Why is Cross Plus Inc. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Operating profit has grown by an annual rate 14.54%
3
Flat results in Oct 25
- INTEREST(Q) At JPY 5 MM has Grown at 25%
- INVENTORY TURNOVER RATIO(HY) Lowest at 9.7 times
4
With ROCE of 6.64%, it has a very attractive valuation with a 0.47 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 27.25%, its profits have fallen by -35.2%
How much should you hold?
- Overall Portfolio exposure to Cross Plus Inc. should be less than 10%
- Overall Portfolio exposure to Footwear should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Footwear)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Cross Plus Inc. for you?
Low Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Cross Plus Inc.
27.25%
1.55
23.27%
Japan Nikkei 225
36.73%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
1.17%
EBIT Growth (5y)
14.54%
EBIT to Interest (avg)
35.22
Debt to EBITDA (avg)
0.75
Net Debt to Equity (avg)
-0.08
Sales to Capital Employed (avg)
2.93
Tax Ratio
16.50%
Dividend Payout Ratio
17.20%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
7.74%
ROE (avg)
8.07%
Valuation Key Factors 
Factor
Value
P/E Ratio
7
Industry P/E
Price to Book Value
0.51
EV to EBIT
7.02
EV to EBITDA
5.54
EV to Capital Employed
0.47
EV to Sales
0.12
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
6.64%
ROE (Latest)
7.76%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
No Trend
No Trend
Technical Movement
2What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -13.48% (YoY
NET PROFIT(9M)
Higher at JPY 1,513.79 MM
-3What is not working for the Company
INTEREST(Q)
At JPY 5 MM has Grown at 25%
INVENTORY TURNOVER RATIO(HY)
Lowest at 9.7 times
Here's what is working for Cross Plus Inc.
Net Profit
Higher at JPY 1,513.79 MM
than preceding 12 month period ended Oct 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Raw Material Cost
Fallen by -13.48% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Cross Plus Inc.
Interest
At JPY 5 MM has Grown at 25%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Inventory Turnover Ratio
Lowest at 9.7 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






