First picture is an axle from a 1994 Montero SR with the factory locker. You can see the ABS ring and dust shield blocks the studs. The ABS ring has 3 threaded holes that you screw bolts into it press the ring off the axle, no need to cut it. Not shown in the pic is the bearing, the backing plate and the bearing retainer sleeve. The bearing retainer needs to be cut off or you need an extremely tough press.
Second picture shows the press tool I made. I've seen similar tools for Toyotas made from a axle housing cut and a lip welded on where the pumpkin would be.
Third picture shows the tool on the axle. It would be bolted to the bearing backing plate and the silver looking collar hooks on the press so the axle can be pressed down. Then you can cut the retainer sleeve and be on your way.
Hope this helps.
Edit: I just remembered. The groove in the axle is for a snap ring. I guess if the bearing retainer sleeve was to fail the the snap ring would hold the axle from sliding out.