Maxell, Ltd. (JP:6810)
:6810
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Maxell, Ltd.
(6810)
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Rating:62Neutral
Price Target:
¥2,395.00
▲(21.08% Upside)
Action:Reiterated
Date:04/29/26
The score is driven mainly by improved profitability but tempered by higher recent leverage and uneven free cash flow. Technicals are notably weak (below major moving averages with negative momentum), while valuation is a relative positive with a low P/E and a moderate dividend yield.
Positive Factors
Recovered profitability and positive earnings
Returning from loss-making to sustained positive net income over multiple years materially strengthens resilience. A healthier earnings base supports internal reinvestment, consistent operations funding, and credibility with creditors, improving the company's ability to execute multi‑year plans even without rapid revenue growth.
Negative Factors
2026 step-up in debt and weaker equity
A sudden increase in leverage and lower equity reduces financial flexibility and raises refinancing and interest-rate vulnerability. If higher debt persists, it constrains the firm's ability to absorb shocks, fund capex, or pursue M&A, making long-term strategic execution and margin protection harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Recovered profitability and positive earnings
Returning from loss-making to sustained positive net income over multiple years materially strengthens resilience. A healthier earnings base supports internal reinvestment, consistent operations funding, and credibility with creditors, improving the company's ability to execute multi‑year plans even without rapid revenue growth.
Read all positive factors
Maxell, Ltd. (6810) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥83.27B
Dividend Yield1.99%
Average Volume (3M)139.49K
Price to Earnings (P/E)10.1
Beta (1Y)0.99
Revenue Growth-0.29%
EPS Growth119.59%
CountryJP
Employees3,956
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)80.76
Shares Outstanding40,664,000
10 Day Avg. Volume151,660
30 Day Avg. Volume139,486
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.97
Price to Sales (P/S)0.65
P/FCF Ratio77.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,124.00Price Target Upside7.38% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)187.49
Revenue Forecast (FY)¥143.85B
Maxell, Ltd. Business Overview & Revenue Model
Company Description
Maxell, Ltd., headquartered in Tokyo, Japan, and established in 1947, is a multifaceted enterprise engaged in the production and sale of energy solutions, industrial materials, and a diverse range of consumer electronics and appliances. Its extens...
How the Company Makes Money
Maxell makes money primarily by selling manufactured products through a mix of business-to-business (B2B) and business-to-consumer (B2C) channels. Key revenue streams typically include: (1) Energy-related products: sales of batteries and related p...
Maxell, Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.69B | 129.43B | 129.81B | 129.14B | 132.78B | 138.22B |
| Gross Profit | 32.83B | 30.42B | 31.86B | 33.28B | 30.10B | 34.60B |
| EBITDA | 10.44B | 13.18B | 11.66B | 14.02B | 12.15B | 3.69B |
| Net Income | 3.48B | 8.26B | 4.09B | 7.54B | 5.19B | -3.66B |
Balance Sheet | ||||||
| Total Assets | 160.53B | 180.47B | 164.51B | 171.10B | 168.18B | 177.53B |
| Cash, Cash Equivalents and Short-Term Investments | 31.11B | 31.56B | 33.07B | 38.66B | 38.17B | 45.55B |
| Total Debt | 18.09B | 37.37B | 18.84B | 18.34B | 25.99B | 32.86B |
| Total Liabilities | 66.13B | 90.28B | 70.34B | 73.79B | 82.24B | 92.92B |
| Stockholders Equity | 91.66B | 87.06B | 91.36B | 93.89B | 82.82B | 81.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.08B | 1.99B | 7.64B | -1.52B | 13.30B |
| Operating Cash Flow | 0.00 | 8.93B | 9.84B | 14.24B | 4.00B | 18.44B |
| Investing Cash Flow | 0.00 | -15.06B | -8.03B | -4.85B | 1.71B | -3.91B |
| Financing Cash Flow | 0.00 | 2.91B | -7.75B | -9.49B | -13.98B | -6.21B |
Maxell, Ltd. Technical Analysis
Positive
1978.00
Price Trends
2056.72
Positive
2098.26
Positive
2145.63
Positive
Market Momentum
68.40
Negative
70.05
Negative
76.21
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 1978 is below the 20-day moving average (MA) of 2079.25, below the 50-day MA of 2056.72, and below the 200-day MA of 2145.63, indicating a bullish trend. The MACD of 68.40 indicates Negative momentum. The RSI at 70.05 is Negative, neither overbought nor oversold. The STOCH value of 76.21 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥4.85T | 35.30 | 1.37% | 2.29% | 2.77% | 500.36% | |
66 Neutral | ¥166.27B | 9.67 | 13.53% | 1.34% | -3.63% | -14.77% | |
62 Neutral | ¥83.27B | 10.14 | ― | 1.99% | -0.29% | 119.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | ¥10.32T | 53.88 | 4.25% | 1.99% | -4.84% | -48.25% | |
53 Neutral | ¥18.61T | -58.26 | 14.45% | 0.55% | -3.68% | -129.28% | |
48 Neutral | ¥372.16B | 8.14 | ― | ― | -12.38% | 31.41% |
* Technology Sector Average
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Maxell, Ltd. Corporate Events
Maxell Issues Further Numerical Corrections to FY2026 Financial Results
Jun 2, 2026
Maxell, Ltd. has issued a further correction to its previously released consolidated financial results for the year ended March 31, 2026, following earlier amendments in May. The company identified errors in the reported figures for treasury share...
