2138
CROOZ,Inc.
クルーズ株式会社
Information & Communication
CROOZ, Inc. provides IT outsourcing and E-commerce services. It operates through System Engineering Services (SES), EC Business, and GameFi Business segments. The System Engineering Services segment focuses on providing IT human resources and system engineering solutions. The EC Business segment offers mail order services via the Internet, including select shop operations for original and top-brand products. The GameFi Business segment provides games for mobile devices, such as smartphones, and related contract development services. The company concentrates management resources on sourcing and is expanding into new business areas to establish additional pillars for future growth. It serves corporate clients requiring IT solutions and operates in global markets. The company was incorporated in 2001 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.55×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥11.8B
¥14.2B
¥14.3B
¥14.0B
¥15.5B
Cost of Sales
¥5.7B
¥8.0B
¥7.6B
¥7.7B
¥8.5B
Gross Profit
¥6.1B
¥6.2B
¥6.7B
¥6.3B
¥7.0B
SG&A
¥6.1B
¥7.2B
¥6.5B
¥5.6B
¥5.7B
Operating Income
¥23M
¥-1.0B
¥161M
¥645M
¥1.2B
Non-Operating Income
¥673M
¥673M
¥1.2B
¥138M
¥178M
Interest Income
—
¥88M
¥87M
¥86M
¥60M
Non-Operating Expenses
—
¥485M
¥167M
¥154M
¥123M
Interest Expense
—
¥176M
¥45M
¥28M
¥45M
Ordinary Income
¥-171M
¥-837M
¥1.2B
¥628M
¥1.3B
Pre-tax Income
¥-200M
¥-520M
¥1.6B
¥732M
¥209M
Income Taxes
¥272M
¥10M
¥617M
¥489M
¥33M
Current Tax
—
¥104M
¥532M
¥362M
¥180M
Deferred Tax
—
¥-94M
¥85M
¥126M
¥-147M
Net Income (owners)
¥-471M
¥-530M
¥1.0B
¥255M
¥310M
Minority Interest
—
¥0M
¥-29M
¥-11M
¥-135M
Comprehensive Income
—
¥-852M
¥1.4B
¥341M
¥98M
EBITDA
¥256M
¥-759M
¥393M
¥885M
¥1.5B
Goodwill Amort. (J-GAAP)
—
—
—
—
¥52M
EPS
¥-49.18
¥-53.74
¥91.15
¥22.92
¥27.91
Shares Outstanding
—
9.6M
10.5M
11.1M
11.1M
Shares Issued (total)
—
13.0M
13.0M
13.0M
13.0M
Treasury Shares
—
3.4M
2.5M
1.8M
1.8M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥30.8B
¥29.5B
¥27.1B
¥25.4B
¥25.1B
Current Assets
¥9.5B
¥12.8B
¥17.0B
¥17.5B
¥17.6B
Cash & Deposits
¥6.6B
¥10.1B
¥12.9B
¥14.3B
¥13.8B
Trade Receivables
—
¥2.4B
¥3.1B
¥2.5B
¥3.0B
Inventories
—
¥328M
¥309M
—
—
Non-Current Assets
¥21.2B
¥16.7B
¥10.0B
¥7.8B
¥7.4B
PP&E
¥315M
¥216M
¥601M
¥676M
¥808M
Intangible Assets
—
¥6M
¥185M
¥327M
¥406M
Investment Securities
¥3.5B
¥3.7B
¥4.9B
¥5.1B
¥4.9B
Deferred Tax Assets
—
¥171M
¥42M
¥266M
¥453M
Total Liabilities
¥21.9B
¥20.2B
¥16.3B
¥15.4B
¥15.4B
Current Liabilities
¥5.0B
¥4.6B
¥6.4B
¥5.9B
¥5.2B
ST Debt
¥1.0B
¥605M
—
—
—
Taxes Payable
—
¥127M
¥536M
¥166M
¥146M
Non-Current Liabilities
¥17.0B
¥15.6B
¥9.8B
¥9.5B
¥10.3B
Total LT Borrowings
¥16.4B
¥14.5B
¥9.7B
¥9.5B
¥10.3B
Deferred Tax Liab.
—
¥34M
¥29M
¥0M
¥6M
Total Equity
¥8.9B
¥9.3B
¥10.8B
¥10.0B
¥9.7B
Capital Stock
—
¥460M
¥460M
¥460M
¥460M
Capital Surplus
—
¥1.4B
¥1.4B
¥1.4B
¥1.4B
Retained Earnings
¥10.5B
¥11.0B
¥11.5B
¥10.4B
¥10.2B
Treasury Stock
—
¥-3.9B
¥-3.2B
¥-2.7B
¥-2.7B
AOCI
—
¥248M
¥570M
¥137M
¥39M
Equity (owners)
¥8.5B
¥8.9B
¥10.1B
¥9.6B
¥9.3B
Minority Interests
—
¥125M
¥152M
¥173M
¥258M
Total Interest-Bearing Debt ⓘ
¥17.4B
¥15.1B
¥9.7B
¥9.5B
¥10.3B
Net Cash ⓘ
¥-10.8B
¥-5.0B
¥3.2B
¥4.8B
¥3.5B
NCAV ⓘ
¥-12.4B
¥-7.4B
¥761M
¥2.1B
¥2.1B
NCAV/Share
—
¥-776
¥73
¥185
¥191
BV/Share
—
¥935
¥963
¥868
¥840
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-142M
¥-1.0B
¥-386M
¥1.6B
¥683M
Interest Paid
—
¥-164M
¥-37M
¥-20M
¥-42M
D&A
¥233M
¥266M
¥232M
¥240M
¥214M
Goodwill Amort.
—
—
—
—
¥52M
Investing CF
¥-7.6B
¥-6.3B
¥-1.6B
¥-709M
¥-1.3B
CapEx
¥223M
¥59M
¥35M
¥13M
¥216M
Purchase Investments
—
¥-106M
¥-34M
¥-156M
¥-1.8B
Proceeds from Invest.
—
¥1.2B
—
—
—
Financing CF
¥2.2B
¥4.6B
¥572M
¥-346M
¥-693M
Share Buybacks
—
¥-603M
¥-588M
¥-0M
—
LT Debt Repaid
—
¥-728M
¥-299M
¥-913M
¥-371M
Free Cash Flow
¥-365M
¥-1.1B
¥-421M
¥1.6B
¥467M
Net Change in Cash
—
¥-2.8B
¥-1.5B
¥541M
¥-1.3B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-5.2%
-5.3%
9.9%
2.7%
3.3%
ROA
-1.6%
-1.9%
3.8%
1.0%
1.2%
EPS
¥-49.18
¥-53.74
¥91.15
¥22.92
¥27.91
DPS
¥0.00
—
—
—
—
BPS
¥914.50
¥960.74
¥1,017.67
¥879.88
¥843.62
FCF/Share
—
¥-114
¥-40
¥142
¥42
NCAV/Share
—
¥-776
¥73
¥185
¥191
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 14
Date Activist Stake Event Flag Demands Source
2026-05-20
Tatsuro Kiyohara
5.0%
-1.16%
change
Passive
—
2026-05-07
Tatsuro Kiyohara
6.16%
-1.07%
change
Passive
—
2024-02-21
SBI SECURITIES Co.,Ltd.
2.37%
-2.69%
change
Passive
—
2024-02-06
SBI SECURITIES Co.,Ltd.
5.06%
initial_5pct
Passive
—
2023-11-06
Koji Obuchi
43.39%
change
Passive
—
2023-11-01
TOWER INVESTMENT MANAGEMENT Co.,Ltd
—
exit
Passive
—
2023-10-24
Tatsuro Kiyohara
7.23%
initial_5pct
Passive
—
2023-10-24
Tatsuro Kiyohara
7.23%
correction
Passive
—
2023-10-02
TOWER INVESTMENT MANAGEMENT Co.,Ltd
7.29%
-1.01%
change
Passive
—
2023-09-01
TOWER INVESTMENT MANAGEMENT Co.,Ltd
8.3%
-0.12%
change
Passive
—
2023-08-21
TOWER INVESTMENT MANAGEMENT Co.,Ltd
8.42%
-1.77%
change
Passive
—
2023-08-18
TOWER INVESTMENT MANAGEMENT Co.,Ltd
10.19%
-1.6%
change
Passive
—
2023-08-17
TOWER INVESTMENT MANAGEMENT Co.,Ltd
11.79%
-2.07%
change
Passive
—
2023-06-20
TOWER INVESTMENT MANAGEMENT Co.,Ltd
13.86%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
小渕 宏二
3,195,000
33.39%
2
清原 達郎
936,400
9.78%
3
田澤 知志
750,000
7.83%
4
株式会社SBI証券
282,368
2.95%
5
東京短資株式会社
268,200
2.80%
6
山田 忠志
128,000
1.33%
7
合同会社センス
90,900
0.95%
8
JPモルガン証券株式会社
73,143
0.76%
9
弓家 浩二
65,200
0.68%
10
今村 信一郎
60,000
0.62%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
-1.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
61.1%
+3.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
小渕 宏二
29.98%
30.54%
33.39%
+2.85%
清原 達郎
—
8.95%
9.78%
+0.83%
田澤 知志
7.82%
7.16%
7.83%
+0.67%
式会社SBI証券
3.68%
2.81%
2.95%
+0.14%
東京短資
—
4.82%
2.80%
-2.02%
山田 忠志
—
1.19%
1.33%
+0.14%
同会社センス
NEW ENTRY
—
—
—
0.95%
NEW
JPモルガン証券
—
1.06%
0.76%
-0.30%
弓家 浩二
—
0.85%
0.68%
-0.17%
今村 信一郎
NEW ENTRY
—
—
—
0.62%
NEW
BNY Mellon
last seen 2024
Exited Top 10
—
1.26%
—
Morgan Stanley
last seen 2024
Exited Top 10
1.31%
0.70%
—
TK1 LTD
last seen 2023
Exited Top 10
1.79%
—
—
NOMURA CUSTODY NOMINEES LIMITED OMNIBUS-FULLY PAID (CASHPB)
last seen 2023
Exited Top 10
3.47%
—
—
NCSN-SHOKORO LIMITED
last seen 2023
Exited Top 10
4.28%
—
—
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
last seen 2023
Exited Top 10
0.95%
—
—
楽天証券
last seen 2023
Exited Top 10
1.20%
—
—
NOMURA CUSTODY NOMINEES LTD - TK1 LIMITED
last seen 2023
Exited Top 10
16.51%
—
—
Concentration (HHI)
ⓘ
1284
1101
1292
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved