Here are the latest numbers, for the 9-month period ending 12/31/23:
Makita North America
- Total Revenue: 75.165 billion Yen | $513 million USD*
- Operating Loss: 3.404 billion Yen | $23.2 million USD*
Makita Overall
- Total Revenue: 550.614 billion Yen | $3.75 billion USD*
- Operating Profit: 48.049 billion Yen | $328 million USD*
*Converted using 1/31/24 exchange rate of 146.64 Yen to $1 USD.
Makita said this about their performance in North America:
"Sales, mainly at home improvement stores, were down 20.8% year on year"
Makita reported an overall profit for the 12 months ending on 3/31/23 (FY 2023), but loss for their North America segment. It’s looking like they are on track for an overall profit in FY 2024 as well (ending 3/31/24), and an overall loss in North America unless they turn things around in a big way.