KK Makita

6586

Equity

ISIN JP3862400003 / Valor 784527

Tokyo Stock Exchange (2024-09-13)

JPY 4,514.00-2.15%

KK Makita
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About company

Founded in 1915, Makita Corporation has evolved from a small electric motor sales and repair business into a global leader in the manufacture of portable electric power tools. By introducing Japan's first electric planers in 1958, Makita established a foundation for innovation and quality in the power tool industry. Over the decades, the company has expanded its product range to meet the evolving needs of professionals in housing construction and beyond. Makita was a pioneer in adopting lithium-ion battery technology for professional-grade power tools in 2005, setting a new standard for the industry. This move was part of a broader strategy to diversify its offerings, which now include a wide range of lithium-ion battery-powered tools, from impact drivers introduced in 2005 to dust extraction and gardening tools. In recent years, Makita has also ventured into outdoor power equipment (OPE), aiming to establish it as a new pillar of its business alongside its traditional power tool lineup. The company's commitment to innovation is evident in its efforts to develop tools that are environmentally friendly, emphasizing battery-powered solutions that offer the performance of engine-powered tools without the emissions, fuel dependency, and noise. Makita's global presence and extensive product range underscore its role as a key player in the power tool industry, continuously adapting to meet the demands of a changing market.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

KK Makita reported a consolidated revenue of 193,932 million yen for the three months ended June 30, 2024, marking a 5.1% increase compared to the same period in the previous year. This growth was primarily driven by the depreciation of the yen against local currencies.

Operating Profit

For the first quarter of 2024, KK Makita achieved an operating profit of 21,344 million yen, which represents a significant 30.9% increase year on year. This improvement was attributed to a better cost ratio due to reduced transportation costs and favorable foreign exchange rates.

Profit Before Income Taxes

KK Makita's profit before income taxes for Q1 2024 was 21,338 million yen, showing a 33.0% increase from the same quarter in the previous year. The profit before income taxes ratio stood at 11.0% for this period.

Profit Attributable to Owners

The profit attributable to owners of the parent for the three months ended June 30, 2024, was 16,010 million yen, reflecting a substantial 43.1% year-on-year increase. This resulted in a profit ratio of 8.3% for the period.

Dividend Information

KK Makita announced a forecasted interim cash dividend of 20.00 yen per share for the year ending March 31, 2025. The total dividend amount for the year has not been determined yet, but the company maintains a policy to ensure a total return ratio of 35% or greater.

Summarized from source with an LLMView Source

Key figures

13.6%1Y

-33.5%3Y

33.0%5Y

Performance

38.6%1Y

37.5%3Y

36.3%5Y

Volatility