Overview
Machinery

Makita Corporation

Makita Corporation is a leading global manufacturer of professional-grade power tools, outdoor power equipment, and air tools, offering an extensive lineup spanning cordless (Li-ion 18V and 40Vmax series), corded, pneumatic, and OEM motor unit solutions. The company's product range covers drilling, fastening, cutting, grinding, dust collection, cleaning, and gardening equipment, targeting professional tradespeople, contractors, and industrial users worldwide. Makita's competitive strengths lie in its advanced battery platform technology, broad product portfolio, and vertically integrated global manufacturing and sales network across over 40 countries.

Market Cap
¥1,345B
US$8.58B
EV
¥1,084B
US$6.91B
Stock¥5,220▼-0.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
9.9
x
LTM PER
16.2
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-15.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 30, 26Earnings: Strong results drive surge
2Jul 30, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
1,345BUS$8.58BMarket Cap20.7BUS$132M+ Debt256BUS$1.63B− Cash32.5BUS$208M− Inv. Sec.7.43BUS$47.4M+ NCI1,084BUS$6.91BEV
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Performance & Balance
Revenue 5Y (¥B)
739US$4.71B'22/3765US$4.88B'23/3741US$4.73B'24/3753US$4.80B'25/3778US$4.96B'26/3
EBITDA 5Y (¥B)
113US$719M'22/354.1US$345M'23/395.1US$606M'24/3137US$872M'25/3135US$862M'26/3
Net Income 5Y (¥B)
64.8US$413M'22/311.7US$74.6M'23/343.7US$279M'24/379.3US$506M'25/379.4US$506M'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
71.1US$453M60.0US$383M'22/3163US$1.04B138US$880M'23/3197US$1.25B19.9US$127M'24/3253US$1.62B30.1US$192M'25/3257US$1.64B21.5US$137M'26/3
Shareholders
Top 10 hold 37.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.74%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.89%
3
Marwa Co., Ltd.
3.40%
4
MUFG Bank, Ltd.
3.26%
5
Sumitomo Mitsui Banking Corporation
2.24%
6
Makita Business Partners Investment Association
2.23%
7
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.07%
8
National Mutual Insurance Federation of Agricultural Cooperatives (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
1.97%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.94%
10
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DR HOLDERS (Standing Proxy: MUFG Bank, Ltd.)
1.73%
Management
14 officers
Munetoshi GOTO
Representative Director, President
Apr 1999 Joined the Company Apr 2012 General Manager, Overseas Sales Management Department Jun 2013 Director, Executive Officer, General Manager, Overseas Sales Division Jun 2017 Representative Director, President (current)
1975-04-26
Tetsuhisa KANEKO
Director, Managing Executive Officer, General Manager, Development & Engineering Division
Mar 1981 Joined the Company Apr 2004 General Manager, Technology Research Department Aug 2005 General Manager, No. 2 Manufacturing Department Oct 2006 General Manager, No. 1 Manufacturing Department Jun 2007 Director, General Manager, Purchasing Division Jun 2009 Director, Executive Officer, General Manager, Purchasing Division May 2010 Director, Executive Officer, General Manager, Production Division (in charge of China plant) Jun 2015 Director, Executive Officer, General Manager, Production Division Jun 2017 Director, Executive Officer, General Manager, Development & Engineering Division Jun 2024 Director, Managing Executive Officer, General Manager, Development & Engineering Division (current)
1955-04-06
Takashi TSUCHIYA
Director, Executive Officer, General Manager, Domestic Sales Division
Mar 1982 Joined the Company Apr 2001 General Manager, Shizuoka Branch Oct 2003 General Manager, Tokyo Branch Apr 2010 General Manager, Sales Administration Department Jun 2013 Executive Officer, General Manager, Domestic Sales Division (in charge of Tokyo Sales Department) Jun 2015 Director, Executive Officer, General Manager, Domestic Sales Division Apr 2024 Director, Executive Officer, General Manager, Domestic Sales Division (in charge of Osaka Sales Department, concurrently) Jun 2025 Director, Executive Officer, General Manager, Domestic Sales Division (current)
1957-09-01
Masaki YOSHIDA
Director, Executive Officer, General Manager, Production Division
Mar 1985 Joined the Company Oct 2007 General Manager, Production Control Department Apr 2010 General Manager, No. 2 Manufacturing Department Apr 2011 General Manager, Production Development Department Feb 2012 Deputy General Manager, Makita (China) Co., Ltd. Jun 2015 Director, Executive Officer, Deputy General Manager, Production Division (in charge of China plant) Apr 2018 Director, Executive Officer, Deputy General Manager, Production Division Jun 2021 Director, Executive Officer, General Manager, Production Division (current)
1962-06-17
Takashi OMOTE
Director, Executive Officer, General Manager, Overseas Sales Division
Mar 1982 Joined the Company Jan 1995 Officer in charge, Makita Mexico S.A. de C.V. Mar 2001 Officer in charge, Makita do Brasil Ltda. Jun 2013 Executive Officer, Regional Head, Central and South America Jun 2017 Director, Executive Officer, General Manager, Overseas Sales Division (current) Jun 2026 Director, Managing Executive Officer, General Manager, Overseas Sales Division (scheduled)
1959-02-10
Yukihiro OTSU
Director, Executive Officer, General Manager, Administration Division
