MAX Co (TSE:6454) Selling, General, & Admin. Expense: 円4,556 Mil (TTM As of Jun. 2026)

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6454 MAX Co Ltd TSE:6454
69 GF Score
Price 円1,832.00
GF Value 円1,225.82
Valuation Significantly Overvalued
! 4 Warning Signs
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What is MAX Co Selling, General, & Admin. Expense?

MAX Co TSE:6454 -1.29% 69 Selling, General, & Admin. Expense is 円4,556 Mil as of Jun. 2026. GuruFocus rates TSE:6454 with a GF Score™ of 69/100 and a GF Value™ of 円1,225.82 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. MAX Co's selling, general, & admin. expense for the three months ended in Jun. 2026 was 円1,601 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was 円4,556 Mil.


MAX Co  (TSE:6454) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


MAX Co Selling, General, & Admin. Expense Related Terms


MAX Co Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for MAX Co's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MAX Co Selling, General, & Admin. Expense Chart

MAX Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

MAX Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,302.00 1,372.00 1,583.00 0.00 1,601.00

TSE:6454 vs SNA, RBC, LECO: Selling, General, & Admin. Expense Comparison

For the Tools & Accessories subindustry, MAX Co's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MAX Co Selling, General, & Admin. Expense vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MAX Co's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where MAX Co's Selling, General, & Admin. Expense falls into.


TSE:6454
69GF Score
MAX Co Ltd TSE:6454
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MAX Co Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円4,556 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of 円4,556 Mil mean?
MAX Co (TSE:6454) has a Selling, General, & Admin. Expense of 円4,556 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on MAX Co and its competitors.
Is MAX Co's Selling, General, & Admin. Expense too high?
MAX Co's current Selling, General, & Admin. Expense is 円4,556 Mil. Overall, MAX Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MAX Co's Selling, General, & Admin. Expense compare to SNA and RBC?
MAX Co's Selling, General, & Admin. Expense of 円4,556 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Industrial Products company?
A good Selling, General, & Admin. Expense depends on the Industrial Products industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on MAX Co and its competitors. MAX Co's current Selling, General, & Admin. Expense is 円4,556 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAX Co stock overvalued right now?
Based on GuruFocus' analysis, MAX Co (TSE:6454) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,225.82, compared to a current price of 円1,832.00 — trading 49.5% above its estimated fair value. The current Selling, General, & Admin. Expense is 円4,556 Mil. MAX Co's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For MAX Co (TSE:6454), the current Selling, General, & Admin. Expense is 円4,556 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MAX Co (TSE:6454) Overvalued in 2026?

Based on GuruFocus' analysis, MAX Co stock appears to be overvalued. The current stock price of 円1,832.00 is trading 49.5% above its estimated GF Value™ of 円1,225.82. GuruFocus considers MAX Co to be Significantly Overvalued.

Key valuation signals for TSE:6454:

  • Selling, General, & Admin. Expense: 円4,556 Mil
  • GF Value™: 円1,225.82 vs. price of 円1,832.00 (49.5% above fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the TSE:6454 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MAX Co Business Description

Address 6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.
69GF Score

Get the complete analysis for TSE:6454

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,832.00
Price
円1,225.82
GF Value