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Financial results presentation6454MAX CO.,LTD.Machinery

Presentation Materials for the First Quarter Financial Results Briefing for the Fiscal Year Ending March 2027

Revenue and all profit measures reached record highs in the first quarter of the fiscal year ending March 2027. Following the strong first-quarter performance, the interim and full-year forecasts announced in April 2026 were revised upward.

Worth reading
79Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
4400
¥ million (difference from the previous full-year revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,334 million+16.9%
Operating profit¥5,879 million+20.1%
Ordinary income¥6,015 million+21.1%
Net income¥4,323 million+20.2%
Gross Profit Margin51.4 %
Operating profit margin20.7 %
Results for the three months of the current quarter
Net Sales
¥28,334 million
Operating profit
¥5,879 million
Ordinary income
¥6,015 million
Profit attributable to owners of parent for the quarter
¥4,323 million
Full-year earnings forecast
Net Sales
¥109,900 million
Operating profit
¥19,900 million
Ordinary income
¥19,900 million
Profit attributable to owners of the parent
¥15,050 million
Earnings per share
¥85.36
ROE
13 %
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Sales of tools for concrete structures
29 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to exceed the forecast announced on 30 April 2026, due in part to the strong first-quarter performance
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Foreign exchange impact¥944 million
  • Foreign exchange impact on sales¥1,713 million
  • Foreign exchange impact on costs¥-769 million
  • Volume variance¥1,292 million
  • Higher selling prices¥238 million
  • Higher costs¥-256 million
  • Increase in SG&A expenses¥-1,269 million
  • Foreign exchange translation differences¥249 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Assumed exchange rate (from Q2 onward): U.S. dollar¥155
  • Assumed exchange rate (from Q2 onward): euro¥180
  • Sales FX sensitivity (annualized): U.S. dollar¥240 million
  • Sales FX sensitivity (annualized): euro¥110 million
  • Profit FX sensitivity (annualized): U.S. dollar¥90 million
  • Profit FX sensitivity (annualized): euro¥110 million
New initiatives
  • Promote capacity expansion and PMI at 藤工業株式会社 as the Group's main component-processing plant
  • Rename Bo Fastening AB as MAX Scandinavia AB and promote marketing activities throughout the Nordic region
  • Acquire up to 4,000,000 treasury shares for ¥7.1 billion
Key KPIsA metric the company considers important as a management benchmark.
  • Sales of tools for concrete structures134 Hundreds of millions of yen
    Year on year against the same period last year+32.0%
  • Overseas revenue ratio58 %
  • U.S. housing starts142.7 10,000 units annualized as of June 2026
  • Domestic new housing starts-14.3 % year on year
  • Floor area of non-residential construction starts-11.3 % year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • North America: rebar tying tools, equipment volume9 % year on year
  • North America: rebar tying tools, consumables volume13 % year on year
  • Europe: rebar tying tools, equipment volume33 % year on year
  • Europe: rebar tying tools, consumables volume23 % year on year
  • Japan: rebar tying tools, equipment volume-17 % year on year
  • Japan: rebar tying tools, consumables volume8 % year on year
Segment results
Industrial Equipment Division
Net Sales
¥21,790 million+20.3%
Segment profit
¥6,245 million+21.5%
Office Equipment Division
Net Sales
¥5,783 million+8.1%
Segment profit
¥1,034 million+4.6%
HCR Equipment Division
Net Sales
¥760 million-1.3%
Segment profit
¥-6 million
Financial targets
ROE
Full-year plan13 %
Previous plan12.3 %
Previous-period results12.6 %
Capital expenditures
¥684 million Q1 actual
Annual Dividend
Annual
¥40
Payout ratio
50 % approximate
Dividend-on-equity ratio
6 %
Acquisition of treasury shares
Maximum number of shares to be acquired4,000,000
Share unitShares
Maximum acquisition amount7,100,000,000
Amount unit¥
Acquisition period1 May 2026 to 31 December 2026
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥28,334 million (YoY +16.9%)
Operating profit¥5,879 million (YoY +20.1%)
Ordinary income¥6,015 million (YoY +21.1%)
Net income¥4,323 million (YoY +20.2%)
