Maxell, Ltd. (6810) AI Stock Analysis

• Market Cap: ¥82.70B
• Dividend Yield: 2.6%
• Average Volume (3M): 123.03K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 0.96
• Revenue Growth: 0.52%
• EPS Growth: -44.10%
• Country: JP
• Employees: 3,956
• Sector: Technology
• Sector Strength: 91
• Industry: Consumer Electronics
• EPS (TTM): -32.35
• Shares Outstanding: 46,956,200
• 10 Day Avg. Volume: 109,800
• 30 Day Avg. Volume: 123,033
• PEG Ratio: -0.46
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,550.00
• Price Target Upside: 32.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 68 Neutral
• Price Target: ¥1,959.00 ▲(2.03%Upside)

Maxell, Ltd. scores a 68, driven by a strong balance sheet and stable financial performance despite challenges with revenue and cash flow. Technical indicators suggest moderate market sentiment, while valuation metrics provide a balanced outlook. The absence of earnings call data and notable corporate events limits further insights.

Maxell, Ltd. Business Overview & Revenue Model

Company Description

Maxell, Ltd. (6810) is a Japanese company that operates primarily in the electronics and energy sectors. Founded in 1960, the company is renowned for its production of batteries, including consumer alkaline batteries, rechargeable batteries, and industrial-use batteries. Additionally, Maxell produces a variety of electronic components, optical components, and functional materials. The company also engages in the development and sale of life-related products, such as health and beauty care items, as well as data storage media products, showcasing a diversified product portfolio that caters to both consumer and industrial markets globally.

How the Company Makes Money

Maxell, Ltd. generates revenue through multiple streams, primarily driven by the sales of its battery products, which cater to a wide range of applications from consumer electronics to industrial machinery. The company's electronic and optical components, including sensors and lenses, also contribute significantly to its earnings. Furthermore, Maxell's functional materials, which are used in various industrial applications, provide a steady source of income. The company benefits from its strong global distribution network and strategic partnerships with manufacturers and retailers, enhancing its market reach and sales volume. In addition to product sales, Maxell may also earn revenue through licensing agreements and collaborations that leverage its technological expertise in energy and electronics.

Maxell, Ltd. Financial Statement Overview

Summary

Maxell, Ltd. demonstrates a stable financial foundation with a strong balance sheet characterized by a low debt-to-equity ratio and robust equity ratio. However, challenges with declining revenue growth and net profit margins, coupled with cash flow pressures, suggest moderate overall financial performance.

Income Statement

Maxell, Ltd. has shown moderate profitability with a gross profit margin of around 24.5% in 2025. The net profit margin has decreased to 3.2% from 5.8% in 2024, indicating a decline in net income. Revenue growth is slightly negative at -0.5%, showing a decline in sales. The EBIT margin improved to 7.2%, reflecting better operational efficiency. However, the EBITDA margin dropped to 9.0%, indicating pressure on operating cash flow.

Balance Sheet

The company's balance sheet is strong with a debt-to-equity ratio of 0.21, indicating conservative leverage. The equity ratio is robust at 55.5%, suggesting financial stability. Return on Equity (ROE) has decreased to 4.5%, showing reduced profitability. Overall, the balance sheet indicates a stable financial position with low risk associated with high debt levels.

Cash Flow

Free cash flow has decreased significantly from 2024, reflecting a decline in liquidity. The operating cash flow to net income ratio is high at 2.4, suggesting effective cash generation relative to net income. However, the free cash flow to net income ratio is lower at 0.5, indicating a strain on cash flow relative to profitability.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	129.81B	129.14B	132.78B	138.22B	139.06B
Gross Profit	31.86B	33.28B	30.10B	34.60B	30.06B
EBITDA	11.66B	14.02B	12.15B	3.69B	-1.55B
Net Income	4.09B	7.54B	5.19B	-3.66B	-9.37B
Balance Sheet
Total Assets	164.51B	171.10B	168.18B	177.53B	176.81B
Cash, Cash Equivalents and Short-Term Investments	33.07B	38.66B	38.86B	46.62B	34.17B
Total Debt	18.84B	18.34B	25.99B	32.86B	38.07B
Total Liabilities	70.34B	73.79B	82.24B	92.92B	93.21B
Stockholders Equity	91.36B	93.89B	82.82B	81.50B	81.16B
Cash Flow
Free Cash Flow	1.99B	7.64B	-1.52B	13.30B	6.28B
Operating Cash Flow	9.84B	14.24B	4.00B	18.44B	13.03B
Investing Cash Flow	-8.03B	-4.85B	1.71B	-3.91B	8.04B
Financing Cash Flow	-7.75B	-9.49B	-13.98B	-6.21B	-11.89B

Maxell, Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1920.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6810, the sentiment is Positive. The current price of 1920 is above the 20-day moving average (MA) of 1866.35, above the 50-day MA of 1815.12, and above the 200-day MA of 1807.93, indicating a bullish trend. The MACD of 12.83 indicates Positive momentum. The RSI at 64.74 is Neutral, neither overbought nor oversold. The STOCH value of 58.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6810.

Maxell, Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6794	74 Outperform	¥40.32B	10.36		3.31%	12.38%	68.86%
6632	71 Outperform	€189.82B	9.31	16.78%	1.19%	3.02%	60.53%
6952	69 Neutral	¥271.25B	33.80	3.45%	3.78%	-2.63%	-31.17%
Sector *	68 Neutral	¥232.03B	14.76	7.50%	2.61%	9.28%	6.75%
6810	68 Neutral	¥82.70B	20.62		2.60%	0.52%	-44.10%
6736	64 Neutral	¥122.31B	7.11	40.05%	1.82%	7.88%	―
6753	51 Neutral	¥439.87B	12.19		―	-6.97%	―

Maxell, Ltd. Corporate Events

Maxell Acquires Murata’s Primary Battery Business to Boost Growth

Maxell, Ltd. has announced its acquisition of the micro primary battery business from Murata Manufacturing Co., Ltd. and Tohoku Murata Manufacturing Co., Ltd. This strategic move aligns with Maxell’s mid-term management plan to reform its business portfolio by focusing on high-growth and profitable sectors. The acquisition is expected to generate significant synergies, boosting technological development, productivity, and sales channels, with an anticipated increase in annual net sales by approximately 10 billion yen.

The most recent analyst rating on (JP:6810) stock is a Sell with a Yen1700.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.

Maxell, Ltd. Announces Year-End Dividend Amid Strategic Focus

Maxell, Ltd. announced a year-end dividend of 25.00 yen per share, maintaining its commitment to stable shareholder returns despite a decrease from the previous year’s 30.00 yen. This decision aligns with their Mid-term Management Plan MEX26, which aims to enhance shareholder returns with a target total payout ratio over 100%, reflecting a strategic focus on balancing immediate returns with long-term business development.

The most recent analyst rating on (JP:6810) stock is a Sell with a Yen1700.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.

Maxell Announces Strategic Initiatives for Sustainable Growth

Maxell, Ltd. has announced its strategic initiatives under the Mid-Term Management Plan MEX26, aimed at enhancing management awareness of cost of capital and stock price. The company is accelerating growth in its Analog Core Business Group, discontinuing prismatic lithium-ion battery production, and focusing on all-solid-state batteries. Financial strategies include growth investments and enhanced shareholder returns through share buybacks and dividends, with a commitment to sustainable growth and long-term corporate value enhancement.

Maxell Reports Mixed Financial Results for Fiscal Year 2025

Maxell, Ltd. reported a decrease in net sales for the fiscal year ending March 31, 2025, compared to the previous year, primarily due to reduced sales of rechargeable batteries and automotive optical components. However, the company experienced an increase in operating, ordinary, and net profits, driven by higher sales of primary batteries and increased dividend income from subsidiaries. This financial performance highlights Maxell’s strategic focus on optimizing its product mix and leveraging favorable currency conditions.

Maxell, Ltd. Reports Fiscal Year 2025 Financial Results and Future Outlook

Maxell, Ltd. reported a slight increase in net sales for the fiscal year ending March 31, 2025, with a 0.5% rise to 129,806 million yen. Despite this, the company’s profit attributable to owners of the parent dropped significantly by 45.8% to 4,090 million yen, largely due to decreased comprehensive income and changes in accounting standards. The company has introduced a performance-linked share-based remuneration system and forecasts a 5.2% increase in net sales for the next fiscal year, alongside a 71.1% rise in profit attributable to owners of the parent, reflecting a strategic focus on improving profitability.