November 2026
Largest Learning Platforms Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Globee, Bizmates, SuRaLa Net Co, Flier Inc and Manabi-aid.
 | Globee Inc is engaged in Development and provision of an online English learning platform service. The company mainly plans, develops, and operates AI English teaching materials abceed, which can be used on smartphone apps and on the web. It is also engaged in developing and operating the AI English school ABCEED ENGLISH. | $8 | +59% | $37M | $28M | 2.1x | 7.7x | ||
| Bizmates is a Tokyo-based language and talent solutions company listed on the Tokyo Stock Exchange Growth market. It was established in July 2012 and is best known for Bizmates, a business-focused online English lesson service delivered by Philippine business professionals who act as instructors. The company runs two business lines: language solutions, which provide practical English learning services to corporate clients and individual learners, and talent solutions, which cover global recruitment and human resources services. Its stated purpose is the realisation of a diverse and prosperous society in which people and companies grow together. Bizmates also pursues acquisitions to move into diversity-related fields such as corporate training and DE&I and international exchange education for schools. It sells mainly to companies and working professionals and earns revenue from lessons and related services. The group is headquartered in Chiyoda ward, Tokyo, and works with teaching partners in the Philippines. | $4 | -- | $12M | $2M | 0.1x | 0.8x | ||
| SuRaLa Net Co Ltd is a Japanese company engaged in providing educational services through e-learning and operation consulting, marketing promotion and website operation. | $1 | -36% | $9M | $2M | 0.2x | 1.3x | ||
| Flier Inc is engaged in developing and managing business book summary service flier and flier business. Flier Business is a corporate human resource development service centered on book summaries. Its products are based on individual and organizational growth's dual aims. | $2 | -30% | $7M | $8M | 1.2x | 27.3x | ||
| Manabi-aid Co Ltd is engaged in planning, development and provision of educational services via the Internet / Consulting for educational institutions / Management of cram schools. | $2 | -39% | $7M | $4M | 1.8x | (3.8x) | ||
| Median | $2 | -33% | $9M | $4M | 1.2x | 1.3x |
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