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Japanese maker of cordless and corded power tools, outdoor power equipment and pneumatic tools for trade and home use.
Japanese maker of cordless and corded power tools, outdoor power equipment and pneumatic tools for trade and home use.
Sells through distributors, tool dealers and home-improvement chains, with professional tradespeople, who stay with a brand because their batteries are shared across tools, its core buyers. It has its own factories, which allows control of quality, and Europe is its largest region.
In one line: Japan's DeWalt/Milwaukee Tool.
Moat: narrow (brand, installed base, distribution). Large battery-platform installed base and brand loyalty against equally strong global rivals.
Headquarters: Anjo, Japan · Founded: 1915 · Employees: 17,586
Size Makita (6586.T) is a Japan Industrials company (Tools & Hardware) with a market value of $8.78B, the 155th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,364 on 6 Nov 2026.
Performance Over six months the shares fell 8.6%, against +26.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 7 in its peer set.
Growth Revenue grew 9.2% over the last twelve months (peer median +5.2%); the operating margin is 14.3% (peer median 18.3%).
Valuation It trades at 16.6× forward earnings against a peer median of 18.5× (2nd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (8.3% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥814B | ¥778B | ¥753B | ¥741B | ¥765B |
| Revenue growth | — | +3% | +2% | -3% | — |
| Gross profit | ¥310B | ¥284B | ¥271B | ¥224B | ¥189B |
| EBITDA | ¥148B | ¥135B | ¥137B | ¥95.1B | ¥54.1B |
| Net income | ¥88.5B | ¥79.4B | ¥79.3B | ¥43.7B | ¥11.7B |
| Free cash flow | ¥100B | ¥80.8B | ¥112B | ¥219B | ¥5.34B |
| Capital expenditure | ¥20.6B | ¥21.5B | ¥17.6B | ¥17.9B | ¥39.1B |
| Total debt | ¥653M | ¥21.5B | ¥30.1B | ¥40.3B | ¥204B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Makita 6586.T | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% |
| Stanley Black & Decker SWK | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% |
| Techtronic Ind 0669.HK | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% |
| Chervon 2285.HK | $2.32B | +103% | -6% | 8% | 15.7× | 12.1% |
| Husqvarna HUSQ-A.ST | $1.94B | -24% | -6% | 6% | 13.5× | -2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6586.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +10.1% | 2nd lowest of 7 |
| 6-month return | -8.6% | +26.3% | 2nd lowest of 7 |
| Distance from 52-week high | -12.5% | -10.6% | 4th highest of 7 |
| Revenue growth (TTM) | +9.2% | +5.2% | 3rd highest of 7 |
| Operating margin | 14.3% | 18.3% | 3rd lowest of 7 |
| Forward P/E | 16.6× | 18.5× | 2nd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 0.6% | 7.2% | least demanding of 7 |
| Growth delivered (Del g) | +5.0% | +8.9% | 2nd lowest of 7 |
| Hurdle (Req g minus delivered) | -4.5 pp | -1.0 pp | 2nd least demanding of 7 |
| ROIC minus cost of capital | +2.5 pp | +9.1 pp | 2nd lowest of 7 |
| EV / EBITDA | 7.6× | 14.6× | cheapest of 5 |
| Net debt / EBITDA | -1.8× | 0.8× | least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Makita 6586.T | Japan | $8.78B | -9% | +9% | 14% | 16.6× | 0.6% | +5.0% |
| Codan CDA.AX | Australia | $6.88B | +41% | +30% | 28% | 36.4× | 26.4% | +14.9% |
| Hangzhou GreatStar Industrial 002444.SZ | China | $5.33B | -13% | +6% | 15% | 13.0× | 5.8% | +11.5% |
| Allegion ALLE | United States | $15.6B | +39% | +10% | 22% | 18.7× | 7.6% | +8.4% |
| Stanley Black & Decker SWK | United States | $17.3B | +43% | 0% | 10% | 18.3× | 6.8% | +3.0% |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |
| Techtronic Ind 0669.HK | Hong Kong | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% | +9.3% |