Makita completes portion of share repurchase program

Makita Corporation (TSE:6586) today announced the status of its share repurchase program, revealing that it has acquired 1,053,400 of its own shares between June 1, 2025, and June 30, 2025, at a total cost of JPY 4,538,604,200. This repurchase is part of a larger program approved by the board on April 28, 2025, authorizing the acquisition of up to 7,000,000 shares, representing 2.60% of outstanding shares (excluding treasury stock), for a maximum total purchase price of JPY 20,000,000,000. As of June 30, 2025, the company has cumulatively repurchased 3,516,200 shares at a total cost of JPY 15,405,320,300 under this program. The repurchase period is between April 30, 2025, and September 30, 2025.