Max Co., Ltd.

TSE:6454 Stock Report

Market Cap: JP¥314.0b

Max Future Growth

Future criteria checks 1/6

Max is forecast to grow earnings and revenue by 8.7% and 4.7% per annum respectively. EPS is expected to decline by 48.7% per annum. Return on equity is forecast to be 14.6% in 3 years.

Key information

8.7%

Earnings growth rate

-48.74%

EPS growth rate

Machinery earnings growth10.5%
Revenue growth rate4.7%
Future return on equity14.60%
Analyst coverage

Low

Last updated29 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Jan 30

Max (TSE:6454) Has Announced That It Will Be Increasing Its Dividend To ¥132.00

Max Co., Ltd. ( TSE:6454 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Jan 08

Max's (TSE:6454) Upcoming Dividend Will Be Larger Than Last Year's

Max Co., Ltd. ( TSE:6454 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Dec 05

Max (TSE:6454) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 19

Max Co., Ltd.'s (TSE:6454) Price Is Out Of Tune With Earnings

Max Co., Ltd.'s ( TSE:6454 ) price-to-earnings (or "P/E") ratio of 21.6x might make it look like a strong sell right...
Analysis Article • Jul 15

These 4 Measures Indicate That Max (TSE:6454) Is Using Debt Safely

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 14

Max (TSE:6454) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Apr 15

Is Max (TSE:6454) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Mar 16

Max's (TSE:6454) Shareholders Will Receive A Bigger Dividend Than Last Year

Max Co., Ltd.'s ( TSE:6454 ) dividend will be increasing from last year's payment of the same period to ¥112.00 on 27th...
Analysis Article • Feb 05

Optimistic Investors Push Max Co., Ltd. (TSE:6454) Shares Up 28% But Growth Is Lacking

Max Co., Ltd. ( TSE:6454 ) shareholders have had their patience rewarded with a 28% share price jump in the last month...
Analysis Article • Feb 04

Max's (TSE:6454) Dividend Will Be Increased To ¥112.00

Max Co., Ltd. ( TSE:6454 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Jan 06

Max (TSE:6454) Is Increasing Its Dividend To ¥108.00

Max Co., Ltd. ( TSE:6454 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Oct 03

Max (TSE:6454) Is Doing The Right Things To Multiply Its Share Price

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article • Jul 24

There's Reason For Concern Over Max Co., Ltd.'s (TSE:6454) Price

With a median price-to-earnings (or "P/E") ratio of close to 14x in Japan, you could be forgiven for feeling...
Analysis Article • Jun 14

Max (TSE:6454) Shareholders Will Want The ROCE Trajectory To Continue

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • May 22

Max (TSE:6454) Has A Rock Solid Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Mar 22

Max's (TSE:6454) Dividend Will Be Increased To ¥98.00

Max Co., Ltd. ( TSE:6454 ) will increase its dividend from last year's comparable payment on the 1st of July to ¥98.00...
Analysis Article • Feb 27

Max (TSE:6454) Will Pay A Larger Dividend Than Last Year At ¥98.00

Max Co., Ltd. ( TSE:6454 ) has announced that it will be increasing its dividend from last year's comparable payment on...

Earnings and Revenue Growth Forecasts

TSE:6454 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029114,10017,900N/AN/A1
3/31/2028110,80016,65015,20019,3002
3/31/2027105,55014,90013,40017,1002
3/31/202699,60713,89111,41514,799N/A
12/31/202597,15213,01812,17615,694N/A
9/30/202595,64613,06011,71914,763N/A
6/30/202593,49111,48012,15615,027N/A
3/31/202591,83911,22511,63214,588N/A
12/31/202490,31611,55511,16613,792N/A
9/30/202488,59910,3019,63112,559N/A
6/30/202488,02610,85710,13213,045N/A
3/31/202486,63810,4359,17612,120N/A
12/31/202385,7689,7378,76711,872N/A
9/30/202385,2739,0779,08712,641N/A
6/30/202385,1808,3174,8508,622N/A
3/31/202384,3167,6194,6758,248N/A
12/31/202283,3997,6233,4236,735N/A
9/30/202280,4007,3862,4195,471N/A
6/30/202277,1316,9872,8565,756N/A
3/31/202273,9586,0901,2425,629N/A
12/31/202171,7795,9941,7266,099N/A
9/30/202169,5105,7211,7667,127N/A
6/30/202166,6185,3801,8927,673N/A
3/31/202164,0295,1533,7198,798N/A
12/31/202063,9864,6284,1449,438N/A
9/30/202064,8264,9174,9018,732N/A
6/30/202066,9965,1855,6338,942N/A
3/31/202069,6715,5105,4318,330N/A
12/31/201970,2185,462N/A8,038N/A
9/30/201970,7965,317N/A7,176N/A
6/30/201970,5115,231N/A7,840N/A
3/31/201970,1185,064N/A7,814N/A
12/31/201870,1345,266N/A7,887N/A
9/30/201869,4204,969N/A8,442N/A
6/30/201869,1644,804N/A8,208N/A
3/31/201868,1384,654N/A6,859N/A
12/31/201768,0084,412N/A7,228N/A
9/30/201767,5304,845N/A7,307N/A
6/30/201767,0334,752N/A6,810N/A
3/31/201766,9674,726N/A8,512N/A
12/31/201666,5384,339N/A8,017N/A
9/30/201666,4353,777N/A7,612N/A
6/30/201666,4523,667N/A6,809N/A
3/31/201666,5103,512N/A5,471N/A
12/31/201566,4303,054N/A5,137N/A
9/30/201566,1063,216N/A5,462N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6454's forecast earnings growth (8.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 6454's earnings (8.7% per year) are forecast to grow slower than the JP market (10.1% per year).

High Growth Earnings: 6454's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6454's revenue (4.7% per year) is forecast to grow slower than the JP market (6.4% per year).

High Growth Revenue: 6454's revenue (4.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 6454's Return on Equity is forecast to be low in 3 years time (14.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 07:36
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Max Co., Ltd. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Morten PaulsenCLSA
Jiro KojimaDaiwa Securities Co. Ltd.
Yusaku KonoIchiyoshi Research Institute Inc.