ICHISHIN HOLDINGS CO.,LTD.
4645・Standard Market・Services
Educational Services Business
Core segment accounting for approximately 81% of group sales. Operates cram schools, video-based lessons, and after-school childcare
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (cumulative Q1) | ¥3,412 million | ¥3,260 million | ↑ |
| Segment operating loss (cumulative Q1) | -¥143 million | -¥360 million | ↑ |
| Segment sales year-on-year change | +4.7% | — | ↑ |
| Segment operating margin (cumulative Q1) | -4.2% | -11.0% | ↑ |
| Full-year segment sales (annual KPI, prior fiscal year results) | ¥15,614 million | — | — |
| Full-year segment operating income (annual KPI, prior fiscal year results) | ¥643 million | — | — |
Business Details
Operates cram schools such as Ichishin Gakuin, Kotaro Juku, and Ibashin for students from elementary school through high school, primarily in Chiba Prefecture, eastern Tokyo, and Ibaraki Prefecture. Also handles elementary school entrance exam preparation (Toko Gakuen), after-school childcare (Nanakara), and the sale and provision of video lesson content (Wing Net) to cram schools nationwide. Amid continued market contraction due to the declining birthrate, the company is focusing on strengthening one-on-one support for students and parents, enhancing courses for lower-grade elementary school students, and reinforcing high school exam preparation instruction as key priorities.
Recent Overview
Q1 sales up 4.7%; operating loss improved significantly year-on-year
In the Educational Services Business for Q1 of FY2027 (ending February 2027) (March to May 2026), sales were ¥3,412 million (up 4.7% year-on-year), and segment operating loss was ¥143 million (compared to an operating loss of ¥360 million in the same period of the prior year), with the loss margin narrowing significantly. In addition to enrolled student numbers in the cram school division tracking well against budget, the steady trend in the number of affiliated Wing Net schools contributed to the sales increase. On the cost side, the company has continued expense controls through appropriate staff allocation and optimization of leased floor space. Note that Q1 is the seasonal loss period when enrolled student numbers are at their lowest, and is a structural loss-recording period without summer or winter intensive courses.
Key Products
Growth Drivers
- Increasing trend in enrolled high school students (strengthening the prep school function aimed at securing admission to top-tier and national/public universities)
- Continued growth in the number of affiliated schools and locations for Wing Net
- Expansion of students taking video-based lessons following the establishment of Ichishin Digital Base
- Increase in enrolled students through specialized classrooms for lower-grade elementary students (Wing Kids Course, Pensée Frontière)
- Curriculum development in response to university entrance exam system reforms and expanded high school tuition support payments
- Improved customer satisfaction and reduced withdrawal rates through strengthened one-on-one support for students and parents
Risks
- Continued market contraction due to the declining school-age population from the falling birthrate
- Pressure on cost of sales and expenses from rising prices and labor costs
- Intensifying new entrants from other industries due to the spread of video and online education
- Risk of expanding impairment losses (in FY2026 (ending February 2026), ¥185 million was recorded, approximately double the prior year)
- Increasing personnel recruitment and training costs (continued investment in enhanced training by the HRD headquarters, etc.)
- Seasonal fluctuation risk from the structural Q1 deficit (period of lowest enrolled student numbers and absence of intensive course events)
Last updated: May 27, 2026