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5869 東証スタンダード(サービス業)

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早稲田学習研究会

新規上場会社紹介レポート

(公開日 2023.12.26)

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WASEDA GAKUSHUKENKYUKAI(5869 TSE Standard)

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Operating group instruction cram schools in the Kanto area, focusing on Gunma and Saitama prefectures

Operating Group Instruction Cram Schools
WASEDA GAKUSHUKENKYUKAI operates group instruction cram schools and individual instruction cram schools for elementary, junior high school and high school students.

The company’s net sales in fiscal year ended March 2023 were 73.7% from group instruction cram schools for elementary and junior high school students, 18.8% from group instruction cram schools for high school students, and 7.5% from individual instruction cram schools for elementary, junior high school and high school students. WASEDA GAKUSHUKENKYUKAI’s school facilities (classrooms) are located in Gunma, Tochigi, Saitama and Tokyo prefectures, with a total number of 59 schools (classrooms) as of the end of October 2023.

WASEDA GAKUSHUKENKYUKAI’s group instruction cram schools for elementary and junior high school students provide high-quality lessons and detailed support. For elementary school students there is a focus to enhance their academic abilities, while for junior high school students, the emphasis is to prepare for high school entrance exams.

Group instruction cram schools for high school students to prepare students for university entrance exams and have succeeded in sending many students to the top universities in Japan.

Individual instruction cram schools for elementary, junior high and high school students provide one-to-one or small group (up to four) tutoring. Students can use study rooms for self-study, even on days when they have no class. Additionally, they can consult tutors if any questions arise.

WASEDA GAKUSHUKENKYUKAI’s revenues are comprised of mainly tuition fees paid by students. The company's cost of sales are expenses incurred in operating its schools (classrooms), such as personnel expenses, procurement costs of teaching materials, rent expenses, depreciation and supply expenses. In fiscal year ended March 2023, personnel expenses (including salaries, allowances and bonuses, and legal welfare expenses) accounted for 70.0% of the cost of sales. Selling, general and administrative expenses are mainly advertising expenses and personnel expenses related to the administrative department, of which advertising expenses accounted for 21.1% and salaries and allowances for 20.3%.

概要(レポートから抜粋)

早稲田学習研究会は、小・中学生を対象とした集団指導塾注1「W早稲田ゼミ」、高校生を対象とした集団指導塾「W早稲田ゼミハイスクール」、小・中学生及び高校生を対象とした個別指導塾注2「ファースト個別」を運営している。

創業者で現代表取締役会長である吉原俊夫氏が個人事業として87年4月に群馬県太田市に早稲田家庭教師センターを開業し、88年4月に「W早稲田ゼミ」の1号校を開校、93年1月に早稲田学習研究会を設立した。

23/3期の事業部門別の売上構成比は、ゼミ部門(「W早稲田ゼミ」の運営)が73.7%、ハイ部門(「W早稲田ゼミハイスクール」の運営)が18.8%、ファースト個別部門(「ファースト個別」の運営)が7.5%である。

校舎(教室)の展開地域は群馬県、栃木県、埼玉県、東京都で、23年10月末の校舎(教室)数は「W早稲田ゼミ」35校、「W早稲田ゼミハイスクール」14校、「ファースト個別」10教室である。

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