Mar 1983 Joined the Company Jul 1996 Chief Financial Officer, Makita U.S.A., Inc. Apr 2009 Deputy General Manager, Finance Department Dec 2009 Deputy General Manager, Makita (China) Co., Ltd. Oct 2013 General Manager, Accounting Department Jun 2017 Director, Executive Officer, General Manager, Administration Division (current)
1960-08-27
Yoshihisa INUZUKA
Director, Executive Officer, General Manager, Purchasing Division
Mar 1984 Joined the Company Apr 2009 General Manager, No. 2 Manufacturing Department Apr 2010 General Manager, Production Development Department Mar 2011 Plant Manager, Makita do Brasil Ltda. Apr 2016 General Manager, Development & Engineering Planning Department Jun 2021 Executive Officer, Deputy General Manager, Development & Engineering Division Jun 2024 Director, Executive Officer, General Manager, Purchasing Division (current)
1961-02-15
Hideyuki KAWASE
Director, Executive Officer, General Manager, Quality Division
Mar 1986 Joined the Company Apr 2012 Officer in charge, Makita EU S.R.L. (Romania) Mar 2017 General Manager, Production Control Department Apr 2018 President, Makita (China) Co., Ltd. Jun 2021 Executive Officer, Deputy General Manager, Production Division (in charge of China plant) Mar 2024 Executive Officer, Deputy General Manager, Production Division Jun 2024 Director, Executive Officer, General Manager, Quality Division (current)
1963-07-31
Takahiro IWASE
Outside Director
Apr 1977 Joined Toyota Motor Corporation (formerly Toyota Jidosha Kogyo Co., Ltd.) Jun 2005 Managing Officer, Toyota Motor Corporation Jun 2009 Senior Managing Director, Toyota Motor Corporation; Outside Audit & Supervisory Board Member, Chuo Spring Co., Ltd. Apr 2011 Vice Chairman and Director, Toyota Motor Asia Pacific Co., Ltd. Jun 2011 Senior Managing Officer, Toyota Motor Corporation Jun 2014 President and Director, Toyota Auto Body Co., Ltd. Apr 2016 Full-time Senior Advisor, Aichi Steel Corporation Jun 2016 Representative Director, Chairman, Aichi Steel Corporation Jun 2017 Outside Audit & Supervisory Board Member, Chuo Spring Co., Ltd. Jul 2020 Chairman, Aichi Prefectural Public Safety Commission Mar 2021 Outside Audit & Supervisory Board Member, DMG Mori Co., Ltd. (current) Jun 2021 Outside Director, Makita (current)
1952-05-28
Takashi ANDO
Outside Director
Apr 1978 Joined Nagoya Railroad Co., Ltd. Jun 2008 Director, Nagoya Railroad Co., Ltd. Jun 2011 Senior Managing Director, Nagoya Railroad Co., Ltd. Jun 2013 Representative Director, Senior Managing Director, Nagoya Railroad Co., Ltd. Jun 2015 Representative Director, President, Nagoya Railroad Co., Ltd. Jun 2019 Representative Director, President and Executive Officer, Nagoya Railroad Co., Ltd. Jun 2021 Representative Director, Chairman, Nagoya Railroad Co., Ltd. (current) Jun 2024 Outside Director, Chubu-Nippon Broadcasting Co., Ltd. (current) Jun 2025 Outside Director, Makita (current)
1955-02-27
Koji TSUZUKI
Director, Full-time Audit and Supervisory Committee Member
Mar 1985 Joined the Company Sep 2007 Chief Financial Officer, Makita U.S.A., Inc. Apr 2015 General Manager, General Affairs Department Jun 2025 Director, Full-time Audit and Supervisory Committee Member (current)
1961-11-23
Koji NISHIKAWA
Outside Director, Audit and Supervisory Committee Member
Oct 1988 Joined Aoyama Audit Corporation Aug 1992 Registered as Certified Public Accountant Apr 2000 Joined Chuo Aoyama Audit Corporation (merged with Chuo Audit Corporation); became Partner Sep 2006 Joined Arata Audit Corporation (currently PwC Japan LLC); became Partner Jul 2018 Head, Koji Nishikawa Certified Public Accountant Office (current) Apr 2020 Joined Seimei Audit Corporation Jun 2020 Representative Partner, Seimei Audit Corporation Jun 2021 Outside Director, Audit and Supervisory Committee Member, Makita (current)
1957-11-01
Ayumi UJIHARA
Outside Director, Audit and Supervisory Committee Member
Apr 1984 Joined Brother Industries, Ltd. Mar 1994 Joined Ito Accounting Office Audit Corporation Apr 2000 Joined Tokai Finance Bureau as Securities and Financial Inspector Jul 2003 Joined Chuo Aoyama Audit Corporation Aug 2006 Joined Arata Audit Corporation (currently PwC Japan LLC) Jul 2015 Became Partner Jul 2022 Head, Ayumi Ujihara Certified Public Accountant Office (current) Mar 2023 Outside Audit & Supervisory Board Member, Yamaha Motor Co., Ltd. (current) May 2023 Member, Kagayaki Audit Corporation (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, Riken Vitamin Co., Ltd. (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, Makita (current)
1961-09-12
Minae FUKUMOTO
Outside Director, Audit and Supervisory Committee Member
Apr 2000 Registered as attorney with Nagoya Bar Association (currently Aichi Bar Association) Apr 2000 Joined Sumida Masao Law Office (currently Sumida Law Office LPC) Apr 2007 Joined Fukumoto Law Office (current) Oct 2008 Appointed Civil Mediation Officer, Nagoya Summary Court Apr 2022 Family Mediation Commissioner, Nagoya Family Court (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, Makita (current)
1971-05-17
Large Shareholding Reports
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.08%→2.55%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-12
中期経営計画
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-29
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-07
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-07
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-07
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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