Makita (6586) Investor presentation summary

Financial performance and outlook

• Revenue for FYE2026 rose 3.2% to ¥777.6 billion, with overseas sales up 3.1% and domestic up 3.9%.

• Operating profit declined 2.2% to ¥104.7 billion due to higher personnel and SG&A costs.

• EPS increased slightly to ¥299.95, and profit attributable to owners was ¥79.4 billion.

• FYE2027 forecasts revenue growth of 5.5% to ¥820.0 billion and operating profit up 5.1% to ¥110.0 billion.

• Dividend policy revised to a consolidated payout ratio of 50% or more, with a ¥150 per share dividend for FYE2026.

Regional and product trends

• Revenue growth strongest in Asia (+6.0%) and Japan (+3.9%), while North America and Eastern Europe saw declines.

• Cordless products accounted for 56% of sales, growing 4% YoY in yen terms.

• Outdoor Power Equipment (OPE) sales rose 1% in yen, with cordless OPE up 2%.

Capital allocation and efficiency

• Capital expenditures increased to ¥21.5 billion in FYE2026, with a forecast of ¥30.0 billion for FYE2027.

• R&D spending rose to ¥16.6 billion, with a plan to reach ¥18.5 billion in FYE2027.

• Share repurchases totaled ¥55.9 billion in FYE2026.

• Cash reserves maintained at 2–3 months of sales to support global operations.