Maxell, Ltd. (JP:6810)
:6810
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Maxell, Ltd.
(6810)
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Rating:66Neutral
Price Target:
¥2,649.00
▲(33.92% Upside)
Action:ReiteratedDate:10/16/25
Maxell, Ltd. has a stable financial position with a strong balance sheet and improved operational efficiency, but faces challenges in revenue growth and cash flow management. The technical indicators suggest a neutral to slightly bullish outlook. However, the high P/E ratio indicates potential overvaluation, which could limit upside potential. The absence of earnings call and corporate events data means these factors do not influence the score.
Positive Factors
Conservative Balance Sheet
Low leverage and a strong equity ratio provide durable financial flexibility. A conservative balance sheet reduces refinancing and solvency risk, supports investment or restructuring, and gives the company capacity to withstand cyclical downturns without compromising core operations.
Negative Factors
Weak revenue trend
Stagnant to declining top-line growth signals structural demand or competitive pressure in core markets. Persistent revenue weakness limits operating leverage, constrains reinvestment for product development or market expansion, and raises the bar for sustainable margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a strong equity ratio provide durable financial flexibility. A conservative balance sheet reduces refinancing and solvency risk, supports investment or restructuring, and gives the company capacity to withstand cyclical downturns without compromising core operations.
Read all positive factors
Maxell, Ltd. (6810) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥89.42B
Dividend Yield1.99%
Average Volume (3M)139.49K
Price to Earnings (P/E)12.0
Beta (1Y)0.98
Revenue Growth3.71%
EPS Growth-3.32%
CountryJP
Employees3,956
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)49.89
Shares Outstanding46,956,200
10 Day Avg. Volume151,660
30 Day Avg. Volume139,486
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.88
Price to Sales (P/S)0.62
P/FCF Ratio40.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,283.33Price Target Upside15.44% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)188.01
Revenue Forecast (FY)¥128.10B
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 lith...
How the Company Makes Money
Maxell, Ltd. generates revenue through multiple streams, primarily from the sale of its consumer and industrial products. Key revenue streams include batteries (alkaline, lithium, and rechargeable), data storage solutions (such as USB flash drives...
Maxell, Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.69B | 129.81B | 129.14B | 132.78B | 138.22B | 139.06B |
| Gross Profit | 32.83B | 31.86B | 33.28B | 30.10B | 34.60B | 30.06B |
| EBITDA | 10.44B | 11.66B | 14.02B | 12.15B | 3.69B | -1.55B |
| Net Income | 3.48B | 4.09B | 7.54B | 5.19B | -3.66B | -9.37B |
Balance Sheet | ||||||
| Total Assets | 160.53B | 164.51B | 171.10B | 168.18B | 177.53B | 176.81B |
| Cash, Cash Equivalents and Short-Term Investments | 31.11B | 33.07B | 38.66B | 38.17B | 45.55B | 33.02B |
| Total Debt | 18.09B | 18.84B | 18.34B | 25.99B | 32.86B | 38.07B |
| Total Liabilities | 66.13B | 70.34B | 73.79B | 82.24B | 92.92B | 93.21B |
| Stockholders Equity | 91.66B | 91.36B | 93.89B | 82.82B | 81.50B | 81.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.99B | 7.64B | -1.52B | 13.30B | 6.28B |
| Operating Cash Flow | 0.00 | 9.84B | 14.24B | 4.00B | 18.44B | 13.03B |
| Investing Cash Flow | 0.00 | -8.03B | -4.85B | 1.71B | -3.91B | 8.04B |
| Financing Cash Flow | 0.00 | -7.75B | -9.49B | -13.98B | -6.21B | -11.89B |
Maxell, Ltd. Technical Analysis
Neutral
1978.00
Price Trends
2195.20
Negative
2246.65
Negative
2120.26
Negative
Market Momentum
-52.78
Negative
47.65
Neutral
49.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6810, the sentiment is Neutral. The current price of 1978 is below the 20-day moving average (MA) of 2077.65, below the 50-day MA of 2195.20, and below the 200-day MA of 2120.26, indicating a bearish trend. The MACD of -52.78 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 49.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥89.42B | 12.03 | ― | 1.99% | 3.71% | -3.32% | |
66 Neutral | ¥177.15B | 8.81 | 13.53% | 1.34% | 0.48% | -1.86% | |
64 Neutral | ¥3.46T | 17.73 | 1.37% | 2.29% | -0.51% | -45.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ¥6.14T | -69.04 | 4.25% | 1.99% | -6.96% | -7.22% | |
56 Neutral | ¥19.96T | -5.95 | 14.45% | 0.55% | -2.86% | 5.93% | |
49 Neutral | ¥376.89B | 5.68 | ― | ― | -10.88% | ― |
* Technology Sector Average
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Maxell, Ltd. Corporate Events
Maxell Secures ¥10 Billion Covenanted Loan to Back Medium-Term Growth Plan
Mar 11, 2026
Maxell, Ltd. has approved a new loan agreement totaling 10 billion yen with a syndicate of city and regional banks, aimed at funding growth investments in line with its medium-term management plan. The unsecured loan, scheduled to be executed on M...
Maxell Reshapes Board and Executive Lineup Ahead of 2026 Shareholders’ Meeting
Mar 4, 2026
Maxell, Ltd. has announced a slate of board director candidates and executive officer appointments as it prepares for its 80th Ordinary General Meeting of Shareholders in late June 2026. President and Representative Director Keiji Nakamura is set ...
Maxell Completes Acquisition of Murata Micro Primary Battery Business
Mar 2, 2026
Maxell has completed the acquisition of all shares in a new entity that has taken over the micro primary battery operations of Murata Manufacturing and its wholly owned unit, Tohoku Murata Manufacturing, effective March 1, 2026. The new subsidiary...
Maxell Secures ¥10 Billion Covenant-Linked Loan to Bolster Operating Funds
Feb 13, 2026
Maxell, Ltd. has approved a new loan agreement totaling 10 billion yen with a consortium of regional banks and cooperative financial institutions to secure operating funds, with maturities set for 2031 and 2036 and no collateral pledged. The loan ...
Maxell Secures ¥10 Billion Long-Term Loan Under Strict Financial Covenants
Feb 13, 2026
Maxell, Ltd. has approved a new loan agreement totaling 10 billion yen with a syndicate of regional, second-tier regional, and cooperative financial institutions to secure operating funds, with maturities set for 2031 and 2036 and no collateral pl...
Maxell Accelerates Exit from Wuxi Battery Unit Through Equity Sale
Feb 4, 2026
The company has agreed to sell its entire stake in China-based Wuxi Maxell Energy, a prismatic lithium-ion battery subsidiary whose operations were halted in May 2025, after determining that an equity transfer would expedite asset disposal and clo...
Maxell to Transfer In-Car Optical Lens Unit Business to Subsidiary Maxell Frontier
Jan 30, 2026
Maxell, Ltd. will transfer its Optical Lens Unit business, centered on in-car camera lens units within the Optics Systems Division, to wholly owned subsidiary Maxell Frontier Co., Ltd. via a simplified absorption-type company split effective Apri...
Maxell Lifts Nine-Month Profit and Keeps Dividend, Affirms Strong Full-Year Outlook
Jan 30, 2026
Maxell reported modest year-on-year growth for the nine months ended 31 December 2025, with net sales edging up 0.7% to ¥96.3 billion and operating profit rising 9.1% to ¥7.2 billion, while profit attributable to owners of parent climbed...
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.