SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of July, 2006

MAKITA CORPORATION

(Translation of registrant’s name into English)

3-11-8, Sumiyoshi-cho, Anjo City, Aichi Prefecture, Japan

(Address of principal executive offices)

[ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ]

Form 20-F þ          Form 40-F o

[ Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. ]

Yes o          No þ

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 31, 2006

Makita Corporation

Consolidated Financial Results
for the three months
ended June 30, 2006
(U.S. GAAP Financial Information)

(English translation of “ZAIMU/GYOSEKI NO GAIKYO”

originally issued in the Japanese language)

CONSOLIDATED FINANCIAL RESULTS
FOR THE THREE MONTHS ENDED JUNE 30, 2006

July 31, 2006

Makita Corporation
Stock code: 6586
URL: http://www.makita.co.jp/
Masahiko Goto, President

1. Notes to consolidated financial statements for the three months ended June 30, 2006

(1)		Adoption of simplified accounting methods: None.
(2)		Accounting policy changes from the year ended March 31, 2006: None.
(3)		Change in scope of consolidation and equity method: None.

2. Results of the three months ended June 30, 2006 (From April 1, 2006 to June 30, 2006)

(1)     CONSOLIDATED FINANCIAL RESULTS
		Yen (million)
		For the three months								For the three months								For the year ended
		ended June 30, 2005								ended June 30, 2006								March 31, 2006
						%								%								%
Net sales			50,221				7.8				61,951				23.4				229,075				17.6
Operating income			15,861				51.8				10,480				(33.9	)			45,778				45.8
Income before income taxes			16,105				47.3				11,058				(31.3	)			49,143				50.7
Net income			15,621				128.1				7,820				(49.9	)			40,411				82.6
		Yen
Net income per share:
Basic			108.65								54.41								281.15
Diluted			108.65								54.41								281.15

Notes:	1.		Amounts of less than one million yen have been rounded.
	2.		The table above shows the change in the percentage ratio of net sales, operating income, income before income taxes, and net income against the corresponding period of the previous year.

[Qualitative information on consolidated financial results]

     Net sales rose 23.4% over the same quarter of the previous year, to 61,951 million yen, reflecting continuing strong sales of products with lithium ion batteries in both the domestic and North American markets, and a firm up-trend in Europe.

     With regard to earnings, operating income amounted to 10,480 million yen (ratio of operating income to net sales; 16.9%), down 33.9% from the same quarter of the previous year, income before income taxes amounted to 11,058 million yen (ratio of income before income taxes to net sales; 17.8%), down 31.3% and net income for the quarter amounted to 7,820 million yen (ratio of net income to net sales; 12.6%), down 49.9%. These decreases from the same quarter of the previous year were due to a special factor of a gain from the sale of the Company’s golf course management subsidiary following the completion of the civil rehabilitation proceedings in May 2005. The gain of transfer of its ownership interests in the subsidiary resulted in approximately 8.5 billion yen in operating income and 11.9 billion yen in net income in the same quarter of 2005.

			1

English Translation of “ZAIMU/GYOSEKI NO GAIKYO” originally issued in the Japanese language

(2)     CONSOLIDATED FINANCIAL POSITION
		Yen (million)
		As of				As of				As of
		June 30, 2005				June 30, 2006				March 31, 2006
Total assets			284,636				321,780				326,038
Shareholders’ equity			230,572				267,556				266,584
Shareholders’ equity ratio
to total assets (%)			81.0	%			83.1	%			81.8	%
						Yen
Shareholders’ equity per share			1,603.85				1,861.78				1,854.99

[CONSOLIDATED CASH FLOWS]

		Yen (million)
		For the three months				For the three months				For the year ended
		ended June 30, 2005				ended June 30, 2006				March 31, 2006
Net cash provided by operating activities			2,448				2,368				25,067
Net cash provided by investing activities			12,514				2,252				7,655
Net cash used in financing activities			(9,917	)			(5,043	)			(19,548	)
Cash and cash equivalents, end of period			30,447				38,859				39,054

[Qualitative information on consolidated cash flows]

     Total cash and cash equivalents (“cash”) at the end of period amounted to 38,859 million yen, down 195 million yen from the end of the previous year.

(Net Cash Provided by Operating Activities)

     Net cash provided by operating activities amounted to 2,368 million yen for the quarter under review. This reflected mainly an increase in inventories in spite of strong performance.

(Net Cash Provided by Investing Activities)

     Net cash provided by investing activities amounted to 2,252 million yen for the quarter under review. Although the Company made capital expenditures, principally for the addition and betterment of buildings at Head office and Okazaki plant, and the construction of new facility at China plant, these cash outflows were more than offset by proceeds from the sale of securities.

