8203
Mr Max Holdings Ltd.
株式会社ミスターマックス・ホールディングス
Retail Trade
← Companies
⚠ TSE Capital Mandate
P / Book
0.62×
Financials
| Metric |
FY 2025
EDINET ↗
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Net Sales |
¥142.1B
|
¥131.3B
|
¥124.5B
|
¥122.1B
|
¥120.0B
|
| Gross Profit |
¥31.1B
|
¥28.8B
|
¥26.9B
|
¥27.7B
|
¥26.8B
|
| SG&A |
¥32.2B
|
¥30.2B
|
¥29.0B
|
¥27.9B
|
¥27.2B
|
| Operating Income |
¥4.4B
|
¥3.8B
|
¥3.0B
|
¥4.6B
|
¥4.5B
|
| Non-Operating Income |
¥339M
|
¥155M
|
¥116M
|
¥107M
|
¥153M
|
| Dividend Income |
¥27M
|
¥18M
|
¥15M
|
¥13M
|
¥12M
|
| Interest Income |
¥21M
|
¥21M
|
¥23M
|
¥27M
|
¥32M
|
| Non-Operating Expenses |
¥285M
|
¥196M
|
¥229M
|
¥215M
|
¥295M
|
| Interest Expense |
¥162M
|
¥124M
|
¥140M
|
¥168M
|
¥191M
|
| Ordinary Income |
¥4.5B
|
¥3.8B
|
¥2.9B
|
¥4.5B
|
¥4.3B
|
| Pre-tax Income |
¥4.0B
|
¥3.7B
|
¥2.8B
|
¥4.4B
|
¥4.3B
|
| Income Taxes |
¥1.3B
|
¥1.2B
|
¥399M
|
¥956M
|
¥1.5B
|
| Current Tax |
¥1.5B
|
¥1.4B
|
¥1.0B
|
¥956M
|
¥1.4B
|
| Deferred Tax |
¥-241M
|
¥-212M
|
¥-616M
|
¥0M
|
¥127M
|
| Net Income (owners) |
¥2.7B
|
¥2.5B
|
¥2.4B
|
¥3.4B
|
¥2.9B
|
| Minority Interest |
—
|
—
|
—
|
¥-3M
|
¥-36M
|
| Comprehensive Income |
¥3.1B
|
¥2.5B
|
¥2.6B
|
¥3.6B
|
¥2.9B
|
| EBITDA |
¥7.5B
|
¥6.5B
|
¥5.6B
|
¥7.0B
|
¥6.8B
|
| EPS |
¥81.51
|
¥74.45
|
¥73.53
|
¥103.19
|
¥85.97
|
| Shares Outstanding |
33.3M
|
33.3M
|
33.2M
|
33.2M
|
33.2M
|
| Shares Issued (total) |
39.6M
|
39.6M
|
39.6M
|
39.6M
|
39.6M
|
| Treasury Shares |
6.3M
|
6.3M
|
6.4M
|
6.4M
|
6.4M
|
| Metric |
FY 2025
EDINET ↗
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Total Assets |
¥86.7B
|
¥83.2B
|
¥83.5B
|
¥81.9B
|
¥82.2B
|
| Current Assets |
¥20.6B
|
¥19.3B
|
¥19.2B
|
¥18.2B
|
¥17.0B
|
| Cash & Deposits |
¥2.1B
|
¥1.8B
|
¥2.4B
|
¥3.1B
|
¥2.9B
|
| Trade Receivables |
¥3.7B
|
¥3.5B
|
¥3.5B
|
¥3.0B
|
¥2.6B
|
| Inventories |
¥13.3B
|
¥12.8B
|
¥11.9B
|
¥10.8B
|
¥9.9B
|
| Non-Current Assets |
¥66.1B
|
¥63.9B
|
¥64.3B
|
¥63.7B
|
¥65.2B
|
| PP&E |
¥49.8B
|
¥48.1B
|
¥48.5B
|
¥48.4B
|
¥48.9B
|
| Intangible Assets |
¥1.2B
|
¥1.5B
|
¥1.6B
|
¥1.2B
|
¥1.0B
|
| Investment Securities |
¥1.7B
|
¥572M
|
¥578M
|
¥423M
|
¥345M
|
| Deferred Tax Assets |
¥2.5B
|
¥2.4B
|
¥2.2B
|
¥1.6B
|
¥1.7B
|
| Total Liabilities |
¥48.4B
|
¥47.1B
|
¥49.4B
|
¥49.5B
|
¥52.5B
|
| Current Liabilities |
¥28.6B
|
¥27.9B
|
¥26.8B
|
¥25.9B
|
¥26.7B
|
| Accounts Payable |
¥8.3B
|
¥8.5B
|
¥8.3B
|
¥6.8B
|
¥7.4B
|
| ST Debt |
¥6.9B
|
¥5.5B
|
¥5.9B
|
¥5.6B
|
¥5.8B
|
| Taxes Payable |
¥859M
|
¥948M
|
¥791M
|
¥407M
|
¥361M
|
| Non-Current Liabilities |
¥19.8B
|
¥19.3B
|
¥22.6B
|
¥23.6B
|
¥25.8B
|
| Total LT Borrowings |
