JP-listed companies
MAX CO., LTD.

MAX CO., LTD.JP:6454

Market cap

¥186.8B

P/E ratio

17.8x

Income statement Balance sheet Cash flow

	Mar 31, 2012	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024
Cash and deposits	-	16,315	11,025	15,343	17,783	21,965	23,722	22,190	21,849	21,421	23,302	27,615	31,624
Notes receivable - trade	-	-	-	-	-	-	-	-	-	-	323	350	178
Electronically recorded monetary claims - operating	-	-	-	-	-	-	-	-	-	-	1,102	1,276	1,672
Accounts receivable - trade	-	-	-	-	-	-	-	-	-	-	12,358	13,094	13,919
Securities	-	3,982	3,611	4,009	3,224	4,212	5,925	4,915	2,805	3,908	4,810	6,203	6,595
Merchandise and finished goods	-	4,647	4,592	5,336	5,141	5,160	5,280	6,095	6,091	6,616	8,705	11,070	10,839
Work in process	-	704	1,058	983	878	845	812	782	858	798	992	989	1,026
Raw materials	-	2,481	2,043	1,644	1,480	1,183	1,189	1,097	1,025	1,090	1,487	1,806	2,082
Other	-	870	996	839	918	879	1,017	1,075	780	785	1,851	1,287	1,456
Allowance for doubtful accounts	-	-3	-3	-27	-13	-1	-1	-1	-1	-1	-4	-4	-3
Current assets	-	43,783	38,916	43,354	44,693	49,916	53,687	50,549	46,937	47,246	54,930	63,688	69,392
Other	-	870	996	839	918	879	1,017	1,075	780	785	1,851	1,287	1,456
Allowance for doubtful accounts	-	-3	-3	-27	-13	-1	-1	-1	-1	-1	-4	-4	-3
Current assets	-	43,783	38,916	43,354	44,693	49,916	53,687	50,549	46,937	47,246	54,930	63,688	69,392
Buildings and structures	-	6,719	7,115	6,817	6,213	6,008	5,781	6,484	6,622	6,483	10,445	11,317	11,196
Machinery, equipment and vehicles	-	1,593	1,806	1,969	2,290	2,610	2,848	3,413	3,606	3,536	4,231	4,334	4,242
Land	-	7,792	7,230	7,255	7,095	6,972	7,208	7,253	7,165	7,181	7,193	7,191	7,211
Leased assets	-	445	499	519	465	441	484	451	567	602	634	670	619
Construction in progress	-	1,305	239	375	431	479	819	541	585	3,649	1,042	754	1,387
Land	-	7,792	7,230	7,255	7,095	6,972	7,208	7,253	7,165	7,181	7,193	7,191	7,211
Other	-	657	694	776	802	830	954	1,044	1,102	1,274	1,415	1,749	1,699
Leased assets	-	445	499	519	465	441	484	451	567	602	634	670	619
Property, plant and equipment	-	18,514	17,586	17,714	17,298	17,342	18,097	19,188	19,649	22,727	24,963	26,017	26,357
Construction in progress	-	1,305	239	375	431	479	819	541	585	3,649	1,042	754	1,387
Property, plant and equipment	-	18,514	17,586	17,714	17,298	17,342	18,097	19,188	19,649	22,727	24,963	26,017	26,357
Intangible assets	-	221	254	955	717	496	403	228	316	332	440	454	514
Other	-	-	254	249	212	226	259	228	316	332	440	454	514
Intangible assets	-	221	254	955	717	496	403	228	316	332	440	454	514
Investment securities	-	16,732	22,317	22,473	21,672	21,034	20,100	23,552	27,319	27,589	23,766	20,701	21,408
Long-term loans receivable	-	646	567	487	384	288	235	200	220	129	101	75	98
Long-term loans receivable	-	646	567	487	384	288	235	200	220	129	101	75	98
Deferred tax assets	-	-	-	-	-	-	-	3,633	4,051	3,607	3,974	4,721	2,858
Deferred tax assets	-	-	-	-	-	-	-	3,633	4,051	3,607	3,974	4,721	2,858
Other	-	1,756	1,506	1,036	855	857	883	827	889	914	876	1,092	1,183
Allowance for doubtful accounts	-	-11	-9	-9	-9	-5	-5	-5	-5	-9	-9	-9	-9
Investments and other assets	-	21,319	27,799	26,566	26,118	25,245	24,831	28,208	32,474	32,231	28,709	26,582	25,539
Other	-	1,756	1,506	1,036	855	857	883	827	889	914	876	1,092	1,183
Allowance for doubtful accounts	-	-11	-9	-9	-9	-5	-5	-5	-5	-9	-9	-9	-9
Investments and other assets	-	21,319	27,799	26,566	26,118	25,245	24,831	28,208	32,474	32,231	28,709	26,582	25,539
Non-current assets	-	40,056	45,641	45,236	44,134	43,084	43,332	47,624	52,441	55,292	54,113	53,054	52,411
Assets	-	83,839	84,557	88,590	88,828	93,000	96,133	98,174	99,378	102,538	109,043	116,742	121,803
Accounts payable - trade	-	-	-	3,912	4,073	3,864	3,710	3,713	3,136	3,561	4,223	4,204	3,671
Short-term borrowings	-	2,451	1,850	1,850	1,850	1,950	1,850	1,850	1,850	1,850	2,000	1,850	1,050
Lease liabilities	-	163	180	190	175	170	185	177	266	222	195	247	243
Accounts payable - other	-	1,632	1,608	2,314	1,568	1,756	1,899	2,136	1,859	2,048	2,058	2,032	2,683
Income taxes payable	-	1,078	932	1,212	822	1,372	940	1,082	841	565	1,597	2,378	989
