Makino Milling Machine Co Ltd (JP:6135)
:6135
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Makino Milling Machine Co
(6135)
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Rating:76Outperform
Price Target:
¥15,425.00
▲(42.30% Upside)
Action:ReiteratedDate:05/08/26
The score is driven by attractive valuation (low P/E and a ~2% dividend) and solid financial performance with improved profitability and conservative leverage, partially offset by uneven cash-flow conversion. Technicals are supportive with price above key moving averages and positive MACD, but near-overbought RSI/Stoch readings limit further upside in the score.
Positive Factors
Revenue Growth
Sustained multi-year revenue expansion, including +9.9% in 2026, indicates durable demand for high-value CNC systems across automotive, aerospace and mold customers. Persistent top-line growth supports scale, aftermarket revenue buildup and long-term earnings resilience.
Negative Factors
Uneven Cash Conversion
Inconsistent operating cash flow versus reported earnings and periodic negative free cash flow reduce the reliability of internally generated funding. This variability can constrain consistent capex, dividend or buyback policies and increases sensitivity to working capital swings in manufacturing cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year revenue expansion, including +9.9% in 2026, indicates durable demand for high-value CNC systems across automotive, aerospace and mold customers. Persistent top-line growth supports scale, aftermarket revenue buildup and long-term earnings resilience.
Read all positive factors
Makino Milling Machine Co (6135) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥319.31B
Dividend Yield0.91%
Average Volume (3M)94.45K
Price to Earnings (P/E)9.6
Beta (1Y)0.65
Revenue Growth11.51%
EPS Growth46.17%
CountryJP
Employees4,782
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)530.72
Shares Outstanding24,893,840
10 Day Avg. Volume118,620
30 Day Avg. Volume94,453
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.03
Price to Sales (P/S)1.03
P/FCF Ratio17.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1,005.95
Revenue Forecast (FY)¥265.40B
Makino Milling Machine Co Business Overview & Revenue Model
Company Description
Makino Milling Machine Co., Ltd. engages in the manufacture and sale of machine tools in Japan, China, rest of Asia, the United States, rest of Americas, Europe, and internationally. The company offers machining centers, numerical control electric...
How the Company Makes Money
Makino primarily makes money by selling high-value CNC machine tools and related equipment to industrial customers. A major revenue stream is the sale of machining centers and other machine tools, often configured to customer specifications for pa...
Makino Milling Machine Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 237.75B | 261.18B | 234.22B | 225.36B | 227.99B | 186.59B |
| Gross Profit | 72.51B | 82.32B | 69.13B | 64.81B | 63.47B | 47.89B |
| EBITDA | 26.98B | 33.29B | 26.90B | 24.64B | 25.40B | 18.46B |
| Net Income | 12.43B | 20.99B | 14.42B | 15.98B | 16.07B | 12.04B |
Balance Sheet | ||||||
| Total Assets | 367.74B | 423.03B | 367.04B | 362.33B | 348.46B | 325.58B |
| Cash, Cash Equivalents and Short-Term Investments | 75.72B | 75.18B | 64.19B | 72.80B | 72.55B | 76.64B |
| Total Debt | 58.48B | 53.36B | 57.20B | 57.34B | 57.08B | 51.55B |
| Total Liabilities | 143.72B | 161.59B | 140.38B | 140.78B | 150.67B | 146.80B |
| Stockholders Equity | 223.66B | 261.06B | 226.29B | 221.17B | 197.29B | 177.89B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 14.93B | -1.37B | 3.33B | -3.48B | 6.48B |
| Operating Cash Flow | 0.00 | 33.23B | 13.57B | 12.91B | 2.95B | 14.94B |
| Investing Cash Flow | 0.00 | -16.15B | -13.88B | -6.41B | -8.79B | -9.52B |
| Financing Cash Flow | 0.00 | -9.18B | -6.73B | -6.39B | -340.00M | -8.17B |
Makino Milling Machine Co Technical Analysis
Positive
10840.00
Price Trends
11587.00
Positive
11286.00
Positive
11361.30
Positive
Market Momentum
23.99
Negative
58.79
Neutral
71.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6135, the sentiment is Positive. The current price of 10840 is below the 20-day moving average (MA) of 11548.50, below the 50-day MA of 11587.00, and below the 200-day MA of 11361.30, indicating a bullish trend. The MACD of 23.99 indicates Negative momentum. The RSI at 58.79 is Neutral, neither overbought nor oversold. The STOCH value of 71.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6135.
Makino Milling Machine Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥103.98B | 136.93 | 5.02% | 3.23% | -30.60% | -84.58% | |
76 Outperform | ¥319.31B | 9.63 | 7.67% | 0.91% | 11.51% | 46.17% | |
74 Outperform | ¥65.63B | 24.26 | ― | 2.54% | 3.57% | 16.21% | |
69 Neutral | ¥88.91B | 5.19 | 7.00% | 3.02% | 9.37% | 9.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥32.88B | -53.89 | ― | 3.56% | -4.90% | -52.39% |
* Industrials Sector Average
JP:6135
Makino Milling Machine Co
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Makino Milling Machine Co Corporate Events
Makino Milling Machine Lifts Profit and Dividend on Strong FY2026 Results
May 1, 2026
Makino Milling Machine reported consolidated net sales of ¥261.2 billion for the year ended March 31, 2026, up 11.5% year on year, with operating profit rising 35.2% to ¥25.0 billion and profit attributable to owners of parent jumping 45...
Makino Resumes Dividends After Terminating Planned Tender Offer
May 1, 2026
Makino Milling Machine has decided to revise its dividend forecast and resume year-end dividend payments for the fiscal year ended March 31, 2026, proposing a dividend of 270 yen per share, or 6,315 million yen in total, sourced from retained earn...
Makino, MM Holdings Scrap Tender Offer After Japanese Regulatory Pushback
May 1, 2026
Makino Milling Machine said it has mutually agreed with MM Holdings K.K. to terminate their tender offer agreement, ending plans for MM Holdings to acquire all of Makino’s common shares. The move follows prolonged delays in obtaining regulat...
MM Holdings Drops Makino Tender Offer on National Security Grounds
May 1, 2026
MM Holdings K.K. has decided not to proceed with its planned tender offer to acquire all common shares of Makino Milling Machine, after receiving a recommendation from Japan’s finance and industry ministers under the Foreign Exchange and For...
Japan Blocks Makino Milling Machine Buyout on National Security Grounds
Apr 23, 2026
Makino Milling Machine said that plans for a tender offer by MM Holdings K.K. to acquire all of its common shares have been derailed after Japanese authorities moved to block the deal on national security grounds. The transaction, backed by a fund...
Japan Blocks MM Holdings’ Bid for Makino on National Security Grounds
Apr 23, 2026
Makino Milling Machine Co., Ltd. is a Japanese producer of high-performance machine tools whose technologies and information are used by defense equipment manufacturers in Japan, and some of its products are classified as sensitive due to their po...
MM Holdings Delays Makino Tender Offer Pending Japan Investment Clearance
Apr 10, 2026
MM Holdings K.K., which previously announced plans to acquire all common shares of Makino Milling Machine Co., Ltd. via a tender offer, reported that it has secured required competition and investment clearances in the U.S., Germany, Italy, France...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.