Makita Corp. Stock Hits Day High with Strong Intraday Performance

Makita Corp. has experienced a notable uptick in its stock performance today, gaining 3.45% and reaching an intraday high of JPY 4,948.00. This increase stands in contrast to the Japan Nikkei 225, which rose by 1.85% during the same period. Despite a slight decline of 0.02% over the past week and a 0.99% drop in the last month, Makita's year-to-date performance remains positive at 0.97%. The company has shown resilience with a robust EBIT to Interest ratio of 16.79, indicating strong debt servicing capabilities. In terms of profitability, Makita reported a net profit of JPY 60,419 million for the first nine months, reflecting a significant growth of 55.38%. The return on capital employed (ROCE) stands at 9.06%, while the return on equity (ROE) is at 8.55%. Additionally, the company has seen a reduction in raw material costs by 13.94% year-over-year, contributing to its financial stability. With a market capitalization of JPY 1,409,048 million, Makita Corp. continues to maintain a competitive position within the industrial products sector.