It's a large activity, for some it's a reasonable challenge. For others, it's a lot lot easier to just buy a reasonably cheap 5 string.
A few things to consider:
1) If you want to keep the existing neck, you will need a new nut and you will need to remove all of the tuner holes with round dowels. Then you can drill new ones in the right spacing so the strings run straight and it doesn't start looking like a hideous franken-bass.
2) If you choose a new 5 string neck, there will be wood work in making it fit the old body. This needs to be good quality and accurate wood work. You will probably need to re-finish the body after this activity.
3) You will need to buy 5 new tuners, adding a new one to 4 old units is going to look shoddy. Time for a tuner set upgrade. you will then need to paint / re-finish the neck.
4) Your pickups might not have the magnet bar spacing to read 5 strings and probably were envisioned as a 4 string. Something like a blade design, Bartolini / EMG / Kent Armstrong soap bars / black cover (no pole pieces) fit into this category. Some others do too. If you pick up some cheaper 5 string pickups (Wilkinson etc) then there are unlikely to fit and will need quality wood working / routing. If you currently have jazz pickups, you best bet is to rout out P4 cavities and use Nordstrand P4 shells...this makes life and side-grades a LOT easier. Jazz pickups are a nightmare to rout well and there's lots of slightly different dimensions.
With all this in mind...you might like the challenge. However, this is going to take a lot of time, a lot of effort and more money than buying a S/H Yamaha 5 string.