Makita reports gains, will focus on OPE
Makita reported its consolidated revenue increased 1.6% year on year to 753,130 million yen, due to the impact of depreciation in the yen against local currencies. The company said that, next to power tools, “we will work to develop and market products, mainly cordless outdoor power equipment and cleaning products, as the mainstay of future business.”
The actual exchange rate for the year ended March 31, 2025 was 152.62 yen to the U.S. dollar
By Region
In North America, housing investment was weak due to continued high interest rates and soaring prices for construction materials and market competition intensified. As a result, revenue was 83,919 million yen, down 10.4% year on year.
In Europe, Makita’s largest sales market, revenue was 371,798 million yen, up 4.3% year on year. This occurred despite sluggish construction and building markets due to continued high interest rates.
In Japan, XGT series and outdoor power equipment underpinned sales, despite a challenging demand environment, including construction and building materials prices remaining at high levels and a decline in housing starts. As a result, revenue was 127,168 million yen, up 3.2% year on year.
The impact of climate change on society, such as frequent wind and flood disasters, is becoming more serious, and companies are playing an increasingly important role in realizing a decarbonized society. We have identified contributing to a decarbonized society as a material issue that should be prioritized and are stepping up our efforts. Therefore, the group is currently working on the realization of a decarbonized society by focusing on cordless outdoor power equipment that does not emit exhaust gases during use as the next pillar of our future business in addition to power tools.
Outlook for the fiscal year ending March 31, 2026
In the future, the Makita Group expects that the prospect for the global economy will continue to be uncertain. Meanwhile, the group believes that demand for environmental and human friendly tools that contribute to the solution of social issues, such as the labor shortage and environment conservation by increased efficiency of works, will continue to increase further both in emerging and developed countries.
Amid ongoing geopolitical tensions, the impact of mutual tariffs and trade friction on the global economy is extremely uncertain. Particularly, in the U.S., we expect a significant decline in sales due to tariffs against China. In terms of costs, we expect to see a rise in labor costs. Based on these assumptions, the consolidated results for the fiscal year ending March 2026 are estimated below.
Makita said it expects revenue of 700,000 million yen in its fiscal 2026, which will end March 31, 2026.
