Machinery · Fiscal year end Mar 31

MAX CO., LTD.

6454

マックス株式会社

FIGI BBG000BLRSN46454.T6454 JPCorp. no. 2010001057739

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-07

For the first half of the fiscal year to 2026-03: Revenue ¥48.7 billion (+8.5% YoY), Ordinary income ¥9.8 billion (+36.4% YoY), Net income ¥7.3 billion (+33.7% YoY).

	This period	Year on year
Revenue	¥48.7bn	+8.5%
Ordinary profit	¥9.8bn	+36.4%
Net profit to owners	¥7.3bn	+33.7%

From the securities report on EDINET, which states no forecast. History via /v1/companies/6454/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥99.6bn
Net income: ¥13.9bn
ROE: 12.6%
Equity ratio: 83.6%
Dividend / share: ¥148
Employees: 2,470

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥99.6bn	¥13.9bn	¥137.9bn	¥115.5bn	12.6%	¥76.55	¥14.8bn
2025-03-31	¥91.8bn	¥11.2bn	¥126.6bn	¥106.0bn	10.9%	¥60.45	¥14.6bn
2024-03-31	¥86.6bn	¥10.4bn	¥121.7bn	¥99.8bn	11.1%	¥55.64	¥12.1bn
2023-03-31	¥84.3bn	¥7.6bn	¥116.7bn	¥88.9bn	8.9%	¥40.26	¥8.2bn
2022-03-31	¥74.0bn	¥6.1bn	¥109.0bn	¥83.1bn	7.5%	¥32.09	¥5.6bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	12.6	70.1
Ordinary margin	0.1845	88.4
Equity ratio, %	83.6	93.6
Revenue growth	0.0846	64.6
Net income growth	0.2375	59.9
Operating cash flow / assets	0.1073	76.5

Policy-uncertainty measure1.93 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Trade & tariffs 1 Regulation 1 Politics & geopolitics 4

Ownership activity 1 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 19.2% held by other listed companies.

Results wording balance: +0.33. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥875m of reported debt repriced by 50 basis points, a year's interest would rise by ¥4m, 0.0% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/6454/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Share buyback, report to —: ¥6.3bn acquired of a ¥7.1bn limit. /v1/companies/6454/buybacks

Internal control, 2026-06-23: see filing 上記の評価の結果、当事業年度末日時点において、当社グループの財務報告に係る内部統制は有効であると判断いたしました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Office Equipment, Industrial Equipment, HCR Equipment. /v1/companies/6454/segments

Latest voting result: 2026-06-29 · 剰余金処分の件 · passed. /v1/companies/6454/voting

Ownership changes

All companies →

2026-08-06

Decrease−1.48pt

Daiichi Life Insurance Co., Ltd. reduced holdings in MAX CO., LTD. (6454) to 7.18% from 8.66%.

S100YUSHFiler profile Original filing (PDF, Japanese)
2026-03-12

Stated it may make proposals

ValueAct Capital Management, L.P. states it may make proposals to the management of MAX CO., LTD. (6454) (first filing).

S100XPTDFiler profile Original filing (PDF, Japanese)
2026-03-12

New 5% stake

ValueAct Capital Management, L.P. disclosed a 7.31% stake in MAX CO., LTD. (6454), crossing the 5% reporting threshold.

S100XPTDFiler profile Original filing (PDF, Japanese)
2025-03-24

Increase+0.12pt

Mizuho Bank,Ltd. raised holdings in MAX CO., LTD. (6454) to 6.11% from 5.99%.

S100VFSHFiler profile Original filing (PDF, Japanese)
2024-12-06

Decrease−1.41pt

Mizuho Bank,Ltd. reduced holdings in MAX CO., LTD. (6454) to 5.99% from 7.40%.

S100UWJKFiler profile Original filing (PDF, Japanese)
2023-03-15

New 5% stake

individual filer disclosed a 6.95% stake in MAX CO., LTD. (6454), crossing the 5% reporting threshold.

S100QBSKOriginal filing (PDF, Japanese)
2023-03-15

Below 5%−6.20pt

individual filer cut holdings in MAX CO., LTD. (6454) to 0.00% from 6.20%, below the 5% threshold.

S100QDIROriginal filing (PDF, Japanese)
2022-05-23

Amendment0.00pt

individual filer filed a correction to a 5% report on MAX CO., LTD. (6454).

S100O0SEOriginal filing (PDF, Japanese)
2022-04-08

Below 5%−7.47pt

individual filer cut holdings in MAX CO., LTD. (6454) to 0.00% from 7.47%, below the 5% threshold.

S100NUOUOriginal filing (PDF, Japanese)
2022-04-08

New 5% stake

individual filer disclosed a 8.02% stake in MAX CO., LTD. (6454), crossing the 5% reporting threshold.

