Makita (6586) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended December 31, 2024 rose 3.3% year-over-year to 568,555 million yen, driven by foreign exchange gains despite weak demand in key markets.

• Operating profit surged 71.4% year-over-year to 82,334 million yen, reflecting cost reductions and favorable currency effects.

• Profit attributable to owners of the parent increased 89.5% year-over-year to 61,843 million yen.

Financial highlights

• Gross profit improved to 203,166 million yen from 166,562 million yen year-over-year.

• Operating profit margin rose to 14.5% from 8.7% year-over-year.

• Basic EPS increased to 229.88 yen from 121.04 yen year-over-year.

• Cash and cash equivalents rose to 262,233 million yen as of December 31, 2024, up from 196,645 million yen at March 31, 2024.

• Total equity attributable to owners of the parent increased to 923,774 million yen, with an equity ratio of 83.6%.

Outlook and guidance

• Full-year revenue forecast maintained at 730,000 million yen, down 1.5% from the previous year.

• Operating profit forecast revised upward to 99,000 million yen (up 49.6% year-over-year), and profit attributable to owners of the parent to 72,000 million yen (up 64.8%).

• Basic EPS forecast raised to 267.63 yen.

• Dividend policy targets a total return ratio of at least 35%, with a minimum annual dividend of 20 yen per share.