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Private company

Exceed World, Inc.

Exceed World, Inc. is an American educational services company, incorporated in Delaware.1

Last updated Oct 21, 2026.

Overview

$8.6MRevenue, fiscal 20252
-$6.9MNet income, fiscal 20252
  • IndustryServices-Educational Services1
  • HeadquartersDE1
  • Incorporated inDE3
  • Business address1-23-38-6F, Esakacho, Suita-Shi, Osaka, M0 564-00633
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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2016, Mr. Tomoo Yoshida was appointed as our Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

47.4%Gross margin2
-79.7%Operating margin2
-79.8%Net margin2
-64.6%Revenue growth, 20252
-62.7%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue53¢$4.5M
  • Other costs46¢$4.0M
  • Income tax1¢$122.3K

Out of $8.6M in revenue.2 The company lost money this year.

Financial statements

Revenue56789102$8.6M in 2025−75% since 2018
0$10.0M$20.0M$30.0M$40.0M2018: $34.9M$34.9M20182019: $28.4M$28.4M2019−19%2020: $21.0M$21.0M2020−26%2021: $28.4M$28.4M2021+35%2022: $34.7M$34.7M2022+22%2023: $25.9M$25.9M2023−25%2024: $24.4M$24.4M2024−6%2025: $8.6M$8.6M2025−65%
Gross profit56789102$4.1M in 2025−75% since 2018
0$5.0M$10.0M$15.0M$20.0M2018: $16.2M$16.2M20182019: $12.3M$12.3M2019−24%2020: $10.5M$10.5M2020−15%2021: $14.7M$14.7M2021+41%2022: $17.4M$17.4M2022+18%2023: $12.9M$12.9M2023−26%2024: $13.4M$13.4M2024+4%2025: $4.1M$4.1M2025−70%
Operating income2-$6.9M in 2025
-$7.5M-$5.0M-$2.5M0$2.5M2024: $1.7M$1.7M20242025: -$6.9M-$6.9M2025
Net income56789102-$6.9M in 2025
-$10.0M-$5.0M0$5.0M2018: $2.4M$2.4M20182019: -$132.0K-$132.0K20192020: -$962.3K-$962.3K2020+629%2021: $3.1M$3.1M20212022: $4.1M$4.1M2022+35%2023: -$551.7K-$551.7K20232024: $1.2M$1.2M20242025: -$6.9M-$6.9M2025
Fiscal year20182019202020212022202320242025
Revenue$34.9M5$28.4M6$21.0M7$28.4M8$34.7M9$25.9M10$24.4M2$8.6M2
Cost of revenue$18.7M5$16.1M6$10.5M7$13.7M8$17.3M9$13.0M10$10.9M2$4.5M2
Gross profit$16.2M5$12.3M6$10.5M7$14.7M8$17.4M9$12.9M10$13.4M2$4.1M2
Operating expenses$11.0M9$13.3M10$11.8M2$11.0M2
Operating income$1.7M2-$6.9M2
Income tax-$89.3K5$446.3K6$8.5K7$891.9K8$2.5M9$286.1K10$598.2K2$122.3K2
Net income$2.4M5-$132.0K6-$962.3K7$3.1M8$4.1M9-$551.7K10$1.2M2-$6.9M2
Earnings per share$0.125$0.006-$0.037$0.098$0.139-$0.0210$0.042-$0.212
Earnings per share (diluted)$0.125$0.006-$0.037$0.098$0.139-$0.0210$0.042-$0.212
Shares (weighted, diluted)32.7M shares932.7M shares1032.7M shares232.7M shares2

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What it owns

What Exceed World, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$789.7K2 Sep 30, 2025$776.7K2 Sep 30, 2024+1.7%
Operating-lease assets (leased space)$341.7K2 Sep 30, 2025$593.2K2 Sep 30, 2024−42.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.6M2 Sep 30, 2025$18.5M2 Sep 30, 2024−58.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$53.8K2 Sep 30, 2025$56.2K2 Sep 30, 2024−4.2%

Properties, in its own words

Exceed World, Inc. is provided office space rent free from e-Learning Laboratory Co., Ltd. at the address of 1-23-38-6F, Esakacho, Suita-shi.

e-Communications Co., Ltd., a Japan corporation, is a wholly owned subsidiary of e-Learning Laboratory Co, Ltd., a Japan corporation.

The rest of Item 2

e-Communications Co., Ltd. sub-leases (rents) office space from its parent company, e-Learning Laboratory Co, Ltd., a Japan corporation at the following addresses:

1-23-38-1F, Esakacho, Suita-shi, Osaka Japan 1-23-38-6F, Esakacho, Suita-shi, Osaka Japan 1-23-38-8F, Esakacho, Suita-shi, Osaka Japan 1-8-40-1F, Konan, Minato-ku, Tokyo, Japan. The aforementioned office spaces are shared by both e-Communications Co., Ltd. and e-Learning Laboratory Co., Ltd.

