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Makita Corporation ( (JP:6586) ) has shared an announcement.
Makita Corporation has raised its consolidated earnings forecast for the fiscal year ending March 31, 2026, citing resilient sales and more favorable foreign exchange assumptions despite a challenging demand environment. The company now expects revenue of ¥760 billion and operating profit of ¥100 billion, both higher than its October 2025 projections and modestly above the prior year’s revenue, supported by sales promotion efforts and a weaker yen against the U.S. dollar, euro and renminbi, which is boosting reported revenue and profit for shareholders.
The most recent analyst rating on (JP:6586) stock is a Buy with a Yen5786.00 price target. To see the full list of analyst forecasts on Makita Corporation stock, see the JP:6586 Stock Forecast page.
More about Makita Corporation
Makita Corporation is a Japanese manufacturer known for its power tools, outdoor power equipment and related industrial products, serving professional contractors and consumer markets worldwide. The company operates in a highly competitive global tools and equipment industry where currency fluctuations and international demand trends significantly affect its earnings.
Average Trading Volume: 962,837
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1279.2B
See more insights into 6586 stock on TipRanks’ Stock Analysis page.