Declared Dividend • Jul 31
Dividend of JP¥79.00 announced Shareholders will receive a dividend of JP¥79.00. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 289%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 30
First quarter 2027 earnings released: EPS: JP¥88.70 (vs JP¥72.06 in 1Q 2026) First quarter 2027 results: EPS: JP¥88.70 (up from JP¥72.06 in 1Q 2026). Revenue: JP¥206.6b (up 11% from 1Q 2026). Net income: JP¥22.9b (up 19% from 1Q 2026). Profit margin: 11% (in line with 1Q 2026). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 30
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €27.60. The fair value is estimated to be €36.94, 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 41%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period. Duyuru • Apr 29
Makita Corporation, Annual General Meeting, Jun 24, 2026 Makita Corporation, Annual General Meeting, Jun 24, 2026. Duyuru • 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. Duyuru • Apr 28
Makita Corporation, Annual General Meeting, Jun 25, 2025 Makita Corporation, Annual General Meeting, Jun 25, 2025. Duyuru • 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 • Nov 01
Second quarter 2025 earnings released: EPS: JP¥82.48 (vs JP¥35.79 in 2Q 2024) 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 is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. 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 10% 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 German dividend payers (4.8%). Lower than average of industry peers (3.6%). 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 4.4% growth forecast for the Machinery industry in Germany. 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 12% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 31
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €29.40. The fair value is estimated to be €23.34, 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 3.8% 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 74%, which is higher than the industry average of 2.6%. 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 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to €26.38. The fair value is estimated to be €21.85, 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 released: EPS: JP¥162 (vs JP¥43.11 in FY 2023) 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 is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. 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 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to €27.08. The fair value is estimated to be €21.94, 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. Duyuru • 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 German dividend payers (5.0%). Lower than average of industry peers (3.2%). Declared Dividend • Mar 03
Dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 28th March 2024 Payment date: 1st July 2024 Dividend yield will be 47%, which is higher than the industry average of 2.6%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 3%. Duyuru • 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 released: EPS: JP¥43.94 (vs JP¥11.57 in 3Q 2023) 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 is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. 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 13% per year, which means it has not declined as severely as earnings. Duyuru • 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. Duyuru • 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 01
Second quarter 2024 earnings released: EPS: JP¥35.79 (vs JP¥1.90 in 2Q 2023) 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 is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. 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 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Duyuru • Aug 30
Makita Corporation to Report Q2, 2024 Results on Oct 31, 2023 Makita Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥41.30 (vs JP¥38.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.30 (up from JP¥38.90 in 1Q 2023). Revenue: JP¥184.5b (down 5.6% from 1Q 2023). Net income: JP¥11.2b (up 5.9% from 1Q 2023). Profit margin: 6.1% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • May 26
Makita Corporation to Report Q1, 2024 Results on Jul 31, 2023 Makita Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥43.11 (vs JP¥239 in FY 2022) Full year 2023 results: EPS: JP¥43.11 (down from JP¥239 in FY 2022). Revenue: JP¥764.7b (up 3.4% from FY 2022). Net income: JP¥11.7b (down 82% from FY 2022). Profit margin: 1.5% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥11.57 (vs JP¥49.85 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.57 (down from JP¥49.85 in 3Q 2022). Revenue: JP¥189.0b (up 3.5% from 3Q 2022). Net income: JP¥3.14b (down 77% from 3Q 2022). Profit margin: 1.7% (down from 7.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 01
Makita Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023 Makita Corporation revises consolidated earnings guidance for the year ending March 31, 2023. The company now expects Revenue to be JPY 750,000 million, Operating profit to be JPY 25,000 million, Profit attributable to owners of the parent to be JPY 12,000 million or JPY 44.19 against previous forecast of Revenue of JPY 740,000 million, Operating profit of JPY 40,000 million, Profit attributable to owners of the parent of JPY 22,000 million or JPY 81.02. Duyuru • Dec 01
