MAX, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Jan 31, 2025 3:30 pm JST Earnings

6454 MAX CO., LTD. 【J-GAAP】

Earnings Report

MAX CO., LTD. <6454> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 16.1% from the same period last year, reaching 12.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 2.6%, from the previous forecast of 13.7 billion yen to 14.1 billion yen (compared to 13.7 billion yen in the previous period), increasing the growth rate from 0.2% to 2.8%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 5.5%, from the previous forecast of 6.59 billion yen to 6.95 billion yen (compared to 6.28 billion yen in the same period of the previous year), increasing the growth rate from 4.9% to 10.7%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 108 yen to 112 yen (compared to 101 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 65.0% from the same period last year, reaching 4.99 billion yen. The operating profit margin rose from 14.4% in the same period last year to 16.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	63,880	7,595	8,249	5,871	124.1	78.5	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	65,332	9,879	10,463	7,989	169.9	76.3	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	69,010	11,477	12,145	9,109	195.8	86.1	Jan 31, 2025	J-GAAP
YoY	+5.6%	+16.2%	+16.1%	+14.0%	+15.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	45,419	6,184	6,590	4,907	106.4	108	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	46,419	6,384	6,950	5,147	111.6	112	Jan 31, 2025	J-GAAP
Revision Rate	+2.2%	+3.2%	+5.5%	+4.9%	+4.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	90,300	13,600	13,740	10,360	224.7	108	Jul 31, 2024	J-GAAP
Mar, 2025 New	91,300	13,800	14,100	10,600	229.9	112	Jan 31, 2025	J-GAAP
Revision Rate	+1.1%	+1.5%	+2.6%	+2.3%	+2.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	43,718	5,952	6,281	4,848	103.4	101	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	46,419	6,384	6,950	5,147	111.6	112	Jan 31, 2025	J-GAAP
YoY	+6.2%	+7.3%	+10.7%	+6.2%	+8.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	84,316	9,926	10,510	7,619	161.1	78	Apr 28, 2023	J-GAAP
Mar, 2024	86,638	12,601	13,717	10,435	222.6	101	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	91,300	13,800	14,100	10,600	229.9	112	Jan 31, 2025	J-GAAP
YoY	+5.4%	+9.5%	+2.8%	+1.6%	+3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	22,412	3,230	3,027	2,402	51.1	14.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	21,306	2,722	3,254	2,446	52.2	12.8	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	22,588	3,988	4,572	3,340	71.8	17.7	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	22,293	3,428	2,578	2,113	45.4	15.4	Oct 31, 2024	J-GAAP
Oct - Dec, 2024	24,129	4,061	4,995	3,656	78.6	16.8	Jan 31, 2025	J-GAAP
YoY	+7.7%	+25.7%	+65.0%	+52.2%	+53.8%