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Makita's Profit Climbs 19% in Fiscal Q1

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Makita's (TYO:6586) profit attributable to owners of the parent climbed 19% to 22.9 billion yen for the fiscal first quarter from 19.3 billion yen a year earlier.

The power tools manufacturer's basic earnings per share rose to 88.70 yen from 72.07 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Revenue rose 10.7% to 206.6 billion yen for the three months ended June 30 from 186.6 billion yen.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 81 billion yen, basic EPS of 314.22 yen, and revenue of 820 billion yen.

The company expects to pay an interim dividend of 20 yen per share for the current fiscal year.

Shares of Makita rose nearly 4% at market close.

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