Gross Profit Margin51.4 %
Operating profit margin20.7 %
Results for the three months of the current quarterNet Sales ¥28,334 million / Operating profit ¥5,879 million / Ordinary income ¥6,015 million / Profit attributable to owners of parent for the quarter ¥4,323 million
Full-year earnings forecastNet Sales ¥109,900 million / Operating profit ¥19,900 million / Ordinary income ¥19,900 million / Profit attributable to owners of the parent ¥15,050 million / Earnings per share ¥85.36 / ROE 13 %
Progress against full-year forecastSales of tools for concrete structures 29 %
Self-assessment against the planExpected to exceed the forecast announced on 30 April 2026, due in part to the strong first-quarter performance
Segment resultsIndustrial Equipment Division Net Sales ¥21,790 million (YoY +20.3%) / Segment profit ¥6,245 million (YoY +21.5%) / Office Equipment Division Net Sales ¥5,783 million (YoY +8.1%) / Segment profit ¥1,034 million (YoY +4.6%) / HCR Equipment Division Net Sales ¥760 million (YoY -1.3%) / Segment profit ¥-6 million
Breakdown of Factors Affecting the ChangeFactors Foreign exchange impact / Amount ¥944 million, Factors Foreign exchange impact on sales / Amount ¥1,713 million, Factors Foreign exchange impact on costs / Amount ¥-769 million, Factors Volume variance / Amount ¥1,292 million, Factors Higher selling prices / Amount ¥238 million, Factors Higher costs / Amount ¥-256 million, Factors Increase in SG&A expenses / Amount ¥-1,269 million, Factors Foreign exchange translation differences / Amount ¥249 million
Key KPIsIndicator name Sales of tools for concrete structures / Value 134 Hundreds of millions of yen / Year on year against the same period last year 32 Hundreds of millions of yen, Indicator name Overseas revenue ratio / Value 58 %, Indicator name U.S. housing starts / Value 142.7 10,000 units (annualized as of June 2026), Indicator name Domestic new housing starts / Value -14.3 % year on year, Indicator name Floor area of non-residential construction starts / Value -11.3 % year on year
Unit price and quantity metricsIndicator name North America: rebar tying tools, equipment volume / Value 9 % year on year, Indicator name North America: rebar tying tools, consumables volume / Value 13 % year on year, Indicator name Europe: rebar tying tools, equipment volume / Value 33 % year on year, Indicator name Europe: rebar tying tools, consumables volume / Value 23 % year on year, Indicator name Japan: rebar tying tools, equipment volume / Value -17 % year on year, Indicator name Japan: rebar tying tools, consumables volume / Value 8 % year on year
Assumptions Underlying the Business OutlookItem Assumed exchange rate (from Q2 onward): U.S. dollar / Value ¥155, Item Assumed exchange rate (from Q2 onward): euro / Value ¥180, Item Sales FX sensitivity (annualized): U.S. dollar / Value ¥240 million, Item Sales FX sensitivity (annualized): euro / Value ¥110 million, Item Profit FX sensitivity (annualized): U.S. dollar / Value ¥90 million, Item Profit FX sensitivity (annualized): euro / Value ¥110 million
Financial targetsROE Full-year plan 13 % / Previous plan 12.3 % / Previous-period results 12.6 %
Annual DividendAnnual ¥40 / Interim Not disclosed / End of period Not disclosed
Payout ratio50 % (approximate)
Acquisition of treasury sharesMaximum number of shares to be acquired 4,000,000 / Share unit Shares / Maximum acquisition amount 7,100,000,000 / Amount unit ¥ / Acquisition period 1 May 2026 to 31 December 2026
Capital expenditures¥684 million (Q1 actual)
New initiativesPromote capacity expansion and PMI at 藤工業株式会社 as the Group's main component-processing plant, Rename Bo Fastening AB as MAX Scandinavia AB and promote marketing activities throughout the Nordic region, Acquire up to 4,000,000 treasury shares for ¥7.1 billion
Items this document does not state (8)
Selling, general and administrative expensesNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Because first-quarter performance was strong. In particular, overseas infrastructure and non-residential markets, demand for mechanization amid labor shortages, and sales of rebar tying tools and consumables contributed to performance.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials for the First Quarter Financial Results Briefing for the Fiscal Year Ending March 2027 | MAX CO.,LTD. (6454) timely disclosure | Komori