View Future GrowthCrops 過去の業績過去 基準チェック /06Cropsの収益は年間平均-2.6%の割合で減少していますが、 Specialty Retail業界の収益は年間 増加しています。収益は年間9.1% 10.1%割合で 増加しています。 Cropsの自己資本利益率は9.8%であり、純利益率は1.4%です。主要情報-2.60%収益成長率-3.73%EPS成長率Specialty Retail 業界の成長11.17%収益成長率10.06%株主資本利益率9.83%ネット・マージン1.37%前回の決算情報31 Mar 2026最近の業績更新分析記事 • May 22Some May Be Optimistic About Crops' (TSE:9428) EarningsThe market for Crops Corporation's ( TSE:9428 ) shares didn't move much after it posted weak earnings recently. Our...Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥97.93 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥97.93 (down from JP¥105 in FY 2025). Revenue: JP¥67.5b (up 9.6% from FY 2025). Net income: JP¥926.0m (down 6.6% from FY 2025). Profit margin: 1.4% (down from 1.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • May 10Crops Corporation to Report Fiscal Year 2026 Results on May 13, 2026Crops Corporation announced that they will report fiscal year 2026 results on May 13, 2026Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥69.90 (vs JP¥28.87 in 3Q 2025)Third quarter 2026 results: EPS: JP¥69.90 (up from JP¥28.87 in 3Q 2025). Revenue: JP¥17.4b (up 8.5% from 3Q 2025). Net income: JP¥661.0m (up 142% from 3Q 2025). Profit margin: 3.8% (up from 1.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.分析記事 • Nov 20Crops' (TSE:9428) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Crops Corporation ( TSE:9428 ) recently. We have done some...Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥33.74 loss per share (vs JP¥25.91 profit in 2Q 2025)Second quarter 2026 results: JP¥33.74 loss per share (down from JP¥25.91 profit in 2Q 2025). Revenue: JP¥15.5b (up 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 230% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.すべての更新を表示Recent updates分析記事 • May 22Some May Be Optimistic About Crops' (TSE:9428) EarningsThe market for Crops Corporation's ( TSE:9428 ) shares didn't move much after it posted weak earnings recently. Our...Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥97.93 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥97.93 (down from JP¥105 in FY 2025). Revenue: JP¥67.5b (up 9.6% from FY 2025). Net income: JP¥926.0m (down 6.6% from FY 2025). Profit margin: 1.4% (down from 1.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • May 13Crops Corporation, Annual General Meeting, Jun 19, 2026Crops Corporation, Annual General Meeting, Jun 19, 2026.お知らせ • May 10Crops Corporation to Report Fiscal Year 2026 Results on May 13, 2026Crops Corporation announced that they will report fiscal year 2026 results on May 13, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥69.90 (vs JP¥28.87 in 3Q 2025)Third quarter 2026 results: EPS: JP¥69.90 (up from JP¥28.87 in 3Q 2025). Revenue: JP¥17.4b (up 8.5% from 3Q 2025). Net income: JP¥661.0m (up 142% from 3Q 2025). Profit margin: 3.8% (up from 1.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$97.4m).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,570, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 48% over the past three years.お知らせ • Jan 06+ 1 more updateCrops Corporation (TSE:9428) entered into a business acquisition agreement to acquire au Shop and UQ Spot Operation Business from Subsc Co., Ltd.Crops Corporation (TSE:9428) entered into a business acquisition agreement to acquire au Shop and UQ Spot Operation Business from Subsc Co., Ltd. on December 16, 2025. The expected completion of the transaction is March 1, 2026.分析記事 • Nov 20Crops' (TSE:9428) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Crops Corporation ( TSE:9428 ) recently. We have done some...Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥33.74 loss per share (vs JP¥25.91 profit in 2Q 2025)Second quarter 2026 results: JP¥33.74 loss per share (down from JP¥25.91 profit in 2Q 2025). Revenue: JP¥15.5b (up 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 230% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.分析記事 • Sep 01Does Crops (TSE:9428) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥31.62 (vs JP¥14.49 loss in 1Q 2025)First quarter 2026 results: EPS: JP¥31.62 (up from JP¥14.49 loss in 1Q 2025). Revenue: JP¥15.7b (up 12% from 1Q 2025). Net income: JP¥299.0m (up JP¥436.0m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.