Overview
Other Products

Crossfor Co.,Ltd.

Crossfor is a Yamanashi-based jewelry manufacturer specializing in the design, manufacturing, and sales of jewelry and accessories for both domestic and international markets. The company's competitive strengths lie in proprietary patented technologies including 'Dancing Stone' (a mechanism that allows gemstones to oscillate without drilling, enhancing light reflection), 'EXL-LOCK' (a double-lock clasp enabling one-handed attachment), and 'Crossfor Cut,' with patents secured across more than 20 countries. Domestically, the company primarily serves jewelry wholesalers and retailers through OEM production under client brands, while internationally it supplies Dancing Stone components and finished products via subsidiaries in Hong Kong, China, Thailand, and India.

Market Cap
¥2.51B
US$16.0M
EV
¥4.24B
US$27.0M
Stock¥143▲+0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
19.7
x
LTM EV/EBIT
45.1
x
LTM PER
96.5
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 27, 26Activist investor begins shareholding
2Jun 12, 26Q3 FY2026/07 earnings announced
MC → EV Bridge
2.51BUS$16.0MMarket Cap2.87BUS$18.3M+ Debt1.14BUS$7.27M− Cash0.00BUS$0.00M− Inv. Sec.0.00BUS$0.00M+ NCI4.24BUS$27.0MEV
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Performance & Balance
Revenue 5Y (¥B)
3.10US$19.8M'22/73.01US$19.2M'23/73.41US$21.8M'24/73.76US$24.0M'25/75.54US$35.3M'26/7
EBITDA 5Y (¥B)
0.17US$1.09M'22/7-0.11-US$0.73M'23/70.10US$0.63M'24/70.17US$1.09M'25/70.22US$1.37M'26/7
Net Income 5Y (¥B)
0.22US$1.41M'22/7-0.27-US$1.73M'23/70.03US$0.18M'24/70.02US$0.14M'25/70.03US$0.17M'26/7
Capital Structure
40%
60%
EquityD/E 1.49xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.74US$4.69M2.77US$17.7M'22/70.60US$3.81M3.23US$20.6M'23/70.96US$6.12M3.19US$20.4M'24/70.63US$4.02M2.99US$19.0M'25/71.14US$7.27M2.87US$18.3M'26/7
Shareholders
Top 10 hold 53.2%
1
S.H Holdings Co., Ltd.
43.37%
2
Hideyuki DOBASHI
2.88%
3
Akihiko NAITO
1.45%
4
Shoko DOBASHI
1.06%
5
Takeshi YAMAGUCHI
1.00%
6
Tatsuya OKUNO
0.85%
7
Genki DOBASHI
0.73%
8
Tsubasa DOBASHI
0.73%
9
Shoji MOCHIZUKI
0.56%
10
Kaoru WATANABE
0.52%
Management
7 officers
Hideyuki DOBASHI
Representative Director & Chairman
Aug 1980 Founded Dobashi Gemstone Trading; Representative Aug 1987 Established Shibado Co., Ltd. (now the Company); Representative Director, President May 1989 Established Maker Himawari Co., Ltd.; Representative Director, President Sep 2007 Established Crossfor H.K. Ltd.; Representative Director Dec 2013 Established Crossfor (Thailand) Co., Ltd.; Representative Director Jan 2014 Representative Director, S.H Holdings Co., Ltd. (current) Feb 2016 Director, Crossfor H.K. Ltd. Jun 2016 Director, Crossfor (Thailand) Co., Ltd. Jul 2016 Director, Crossfor (Thailand) Co., Ltd. (resigned) Jul 2017 Director, Crossfor H.K. Ltd. (resigned) Oct 2025 Representative Director, Chairman May 2026 Representative Director, Chairman; in charge of EC Business Division (current)
1954-08-22
Akihiko NAITO
Representative Director, President
