6586
Makita Corporation
株式会社マキタ
Machinery
Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Central and South America, Oceania, The Middle East, and Africa. It offers construction and building tools, such as cordless power cutter, cordless router, cordless breaker, battery powered random orbit sander, cordless cable cutter, and cordless hole puncher. The company also provides gardening tools, including robotic mower, cordless scarifier, cordless pole hedge trimmer, battery powered wheelbarrow, battery powered pruning shears, and battery powered backpack blower. In addition, it offers cleaning tools, including cordless vacuum sweeper, upright cleaner, and backpack vacuum cleaner, as well as cordless cooler & warmer box and cordless bar light. Further, the company provides parts, repairs, and accessories. The company was formerly known as Makita Electric Works, Ltd. and changed its name to Makita Corporation in April 1991. Makita Corporation was founded in 1915 and is headquartered in Anjo, Japan.
Price
¥5,534
Market Cap
¥1.5T
Ent. Value
¥1.2T
Net Cash
¥255.0B
Shares Out.
269.0M
P / E
18.4×
EV / EBIT
11.8×
P / Book
1.43×
P / NCAV
2.36×
Div. Yield
0.36%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥777.6B | ¥777.6B | ¥741.4B | ¥764.7B | ¥739.3B |
| Cost of Sales | ¥493.6B | ¥493.6B | ¥517.4B | ¥576.0B | ¥510.9B |
| Gross Profit | ¥284.0B | ¥284.0B | ¥223.9B | ¥188.7B | ¥228.3B |
| SG&A | ¥179.3B | ¥179.3B | ¥157.8B | ¥160.5B | ¥136.6B |
| Operating Income | ¥104.7B | ¥104.7B | ¥66.2B | ¥28.2B | ¥91.7B |
| Non-Operating Income | — | ¥7.5B | ¥4.6B | ¥3.3B | ¥1.9B |
| Non-Operating Expenses | — | ¥6.0B | ¥6.8B | ¥7.7B | ¥1.2B |
| Ordinary Income | ¥108.0B | ¥108.5B | — | — | — |
| Pre-tax Income | ¥108.0B | ¥108.0B | ¥64.0B | ¥23.9B | ¥92.5B |
| Net Income (owners) | ¥79.4B | ¥79.4B | ¥43.7B | ¥11.7B | ¥64.8B |
| Minority Interest | — | ¥-135M | ¥-76M | ¥-134M | ¥567M |
| Comprehensive Income | — | ¥75.2B | ¥115.2B | ¥42.4B | ¥108.1B |
| EBITDA | ¥135.2B | ¥135.2B | ¥95.1B | ¥54.1B | ¥112.7B |
| EPS | ¥299.95 | ¥299.95 | ¥162.13 | ¥43.11 | ¥238.54 |
| Shares Outstanding | — | 269.0M | 269.0M | 271.5M | 271.5M |
| Shares Issued (total) | — | 280.0M | 280.0M | 280.0M | 280.0M |
| Treasury Shares | — | 11.0M | 11.0M | 8.5M | 8.5M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,181.2B | ¥1,181.2B | ¥1,055.8B | ¥1,099.4B | ¥1,007.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥808.2B | ¥808.2B | ¥693.6B | ¥753.4B | ¥685.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥257.4B | ¥257.4B | ¥196.6B | ¥162.7B | ¥71.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥373.0B | ¥373.0B | ¥362.2B | ¥345.9B | ¥322.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥278.1B | ¥278.1B | ¥277.2B | ¥265.6B | ¥243.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥721M | ¥721M | ¥721M | ¥721M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥18.1B | ¥19.7B | ¥17.9B | ¥12.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥176.6B | ¥176.6B | ¥180.6B | ¥323.7B | ¥255.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥139.0B | ¥139.0B | ¥145.5B | ¥291.6B | ¥224.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥2.4B | ¥2.4B | ¥19.9B | ¥186.4B | ¥79.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥37.7B | ¥37.7B | ¥35.1B | ¥32.1B | ¥30.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥14.3B | ¥12.5B | ¥12.6B | ¥11.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,004.5B | ¥1,004.5B | ¥875.2B | ¥775.7B | ¥752.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥46.0B | ¥45.6B | ¥45.6B | ¥45.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥779.5B | ¥779.5B | ¥669.4B | ¥629.3B | ¥640.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-21.5B | ¥-21.5B | ¥-11.5B | ¥-11.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥145.1B | ¥150.9B | ¥82.0B | ¥47.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥997.3B | ¥997.3B | ¥868.2B | ¥769.2B | ¥746.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥6.5B | ¥7.0B | ¥6.5B | ¥6.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥2.4B | ¥2.4B | ¥19.9B | ¥186.4B | ¥79.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥255.0B | ¥255.0B | ¥176.8B | ¥-23.7B | ¥-8.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥631.5B | ¥631.5B | ¥513.0B | ¥429.8B | ¥430.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥2,347 | ¥1,907 | ¥1,583 | ¥1,584 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥3,707 | ¥3,227 | ¥2,833 | ¥2,749 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥102.3B | ¥102.3B | ¥237.1B | ¥44.4B | ¥-103.7B |
