Crooz Inc

Crooz Inc's capital structure is characterized by a high debt-to-equity ratio of 1.09, indicating a significant reliance on debt financing. The company's liquidity position is assessed as low, with a current ratio of 2.65, suggesting it has sufficient short-term assets to cover its short-term liabilities, but with limited excess. The company's price-to-book ratio of 0.46 and price-to-tangible-book ratio of 0.46 indicate that the market values the company's equity at a discount to its book value, which may reflect concerns about its profitability and future earnings potential.

In terms of profitability, Crooz Inc reported a net loss of 174,759,000 JPY and an operating loss of 293,659,000 JPY, resulting in a negative return on equity of -1.64% and a negative return on assets of -0.65%. These figures are below the industry median for profitability metrics, indicating that the company is underperforming relative to its peers in terms of generating returns for shareholders and utilizing its assets efficiently.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no significant geographic diversification reported. This lack of diversification may expose the company to higher risks associated with market-specific downturns or regulatory changes in its primary operating region.

Crooz Inc's growth trajectory is currently negative, with a reported revenue of 3,560,415,000 JPY and a net loss. The company's operating cash flow is negative at -385,884,000 JPY, and its capital expenditure of -38,284,000 JPY suggests ongoing investment in its operations. However, the negative net income and operating income indicate that the company is not currently generating sufficient revenue to cover its operating costs and is not in a position to sustain growth without external financing.

The risk assessment for Crooz Inc indicates a low level of liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company's dilution potential is assessed as low, and no significant adjustments have been applied to its valuation metrics. However, the company's negative net income and operating income suggest that it may need to seek additional financing in the future, which could lead to increased dilution for existing shareholders.

Recent events and filings for Crooz Inc include the disclosure of its latest financial results, which show a continued decline in profitability. The company's last actual EPS was -53.74 JPY, and its last actual revenue was 14,191,650,000 JPY, as reported by analysts. These figures indicate that the company is facing challenges in maintaining its revenue and profitability, which may impact its ability to meet its financial obligations and sustain operations in the long term.

Crooz generated positive free cash flow of 1.17 billion JPY in FY2024, demonstrating operational cash generation capability.

The company's debt-to-equity ratio of 1.09 is below the department store cohort median of 0.52, indicating relatively lower leverage.

Crooz exhibits above-median cash conversion efficiency at 2.21 compared to the department store cohort median of 1.47.

Dilution and liquidity risks are assessed as low, suggesting stable capital structure and adequate market trading conditions.

Gross profit remained resilient at 6.17 billion JPY in FY2025, maintaining a buffer despite operating losses.

Long-term debt surged to 17.1 billion JPY in FY2025, exacerbating financial risk amid deteriorating earnings performance.

Operating and net margins rank in the bottom quartile of the department store cohort, indicating poor competitive positioning.

The company faces high credit risk, compounded by negative free cash flow of 387 million JPY in FY2025.

Revenue ¥3.09B, −21,6% YoY; Operating income +56,5% YoY.

• ▍Revenue ¥3.09B, −21,6% YoY
• ▍Operating income +56,5% YoY
• ▍Net income −15,0% YoY
• ▍Net margin -4.8%

Revenue ¥2.61B, −24,8% YoY; Operating income +95,6% YoY.

• ▍Revenue ¥2.61B, −24,8% YoY
• ▍Operating income +95,6% YoY
• ▍Net income +68,7% YoY
• ▍Net margin -0.9%

Revenue ¥2.77B, −21,7% YoY; Operating income +76,8% YoY.

• ▍Revenue ¥2.77B, −21,7% YoY
• ▍Operating income +76,8% YoY
• ▍Net income +44,1% YoY
• ▍Net margin -5.8%

Revenue ¥3.23B, −9,2% YoY; Operating income +64,6% YoY.

• ▍Revenue ¥3.23B, −9,2% YoY
• ▍Operating income +64,6% YoY
• ▍Net income +78,4% YoY
• ▍Net margin -1.2%

Revenue ¥3.95B; Operating income -¥154.6M.

• ▍Revenue ¥3.95B
• ▍Operating income -¥154.6M
• ▍Net margin -3.3%

Revenue ¥3.47B; Operating income -¥981.4M.

• ▍Revenue ¥3.47B
• ▍Operating income -¥981.4M
• ▍Net margin -2.2%

Revenue ¥3.54B; Operating income -¥414.4M.

• ▍Revenue ¥3.54B
• ▍Operating income -¥414.4M
• ▍Net margin -8.1%

Revenue ¥3.56B; Operating income -¥293.7M.

• ▍Revenue ¥3.56B
• ▍Operating income -¥293.7M
• ▍Net margin -4.9%

Revenue ¥14.19B, −0,6% YoY; Operating income −412,1% YoY.

• ▍Revenue ¥14.19B, −0,6% YoY
• ▍Operating income −412,1% YoY
• ▍Net income −152,6% YoY
• ▍Free cash flow −133,0% YoY
• ▍Net margin -3.7%

Revenue ¥14.27B, +1,9% YoY; Operating income −29,2% YoY.

• ▍Revenue ¥14.27B, +1,9% YoY
• ▍Operating income −29,2% YoY
• ▍Net income +295,6% YoY
• ▍Free cash flow +162,7% YoY
• ▍Net margin 7.1%

Revenue ¥14.00B, −9,5% YoY; Operating income +306,6% YoY.

• ▍Revenue ¥14.00B, −9,5% YoY
• ▍Operating income +306,6% YoY
• ▍Net income −17,9% YoY
• ▍Free cash flow +319,2% YoY
• ▍Net margin 1.8%

Revenue ¥15.48B, −56,7% YoY; Operating income −89,4% YoY.

• ▍Revenue ¥15.48B, −56,7% YoY
• ▍Operating income −89,4% YoY
• ▍Net income −78,3% YoY
• ▍Free cash flow −112,5% YoY
• ▍Net margin 2.0%