SHUEI YOBIKO Co., Ltd.
4678・Standard Market・Services
Elementary & Junior High School Division
Shuei Yobiko's core segment. Provides education services through diverse class formats primarily for elementary and junior high school students.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (¥ million) | ¥9,350 million | ¥9,351 million | — |
| Segment profit (¥ million) | ¥1,107 million | ¥1,045 million | ↑ |
| Segment profit margin (%) | 11.8% | 11.2% | ↑ |
| Segment assets (¥ million) | ¥5,940 million | ¥6,167 million | ↓ |
| Depreciation (¥ million) | ¥162 million | ¥139 million | ↑ |
| Increase in tangible/intangible fixed assets (¥ million) | ¥156 million | ¥464 million | ↓ |
Business Details
Offers a diverse range of services for students from elementary school through high school, including Group Classes (blackboard-based group instruction), Individual Tutoring (one-on-one instruction by instructors), iD Yobiko (video-based individual instruction), Live Online Classes, After-School Childcare, and Open Achievement Tests/Mock Exams. As the core segment accounting for approximately 87% of consolidated net sales, the division aims to build a stable management foundation through a strategy of securing students from an early age ("lock-in" from lower grades). Net sales for FY2026 (ending March 2026) were ¥9,350 million, and segment profit was ¥1,107 million.
Recent Overview
Even after closing 11 school buildings, the number of elementary and junior high school students exceeded the prior year, and profit margin improved.
In FY2026 (ending March 2026), the company closed 11 school buildings at the end of the prior period to optimize its network of locations; nevertheless, the number of elementary and junior high school students exceeded the prior year, driven by the strategy of securing students from lower elementary grades through the "Nationwide Open Achievement Test." While net sales were maintained at a level similar to the prior year at ¥9,350 million, operating expenses decreased due to reduced rent and utility costs associated with school relocations/closures, lower labor costs, and reduced teaching material production costs, resulting in improved segment profit of ¥1,107 million (up 6.0% year on year). Live Online Classes also saw steady increases in both student numbers and net sales.
Key Products
Growth Drivers
- Increase in student numbers through securing students from lower elementary grades using the "Nationwide Open Achievement Test"
- Promotion of student recruitment from lower grades through expansion of After-School Childcare
- Continued increase in student numbers and net sales for Live Online Classes
- Reduction in labor costs and improved profitability through increased use of part-time instructors
- Improved cost structure through reduced rent and utility costs associated with school relocations/closures
- Reduction in teaching material costs through review of order quantities and in-house production of materials
- Maintaining and improving per-customer revenue for Group Classes and Individual Tutoring
Risks
- Structural decline in the target student population due to the declining birthrate
- Increased costs for test preparation and grading/processing fees due to a rise in the number of "Nationwide Open Achievement Test" takers
- Intensifying competition due to the growing prevalence of video-based and online classes
- Recording of a provision for losses on school relocation/closure in connection with the decision to relocate base schools in Hokkaido, Yamanashi Prefecture, and Miyagi Prefecture
- Upward pressure on operating expenses due to wage increases and rising prices
- Declining trend in net sales of iD Yobiko (video-based classes) (down 8.5% year on year)
- Impact on revenue from the reduction in the number of mock exam sessions (one session reduced in June)
Last updated: June 25, 2026