Overview
Information & Communication

CROPS CORPORATION

Crops Co., Ltd. operates a diversified portfolio of seven business segments, with mobile telecommunications (au/UQ Mobile retail) as its core business, running 78 carrier shops primarily across the Tokai region and greater Tokyo area. The Group also operates staffing/dispatch services, building maintenance, restaurant property subleasing, real estate trading, stationery/daily goods wholesale, and HR administration outsourcing services across Asia (primarily Singapore and Vietnam). Key corporate relationships include KDDI, Meitetsu Group, and Isuzu Motors as major business partners and clients.

Market Cap
US$85.7M
¥13.7B
EV
US$49.4M
¥7.89B
StockUS$9.06(¥1,447)▲+5.93%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
1.7
x
LTM EV/EBIT
2.1
x
LTM PER
7.1
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.3%pt
1001
Nov 13, 25 – Nov 13, 26StockTOPIX
1Nov 13, 26Q2 FY2027/03 earnings announced
MC → EV Bridge
US$85.7M¥13.7BMarket CapUS$23.7M¥3.79B+ DebtUS$66.2M¥10.6B− CashUS$8.94M¥1.43B− Inv. Sec.US$15.2M¥2.42B+ NCIUS$49.4M¥7.89BEV
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Performance & Balance
Revenue 5Y (US$)
US$284M¥45.3B'22/3US$303M¥48.4B'23/3US$341M¥54.5B'24/3US$386M¥61.6B'25/3US$423M¥67.5B'26/3
EBITDA 5Y (US$)
US$17.8M¥2.84B'22/3US$16.2M¥2.58B'23/3US$16.4M¥2.62B'24/3US$18.5M¥2.96B'25/3US$25.2M¥4.02B'26/3
Net Income 5Y (US$)
US$9.25M¥1.48B'22/3US$7.36M¥1.18B'23/3US$7.55M¥1.21B'24/3US$6.21M¥0.99B'25/3US$5.80M¥0.93B'26/3
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$50.7M¥8.10BUS$12.7M¥2.02B'22/3US$49.2M¥7.87BUS$17.1M¥2.73B'23/3US$53.5M¥8.55BUS$18.0M¥2.87B'24/3US$58.7M¥9.38BUS$17.9M¥2.85B'25/3US$75.6M¥12.1BUS$21.8M¥3.47B'26/3
Business Segments
2026/03 · US$ (¥B)
44%
Mobile communication
Revenue
US$185M(¥29.6B)
Segment profit
US$5.17M(¥0.83B)2.8%
26%
Leasing business
Revenue
US$112M(¥17.8B)
Segment profit
US$9.69M(¥1.55B)8.7%
11%
Wholesale business
Revenue
US$46.2M(¥7.38B)
Segment profit
US$1.95M(¥0.31B)4.2%
10%
Building maintenance
Revenue
US$42.4M(¥6.77B)
Segment profit
US$2.17M(¥0.35B)5.1%
4.6%
Temporary employee placement
Revenue
US$19.5M(¥3.11B)
Segment profit
US$0.48M(¥0.08B)2.4%
3.3%
Real estate trading business
Revenue
US$13.9M(¥2.21B)
Segment profit
US$3.08M(¥0.49B)22.2%
1.0%
Overseas business
Revenue
US$4.16M(¥0.67B)
Segment profit
-US$0.01M(¥-0.00B)-0.2%
Adjustments
Revenue
-US$0.22M(¥-0.04B)
Segment profit
US$0.00M(¥0.00B)
Shareholders
Top 10 hold 82.4%
1
I.A.H. Co., Ltd.
34.14%
2
KDDI CORPORATION
20.32%
3
Yuki MAEDA
9.00%
4
Koshin KK Investment Limited Partnership
6.63%
5
UH Partners 2 Investment Limited Partnership
4.58%
6
The Shoko Chukin Bank, Ltd.
2.32%
7
Nagoya Railroad Co., Ltd.
2.11%
8
CROPS CORPORATION Employee Stock Ownership Association
1.20%
9
ISUZU MOTORS LIMITED
1.05%
10
HIKARI TSUSHIN,INC.
1.01%
Management
9 officers
Yuki MAEDA
Representative Director, President and Executive Officer
Apr 2011 Apr 2015 Jun 2018 Apr 2019 Apr 2020 Apr 2021 Joined Isuzu Motors Ltd. Apr 2021 Joined the Company Director, Sales Group 1 Manager Managing Director, in charge of Sales Strategy Department Managing Director, Head of Sales Division Jun 2022 Representative Director, President Jun 2025 Representative Director, President and Executive Officer Representative Director, President and Executive Officer, Head of Sales Division Jun 2026 Representative Director, President and Executive Officer (current)
1985-05-20
Tomoyuki INUKAI
Director and Executive Officer
Nov 2000 Joined Resort Trust, Inc. Apr 2007 Section Chief, Corporate Planning Department, same company Aug 2018 Joined Mitsubishi Motors Corporation Manager, Development Management Department, same company Jun 2023 Joined the Company, Manager, Management Control Group, Management Control Department, Corporate Planning Division Jun 2024 Executive Officer, Deputy Head of Corporate Planning Division, and General Manager, Management Control Department Jun 2025 Director and Executive Officer, Head of Corporate Planning Division, General Manager, Management Control Department, and General Manager, Information Systems Department Jun 2026 Director and Executive Officer, Head of Corporate Planning Division, and General Manager, Management Control Department (current)
1974-07-30
Megumi SHIBA
Director and Executive Officer
Apr 1997 Joined the Company Oct 2011 Leader, Sales Group 2, the Company Jan 2012 Manager, Sales Group 2, the Company Apr 2013 Manager, Sales Group 1, the Company Apr 2014 Manager, Sales Group 2, the Company Apr 2017 Manager, Sales Planning Department, the Company Apr 2020 General Manager, Sales Strategy Department, the Company Apr 2021 Head of Sales Division and General Manager, Sales Department, the Company Jun 2021 Director, Head of Sales Division, the Company Jun 2022 Executive Officer, Head of Sales Division, the Company Jun 2023 Director and Executive Officer, Head of Sales Division, the Company Jun 2025 Director and Executive Officer, General Manager, Sales Management Department, the Company (current)
1972-10-11
Takeshi IIDA
Director and Executive Officer
