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M

Max Co 6454.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,746

+2.46%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥99.61bn

FY2017FY2026

Net income

¥13.89bn

FY2017FY2026

Free cash flow

¥11.78bn

FY2017FY2026

Shareholders' equity

¥115.31bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥99.61bn¥91.84bn¥86.64bn¥84.32bn¥73.96bn¥64.03bn¥69.67bn¥70.12bn¥68.14bn¥66.97bn
Gross profit¥47.78bn¥42.61bn¥38.65bn¥35.01bn¥30.38bn¥26.56bn¥28.34bn¥27.04bn¥25.83bn¥25.97bn
Research and development—¥4.37bn¥4.34bn¥3.79bn¥3.40bn¥3.13bn¥3.08bn¥2.93bn¥2.87bn¥2.98bn
Operating income¥17.47bn¥14.47bn¥12.60bn¥9.92bn¥7.50bn¥6.67bn¥7.56bn¥7.12bn¥6.14bn¥6.32bn
Net income¥13.89bn¥11.23bn¥10.44bn¥7.62bn¥6.09bn¥5.15bn¥5.51bn¥5.06bn¥4.65bn¥4.73bn
Diluted earnings per share77.5662.3256.0740.7432.1927.2328.1725.8923.6123.99

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥137.93bn¥124.61bn¥121.72bn¥116.74bn¥109.04bn¥102.54bn¥99.38bn¥98.17bn¥96.13bn¥93.00bn
Cash and short-term investments¥43.36bn¥43.66bn¥38.22bn¥33.82bn¥28.11bn¥25.33bn¥24.65bn¥27.11bn¥29.65bn¥26.18bn
Total liabilities¥22.46bn¥18.57bn¥21.87bn¥27.83bn¥25.90bn¥23.84bn¥23.40bn¥24.22bn¥24.55bn¥25.79bn
Debt¥1.54bn¥1.52bn¥1.77bn¥2.65bn¥2.63bn¥2.60bn¥2.57bn¥2.45bn¥2.46bn¥2.44bn
Shareholders' equity¥115.31bn¥105.91bn¥99.73bn¥88.80bn¥83.04bn¥78.60bn¥75.87bn¥73.84bn¥71.47bn¥67.11bn
Shares outstanding179m180m186m187m189m189m196m196m197m197m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥14.80bn¥14.59bn¥12.12bn¥8.25bn¥5.63bn¥8.80bn¥8.33bn¥7.81bn¥6.86bn¥8.51bn
Capital spending−¥3.02bn−¥2.75bn−¥2.73bn−¥3.60bn−¥4.39bn−¥5.23bn−¥2.97bn−¥3.16bn−¥2.55bn−¥2.00bn
Free cash flow¥11.78bn¥11.84bn¥9.39bn¥4.64bn¥1.24bn¥3.57bn¥5.36bn¥4.66bn¥4.31bn¥6.51bn
Dividends paid−¥5.24bn−¥4.69bn−¥3.69bn−¥3.02bn−¥2.29bn−¥2.25bn−¥2.15bn−¥2.07bn−¥2.07bn−¥1.92bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥28.33bn¥25.28bn¥25.64bn¥24.45bn¥24.24bn¥22.83bn¥24.13bn¥22.29bn
Gross profit¥14.22bn¥11.96bn¥12.00bn¥11.84bn¥11.97bn¥10.30bn¥11.29bn¥10.25bn
Operating income¥5.88bn¥3.70bn¥4.30bn¥4.57bn¥4.90bn¥2.99bn¥4.06bn¥3.43bn
Net income¥4.32bn¥2.99bn¥3.61bn¥3.69bn¥3.60bn¥2.12bn¥3.66bn¥2.12bn
Diluted earnings per share24.1416.6920.0620.5019.9611.7519.6411.36
Cash from operations¥2.75bn¥3.37bn¥3.82bn¥4.64bn¥2.97bn¥4.26bn¥2.89bn¥4.91bn
Capital spending−¥736.0m−¥712.0m−¥1.04bn−¥677.0m−¥584.0m−¥918.0m−¥541.0m−¥556.0m
Free cash flow¥2.01bn¥2.66bn¥2.77bn¥3.96bn¥2.38bn¥3.35bn¥2.35bn¥4.35bn
Total assets¥137.01bn¥137.93bn¥128.01bn¥125.37bn¥121.98bn¥124.61bn¥127.75bn¥121.59bn
Cash and short-term investments¥38.05bn¥43.36bn¥40.01bn¥39.01bn¥39.86bn¥43.66bn¥43.22bn¥40.72bn
Debt¥860.0m¥1.13bn¥750.0m¥875.0m¥750.0m¥1.14bn¥850.0m¥1.18bn
Shareholders' equity¥112.74bn¥115.31bn¥109.32bn¥105.83bn¥103.83bn¥105.91bn¥105.91bn¥100.21bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.7%9.2%4.1%
Operating income20.8%21.2%11.5%
Net income22.2%21.9%14.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin47.2%45.3%44.2%41.9%
Operating margin16.7%15.0%13.7%12.1%
Net margin13.1%11.9%10.9%9.3%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings22.527.715.720.215.217.612.821.214.416.8
Price to sales3.13.41.91.81.31.41.01.51.01.2

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year65.5025.2519.5016.0012.0011.5011.0010.50
  • 4-for-1 split · 30 Mar 2026
  • 11-for-10 split · 26 Mar 1991
  • 1.15-for-1 split · 27 Mar 1990

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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