Overview
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STEP CO.,LTD.

Step Co., Ltd. operates a network of cram schools (juku) in Kanagawa Prefecture, primarily targeting elementary through high school students for university and high school entrance exam preparation across core subjects including Japanese, mathematics, English, science, and social studies. The company also operates after-school childcare programs (STEP Kids) and a corporate-led nursery facility, complemented by an in-house curriculum development and printing division that produces proprietary teaching materials. Its integrated model of original content creation, delivery, and student safety services (such as real-time attendance notifications) supports its competitive differentiation in the regional supplementary education market.

Market Cap
¥34.5B
US$220M
EV
¥22.3B
US$142M
Stock¥2,228▼-0.67%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.0
x
LTM EV/EBIT
5.6
x
LTM PER
12.1
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
34.5BUS$220MMarket Cap0.10BUS$0.62M+ Debt5.91BUS$37.7M− Cash6.42BUS$40.9M− Inv. Sec.22.3BUS$142MEV
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Performance & Balance
Revenue 5Y (¥B)
13.0US$83.1M'21/913.7US$87.1M'22/914.4US$92.1M'23/915.1US$96.3M'24/915.8US$101M'25/9
EBITDA 5Y (¥B)
3.99US$25.5M'21/94.15US$26.4M'22/93.71US$23.6M'23/94.04US$25.8M'24/94.30US$27.4M'25/9
Net Income 5Y (¥B)
2.47US$15.8M'21/92.56US$16.3M'22/92.41US$15.3M'23/92.51US$16.0M'24/92.69US$17.1M'25/9
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.66US$55.3M1.58US$10.1M'21/99.37US$59.8M0.41US$2.61M'22/910.9US$69.5M0.31US$1.99M'23/911.4US$73.0M0.30US$1.88M'24/912.5US$80.0M0.14US$0.91M'25/9
Shareholders
Top 10 hold 65.0%
1
K Planning Co., Ltd.
36.46%
2
Kyoji TATSUI
8.41%
3
STEP Employee Stock Ownership Association
5.57%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.22%
5
Kikue TATSUI
2.76%
6
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.06%
7
Custody Bank of Japan, Ltd. (Trust Account)
1.55%
8
BBH Boston for Nomura Japan Smaller Capitalization Fund 620065 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
1.17%
9
SECOM General Insurance Co., Ltd.
1.16%
10
Shinichi YAMAGUCHI
0.65%
Management
12 officers
Kyoji TATSUI
Representative Director, Chairman
Jan 1975 Founded Step Gakushu Kyoshitsu (sole proprietorship) Sep 1979 Established Step Gakushu Kyoshitsu Co., Ltd. (now STEP Co., Ltd.); assumed position of Representative Director, President Dec 2019 Assumed position of Representative Director, Chairman of the Company (current)
1949-02-22
Yosuke ENDO
Representative Director, President and Executive Officer, General Manager of Yokohama-Kawasaki Division
Apr 1996 Joined the Company Apr 2010 General Manager, Fujisawa Northern Block (now Chogo Block) Apr 2014 Managing Executive Officer Dec 2015 Assumed position of Director Dec 2018 Assumed position of Senior Managing Director Dec 2019 Assumed position of Representative Director, President and Executive Officer Apr 2020 Assumed position of General Manager, Yokohama-Kawasaki Division (current)
1972-05-20
Akiyoshi DAIKOKU
Managing Director and Executive Officer, General Manager of University Entrance Examination Operations Division
Apr 1996 Joined the Company Apr 2007 General Manager, Fujisawa Block Apr 2013 Managing Executive Officer Apr 2015 General Manager, University Entrance Examination Operations Division (current) Dec 2015 Assumed position of Director Dec 2024 Assumed position of Managing Director and Executive Officer (current)
1972-08-09
Noriaki ARAI
Director and Managing Executive Officer, General Manager of General Affairs Division
Apr 1997 Joined the Company Oct 2011 Managing Executive Officer (current) Dec 2012 Assumed position of Director (current) General Manager, General Affairs Division (current)
1974-09-07
Yuriko MORIMOTO
Director and Managing Executive Officer, General Manager of University Entrance Examination Office
Apr 1999 Joined the Company Apr 2007 Deputy Manager, Chigasaki University Entrance Examination Campus Apr 2008 Chief, University Entrance Examination Office Apr 2018 General Manager, University Entrance Examination Office (current) Dec 2018 Assumed position of Director (current) Managing Executive Officer (current)
1977-02-22
Takao MATSUURA
Director and Managing Executive Officer, General Manager of Sotetsu-Toyoko Division
Apr 2001 Joined the Company Apr 2018 General Manager, Sotetsu Block (current) General Manager, Sotetsu-Toyoko Division (current) Managing Executive Officer (current) Dec 2023 Assumed position of Director (current)
