We present the quasar luminosity function at $z sim 5$ derived from the optical wide-field survey data obtained as a part of the Subaru strategic program (SSP) with Hyper Suprime-Cam (HSC). From $sim$81.8 deg$^2$ area in the Wide layer of the HSC-SSP survey, we selected 224 candidates of low-luminosity quasars at $z sim 5$ by adopting the Lyman-break method down to $i = 24.1$ mag. Based on our candidates and spectroscopically-confirmed quasars from the Sloan Digital Sky Survey (SDSS), we derived the quasar luminosity function at $z sim 5$ covering a wide luminosity range of $-28.76 < M_{rm 1450} < -22.32$ mag. We found that the quasar luminosity function is fitted by a double power-law model with a break magnitude of $M^{*}_{1450} = -25.05^{+0.10}_{-0.24}$ mag. The inferred number density of low-luminosity quasars is lower, and the derived faint-end slope, $-1.22^{+0.03}_{-0.10}$, is flatter than those of previous studies at $z sim 5$. A compilation of the quasar luminosity function at $4 leq z leq 6$ from the HSC-SSP suggests that there is little redshift evolution in the break magnitude and in the faint-end slope within this redshift range, although previous studies suggest that the faint-end slope becomes steeper at higher redshifts. The number density of low-luminosity quasars decreases more rapidly from $z sim 5$ to $z sim 6$ than from $z sim 4$ to $z sim 5$.
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