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Makita, The Current Fiscal Year Net Income Revised Upward by 18%, Highest in Three Terms

Wed Jan 29, 2025 3:00 pm JST Earnings

6586 Makita Corporation 【IFRS】

Earnings Report

Makita Corporation <6586> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 29th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 61.8 billion yen, an increase 89.5% compared to the same period last year.

In addition, the full-year consolidated net income has been revised upward 18.0%, from the previous forecast of 61 billion yen to 72 billion yen (compared to 43.6 billion yen in the previous period), increasing the growth rate from 39.6% to 64.8%, reaches new record high for the first time in three terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 48.2%, from the previous forecast of 22.8 billion yen to 33.8 billion yen (compared to 22.8 billion yen in the same period of the previous year), turning to a 47.8% increase in the consolidated net income outlook.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.0 times that of the same period last year, reaching 23.6 billion yen. The operating profit margin drastically improved from 9.0% in the same period last year to 17.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 580,283 27,158 26,002 14,219 52.4 108.9 Jan 31, 2023 IFRS
Apr - Dec, 2023 550,614 48,049 46,113 32,637 121.0 72.0 Jan 31, 2024 IFRS
Apr - Dec, 2024 568,555 82,334 83,742 61,843 229.9 84.6 Jan 29, 2025 IFRS
YoY +3.3% +71.4% +81.6% +89.5% +89.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 343,557 33,585 32,677 22,800 84.8 － Oct 30, 2024 IFRS
Oct - Mar, 2024 New 343,557 47,585 47,677 33,800 125.6 － Jan 29, 2025 IFRS
Revision Rate 0.0% +41.7% +45.9% +48.2% +48.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 730,000 85,000 84,000 61,000 226.7 － Oct 30, 2024 IFRS
Mar, 2025 New 730,000 99,000 99,000 72,000 267.6 － Jan 29, 2025 IFRS
Revision Rate 0.0% +16.5% +17.9% +18.0% +18.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 371,724 34,409 33,981 22,875 84.9 47 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 343,557 47,585 47,677 33,800 125.6 － Jan 29, 2025 IFRS
YoY -7.6% +38.3% +40.3% +47.8% +48.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 764,702 28,246 23,887 11,705 43.1 21 Apr 27, 2023 IFRS
Mar, 2024 741,391 66,169 64,017 43,691 162.1 57 Apr 26, 2024 IFRS
Mar, 2025 Guidance 730,000 99,000 99,000 72,000 267.6 － Jan 29, 2025 IFRS
YoY -1.5% +49.6% +54.6% +64.8% +65.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 180,947 16,289 16,077 11,821 43.8 9.0 Jan 31, 2024 IFRS
Jan - Mar, 2024 190,777 18,120 17,904 11,054 41.0 9.5 Apr 26, 2024 IFRS
Apr - Jun, 2024 193,932 21,344 21,338 16,010 59.5 11.0 Jul 30, 2024 IFRS
Jul - Sep, 2024 192,511 30,071 29,985 22,190 82.5 15.6 Oct 30, 2024 IFRS
Oct - Dec, 2024 182,112 30,919 32,419 23,643 87.9 17.0 Jan 29, 2025 IFRS
YoY +0.6% +89.8% +101.6% +100.0% +100.5%

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