Makita Corporation to Report Q3, 2023 Results on Jan 31, 2023 Makita Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥1.90 (vs JP¥59.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.90 (down from JP¥59.69 in 2Q 2022). Revenue: JP¥196.0b (up 9.5% from 2Q 2022). Net income: JP¥515.0m (down 97% from 2Q 2022). Profit margin: 0.3% (down from 9.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Duyuru • Aug 31
Makita Corporation to Report Q2, 2023 Results on Oct 28, 2022 Makita Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 27
First quarter 2023 earnings released: EPS: JP¥38.90 (vs JP¥79.59 in 1Q 2022) First quarter 2023 results: EPS: JP¥38.90 (down from JP¥79.59 in 1Q 2022). Revenue: JP¥195.3b (up 5.4% from 1Q 2022). Net income: JP¥10.6b (down 51% from 1Q 2022). Profit margin: 5.4% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.4%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • May 29
Makita Corporation to Report Q1, 2023 Results on Jul 26, 2022 Makita Corporation announced that they will report Q1, 2023 results on Jul 26, 2022 Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: JP¥239 (vs JP¥228 in FY 2021) Full year 2022 results: EPS: JP¥239 (up from JP¥228 in FY 2021). Revenue: JP¥739.3b (up 22% from FY 2021). Net income: JP¥64.8b (up 4.4% from FY 2021). Profit margin: 8.8% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Apr 04
Makita Corporation to Report Fiscal Year 2022 Results on Apr 27, 2022 Makita Corporation announced that they will report fiscal year 2022 results on Apr 27, 2022 Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥49.85 (down from JP¥72.73 in 3Q 2021). Revenue: JP¥182.6b (up 16% from 3Q 2021). Net income: JP¥13.5b (down 32% from 3Q 2021). Profit margin: 7.4% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 1.3%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥59.69 (vs JP¥57.53 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥178.9b (up 15% from 2Q 2021). Net income: JP¥16.2b (up 3.8% from 2Q 2021). Profit margin: 9.1% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 26 November 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (1.0%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥79.59 (vs JP¥42.43 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥185.3b (up 46% from 1Q 2021). Net income: JP¥21.6b (up 88% from 1Q 2021). Profit margin: 12% (up from 9.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS JP¥228 (vs JP¥176 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥608.3b (up 24% from FY 2020). Net income: JP¥62.0b (up 30% from FY 2020). Profit margin: 10% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Duyuru • Apr 27
Makita Corporation Proposes Dividend for the Year Ended March 31, 2021, Effective June 28, 2021 Makita Corporation, at its board meeting held on April 27, 2021, proposed to pay dividend of JPY 59.00 per share for the year ended March 31, 2021 against JPY 43.00 per share paid last year. The effective date is June 28, 2021. Record date is March 31, 2021. Duyuru • Mar 04
Makita Corporation to Report Fiscal Year 2021 Results on Apr 27, 2021 Makita Corporation announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 20
New 90-day low: €36.80 The company is down 14% from its price of €42.80 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.73 per share. Is New 90 Day High Low • Feb 02
New 90-day low: €37.60 The company is down 7.0% from its price of €40.60 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.80 per share. Duyuru • Jan 31
Makita Corporation Revises Earnings Guidance for the Year Ending March 31, 2021 Makita Corporation revised earnings guidance for the year ending March 31, 2021. For the year, the company expects revenue of JPY 570,000 million, operating profit of JPY 82,000 million and profit attributable to owners of the parent of JPY 58,000 million or JPY 213.61 per share compared to previous forecast of revenue of JPY 530,000 million, operating profit of JPY 67,500 million and profit attributable to owners of the parent of JPY 48,000 million or JPY 176.78 per share respectively. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥72.73 (vs JP¥50.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥158.0b (up 22% from 3Q 2020). Net income: JP¥19.7b (up 45% from 3Q 2020). Profit margin: 13% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 40%. Over the next year, revenue is forecast to stay flat compared to a 4.9% growth forecast for the Machinery industry in Germany. Duyuru • Nov 29
Makita Corporation to Report Q3, 2021 Results on Jan 29, 2021 Makita Corporation announced that they will report Q3, 2021 results at 11:12 AM, GMT Standard Time on Jan 29, 2021 Is New 90 Day High Low • Nov 10
New 90-day high: €44.00 The company is up 17% from its price of €37.60 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.03 per share. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥49.9b, down 2.3% from the prior year. Total revenue was JP¥532.2b over the last 12 months, up 8.3% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 14% at JP¥283.2b. Revenue is forecast to stay flat over the next year, in line with the revenue forecast for the Machinery industry in Germany. Duyuru • Sep 03
Makita Corporation to Report Q2, 2021 Results on Oct 30, 2020 Makita Corporation announced that they will report Q2, 2021 results at 11:12 AM, GMT Standard Time on Oct 30, 2020 
