Medium-term Management Plan

Medium-term Management Plan (FY2024-2026)

MAX has formulated a three-year Medium-Term Management Plan (fiscal years ending March 2025 to March 2027).
Based on steady results for the first fiscal year ending March 2025, MAX announced a revised Medium-Term Management Plan on April 30, 2025.


Financial Results Briefing for FY 2023 and Medium-term Management Plan for the Period FY 2024–FY 2026 Material (Announcement date : April 26,2024)

Basic strategy of the Medium-term Management Plan (FY2024-2026)

Set forth the theme of "Create the Future," the three-year Medium-term Management Plan started in April 2024, we will create Max with high corporate value by implementing three basic strategies: "Business Strategy," "Strengthening Management Infrastructure Strategy," and "Growth Investment Strategy."

Target value

For the fiscal year ending March 31, 2025, the first year of the Medium-term Management Plan (FY2024 - FY2026), actual results were net sales of 91.8 billion yen, operating profit of 14.4 billion yen, and an operating margin of 15.8%.
For the fiscal year ending March 31, 2026, the second year of the plan, we are forecasting net sales of 99.6 billion yen, operating profit of 17.5 billion yen, and an operating margin of 17.6%.

(billion yen)

FY2024 FY2025
(Plan)
FY2026*
(Plan)
Net sales 91.8 99.6 98.1
Operating profit 14.4 17.5 15.5
Ordinary profit 14.8 18.2 15.7
Profit attributable to owners of parent 11.2 13.6 11.9
Operating margin 15.8% 17.6% 15.8%
ROE 10.9% 12.5% 11.0%

*Revised April 30,2025

Cash Flow Allocation (FY 2024-FY 2026 Plan)

We will actively utilize cash inflows from operating activities and cash on hand to achieve sustainable growth. Specifically, we plan to invest about 12.0 billion yen in investments to strengthen the management infrastructure, including capital expenditures and DX-related investments, and about 26.0 billion yen in growth investments, including R&D expenditures and investments in business expansion, including M&A. In addition, we will pay a dividend of approximately 14.0 billion yen based on our dividend policy, " Guideline of a ratio of dividends to net assets ratio of 5.0% and a dividend payout ratio of 50%, as based on consolidated financial results ", and we will carry out flexible acquisition of treasury shares.