(Net Cash Used in Financing Activities)

     Net cash used in financing activities amounted to 5,043 million yen, reflecting the payment of cash dividends and other factors.

			2

English Translation of “ZAIMU/GYOSEKI NO GAIKYO” originally issued in the Japanese language

(Ref.)

Revised outlook for the fiscal 2007 (from April 1, 2006, to March 31, 2007)

		Yen (millions)
		Net sales
		For the six months ending								For the year ending
		September 30, 2006								March 31, 2007
		Consolidated				Non-consolidated				Consolidated				Non-consolidated
Outlook announced previously (A)			118,000				55,300				240,000				112,000
Revised outlook (B)			124,000				59,300				250,000				120,000
Change (B-A)			6,000				4,000				10,000				8,000
Percentage revision			5.1	%			7.2	%			4.2	%			7.1	%
Actual results for the fiscal 2006			106,649				50,829				229,075				111,197

[Qualitative information about the outlook for the year ending March 31, 2007]

     Due to solid overseas sales trends, and a revision in the foreign currency exchange rate, we have increased the consolidated and non-consolidated sales outlook announced on April 28, 2006. However, our outlook for the profitability remains unchanged mainly due to the difficulty in forecasting the impact of the rise in the cost of raw materials.

     The above performance outlook has primarily been adjusted from the prior outlook on April 28, 2006 because of a change in exchange rate assumption, 114 yen to US$1 and 143 yen to 1 Euro for the year ending March 31, 2007 (outlook announced previously: 113 yen to US$1 and 140 yen to 1 Euro).

     The prior outlook for the fiscal 2007 announced on April 28, 2006

		Yen (millions)
		For the six months ending				For the year ending
		September 30, 2006				March 31, 2007
Consolidated Basis:
Net sales			118,000				240,000
Operating income			19,000				38,300
Income before income taxes			19,500				39,300
Net income			13,400				27,000
Net income per share (Yen)			—				187.88
Non-consolidated Basis:
Net sales			55,300				112,000
Operating income			7,100				15,400
Ordinary profit			16,100				26,200
Net income			11,300				18,000
Net income per share (Yen)			—				125.25

			3

English Translation of “ZAIMU/GYOSEKI NO GAIKYO” originally issued in the Japanese language

CONDENSED CONSOLIDATED BALANCE SHEETS

		Yen (millions)
		As of				As of				Increase
		March 31, 2006				June 30, 2006				(Decrease)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents			39,054				38,859				(195	)
Time deposits			1,845				3,643				1,798
Marketable securities			47,773				40,569				(7,204	)
Trade receivables—
Notes			1,936				2,752				816
Accounts			46,074				43,456				(2,618	)
Less— Allowance for doubtful receivables			(1,016	)			(1,034	)			(18	)
Inventories			79,821				84,999				5,178
Deferred income taxes			3,661				3,426				(235	)
Prepaid expenses and other current assets			8,621				8,750				129
Total current assets			227,769				225,420				(2,349	)
PROPERTY, PLANT AND EQUIPMENT, at cost:
Land			17,737				17,743				6
Buildings and improvements			55,470				55,243				(227	)
Machinery and equipment			74,501				73,477				(1,024	)
Construction in progress			2,340				2,883				543
			150,048				149,346				(702	)
Less— Accumulated depreciation			(90,845	)			(89,522	)			1,323
			59,203				59,824				621
INVESTMENTS AND OTHER ASSETS:
Investment securities			30,439				27,617				(2,822	)
Deferred income taxes			698				599				(99	)
Other assets			7,929				8,320				391
			39,066				36,536				(2,530	)
			326,038				321,780				(4,258	)

			4

English Translation of “ZAIMU/GYOSEKI NO GAIKYO” originally issued in the Japanese language

CONDENSED CONSOLIDATED BALANCE SHEETS

		Yen (millions)
		As of				As of				Increase
		March 31, 2006				June 30, 2006				(Decrease)
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Short-term borrowings			1,728				2,162				434
Trade notes and accounts payable			13,908				14,121				213
Accrued payroll			8,224				6,365				(1,859	)
Accrued expenses and other			15,224				14,267				(957	)
Income taxes payable			6,701				4,085				(2,616	)
Deferred income taxes			176				126				(50	)
Total current liabilities			45,961				41,126				(4,835	)
LONG-TERM LIABILITIES:
Long-term indebtedness			104				101				(3	)
Accrued retirement and termination benefits			2,901				2,951				50
Deferred income taxes			7,923				7,365				(558	)
Other liabilities			930				961				31
			11,858				11,378				(480	)
MINORITY INTERESTS			1,635				1,720				85
SHAREHOLDERS’ EQUITY:
Common stock			23,805				23,805				—
Additional paid-in capital			45,437				45,437				—
Legal reserve and retained earnings			192,255				194,614				2,359
Accumulated other comprehensive gain			5,345				3,965				(1,380	)
Treasury stock, at cost			(258	)			(265	)			(7	)
			266,584				267,556				972
			326,038				321,780				(4,258	)