Jun 2000 Joined the Company May 2002 Manager, Finance and Accounting Group, the Company Dec 2003 Seconded to Isuzu Building Maintenance Co., Ltd. Apr 2010 Returned to the Company, Head of Corporate Planning Office Jun 2010 Director, Head of Corporate Planning Office, the Company Apr 2011 Manager, General Affairs and Human Resources Group, in charge of administration, the Company Apr 2013 Director, in charge of Sales Group 1 and Sales Group 2, General Manager, Sales Group 2, the Company Apr 2014 Director, in charge of Marketing Department, General Manager, Marketing Department, the Company Apr 2017 Director, in charge of Business Development Department, the Company Apr 2022 Executive Officer, General Manager, Business Development Department, the Company Jun 2022 Director and Executive Officer, General Manager, General Affairs Department, the Company Jun 2025 Director and Executive Officer, General Manager, Store Development Department, the Company (current)
1963-07-15
Mitsuhiro SUGIYAMA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1982 Joined Aichi Bank, Ltd., Personnel Department Oct 1997 Deputy Chief, International Department, Aichi Bank, Ltd. Jan 2010 Business Audit Supervisor, Audit Group, Business Audit Department, Aichi Bank, Ltd. Apr 2011 Branch Manager, Yagoto Branch, Aichi Bank, Ltd. Oct 2013 Branch Manager, Tokyo Branch, Aichi Bank, Ltd. Jun 2017 Deputy General Manager, Securities and Foreign Department, Aichi Bank, Ltd. Jun 2020 Contract Senior Officer, Personnel Group, Personnel Department, Aichi Bank, Ltd. Feb 2024 Attached to General Affairs Department, the Company Jun 2024 Executive Officer, the Company Director (Audit and Supervisory Committee Member), the Company (current)
1960-01-02
Keisuke SUGIURA
Director (Audit and Supervisory Committee Member)
Feb 1993 Joined Meinan Management Consultants Co., Ltd. (now Meinan Management Co., Ltd.) Jun 2000 Established Heisei FP Office Co., Ltd. (now OSP Co., Ltd.), Representative Director and President (current) Apr 2002 Director, Tosho Co., Ltd. Jun 2008 Audit & Supervisory Board Member, the Company Jun 2012 Director, Tosho Co., Ltd. Jun 2016 Director (Audit and Supervisory Committee Member), the Company (current)
1965-08-26
Kazuya TERASAWA
Director (Audit and Supervisory Committee Member)
Mar 2002 Passed Certified Public Accountant Examination Aug 2007 Joined Azusa Audit LLC (now Azusa Audit LLC, a limited liability audit corporation) Jul 2010 Established Terasawa Accounting Office, Representative (current) Mar 2011 Temporary Audit & Supervisory Board Member, the Company Jun 2011 Audit & Supervisory Board Member, the Company Jun 2015 Audit & Supervisory Board Member, the Company Jun 2016 Outside Director, Techno Horizon Holdings Co., Ltd. (now Techno Horizon Co., Ltd.) (current) Director (Audit and Supervisory Committee Member), the Company (current)
1974-11-07
Koji NAGAO
Director and Executive Officer
Feb 1998 Joined Shikoku Cellular Telephone Co., Ltd. (now KDDI Corporation) Apr 2013 Branch Manager, Hamamatsu Branch, Consumer Chubu Division, KDDI Corporation Apr 2016 Branch Manager, Nagano Branch, Consumer Chubu Division, KDDI Corporation Apr 2018 Group Leader, Group 2, Kanto Regional Branch 3, Consumer Kanto Division, KDDI Corporation Oct 2019 General Branch Manager, Kanto Regional Branch 1, Consumer Kanto Division, KDDI Corporation Apr 2023 Deputy General Manager, Consumer East Japan Agency Division, KDDI Corporation Apr 2026 Executive Officer, Special Assignment to the President, the Company Jun 2026 Director and Executive Officer, Special Assignment to the President, the Company (current)
1972-08-05
Satoshi AOKI
Director (Audit and Supervisory Committee Member)
Apr 2004 Joined KDDI Corporation Apr 2019 Group Leader, Shop Promotion Group, Sales Promotion Department, Consumer Sales Promotion General Division (now Consumer Sales Promotion General Division 1), KDDI Corporation Apr 2023 General Manager, Store Promotion Department, Consumer Sales Promotion General Division 1, KDDI Corporation Jun 2023 Apr 2024 Director (Audit and Supervisory Committee Member), the Company (current) General Manager, Sales Promotion General Division 2, Personal Core Business Division (current), KDDI Corporation
1982-03-20
Large Shareholding Reports
Koutsushin Co., Ltd.
2025-09-29
7.54%→7.54%
Annual report (as of 2026-03-31): 1.01%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-11-13
業績予想の修正
FY ending Mar 2027
EDINET
2026-11-13
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-13
Q2 Earnings Flash
FY ending Mar 2027
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-13
業績予想の修正
FY ending Mar 2026
TDnet
2026-05-13
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-11-13
業績予想の修正
EDINET
2025-09-29
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-19
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-07
Securities Registration Statement
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-17
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-18
Annual Securities Report
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