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Makino Milling Machine, 4% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 70 Yen
6135 Makino Milling Machine Co.,Ltd. 【J-GAAP】
Earnings ReportMakino Milling Machine Co.,Ltd. <6135> [TSE Prime] announced its financial results after the market closed on April 30th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 expanded to 35.9% from the previous period to 27.2 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 4.0% to 28.4 billion yen, marking the second consecutive term of record-high profits. This will be the third consecutive term of revenue and profit growth.
At the same time, the company increased the final dividend for the previous term from no dividends to 270 yen , and has decided to increase the dividend this fiscal year to 340 yen, an increase of 70 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 34.2% from the same period last year, reaching 7.51 billion yen. The operating profit margin improved from 8.1% in the same period last year to 10.4%.
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Actual Results
| 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 | 261,184 | 25,035 | 27,299 | 20,992 | 897.5 | 270 | Apr 30, 2026 | J-GAAP |
| YoY | +11.5% | +35.2% | +35.9% | +45.6% | +46.4% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 252,000 | 23,800 | 25,600 | 19,400 | 829.4 | 0 | Jan 30, 2026 | J-GAAP |
| Mar, 2026 Results | 261,184 | 25,035 | 27,299 | 20,992 | 897.5 | 270 | Apr 30, 2026 | J-GAAP |
| Revision Rate | +3.6% | +5.2% | +6.6% | +8.2% | +8.2% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 119,421 | 9,500 | 10,530 | 6,762 | 289.1 | 0 | Oct 31, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 131,500 | 11,000 | 11,500 | 9,100 | 389.0 | 160 | Apr 30, 2026 | J-GAAP |
| YoY | +10.1% | +15.8% | +9.2% | +34.6% | +34.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 234,216 | 18,516 | 20,090 | 14,415 | 613.2 | 180 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 | 261,184 | 25,035 | 27,299 | 20,992 | 897.5 | 270 | Apr 30, 2026 | J-GAAP |
| Mar, 2027 Guidance | 276,000 | 27,600 | 28,400 | 22,100 | 944.8 | 340 | Apr 30, 2026 | J-GAAP |
| YoY | +5.7% | +10.2% | +4.0% | +5.3% | +5.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Jan - Mar, 2026 | 71,052 | 7,359 | 7,519 | 6,963 | 297.7 | 10.4 | Apr 30, 2026 | J-GAAP |
| YoY | +8.6% | +39.3% | +34.2% | +79.3% | +80.2% |
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