¥12.3B
|
¥11.5B
|
¥14.4B
|
¥15.4B
|
¥17.0B
|
| Pension Obligations |
¥811M
|
¥886M
|
¥917M
|
¥864M
|
¥1.1B
|
| Total Equity |
¥38.4B
|
¥36.1B
|
¥34.1B
|
¥32.5B
|
¥29.7B
|
| Capital Stock |
¥10.2B
|
¥10.2B
|
¥10.2B
|
¥10.2B
|
¥10.2B
|
| Capital Surplus |
¥8.0B
|
¥8.0B
|
¥8.0B
|
¥8.0B
|
¥8.0B
|
| Retained Earnings |
¥22.0B
|
¥20.0B
|
¥18.2B
|
¥16.6B
|
¥14.1B
|
| Treasury Stock |
¥-2.5B
|
¥-2.6B
|
¥-2.6B
|
¥-2.6B
|
¥-2.6B
|
| AOCI |
¥691M
|
¥350M
|
¥328M
|
¥215M
|
¥10M
|
| Equity (owners) |
¥37.7B
|
¥35.7B
|
¥33.8B
|
¥32.2B
|
¥29.7B
|
| Minority Interests |
—
|
—
|
—
|
—
|
¥6M
|
|
| Total Interest-Bearing Debt ⓘ |
¥19.2B
|
¥17.0B
|
¥20.3B
|
¥21.0B
|
¥22.9B
|
| Net Cash ⓘ |
¥-17.1B
|
¥-15.2B
|
¥-17.9B
|
¥-17.8B
|
¥-20.0B
|
| NCAV ⓘ |
¥-27.7B
|
¥-27.8B
|
¥-30.2B
|
¥-31.2B
|
¥-35.5B
|
| NCAV/Share |
¥-832
|
¥-836
|
¥-909
|
¥-940
|
¥-1,069
|
| BV/Share |
¥1,131
|
¥1,073
|
¥1,017
|
¥970
|
¥894
|
| Metric |
FY 2025
EDINET ↗
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| Operating CF |
¥4.0B
|
¥5.4B
|
¥3.9B
|
¥4.0B
|
¥3.5B
|
| Interest Paid |
¥-168M
|
¥-129M
|
¥-132M
|
¥-165M
|
¥-187M
|
| Interest Received |
¥32M
|
¥20M
|
¥15M
|
¥13M
|
¥12M
|
| D&A |
¥3.0B
|
¥2.7B
|
¥2.6B
|
¥2.4B
|
¥2.3B
|
| Investing CF |
¥-5.1B
|
¥-2.1B
|
¥-2.6B
|
¥-186M
|
¥-2.8B
|
| CapEx |
¥4.2B
|
¥1.8B
|
¥2.0B
|
¥2.5B
|
¥642M
|
| Purchase Investments |
¥-705M
|
—
|
—
|
—
|
—
|
| Proceeds from Invest. |
—
|
—
|
¥14M
|
—
|
—
|
| Financing CF |
¥1.4B
|
¥-4.0B
|
¥-2.1B
|
¥-3.5B
|
¥-736M
|
| Dividends Paid |
¥-765M
|
¥-599M
|
¥-895M
|
¥-895M
|
¥-1.0B
|
| LT Debt Repaid |
¥-6.1B
|
¥-6.1B
|
¥-5.8B
|
¥-6.1B
|
¥-7.5B
|
| Free Cash Flow |
¥-141M
|
¥3.6B
|
¥1.9B
|
¥1.4B
|
¥2.9B
|
| Net Change in Cash |
¥355M
|
¥-634M
|
¥-747M
|
¥249M
|
¥12M
|
| Metric |
FY 2025
EDINET ↗
|
FY 2024
EDINET ↗
|
FY 2023
EDINET ↗
|
FY 2022
EDINET ↗
|
FY 2021
EDINET ↗
|
| ROE |
7.3%
|
7.1%
|
7.3%
|
11.0%
|
9.9%
|
| ROA |
3.2%
|
3.0%
|
3.0%
|
4.2%
|
3.5%
|
| EPS |
¥81.51
|
¥74.45
|
¥73.53
|
¥103.19
|
¥85.97
|
| DPS |
¥27.00
|
¥23.00
|
¥18.00
|
¥27.00
|
¥27.00
|
| BPS |
¥1,151.52
|
¥1,083.21
|
¥1,026.47
|
¥976.82
|
¥894.76
|
| FCF/Share |
¥-4
|
¥109
|
¥57
|
¥43
|
¥87
|
| NCAV/Share |
¥-832
|
¥-836
|
¥-909
|
¥-940
|
¥-1,069
|
| Payout Ratio |
33.1%
|
30.9%
|
24.5%
|
26.2%
|
31.4%
|
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 9
| Date | Activist | Stake | Event | Flag | Demands | Source |
| 2025-08-01 |
Waiz Holdings Co., Ltd. |
28.45%
+1.07%
|
initial_5pct |
Passive
|
—
|
|
| 2025-07-15 |
Waiz Holdings Co., Ltd. |
27.38%
+5.63%
|
change |
Passive
|
—
|
|
| 2024-10-22 |
Waiz Holdings Co., Ltd. |
21.75%
|
