9428
CROPS CORPORATION
株式会社クロップス
Communication Services · Telecom Services
Crops Corporation engages in the sale and service of mobile phones through stores in Japan and internationally. The company is also involved in the staffing business; management and cleaning of buildings and facilities; security management; reception; store subleasing business; planning and wholesale of imported stationery, OEM, and packaging supplies; selling of natural cosmetics; and outsourced works, such as work visa application, payroll calculation, and tax and social insurance calculation. The company was incorporated in 1977 and is headquartered in Nagoya, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥61.6B
¥54.5B
¥48.4B
¥45.3B
Cost of Sales
¥46.4B
¥40.8B
¥36.1B
¥33.9B
Gross Profit
¥15.2B
¥13.7B
¥12.2B
¥11.5B
SG&A
¥12.8B
¥11.6B
¥10.0B
¥9.0B
Operating Income
¥2.4B
¥2.1B
¥2.3B
¥2.5B
Non-Operating Income
¥305M
¥260M
¥277M
¥290M
Non-Operating Expenses
¥88M
¥71M
¥116M
¥126M
Interest Expense
¥15M
¥9M
¥7M
¥7M
Ordinary Income
¥2.6B
¥2.3B
¥2.4B
¥2.7B
Pre-tax Income
¥2.3B
¥2.3B
¥2.4B
¥2.6B
Income Taxes
¥852M
¥722M
¥741M
¥811M
Current Tax
¥1.1B
¥745M
¥812M
¥898M
Deferred Tax
¥-202M
¥-23M
¥-70M
¥-86M
Net Income (owners)
¥991M
¥1.2B
¥1.2B
¥1.5B
Minority Interest
¥484M
¥324M
¥460M
¥336M
Comprehensive Income
¥1.5B
¥1.7B
¥1.7B
¥2.0B
EBITDA
¥3.0B
¥2.6B
¥2.6B
¥2.8B
Goodwill Amort. (J-GAAP)
¥255M
¥207M
¥65M
¥96M
EPS
¥104.81
¥127.54
¥129.09
¥163.46
Shares Outstanding
9.5M
9.5M
9.5M
9.0M
Shares Issued (total)
9.6M
9.6M
9.6M
9.6M
Treasury Shares
0.1M
0.1M
0.1M
0.6M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥36.1B
¥33.4B
¥30.7B
¥27.5B
Current Assets
¥21.1B
¥18.5B
¥16.4B
¥15.5B
Cash & Deposits
¥8.3B
¥7.5B
¥7.0B
¥7.3B
Trade Receivables
¥6.3B
¥5.6B
¥4.7B
¥4.5B
Inventories
¥3.4B
¥3.0B
¥2.6B
¥2.2B
Non-Current Assets
¥15.0B
¥14.9B
¥14.3B
¥12.0B
PP&E
¥3.4B
¥3.8B
¥3.7B
¥3.6B
Goodwill
¥899M
¥1.1B
¥231M
¥22M
Intangible Assets
¥1.1B
¥1.2B
¥322M
¥113M
Investment Securities
¥1.1B
¥1.1B
¥857M
¥813M
Deferred Tax Assets
¥759M
¥557M
¥597M
¥515M
Total Liabilities
¥21.8B
¥20.2B
¥18.2B
¥16.1B
Current Liabilities
¥11.7B
¥11.2B
¥10.0B
¥8.6B
ST Debt
¥2.1B
¥2.7B
¥2.5B
¥1.6B
Taxes Payable
¥765M
¥409M
¥423M
¥558M
Non-Current Liabilities
¥10.0B
¥9.0B
¥8.2B
¥7.6B
Total LT Borrowings
¥656M
¥122M
¥214M
¥376M
Pension Obligations
¥274M
¥247M
¥236M
¥203M
Total Equity
¥14.3B
¥13.2B
¥12.5B
¥11.4B
Capital Stock
¥255M
¥255M
¥255M
¥255M
Capital Surplus
¥894M
¥894M
¥1.2B
¥1.5B
Retained Earnings
¥10.7B
¥9.9B
¥8.8B
¥7.8B
Treasury Stock
¥-104M
¥-104M
¥-104M
¥-414M
AOCI
¥530M
¥505M
¥380M
¥298M
Equity (owners)
¥11.7B
¥10.9B
¥10.2B
¥9.1B
Minority Interests
¥2.1B
¥1.8B
¥2.0B
¥2.0B
Total Interest-Bearing Debt ⓘ
¥2.8B
¥2.9B
¥2.7B
¥2.0B
Net Cash ⓘ
¥5.5B
¥4.6B
¥4.3B
¥5.3B
NCAV ⓘ
¥-694M
¥-1.6B
¥-1.8B
¥-636M
NCAV/Share
¥-73
¥-174
¥-195
¥-70
BV/Share
¥1,238
¥1,153
¥1,074
¥1,011
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.4B
¥1.5B
¥1.6B
¥2.2B
Interest Paid
¥-14M
¥-9M
¥-7M
¥-7M
Interest Received
¥57M
¥50M
¥40M
¥25M
D&A
¥311M
¥288M
¥245M
¥240M
Goodwill Amort.
