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MrMax Holdings Ltd.
(8203)
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Rating:65Neutral
Price Target:
¥835.00
▲(3.21% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily driven by stable-to-adequate financials: strong revenue trajectory and improving leverage are offset by compressed margins and inconsistent cash generation with slightly negative free cash flow in the latest year. Valuation is a clear positive (low P/E and a solid dividend yield). Technical signals are neutral overall, with price holding above several longer-term averages but lacking strong momentum.
Positive Factors
Steady Revenue Growth
The sustained increase in revenue indicates that MrMax is continuing to expand sales across its discount-store network. Accelerating growth provides a constructive base for future operating leverage, supports supplier scale, and helps preserve the company’s relevance in everyday retail.
Negative Factors
Compressed Profit Margins
Thinner margins leave less room to absorb procurement, pricing, or store-operating pressure, making earnings more sensitive to modest cost changes. Unless profitability improves, revenue growth may translate only weakly into net income and limit internally funded expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
The sustained increase in revenue indicates that MrMax is continuing to expand sales across its discount-store network. Accelerating growth provides a constructive base for future operating leverage, supports supplier scale, and helps preserve the company’s relevance in everyday retail.
Read all positive factors
MrMax Holdings Ltd. (8203) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.97B
Dividend Yield3.9%
Average Volume (3M)70.27K
Price to Earnings (P/E)8.4
Beta (1Y)0.23
Revenue Growth6.24%
EPS Growth-5.58%
CountryJP
Employees719
SectorGeneral
Sector StrengthN/A
IndustryDiscount Stores
Share Statistics
EPS (TTM)81.49
Shares Outstanding39,611,137
10 Day Avg. Volume60,660
30 Day Avg. Volume70,273
Financial Highlights & Ratios
PEG Ratio1.03
Price to Book (P/B)0.69
Price to Sales (P/S)0.18
P/FCF Ratio-188.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)103.6
Revenue Forecast (FY)¥153.00B
MrMax Holdings Ltd. Business Overview & Revenue Model
Company Description
MrMax Holdings Ltd. operates a chain of discount retail stores across Japan. These stores offer an extensive array of products, from home appliances, groceries, and household necessities to beauty and healthcare items, clothing, stationery, toys, ...
How the Company Makes Money
null...
MrMax Holdings Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
54
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 147.68B | 136.57B | 129.57B | 126.90B | 124.83B |
| Gross Profit | 36.69B | 34.00B | 32.01B | 32.48B | 31.67B |
| EBITDA | 7.49B | 6.51B | 5.56B | 6.93B | 6.86B |
| Net Income | 2.71B | 2.48B | 2.44B | 3.43B | 2.85B |
Balance Sheet | |||||
| Total Assets | 86.75B | 83.51B | 83.85B | 82.13B | 82.42B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 1.75B | 2.39B | 3.14B | 2.89B |
| Total Debt | 22.14B | 19.89B | 23.31B | 24.49B | 26.82B |
| Total Liabilities | 48.37B | 47.45B | 49.72B | 49.67B | 52.71B |
| Stockholders Equity | 38.37B | 36.06B | 34.13B | 32.45B | 29.70B |
Cash Flow | |||||
| Free Cash Flow | -141.00M | 3.64B | 1.10B | 947.00M | 2.35B |
| Operating Cash Flow | 4.02B | 5.44B | 3.93B | 3.97B | 3.52B |
| Investing Cash Flow | -5.09B | -2.08B | -2.61B | -186.00M | -2.77B |
| Financing Cash Flow | 1.43B | -3.99B | -2.07B | -3.54B | -736.00M |
MrMax Holdings Ltd. Technical Analysis
Negative
809.00
Price Trends
749.88
Negative
757.40
Negative
754.74
Negative
Market Momentum
-13.01
Positive
23.45
Positive
7.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8203, the sentiment is Negative. The current price of 809 is above the 20-day moving average (MA) of 717.80, above the 50-day MA of 749.88, and above the 200-day MA of 754.74, indicating a bearish trend. The MACD of -13.01 indicates Positive momentum. The RSI at 23.45 is Positive, neither overbought nor oversold. The STOCH value of 7.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8203.
MrMax Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥330.68B | 17.18 | 17.79% | 1.82% | 10.93% | 70.37% | |
76 Outperform | ¥2.33T | 20.07 | 16.51% | 1.28% | 8.84% | 21.51% | |
68 Neutral | ¥25.94B | 13.65 | ― | 3.06% | -2.81% | -57.90% | |
65 Neutral | ¥22.97B | 8.37 | ― | 3.90% | 6.24% | -5.58% | |
58 Neutral | ¥32.98B | 23.19 | ― | 1.86% | 1.62% | -4.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥458.29B | 129.69 | ― | 0.46% | 69.13% | -70.03% |
* General Sector Average
JP:8203
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MrMax Holdings Ltd. Corporate Events
MrMax cuts 2029 sales and profit targets as it prioritizes existing-store profitability
Oct 8, 2026
MrMax Holdings Ltd. has reaffirmed its focus on enhancing profitability at existing stores, where initiatives such as renovations, operating hour adjustments, and gross margin improvements are on track to achieve fiscal 2029 targets of ¥160 b...
Mr Max Holdings Delivers Higher Interim Profit and Confirms Full-Year Outlook
Oct 8, 2026
Mr Max Holdings reported interim operating revenue of ¥78.1 billion for the six months ended August 31, 2026, up 4.5% year on year, with operating profit rising 9.1% to ¥3.1 billion and profit attributable to owners of parent edging up 2...
MrMax Probes Data Leak Affecting Over 1.7 Million App and Online Store Users
Oct 6, 2026
MrMax Holdings’ subsidiary MrMax Corporation has disclosed that its app and online store servers were compromised by unauthorized third-party access, leading to a leak of personal data for up to 1,735,154 registered members. The exposed info...
MrMax September Sales Edge Higher Despite Earthquake Disruptions
Oct 5, 2026
MrMax Holdings reported that existing-store sales and customer traffic in September 2026 reached 100.0% and 100.4% of the previous year’s levels, respectively, marking the first year-on-year improvement in four months. Demand ahead of the Oc...
MrMax Sales Dip as Kumamoto Quake Disrupts Stores, New Outlet Opens
Sep 4, 2026
MrMax reported that existing-store sales in August 2026 fell 2.8% year on year, with customer traffic down 0.7%, as strong demand for air conditioners, televisions, pet food and food items was offset by weaker sales of seasonal products amid cold ...
Mr Max Extends ¥6 Billion Commitment Line to Bolster Financial Flexibility
Aug 28, 2026
Mr Max Holdings has renewed the contract period for its commitment line agreement, extending the expiration date from August 31, 2026 to August 31, 2027. The credit facility, set at a maximum borrowing limit of 6 billion yen, is arranged with a sy...
MrMax July Sales Slip Slightly as Weather and Quake Weigh on Stores
Aug 6, 2026
MrMax Holdings reported that existing-store sales in July 2026 were 98.4% of the prior-year level, with customer traffic at 99.2%, both slightly below last year, despite strong demand for air conditioners, pet food, daily foods, detergents and ins...
MrMax Spins Off Snack Chain and Forms Joint Venture with Confectionery Wholesaler
Aug 6, 2026
MrMax Holdings will carve out the Okashi Bakkashi (Snack Panic!) confectionery specialty store business from subsidiary MrMax Corporation into a newly established company via an incorporation-type split, effective December 1, 2026, subject to plan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.