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MrMax Holdings Ltd.
(8203)
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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)
Market Cap
¥26.06B
Dividend Yield3.44%
Average Volume (3M)125.47K
Price to Earnings (P/E)9.0
Beta (1Y)0.23
Revenue Growth8.71%
EPS Growth4.02%
CountryJP
Employees719
SectorGeneral
Sector StrengthN/A
IndustryDiscount Stores
Share Statistics
EPS (TTM)81.49
Shares Outstanding39,611,137
10 Day Avg. Volume234,010
30 Day Avg. Volume125,473
Financial Highlights & Ratios
PEG Ratio1.03
Price to Book (P/B)0.69
Price to Sales (P/S)0.18
P/FCF Ratio-188.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)103.6
Revenue Forecast (FY)¥153.00B
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
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
54
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 147.68B | 136.57B | 129.57B | 126.90B | 124.83B |
| Gross Profit | 36.69B | 34.00B | 32.01B | 32.48B | 31.67B |
| EBITDA | 7.49B | 6.51B | 5.56B | 6.93B | 6.86B |
| Net Income | 2.71B | 2.48B | 2.44B | 3.43B | 2.85B |
Balance Sheet | |||||
| Total Assets | 86.75B | 83.51B | 83.85B | 82.13B | 82.42B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 1.75B | 2.39B | 3.14B | 2.89B |
| Total Debt | 22.14B | 19.89B | 23.31B | 24.49B | 26.82B |
| Total Liabilities | 48.37B | 47.45B | 49.72B | 49.67B | 52.71B |
| Stockholders Equity | 38.37B | 36.06B | 34.13B | 32.45B | 29.70B |
Cash Flow | |||||
| Free Cash Flow | -141.00M | 3.64B | 1.10B | 947.00M | 2.35B |
| Operating Cash Flow | 4.02B | 5.44B | 3.93B | 3.97B | 3.52B |
| Investing Cash Flow | -5.09B | -2.08B | -2.61B | -186.00M | -2.77B |
| Financing Cash Flow | 1.43B | -3.99B | -2.07B | -3.54B | -736.00M |
MrMax Holdings Ltd. Technical Analysis
Positive
809.00
Price Trends
762.06
Positive
745.80
Positive
755.88
Positive
Market Momentum
3.59
Positive
50.94
Neutral
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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥289.67B | 15.05 | 15.65% | 1.98% | 10.93% | 70.37% | |
68 Neutral | ¥27.96B | 10.63 | ― | 2.84% | -1.15% | -37.50% | |
65 Neutral | ¥26.06B | 9.02 | ― | 2.89% | 8.71% | 4.02% | |
61 Neutral | ¥2.83T | 24.83 | 16.92% | 0.99% | 7.63% | 17.33% | |
59 Neutral | ¥22.26B | 15.65 | ― | 2.65% | 1.62% | -4.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥384.52B | 41.18 | ― | 0.56% | 55.84% | -10.10% |
* General Sector Average
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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 childrenR...
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.