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MAX, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 19%

Fri Jan 30, 2026 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 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 19.4% from the same period last year, reaching 14.5 billion yen. Progress toward the full-year plan of 17.5 billion yen was 82.9%, also surpassing the five-year average of 75.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 12.3% from the same period last year, reaching 2.99 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 4.75 billion yen, a 4.9% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 16.8% in the same period last year to 16.8%.

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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, 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 82.0 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 74,323 13,770 14,507 10,902 239.6 82.9 Jan 30, 2026 J-GAAP
YoY +7.7% +20.0% +19.4% +19.7% +22.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 46,958 7,052 7,659 5,772 124.3 114 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 49,012 7,733 7,745 5,912 131.5 132 Oct 31, 2025 J-GAAP
YoY +4.4% +9.7% +1.1% +2.4% +5.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 86,638 12,601 13,717 10,435 222.6 101 Apr 26, 2024 J-GAAP
Mar, 2025 91,839 14,468 14,809 11,225 241.8 114 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 97,700 17,200 17,500 13,200 293.6 132 Oct 31, 2025 J-GAAP
YoY +6.4% +18.9% +18.2% +17.6% +21.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 24,129 4,061 4,995 3,656 78.6 16.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 22,829 2,991 2,664 2,116 45.6 13.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 24,240 4,894 4,968 3,595 78.3 20.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 24,448 4,573 4,787 3,693 80.7 18.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 25,635 4,303 4,752 3,614 79.4 16.8 Jan 30, 2026 J-GAAP
YoY +6.2% +6.0% -4.9% -1.1% +1.1%

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