			5

English Translation of “ZAIMU/GYOSEKI NO GAIKYO” originally issued in the Japanese language

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

		Yen (millions)
		For the three								For the three																For the year
		months ended								months ended								Increase								ended
		June 30, 2005								June 30, 2006								(Decrease)								March 31, 2006
		(Amount)				(%)				(Amount)				(%)				(Amount)				(%)				(Amount)				(%)
NET SALES			50,221				100.0				61,951				100.0				11,730				23.4				229,075				100.0
Cost of sales			29,625				59.0				36,374				58.7				6,749				22.8				132,897				58.0
GROSS PROFIT			20,596				41.0				25,577				41.3				4,981				24.2				96,178				42.0
Selling, general, administrative and other expenses			4,735				9.4				15,097				24.4				10,362				218.9				50,400				22.0
OPERATING INCOME			15,861				31.6				10,480				16.9				(5,381	)			(33.9	)			45,778				20.0
OTHER INCOME (EXPENSES) :
Interest and dividend income			317				0.6				342				0.6				25				7.9				1,301				0.6
Interest expense			(133)				(0.3	)			(70	)			(0.1	)			63				(47.4	)			(364	)			(0.2	)
Exchange gains (losses) on foreign currency transactions, net			(154)				(0.3	)			15				0.0				169				—				(258	)			(0.1	)
Realized gains on securities, net			189				0.4				339				0.5				150				79.4				2,918				1.3
Other, net			25				0.1				(48	)			(0.1	)			(73	)			—				(232	)			(0.1	)
Total			244				0.5				578				0.9				334				136.9				3,365				1.5
INCOME BEFORE INCOME TAXES			16,105				32.1				11,058				17.8				(5,047	)			(31.3	)			49,143				21.5
PROVISION FOR INCOME TAXES:			484				1.0				3,238				5.2				2,754				569.0				8,732				3.9
NET INCOME			15,621				31.1				7,820				12.6				(7,801	)			(49.9	)			40,411				17.6

			6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

		Yen (millions)
		For the three				For the three				For the year
		months ended				months ended				ended
		June 30, 2005				June 30, 2006				March 31, 2006
Net cash provided by operating activities			2,448				2,368				25,067
Net cash provided by investing activities			12,514				2,252				7,655
Net cash used in financing activities			(9,917	)			(5,043	)			(19,548	)
Effect of exchange rate changes on cash and cash equivalents			18				228				496
Net change in cash and cash equivalents			5,063				(195	)			13,670
Cash and cash equivalents, beginning of period			25,384				39,054				25,384
Cash and cash equivalents, end of period			30,447				38,859				39,054

			7

OPERATING SEGMENT INFORMATION

For the three months ended June 30, 2005
		Yen (millions)
																										Corporate
																										and elimi-				Consoli-
		Japan				Europe				North America				Asia				Other				Total				nations				dated
Sales:
(1) External customers			12,329				20,242				9,294				2,173				6,183				50,221				—				50,221
(2) Intersegment			10,924				1,553				604				8,527				55				21,663				(21,663	)			—
Total			23,253				21,795				9,898				10,700				6,238				71,884				(21,663	)			50,221
Operating expenses			12,199				19,083				9,782				9,232				5,515				55,811				(21,451	)			34,360
Operating income			11,054				2,712				116				1,468				723				16,073				(212	)			15,861

For the three months ended June 30, 2006
		Yen (millions)
																										Corporate
																										and elimi-				Consoli-
		Japan				Europe				North America				Asia				Other				Total				nations				dated
Sales:
(1) External customers			14,152				26,310				11,942				2,440				7,107				61,951				—				61,951
(2) Intersegment			14,354				1,313				1,311				15,089				48				32,115				(32,115	)			—
Total			28,506				27,623				13,253				17,529				7,155				94,066				(32,115	)			61,951
Operating expenses			24,636				24,231				12,909				14,822				6,231				82,829				(31,358	)			51,471
Operating income			3,870				3,392				344				2,707				924				11,237				(757	)			10,480

For the year ended March 31, 2006
		Yen (millions)
																										Corporate
																										and elimi-				Consoli-
		Japan				Europe				North America				Asia				Other				Total				nations				dated
Sales:
(1) External customers			53,788				91,249				47,979				8,645				27,414				229,075				—				229,075
(2) Intersegment			57,826				6,306				4,321				43,979				181				112,613				(112,613	)			—
Total			111,614				97,555				52,300				52,624				27,595				341,688				(112,613	)			229,075
Operating expenses			87,468				85,505				50,437				46,162				25,048				294,620				(111,323	)			183,297
Operating income			24,146				12,050				1,863				6,462				2,547				47,068				(1,290	)			45,778

Note: Segment information is determined by the location of the Company and its relevant subsidiaries.