Accrued consumption taxes	-	217	72	294	73	246	91	93	341	252	162	110	416
Provision for bonuses	-	1,354	1,428	1,407	1,435	1,719	1,770	1,753	1,730	1,834	1,834	2,622	2,855
Provision for bonuses	-	1,354	1,428	1,407	1,435	1,719	1,770	1,753	1,730	1,834	1,834	2,622	2,855
Provision for bonuses for directors (and other officers)	-	64	41	43	43	53	42	44	44	58	49	80	103
Provision for bonuses for directors (and other officers)	-	64	41	43	43	53	42	44	44	58	49	80	103
Provision for product warranties	-	-	-	-	-	-	-	112	87	68	213	154	189
Provision for product warranties	-	-	-	-	-	-	-	112	87	68	213	154	189
Other	-	1,418	1,336	1,393	1,450	1,436	1,433	1,315	1,407	1,338	1,715	1,979	2,068
Other	-	1,418	1,336	1,393	1,450	1,436	1,433	1,315	1,407	1,338	1,715	1,979	2,068
Current liabilities	-	12,649	11,698	12,638	11,519	12,592	11,951	12,279	11,563	11,800	14,051	15,660	14,297
Current liabilities	-	12,649	11,698	12,638	11,519	12,592	11,951	12,279	11,563	11,800	14,051	15,660	14,297
Long-term borrowings	-	100	150	150	150	50	150	150	150	150	-	125	125
Lease liabilities	-	282	319	329	289	270	298	273	300	379	438	426	348
Provision for product warranties	-	-	-	65	47	44	43	14	13	13	12	15	15
Deferred tax liabilities	-	-	-	-	-	-	-	26	45	41	15	6	10
Provision for retirement benefits	-	5,968	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities for land revaluation	-	550	550	498	462	462	472	474	474	474	474	474	474
Deferred tax liabilities for land revaluation	-	550	550	498	462	462	472	474	474	474	474	474	474
Provision for product warranties	-	-	-	65	47	44	43	14	13	13	12	15	15
Asset retirement obligations	-	26	27	27	28	18	18	29	30	41	154	141	135
Retirement benefit liability	-	-	9,536	9,078	11,788	12,061	11,437	10,799	10,661	10,789	10,618	10,669	6,135
Other	-	142	116	122	256	273	179	177	166	151	142	318	330
Asset retirement obligations	-	26	27	27	28	18	18	29	30	41	154	141	135
Non-current liabilities	-	7,405	10,863	10,456	13,045	13,197	12,635	11,945	11,842	12,041	11,855	12,176	7,573
Other	-	142	116	122	256	273	179	177	166	151	142	318	330
Non-current liabilities	-	7,405	10,863	10,456	13,045	13,197	12,635	11,945	11,842	12,041	11,855	12,176	7,573
Liabilities	-	20,055	22,562	23,094	24,565	25,789	24,559	24,224	23,406	23,842	25,907	27,836	21,870
Share capital	-	12,367	12,367	12,367	12,367	12,367	12,367	12,367	12,367	12,367	12,367	12,367	12,367
Capital surplus	-	10,517	10,517	10,517	10,518	10,518	10,518	10,517	10,518	10,517	10,517	10,517	10,535
Capital surplus	-	10,517	10,517	10,517	10,518	10,518	10,518	10,517	10,518	10,517	10,517	10,517	10,535
Retained earnings	-	42,697	42,828	42,798	43,654	46,444	49,029	51,533	54,891	55,872	58,929	63,521	70,353
Retained earnings	-	42,697	42,828	42,798	43,654	46,444	49,029	51,533	54,891	55,872	58,929	63,521	70,353
Treasury shares	-	-96	-1,423	-250	-263	-271	-278	-319	-320	-373	-413	-414	-2,670
Shareholders' equity	-	65,486	64,290	65,434	66,277	69,059	71,636	74,099	77,456	78,384	81,401	85,992	90,586
Valuation difference on available-for-sale securities	-	226	583	1,578	1,190	1,635	1,947	1,417	361	1,259	1,143	1,547	2,721
Revaluation reserve for land	-	-2,228	-1,364	-1,213	-343	-328	-338	-339	-339	-339	-339	-339	-339
Valuation and translation adjustments	-	-2,006	-2,401	-54	-2,126	-1,948	-169	-258	-1,585	215	1,633	2,802	9,230
Foreign currency translation adjustment	-	-4	279	1,057	285	-306	59	-82	-539	236	1,773	2,854	5,388
Remeasurements of defined benefit plans	-	-	-1,899	-1,477	-3,258	-2,949	-1,837	-1,253	-1,066	-940	-943	-1,260	1,460
Valuation and translation adjustments	-	-2,006	-2,401	-54	-2,126	-1,948	-169	-258	-1,585	215	1,633	2,802	9,230
Net assets	62,722	63,784	61,995	65,495	64,263	67,210	71,574	73,950	75,972	78,696	83,136	88,906	99,933
Non-controlling interests	-	-	-	116	112	100	106	109	100	97	100	110	116
Net assets	62,722	63,784	61,995	65,495	64,263	67,210	71,574	73,950	75,972	78,696	83,136	88,906	99,933
Liabilities and net assets	-	83,839	84,557	88,590	88,828	93,000	96,133	98,174	99,378	102,538	109,043	116,742	121,803