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Makita, Net Income Forecast for the Fiscal Year Revised Upward by 7%

Thu Jan 29, 2026 3:30 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 January 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 7.0% from the same period last year to 57.5 billion yen.

However, the full-year forecast for consolidated net income has been revised upward 6.6%, from the previous forecast of 68.5 billion yen to 73.0 billion yen (compared to 79.3 billion yen in the previous period), and the declining rate is expected to decrease from 13.7% to 8.0%.

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 (second half) has been revised upward 15.2%, from the previous forecast of 29.7 billion yen to 34.2 billion yen (compared to 41.1 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 27.8% to 16.9%.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 18.7 billion yen, a 20.8% decrease compared to the same period last year. The operating profit margin decreased from 17.0% in the same period last year to 13.0%.

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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, 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 77.2 Jan 29, 2025 IFRS
Apr - Dec, 2025 568,778 76,247 78,535 57,516 216.6 78.5 Jan 29, 2026 IFRS
YoY +0.0% -7.4% -6.2% -7.0% -5.8%

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 351,579 43,505 42,099 29,700 112.3 － Oct 31, 2025 IFRS
Oct - Mar, 2025 New 381,579 48,505 47,099 34,200 129.3 － Jan 29, 2026 IFRS
Revision Rate +8.5% +11.5% +11.9% +15.2% +15.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 730,000 95,000 95,000 68,500 259.0 － Oct 31, 2025 IFRS
Mar, 2026 New 760,000 100,000 100,000 73,000 276.0 － Jan 29, 2026 IFRS
Revision Rate +4.1% +5.3% +5.3% +6.6% +6.6%

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 381,579 48,505 47,099 34,200 129.3 － Jan 29, 2026 IFRS
YoY +4.1% -12.8% -17.6% -16.9% -15.4%

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 760,000 100,000 100,000 73,000 276.0 － Jan 29, 2026 IFRS
YoY +0.9% -6.6% -7.8% -8.0% -6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 190,357 24,752 25,634 18,716 70.5 13.0 Jan 29, 2026 IFRS
YoY +4.5% -19.9% -20.9% -20.8% -19.8%

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