Makita (6586) investor relations material

Executive summary

• Revenue increased 10.7% year-over-year to ¥206.6 billion in FYE2027 Q1, driven by favorable foreign exchange rates and robust overseas sales.

• Operating profit rose 17.2% to ¥30.6 billion, with an operating margin of 14.8%, aided by a U.S. tariff refund and improved cost ratio.

• Profit attributable to owners grew 18.6% to ¥22.9 billion, and comprehensive income surged 74.5% to ¥47,007 million.

• EPS improved from ¥72.07 to ¥88.70 year-over-year.

Financial highlights

• Effective exchange rate depreciation of the yen contributed ¥21.4 billion to revenue growth.

• Gross profit rose to ¥81,139 million, while cost of sales increased to ¥125,411 million.

• Total assets increased to ¥1,191,514 million as of June 30, 2026, mainly due to higher inventories.

• Cash flows from operating activities improved to ¥31,772 million, up from ¥14,202 million year-over-year.

• Cordless products accounted for 55% of sales, with yen-based sales up 8% year-over-year.

Outlook and guidance

• Full-year FYE2027 revenue forecast is ¥820.0 billion (+5.5% YoY), with operating profit projected at ¥110.0 billion (+5.1%).

• EPS forecast for FYE2027 is ¥314.22, with a consolidated payout ratio target of 50% or more.

• Production and sales volumes are expected to grow 3.4% and 4.1% respectively for the full year.

• No revision to previously announced forecasts due to ongoing uncertainties in the business environment and exchange markets.