| D&A | ¥30.5B | ¥30.5B | ¥28.9B | ¥25.9B | ¥21.0B |
| Investing CF | ¥-17.6B | ¥-17.6B | ¥-25.6B | ¥-37.7B | ¥-27.9B |
| Financing CF | ¥-99.2B | ¥-99.2B | ¥-191.3B | ¥81.0B | ¥52.6B |
| Free Cash Flow | ¥102.3B | ¥102.3B | ¥237.1B | ¥44.4B | ¥-103.7B |
| Net Change in Cash | — | ¥56.6B | ¥33.9B | ¥91.7B | ¥-77.6B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 7.9% | 8.4% | 5.3% | 1.5% | 8.6% |
| ROA | 6.7% | 7.1% | 4.1% | 1.1% | 6.4% |
| EPS | ¥299.95 | ¥299.95 | ¥162.13 | ¥43.11 | ¥238.54 |
| DPS | ¥20.00 | ¥20.00 | ¥57.00 | ¥21.00 | ¥72.00 |
| BPS | ¥3,859.45 | ¥3,859.45 | — | — | — |
| FCF/Share | — | ¥380 | ¥881 | ¥164 | ¥-382 |
| NCAV/Share | — | ¥2,347 | ¥1,907 | ¥1,583 | ¥1,584 |
| Payout Ratio | 6.7% | 6.7% | 35.2% | 48.7% | 30.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 7
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-04-28
15:40
|
Div Increase | ¥33.6B ¥130.0/sh +44% | Makita announced a significant dividend increase to 130 yen per share (FY2026 fiscal year-end), up 44.4% from 90 yen in … | |
|
Summary
Makita announced a significant dividend increase to 130 yen per share (FY2026 fiscal year-end), up 44.4% from 90 yen in the prior year, with total payout of 33.6 billion yen. The company simultaneously revised its capital allocation policy from a 35% total payout ratio floor to a consolidated dividend payout ratio of 50% or higher, strengthening shareholder returns and capital efficiency. The new policy takes effect from FY2026 (year ending March 31, 2026).
Deadline: 2026-06-25
YoY: +44%
Source (JP)
配当性向50％以上とし、2026年３月期の配当から適用いたします。2026年３月31日を基準日とする剰余金の配当の予定額...130円00銭
利益配分に関する基本方針の変更及び剰余金の配当に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
37,051 | 13.77% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
13,724 | 5.10% |
| 3 | 株式会社マルワ | 8,708 | 3.23% |
| 4 |
MUFG Bank
株式会社三菱ＵＦＪ銀行
|
8,426 | 3.13% |
| 5 | マキタ取引先投資会 | 5,868 | 2.18% |
| 6 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
5,800 | 2.15% |
| 7 |
Nippon Life Insurance
日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)
|
5,353 | 1.98% |
| 8 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部)
|
5,284 | 1.96% |
| 9 | 全国共済農業協同組合連合会(常任代理人 日本マスタートラスト信託銀行株式会社) | 5,102 | 1.89% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
4,934 | 1.83% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
18.9%
-0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.8%
-0.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
14.6%
+0.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 37.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 16.79% | 13.86% | 13.77% -0.09% | |
| Japan Custody Bank 日本カストディ銀行 | 5.54% | 5.17% | 5.10% -0.07% | |
| State Street | — | 1.51% | 3.79% +2.28% | |
| 式会社マルワ | 3.18% | 3.21% | 3.23% +0.02% | |
| MUFG Bank 式会社三菱ＵＦＪ銀行 | 3.10% | 3.13% | 3.13% | |
| マキタ取引先投資会 | 2.32% | 2.20% | 2.18% -0.02% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 2.13% | 2.15% | 2.15% | |
| Nippon Life Insurance 日本生命保険 | 1.97% | 1.98% | 1.98% | |
| 全国共済農業協同組合連合会 | 1.87% | 1.89% | 1.89% | |
| BNY Mellon last seen 2024 | Exited Top 10 | 1.70% | 2.38% | — |
| ビーエヌワイエム アズ エージーテイ クライアンツ ノン トリーテイー ジヤスデツク last seen 2023 | Exited Top 10 | 2.51% | — | — |
| Concentration (HHI) ⓘ | 359 | 264 | 267 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥29,179M
+39% since 2023
Holdings
38
+3 new
3 exited
Trend
8 building
vs 2023
| Held Company | FY2025 ¥29,179M total | FY2023 ¥20,955M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
5,215 |
2,593,275
|
2,199 | 2,593,275 | M |
|
Sharp Corporation
シャープ㈱
|
3,383 |
3,584,200
|
3,344 | 3,584,200 | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
2,562 |
458,000
|
1,366 | 458,000 | M |
|
suzuki motor corporation
スズキ㈱
|
2,367 |
+300.0%
↑
1,308,000
|
1,571 | 327,000 | M |
|
Murata Manufacturing Co.