change |
Passive
|
—
|
|
| 2024-10-22 |
HIRANO YASUHIRO ALEX |
—
|
exit |
Passive
|
—
|
|
| 2024-10-17 |
HIRANO YASUHIRO ALEX |
16.32%
|
correction |
Passive
|
—
|
|
| 2024-10-16 |
South Dakota Trust Company LLC |
—
|
exit |
Passive
|
—
|
|
| 2024-10-16 |
HIRANO YASUHIRO ALEX |
16.32%
|
initial_5pct |
Passive
|
—
|
|
| 2024-10-16 |
South Dakota Trust Company LLC |
—
|
correction |
Passive
|
—
|
|
| 2024-10-16 |
South Dakota Trust Company LLC |
—
|
correction |
Passive
|
—
|
|
| # |
Shareholder |
Shares (thou.) |
% of Total |
| 1 |
Waiz Holdings
株式会社Waiz Holdings
|
11,345
|
34.05%
|
| 2 |
Business Partner Stock Ownership Plan
ミスターマックス取引先持株会
|
2,897
|
8.70%
|
| 3 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社 (信託口)
|
2,260
|
6.78%
|
| 4 |
THE BANK OF FUKUOKA, LTD.
株式会社福岡銀行
|
1,414
|
4.24%
|
| 5 |
MrMaxHoldings Employee Stock Ownership Plan
MrMaxHoldings 社員持株会
|
1,214
|
3.64%
|
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
611
|
1.83%
|
| 7 |
株式会社西日本シティ銀行
|
510
|
1.53%
|
| 8 |
アイリスオーヤマ株式会社
|
500
|
1.50%
|
| 9 |
株式会社INS
|
499
|
1.50%
|
| 10 |
住友生命保険相互会社
|
454
|
1.37%
|
Domestic Nominees
8.6%
-4.6% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
56.5%
+4.9% vs 2025
Named entities with disclosed investment intent
| Shareholder |
Trend |
2023
|
2024
|
2025
|
2026
|
|
Waiz Holdings
式会社Waiz Holdings
|
|
—
|
6.55%
|
25.88%
|
34.05%
+8.17%
|
|
Business Partner Stock Ownership Plan
ミスターマックス取引先持株会
|
|
8.02%
|
8.22%
|
8.33%
|
8.70%
+0.37%
|
|
Japan Master Trust Bank
日本マスタートラスト信託銀行
|
|
10.43%
|
9.50%
|
10.25%
|
6.78%
-3.47%
|
|
THE BANK OF FUKUOKA, LTD.
式会社福岡銀行
|
|
4.26%
|
4.25%
|
4.25%
|
4.24%
-0.01%
|
|
MrMaxHoldings Employee Stock Ownership Plan
MrMaxHoldings 社員持株会
|
|
3.57%
|
3.63%
|
3.63%
|
3.64%
+0.01%
|
|
Japan Custody Bank
日本カストディ銀行
|
|
3.10%
|
2.75%
|
3.00%
|
1.83%
-1.17%
|
|
式会社西日本シティ銀行
|
|
1.54%
|
—
|
1.53%
|
1.53%
|
|
アイリスオーヤマ
|
|
—
|
1.59%
|
1.50%
|
1.50%
|
|
式会社INS
NEW ENTRY
|
—
|
—
|
—
|
—
|
1.50%
NEW
|
|
住友生命保険
NEW ENTRY
|
—
|
—
|
—
|
—
|
1.37%
NEW
|
|
HIRANO Management
限会社HIRANO Management
last seen 2025
|
Exited Top 10
|
—
|
4.44%
|
4.43%
|
—
|
|
平野 淳子
last seen 2025
|
Exited Top 10
|
2.11%
|
2.11%
|
2.11%
|
—
|
|
式会社 Waiz Holdings
last seen 2023
|
Exited Top 10
|
6.56%
|
—
|
—
|
—
|
|
BNY Mellon
last seen 2024
|
Exited Top 10
|
19.37%
|
19.36%
|
—
|
—
|
|
平野 能章
last seen 2023
|
Exited Top 10
|
3.27%
|
—
|
—
|
—
|
|
Concentration (HHI)
ⓘ
|
|
649
|
641
|
913
|
1324
|
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥889M
+111% since 2023
Holdings
3
1 exited
Trend
1 building
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding