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Makino Milling Machine Co
(6135)
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Rating:77Outperform
Price Target:
¥3,467.00
▼(-77.49% Downside)
Action:Reiterated
Date:09/30/26
The score is driven by solid financial performance (strong earnings recovery, improved margins, and conservative leverage) and supportive technicals (price above major moving averages with positive MACD). Valuation is a key positive with a moderate P/E and very high dividend yield, while the main offsetting risk is cash-flow volatility and inconsistent cash conversion.
Positive Factors
Revenue and Margin Recovery
Strong recent revenue growth alongside healthy gross, operating, and net margins indicates that the business has moved beyond its prior loss period and rebuilt earnings power. If maintained, this profitability provides greater capacity to fund investment, support customers, and withstand normal industrial fluctuations.
Negative Factors
Uneven Cash Conversion
Inconsistent conversion of reported earnings into operating and free cash flow can make internally funded growth less predictable. Periods of negative free cash flow despite profitability may reflect working-capital or investment demands and could constrain capital allocation if the pattern persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Recovery
Strong recent revenue growth alongside healthy gross, operating, and net margins indicates that the business has moved beyond its prior loss period and rebuilt earnings power. If maintained, this profitability provides greater capacity to fund investment, support customers, and withstand normal industrial fluctuations.
Read all positive factors
Makino Milling Machine Co (6135) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥399.14B
Dividend Yield13.54%
Average Volume (3M)548.71K
Price to Earnings (P/E)14.6
Beta (1Y)0.37
Revenue Growth15.90%
EPS Growth104.65%
CountryJP
Employees4,777
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)217.23
Shares Outstanding124,469,210
10 Day Avg. Volume369,590
30 Day Avg. Volume548,713
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.03
Price to Sales (P/S)1.03
P/FCF Ratio17.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)253.47
Revenue Forecast (FY)¥295.20B
Makino Milling Machine Co Business Overview & Revenue Model
Company Description
Makino Milling Machine Co., Ltd. specializes in the global manufacturing and distribution of advanced machine tools. The company's comprehensive product portfolio encompasses machining centers, numerical control electrical discharge machines, mill...
How the Company Makes Money
Makino makes money primarily by selling machine tools (capital equipment) to industrial customers. The core revenue stream is the sale of CNC machining centers and related machine tool systems, where revenue is typically recognized based on the de...
Makino Milling Machine Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.56B | 261.18B | 234.22B | 225.36B | 227.99B | 186.59B |
| Gross Profit | 89.91B | 82.32B | 69.13B | 64.81B | 63.47B | 47.89B |
| EBITDA | 42.24B | 37.11B | 28.95B | 28.20B | 27.67B | 21.73B |
| Net Income | 25.41B | 20.99B | 14.42B | 15.98B | 16.07B | 12.04B |
Balance Sheet | ||||||
| Total Assets | 440.70B | 423.03B | 367.04B | 362.33B | 348.46B | 325.58B |
| Cash, Cash Equivalents and Short-Term Investments | 72.47B | 75.18B | 64.19B | 72.80B | 72.55B | 76.64B |
| Total Debt | 53.54B | 53.36B | 57.20B | 57.34B | 57.08B | 51.55B |
| Total Liabilities | 172.11B | 161.59B | 140.38B | 140.78B | 150.67B | 146.80B |
| Stockholders Equity | 268.25B | 261.06B | 226.29B | 221.17B | 197.29B | 177.89B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 14.93B | -1.37B | 3.33B | -3.48B | 6.48B |
| Operating Cash Flow | 0.00 | 33.23B | 13.57B | 12.91B | 2.95B | 14.94B |
| Investing Cash Flow | 0.00 | -16.15B | -13.88B | -6.41B | -8.79B | -9.52B |
| Financing Cash Flow | 0.00 | -9.18B | -6.73B | -6.39B | -340.00M | -8.17B |
Makino Milling Machine Co Technical Analysis
Positive
15400.00
Price Trends
2983.63
Positive
2901.99
Positive
2556.79
Positive
Market Momentum
36.14
Negative
64.66
Neutral
71.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6135, the sentiment is Positive. The current price of 15400 is above the 20-day moving average (MA) of 3027.60, above the 50-day MA of 2983.63, and above the 200-day MA of 2556.79, indicating a bullish trend. The MACD of 36.14 indicates Negative momentum. The RSI at 64.66 is Neutral, neither overbought nor oversold. The STOCH value of 71.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6135.
Makino Milling Machine Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥399.14B | 14.62 | 10.02% | 13.54% | 15.90% | 104.65% | |
75 Outperform | ¥61.59B | 17.23 | ― | 3.23% | -1.63% | -23.69% | |
64 Neutral | ¥88.91B | 11.92 | 8.18% | 2.00% | 14.68% | 69.21% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | ¥33.68B | 35.65 | ― | 3.19% | -6.36% | -61.60% | |
47 Neutral | ¥106.62B | 45.47 | 2.15% | 2.85% | -21.58% | -98.64% |
* Industrials Sector Average
JP:6135
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Makino Milling Machine Co Corporate Events
Makino Advances Share Buyback Ahead of Planned Stock Split
Sep 1, 2026
Makino Milling Machine Co., Ltd. has disclosed the progress of its ongoing share buyback program, conducted under provisions of Japan’s Companies Act and authorized by its board of directors in late July. Between August 3 and August 31, 2026...
Makino Milling Machine Launches ¥6 Billion Share Buyback to Bolster Shareholder Returns
Jul 31, 2026
Makino Milling Machine Co., Ltd., a Japanese machine-tool manufacturer listed on the Prime Market of the Tokyo Stock Exchange, is pursuing a capital policy that combines stable dividends with opportunistic share repurchases. The company’s st...
Makino Rejects Proposed Share Acquisition Over Regulatory and Funding Risks
Jul 31, 2026
Makino Milling Machine Co., Ltd. has decided to reject Nippon Sangyo Suishin Kiko Ltd.’s proposal to acquire its common shares and to end further consideration of the transaction. After review by a special committee and exchanges with the bi...
Makino Milling Machine Posts Strong Q1 Earnings, Plans Stock Split and Dividend Changes
Jul 31, 2026
Makino Milling Machine reported a sharp improvement in earnings for the three months ended June 30, 2026, with net sales rising 25.9% year on year to ¥69.8 billion and operating profit more than doubling to ¥7.6 billion. Profit attributa...
Makino Milling Machine Announces 5-for-1 Stock Split and Boosts Authorized Shares
Jul 31, 2026
Makino Milling Machine has approved a five‑for‑one stock split of its common shares, effective October 1, 2026, with a record date of September 30, 2026, to lower the investment unit price and broaden its investor base. Following the s...
Makino Moves to Fully Integrate Key Subsidiaries via Simplified Share Exchanges
Jul 31, 2026
Makino Milling Machine Co., Ltd. has approved a series of simplified share exchanges to make three consolidated subsidiaries, Makino Technical Service, Makino Giken and Makino Logistics, direct wholly owned units of the parent. The board resolutio...
Makino Completes Restricted Stock Treasury Share Disposal for Directors
Jul 31, 2026
Makino Milling Machine Co., Ltd. has completed payment procedures for a previously approved disposal of treasury shares to be granted as restricted stock to its directors. The transaction covers 2,789 shares of common stock at a disposal price of ...
Makino Milling Machine Grants Restricted Treasury Shares to Directors Under Incentive Plan
Jul 3, 2026
Makino Milling Machine has approved the disposal of 2,789 treasury shares as restricted stock to five internal directors, valued at about ¥42.4 million and priced at ¥15,200 per share, with transfer restrictions in place until a specifie...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.