Makita Q1 2026 Financial Performance
Makita reported first‑quarter operating profit of ¥30.5 billion, representing a 17% year‑over‑year increase and aligning with the company’s internal guidance. Adjusted total sales for the quarter declined 0.7% YoY after accounting for currency effects.
Regional sales performance varied: Western Europe experienced an 11.2% drop in sales, attributed to hot weather affecting outdoor power equipment and power tools; Japan sales increased 4.1%, North America sales rose 7.5%, while Oceania sales fell 7.6%.
The profit uplift of ¥4.5 billion YoY stemmed from several sources: a weak yen contributed ¥3.3 billion, higher selling prices added ¥1.5 billion, tariff refunds supplied ¥3.6 billion, and lower battery costs added ¥0.4 billion. These gains were partially offset by selling, general and administrative expenses that rose ¥3.2 billion and a gross tariff impact of ¥1.6 billion.
Product‑level growth was noted in the 40V MAX portfolio, with global sales up 13% YoY and a 6% increase in Western Europe. The company did not disclose any impact from data‑center‑related demand.
Key Figures
- Operating profit: ¥30.5 billion (↑17% YoY)\
- Adjusted total sales: ‑0.7% YoY\
- Western Europe sales: ‑11.2%\
- Japan sales: +4.1%\
- North America sales: +7.5%\
- Oceania sales: ‑7.6%\
- Profit drivers: ¥3.3 billion (yen weakness), ¥1.5 billion (price hikes), ¥3.6 billion (tariff refunds), ¥0.4 billion (battery cost reduction)\
- Cost offsets: ¥3.2 billion (SG&A), ¥1.6 billion (tariff impact)\
- 40V MAX sales growth: 13% globally, 6% in Western Europe