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MAX, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Raises Record High Profit Forecast, Dividend Revised Upward by 12 Yen

Mon Mar 9, 2026 3:30 pm JST Revision

6454 MAX CO., LTD. 【J-GAAP】

Guidance Update Report

MAX CO., LTD. <6454> [TSE Prime] announced a revision to its performance and dividend after the market closed on March 9th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 4.0%, from the previous forecast of 17.5 billion yen to 18.2 billion yen (compared to 14.8 billion yen in the previous period), increasing the growth rate from 18.2% to 22.9%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit is expected to increase 9.0%, from the previous forecast of 7.74 billion yen to 8.44 billion yen (compared to 7.65 billion yen in the same period of the previous year), increasing the growth rate from 1.1% to 10.3%.

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 132 yen to 144 yen (compared to 114 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 49,012 7,733 7,745 5,912 131.5 132 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 50,912 8,033 8,445 6,312 140.4 144 Mar 9, 2026 J-GAAP
Revision Rate +3.9% +3.9% +9.0% +6.8% +6.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 97,700 17,200 17,500 13,200 293.6 132 Oct 31, 2025 J-GAAP
Mar, 2026 New 99,600 17,500 18,200 13,600 302.5 144 Mar 9, 2026 J-GAAP
Revision Rate +1.9% +1.7% +4.0% +3.0% +3.0%

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 50,912 8,033 8,445 6,312 140.4 144 Mar 9, 2026 J-GAAP
YoY +8.4% +13.9% +10.3% +9.4% +12.9%

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 99,600 17,500 18,200 13,600 302.5 144 Mar 9, 2026 J-GAAP
YoY +8.5% +21.0% +22.9% +21.2% +25.1%

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