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Makita Corporation shares rise as major domestic brokerage upgrades rating to '1'

Tue May 19, 2026 2:58 pm JST Catalyst

Shares of Makita Corporation <6586> rose after Daiwa Securities upgraded its investment rating on May 18 to its top "1 (Buy)" from "2 (Outperform)" on its five-tier scale. The brokerage also raised its price target to 7,400 yen from 6,500 yen. The upgrade reflects a positive evaluation of Makita's announcement, alongside its earnings for the fiscal year ended March 2026, which included a revised dividend policy targeting a consolidated payout ratio of 50% or more, up from 35% or more. Makita also set fiscal 2030 targets including a return on equity (ROE) of 11% or more, an operating margin of 15% or more, and cash reserves equivalent to 2-3 months of sales. Daiwa anticipates the company's evolution into a comprehensive cordless product provider via its "40Vmax series," focusing on both enhanced shareholder returns and long-term growth prospects.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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