Maxell, Ltd.

Maxell, Ltd.

14.00
EUR
-0.10
(-0.71%)
409.16MMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2,361.53
2,952.88
2,956.34
2,557.03
2,804.6
2,849.76
2,838.43
2,811.52
2,794.54
2,795.28
2,817.47
2,955.39
3,165.7
- -
Basic EPS, GAAP
118.2
129.07
74.39
108.32
134.88
100.51
-205.23
-189.51
-73.98
109.33
164.59
93.12
202.03
- -
Free Cash Flow per Basic Share
13.69
6.64
196.59
164.87
36.18
-202.13
113.9
126.93
268.91
-32.11
166.71
37.02
1.27
- -
Dividend per Share
7.95
94.51
49.51
35.99
35.99
44
295.13
- -
20.02
40.8
40.01
55.87
52.78
- -
Book Value per Share
2,097.2
2,211.29
2,121.44
2,203.19
2,290.22
2,328.41
1,828.68
1,640.98
1,647.78
1,807.25
2,048.15
2,118.37
2,361.8
2,361.8
Tangible Book Value per Share
2,072.82
2,191.9
2,101.63
2,183.83
2,208.22
2,029.47
1,702.01
1,532.63
1,546.06
1,704.75
1,943.93
2,017.11
2,086.15
2,086.15
Basic Weighted Avg Shares
63
53
53
53
53
53
51
49
49
48
46
44
41
42
Sales/Revenue/Turnover
148,481
156,033
156,216
135,116
148,198
150,584
145,041
139,055
138,215
132,776
129,139
129,806
129,429
- -
Operating Margin (%)
4.95
3.33
4.68
5.6
5.97
3.6
-0.09
2.74
6.75
4.25
6.26
7.18
6.1
- -
Depreciation Expense
4,661
5,073
4,679
4,323
4,137
5,572
7,106
6,036
5,132
4,785
4,803
5,344
5,299
- -
Net Income, GAAP
7,432
6,820
3,931
5,724
7,127
5,311
-10,487
-9,373
-3,659
5,193
7,544
4,090
8,260
- -
Effective Tax Rate (%)
12.82
20.22
23.53
12.93
10.79
28.31
- -
- -
- -
27.65
16.23
31.97
17.05
- -
Profit Margin (%)
5.01
4.37
2.52
4.24
4.81
3.53
-7.23
-6.74
-2.65
3.91
5.84
3.15
6.38
- -
Working Capital
46,691
65,583
62,599
67,131
61,537
41,366
44,322
36,394
41,750
39,343
32,908
39,811
38,952
38,952
LT Debt
6
325
643
672
544
8,025
34,004
32,856
26,170
17,776
5,733
17,210
34,728
34,728
Total Equity
112,274
118,743
113,826
118,140
122,794
125,505
92,912
83,597
84,616
85,940
97,307
94,171
90,183
90,183
Return on Invested Capital (%)
5.34
3.53
4.76
5.61
6.44
2.81
- -
- -
- -
3.54
5.91
5.48
5.39
- -
Return on Capital (%)
6.11
5.69
3.33
4.83
5.87
3.76
- -
- -
- -
4.54
6.59
3.57
6.93
- -
Return on Common Equity (%)
6.34
5.99
3.43
5.01
6
4.35
-9.82
-10.92
-4.5
6.32
8.54
4.42
9.26
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
1,563
2,640
LT Borrowings
- -
16,278
34,500
LT Finance Leases
- -
- -
228
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
37
Market Capitalization
81,249
90,606
75,052

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
85,715
85,474
Cash, Cash Equivalents & STI
- -
33,213
32,063
Accounts Receivable, Net
- -
28,402
28,064
Inventories
- -
19,759
20,137
Total Current Liabilities
- -
44,304
46,522
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,563
2,640
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.75%
1.71%
-4.23%
Free Cash Flow
-167.56%
-155.24%
-96.8%
Net Income, GAAP
-46.49%
-40.29%
101.96%
Sales/Revenue/Turnover
-1.71%
-1.41%
-0.29%
Total Cash Common Dividend
- -
- -
-12.06%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32,225
33,395
31,684
31,835
129,139
2025
- -
- -
- -
- -
129,806
2026
- -
- -
- -
- -
129,429

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
51.2
56.47
16.38
40.55
164.59
2025
- -
- -
- -
- -
93.12
2026
- -
- -
- -
- -
202.03

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
40.01
2025
- -
- -
- -
- -
55.87
2026
- -
- -
- -
- -
52.78

Company Description

CEO
Keiji Nakamura
Full Time Employees
3,765
Sector
Producer manufacturing
Industry
Electrical products
Address
Taiyo-Life Shinagawa Building Tokyo TY Japan 108-8248
IPO Date
Mar 18, 2014
Business
Maxell, Ltd. is a Japanese multinational company engaged in the manufacturing and sales of consumer electronics, energy products, industrial materials, and electrical appliances. The company offers a comprehensive portfolio including lithium-ion and micro batteries; primary and secondary batteries such as coin-type lithium manganese dioxide batteries and lithium primary and button batteries; wireless charging products; adhesive tapes; optical components such as lenses for vehicle systems; semiconductor-related embedded systems; electroforming and precision parts; mold and synthetic resin molded parts; radio-frequency identification (RFID) systems; integrated circuit (IC) cards; industrial rubber products; projectors; display equipment; data storage products including USB flash drives, CD-R/DVD media; and wellness and beauty care products. Maxell operates across a broad geographic footprint with major domestic bases in Tokyo, Miyagi, Kanagawa, Yamanashi, Kyoto, Hyogo, and Fukuoka, and manufacturing bases overseas in China, Malaysia, and Indonesia. Founded in 1961 and headquartered in Minato-ku, Tokyo, Maxell's brand derives from "Maximum capacity dry cell," reflecting its origins in battery technology. The company serves various industries and markets including automotive (energy and optical products for tire pressure monitoring and automated driver assist systems), infrastructure (energy solutions for smart meters), medical devices (micro batteries for hearing aids), and consumer markets (consumables like CDs, DVDs, and USB media, as well as headphones and earphones). Maxell is advancing its business with recent strategic developments including the acquisition of the micro primary battery business of Tohoku Murata Manufacturing in June 2025, a move to strengthen its energy segment. The company is also focusing on innovative energy solutions with the mass production launch of new coin-type lithium manganese dioxide batteries and the development of all-solid-state battery technologies. Recent product introductions include power modules and energy harvesting-compatible evaluation kits featuring all-solid-state batteries, and adoption of these batteries in industrial robot applications. Maxell continuously invests in research and development to maintain leadership in energy storage and functional materials while enhancing product offerings in wireless charging and precision optical systems. Overall, Maxell integrates advanced materials and product engineering to offer diversified technology solutions globally across consumer, industrial, and automotive sectors, maintaining a strong commitment to innovation and expanding its energy and industrial materials businesses through acquisitions and new product launches.