KK Makita

6586

Equity

ISIN JP3862400003 / Valor 784527

Tokyo Stock Exchange (2024-12-27)

JPY 4,871.00+1.67%

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 increase of 4.5% year-on-year for the six months ended September 30, 2024, reaching 386,443 million yen. This growth was attributed to proactive product launches and the depreciation of the yen against local currencies, despite slow demand in the housing and construction markets.

Operating Profit Surge

For the same period, KK Makita's operating profit surged by 61.9% year-on-year to 51,415 million yen. This significant increase was driven by improvements in the cost ratio, reductions in transportation costs, and favorable foreign exchange rates, resulting in an operating profit ratio of 13.3%.

Profit Before Income Taxes

KK Makita's profit before income taxes rose by 70.9% to 51,323 million yen for the six months ended September 30, 2024. The profit before income taxes ratio stood at 13.3%, reflecting the company's strong financial performance during this period.

Profit Attributable to Owners

The profit attributable to owners of the parent increased by 83.5% year-on-year, reaching 38,200 million yen. This result highlights KK Makita's ability to enhance profitability despite challenging market conditions, with a ratio of profit attributable to owners of the parent at 9.9%.

Regional Revenue Performance

KK Makita experienced varied revenue performance across different regions. In Europe, revenue increased by 10.1% year-on-year, while North America saw a decline of 10.2%. In Japan, revenue rose by 3.4%, and in Central and South America, it increased by 5.6%. Meanwhile, Asia experienced a slight decline of 2.5% in revenue.

Summarized from source with an LLMView Source

Key figures

26.4%1Y

0.04%3Y

27.8%5Y

Performance

24.1%1Y

37.9%3Y

35.4%5Y

Volatility