Max Co., Ltd. (JP:6454)
:6454
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Max Co., Ltd.
(6454)
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Rating:73Outperform
Price Target:
¥2,003.00
▼(-69.47% Downside)
Action:ReiteratedDate:02/01/26
Overall score is driven by strong financial performance (expanding margins, accelerating TTM growth, and a very low-debt balance sheet). This is offset by weak near-term technical momentum (below key moving averages with negative MACD). Valuation is acceptable but not clearly cheap given the P/E and modest dividend yield.
Positive Factors
High profitability and expanding margins
Sustained, high gross and operating margins with accelerating TTM revenue indicate durable pricing power and cost control in core fastening/tool products. These margin levels support reinvestment and withstand modest volume weakness, strengthening long-term cash earnings quality.
Negative Factors
Historically uneven growth
The company's historical revenue and earnings trajectory has been inconsistent, which raises persistence risk for the recent acceleration. If demand or mix reverts, management may find it challenging to maintain current growth and margin trends over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and expanding margins
Sustained, high gross and operating margins with accelerating TTM revenue indicate durable pricing power and cost control in core fastening/tool products. These margin levels support reinvestment and withstand modest volume weakness, strengthening long-term cash earnings quality.
Read all positive factors
Max Co., Ltd. (6454) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥314.75B
Dividend Yield1.68%
Average Volume (3M)52.41K
Price to Earnings (P/E)21.0
Beta (1Y)0.58
Revenue Growth8.46%
EPS Growth26.64%
CountryJP
Employees2,456
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)16.66
Shares Outstanding186,149,700
10 Day Avg. Volume60,270
30 Day Avg. Volume52,410
Financial Highlights & Ratios
PEG Ratio2.03
Price to Book (P/B)1.86
Price to Sales (P/S)2.15
P/FCF Ratio16.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)80.63
Revenue Forecast (FY)¥103.60B
Max Co., Ltd. Business Overview & Revenue Model
Company Description
Max Co., Ltd. (6454) is a prominent player in the manufacturing sector, primarily focusing on the production of high-quality electronic components and devices. The company operates within various sectors, including consumer electronics, automotive...
How the Company Makes Money
Max Co., Ltd. generates revenue primarily by selling industrial fastening and tool products into professional markets. Key revenue streams include (1) sales of powered and manual fastening tools and related equipment used by construction and indus...
Max Co., Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.15B | 91.84B | 86.64B | 84.32B | 73.96B | 64.03B |
| Gross Profit | 46.12B | 42.61B | 38.65B | 35.01B | 30.38B | 26.56B |
| EBITDA | 20.13B | 17.78B | 15.65B | 12.94B | 10.31B | 9.19B |
| Net Income | 13.02B | 11.23B | 10.44B | 7.62B | 6.09B | 5.15B |
Balance Sheet | ||||||
| Total Assets | 128.01B | 124.61B | 121.72B | 116.74B | 109.04B | 102.54B |
| Cash, Cash Equivalents and Short-Term Investments | 40.01B | 43.66B | 38.22B | 33.82B | 28.11B | 25.33B |
| Total Debt | 875.00M | 1.52B | 1.77B | 2.65B | 2.63B | 2.60B |
| Total Liabilities | 18.54B | 18.57B | 21.87B | 27.83B | 25.90B | 23.84B |
| Stockholders Equity | 109.32B | 105.91B | 99.73B | 88.80B | 83.04B | 78.60B |
Cash Flow | ||||||
| Free Cash Flow | 12.47B | 11.84B | 9.39B | 4.83B | 1.47B | 3.71B |
| Operating Cash Flow | 15.69B | 14.59B | 12.12B | 8.25B | 5.63B | 8.80B |
| Investing Cash Flow | -5.41B | -1.75B | -3.71B | -1.08B | -1.65B | -5.35B |
| Financing Cash Flow | -13.56B | -7.61B | -7.20B | -3.33B | -3.27B | -4.48B |
Max Co., Ltd. Technical Analysis
Positive
6560.00
Price Trends
1656.57
Positive
1645.03
Positive
1492.15
Positive
Market Momentum
5.97
Negative
58.82
Neutral
64.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6454, the sentiment is Positive. The current price of 6560 is above the 20-day moving average (MA) of 1654.03, above the 50-day MA of 1656.57, and above the 200-day MA of 1492.15, indicating a bullish trend. The MACD of 5.97 indicates Negative momentum. The RSI at 58.82 is Neutral, neither overbought nor oversold. The STOCH value of 64.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6454.
Max Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥107.45B | 14.20 | ― | 3.38% | 6.22% | -20.48% | |
79 Outperform | ¥35.47B | 8.57 | ― | 1.78% | 7.40% | 24.45% | |
73 Outperform | ¥314.75B | 20.97 | ― | 1.68% | 8.46% | 26.64% | |
73 Outperform | ¥53.57B | 13.47 | ― | 3.00% | 10.00% | 12.37% | |
67 Neutral | ¥159.93B | 6.77 | ― | 1.72% | 36.62% | 24.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥142.63B | 9.09 | ― | 2.42% | 8.46% | -3.62% |
* Industrials Sector Average
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Max Co., Ltd. Corporate Events
Max Co. Delivers Strong FY2026 Earnings, Lifts Dividend and Sets Modest Growth Outlook
Apr 30, 2026
Max Co., Ltd. reported robust results for the fiscal year ended March 31, 2026, with net sales rising 8.5% to ¥99.6 billion and profit attributable to owners of parent climbing 23.8% to ¥13.9 billion, supported by higher margins that lif...
