Maxell, Ltd. (6810) AI Stock Analysis

• Market Cap: ¥84.60B
• Dividend Yield: 2.52%
• Average Volume (3M): 129.76K
• Price to Earnings (P/E): 24.4
• Beta (1Y): 0.94
• Revenue Growth: 0.31%
• EPS Growth: -50.17%
• Country: JP
• Employees: 3,956
• Sector: Technology
• Sector Strength: 94
• Industry: Consumer Electronics
• EPS (TTM): 36.94
• Shares Outstanding: 46,956,200
• 10 Day Avg. Volume: 140,640
• 30 Day Avg. Volume: 129,763
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• 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: ¥2,395.33
• Price Target Upside: 21.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 57 Neutral
• Price Target: ¥2,086.00 ▲(6.21% Upside)

Maxell, Ltd. maintains a stable financial position with a strong balance sheet but faces challenges in revenue growth and cash flow management. The stock shows bullish technical momentum but is considered overbought. Valuation metrics indicate potential overvaluation, which may limit upside potential.

Maxell, Ltd. Business Overview & Revenue Model

Company Description

Maxell, Ltd. manufactures and sells energy products, industrial materials, and electronic appliances and consumer products in Japan. The company offers primary batteries, including heat-resistant coin-type lithium manganese dioxide, coin-type lithium manganese dioxide, cylindrical-type lithium manganese dioxide, lithium thionyl chloride, silver oxide, and thin flexible batteries; rechargeable batteries comprising prismatic-type, laminate-type, and coin-type lithium ion batteries, as well as button-type rechargeable and sulfide-based all-solid-state batteries; battery chargers and packs; and electrodes, as well as oxygen sensors and hydrogen gas generators. It also generates and sells solar power. In addition, the company provides optical components, molding dies and plastic molding, precision components, adhesive tapes, functional materials, electroforming, RFID systems, IC cards, and industrial rubber products. Further, it offers projectors and imaging equipment; health, beauty care, and other small electronic appliances; audio equipment, including headphones, speakers, computer peripherals, and other accessories; optical discs, USB memory and flash memory products, and cassette tapes; alkaline dry, manganese dry, and mobile batteries; and battery operated and other hydraulic tools. The company was formerly known as Maxell Holdings, Ltd. and changed its name to Maxell, Ltd. in October 2021. Maxell, Ltd. was incorporated in 1947 and is headquartered in Tokyo, Japan.

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: 1964.00
• 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 1964 is above the 20-day moving average (MA) of 1942.30, above the 50-day MA of 1877.72, and above the 200-day MA of 1815.35, indicating a bullish trend. The MACD of 28.17 indicates Positive momentum. The RSI at 63.86 is Neutral, neither overbought nor oversold. The STOCH value of 60.16 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
Sector *	61 Neutral	$36.30B	7.26	-7.27%	1.97%	7.74%	-7.92%
6810	57 Neutral	¥84.60B	24.37		2.52%	0.31%	-50.17%
CSIOF	―	$1.83B	48.67	2.56%	3.79%	―	―
SNCPF	―	$967.39M	9.08	44.02%	1.93%	―	―
JVC	―	€1.10B	9.48	15.38%	―	―	―
6794	75 Outperform	¥45.15B	10.57		2.96%	9.24%	23.83%
6753	61 Neutral	¥571.08B	8.84		―	-9.17%	―

Maxell, Ltd. Corporate Events

Maxell Announces Treasury Shares Disposition for Employee Incentives

Maxell, Ltd. has announced the disposition of 26,168 treasury shares as part of a restricted stock remuneration plan aimed at aligning the interests of its executive officers and employees with those of the shareholders. This initiative is designed to motivate the company’s personnel to engage more deeply in business management and share in the company’s values, potentially enhancing operational efficiency and stakeholder alignment.

The most recent analyst rating on (JP:6810) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.

Maxell Reports Decline in Q1 2025 Financial Results but Remains Optimistic for Full Year

Maxell, Ltd. reported a decline in its financial performance for the first quarter ending June 30, 2025, with net sales decreasing by 3.6% compared to the previous year. The company’s operating profit and ordinary profit also saw significant drops of 15.1% and 33.4%, respectively, reflecting challenges in maintaining profitability. Despite these setbacks, Maxell forecasts an optimistic outlook for the full fiscal year ending March 31, 2026, with expected growth in net sales and operating profit, indicating strategic adjustments to enhance its market position.

The most recent analyst rating on (JP:6810) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on Maxell, Ltd. stock, see the JP:6810 Stock Forecast page.

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.