Max Co., Ltd.

TSE:6454 Stock Report

Market Cap: JP¥307.3b

Max Past Earnings Performance

Past criteria checks 5/6

Max has been growing earnings at an average annual rate of 19.2%, while the Machinery industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 7.5% per year. Max's return on equity is 12%, and it has net margins of 13.9%.

Key information

19.16%

Earnings growth rate

20.19%

EPS growth rate

Machinery Industry Growth5.64%
Revenue growth rate7.55%
Return on equity12.03%
Net Margin13.95%
Next Earnings Update30 Jul 2026

Recent past performance 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...

Revenue & Expenses Breakdown

How Max makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:6454 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2699,60713,89130,3070
31 Dec 2597,15213,01829,3570
30 Sep 2595,64613,06028,5760
30 Jun 2593,49111,48028,4420
31 Mar 2591,83911,22527,8350
31 Dec 2490,31611,55527,4930
30 Sep 2488,59910,30127,0300
30 Jun 2488,02610,85726,5860
31 Mar 2486,63810,43525,9900
31 Dec 2385,7689,73725,4620
30 Sep 2385,2739,07725,1400
30 Jun 2385,1808,31725,1830
31 Mar 2384,3167,61925,0700
31 Dec 2283,3997,62324,8650
30 Sep 2280,4007,38624,3810
30 Jun 2277,1316,98723,6280
31 Mar 2273,9586,09022,7810
31 Dec 2171,7795,99422,0690
30 Sep 2169,5105,72121,2050
30 Jun 2166,6185,38020,4770
31 Mar 2164,0295,15319,8630
31 Dec 2063,9864,62820,2770
30 Sep 2064,8264,91720,3220
30 Jun 2066,9965,18520,4510
31 Mar 2069,6715,51020,7550
31 Dec 1970,2185,46220,2410
30 Sep 1970,7965,31720,1700
30 Jun 1970,5115,23119,9720
31 Mar 1970,1185,06419,8280
31 Dec 1870,1345,26619,7860
30 Sep 1869,4204,96919,6560
30 Jun 1869,1644,80419,6750
31 Mar 1868,1384,65419,6870
31 Dec 1768,0084,41219,7720
30 Sep 1767,5304,84519,7250
30 Jun 1767,0334,75219,6700
31 Mar 1766,9674,72619,6510
31 Dec 1666,5384,33919,4870
30 Sep 1666,4353,77719,4210
30 Jun 1666,4523,66719,2260
31 Mar 1666,5103,51218,9070
31 Dec 1566,4303,05418,7010
30 Sep 1566,1063,21618,6300
30 Jun 1565,4343,35218,6590

Quality Earnings: 6454 has high quality earnings.

Growing Profit Margin: 6454's current net profit margins (13.9%) are higher than last year (12.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 6454's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: 6454's earnings growth over the past year (23.8%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: 6454 earnings growth over the past year (23.8%) exceeded the Machinery industry 14.1%.

Return on Equity

High ROE: 6454's Return on Equity (12%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 07:35
End of Day Share Price 2026/06/29 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.