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MrMax Holdings Ltd. (JP:8203)
:8203
Japanese Market
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MrMax Holdings Ltd. (8203) AI Stock Analysis

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JP:8203

MrMax Holdings Ltd.

(8203)

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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
¥835.00
▲(3.21% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by stable-to-adequate financials: strong revenue trajectory and improving leverage are offset by compressed margins and inconsistent cash generation with slightly negative free cash flow in the latest year. Valuation is a clear positive (low P/E and a solid dividend yield). Technical signals are neutral overall, with price holding above several longer-term averages but lacking strong momentum.
Positive Factors
Revenue Growth
Sustained and accelerating top-line growth through 2025–2026 indicates enduring demand and successful market execution. Over a 2–6 month horizon this trend supports capacity to scale operations, invest in store productivity and supply chain, and underpins long-term revenue resilience despite margin pressure.
Negative Factors
Compressed Profitability
Declining net margins indicate the business is earning less per unit of sales, reducing buffers against rising costs or competitive price pressure. Persistently thinner margins constrain reinvestment, slow deleveraging and make earnings more sensitive to small revenue or cost swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained and accelerating top-line growth through 2025–2026 indicates enduring demand and successful market execution. Over a 2–6 month horizon this trend supports capacity to scale operations, invest in store productivity and supply chain, and underpins long-term revenue resilience despite margin pressure.
Read all positive factors

MrMax Holdings Ltd. (8203) vs. iShares MSCI Japan ETF (EWJ)

MrMax Holdings Ltd. Business Overview & Revenue Model

Company Description
MrMax Holdings Ltd. operates a chain of discount retail stores across Japan. These stores offer an extensive array of products, from home appliances, groceries, and household necessities to beauty and healthcare items, clothing, stationery, toys, ...
How the Company Makes Money
null...

MrMax Holdings Ltd. Financial Statement Overview

Summary
Revenue growth is steady and accelerating into 2025–2026, and leverage has improved (debt-to-equity down to ~0.55 by 2025). However, profitability has weakened versus earlier years (net margin down to ~1.8% in 2024–2025), and cash flow consistency is a key concern with free cash flow turning slightly negative in 2026.
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
54
Neutral
BreakdownFeb 2026Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue147.68B136.57B129.57B126.90B124.83B
Gross Profit36.69B34.00B32.01B32.48B31.67B
EBITDA7.49B6.51B5.56B6.93B6.86B
Net Income2.71B2.48B2.44B3.43B2.85B
Balance Sheet
Total Assets86.75B83.51B83.85B82.13B82.42B
Cash, Cash Equivalents and Short-Term Investments2.11B1.75B2.39B3.14B2.89B
Total Debt22.14B19.89B23.31B24.49B26.82B
Total Liabilities48.37B47.45B49.72B49.67B52.71B
Stockholders Equity38.37B36.06B34.13B32.45B29.70B
Cash Flow
Free Cash Flow-141.00M3.64B1.10B947.00M2.35B
Operating Cash Flow4.02B5.44B3.93B3.97B3.52B
Investing Cash Flow-5.09B-2.08B-2.61B-186.00M-2.77B
Financing Cash Flow1.43B-3.99B-2.07B-3.54B-736.00M

MrMax Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price809.00
Price Trends
50DMA
762.06
Positive
100DMA
745.80
Positive
200DMA
755.88
Positive
Market Momentum
MACD
3.59
Positive
RSI
50.94
Neutral
STOCH
9.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8203, the sentiment is Positive. The current price of 809 is above the 20-day moving average (MA) of 786.05, above the 50-day MA of 762.06, and above the 200-day MA of 755.88, indicating a neutral trend. The MACD of 3.59 indicates Positive momentum. The RSI at 50.94 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8203.

MrMax Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
¥289.67B15.0515.65%1.98%10.93%70.37%
68
Neutral
¥27.96B10.632.84%-1.15%-37.50%
65
Neutral
¥26.06B9.022.89%8.71%4.02%
61
Neutral
¥2.83T24.8316.92%0.99%7.63%17.33%
59
Neutral
¥22.26B15.652.65%1.62%-4.60%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
50
Neutral
¥384.52B41.180.56%55.84%-10.10%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:8203
MrMax Holdings Ltd.
779.00
-65.97
-7.81%
JP:7532
Pan Pacific International Holdings
917.70
-147.13
-13.82%
JP:2782
Seria Co
4,160.00
1,125.12
37.07%
JP:141A
Trial Holdings Inc.
3,265.00
777.56
31.26%
JP:7475
ALBIS Co., Ltd.
2,468.00
-471.40
-16.04%
JP:7520
Eco's Co., Ltd.
2,453.00
-181.46
-6.89%

MrMax Holdings Ltd. Corporate Events

MrMax July Sales Slip Slightly as Weather and Quake Weigh on Stores
Aug 6, 2026
MrMax Holdings reported that existing-store sales in July 2026 were 98.4% of the prior-year level, with customer traffic at 99.2%, both slightly below last year, despite strong demand for air conditioners, pet food, daily foods, detergents and ins...
MrMax Spins Off Snack Chain and Forms Joint Venture with Confectionery Wholesaler
Aug 6, 2026
MrMax Holdings will carve out the Okashi Bakkashi (Snack Panic!) confectionery specialty store business from subsidiary MrMax Corporation into a newly established company via an incorporation-type split, effective December 1, 2026, subject to plan...
MrMax Holdings Delivers Strong Q1 Earnings and Maintains Upbeat Full-Year Outlook
Jul 9, 2026
MrMax Holdings reported a solid start to its fiscal year, with first-quarter operating revenue rising 10.1% year on year to ¥38.2 billion and operating profit climbing 28.5% to ¥1.59 billion. Profit attributable to owners of the parent i...
MrMax Hit by First Existing-Store Sales Decline in 20 Months
Jul 6, 2026
Japanese discount retailer MrMax Holdings reported that existing-store net sales in June 2026 fell to 90.9 percent year on year, marking the first decline in 20 months despite solid demand for air conditioners, televisions and popular children&#82...
Mr Max Completes Restricted Stock Grant to Directors and Executives
Jun 19, 2026
Mr Max Holdings Ltd. has completed the payment procedures for the disposal of 39,500 treasury shares, which are being granted as restricted stock compensation to its management. The move, resolved by the board in May, is part of its executive ince...
MrMax extends strong sales streak on seasonal demand and gaming boost
Jun 5, 2026
MrMax Holdings reported strong momentum in May 2026, with existing-store sales rising 13.2% year on year and customer traffic up 8.7%, extending growth streaks to 19 and nine consecutive months respectively. Seasonal products such as air condition...
Mr Max to Grant Treasury Shares Under Long-Term Restricted Stock Plan
May 21, 2026
Mr Max Holdings has approved the disposal of 39,500 treasury shares as part of its restricted stock compensation plan, granting shares to two directors and ten executive officers at a price of ¥716 per share, for a total value of about ¥...
Mr Max Discloses Non‑Membership in Accounting Standards Foundation, Affirms Compliance System
May 21, 2026
Mr Max Holdings Ltd. has disclosed that, as of the fiscal year ended February 28, 2026, it is not a member of the Financial Accounting Standards Foundation, a status it is required to report under Tokyo Stock Exchange rules. The company emphasizes...
MrMax extends growth streak as pricing strategy lifts April sales
May 8, 2026
MrMax Holdings reported another month of solid growth in its retail operations for April 2026, with existing-store sales rising 7.0% year on year and customer traffic up 3.7%. This marks 18 consecutive months of sales growth and eight straight mon...
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.Date of analysis: Aug 04, 2026