%
33%
EquityD/E 0.48xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.98US$6.22M0.25US$1.59M'22/81.98US$12.6M0.17US$1.06M'23/83.05US$19.5M0.15US$0.97M'24/83.45US$22.0M0.25US$1.59M'25/84.26US$27.2M1.07US$6.82M'26/8
Shareholders
Top 10 hold 68.4%
1
SO Inc.
20.56%
2
Shogo OKADA
14.23%
3
HOHETO Inc.
10.87%
4
Custody Bank of Japan, Ltd. (Trust Account)
6.09%
5
Shuntaro YAMAZAKI
4.88%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.34%
7
三井住友信託銀行株式会社(信託口 甲24号)
2.64%
8
Ryota YACHI
2.10%
9
BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN (Standing Proxy: MUFG Bank, Ltd.)
1.98%
10
Hideki SHIMURA
1.68%
Management
7 officers
Shogo OKADA
Representative Director, President
Apr 2014 Joined McKinsey & Company Sep 2016 Established the Company; Representative Director, President (current)
1991-02-06
Shuntaro YAMAZAKI
Director, Executive Vice President; Head of HR Department; Head of New Business Development Department; Head of Progrit Business Division
Apr 2013 Joined Recruit Career Co., Ltd. Sep 2016 Established the Company; Director, Executive Vice President Mar 2024 Director, Executive Vice President; Head of HR Department Sep 2024 Director, Executive Vice President; Head of Corporate Sales Department; Head of New Business Development Department Dec 2024 Director, Executive Vice President; Head of HR Department; Head of New Business Development Department Nov 2025 Director, Executive Vice President; Head of HR Department; Head of New Business Development Department; Head of Progrit Business Division (current)
1989-05-22
Ryota YACHI
Director, CFO
Apr 2009 Joined Goldman Sachs Securities Co., Ltd. Feb 2020 Joined the Company Jun 2020 Director, CFO; Head of Administration Department Sep 2024 Director, CFO (current) Mar 2025 Outside Director, REJECT Inc. (current)
1984-11-10
Takahito AIKI
Director
Apr 1994 Joined Nippon Telegraph and Telephone Corporation Aug 1999 Joined Bain & Company Japan, Inc. as Consultant Nov 2002 Joined Culture Convenience Club Co., Ltd. Aug 2004 Joined Bain & Company Japan, Inc. Nov 2007 Joined Rakuten, Inc. (now Rakuten Group, Inc.) May 2010 President and Representative Director, Fusion Communications Co., Ltd. (now Rakuten Communications Co., Ltd.) Feb 2013 Managing Executive Officer, Rakuten, Inc. Feb 2014 CEO, Rakuten Kobo, Inc. Jan 2016 President, Digital Content Company, and CEO, Rakuten Europe, Viber Media Limited Apr 2017 Director, Executive Vice President, Kamakura Shinsho, Ltd. Sep 2017 President and Representative Director, Kamakura Shinsho, Ltd. Jul 2019 Outside Director, the Company (current) Oct 2019 Director and Managing Executive Officer; CEO, Mobility Services Company, Pioneer Corporation Nov 2019 President and Representative Director, Increment P Corporation (now GeoTechnologies, Inc.) Dec 2021 Outside Director, NearMe Inc. (current) Jan 2022 Director, Executive Vice President, Beisia Holdings Co., Ltd. Jul 2022 President and Representative Director, Beisia Holdings Co., Ltd. (current)
1972-01-30
Mamoru MATSUSHITA
Full-time Corporate Auditor
Apr 1980 Joined Fuji Photo Film Co., Ltd. (now FUJIFILM Holdings Corporation) Jun 2008 Managing Director, FUJIFILM UK Limited (sales subsidiary) Jun 2013 President, FUJIFILM Italia S.p.A. (sales subsidiary) Jun 2016 Corporate Auditor, FUJIFILM Holdings Corporation Apr 2017 Corporate Auditor, FUJIFILM Wako Pure Chemical Corporation Jun 2018 Corporate Auditor, Fuji Xerox Co., Ltd. Nov 2019 Outside Corporate Auditor, the Company (current)
