MAX Co., Ltd. announced that the Board of Directors has resolved at a meeting held on April 26, 2024 to change dividend policy. Reasons for the Revision: The Company has positioned returning profits to shareholders as one of the highest priority management policies. The company's basic policy on profit distribution is "expand profits from business activities through sustainable growth and distribute profits in a stable manner over the long term." and its dividend policy is based on basic policy.
While keeping this basic policy as a premise, the company have changed its dividend policy in light of its current financial situation, improvement in business profitability, and the level of the ratio of dividends to net assets. Details of Change: Former Dividend Policy: Maintain a minimum of 3.5% ratio of dividends to net assets with a target payout ratio of 50%, as based on consolidated financial results. New Dividend Policy (changed from Fiscal Year 2024): Guideline of a ratio of dividends to net assets of 5.0% and a dividend payout ratio of 50%, as based on consolidated financial results.
Effective from dividends for the fiscal year ending March 31, 2025.
MAX CO., LTD. is a manufacturer of industrial equipment, such as nailing machines, air compressors, reinforcing bar tying machines, battery charge tools, bathroom heaters, ventilators and desiccators, as well as 24-hour ventilation systems, office equipment, such as staplers, time recorders, text display equipment, auto staplers and others, as well as home care & rehabilitation (HCR), such as standard, special wheel chairs and others. The Company has three business segments. The Office Equipment segment is engaged in the manufacture and sale of office equipment and stationery related products. The Industrial Equipment segment is engaged in the manufacture and sale of building equipment and housing equipment, among others. The HCR segment is engaged in the manufacture and sale of nursing care and welfare equipment.
MAX CO., LTD. 
