Sold as a yearling for a then-record $600,000 ($4.1 million inflation adjusted),[1] he was purchased by a four-man syndicate comprising James Welch of Alexandria, Louisiana, James A. Scully of Lexington, Kentucky, Harold I. Snyder of Dover, Ohio, and leading Japanese breeder Zenya Yoshida.

His best result in an important stakes race was a second to L'Enjoleur in track record time in the November 3rd running of the Grade 1 Laurel Futurity.

[6] Other share purchasers in the syndicate included prominent American and international breeders such as Cardiff Stud Farm, John C. Mabee, Aaron U. Jones, George R. Gardiner, Robert Sangster, and Bertram & Diana Firestone.

[7] After he finished second in the September 27, 1975, Woodward Stakes and in the October 25 Jockey Club Gold Cup, in early November Wajima's owners announced his retirement from racing.

Wajima was sent to stand at stud at Leslie Combs II's Spendthrift Farm in Lexington, Kentucky.