分析記事 • Jul 28Optimistic Investors Push Crops Corporation (TSE:9428) Shares Up 26% But Growth Is LackingDespite an already strong run, Crops Corporation ( TSE:9428 ) shares have been powering on, with a gain of 26% in the...New Risk • Jul 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.9b market cap, or US$93.3m).Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥1,465, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 67% over the past three years.Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024)Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • May 20We Think You Can Look Beyond Crops' (TSE:9428) Lackluster EarningsCrops Corporation's ( TSE:9428 ) stock was strong despite it releasing a soft earnings report last week. However, we...Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024)Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • May 13Crops Corporation, Annual General Meeting, Jun 20, 2025Crops Corporation, Annual General Meeting, Jun 20, 2025.Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).お知らせ • Mar 01+ 2 more updatesCrops Corporation to Report Q1, 2026 Results on Aug 08, 2025Crops Corporation announced that they will report Q1, 2026 results on Aug 08, 2025Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥28.87 (vs JP¥43.36 in 3Q 2024)Third quarter 2025 results: EPS: JP¥28.87 (down from JP¥43.36 in 3Q 2024). Revenue: JP¥16.1b (up 13% from 3Q 2024). Net income: JP¥273.0m (down 33% from 3Q 2024). Profit margin: 1.7% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • Feb 06Crops (TSE:9428) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (JP¥9.53b market cap, or US$61.7m).Reported Earnings • Aug 14First quarter 2025 earnings released: JP¥14.49 loss per share (vs JP¥24.32 profit in 1Q 2024)First quarter 2025 results: JP¥14.49 loss per share (down from JP¥24.32 profit in 1Q 2024). Revenue: JP¥14.0b (up 11% from 1Q 2024). Net loss: JP¥137.0m (down 160% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥884, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023)Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses.お知らせ • Jun 02+ 2 more updatesCrops Corporation to Report Q2, 2025 Results on Nov 14, 2024Crops Corporation announced that they will report Q2, 2025 results on Nov 14, 2024Reported Earnings • May 18Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023)Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses.お知らせ • May 16Crops Corporation, Annual General Meeting, Jun 21, 2024Crops Corporation, Annual General Meeting, Jun 21, 2024.New Risk • May 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥10.2b market cap, or US$65.2m).New Risk • Mar 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥10.9b market cap, or US$71.8m).Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).お知らせ • Mar 02Crops Corporation to Report Fiscal Year 2024 Results on May 14, 2024Crops Corporation announced that they will report fiscal year 2024 results on May 14, 2024Reported Earnings • Feb 07Third quarter 2024 earnings released: EPS: JP¥43.36 (vs JP¥43.60 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.36. Revenue: JP¥14.2b (up 13% from 3Q 2023). Net income: JP¥410.0m (up 4.1% from 3Q 2023). Profit margin: 2.9% (down from 3.1% in 3Q 2023). The decrease in margin was driven by higher expenses.お知らせ • Nov 27Crops Corporation to Report Q3, 2024 Results on Feb 05, 2024Crops Corporation announced that they will report Q3, 2024 results on Feb 05, 2024Reported Earnings • Nov 07Second quarter 2024 earnings released: EPS: JP¥39.23 (vs JP¥24.46 in 2Q 2023)Second quarter 2024 results: EPS: JP¥39.23 (up from JP¥24.46 in 2Q 2023). Revenue: JP¥13.4b (up 22% from 2Q 2023). Net income: JP¥371.0m (up 68% from 2Q 2023). Profit margin: 2.8% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥8.94b market cap, or US$59.7m).お知らせ • Sep 12Crops Corporation to Report Q2, 2024 Results on Nov 06, 2023Crops Corporation announced that they will report Q2, 2024 results on Nov 06, 2023New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$64.8m).Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥24.32 (vs JP¥45.49 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.32 (down from JP¥45.49 in 1Q 2023). Revenue: JP¥12.6b (up 8.9% from 1Q 2023). Net income: JP¥230.0m (down 44% from 1Q 2023). Profit margin: 1.8% (down from 3.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Jul 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$66.9m).Reported Earnings • Jun 21Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022)Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022)Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Crops Corporation, Annual General Meeting, Jun 16, 2023Crops Corporation, Annual General Meeting, Jun 16, 2023.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,306, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 184% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Reported Earnings • Feb 04Third quarter 2023 earnings released: EPS: JP¥43.60 (vs JP¥36.85 in 3Q 2022)Third quarter 2023 results: EPS: JP¥43.60 (up from JP¥36.85 in 3Q 2022). Revenue: JP¥12.6b (up 9.7% from 3Q 2022). Net income: JP¥394.0m (up 18% from 3Q 2022). Profit margin: 3.1% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 01Crops Corporation announced that it has received ¥433.86 million in funding from KDDI CorporationOn January 31, 2023, Crops Corporation closed the transaction.お知らせ • Dec 08Crops Corporation announced that it expects to receive ¥433.86 million in funding from KDDI CorporationCrops Corporation announced that it will issue 420,000 common shares at issue price of ¥1033 per share for an aggregate gross proceeds of ¥433,860,000 on December 7, 2022. The transaction will include participation from KDDI Corporation. The transaction is expected to close on January 31, 2023. The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company.お知らせ • Dec 04Crops Corporation to Report Q3, 2023 Results on Feb 03, 2023Crops Corporation announced that they will report Q3, 2023 results on Feb 03, 2023Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 06Second quarter 2023 earnings released: EPS: JP¥24.46 (vs JP¥32.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥24.46 (down from JP¥32.87 in 2Q 2022). Revenue: JP¥11.0b (flat on 2Q 2022). Net income: JP¥221.0m (down 26% from 2Q 2022). Profit margin: 2.0% (down from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 03Crops Corporation to Report Q2, 2023 Results on Nov 04, 2022Crops Corporation announced that they will report Q2, 2023 results on Nov 04, 2022Reported Earnings • Aug 08First quarter 2023 earnings released: EPS: JP¥45.48 (vs JP¥40.17 in 1Q 2022)First quarter 2023 results: EPS: JP¥45.48 (up from JP¥40.17 in 1Q 2022). Revenue: JP¥11.6b (up 11% from 1Q 2022). Net income: JP¥411.0m (up 13% from 1Q 2022). Profit margin: 3.6% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 29Crops Corporation to Report Q1, 2023 Results on Aug 05, 2022Crops Corporation announced that they will report Q1, 2023 results on Aug 05, 2022Reported Earnings • Jun 22Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021)Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021)Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.お知らせ • May 15Crops Corporation, Annual General Meeting, Jun 17, 2022Crops Corporation, Annual General Meeting, Jun 17, 2022.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 08Crops Corporation to Report Fiscal Year 2022 Results on May 13, 2022Crops Corporation announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).Reported Earnings • Feb 07Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥36.85 (down from JP¥37.19 in 3Q 2021). Revenue: JP¥11.4b (up 5.2% from 3Q 2021). Net income: JP¥333.0m (flat on 3Q 2021). Profit margin: 2.9% (down from 3.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥32.87 (vs JP¥31.73 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥10.9b (up 9.1% from 2Q 2021). Net income: JP¥297.0m (up 1.4% from 2Q 2021). Profit margin: 2.7% (down from 2.