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Consumer Durables

Makita Corp.

Business Summary

Makita Corp. engages in the production and sale of electric power tools, woodworking machines, and household equipment. It operates through the following segments: Japan, Europe, North America, and Asia. Its products include drilling, fastening, cutting, grinding, sawing, sanding, pneumatic tools, and outdoor power equipment. The company was founded by Mosaburo Makita on March 21, 1915 and is headquartered in Anjo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit188,748M1,392.79M
Operating income28,246M208.43M
Income before tax23,887M176.26M
Net income11,705M86.37M
Diluted EPS43.100.31
Dividends Per Share210.15
Total Assets1,099.35B8,260.20M
Total liabilities323,652M2,431.82M
Total equity769,247M5,779.90M
Operating cash flow44,430M327.85M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 490,578M 492,617M 608,331M 739,260M 764,702M
Gross Profit 177,222M 168,841M 203,049M 228,318M 188,748M
Operating income 78,305M 64,046M 88,464M 91,728M 28,246M
Income before tax 79,919M 66,008M 87,199M 92,483M 23,887M
Net income 55,750M 47,731M 62,018M 64,770M 11,705M
EBITDA 89,576M 78,395M 104,955M 112,730M 54,135M
Diluted EPS 205.33 175.80 228.40 238.53 43.10
Dividends Per Share 62 53 69 72 21
Total Assets 680,250M 674,564M 812,878M 1,007.49B 1,099.35B
Total liabilities 103,028M 98,816M 149,552M 254,967M 323,652M
Total equity 572,748M 571,275M 657,855M 746,344M 769,247M
Operating cash flow 23,155M 57,310M 64,537M -103,660M 44,430M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 4,423.81M 4,530.82M 5,735.86M 6,578.64M 5,642.83M
Gross Profit 1,598.11M 1,552.90M 1,914.51M 2,031.79M 1,392.79M
Operating income 706.12M 589.05M 834.11M 816.28M 208.43M
Income before tax 720.67M 607.10M 822.18M 823.00M 176.26M
Net income 502.72M 439.00M 584.75M 576.38M 86.37M
EBITDA 807.75M 721.03M 989.60M 1,003.17M 399.46M
Diluted EPS 1.85 1.61 2.15 2.12 0.31
Dividends Per Share 0.55 0.48 0.65 0.64 0.15
Total Assets 6,145.81M 6,248.56M 7,356.36M 8,300.69M 8,260.20M
Total liabilities 930.82M 915.34M 1,353.41M 2,100.65M 2,431.82M
Total equity 5,174.57M 5,291.78M 5,953.43M 6,149.07M 5,779.90M
Operating cash flow 208.80M 527.10M 608.51M -922.46M 327.85M

Valuation Measures

Mar 2023
Operating margin3.69%
Profit margin1.53%

Key executives

  • President & Representative Director: Munetoshi Goto
  • Director & General Manager-Technology Development: Tetsuhisa Kaneko
  • Director, Executive Officer & GM-Purchasing: Shinichiro Tomita
  • Director, Executive Officer & GM-Quality: Tomoyuki Ota
  • Director, Executive Officer & GM-Domestic Sales: Takashi Tsuchiya


  • Maruwa KK (3.0%)
  • Nomura Asset Management Co., Ltd. (3.0%)
  • Makita Corp. (3.0%)
  • Mitsubishi UFJ Financial Group, Inc. (3.0%)
  • Lazard Asset Management LLC (2.8%)
  • The Vanguard Group, Inc. (2.3%)
  • BlackRock Fund Advisors (2.2%)
  • Makita Business Association (2.2%)
  • Sumitomo Mitsui Financial Group, Inc. (2.0%)
  • Nippon Life Insurance Co. (1.9%)

Contact Details

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Last Updated on 31 May, 2023

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