S100NUOVOriginal filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
ValueAct Capital Management, L.P.	2026-03-05 – 2026-03-05	+1,111,300	+2.39pt	¥5,784.42	¥5,784–5,784
ValueAct Japan Master Fund, L.P.	2026-03-05 – 2026-03-05	+1,111,300	+2.39pt	¥5,784.42	¥5,784–5,784
individual filer	2023-01-27 – 2023-03-10	-3,291,856	−6.93pt	¥2,173.29	¥2,147–2,200
individual filer	2023-03-10 – 2023-03-10	+3,304,356	+6.95pt	—	—
individual filer	2022-02-28 – 2022-04-01	-3,793,454	−7.98pt	¥1,730	¥1,730–1,730
individual filer	2022-04-01 – 2022-04-01	+3,810,583	+8.02pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/6454/trades.

5% filings

Large shareholding reports on 6454

Filed	Filer	Stake	Change	Stated purpose
2026-08-06	Daiichi Life Insurance Co., Ltd.	7.18%	−1.48pt	pure investment
2026-03-12	ValueAct Capital Management, L.P.	7.31%	—	may make proposals pure investment
2025-03-24	Mizuho Bank,Ltd.	6.11%	+0.12pt	—
2024-12-06	Mizuho Bank,Ltd.	5.99%	−1.41pt	—
2023-03-15	individual filer	6.95%	—	—
2023-03-15	individual filer	0.00%	−6.20pt	—
2022-05-23	individual filer	8.02%	—	—
2022-04-08	individual filer	0.00%	−7.47pt	—
2022-04-08	individual filer	8.02%	—	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 8 issues
Book value: ¥8.6bn
Sold in the year: — — issues
Bought in the year: ¥1m 1 issues
Mutual, both reports: 4
Held by listed cos.: 11

Holds	Book value	Shares vs. prior year	Mutual
The Gunma Bank, Ltd. 8334	¥3,817m	0.0%	both reports
SAKATA SEED CORPORATION 1377	¥2,116m	0.0%	stated
Mitsubishi UFJ Financial Group, Inc. 8306	¥977m	0.0%	no
Mizuho Financial Group, Inc. 8411	¥663m	0.0%	no
NIPPON STEEL CORPORATION 5401	¥583m	+400.0%	both reports
UCHIDA YOKO CO., LTD. 8057	¥217m	+400.0%	both reports
Sumitomo Mitsui Trust Group, Inc. 8309	¥171m	0.0%	no
KIMURA CO.,LTD. 7461	¥36m	+3.2%	both reports

Held by: The Gunma Bank, Ltd. 8334, NIPPON STEEL CORPORATION 5401, SHIMIZU CORPORATION 1803, UCHIDA YOKO CO., LTD. 8057, YAMATO CORPORATION 1967, KANEKO SEEDS CO., LTD. 1376, ARCLANDS CORPORATION 9842, KIMURA CO.,LTD. 7461, LOGINET JAPAN CO.,LTD. 9027, NAKANO CORPORATION 1827, SYS Holdings Co., Ltd. 3988

Purposes, all holdings and mutual flags via /v1/companies/6454/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
日本マスタートラスト信託銀行株式会社（信託口）	3,890,000	8.65%
第一生命保険株式会社	3,856,000	8.58%
日本生命保険相互会社	3,762,000	8.37%
マックス共栄会第一持株会	3,621,000	8.06%
マックス共栄会第二持株会	3,247,000	7.22%
individual holder	2,600,000	5.78%
株式会社日本カストディ銀行（信託口）	1,951,000	4.34%
株式会社みずほ銀行	1,834,000	4.08%
株式会社群馬銀行	1,714,000	3.81%
マックス従業員持株会	1,129,000	2.51%

U.S. funds holding 6454

SEC Form N-PORT, reports to 2026-07-31

57 U.S. funds held 8,738,738 shares worth $97.0m.

Fund	Shares	Value	% of fund	As of
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	2,028,768	$23.3m	0.004%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	1,390,136	$14.7m	0.005%	2026-06-30
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	546,300	$6.3m	0.046%	2026-07-31
THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO	490,800	$5.6m	0.140%	2026-07-31
iShares Core MSCI EAFE ETF iShares Trust	428,400	$4.9m	0.003%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/6454
GET /v1/companies/6454/financials
GET /v1/companies/6454/details
GET /v1/companies/6454/segments
GET /v1/companies/6454/voting
GET /v1/companies/6454/tender-offers
GET /v1/companies/6454/indicators
GET /v1/companies/6454/earnings-releases
GET /v1/events?ticker=6454
GET /v1/companies/6454/trades         
GET /v1/companies/6454/cross-holdings 
GET /v1/companies/6454/brief

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