Komori
Earnings6586Makita CorporationMachinery

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] (Consolidated)

In the first half of the fiscal year ending March 2027, revenue and operating profit exceeded the same period of the previous year, driven by the foreign exchange translation effect of the weaker yen and an improved cost ratio resulting from refunds of U.S. tariffs. The full-year earnings forecast was left unchanged, while the year-end and full-year dividend forecasts were left undetermined.

Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
23
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales414,713¥ millionYear on year +9.6%Progress 50.6%
Operating profit63,335¥ millionYear on year +23.0%Progress 57.6%
Ordinary income66,274¥ millionYear on year +25.3%Progress 59.7%
Net income attributable to owners of the parent47,918¥ millionYear on year +23.5%Progress 59.2%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥185.93
Operating Margin15.3%
Financial position at period-end
Total assets1,192,061¥ million
of which net assets 1,010,511 ¥ millionEquity ratio 84.2%vs. prior year-end -0.2pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+60,690
Investment-1,564
Financials-41,962
Net change+17,164

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥270,053 million
Segment revenueJapan ¥79,916 million, Europe ¥204,180 million, North America ¥47,933 million, Asia ¥18,605 million, Other ¥64,079 million
Segment profitJapan ¥16,314 million, Europe ¥18,808 million, North America ¥5,619 million, Asia ¥12,435 million, Other ¥2,175 million
Regional sales¥69,562 million (YoY +5.6%), ¥202,665 million (YoY +8.2%), ¥46,691 million (YoY +17.9%), ¥25,754 million (YoY +11.3%), ¥30,063 million (YoY +22.6%), ¥30,829 million (YoY +11.0%), ¥9,149 million (YoY -9.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥820,000 million (YoY +5.5%)
Operating profit¥110,000 million (YoY +5.1%)
Ordinary income¥111,000 million (YoY +2.8%)
Net income¥81,000 million (YoY +2.0%)
Revision to Earnings ForecastNo revision → No revision(0%)
Annual Dividend Forecast¥150.00 (actual for the fiscal year ended March 2026) → To be determined (FY ending March 2027)
Shareholder Return PolicyConsolidated dividend payout ratio of 50% or higher
Factors Behind Changes in Business Performance

Revenue increased due to the weaker yen and stronger local currencies, while the cost ratio improved as a result of refunds of U.S. tariffs. The company also focused on developing new areas, including high-value-added fields.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Yes (IFRS 7 and IFRS 9)それ以外の変更 None見積りの変更 None修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Depreciation and amortization¥12,720 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End280,017,520 shares
Treasury Shares at Period-End22,353,109 treasury shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥414,713 million (YoY +9.6%)
Operating profit¥63,335 million (YoY +23.0%)
Ordinary income¥66,274 million (YoY +25.3%)
Profit attributable to owners of the parent¥47,918 million (YoY +23.5%)
Net income per share¥185.93
Operating Margin15.3%
Equity ratioEnd of the current fiscal period 84.2% / End of previous period 84.4%
Total assets¥1,192,061 million
Net assets¥1,010,511 million
Cash flows from operating activities¥60,690 million
Cash flows from investing activities¥-1,564 million
Cash flows from financing activities¥-41,962 million
Cash and cash equivalents at end of period¥270,053 million
Full-year earnings forecastNet Sales ¥820,000 million (YoY +5.5%) / Operating profit ¥110,000 million (YoY +5.1%) / Ordinary income ¥111,000 million (YoY +2.8%) / Net income ¥81,000 million (YoY +2.0%)
Revision to Earnings ForecastNo revision → No revision(0%)
Annual Dividend Forecast¥150.00 (actual for the fiscal year ended March 2026) → To be determined (FY ending March 2027)
Shareholder Return PolicyConsolidated dividend payout ratio of 50% or higher
Segment revenueJapan ¥79,916 million, Europe ¥204,180 million, North America ¥47,933 million, Asia ¥18,605 million, Other ¥64,079 million
Segment profitJapan ¥16,314 million, Europe ¥18,808 million, North America ¥5,619 million, Asia ¥12,435 million, Other ¥2,175 million
Regional sales¥69,562 million (YoY +5.6%), ¥202,665 million (YoY +8.2%), ¥46,691 million (YoY +17.9%), ¥25,754 million (YoY +11.3%), ¥30,063 million (YoY +22.6%), ¥30,829 million (YoY +11.0%), ¥9,149 million (YoY -9.8%)
Depreciation and amortization¥12,720 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards Yes (IFRS 7 and IFRS 9) / Other changes None / Change in accounting estimate None / Restatement Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End280,017,520 shares
Treasury Shares at Period-End22,353,109 treasury shares
Factors Behind Changes in Business PerformanceRevenue increased due to the weaker yen and stronger local currencies, while the cost ratio improved as a result of refunds of U.S. tariffs. The company also focused on developing new areas, including high-value-added fields.
Items this document does not state (5)
Payout ratioOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to the weaker yen and stronger local currencies, while the cost ratio improved as a result of refunds of U.S. tariffs. Although overall costs are expected to rise, the full-year forecast is expected to be achieved by focusing on developing new areas, including high-value-added fields.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] (Consolidated) | Makita Corporation (6586) timely disclosure | Komori