SPRIX, Ltd.
7030・Standard Market・Services
Mori Juku
Individualized tutoring school segment, the core business of SPRIX
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (H1 FY2026, ending March 2026) | ¥10,482 million | ¥9,126 million (H1 FY2025, ending March 2025) | ↑ |
| Segment profit (H1 FY2026, ending March 2026) | ¥3,096 million | ¥2,383 million (H1 FY2025, ending March 2025) | ↑ |
| EBITDA (H1 FY2026, ending March 2026) | ¥3,231 million | ¥2,461 million (H1 FY2025, ending March 2025) | ↑ |
| Number of schools (end of March 2026) | 261 schools | 241 schools (end of March 2025) | ↑ |
| Number of enrolled students (end of March 2026) | 51,063 | 45,777 (end of March 2025) | ↑ |
| Sales (full year FY2025, ending March 2025) | ¥18,562 million | — | ↑ |
| Segment profit (full year FY2025, ending March 2025) | ¥4,779 million | — | ↑ |
Business Details
Mori Juku (Individualized Tutoring School) is a one-teacher-to-two-students individualized tutoring school for elementary, junior high, and high school students. It differentiates itself by offering a "grade guarantee system" for junior high school students, guaranteeing an improvement of 20 points or more in one subject on regular exams. As of the end of the interim period of FY2026 (ending March 2026), it operated 261 schools with 51,063 enrolled students, making it the core revenue pillar of the SPRIX Group. It accounts for approximately 55% of the Group's total sales.
Recent Overview
Both the number of schools and students expanded steadily, with a significant increase in sales and profit
In the interim period of FY2026 (ending March 2026) (October 2025 to March 2026), Mori Juku achieved substantial growth in sales and profit, with sales of ¥10,482 million (up 14.9% year on year), segment profit of ¥3,096 million (up 29.9% year on year), and EBITDA of ¥3,231 million (up 31.2% year on year). At the end of the interim period, the number of schools stood at 261 (up 20 schools year on year), and the number of enrolled students was 51,063 (up 5,286 year on year), showing steady growth in student numbers.
Key Products
Growth Drivers
- Continued expansion in the number of schools (261 schools as of end of March 2026, up 20 schools year on year)
- Steady increase in enrolled students (51,063 as of end of March 2026, up 5,286 year on year)
- Differentiation and strengthened customer acquisition through the grade guarantee system
- Accelerated regional expansion into new areas including the Kansai region
- Quality improvement of teaching materials/content such as the Foresta Series and expansion of external sales
Risks
- Shrinking pool of potential customers due to the declining school-age population from the falling birthrate
- Intensifying competition for student acquisition with competing tutoring schools and progressing industry consolidation
- Increased upfront investment costs associated with opening new schools and time lag until profitability
- Difficulty in recruiting instructors/staff and risk of rising labor costs
- Need to respond to changing educational needs due to effective free tuition at private high schools and diversifying entrance exam pathways
Last updated: December 26, 2025