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Makita Corporation ( (JP:6586) ) has provided an announcement.
Makita Corporation has reported the latest progress in its ongoing share buyback program, repurchasing 2,194,200 common shares for a total of about ¥12.0 billion between March 1 and March 31, 2026. This activity is part of a previously authorized board resolution allowing buybacks of up to 10 million shares or ¥40 billion from January 30 to May 31, 2026.
As of March 31, 2026, Makita has cumulatively repurchased 6,278,200 shares at a total cost of approximately ¥35.9 billion under this mandate, approaching both the share and monetary ceilings set by the board. The accelerated execution of the buyback underscores management’s emphasis on shareholder returns and capital efficiency, and may support the company’s share price and earnings per share by reducing the number of shares outstanding.
The most recent analyst rating on (JP:6586) stock is a Buy with a Yen6899.00 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 of power tools and related equipment, best known for professional-grade cordless tools used in construction, woodworking, and industrial applications. The company competes globally, with a significant presence in both consumer and professional markets, and its shares are listed in Japan under ticker code 6586.
Average Trading Volume: 1,137,401
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1500.2B
Find detailed analytics on 6586 stock on TipRanks’ Stock Analysis page.