CropsCROPS CORPORATION9428東証スタンダード情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Crops revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +9.6% from the prior year, operating profit +50.6%.

Five-year trend

Revenue¥67.5B
FY ending Mar 2022: ¥45.3B¥45.3BFY ending Mar 2023: ¥48.4B¥48.4BFY ending Mar 2024: ¥54.5B¥54.5BFY ending Mar 2025: ¥61.6B¥61.6BFY ending Mar 2026: ¥67.5B¥67.5BFY22FY23FY24FY25FY26
Operating income¥3.6B
FY ending Mar 2022: ¥2.51B¥2.51BFY ending Mar 2023: ¥2.27B¥2.27BFY ending Mar 2024: ¥2.13B¥2.13BFY ending Mar 2025: ¥2.39B¥2.39BFY ending Mar 2026: ¥3.6B¥3.6BFY22FY23FY24FY25FY26
Operating margin5.3%
FY ending Mar 2022: 5.5%5.5%FY ending Mar 2023: 4.7%4.7%FY ending Mar 2024: 3.9%3.9%FY ending Mar 2025: 3.9%3.9%FY ending Mar 2026: 5.3%5.3%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin1.4%
Asset turnover1.76×
ROA2.4%
ROA2.4%
Financial leverage3.18×
ROE7.7%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin1.4%
2022: 3.3%3.3%2023: 2.4%2.4%2024: 2.2%2.2%2025: 1.6%1.6%2026: 1.4%1.4%2223242526
Asset turnover1.76×
2022: 1.65×1.65×2023: 1.66×1.66×2024: 1.70×1.70×2025: 1.77×1.77×2026: 1.76×1.76×2223242526
ROA2.4%
2022: 5.4%5.4%2023: 4.0%4.0%2024: 3.8%3.8%2025: 2.9%2.9%2026: 2.4%2.4%2223242526
Financial leverage3.18×
2022: 3.01×3.01×2023: 3.02×3.02×2024: 3.04×3.04×2025: 3.07×3.07×2026: 3.18×3.18×2223242526
ROE7.7%
2022: 16.2%16.2%2023: 12.2%12.2%2024: 11.5%11.5%2025: 8.8%8.8%2026: 7.7%7.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.3%1.65×5.4%3.01×16.2%
20232.4%1.66×4.0%3.02×12.2%
20242.2%1.70×3.8%3.04×11.5%
20251.6%1.77×2.9%3.07×8.8%
20261.4%1.76×2.4%3.18×7.7%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue5.8%
2021: 8.0%8.0%2022: 8.0%8.0%2023: 7.6%7.6%2024: 6.9%6.9%2025: 5.5%5.5%2026: 5.8%5.8%212223242526
PPE ÷ total assets9.7%
2021: 13.3%13.3%2022: 13.2%13.2%2023: 12.0%12.0%2024: 11.3%11.3%2025: 9.4%9.4%2026: 9.7%9.7%212223242526
Goodwill ÷ parent equity5.8%
2021: 1.2%1.2%2022: 0.2%0.2%2023: 2.3%2.3%2024: 9.7%9.7%2025: 7.7%7.7%2026: 5.8%5.8%212223242526
Goodwill balance¥721M
2021: ¥95M¥95M2022: ¥22M¥22M2023: ¥231M¥231M2024: ¥1.06B¥1.06B2025: ¥899M¥899M2026: ¥721M¥721M212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Receivable days38d
2021: 36d36d2025: 37d37d2026: 38d38d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue45,31848,38054,48761,56867,497
Cost of revenue33,85536,13740,80946,38849,805
Gross profit11,46312,24313,67815,17917,691
SG&A8,9549,97111,55112,78814,090
Operating income2,5082,2722,1272,3913,601
Pretax income2,6242,3772,2522,3282,945
Income tax8117417228521,383
Net income attributable to owners1,4771,1751,206991926
Operating margin5.5%4.7%3.9%3.9%5.3%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 26%
Receivables 17%
Property, plant and equipment 10%
4%
3%
Other assets 40%

Funding

Other liabilities 61%
Equity 39%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥7.29B¥7.01B¥7.47B¥8.3B¥10.6B
Total assets¥27.5B¥30.7B¥33.4B¥36.1B¥40.7B
Net assets¥11.4B¥12.5B¥13.2B¥14.3B¥15.9B
Share capital¥255M¥255M¥255M¥255M¥255M
Trade receivables———¥6.29B¥6.95B
Property, plant and equipment¥3.63B¥3.7B¥3.78B¥3.39B¥3.94B
Intangible assets excluding goodwill¥113M¥322M¥1.23B¥1.08B¥859M
Goodwill¥22M¥231M¥1.06B¥899M¥721M
Investment securities¥813M¥857M¥1.08B¥1.07B¥1.43B
Current assets¥15.5B¥16.4B¥18.5B¥21.1B¥24.3B
Current liabilities¥8.56B¥10B¥11.2B¥11.7B¥14.1B
Short-term borrowings¥1.4B¥2.35B¥2.65B¥1.9B¥2.36B
Long-term borrowings¥376M¥214M¥122M¥656M¥887M
Total liabilities¥16.1B¥18.2B¥20.2B¥21.8B¥24.9B
Non-controlling interests¥1.95B¥1.95B¥1.81B¥2.11B¥2.56B
Equity attributable to owners of parent¥9.14B¥10.2B¥10.9B¥11.7B¥12.5B
Retained earnings¥7.84B¥8.84B¥9.86B¥10.7B¥11.4B
Treasury stock-¥414M-¥104M-¥104M-¥104M-¥104M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第49期(2025/04/01-2026/03/31)

    ID S100YDQV2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(2024/04/01-2025/03/31)

    ID S100W23S2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第47期(2023/04/01-2024/03/31)

    ID S100TR4F2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第46期(2022/04/01-2023/03/31)

    ID S100QZ452023-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第45期(令和3年4月1日-令和4年3月31日)

    ID S100O9IA2022-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(令和2年4月1日-令和3年3月31日)

    ID S100LKFA2021-06-18Open

Extracted from XBRL: 52 / Derived from other figures: 1

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