Apr 1990 Joined Chuo Bussan Co., Ltd. Mar 1992 Joined Shibado Co., Ltd. (now the Company) Oct 2004 General Manager, Sales Department Oct 2008 Director; General Manager, Sales Division Oct 2012 Senior Managing Director Jul 2017 Director, Crossfor H.K. Ltd. (current) Jul 2017 Director, Gesifu Zhubao (Shenzhen) Co., Ltd. (current) Dec 2017 Director, Executive Vice President Jun 2019 Director, Executive Vice President; in charge of Overseas Sales Apr 2020 Director, Executive Vice President; in charge of Overseas Sales and Merchandise Management Department Nov 2021 Director, Executive Vice President; in charge of Sales, Production and Planning Departments Sep 2024 Director, Crossfor (Thailand) Co., Ltd. (current) Dec 2024 Director, Crossfor India Private Limited (current) Oct 2025 Representative Director, President Aug 2026 Representative Director, President; in charge of Domestic Sales, Overseas Sales, Sales Promotion, Production, Brand PR Strategy Office and Management Planning Office (current)
1971-06-17
Takeshi YAMAGUCHI
Director
Apr 1997 Joined Tsunota Co., Ltd. Jul 2002 Joined Crossfor Co., Ltd. (former name of the Company) Feb 2014 Executive Officer; General Manager, Administration Department Feb 2016 Director; General Manager, Administration Division Jul 2017 Director, Crossfor H.K. Ltd. (current) Jul 2017 Director, Gesifu Zhubao (Shenzhen) Co., Ltd. (current) Jun 2019 Director; in charge of Merchandise Management Department, IR Promotion Office, and Legal and Intellectual Property Office Apr 2020 Director; in charge of Administration Department, IR Promotion Office and Intellectual Property Office Jan 2021 Director; in charge of Administration Department Oct 2022 Director; in charge of Administration Department and Management Planning Office Sep 2024 Director, Crossfor (Thailand) Co., Ltd. (current) Dec 2024 Director, Crossfor India Private Limited (current) Sep 2025 Representative Director, D.Tech Co., Ltd. (current) Aug 2026 Director; in charge of Administration Department (current)
1977-05-10
Teruo INOUE
Director (Outside)
Apr. 1967: Joined Yoshida Kogyo K.K. (now YKK Corporation). Feb. 1971: Seconded to YKK U.S.A. Inc. Apr. 1980: President & Director, YKK Austria GmbH. Apr. 1987: President & Director, YKK Germany GmbH. Jul. 1993: President & Director, YKK Europe Ltd. Jan. 1998: General Manager, International Business Division, Fastening Products Business, YKK Corporation. Jun. 2003: Deputy President & Director, Head of Fastening Products Business, YKK Corporation. Feb. 2008: Senior Managing Executive Officer, Fast Retailing Co., Ltd.; Senior Managing Executive Officer, Uniqlo Co., Ltd. Nov. 2011: Chairman & Director, INO Co., Ltd. (current). Feb. 2016: Outside Director, the Company (current). Mar. 2021: Outside Director, Unifirst Co., Ltd. (current). Sep. 2024: Outside Audit & Supervisory Board Member, Hirayama Holdings Co., Ltd. (current). Sep. 2025: Outside Director, Revivable Co., Ltd. (current).
1944-05-08
Nobuhiko YONEMITSU
Director (Audit and Supervisory Committee Member)
Apr. 1980: Joined Victor Company of Japan, Limited (now JVC Kenwood Corporation). Oct. 2008: Director, responsible for Corporate Planning, Business Planning, and Public Relations, concurrently General Manager of Corporate Planning, Victor Company of Japan. Jun. 2009: Director and General Manager, Software Entertainment Division, Victor Company of Japan; concurrently Deputy President & Director, Victor Entertainment, Inc. Jun. 2010: Deputy President & Director, Victor Entertainment, Inc. Jul. 2016: Senior Advisor, Nippon Record Center Co., Ltd. Nov. 2017: Advisor, the Company. Oct. 2018: Outside Director, the Company. Jun. 2019: Director, overseeing Corporate Planning and Administration, the Company. Apr. 2020: Director, overseeing Corporate Planning and Domestic Sales, the Company. Nov. 2021: Director, overseeing Corporate Planning, the Company. Oct. 2022: Audit & Supervisory Board Member, the Company. Oct. 2023: Director (Audit and Supervisory Committee Member), the Company (current).
