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MAX, 4% Increase in Ordinary Profit, Update Record High for Sixth Consecutive Term, Increased Previous Year's Dividend by 4 Yen, This Fiscal Year to Increase Dividend

Thu Apr 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 April 30th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 24.1% from the previous period to 18.3 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 3.9% to 19.1 billion yen, marking the sixth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 144 yen to 148 yen (compared to 114 yen in the prior term), and the annual dividend for this fiscal year is 40 yen, taking into account the forward stock split scheduled to be allocated on March 31, this dividend represents an actual increase of 8.1%.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 45.5% from the same period last year, reaching 3.87 billion yen. The operating profit margin rose from 13.1% in the same period last year to 15.0%.

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Actual Results

Historical Performance
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 55.6 25.25 Apr 26, 2024 J-GAAP
Mar, 2025 91,839 14,468 14,809 11,225 60.5 28.50 Apr 30, 2025 J-GAAP
Mar, 2026 99,607 17,571 18,382 13,891 76.6 37 Apr 30, 2026 J-GAAP
YoY +8.5% +21.4% +24.1% +23.8% +26.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 99,600 17,500 18,200 13,600 75.6 36 Mar 9, 2026 J-GAAP
Mar, 2026 Results 99,607 17,571 18,382 13,891 76.6 37 Apr 30, 2026 J-GAAP
Revision Rate +0.0% +0.4% +1.0% +2.1% +1.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 48,688 9,467 9,755 7,288 39.8 － Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance 52,050 9,600 9,800 7,300 40.6 － Apr 30, 2026 J-GAAP
YoY +6.9% +1.4% +0.5% +0.2% +1.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 91,839 14,468 14,809 11,225 60.5 28.50 Apr 30, 2025 J-GAAP
Mar, 2026 99,607 17,571 18,382 13,891 76.6 37 Apr 30, 2026 J-GAAP
Mar, 2027 Guidance 105,500 18,800 19,100 14,200 79.0 40 Apr 30, 2026 J-GAAP
YoY +5.9% +7.0% +3.9% +2.2% +3.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 22,829 2,991 2,664 2,116 11.4 13.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 24,240 4,894 4,968 3,595 19.6 20.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 24,448 4,573 4,787 3,693 20.2 18.7 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 25,635 4,303 4,752 3,614 19.9 16.8 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 25,284 3,801 3,875 2,989 16.5 15.0 Apr 30, 2026 J-GAAP
YoY +10.8% +27.1% +45.5% +41.3% +44.5%

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