1978-06-26
Fumiyoshi KIJIMA
Director
Apr 1976 Founded Shonan Juku (now Shonan Seminar Co., Ltd.) Apr 1988 Director, Shonan Seminar Co., Ltd. Jun 2002 Representative Director, President, Shonan Seminar Co., Ltd. Mar 2012 Retired as Representative Director, President, Shonan Seminar Co., Ltd. Dec 2015 Assumed position of Director of the Company (current)
1952-12-25
Towada NAKANO
Director
Apr 1986 Founded Nakano Gakushu Juku Sep 1997 Established Towada Co., Ltd. (Nakajuku); Representative Director, President (current) Jun 2015 Auditor, National Association of Cram Schools (public interest incorporated association) (current) Apr 2016 Chairman, All Japan Private Tutoring Education Network Jun 2017 Representative Director, For-U Research Association (NPO) (current) Dec 2021 Assumed position of Director of the Company (current) Apr 2022 Vice President, All Japan Private Tutoring Education Network (current)
1964-02-26
Koichi YAMANO
Director
Sep 1988 Joined Chikuma Shobo Co., Ltd. Jun 2005 Director, Chikuma Shobo Co., Ltd. Jun 2013 Managing Director, Chikuma Shobo Co., Ltd. Jun 2015 Representative Director, President, Chikuma Shobo Co., Ltd. Aug 2019 Director, Kaiseisha Co., Ltd. Sep 2020 Established Yuuhi Shobo Co., Ltd.; Representative Director, President (current) Dec 2025 Assumed position of Director of the Company (current)
1961-04-10
Kazuto KIMURA
Full-time Corporate Auditor
Apr 1991 Joined the Company Apr 1994 Chief, Chogo Nishiguchi School Office, High School Entrance Examination Apr 2014 General Manager, Yamato Block, High School Entrance Examination Apr 2019 Chief, Ebina School Office, High School Entrance Examination Dec 2023 Assumed position of Full-time Corporate Auditor (current)
1960-02-01
Shuichiro IKARI
Corporate Auditor
Apr 1978 Joined Tokyo Regional Taxation Bureau, National Tax Agency Jun 2002 Registered as Certified Tax Accountant Jul 2016 Director, Fujisawa Tax Office Jul 2019 Director, Investigation Division IV, Tokyo Regional Taxation Bureau Jul 2020 Retired from Tokyo Regional Taxation Bureau Aug 2020 Opened Ikari Tax Accountant Office; Representative (current) Dec 2021 Assumed position of Corporate Auditor of the Company (current) Jun 2023 Outside Director, Central Sogo Kaihatsu Co., Ltd. (current) Apr 2024 Representative Member, Ikari Accounting LLC (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, Dainichiseika Color & Chemicals Mfg. Co., Ltd. (current)
1960-01-02
Midori ABE
Corporate Auditor
Dec 2009 Registered as Attorney-at-Law Mar 2012 Investigator, Nuclear Damage Compensation Dispute Resolution Center, Research and Development Bureau, Ministry of Education, Culture, Sports, Science and Technology Apr 2015 Practical Instructor, Chuo University Law School Jan 2016 Attorney Commissioned by the Disciplinary Committee Apr 2019 Part-time Attorney, Tokyo Metropolitan Child Guidance Centers (current) Apr 2022 Family Mediation Commissioner, Tokyo Family Court (current) May 2023 Opened Avenir Law Office (current) Dec 2023 Assumed position of Corporate Auditor of the Company (current) Apr 2025 Child Rights Investigator, Bunkyo City (current) Jun 2025 Legal Consultant and Board Member, Child Abuse Prevention Center, social welfare corporation (current)
1978-05-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-08
Semi-Annual Securities Report
Period: Oct 2025 – Mar 2026
EDINETAmended
2026-02-10
Amended Annual Securities Report
Period: Oct 2023 – Sep 2024
TDnet
2026-01-29
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-10
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-07-31
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-07
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-01-30
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-16
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-07
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-01-30
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-18
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-01
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-09
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-01
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-19
Annual Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-05-10
Quarterly Securities Report
EDINET
2022-02-01
Quarterly Securities Report
EDINET
2021-12-20
Annual Securities Report
EDINET
2021-08-03
Quarterly Securities Report
EDINET
2021-05-07
Quarterly Securities Report
EDINET
2021-02-02
Quarterly Securities Report
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