Maxell Confirms Year-End Dividend, Targets Payout Ratio Above 100%
May 22, 2026
Maxell’s board has approved a year-end dividend of 25 yen per share for the fiscal year ended March 31, 2026, matching its prior forecast and the previous year’s payout. The total dividend distribution will be 922 million yen, with an ...
Maxell Adjusts 2026 Financial Results After Battery Business Acquisition Price Update
May 22, 2026
Maxell, Ltd. has issued a partial correction to its previously released consolidated financial results for the year ended March 31, 2026, revising several cash flow and balance sheet figures after finalizing purchase price adjustments tied to its ...
Maxell Sharpens Battery‑Focused Portfolio and Ups Shareholder Returns Under MEX26
Apr 27, 2026
Maxell has advanced its mid‑term management plan MEX26 by refining its business portfolio around high‑reliability small batteries, adopting the new byline “Micro batteries. Maximum impact.” and acquiring Murata Manufacturin...
Maxell to Cancel Over 13% of Outstanding Shares to Tighten Equity Base
Apr 27, 2026
Maxell, Ltd. has resolved to cancel 6,292,200 shares of its common stock, representing 13.40% of its issued shares outstanding prior to the cancellation, under Article 178 of the Companies Act of Japan. The shares to be cancelled were previously r...
Maxell Carves Out Electro Fine Forming Business Into New Subsidiary Ahead of Sale
Apr 27, 2026
Maxell will transfer its EF2 Electro Fine Forming business from the Optics Systems Division to a newly established wholly owned subsidiary, Noah Co., Ltd., through a simplified absorption-type company split effective July 1, 2026. Noah will assum...
Maxell Lifts Sales and Operating Profit but Bottom Line Falls on Lower Dividend Income
Apr 27, 2026
Maxell, Ltd. reported higher net sales and operating profit for the fiscal year ended March 31, 2026, driven by stronger demand for primary batteries in medical and infrastructure markets and increased licensing income, despite lower sales of disc...
Maxell Lifts Profit Despite Flat Sales, Signals Shift in Earnings Mix for FY2027
Apr 27, 2026
Maxell reported flat net sales of ¥129.4 billion for the year ended March 31, 2026, with operating profit down 15.3% to ¥7.9 billion and ordinary profit down 12%, even as profit attributable to owners of parent more than doubled to ¥...
Maxell Cuts Sales Outlook but Lifts Profit Forecast on Extraordinary Gain
Apr 14, 2026
Maxell, Ltd. said it will book about 2.9 billion yen in extraordinary income from the sale of its equity stake in Wuxi Maxell Energy Co., Ltd., boosting bottom-line results for the fiscal year ended March 31, 2026. Despite this gain, the company f...
Maxell to Divest Electro Fine Forming Business to SONOCOM in Portfolio Overhaul
Mar 27, 2026
Maxell has decided to transfer its Electro Fine Forming (EF2) business from the Optics Systems Division to SONOCOM Co., Ltd. as part of its MEX26 mid-term management plan to reform its business portfolio and concentrate resources on higher-growth...
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.