"I was glad to reach the summit because, after that, all that was left was to climb down," he told a Japanese newspaper, adding that he spent 30 minutes at the top.
'My next dream'
He was inspired to attempt the climb, after scaling Mount Cho Oyu, the world's sixth highest mountain, which lies about 20km west of Mount Everest.
"It was my dream to climb Cho Oyu, a peak which was higher than 8,000 metres, when I reached the age 70," Mr Yanagisawa told Associated Press news agency.
From the summit of Cho Oyu, he caught a glimpse of Everest. "I found my next dream," he said.
Mr Yanagisawa reached Kathmandu, the capital of Nepal, on Monday and is expected to file the paperwork needed to officially claim his record.
If confirmed, he will be the third Japanese person in a row to set a record as the oldest person to conquer Everest.