Makita raises full-year profit outlook on strong half-year performance

Makita Corporation announced an upward revision to its consolidated financial forecast for the fiscal year ending March 31, 2026, primarily due to strong six-month performance ending September 30, 2025. The revised forecast now projects 730,000 million yen in revenue, 95,000 million yen in operating profit, and 68,500 million yen in profit attributable to owners of the parent. This is an increase from the previous forecast of 700,000 million yen in revenue, 74,000 million yen in operating profit, and 54,000 million yen in profit attributable to owners of the parent.

The improved outlook is attributed to steady sales of outdoor power equipment (OPE), cost reduction efforts, and favorable foreign exchange rates, despite a challenging demand environment. Basic earnings per share are now forecast at 257.41 yen, up from 201.83 yen. For the six months ending September 30, 2025, Makita reported revenue of 378,421 million yen, operating profit of 51,495 million yen, and profit attributable to owners of the parent of 38,800 million yen.

The updated forecast assumes average exchange rates for the full year of $/yen 143, €/yen 167, and RMB/yen 20.2. These rates are more favorable than the previously assumed $/yen 140, €/yen 160, and RMB/yen 19.5, contributing to the revised profitability. The company also confirmed an interim cash dividend of 20.00 yen per share for the year ending March 31, 2026.