The following table details the terms of the lease agreements for various properties leased by e-Learning Laboratory Co., Ltd.

Workspace · Address · Lessee · Lessor · Monthly Rent · Term (Expiration of Lease)

Esaka, Osaka, 1st floor · 1-23-38-1F, Esakacho, Suita-shi, Osaka Japan · e-Learning Laboratory Co., Ltd. · F&M Co., Ltd. · JPY662,200 · May 31, 2027

($4,448)

Esaka, Osaka, 6th floor · 1-23-38-6F, Esakacho, Suita-shi, Osaka Japan · e-Learning Laboratory Co., Ltd. · F&M Co., Ltd. · JPY 1,102,500 · June 30, 2026

($7,405)

Esaka, Osaka, 8th floor · 1-23-38-8F, Esakacho, Suita-shi, Osaka Japan · e-Learning Laboratory Co., Ltd. · F&M Co., Ltd. · JPY614,935 · October 30, 2026

($4,130)

Tokyo · 1-6-12-1F, Konan, Minato-ku, Tokyo, Japan · e-Learning Laboratory Co., Ltd. · Tokyu Community Corp. · JPY 1,834,921 · August 31, 2026

($12,325)

Item 2 of the 10-K filed Jan 13, 2026.4

Leadership

Who has led Exceed World, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Former names

  • Brilliant Acquisition,Inc.Feb 19, 2015 to Oct 15, 20153

Filings

32 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 15 other. The latest 20:

  1. Jan 26, 202615-12G EDGAR
  2. Jan 13, 202610-K EDGAR
  3. Dec 29, 2025NT 10-K EDGAR
  4. Aug 19, 202510-Q EDGAR
  5. Aug 14, 2025NT 10-Q EDGAR
  6. May 20, 202510-Q EDGAR
  7. May 15, 2025NT 10-Q EDGAR
  8. Feb 19, 202510-Q EDGAR
  9. Feb 14, 2025NT 10-Q EDGAR
  10. Jan 14, 202510-K EDGAR
  11. Dec 30, 2024NT 10-K EDGAR
  12. Aug 19, 202410-Q EDGAR
  13. Aug 14, 2024NT 10-Q EDGAR
  14. May 20, 202410-Q EDGAR
  15. May 15, 2024NT 10-Q EDGAR
  16. Feb 16, 202410-Q EDGAR
  17. Feb 13, 2024NT 10-Q EDGAR
  18. Jan 5, 202410-K EDGAR
  19. Jan 4, 2024NT 10-K EDGAR
  20. Aug 14, 202310-Q EDGAR

The 32 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Exceed World, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARExceed World, Inc.1
  • CIK0001634293
  • Employer ID (EIN)47-30025664
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsSeptember 301
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1-23-38-6F, Esakacho, Suita-Shi, Osaka, M0 564-00631
  • Phone81-6-6339-41771
  • Public float$922.4K as of Mar 31, 20254
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 2064
  • On EDGAR sinceFeb 19, 20151
  • Filings115 in all: 10-Q (32), NT 10-Q (16), 10-K (10), 8-K (10), NT 10-K (10), SC 13D (6), 4 (4), UPLOAD (4)1
    All 23 form types

    CORRESP (3), S-1/A (3), 10-Q/A (2), EFFECT (2), S-1 (2), SC 14F1 (2), 10-12G (1), 10-12G/A (1), 10-K/A (1), 10-KT (1), 15-12G (1), 3 (1), AW (1), DEL AM (1), POS AM (1)

  • Latest filingsAnnual report (10-K) Jan 13, 2026
    Quarterly report (10-Q) Aug 19, 2025
    Latest 8-K (8-K) May 7, 2020

Risk factors and legal proceedings

Legal proceedings

For the year ended September 30, 2025, the Company has settled five legal cases in total amount of approximately JPY8.7 million (approximately $59,000) related to the cancellation of contracts. As of the filing date, the Company had four pending legal cases, claiming a damage of approximately JPY18 million (approximately $120,000) under the same nature. Our legal counsel estimated a probable settlement of these cases with total settlement amount of approximately JPY7.2 million (approximately $48,000). The Company has recorded JPY7.2 million (approximately $48,000) as contingency liability as of September 30, 2025, representing cases not yet settled as of September 30, 2025.

During the past ten (10) years, none of our directors, persons nominated to become directors, executive officers, promoters or control persons was involved in any of the legal proceedings listen in Item 401 (f) of Regulation S-K.

The opening of Item 3, Legal Proceedings.4

Sources

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