㈱村田製作所
|
2,316 |
+200.0%
↑
1,004,400
|
2,692 | 334,800 | M |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
2,082 |
+200.0%
↑
835,206
|
1,565 | 278,402 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
1,935 |
+200.0%
↑
509,997
|
901 | 169,999 | M |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス㈱
|
1,651 |
716,000
|
1,045 | 716,000 | M |
|
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ
|
1,182 |
NEW
New
413,902
|
— | M | |
|
FUJI CORPORATION
㈱FUJI
|
1,118 |
534,400
|
1,194 | 534,400 | M |
|
AIDA ENGINEERING,LTD.
アイダエンジニアリング㈱
|
940 |
1,050,000
|
858 | 1,050,000 | M |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱
|
871 |
210,500
|
518 | 210,500 | M |
|
MABUCHI MOTOR CO., LTD.
マブチモーター㈱
|
739 |
+100.0%
↑
322,520
|
622 | 161,260 | M |
|
RINNAI CORPORATION
リンナイ㈱
|
431 |
124,740
|
404 | 124,740 | M |
|
DAIHEN CORPORATION
㈱ダイヘン
|
241 |
38,000
|
169 | 38,000 | M |
|
Teikoku Tsushin Kogyo Co.,Ltd
帝国通信工業㈱
|
212 |
88,800
|
134 | 88,800 | M |
|
Bando Chemical Industries, Ltd.
バンドー化学㈱
|
205 |
124,664
|
132 | 124,664 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
203 |
NEW
New
54,536
|
— | M | |
|
YAHAGI CONSTRUCTION CO.,LTD.
矢作建設工業㈱
|
171 |
133,100
|
110 | 133,100 | M |
|
COMSYS Holdings Corporation
コムシスホールディングス㈱
|
167 |
52,522
|
128 | 52,522 | M |
|
TOENEC CORPORATION
㈱トーエネック
|
158 |
+400.0%
↑
163,395
|
111 | 32,679 | M |
|
SANYO DENKI CO.,LTD.
山洋電気㈱
|
146 |
15,600
|
96 | 15,600 | M |
|
MARUYAMA MFG.CO.,INC.
㈱丸山製作所
|
143 |
70,000
|
125 | 70,000 | M |
|
Sintokogio,Ltd.
新東工業㈱
|
136 |
164,000
|
137 | 164,000 | M |
|
Dynapac Co., Ltd.
ダイナパック㈱
|
89 |
45,996
|
60 | 45,996 | M |
|
Tokai Tokyo Financial Holdings, Inc.
東海東京フィナンシャル・ホールディングス㈱
|
87 |
179,401
|
66 | 179,401 | M |
|
NIPPON THOMPSON CO., LTD.
日本トムソン㈱
|
62 |
127,000
|
74 | 127,000 | M |
|
Noritake Company Limited
ノリタケ㈱
|
53 |
NEW
New
15,000
|
— | M | |
|
FUTABA INDUSTRIAL CO., LTD.
フタバ産業㈱
|
50 |
64,769
|
28 | 64,769 | M |
|
Tenryu Saw Mfg. Co., Ltd.
天龍製鋸㈱
|
50 |
+100.0%
↑
26,620
|
42 | 13,310 | M |
|
ASAHI KAGAKU KOGYO CO.,LTD
旭化学工業㈱
|
46 |
77,000
|
52 | 77,000 | M |
|
NAKANIPPON CASTING CO.,LTD
中日本鋳工㈱
|
44 |
110,551
|
53 | 110,551 | M |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
39 |
30,533
|
20 | 30,533 | M |
|
KANEFUSA CORPORATION
兼房㈱
|
29 |
43,200
|
31 | 43,200 | M |
|
Misonoza Co.
㈱御園座
|
27 |
16,000
|
28 | 16,000 | |
|
OKUMA Corporation
オークマ㈱
|
16 |
+100.0%
↑
4,692
|
14 | 2,346 | M |
|
Kuroda Precision Industries Co., Ltd.
黒田精工㈱
|
7 |
6,600
|
11 | 6,600 | M |
|
juntendo co.,ltd.
㈱ジュンテンドー
|
6 |
12,069
|
7 | 12,069 | M |
|
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ （注）２
|
— |
−100%
Exit
—
|
890 | 413,902 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
124 | 27,268 | M |
| ㈱ノリタケカンパニーリミテッド | — |
−100%
Exit
—
|
34 | 7,500 | M |
| Portfolio total | 29,179 | 20,955 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding