Reported Earnings • Apr 29
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥300 (up from JP¥295 in FY 2025). Revenue: JP¥777.6b (up 3.2% from FY 2025). Net income: JP¥79.4b (flat on FY 2025). Profit margin: 10% (in line with FY 2025). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Makita Corporation, Annual General Meeting, Jun 24, 2026 Makita Corporation, Annual General Meeting, Jun 24, 2026. Announcement • Apr 02
Makita Corporation (TSE : 6586) entered into an agreement to acquire Power Tool Business from Panasonic Holdings Corporation (TSE : 6752). Makita Corporation (TSE : 6586) entered into an agreement to acquire Power Tool Business from Panasonic Holdings Corporation (TSE : 6752) on March 31, 2026.
The transaction is subject to approvals from the relevant authorities and is expected to be closed during fiscal year 2026. Buy Or Sell Opportunity • Mar 19
Now 20% undervalued Over the last 90 days, the stock has risen 10% to JP¥5,240. The fair value is estimated to be JP¥6,591, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Declared Dividend • Mar 16
Dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥5,825, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Machinery industry in Japan. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,806 per share. Reported Earnings • Jan 30
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥70.76 (down from JP¥87.88 in 3Q 2025). Revenue: JP¥190.4b (up 4.5% from 3Q 2025). Net income: JP¥18.7b (down 21% from 3Q 2025). Profit margin: 9.8% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥73.75 (down from JP¥82.48 in 2Q 2025). Revenue: JP¥191.8b (flat on 2Q 2025). Net income: JP¥19.5b (down 12% from 2Q 2025). Profit margin: 10% (down from 12% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). New Risk • Aug 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 31
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥72.06 (up from JP¥59.51 in 1Q 2025). Revenue: JP¥186.6b (down 3.8% from 1Q 2025). Net income: JP¥19.3b (up 20% from 1Q 2025). Profit margin: 10% (up from 8.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥4,699. The fair value is estimated to be JP¥3,872, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 0.2% per annum over the same time period. Declared Dividend • Jul 21
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th September 2025 Payment date: 28th November 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥295 (up from JP¥162 in FY 2024). Revenue: JP¥753.1b (up 1.6% from FY 2024). Net income: JP¥79.3b (up 82% from FY 2024). Profit margin: 11% (up from 5.9% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥295 (up from JP¥162 in FY 2024). Revenue: JP¥753.1b (up 1.6% from FY 2024). Net income: JP¥79.3b (up 82% from FY 2024). Profit margin: 11% (up from 5.9% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Apr 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Apr 28
Makita Corporation, Annual General Meeting, Jun 25, 2025 Makita Corporation, Annual General Meeting, Jun 25, 2025. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥3,748, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Machinery industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,586 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥62.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Declared Dividend • Mar 06
Dividend increased to JP¥62.00 Dividend of JP¥62.00 is 32% higher than last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 8.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 06
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥5,431. The fair value is estimated to be JP¥4,352, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period. Buy Or Sell Opportunity • Feb 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to JP¥4,827. The fair value is estimated to be JP¥4,007, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Announcement • Feb 01
Makita Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2025 Makita Corporation revises consolidated earnings guidance for the year ending March 31, 2025. The company now expects Revenue to be JPY 730,000 million, Operating profit to be JPY 99,000 million, Profit attributable to owners of the parent to be JPY 72,000 million or JPY 267.63 against previous forecast of Revenue of JPY 730,000 million, Operating profit of JPY 85,000 million, Profit attributable to owners of the parent of JPY 61,000 million or JPY 226.74. Reported Earnings • Jan 30
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥87.88 (up from JP¥43.94 in 3Q 2024). Revenue: JP¥182.1b (flat on 3Q 2024). Net income: JP¥23.6b (up 100% from 3Q 2024). Profit margin: 13% (up from 6.5% in 3Q 2024). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 74%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Major Estimate Revision • Jan 30
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥233 to JP¥258. Revenue forecast steady at JP¥755.1b. Net income forecast to grow 13% next year vs 15% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥5,282 to JP¥5,461. Share price was steady at JP¥4,591 over the past week. Reported Earnings • Nov 01
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥82.48 (up from JP¥35.79 in 2Q 2024). Revenue: JP¥192.5b (up 3.9% from 2Q 2024). Net income: JP¥22.2b (up 130% from 2Q 2024). Profit margin: 12% (up from 5.2% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 68%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥4,075, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,556 per share. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥59.51 (vs JP¥41.30 in 1Q 2024) First quarter 2025 results: EPS: JP¥59.51 (up from JP¥41.30 in 1Q 2024). Revenue: JP¥193.9b (up 5.1% from 1Q 2024). Net income: JP¥16.0b (up 43% from 1Q 2024). Profit margin: 8.3% (up from 6.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.7% to JP¥4,938. The fair value is estimated to be JP¥4,020, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 40%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Jul 17
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥4,788. The fair value is estimated to be JP¥3,956, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 40%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥162 (up from JP¥43.11 in FY 2023). Revenue: JP¥741.4b (down 3.0% from FY 2023). Net income: JP¥43.7b (up 273% from FY 2023). Profit margin: 5.9% (up from 1.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥4,603. The fair value is estimated to be JP¥3,795, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Apr 27
Makita Corporation Proposes Dividend for the Year Ended March 31, 2024 Makita Corporation proposed dividend of JPY 47.00 per share for the year ended March 31, 2024 against JPY 11.00 per share a year ago. Record date is March 31, 2024, Effective Date is June 27, 2024. The proposed dividend will be finalized by the 112th Ordinary General Meeting of Shareholders scheduled on June 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). Declared Dividend • Mar 02
Dividend of JP¥11.00 announced Dividend of JP¥11.00 is the same as last year. Ex-date: 28th March 2024 Payment date: 1st July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 3%. Announcement • Mar 02
Makita Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 Makita Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥43.94 (up from JP¥11.57 in 3Q 2023). Revenue: JP¥180.9b (down 4.2% from 3Q 2023). Net income: JP¥11.8b (up 276% from 3Q 2023). Profit margin: 6.5% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
Makita Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024 Makita Corporation revised consolidated earnings guidance for the year ending March 31, 2024. For the period, company expects revenue of JPY 710,000 million, operating profit of JPY 59,000 million, profit attributable to owners of the parent of JPY 39,500 million and profit attributable to owners of the parent per share (basic) of JPY 146.49. Announcement • Nov 29
Makita Corporation to Report Q3, 2024 Results on Jan 31, 2024 Makita Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥35.79 (up from JP¥1.90 in 2Q 2023). Revenue: JP¥185.2b (down 5.5% from 2Q 2023). Net income: JP¥9.63b (up JP¥9.12b from 2Q 2023). Profit margin: 5.2% (up from 0.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 