7810$181.0057

Crossfor Co Ltd

Apparel & AccessoriesVerified

Score breakdown

Valuation+22Profitability+20Sentiment+30Risk penalty-3

Quality breakdown

Key fields100Profile25Conclusion97AI synthesis40Observations13

Capital Structure and Liquidity Crossfor has a market capitalization of ¥3,085,492,339 and a price-to-book ratio of 1.71, indicating a moderate premium over its book value. The company's liquidity position is characterized by a current ratio of 2.05, suggesting it can cover its short-term obligations. However, its operating cash flow is negative at ¥-125,814,000, and free cash flow is only ¥108,419,000, which may limit its ability to fund operations without external financing [doc:HA-latest]. ### Profitability and Returns Crossfor's profitability is weak, with a return on equity (ROE) of 1.22% and a return on assets (ROA) of 0.44%, both significantly below the industry median for Apparel & Accessories. The company's operating income of ¥55,757,000 and net income of ¥22,093,000 reflect a narrow margin structure, with a gross profit margin of 31.6% (¥1,186,727,000 / ¥3,757,259,000). These metrics suggest the company is under pressure to improve cost efficiency and pricing power [doc:HA-latest]. ### Segments and Geographic Exposure The company operates as a single business segment, with all revenue generated domestically in Japan. This lack of geographic diversification increases its exposure to local economic conditions and consumer demand fluctuations. There is no disclosed segmental breakdown, and the company does not report international revenue [doc:HA-latest]. ### Growth Trajectory Crossfor's recent financial performance shows a stable revenue level of ¥3,757,259,000, but there is no indication of growth in the near term. The company's capital expenditures are minimal at ¥-18,435,000, suggesting limited investment in expansion or innovation. Analysts have recorded the last actual revenue at ¥3,757,260,000, indicating no recent growth [doc:HA-latest]. ### Risk Factors The company faces a medium liquidity risk due to its negative net cash position after subtracting total debt. The debt-to-equity ratio of 1.65 indicates a leveraged capital structure, which could increase financial risk during periods of economic stress. The risk of dilution is currently low, but the company's reliance on external financing could change this outlook if operating cash flow remains negative [doc:HA-latest]. ### Recent Events There are no recent filings or transcripts disclosed in the provided data that would indicate significant corporate events or strategic shifts. The company's financial statements do not highlight any material changes in operations or governance [doc:HA-latest].

Profile

CompanyCrossfor Co Ltd

Ticker7810.T

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. Crossfor Co Ltd is a Japanese apparel and accessories company that generates revenue primarily through the design, production, and sale of clothing and related products [doc:HA-latest].

Classification. Crossfor is classified under the Consumer Cyclicals economic sector, specifically in the Cyclical Consumer Products business sector and the Apparel & Accessories industry, with a classification confidence of 0.92 [doc:verified market data].

### Capital Structure and Liquidity Crossfor has a market capitalization of ¥3,085,492,339 and a price-to-book ratio of 1.71, indicating a moderate premium over its book value. The company's liquidity position is characterized by a current ratio of 2.05, suggesting it can cover its short-term obligations. However, its operating cash flow is negative at ¥-125,814,000, and free cash flow is only ¥108,419,000, which may limit its ability to fund operations without external financing [doc:HA-latest]. ### Profitability and Returns Crossfor's profitability is weak, with a return on equity (ROE) of 1.22% and a return on assets (ROA) of 0.44%, both significantly below the industry median for Apparel & Accessories. The company's operating income of ¥55,757,000 and net income of ¥22,093,000 reflect a narrow margin structure, with a gross profit margin of 31.6% (¥1,186,727,000 / ¥3,757,259,000). These metrics suggest the company is under pressure to improve cost efficiency and pricing power [doc:HA-latest]. ### Segments and Geographic Exposure The company operates as a single business segment, with all revenue generated domestically in Japan. This lack of geographic diversification increases its exposure to local economic conditions and consumer demand fluctuations. There is no disclosed segmental breakdown, and the company does not report international revenue [doc:HA-latest]. ### Growth Trajectory Crossfor's recent financial performance shows a stable revenue level of ¥3,757,259,000, but there is no indication of growth in the near term. The company's capital expenditures are minimal at ¥-18,435,000, suggesting limited investment in expansion or innovation. Analysts have recorded the last actual revenue at ¥3,757,260,000, indicating no recent growth [doc:HA-latest]. ### Risk Factors The company faces a medium liquidity risk due to its negative net cash position after subtracting total debt. The debt-to-equity ratio of 1.65 indicates a leveraged capital structure, which could increase financial risk during periods of economic stress. The risk of dilution is currently low, but the company's reliance on external financing could change this outlook if operating cash flow remains negative [doc:HA-latest]. ### Recent Events There are no recent filings or transcripts disclosed in the provided data that would indicate significant corporate events or strategic shifts. The company's financial statements do not highlight any material changes in operations or governance [doc:HA-latest].

