Makita annual report filing adds detail, ADR shares trade lower in US session

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 22:45.

Makita (JP3862400006) has submitted its latest annual securities report for the 114th fiscal year, including detailed audit considerations on inventory valuation. The Japanese power tool maker, whose American Depositary Receipts trade under the ticker MKTAY in the US, is being closely watched as investors digest fresh documentation from Tokyo’s exchange environment.

What the new filing shows

The annual securities report for Makita’s 114th fiscal year, covering April 1, 2025 to March 31, 2026, was filed on June 23, 2026 at 13:19 local time, according to an audit consideration note summarizing the submission. The document includes a section on the estimation of net realizable value for merchandise and finished goods, highlighting how the company assesses potential write-downs on its inventory.

Audit considerations around net realizable value are important for a manufacturer with a broad portfolio of cordless tools and accessories, because they directly affect gross margin reporting and the stability of earnings across cycles. For a stock that trades internationally via ADRs and responds to changes in the Nikkei ecosystem and broader Japanese industrial sector, clarity on inventory accounting supports investor confidence in reported figures.

How Makita ADR shares trade today

Makita Corporation’s ADRs under the ticker MKTAY are quoted around the mid-30 dollar range, with one live data set showing a recent level of about $35.17 per receipt and a daily decline of roughly 4.85 percent as of June 23, 2026. Another snapshot from an India-focused brokerage platform places the ADR share price close to $36.90, with an intraday high of $37.05 and a low of $36.75 in the latest session.

The ADR instruments give international investors exposure to Makita beyond its primary listing in Japan, where the company is a well-known industrial name that often moves in sympathy with the Nikkei 225 and peers in the machinery and tools segment such as Mitsui Kinzoku. Trading volumes reported for MKTAY, including around 15,692 receipts on one recent day and more than 120,000 on another, indicate consistent liquidity for a specialized industrial ADR.

The product behind the stock

Makita generates its revenue primarily by manufacturing and selling professional-grade cordless power tools, including popular 18V and 40V Max lithium-ion platforms used by construction and industrial customers worldwide. The company complements its core drill and driver ranges with saws, grinders, outdoor power equipment and batteries, creating an ecosystem that ties replacement and accessory sales to the installed base of tools.

Where the stock trades today

Makita shares (JP3862400006) are primarily listed in Japan, with international access via the MKTAY ADR that recently traded around $35-37 on US markets as of June 23, 2026, giving investors an alternative venue in US dollars.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a buy or sell recommendation, or any form of financial guidance. All data are based on publicly available sources believed to be reliable at the time of publication.