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 10First quarter 2022 earnings released: EPS JP¥40.17 (vs JP¥31.69 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥10.4b (up 12% from 1Q 2021). Net income: JP¥363.0m (up 20% from 1Q 2021). Profit margin: 3.5% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 24Full year 2021 earnings released: EPS JP¥92.44 (vs JP¥80.14 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • May 17Full year 2021 earnings released: EPS JP¥92.43 (vs JP¥80.14 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).Is New 90 Day High Low • Mar 08New 90-day high: JP¥820The company is up 6.0% from its price of JP¥771 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period.お知らせ • Mar 04Crops Corporation to Report Fiscal Year 2021 Results on May 14, 2021Crops Corporation announced that they will report fiscal year 2021 results on May 14, 2021Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥37.19 (vs JP¥8.55 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥10.9b (down 1.5% from 3Q 2020). Net income: JP¥336.0m (up 310% from 3Q 2020). Profit margin: 3.1% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Dec 23New 90-day low: JP¥734The company is down 1.0% from its price of JP¥742 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.お知らせ • Sep 03Crops Corporation to Report Q2, 2021 Results on Nov 04, 2020Crops Corporation announced that they will report Q2, 2021 results on Nov 04, 2020収支内訳Crops の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:9428 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費31 Mar 2667,49792614,090031 Dec 2564,9511,25113,462030 Sep 2563,58886313,178030 Jun 2563,2721,42712,961031 Mar 2561,56899112,762031 Dec 2459,63957612,584030 Sep 2457,74371312,294030 Jun 2455,90683911,873031 Mar 2454,4871,20611,551031 Dec 2353,4161,16011,252030 Sep 2351,8111,14410,859030 Jun 2349,41199410,419031 Mar 2348,3801,1759,971031 Dec 2247,6271,5109,668030 Sep 2246,5221,4499,512030 Jun 2246,4401,5259,316031 Mar 2245,3181,4778,954031 Dec 2143,6159138,609030 Sep 2143,0519168,305030 Jun 2142,1459127,956031 Mar 2141,0418527,732031 Dec 2041,2351,1427,501030 Sep 2041,4008887,368030 Jun 2042,3388637,386031 Mar 2042,9347697,328031 Dec 1942,7396827,306030 Sep 1942,3807427,260030 Jun 1941,2636287,118031 Mar 1941,0305797,119031 Dec 1840,1765916,924030 Sep 1839,5075046,732030 Jun 1838,2704756,491031 Mar 1837,3115476,192031 Dec 1736,5135476,018030 Sep 1735,5737315,778030 Jun 1735,4208345,632031 Mar 1734,7017555,477031 Dec 1634,3739005,336030 Sep 1634,1138265,309030 Jun 1633,5786845,305031 Mar 1633,0745775,331031 Dec 1531,6713285,137030 Sep 1530,0432414,927030 Jun 1528,5451594,7430質の高い収益: 9428には¥778.0M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: 9428の現在の純利益率 (1.4%)は、昨年(1.6%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 9428の収益は過去 5 年間で年間2.6%減少しました。成長の加速: 9428は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 9428は過去 1 年間で収益成長率がマイナス ( -6.6% ) となったため、 Specialty Retail業界平均 ( 6.8% ) と比較することが困難です。株主資本利益率高いROE: 9428の 自己資本利益率 ( 9.8% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/20 23:26終値2026/06/19 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Crops Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • May 22Some May Be Optimistic About Crops' (TSE:9428) EarningsThe market for Crops Corporation's ( TSE:9428 ) shares didn't move much after it posted weak earnings recently. Our...
Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥97.93 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥97.93 (down from JP¥105 in FY 2025). Revenue: JP¥67.5b (up 9.6% from FY 2025). Net income: JP¥926.0m (down 6.6% from FY 2025). Profit margin: 1.4% (down from 1.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • May 10Crops Corporation to Report Fiscal Year 2026 Results on May 13, 2026Crops Corporation announced that they will report fiscal year 2026 results on May 13, 2026
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥69.90 (vs JP¥28.87 in 3Q 2025)Third quarter 2026 results: EPS: JP¥69.90 (up from JP¥28.87 in 3Q 2025). Revenue: JP¥17.4b (up 8.5% from 3Q 2025). Net income: JP¥661.0m (up 142% from 3Q 2025). Profit margin: 3.8% (up from 1.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • Nov 20Crops' (TSE:9428) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Crops Corporation ( TSE:9428 ) recently. We have done some...
Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥33.74 loss per share (vs JP¥25.91 profit in 2Q 2025)Second quarter 2026 results: JP¥33.74 loss per share (down from JP¥25.91 profit in 2Q 2025). Revenue: JP¥15.5b (up 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 230% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • May 22Some May Be Optimistic About Crops' (TSE:9428) EarningsThe market for Crops Corporation's ( TSE:9428 ) shares didn't move much after it posted weak earnings recently. Our...
Reported Earnings • May 17Full year 2026 earnings released: EPS: JP¥97.93 (vs JP¥105 in FY 2025)Full year 2026 results: EPS: JP¥97.93 (down from JP¥105 in FY 2025). Revenue: JP¥67.5b (up 9.6% from FY 2025). Net income: JP¥926.0m (down 6.6% from FY 2025). Profit margin: 1.4% (down from 1.6% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • May 13Crops Corporation, Annual General Meeting, Jun 19, 2026Crops Corporation, Annual General Meeting, Jun 19, 2026.
お知らせ • May 10Crops Corporation to Report Fiscal Year 2026 Results on May 13, 2026Crops Corporation announced that they will report fiscal year 2026 results on May 13, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥69.90 (vs JP¥28.87 in 3Q 2025)Third quarter 2026 results: EPS: JP¥69.90 (up from JP¥28.87 in 3Q 2025). Revenue: JP¥17.4b (up 8.5% from 3Q 2025). Net income: JP¥661.0m (up 142% from 3Q 2025). Profit margin: 3.8% (up from 1.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$97.4m).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥1,570, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 48% over the past three years.
お知らせ • Jan 06+ 1 more updateCrops Corporation (TSE:9428) entered into a business acquisition agreement to acquire au Shop and UQ Spot Operation Business from Subsc Co., Ltd.Crops Corporation (TSE:9428) entered into a business acquisition agreement to acquire au Shop and UQ Spot Operation Business from Subsc Co., Ltd. on December 16, 2025. The expected completion of the transaction is March 1, 2026.
分析記事 • Nov 20Crops' (TSE:9428) Strong Earnings Are Of Good QualityInvestors were underwhelmed by the solid earnings posted by Crops Corporation ( TSE:9428 ) recently. We have done some...
Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥33.74 loss per share (vs JP¥25.91 profit in 2Q 2025)Second quarter 2026 results: JP¥33.74 loss per share (down from JP¥25.91 profit in 2Q 2025). Revenue: JP¥15.5b (up 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 230% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • Sep 01Does Crops (TSE:9428) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥31.62 (vs JP¥14.49 loss in 1Q 2025)First quarter 2026 results: EPS: JP¥31.62 (up from JP¥14.49 loss in 1Q 2025). Revenue: JP¥15.7b (up 12% from 1Q 2025). Net income: JP¥299.0m (up JP¥436.0m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
分析記事 • Jul 28Optimistic Investors Push Crops Corporation (TSE:9428) Shares Up 26% But Growth Is LackingDespite an already strong run, Crops Corporation ( TSE:9428 ) shares have been powering on, with a gain of 26% in the...
New Risk • Jul 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.9b market cap, or US$93.3m).
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥1,465, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 67% over the past three years.
Reported Earnings • Jun 27Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024)Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • May 20We Think You Can Look Beyond Crops' (TSE:9428) Lackluster EarningsCrops Corporation's ( TSE:9428 ) stock was strong despite it releasing a soft earnings report last week. However, we...
Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024)Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • May 13Crops Corporation, Annual General Meeting, Jun 20, 2025Crops Corporation, Annual General Meeting, Jun 20, 2025.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
お知らせ • Mar 01+ 2 more updatesCrops Corporation to Report Q1, 2026 Results on Aug 08, 2025Crops Corporation announced that they will report Q1, 2026 results on Aug 08, 2025
Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥28.87 (vs JP¥43.36 in 3Q 2024)Third quarter 2025 results: EPS: JP¥28.87 (down from JP¥43.36 in 3Q 2024). Revenue: JP¥16.1b (up 13% from 3Q 2024). Net income: JP¥273.0m (down 33% from 3Q 2024). Profit margin: 1.7% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • Feb 06Crops (TSE:9428) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (JP¥9.53b market cap, or US$61.7m).
Reported Earnings • Aug 14First quarter 2025 earnings released: JP¥14.49 loss per share (vs JP¥24.32 profit in 1Q 2024)First quarter 2025 results: JP¥14.49 loss per share (down from JP¥24.32 profit in 1Q 2024). Revenue: JP¥14.0b (up 11% from 1Q 2024). Net loss: JP¥137.0m (down 160% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥884, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023)Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses.
お知らせ • Jun 02+ 2 more updatesCrops Corporation to Report Q2, 2025 Results on Nov 14, 2024Crops Corporation announced that they will report Q2, 2025 results on Nov 14, 2024
Reported Earnings • May 18Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023)Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses.
お知らせ • May 16Crops Corporation, Annual General Meeting, Jun 21, 2024Crops Corporation, Annual General Meeting, Jun 21, 2024.
New Risk • May 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥10.2b market cap, or US$65.2m).
New Risk • Mar 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥10.9b market cap, or US$71.8m).
Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
お知らせ • Mar 02Crops Corporation to Report Fiscal Year 2024 Results on May 14, 2024Crops Corporation announced that they will report fiscal year 2024 results on May 14, 2024
Reported Earnings • Feb 07Third quarter 2024 earnings released: EPS: JP¥43.36 (vs JP¥43.60 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.36. Revenue: JP¥14.2b (up 13% from 3Q 2023). Net income: JP¥410.0m (up 4.1% from 3Q 2023). Profit margin: 2.9% (down from 3.1% in 3Q 2023). The decrease in margin was driven by higher expenses.
お知らせ • Nov 27Crops Corporation to Report Q3, 2024 Results on Feb 05, 2024Crops Corporation announced that they will report Q3, 2024 results on Feb 05, 2024
Reported Earnings • Nov 07Second quarter 2024 earnings released: EPS: JP¥39.23 (vs JP¥24.46 in 2Q 2023)Second quarter 2024 results: EPS: JP¥39.23 (up from JP¥24.46 in 2Q 2023). Revenue: JP¥13.4b (up 22% from 2Q 2023). Net income: JP¥371.0m (up 68% from 2Q 2023). Profit margin: 2.8% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
New Risk • Oct 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥8.94b market cap, or US$59.7m).
お知らせ • Sep 12Crops Corporation to Report Q2, 2024 Results on Nov 06, 2023Crops Corporation announced that they will report Q2, 2024 results on Nov 06, 2023
New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 3.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$64.8m).
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥24.32 (vs JP¥45.49 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.32 (down from JP¥45.49 in 1Q 2023). Revenue: JP¥12.6b (up 8.9% from 1Q 2023). Net income: JP¥230.0m (down 44% from 1Q 2023). Profit margin: 1.8% (down from 3.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 19New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$66.9m).
Reported Earnings • Jun 21Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022)Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022)Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Crops Corporation, Annual General Meeting, Jun 16, 2023Crops Corporation, Annual General Meeting, Jun 16, 2023.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,306, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 184% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Reported Earnings • Feb 04Third quarter 2023 earnings released: EPS: JP¥43.60 (vs JP¥36.85 in 3Q 2022)Third quarter 2023 results: EPS: JP¥43.60 (up from JP¥36.85 in 3Q 2022). Revenue: JP¥12.6b (up 9.7% from 3Q 2022). Net income: JP¥394.0m (up 18% from 3Q 2022). Profit margin: 3.1% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 01Crops Corporation announced that it has received ¥433.86 million in funding from KDDI CorporationOn January 31, 2023, Crops Corporation closed the transaction.
