Makita boosts profit, plans share buyback and dividend increase

** Makita Corporation (TSE:6586) reported strong consolidated financial results for the fiscal year ending March 31, 2025, with revenue increasing 1.6% year-over-year to JPY753.13 billion and profit attributable to owners of the parent rising 81.6% to JPY79.338 billion. In response to this strong performance, the company's Board of Directors has approved a year-end dividend of JPY90.00 per share, including a JPY6.00 commemorative dividend celebrating Makita's 110th anniversary. As a result, the annual dividend will be JPY110.00, up from JPY57.00 in the previous fiscal year. In addition to increased dividend payouts, Makita announced plans to repurchase up to 7 million of its own shares, valued at a maximum of JPY20 billion, between April 30, 2025, and September 30, 2025. This repurchase program aims to enhance shareholder returns and capital efficiency. While the company forecasts a decline in revenue for the next fiscal year ending March 31, 2026, with revenue expected to be JPY700 billion, Makita's management remains focused on delivering long-term value to shareholders.