kabutan

Makino Milling Machine, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 16%, Exceeded Record Profit Forecast

Fri Jan 30, 2026 3:30 pm JST Earnings

6135 Makino Milling Machine Co.,Ltd. 【J-GAAP】

Earnings Report

Makino Milling Machine Co.,Ltd. <6135> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 19.7 billion yen, an increase 36.5% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 16.4%, from the previous forecast of 22.0 billion yen to 25.6 billion yen (compared to 20.0 billion yen in the previous period), increasing the growth rate from 9.5% to 27.4%. The company has further increased its previous forecast of record profits for the first time in seven years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 31.4%, from the previous forecast of 11.4 billion yen to 15.0 billion yen (compared to 12.5 billion yen in the same period of the previous year), turning to a 20.5% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 34.0% from the same period last year, reaching 9.25 billion yen. The operating profit margin improved from 9.3% in the same period last year to 11.6%.

Kabutan News

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, 2023 162,992 12,156 13,843 11,270 472.2 73.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 168,794 13,232 14,487 10,532 447.3 72.1 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 190,132 17,676 19,780 14,029 599.8 77.3 Jan 30, 2026 J-GAAP
YoY +12.6% +33.6% +36.5% +33.2% +34.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 120,579 12,000 11,470 11,238 480.4 0 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 132,579 14,300 15,070 12,638 540.3 0 Jan 30, 2026 J-GAAP
Revision Rate +10.0% +19.2% +31.4% +12.5% +12.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 240,000 21,500 22,000 18,000 769.5 0 Jun 3, 2025 J-GAAP
Mar, 2026 New 252,000 23,800 25,600 19,400 829.4 0 Jan 30, 2026 J-GAAP
Revision Rate +5.0% +10.7% +16.4% +7.8% +7.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 125,979 10,940 12,507 8,633 367.2 100 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 132,579 14,300 15,070 12,638 540.3 0 Jan 30, 2026 J-GAAP
YoY +5.2% +30.7% +20.5% +46.4% +47.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 225,360 16,372 18,918 15,981 670.6 150 Apr 30, 2024 J-GAAP
Mar, 2025 234,216 18,516 20,090 14,415 613.2 180 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 252,000 23,800 25,600 19,400 829.4 0 Jan 30, 2026 J-GAAP
YoY +7.6% +28.5% +27.4% +34.6% +35.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 60,557 5,656 6,904 4,750 201.7 9.3 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 65,422 5,284 5,603 3,883 165.2 8.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 55,397 3,201 3,684 1,247 53.4 5.8 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 64,024 6,299 6,846 5,515 235.8 9.8 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 70,711 8,176 9,250 7,267 310.7 11.6 Jan 30, 2026 J-GAAP
YoY +16.8% +44.6% +34.0% +53.0% +54.0%

Related Articles