1957-10-04
Hiroyuki NEHASHI
Corporate Auditor
Dec 2010 Registered as Attorney-at-Law Jan 2011 Joined Mori Hamada & Matsumoto May 2017 Completed LL.M. program, Columbia Law School Aug 2017 Worked at Gibson, Dunn & Crutcher LLP (Los Angeles) Jun 2018 Registered as Attorney in New York State Jul 2018 Worked at Gibson, Dunn & Crutcher LLP (Frankfurt) Jul 2019 Outside Corporate Auditor, the Company (current) Apr 2021 Joined Panasonic Corporation (now Panasonic Holdings Corporation) (current) Jul 2023 Outside Corporate Auditor, Nagasuna Mayu Co., Ltd. (current) May 2025 Outside Corporate Auditor, STANDAGE Inc. (current)
1984-12-13
Yosuke AZUMA
Corporate Auditor
Dec 2006 Joined Deloitte Touche Tohmatsu LLC Oct 2010 Registered as Certified Public Accountant Dec 2011 Joined CyberAgent, Inc. Aug 2013 Opened Yosuke Azuma CPA Office; Principal (current) Jul 2015 Joined GameWith, Inc. Feb 2016 Director, GameWith, Inc. Aug 2018 Executive Officer, GameWith, Inc. Aug 2019 Head of Internal Audit Office, GameWith, Inc. Nov 2019 Outside Corporate Auditor, the Company (current) Apr 2020 Outside Corporate Auditor, JCG Co., Ltd. Apr 2020 Outside Corporate Auditor, M&A Research Institute Holdings, Inc. (formerly M&A Sogo Kenkyusho Holdings) (current) Mar 2021 Outside Corporate Auditor, ABCash Technologies, Inc. (current) Feb 2023 Outside Corporate Auditor, Ashall Design Inc. (current) Jul 2023 Outside Corporate Auditor, Another Works Inc. (current) Jan 2025 Joined Stack Inc. (current)
1979-05-08
Large Shareholding Reports
HOHETO Co., Ltd.
2026-07-15
6.73%→6.73%
Annual report (as of 2026-02-28): 10.87%
Shuntaro YAMASAKI
2026-07-14
15.55%→7.64%
Annual report (as of 2026-02-28): 4.88%
HOHETO Co., Ltd.
2026-07-10
10.75%→6.73%
Annual report (as of 2026-02-28): 10.87%
Asset Management One Co., Ltd.
2026-04-22
5.32%→4.20%
Asset Management One Co., Ltd.
2026-03-06
6.43%→5.32%
Asset Management One Co., Ltd.
2026-02-06
7.57%→6.43%
Asset Management One Co., Ltd.
2025-11-10
8.47%→7.57%
HOHETO Co., Ltd.
2025-10-30
11.07%→10.75%
Annual report (as of 2026-02-28): 10.87%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Full-Year Earnings Flash
FY ending Aug 2026
EDINET
2026-07-15
Large Shareholding Report
EDINETAmended
2026-07-14
Change Report
EDINET
2026-07-10
Large Shareholding Report
TDnet
2026-07-09
Q3 Earnings Flash
FY ending Aug 2026
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-09
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-02-06
Large Shareholding Report
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-11-27
Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-10-30
Large Shareholding Report
TDnet
2025-07-09
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-09
Semi-Annual Securities Report
Period: Sep 2024 – Aug 2025
TDnet
2025-01-14
Q1 Earnings Flash
FY ending Aug 2025
EDINET
2024-11-28
Annual Securities Report
Period: Sep 2023 – Aug 2024
EDINET
2024-07-10
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-10
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-10
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-11-29
Annual Securities Report
Period: Sep 2022 – Aug 2023
EDINET
2023-07-13
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINETAmended
2023-01-27
Amended Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-11-30
Annual Securities Report
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