Crossfor Co Ltd

The company maintains a market price of 162 JPY per share, with a market capitalization of 2.76 billion JPY. Its price-to-earnings ratio is 40.18, and the price-to-book ratio is 1.51, indicating a relatively high valuation compared to its book value. The enterprise value to EBITDA ratio is 105.76, suggesting a high multiple on earnings before interest, taxes, depreciation, and amortization. The company's liquidity position is characterized by a current ratio of 2.24, which is above 1, indicating that it can cover its short-term liabilities with its short-term assets.

Profitability metrics show a return on equity of 3.76% and a return on assets of 1.30%, both of which are below the industry median for apparel and accessories firms. The company's operating income of 49.35 million JPY and net income of 68.73 million JPY reflect a relatively modest profit margin, with a gross profit of 335.80 million JPY on total revenue of 901.68 million JPY. These figures suggest that the company is not outperforming its peers in terms of profitability.

Geographically, the company's revenue is primarily concentrated in Japan, with no significant disclosures of international revenue segments. The lack of geographic diversification may expose the company to regional economic fluctuations. In terms of business segments, the company operates as a single entity, with no disclosed segmental breakdown of revenue or profit.

Looking at the company's growth trajectory, the most recent actual revenue was 3.76 billion JPY, and the last actual EPS was 1.30 JPY. These figures suggest a relatively stable performance, but the company's growth is not outpacing the industry average. The company's debt-to-equity ratio is 1.74, indicating a higher reliance on debt financing, which could pose a risk in a rising interest rate environment.

The company's risk profile is characterized by a medium liquidity risk and a low dilution risk. However, the key flag of negative net cash after subtracting total debt highlights a potential liquidity constraint. The company's long-term debt of 3.18 billion JPY is significantly higher than its cash and equivalents of 723.18 million JPY, which could limit its financial flexibility.

Recent events and disclosures include the latest actual EPS and revenue figures, which align with the company's reported financial performance. There are no recent filings or transcripts indicating significant changes in the company's strategic direction or financial outlook. The company's financial statements do not disclose any material recent events that would significantly alter its risk profile or growth prospects.

Revenue grew 10.1% year-over-year to JPY 3.76 billion in FY2025, demonstrating strong top-line expansion momentum.

Operating income surged 195.3% year-over-year to JPY 55.8 million, indicating significant improvement in core operational profitability.

Net margin of 7.6% ranks in the top quartile of the Apparel & Accessories cohort, showing superior profitability.

Free cash flow turned positive at JPY 108.4 million in FY2025, up 15.0% from the prior year.

Return on equity of 3.8% exceeds the cohort median of 3.6%, reflecting efficient capital utilization relative to peers.

Debt-to-equity ratio of 1.74 places the company in the bottom quartile of its cohort, signaling high leverage risk.

The company faces high credit risk, which could impair its ability to secure favorable financing terms in the future.

Medium liquidity risk flags potential challenges in meeting short-term obligations without disrupting ongoing operations.

Revenue ¥1.33B, +40,8% YoY; Operating income +165,3% YoY.

• ▍Revenue ¥1.33B, +40,8% YoY
• ▍Operating income +165,3% YoY
• ▍Net income +34,4% YoY
• ▍Net margin 1.2%

Revenue ¥1.27B, +44,5% YoY; Operating income +60,6% YoY.

• ▍Revenue ¥1.27B, +44,5% YoY
• ▍Operating income +60,6% YoY
• ▍Net income +52,4% YoY
• ▍Net margin 0.6%

Revenue ¥1.07B, +22,0% YoY; Operating income +130,7% YoY.

• ▍Revenue ¥1.07B, +22,0% YoY
• ▍Operating income +130,7% YoY
• ▍Net income +828,1% YoY
• ▍Net margin 3.3%

Revenue ¥862.3M, −4,4% YoY; Operating income −84,2% YoY.

• ▍Revenue ¥862.3M, −4,4% YoY
• ▍Operating income −84,2% YoY
• ▍Net income −143,9% YoY
• ▍Net margin -3.5%

Revenue ¥946.8M; Operating income ¥17.0M.

• ▍Revenue ¥946.8M
• ▍Operating income ¥17.0M
• ▍Net margin 1.3%

Revenue ¥878.0M; Operating income ¥5.7M.

• ▍Revenue ¥878.0M
• ▍Operating income ¥5.7M
• ▍Net margin 0.6%

Revenue ¥876.9M; Operating income ¥10.9M.

• ▍Revenue ¥876.9M
• ▍Operating income ¥10.9M
• ▍Net margin -0.5%

Revenue ¥901.7M; Operating income ¥49.3M.

• ▍Revenue ¥901.7M
• ▍Operating income ¥49.3M
• ▍Net margin 7.6%

Revenue ¥3.76B, +10,1% YoY; Operating income +195,3% YoY.

• ▍Revenue ¥3.76B, +10,1% YoY
• ▍Operating income +195,3% YoY
• ▍Net income −22,2% YoY
• ▍Free cash flow +15,1% YoY
• ▍Net margin 0.6%

Revenue ¥3.41B, +13,6% YoY; Operating income +108,7% YoY.

• ▍Revenue ¥3.41B, +13,6% YoY
• ▍Operating income +108,7% YoY
• ▍Net income +110,4% YoY
• ▍Free cash flow +123,4% YoY
• ▍Net margin 0.8%

Revenue ¥3.01B, −3,0% YoY; Operating income −589,2% YoY.

• ▍Revenue ¥3.01B, −3,0% YoY
• ▍Operating income −589,2% YoY
• ▍Net income −223,0% YoY
• ▍Free cash flow −280,9% YoY
• ▍Net margin -9.1%

Revenue ¥3.10B, +10,2% YoY; Operating income +131,5% YoY.

• ▍Revenue ¥3.10B, +10,2% YoY
• ▍Operating income +131,5% YoY
• ▍Net income +294,9% YoY
• ▍Free cash flow +246,4% YoY
• ▍Net margin 7.1%