1956-05-05
Shinichi MURATA
Director (Audit and Supervisory Committee Member)
Apr 1995 Registered as attorney-at-law; joined Kaneko Iwamatsu Law Office (current) Jun 2012 Outside Audit & Supervisory Board Member, Plaza Create Co., Ltd. (now Plaza Create Holdings Co., Ltd.) Feb 2014 Audit & Supervisory Board Member, the Company Mar 2015 Outside Audit & Supervisory Board Member, JMC Co., Ltd. (current) Jun 2018 Outside Director, Audit and Supervisory Committee Member, Plaza Create Holdings Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, Tsubota Laboratory Co., Ltd. (current) Oct 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1968-03-07
Takashi ONO
Director (Audit and Supervisory Committee Member)
Apr. 1999: Joined Asahi & Co. (now KPMG AZSA LLC). Feb. 2008: Joined Asahi Nagano Tax Corporation (now Agata Global Tax Corporation). Feb. 2014: Audit & Supervisory Board Member, the Company. Jan. 2016: Established Avance Consulting Co., Ltd., Representative Director (current). May 2017: Outside Audit & Supervisory Board Member, Itsumiya Co., Ltd. Jul. 2018: Outside Audit & Supervisory Board Member, Janpara Co., Ltd. Jul. 2020: Outside Audit & Supervisory Board Member, Moneytree K.K. Feb. 2022: Outside Audit & Supervisory Board Member, Origincell Therapeutics Co., Ltd. (current). Oct. 2023: Director (Audit and Supervisory Committee Member), the Company (current).
1975-03-02
Large Shareholding Reports
Tokuatsu FURUKAWA
2026-06-30
16.48%→15.90%
Growth Partners Co., Ltd.
2026-05-14
16.68%→16.48%
Growth Partners Co., Ltd.
2026-01-09
16.68%
S.H Holdings Co., Ltd.
2025-08-06
42.88%→42.64%
Annual report (as of 2026-07-31): 43.37%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Annual Securities Report
Period: Aug 2025 – Jul 2026
TDnet
2026-09-14
Full-Year Earnings Flash
FY ending Jul 2026
EDINET
2026-06-30
Large Shareholding Report
TDnet
2026-06-12
Q3 Earnings Flash
FY ending Jul 2026
EDINET
2026-05-14
Large Shareholding Report
EDINETAmended
2026-03-18
Amended Semi-Annual Securities Report
Period: Aug 2025 – Jul 2026
EDINET
2026-03-17
Semi-Annual Securities Report
Period: Aug 2025 – Jan 2026
EDINET
2026-01-09
Large Shareholding Report
TDnet
2025-12-15
Q1 Earnings Flash
FY ending Jul 2026
EDINET
2025-12-15
Securities Registration Statement
EDINET
2025-10-23
Annual Securities Report
Period: Aug 2024 – Jul 2025
EDINET
2025-08-06
Large Shareholding Report
TDnet
2025-06-13
Q3 Earnings Flash
FY ending Jul 2025
EDINET
2025-03-17
Semi-Annual Securities Report
Period: Aug 2024 – Jan 2025
TDnet
2024-12-13
Q1 Earnings Flash
FY ending Jul 2025
EDINET
2024-10-29
Annual Securities Report
Period: Aug 2023 – Jul 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2023-12-15
Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINET
2023-10-27
Annual Securities Report
Period: Aug 2022 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-17
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINET
2022-12-15
Quarterly Securities Report
EDINET
2022-10-27
Annual Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-03-16
Quarterly Securities Report
EDINET
2021-12-15
Quarterly Securities Report
EDINET
2021-10-29
Annual Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-03-16
Quarterly Securities Report
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