			8

SUPPORT DOCUMENTATION (CONSOLIDATION)

1. Consolidated results and outlook
		Yen (millions)
		For the three								For the three
		months ended								months ended
		June 30, 2005								June 30, 2006
		(Results)								(Results)
		(Amount)				(%)				(Amount)				(%)
Net sales			50,221				7.8				61,951				23.4
Domestic			9,399				5.7				10,777				14.7
Overseas			40,822				8.3				51,174				25.4
Operating income			15,861				51.8				10,480				(33.9	)
Income before income taxes			16,105				47.3				11,058				(31.3	)
Net income			15,621				128.1				7,820				(49.9	)
Net income per share (Yen)			108.65								54.41
Employees			8,427								8,708

		Yen (millions)
		For the year								For the six								For the year
		ended								months ending								ending
		March 31, 2006								September 30, 2006								March 31, 2007
		(Results)								(Outlook)								(Outlook)
		(Amount)				(%)				(Amount)				(%)				(Amount)				(%)
Net sales			229,075				17.6				124,000				16.3				250,000				9.1
Domestic			41,600				5.6				22,500				12.3				46,000				10.6
Overseas			187,475				20.7				101,500				17.2				204,000				8.8
Operating income			45,778				45.8				19,000				(26.6	)			38,300				(16.3	)
Income before income taxes			49,143				50.7				19,500				(26.4	)			39,300				(20.0	)
Net income			40,411				82.6				13,400				(48.1	)			27,000				(33.2	)
Net income per share (Yen)			281.15							93.24								187.88
Employees			8,629							—								—

Note:		The table above shows the change in the percentage ratio of Net sales, Operating income, Income before income taxes, and Net income against the corresponding period of the previous year.
		Please refer to page 3 for the qualitative information on the outlook for the six months and fiscal year.

			9

2. Consolidated net sales by geographic area
		Yen (millions)
		For the three								For the three								For the year
		months ended								months ended								ended
		June 30, 2005								June 30, 2006								March 31, 2006
		(Results)								(Results)								(Results)
		(Amount)				(%)				(Amount)				(%)				(Amount)				(%)
Japan			9,399				5.7				10,777				14.7				41,600				5.6
Europe			20,098				13.7				26,131				30.0				90,504				20.3
North America			9,184				2.8				11,988				30.5				47,673				23.9
Asia			4,348				(11.0	)			4,621				6.3				16,993				4.0
Other regions			7,192				16.3				8,434				17.3				32,305				27.9
Total			50,221				7.8				61,951				23.4				229,075				17.6

Note:

The table above sets forth Makita’s consolidated net sales by geographic area based on customers location for the periods presented.

3. Exchange rates

Yen

For the three

For the three

For the year

For the year

months ended

months ended

ended

ending

June 30, 2005

June 30, 2006

March 31, 2006

March 31, 2007

(Results)

(Results)

(Results)

(Outlook)

Yen/U.S. Dollar

107.73

114.50

113.32

114

Yen/Euro

135.47

143.82

137.83

143

4. Sales growth in local currency basis (major countries)
		For the three
		months ended
		June 30, 2006
		(Results)
U.S.A.			21.7	%
Germany			34.7	%
U.K			14.1	%
France			13.7	%
China			1.7	%
Australia			2.5	%

5. Production ratio (unit basis)
		For the three				For the three				For the year
		months ended				months ended				ended
		June 30, 2005				June 30, 2006				March 31, 2006
		(Results)				(Results)				(Results)
Domestic			28.6	%			28.5	%			29.4	%
Overseas			71.4	%			71.5	%			70.6	%

			10

6. Consolidated capital expenditures, depreciation and amortization, and R&D cost

Yen (millions)

For the three

For the three

For the year

For the year

months ended

months ended

ended

ending

June 30, 2005

June 30, 2006

March 31, 2006

March 31, 2007

(Results)

(Results)

(Results)

(Outlook)

Capital expenditures

1,977

2,443

11,383

15,500

Depreciation and amortization

1,260

1,484

5,922

6,200

R&D cost

1,192

1,260

4,826

5,000

7. Consolidated cash flows
		Yen (millions)
		For the three				For the three				For the year
		months ended				months ended				ended
		June 30, 2005				June 30, 2006				March 31, 2005
		(Results)				(Results)				(Results)
Net cash provided by operating activities			2,448				2,368				25,067
Net cash provided by investing activities			12,514				2,252				7,655
Net cash used in financing activities			(9,917	)			(5,043	)			(19,548	)

			11