Max Co. outlines FY2025 results, FY2026 plan and capital policy shift
Apr 30, 2026
Max Co., Ltd. reported its group-wide financial results for fiscal 2025, detailing quarterly net sales trends, operating profit drivers and segment performance across industrial, office and HCR equipment. The company also provided data on overseas...
Max Co., Ltd. Targets Higher Profits and Dividends on Back of Steady Sales Growth
Apr 30, 2026
Max Co., Ltd. reported steady top-line and profit growth, with consolidated net sales rising from ¥86.6 billion in FY2023 to ¥99.6 billion in FY2025 and a further increase to ¥105.5 billion planned for FY2026. Operating profit expan...
Max Co. Raises Dividend and Tightens Shareholder Return Policy
Apr 30, 2026
Max Co., Ltd. has approved an increased year-end dividend of 148 yen per share for the fiscal year ended March 31, 2026, up from 114 yen the previous year, reflecting its focus on shareholder returns and stronger financial performance. The higher ...
Max Co. Launches Up to ¥7.1 Billion Share Buyback to Lift Capital Efficiency
Apr 30, 2026
Max Co., Ltd. has authorized a new share buyback program aimed at enhancing shareholder returns and improving capital efficiency, reflecting management’s confidence in the company’s financial position after its recent stock split. The ...
Max Co., Ltd. Revises Pension Accounting in Nine-Month Financial Results
Mar 25, 2026
Max Co., Ltd. announced corrections to its consolidated financial results for the nine months ended December 31, 2025, after discovering an error in the accounting treatment of its defined benefit pension plan. Pension assets exceeding pension lia...
Max Co. Corrects Pension and Cash Flow Accounting in First-Half 2025 Results
Mar 25, 2026
Max Co., Ltd. has corrected previously released consolidated financial results for the six months ended September 30, 2025, after identifying errors in the accounting treatment of retirement benefit assets and liabilities under its defined benefit...
Max Co., Ltd. Restates Q1 FY2025 Results Over Pension and Cash Flow Errors
Mar 25, 2026
Max Co., Ltd. has corrected previously released consolidated financial results for the three months ended June 30, 2025, after discovering misstatements related to retirement benefit accounting and certain cash flow items. The revisions reclassify...
Max Co., Ltd. Corrects Pension Accounting in FY2025 Results, Adjusts Balance Sheet Metrics
Mar 25, 2026
Max Co., Ltd. has corrected previously released consolidated financial results for the fiscal year ended March 31, 2025, after identifying an error in the accounting treatment of its defined benefit pension plan. Pension assets that exceeded pensi...
Max Co., Ltd. Corrects Pension Accounting Error, Lifts Reported Assets
Mar 25, 2026
Max Co., Ltd. has revised its consolidated financial statements for the nine months ended December 31, 2025, after discovering an error in the accounting for its defined benefit pension plan. Pension assets under this plan exceeded pension liabili...
Max Co., Ltd. Restates Retirement Benefit Accounting, Affirms Profit Growth Trend
Mar 25, 2026
Max Co., Ltd. has corrected its semi-annual consolidated financial statements for FY2025 after identifying an error in how retirement benefit-related assets and liabilities under its defined benefit pension plan were recorded. Pension assets that ...
Max Co. Corrects Pension Accounting, Refines Balance Sheet While Keeping Growth Outlook
Mar 25, 2026
Max Co., Ltd. has corrected its supplementary explanatory notes to the consolidated financial statements for the quarter ended June 30, 2025, after identifying an error in the accounting treatment of retirement benefit-related assets and liabiliti...
Max Co. Corrects Pension Accounting as Profits and Margins Continue to Climb
Mar 25, 2026
Max Co., Ltd. has reported consistent growth in consolidated net sales from ¥84.3 billion in FY2022 to ¥91.8 billion in FY2024, with operating profit rising from ¥9.9 billion to ¥14.5 billion and operating margins improving to ...
Max Co., Ltd. Overhauls Senior Management in Broad April 2026 Reorganization
Mar 9, 2026
Max Co., Ltd. has approved a wide-ranging set of senior management and executive officer changes, effective April 1, 2026, as part of a reorganization of its corporate operations, sales, international business, and manufacturing functions. The boa...
Max Co., Ltd. Lifts FY2026 Earnings Outlook and Ups Dividend Forecast
Mar 9, 2026
Max Co., Ltd., a Prime Market-listed Japanese manufacturer, emphasizes disciplined capital allocation through a dividend policy targeting a 5.0% ratio of dividends to net assets and a 50% payout ratio based on consolidated results. This approach u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.