Key takeaways

Crossfor has a weak ROE and ROA, indicating poor capital efficiency and profitability.
The company's liquidity is moderate, but its negative operating cash flow raises concerns about its ability to fund operations.
Crossfor is entirely dependent on the Japanese market, increasing its exposure to local economic conditions.
The company is not investing in growth, with minimal capital expenditures and no indication of revenue expansion.
The debt-to-equity ratio is high, suggesting a leveraged capital structure that could amplify financial risk.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyJPY

Revenue$3.76B

Gross profit$1.19B

Operating income$55.8M

Net income$22.1M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$125.8M

CapEx-$18.4M

Free cash flow$108.4M

Total assets$5.06B

Total liabilities$3.25B

Total equity$1.81B

Cash & equivalents$629.6M

Long-term debt$2.99B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$3.76B$55.8M$22.1M$108.4M

FY-1$3.41B$18.9M$28.4M$94.2M

FY-2$3.01B-$218.1M-$272.4M-$403.2M

FY-3$3.10B$44.6M$221.5M$222.9M

FY-4$2.81B-$141.4M-$113.7M-$152.2M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$5.06B$1.81B$629.6M—

FY-1$5.22B$1.79B$958.5M—

FY-2$5.26B$1.81B$596.8M—

FY-3$5.19B$2.13B$735.6M—

FY-4$4.65B$1.89B$823.7M—

PeriodOCFCapExFCFSBC

FY0-$125.8M-$18.4M$108.4M—

FY-1$483.1M-$35.7M$94.2M—

FY-2-$406.4M-$160.9M-$403.2M—

FY-3-$248.3M-$126.3M$222.9M—

FY-4$176.4M-$148.4M-$152.2M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$1.33B$45.1M$16.1M—

FQ-1$1.27B$9.1M$8.0M—

FQ-2$1.07B$25.3M$35.0M—

FQ-3$862.3M$7.8M-$30.2M—

FQ-4$946.8M$17.0M$12.0M—

FQ-5$878.0M$5.7M$5.3M—

FQ-6$876.9M$10.9M-$4.8M—

FQ-7$901.7M$49.3M$68.7M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$6.10B$1.83B$1.11B—

FQ-1$5.11B$1.81B$664.5M—

FQ-2$5.06B$1.81B$629.6M—

FQ-3$5.12B$1.77B$912.4M—

FQ-4$4.98B$1.80B$847.9M—

FQ-5$5.11B$1.79B$572.4M—

FQ-6$5.22B$1.79B$958.5M—

FQ-7$5.28B$1.83B$723.2M—

PeriodOCFCapExFCFSBC

FQ0-$299.7M-$37.7M——

FQ-1————

FQ-2-$125.8M-$18.4M——

FQ-3————

FQ-4$128.0M-$12.0M——

FQ-5————

FQ-6$483.1M-$35.7M——

FQ-7————

Valuation

Market price$181.00

Market cap$3.09B

Enterprise value$5.44B

P/E139.7

Reported non-GAAP P/E—

EV/Revenue1.4

EV/Op income97.6

EV/OCF—

P/B1.7

P/Tangible book1.7

Tangible book$1.81B

Net cash-$2.36B

Current ratio2.0

Debt/Equity1.6

ROA0.4%

ROE1.2%

Cash conversion-5.7%

CapEx/Revenue-0.5%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Apparel & Accessories · cohort 2 companies

Metric7810Activity

Op margin1.5%6.6% medp25 4.6% · p75 8.7%bottom quartile

Net margin0.6%3.7% medp25 2.0% · p75 5.5%bottom quartile

Gross margin31.6%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue-0.5%1.1% medp25 0.9% · p75 1.4%bottom quartile

Debt / equity165.0%124.3% medp25 86.1% · p75 162.6%top quartile

Observations

IR observations

Last actual EPS1.30 JPY

Last actual revenue3,757,260,000 JPY

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-04 06:01 UTC#353e9a1b

Market quoteclose JPY 181.00 · shares 0.02B diluted

no public URL

2026-05-04 06:01 UTC#e0843da6

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 06:02 UTCJob: feb19e85