MAX CO.,LTD.
6454・Prime Market・Machinery
Governance
As a company with an audit and supervisory committee, the company has established a Board of Directors (10 members in total: 6 directors including 1 independent outside director, and 4 audit and supervisory committee members including 3 independent outside members), and has set up a Nomination Advisory Committee, Compensation Advisory Committee, Corporate Governance Committee, and Sustainability Committee to strengthen oversight functions and accelerate decision-making.
Risk Management
The Corporate Governance Committee (attended by all directors, held four times a year) oversees the identification, understanding, and response to company-wide risks, and a system has been established in which the Internal Audit Department periodically reports on the risk management status of each department and subsidiary to the Committee and the Board of Directors. Sustainability risks are identified and assessed by the Sustainability Promotion Committee, which coordinates with the Corporate Governance Committee to integrate them into company-wide risk management.
Shareholder Returns
Raised dividend policy from a net asset dividend ratio of 5.0% to 6.0% (payout ratio target of approximately 50%). For FY2026 (ending March 2026), the company plans an annual dividend of ¥148 per share, an increase of ¥34 year on year (total dividends of ¥6,653 million, payout ratio of 48.3%). For FY2027 (ending March 2027), it plans ¥40 per share on a post-stock-split basis. During the current fiscal year, the company repurchased ¥5,600 million of treasury stock.
Dividend Policy
Based on consolidated results, the company aims to distribute profits stably over the long term using a net asset dividend ratio of 6.0% and a payout ratio target of approximately 50% as guidelines (the revised policy applies from FY2026 (ending March 2026)).
ESG
The company supports TCFD and has conducted 1.5°C and 4°C scenario analyses. It targets a 50% reduction in Scope 1+2 CO2 emissions by 2030 versus FY2018 levels and carbon neutrality by 2042; actual emissions in FY2025 (ended March 2025) were 15,106t (down 16.8% versus FY2018). In human capital, the company has set a target of 10% for the consolidated ratio of female managers by 2030, versus a current level of 7.9%. It has established five materiality themes (realizing a company that leverages its people, contributing to a sustainable global environment, promoting innovation, ensuring responsible supply, and maintaining and strengthening governance), which are promoted by the Sustainability Committee under the oversight of the Board of Directors.
Last updated: June 23, 2026