お知らせ • Dec 08Crops Corporation announced that it expects to receive ¥433.86 million in funding from KDDI CorporationCrops Corporation announced that it will issue 420,000 common shares at issue price of ¥1033 per share for an aggregate gross proceeds of ¥433,860,000 on December 7, 2022. The transaction will include participation from KDDI Corporation. The transaction is expected to close on January 31, 2023. The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company.
お知らせ • Dec 04Crops Corporation to Report Q3, 2023 Results on Feb 03, 2023Crops Corporation announced that they will report Q3, 2023 results on Feb 03, 2023
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 06Second quarter 2023 earnings released: EPS: JP¥24.46 (vs JP¥32.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥24.46 (down from JP¥32.87 in 2Q 2022). Revenue: JP¥11.0b (flat on 2Q 2022). Net income: JP¥221.0m (down 26% from 2Q 2022). Profit margin: 2.0% (down from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 03Crops Corporation to Report Q2, 2023 Results on Nov 04, 2022Crops Corporation announced that they will report Q2, 2023 results on Nov 04, 2022
Reported Earnings • Aug 08First quarter 2023 earnings released: EPS: JP¥45.48 (vs JP¥40.17 in 1Q 2022)First quarter 2023 results: EPS: JP¥45.48 (up from JP¥40.17 in 1Q 2022). Revenue: JP¥11.6b (up 11% from 1Q 2022). Net income: JP¥411.0m (up 13% from 1Q 2022). Profit margin: 3.6% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 29Crops Corporation to Report Q1, 2023 Results on Aug 05, 2022Crops Corporation announced that they will report Q1, 2023 results on Aug 05, 2022
Reported Earnings • Jun 22Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021)Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year.
Reported Earnings • May 19Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021)Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Crops Corporation, Annual General Meeting, Jun 17, 2022Crops Corporation, Annual General Meeting, Jun 17, 2022.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 08Crops Corporation to Report Fiscal Year 2022 Results on May 13, 2022Crops Corporation announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%).
Reported Earnings • Feb 07Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥36.85 (down from JP¥37.19 in 3Q 2021). Revenue: JP¥11.4b (up 5.2% from 3Q 2021). Net income: JP¥333.0m (flat on 3Q 2021). Profit margin: 2.9% (down from 3.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥32.87 (vs JP¥31.73 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥10.9b (up 9.1% from 2Q 2021). Net income: JP¥297.0m (up 1.4% from 2Q 2021). Profit margin: 2.7% (down from 2.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 10First quarter 2022 earnings released: EPS JP¥40.17 (vs JP¥31.69 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥10.4b (up 12% from 1Q 2021). Net income: JP¥363.0m (up 20% from 1Q 2021). Profit margin: 3.5% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 24Full year 2021 earnings released: EPS JP¥92.44 (vs JP¥80.14 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • May 17Full year 2021 earnings released: EPS JP¥92.43 (vs JP¥80.14 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).
Is New 90 Day High Low • Mar 08New 90-day high: JP¥820The company is up 6.0% from its price of JP¥771 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period.
お知らせ • Mar 04Crops Corporation to Report Fiscal Year 2021 Results on May 14, 2021Crops Corporation announced that they will report fiscal year 2021 results on May 14, 2021
Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥37.19 (vs JP¥8.55 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥10.9b (down 1.5% from 3Q 2020). Net income: JP¥336.0m (up 310% from 3Q 2020). Profit margin: 3.1% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Dec 23New 90-day low: JP¥734The company is down 1.0% from its price of JP¥742 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.
お知らせ • Sep 03Crops Corporation to Report Q2, 2021 Results on Nov 04, 2020Crops Corporation announced that they will report Q2, 2021 results on Nov 04, 2020