ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Producer Manufacturing

Makino Milling Machine Co., Ltd.

Business Summary

Makino Milling Machine Co., Ltd. engages in manufacturing, sale and service of machine tools. Its products include vertical and horizontal machining centers, sinker and wire electrical discharge machines, cutters, and tool grinding machines. It operates through the following area segments: I, II, III, and IV. The segment I handles Japan, the Republic of Korea, China, Oceania, Russia, Norway, the United Kingdom, and all other areas not included in segments II, III or IV. The segment II covers China, ASEAN and India and is handled by Makino Asia Pte. Ltd. The segment III deals with all countries in North and South America and is handled by Makino Inc. The segment IV includes countries in the European continent except Norway and is handled by Makino Europe GmbH that . The company was founded by Tsunezo Makino on May 1, 1937 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue204,709M1,845.97M
Gross Profit62,774M566.06M
Operating income20,673M186.42M
Income before tax22,000M198.38M
Net income16,981M153.12M
EBITDA26,510M239.05M
Diluted EPS689.296.21
Dividends Per Share1050.94
Total Assets269,521M2,435.02M
Total liabilities108,572M980.90M
Total equity160,115M1,446.58M
Operating cash flow15,314M138.09M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 149,506M 161,979M 153,641M 181,547M 204,709M
Gross Profit 44,975M 47,048M 42,760M 54,102M 62,774M
Operating income 12,025M 14,465M 9,662M 15,025M 20,673M
Income before tax 13,023M 15,389M 10,097M 15,954M 22,000M
Net income 11,449M 12,168M 7,597M 11,694M 16,981M
EBITDA 31,513M 35,334M 15,361M 20,814M 26,510M
Diluted EPS 455.50 484.85 305.15 511.28 689.29
Dividends Per Share 70 80 80 85 105
Total Assets 245,456M 234,264M 247,606M 268,382M 269,521M
Total liabilities 127,620M 117,131M 120,414M 115,858M 108,572M
Total equity 117,192M 116,444M 126,440M 151,723M 160,115M
Operating cash flow 10,606M 24,879M 14,026M 15,311M 15,314M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,360.92M 1,348.87M 1,418.82M 1,638.03M 1,845.97M
Gross Profit 409.39M 391.79M 394.87M 488.14M 566.06M
Operating income 109.46M 120.45M 89.22M 135.56M 186.42M
Income before tax 118.54M 128.15M 93.24M 143.94M 198.38M
Net income 104.21M 101.32M 70.15M 105.51M 153.12M
EBITDA 286.85M 294.24M 141.85M 187.79M 239.05M
Diluted EPS 4.14 4.03 2.81 4.61 6.21
Dividends Per Share 0.63 0.66 0.73 0.76 0.94
Total Assets 2,046.74M 2,084.29M 2,222.07M 2,523.57M 2,435.02M
Total liabilities 1,064.16M 1,042.13M 1,080.62M 1,089.40M 980.90M
Total equity 977.21M 1,036.02M 1,134.70M 1,426.63M 1,446.58M
Operating cash flow 96.54M 207.17M 129.52M 138.14M 138.09M

Valuation Measures

Mar 2019
PER6.61
ROA6.31%
ROE10.89%
Operating margin10.09%
Profit margin8.29%

Key executives

  • President & Representative Director: Shinichi Inoue
  • Senior Managing & GM-Administration: Toshiyuki Nagano
  • MD, GM-Production & Manager-Fuji Katsuyama Plant: Tatsuaki Aiba
  • Auditor: Kazuo Hiruta

Shareholders

  • Nomura Asset Management Co., Ltd. (5.6%)
  • LSV Asset Management (5.0%)
  • Asset Management One Co., Ltd. (4.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • Machine Tool Engineering Foundation (3.5%)
  • Dimensional Fund Advisors LP (3.4%)
  • Goldman Sachs Asset Management LP (2.4%)
  • The Vanguard Group, Inc. (2.2%)
  • Nikko Asset Management Co., Ltd. (2.0%)
  • MAKINO JIRO /MAKINO MILLING MACHINE/ (1.9%)

Contact Details

Related Companies

  • Makino Korea Co., Ltd.
  • Makino Asia Pte Ltd.
  • Makino Denso Co. Ltd.
  • Makino GmbH
  • Makino Europe GmbH
  • Makino J Co. Ltd.
  • Makino Italia SRL
  • Kanto Bussan Kaisha Ltd.
  • Makino Technical Service Co. Ltd.

Competitors

    Last Updated on 16 Oct, 2019

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Get Unlimited access

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends October 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to the Nikkei Asian Review has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media