Maxell, Ltd. (6810) Stock Price

Market cap
¥98.7B
P/E ratio
12.7x
Maxell manufactures batteries, functional materials, optical components, and consumer electronics across four business segments serving industrial and consumer markets.

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Business Overview

Maxell operates four business segments: Energy, Functional Materials, Optical & Systems, and Life Solutions. These segments offer a diverse range of products and services that address the needs of various markets.

The Energy segment manufactures and sells consumer lithium-ion batteries, lithium-ion battery electrodes, coin-type lithium secondary batteries, lithium primary batteries, button batteries, chargers and battery packs, and electrode application products. The company also operates a power generation business through solar photovoltaic systems.

The Functional Materials segment manufactures and sells adhesive tapes, functional materials, coated separators, and industrial rubber products. These products serve various industrial applications and meet diverse customer needs.

The Optical & Systems segment manufactures and sells optical components, electroformed and precision parts, semiconductor-related embedded systems, molds and synthetic resin molded products, RFID systems, IC cards, and video equipment. This segment delivers advanced technology-based products to the market.

The Life Solutions segment manufactures and sells health and beauty care devices, small electrical appliances, audio equipment, optical discs, charging devices, accessories, dry cell batteries, and electrical installation tools. These products provide diverse options to enhance daily life.

Management Policy

Maxell is advancing its business portfolio transformation based on its proprietary "Analog Core Technology," which comprises three pillars: "hybrid dispersion," "precision coating," and "high-precision molding." The company leverages this technology to deliver maximum value to stakeholders. In particular, Maxell prioritizes contributing to a sustainable society as its mission and emphasizes creating new value for society through technological innovation.

Under its medium-term management plan "MEX26," Maxell has established a vision toward 2030 and is pursuing growth strategies that capture major global economic and social trends. Specifically, the company is focusing on three sectors: "Mobility," "ICT/AI," and "People/Social Infrastructure," defining growth businesses in each area. Through this approach, Maxell is conducting advanced development and market exploration while making aggressive capital investments to strengthen its business foundation.

In the Mobility sector, anticipating increased demand for autonomous driving and electrification-related products, Maxell is developing growth businesses including heat-resistant coin-type lithium batteries and vehicle camera lens units. In the ICT/AI sector, centered on semiconductor manufacturing process tape and electroformed products, the company is expanding markets by leveraging its technological capabilities. In the People/Social Infrastructure sector, Maxell is positioning primary batteries for medical devices and construction/building material tape as growth businesses, contributing to the realization of a sustainable society.

To support these growth strategies, Maxell is strengthening its management structure, building its corporate brand, and improving capital efficiency. In particular, the company uses ROIC as a key metric to enhance capital efficiency and carefully selects investment projects to improve profitability. Additionally, Maxell emphasizes human resource development and sustainability management to increase corporate value.

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