Makita: Sets ¥40bn buyback cap, up to 10m shares by March 2027

Makita’s board approved a buyback of common shares. The share cap represents 3.9% of shares outstanding excluding treasury stock.

• Shares to be acquired: Common shares
• Legal basis: Article 459, Paragraph 1 of the Companies Act and Makita’s articles of incorporation
• Approving body: Board of directors meeting held on Oct. 30, 2026

The acquisition period runs through March 31, 2027. The buyback is subject to caps, so the number of shares acquired and the amount spent may fall short of the limits.

Makita said the buyback is part of a flexible capital policy intended to help achieve the company’s goals for fiscal 2030. Its share count as of Sept. 30, 2026, was as follows.

• Treasury shares: 22,353,109 shares
• Shares outstanding excluding treasury stock: 257,664,411 shares
• Post-buyback treatment: The disclosure did not specify what Makita will do with the shares after acquiring them, including whether they will be canceled

Buybacks can affect measures such as earnings per share by reducing the number of shares outstanding. Makita did not disclose the impact on its results or how it plans to use the shares, limiting the conclusions that can be drawn from this announcement alone.