Message from Top Management

Tatsushi Ogawa
President
April 30, 2026

MAX believes that when people are respected and given opportunities to grow, the company also grows. To realize the MAX Company Creed, we have adopted the MAX Fundamental Management Policy: “We aim to become a group in which everyone can grow together by creating a lively and fun atmosphere.”

By ensuring that all of our executives and employees correctly understand and embody the MAX Company Creed, and by addressing social issues through our business activities, we will work together with our shareholders, customers, and other stakeholders to enhance our corporate value.

In April 2024, we announced our Medium-Term Management Plan for fiscal 2024 to 2026 under the theme “Create the Future.” Through this plan, we aim to build a MAX Group with high corporate value by improving business profitability and capital efficiency.

In fiscal 2025, the second year of our Medium-Term Management Plan, net sales were ¥99.6 billion, operating profit was ¥17.5 billion, ordinary profit was ¥18.3 billion, and net profit was ¥13.8 billion, all of which reached record highs. Return on equity (ROE), an indicator of capital efficiency, was 12.6%. Growth in the rebar tying tool business, mainly in Europe and the United States, contributed significantly to our performance for the fiscal year. In addition, we completed two M&A transactions aimed at further expanding the rebar tying tool business. Furthermore, as part of our capital policy, we repurchased shares of our own stock to enhance shareholder returns and improve capital efficiency, and we implemented a stock split effective April 1, 2026.

In fiscal 2026, the final year of our Medium-Term Management Plan, we plan to achieve net sales of ¥105.5 billion, operating profit of ¥18.8 billion, and an operating margin of 17.8%. The Industrial Equipment segment will continue to expand its rebar tying tool business in Japan and overseas. The Office Equipment segment will secure profitability by expanding its labeling and signage products and increasing sales in overseas markets. The HCR Equipment segment will focus on achieving stable profitability by continuing its profit improvement initiatives and expanding sales of new products. In addition, we will continue to make proactive investments aimed at commercializing new businesses and achieving sustainable growth.

We sincerely ask for the continued support of our shareholders.