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Makita, Net Income Forecast for the Fiscal Year Revised Upward by 27%

Fri Oct 31, 2025 3:40 pm JST Earnings

6586 Makita Corporation 【IFRS】

Earnings Report

Makita Corporation <6586> [TSE Prime] announced its financial results (based on IFRS) after the market closed on October 31st (15:40). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 38.8 billion yen, a 1.6% increase compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 26.9%, from the previous forecast of 54.0 billion yen to 68.5 billion yen (compared to 79.3 billion yen in the previous period), and the declining rate is expected to decrease from 31.9% to 13.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease 27.8% from the same period last year to 29.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 19.5 billion yen, a 12.0% decrease compared to the same period last year. The operating profit margin decreased from 15.6% in the same period last year to 13.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 369,667 31,760 30,036 20,816 77.1 46.9 Oct 31, 2023 IFRS
Apr - Sep, 2024 386,443 51,415 51,323 38,200 142.0 47.3 Oct 30, 2024 IFRS
Apr - Sep, 2025 378,421 51,495 52,901 38,800 145.8 55.7 Oct 31, 2025 IFRS
YoY -2.1% +0.2% +3.1% +1.6% +2.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 20 Apr 28, 2025 IFRS
Apr - Sep, 2025 Results 378,421 51,495 52,901 38,800 145.8 20 Oct 31, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 700,000 74,000 74,000 54,000 204.2 － Apr 28, 2025 IFRS
Mar, 2026 New 730,000 95,000 95,000 68,500 259.0 － Oct 31, 2025 IFRS
Revision Rate +4.3% +28.4% +28.4% +26.9% +26.9%

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 366,687 55,623 57,154 41,138 152.9 90 Apr 28, 2025 IFRS
Oct - Mar, 2025 Guidance 351,579 43,505 42,099 29,700 112.3 － Oct 31, 2025 IFRS
YoY -4.1% -21.8% -26.3% -27.8% -26.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 741,391 66,169 64,017 43,691 162.1 57 Apr 26, 2024 IFRS
Mar, 2025 753,130 107,038 108,477 79,338 294.9 110 Apr 28, 2025 IFRS
Mar, 2026 Guidance 730,000 95,000 95,000 68,500 259.0 － Oct 31, 2025 IFRS
YoY -3.1% -11.2% -12.4% -13.7% -12.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 184,575 24,704 24,735 17,495 65.0 13.4 Apr 28, 2025 IFRS
Apr - Jun, 2025 186,614 26,069 26,865 19,281 72.1 14.0 Jul 30, 2025 IFRS
Jul - Sep, 2025 191,807 25,426 26,036 19,519 73.4 13.3 Oct 31, 2025 IFRS
YoY -0.4% -15.4% -13.2% -12.0% -11.1%

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