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Crops Corporation

9428.T

JPXCommunication ServicesTelecommunications Services

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Latest quote

¥1,489

−¥11.00 · -0.73%

Aug 24, 3:24 PM JST

9428.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Nagoya, Japan, Crops Corporation was founded in 1977. Its core business revolves around the retail and support services for mobile phones throughout Japan, where it boasted a network of 46 outlets as of September 1, 2020. Beyond this, the corporation diversifies its operations into areas such as temporary workforce provision, building upkeep, security management, commercial property rental for restaurants, and the supply and strategic procurement of both local and international stationery items.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
JP
CEO
Yuki Maeda
Listed since
Mar 18, 2013
Employees
1,364

Market position

Day range

Current ¥1,489

52-week range

Current ¥1,489

Open
¥1,489
Previous close
¥1,500
Volume
700
0.51× average
Average volume
1.37K
Average daily volume
Market cap
14.08B JPY
Beta
0.49
Market reference 1
50-day average
¥1,327.66
+12.15% above average
200-day average
¥1,381.19
+7.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.21B JPY
P/E (TTM)
12.21×
P/B (TTM)
1.05×
P/S (TTM)
0.2×
EV / EBITDA
1.83×
Earnings yield
6.90%
Free cash flow yield
22.10%
Dividend yield
1.95%

Profitability & efficiency

Gross margin
26.54%
Operating margin
5.43%
Net margin
1.65%
Return on equity
6.96%
Return on assets
2.28%
Return on invested capital
6.54%

Financial health

Debt / equity
0.28×
Current ratio
1.72×
Altman Z-score
3.13
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%19%9%-1%Gross margin, FY2021: 25.29%Gross margin, FY2022: 25.31%Gross margin, FY2023: 25.10%Gross margin, FY2024: 24.66%Gross margin, FY2025: 26.21%Operating margin, FY2021: 5.54%Operating margin, FY2022: 4.70%Operating margin, FY2023: 3.88%Operating margin, FY2024: 3.89%Operating margin, FY2025: 5.34%Net margin, FY2021: 3.26%Net margin, FY2022: 2.43%Net margin, FY2023: 2.21%Net margin, FY2024: 1.61%Net margin, FY2025: 1.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.29%. Gross margin FY2022 25.31%. Gross margin FY2023 25.10%. Gross margin FY2024 24.66%. Gross margin FY2025 26.21%. Operating margin FY2021 5.54%. Operating margin FY2022 4.70%. Operating margin FY2023 3.88%. Operating margin FY2024 3.89%. Operating margin FY2025 5.34%. Net margin FY2021 3.26%. Net margin FY2022 2.43%. Net margin FY2023 2.21%. Net margin FY2024 1.61%. Net margin FY2025 1.37%.

Income trends

Revenue

67.5B JPY+9.63%

Operating income

3.6B JPY+50.52%

Net income

927M JPY-6.55%
Income trends across reported periods74.15B JPY47.53B JPY20.9B JPY−5.73B JPYRevenue, FY2021: 45.32B JPYRevenue, FY2022: 48.38B JPYRevenue, FY2023: 54.49B JPYRevenue, FY2024: 61.57B JPYRevenue, FY2025: 67.5B JPYOperating income, FY2021: 2.51B JPYOperating income, FY2022: 2.27B JPYOperating income, FY2023: 2.11B JPYOperating income, FY2024: 2.39B JPYOperating income, FY2025: 3.6B JPYNet income, FY2021: 1.48B JPYNet income, FY2022: 1.18B JPYNet income, FY2023: 1.21B JPYNet income, FY2024: 992M JPYNet income, FY2025: 927M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 45.32B JPY. Revenue FY2022 48.38B JPY. Revenue FY2023 54.49B JPY. Revenue FY2024 61.57B JPY. Revenue FY2025 67.5B JPY. Operating income FY2021 2.51B JPY. Operating income FY2022 2.27B JPY. Operating income FY2023 2.11B JPY. Operating income FY2024 2.39B JPY. Operating income FY2025 3.6B JPY. Net income FY2021 1.48B JPY. Net income FY2022 1.18B JPY. Net income FY2023 1.21B JPY. Net income FY2024 992M JPY. Net income FY2025 927M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue67.5B JPY61.57B JPY54.49B JPY48.38B JPY45.32B JPY
Cost of goods sold49.81B JPY46.39B JPY40.81B JPY36.14B JPY33.86B JPY
Gross profit17.69B JPY15.18B JPY13.68B JPY12.24B JPY11.46B JPY
Selling, general, and administrative14.09B JPY12.76B JPY11.55B JPY9.97B JPY8.95B JPY
Operating expenses14.09B JPY12.79B JPY11.57B JPY9.97B JPY8.95B JPY
Interest income63M JPY57M JPY49M JPY41M JPY25M JPY
Interest expense25M JPY15M JPY9M JPY7M JPY7M JPY
Depreciation and amortization420M JPY566M JPY495M JPY310M JPY336M JPY
Operating income3.6B JPY2.39B JPY2.11B JPY2.27B JPY2.51B JPY
Net income927M JPY992M JPY1.21B JPY1.18B JPY1.48B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
55.64

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates78.2538.14-1.98-42.09Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 25.91, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 28.8, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 64.49, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 31.66, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual -33.79, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 69.95, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 30.15, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 55.64, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates19.61B17.89B16.16B14.44BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 15.2B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual 16.05B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 16.31B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 15.72B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 15.51B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 17.41B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 18.85B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 17.91B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥20.00

2025 complete year+17.6% since 2021

2026 partial: ¥29.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥32.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥29.00

Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Mar 28, 2025

¥20.00

Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Mar 28, 2024

¥20.00

Annual

Record Mar 31, 2024 · Payment Jun 24, 2024

Dividend

Ex-dividend Mar 30, 2023

¥20.00

Annual

Record Mar 31, 2023 · Payment Jun 19, 2023

Dividend

Ex-dividend Mar 30, 2022

¥20.00

Annual

Record Mar 31, 2022 · Payment Jun 20, 2022

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