¥255M
¥207M
¥65M
¥96M
Investing CF
¥-218M
¥-268M
¥-2.1B
¥-725M
CapEx
¥121M
¥96M
¥223M
¥468M
Purchase Investments
¥-2M
¥-2M
¥-2M
¥-2M
Proceeds from Invest.
¥8M
¥7M
—
—
Financing CF
¥-475M
¥-813M
¥56M
¥-871M
Dividends Paid
¥-189M
¥-189M
¥-181M
¥-153M
Share Buybacks
—
¥0M
—
—
LT Debt Repaid
¥-188M
¥-157M
¥-248M
¥-308M
Free Cash Flow
¥1.3B
¥1.4B
¥1.4B
¥1.8B
Net Change in Cash
¥828M
¥463M
¥-277M
¥687M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
8.4%
11.0%
11.7%
17.0%
ROA
2.9%
3.8%
4.0%
5.4%
EPS
¥104.81
¥127.54
¥129.09
¥163.46
DPS
¥20.00
¥20.00
¥20.00
¥20.00
BPS
¥1,293.84
¥1,206.28
¥1,114.39
¥1,044.57
FCF/Share
¥137
¥150
¥145
¥195
NCAV/Share
¥-73
¥-174
¥-195
¥-70
Payout Ratio
19.1%
15.7%
15.5%
12.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2025-09-29
Hikari Tsushin K.K.
12.05%
+0.96%
change
Passive
—
2025-04-25
Hikari Tsushin K.K.
11.09%
+1.01%
change
Passive
—
2024-11-08
Hikari Tsushin K.K.
10.08%
+1.01%
change
Passive
—
2024-05-21
Hikari Tsushin K.K.
9.07%
+1.02%
change
Passive
—
2023-11-17
Hikari Tsushin K.K.
8.05%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 2
#
Shareholder
Shares (thou.)
% of Total
1
株式会社アイ・エー・エイチ
3,229,000
34.14%
2
KDDI株式会社
1,921,500
20.32%
3
前田 有幾
851,100
9.00%
4
光通信株式会社
723,600
7.65%
5
株式会社UH Partners2
305,300
3.22%
6
株式会社商工組合中央金庫
220,000
2.32%
7
名古屋鉄道株式会社
200,000
2.11%
8
クロップス従業員持株会
111,600
1.18%
9
いすゞ自動車株式会社
100,000
1.05%
10
DANSKE BANK A/S FINNISH CLIENTS(常任代理人 香港上海銀行東京支店 カストディ業務部)
81,300
0.85%
Domestic Nominees
0.0%
-1.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
81.8%
+3.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社アイ・エー・エイチ
34.14%
34.14%
34.14%
KDDI
20.31%
20.32%
20.32%
前田 有幾
9.00%
9.00%
9.00%
光通信
7.30%
7.65%
7.65%
式会社UH Partners2
↑
—
0.95%
3.22%
+2.27%
式会社商工組合中央金庫
2.32%
2.32%
2.32%
名古屋鉄道
2.11%
2.11%
2.11%
クロップス従業員持株会
1.26%
1.29%
1.18%
-0.11%
いすゞ自動車
1.05%
1.05%
1.05%
DANSKE BANK A/S FINNISH CLIENTS
NEW ENTRY
—
—
—
0.85%
NEW
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
2.25%
1.15%
—
日本カストディ銀行
last seen 2023
Exited Top 10
0.55%
—
—
Concentration (HHI)
ⓘ
1730
1733
1741
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥973M
+29% since 2023
Holdings
2
Trend
Stable
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding