MrMax Holdings Ltd. (8203) AI Stock Analysis

• Market Cap: ¥21.81B
• Dividend Yield: 3.5%
• Average Volume (3M): 39.56K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.31
• Revenue Growth: 5.40%
• EPS Growth: 1.25%
• Country: JP
• Employees: 708
• Sector: Consumer Defensive
• Sector Strength: 63
• Industry: Discount Stores
• EPS (TTM): 74.44
• Shares Outstanding: 39,611,137
• 10 Day Avg. Volume: 45,360
• 30 Day Avg. Volume: 39,560
• PEG Ratio: 0.31
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.73
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ¥727.00 ▲(10.82%Upside)

The overall score is primarily driven by strong financial performance and attractive valuation. Despite some operational challenges, the company's low P/E ratio and high dividend yield offer a compelling investment proposition. Technical indicators suggest caution, but they are outweighed by the stock's fundamental strengths.

MrMax Holdings Ltd. Business Overview & Revenue Model

Company Description

MrMax Holdings Ltd. (8203) is a Japan-based company primarily engaged in the retail sector. It operates a chain of discount stores across Japan, offering a wide range of products including groceries, household goods, electronics, apparel, and more. The company's stores are known for offering affordable prices and a broad assortment of everyday items, catering to cost-conscious consumers seeking value for money.

How the Company Makes Money

MrMax Holdings Ltd. generates revenue primarily through the sale of goods in its discount retail stores. The company focuses on high-volume sales of low-margin products, leveraging its large scale and efficient supply chain management to offer competitive pricing. By maintaining a diverse product lineup, MrMax attracts a broad customer base, driving foot traffic and sales volume. Additionally, the company may engage in strategic partnerships with suppliers to secure favorable purchasing terms, further enhancing its pricing strategy. Revenue is also supported by seasonal promotions and marketing campaigns designed to boost sales during peak shopping periods.

MrMax Holdings Ltd. Financial Statement Overview

Summary

MrMax Holdings Ltd. shows strong revenue growth and stable profitability margins, with effective leverage management. However, challenges in operational efficiency and a decline in return on equity are concerns.

Income Statement

MrMax Holdings Ltd. has shown consistent revenue growth over the years, with a noticeable increase in gross profit margin from 23.7% to 24.9% from 2024 to 2025. The net profit margin slightly improved to 1.8% in 2025, indicating a stable profitability trajectory. However, the EBIT margin decreased from 3.5% in 2023 to 2.8% in 2025, suggesting some challenges in operational efficiency. EBITDA margin also saw a decline over the same period.

Balance Sheet

The company's debt-to-equity ratio improved significantly from 2022 to 2025, indicating better leverage management. The equity ratio remained stable, reflecting a solid equity position. However, the return on equity decreased from 11.7% in 2021 to 6.9% in 2025, suggesting reduced efficiency in generating profits from shareholders' equity.

Cash Flow

Free cash flow has shown positive growth from 2024 to 2025, driven by higher operating cash flow. However, the free cash flow to net income ratio indicates a moderate conversion of accounting profits into actual cash. The operating cash flow to net income ratio has improved, showing better cash generation from operations.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
134.47B	136.57B	129.57B	126.90B	124.83B	131.79B
	Gross Profit
33.35B	34.00B	32.01B	32.48B	31.67B	33.60B
	EBIT
3.46B	3.82B	3.02B	4.63B	4.49B	6.01B
	EBITDA
5.55B	6.51B	5.56B	7.02B	6.86B	8.33B
	Net Income Common Stockholders
2.77B	2.48B	2.44B	3.43B	2.85B	3.54B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.13B	1.75B	2.39B	3.14B	2.89B	2.87B
	Total Assets
85.68B	83.20B	83.51B	81.93B	82.22B	82.31B
	Total Debt
19.18B	19.89B	23.31B	24.49B	26.80B	26.07B
	Net Debt
17.04B	18.14B	20.92B	21.36B	23.91B	23.19B
	Total Liabilities
50.24B	47.14B	49.38B	49.48B	52.51B	54.44B
	Stockholders Equity
35.43B	36.06B	34.13B	32.45B	29.70B	27.83B
Cash Flow		Free Cash Flow
0.00	3.64B	1.10B	947.00M	2.35B	8.06B
	Operating Cash Flow
0.00	5.44B	3.93B	3.97B	3.52B	9.34B
	Investing Cash Flow
0.00	-2.08B	-2.61B	-186.00M	-2.77B	-1.47B
	Financing Cash Flow
0.00	-3.99B	-2.07B	-3.54B	-736.00M	-7.54B

MrMax Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 656.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8203, the sentiment is Negative. The current price of 656 is below the 20-day moving average (MA) of 669.90, below the 50-day MA of 667.82, and below the 200-day MA of 669.61, indicating a bearish trend. The MACD of -2.70 indicates Positive momentum. The RSI at 41.26 is Neutral, neither overbought nor oversold. The STOCH value of 1.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8203.

MrMax Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7520	82 Outperform	¥26.62B	6.36		2.56%	5.49%	14.96%
2735	77 Outperform	¥9.14B	9.29		2.96%	2.42%	154.96%
2750	74 Outperform	¥7.24B	8.20		3.19%	1.50%	-15.50%
7475	74 Outperform	¥26.12B	15.91		2.34%	0.40%	5.16%
8203	69 Neutral	¥21.81B	8.83		3.50%	5.40%	1.25%
Sector *	65 Neutral	$8.92B	15.03	4.68%	6.11%	3.59%	-2.49%
9993	54 Neutral	¥12.42B	―		2.37%	0.65%	-679.30%

MrMax Holdings Ltd. Corporate Events

MrMax Holdings Ltd. Announces Disposal of Treasury Shares for Long-term Incentive Plan

MrMax Holdings Ltd. announced a decision by its Board of Directors to dispose of 39,500 treasury shares as part of its Restricted Stock Compensation Plan. This initiative aims to incentivize directors and executive officers to enhance the company’s sustainable growth and align their interests with shareholders. The shares will be allocated to 12 directors and executive officers, with a transfer restriction period set for 50 years, reflecting a long-term commitment to shareholder value.

MrMax Holdings Ltd. Evaluates Membership in FASF

MrMax Holdings Ltd. has announced that it is not currently a member of the Financial Accounting Standards Foundation (FASF) as of the end of its most recent fiscal year. The company emphasizes its commitment to understanding and adapting to accounting standards through collaboration with professionals and participation in relevant seminars. Although there are no immediate plans to join the FASF, MrMax Holdings Ltd. will continue to assess the situation in light of evolving accounting standards.

Mr Max Holdings Ltd. Reports Strong Fiscal Year 2025 Results

Mr Max Holdings Ltd. reported its consolidated financial results for the fiscal year ending February 28, 2025, showing a 5.4% increase in operating revenue to 136,569 million yen and a 26.6% rise in operating profit to 3,823 million yen. The company also declared a dividend increase, reflecting a positive outlook for the upcoming fiscal year. This financial performance indicates a strengthening position in the retail market, with improved profitability and operational efficiency, which is likely to benefit shareholders and enhance market confidence.

Mr Max Holdings Ltd. Revises Earnings and Dividend Forecasts Upward

Mr Max Holdings Ltd. has revised its earnings and dividend forecasts for the fiscal year ending February 2025, citing strong sales and increased gross profit. The company anticipates higher operating revenue and profits, leading to an increased dividend forecast, reflecting a positive financial outlook.