Edgar Filing: MAKITA CORP

MAKITA CORPORATION

UNITED STATES 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 November, 2007

Commission file number 0-12602

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 Form 20-F or Form 40-F. Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): 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

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

TABLE OF CONTENTS


SIGNATURES
MESSAGE FROM THE MANAGEMENTS
CONSOLIDATED FINANCIAL HIGHLIGHTS
CONSOLIDATED NET SALES BY GEOGRAPHIC AREA
PROFIT RATIO
PRODUCTION BY COUNTRY
SHAREHOLDERS’ EQUITY PER SHARE
NET INCOME PER SHARE
CASH DIVIDEND PER SHARE
CONDENSED CONSOLIDATED BALANCE SHEETS
CONDENSED CONSOLIDATED INCOME STATEMENTS
CONSOLIDATED STATEMENTS OF CASH FLOWS
OPERATING SEGMENT INFORMATION
CONDITION OF SHAREHOLDERS AND SHARES
CORPORATE DATA
INFORMATION ON SHARES

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.


			MAKITA CORPORATION
			(Registrant)
			/s/	Masahiko Goto

				Masahiko Goto President and Representative Director

Date: November 26, 2007

Makita Corporation

The 96th Interim Business Report
Ended September 30, 2007
(U.S. GAAP Financial Information)

(English translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU”

interim business report originally issued in Japanese language

for the benefit and information of shareholders

of the Company’s common stock)

MESSAGE FROM THE MANAGEMENTS

We are pleased to present the outline of operation and financial results for Makita’s 96th interim period, ended September 30, 2007.

Consolidated Net Sales Reached a Record High for Three Consecutive Terms as Interim Period.

Consolidated business results for the interim period were as follows. Net Sales rose 28.5% over the previous years’ midterm period to 169,537 million yen, making the interim period the third consecutive period in which record-high sales were achieved, and the seventh consecutive midterm that showed year-on-year growth.

Sales by region showed the following results.

In Japan, in addition to firm growth of sales in lithium-ion battery products Makita leads our competitors in bringing out as a series, as a consequence of Fuji Robin (now named Makita Numazu Corporation) becoming a fully owned subsidiary in mid-May, an increase of 11.9% over the same period a year earlier was achieved and sales amount was 25,649 million yen.

At the same time, overseas net sales during the period rose 32.1% over the same period the previous year to 143,888 million yen, due to favorable performance in a number of areas, including the launch of high value-added products in response to user needs, such as lithium-ion battery products and hammer drills that incorporate Makita’s proprietary Anti Vibration Technology.

Other contributing factors to the record-high performance during the period were growth in demand in Europe, an increase in business with large-scale retailers in the United States, a rise in sales accompanying growth in the emerging markets of Eastern Europe and Russia as well as Latin America, and advantageous foreign exchange rates influenced by a weaker yen.

A look at overseas net sales by region shows that all markets recorded solid year-on-year growth. In the European market, net sales rose 39.4% to 78,865 million yen, while in the North American market net sales rose 18.1% to 28,942 million yen.

In the Asian market net sales recorded an increase of 12.7%, finishing at 11,021 million yen, and the other markets (the Middle East, Africa, Oceania and Latin America) also recorded year-on-year growth of 38.3%, with net sales of 25,060 million yen.

Regarding profits, an increase in the share of our output originating in China and the weak yen contributed to an improved cost of sales ratio, and operating income were higher than in the midterm period a year earlier by 58.5%, at 33,899 million yen (operating profit ratio, 20%).

Further, before tax adjustments, net midterm profits were up 58.1% to 34,468 million yen (net profit ratio at midterm before tax adjustments, 20.3%), and net profits for the midterm period rose 53.3% year-on-year to 23,596 million yen (midterm net profit ratio, 13.9%).

Globalization of Business and Strengthening the Gardening Tool Area

During the current interim period, we were able to achieve steady progress in the globalization of our business, with our overseas production ratio rising to 76% (on a product unit basis), and the overseas sales ratio climbing to 85% during this period.

In the area of production, in addition to expanding production capacity at our China plants and gradually increasing the scale of production in our Romania plant, which commenced production in April, we also began construction of a second plant in Brazil to boost our product supply capacity in the Latin America market, where demand continues to grow.

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

In the area of sales, we established a sales base in Vladivostok in Russia’s far east where the market is growing, and we made further efforts to strengthen our sales and after-sales service networks in Peru, South America.

In efforts to expand our business to pave the way for future growth, we also made Fuji Robin Industries Ltd. a wholly owned subsidiary to strengthen our foothold in the area of gardening tools, including engine-powered tools.

We believe that boosting the product development capabilities of this company (which possesses its own engine technology in areas such as the mini 4-cycle engine that complies with US gas emissions regulations, which are the world’s strictest), and effectively utilizing our own global sales and after-service network will contribute to increasing our corporate value over the long term.

Issue to be addressed

In terms of the future outlook, a more severe market environment in the United States is expected amid concerns of a slowing in the economy and a decline in the number of new housing starts as the housing market continues to undergo adjustment.

On the other hand, it is necessary for Makita to waste no time in pushing ahead with the globalization of production, to accommodate the growing demand in emerging markets such as Eastern Europe and Russia, the Middle East, Africa, and Latin America, where demand at present is robust.

As part of our efforts to respond to these growing markets, we are expanding plant facilities in China and Romania as well as constructing a second plant in Brazil.

In view of these factors, the Makita group aims to become a strong company by establishing brand power that no other company will be able to match. We will achieve this goal by further strengthening our global production network, which combines new product development expertise and a level of quality that commands a high level of satisfaction among professional users, with cost competitiveness, and by further enhancing our sales and after-care services, which are second to none in Japan or overseas.

In essence, we aim to acquire and maintain top market share as a comprehensive international supplier of tools in every region of the world, in both professional power tools and the gardening and pneumatic tool sectors.

The Interim Dividends of 30 Yen Per Share

Makita’s basic policy on the distribution of profits is to maintain a dividend payout ratio of at least 30%, with a lower limit on annual cash dividends of 18 yen per share.

For the interim period under review, Makita declared to pay a dividend of 30 yen per share, augmented 5 yen to the dividend per share as announced in April 2007.

Based on its dividend policy, Makita’s Board of Directors will decide on proposals for the dividend for the end of the fiscal year at their meeting to approve the financial statements after they are finalized near the end of April 2008. Their proposals will be presented for discussion and final approval at the Ordinary General Meeting of Shareholders.

We look forward to the continuing support and cooperation of our shareholders.


		November 2007


		Masahiko Goto President and Representative Director

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

CONSOLIDATED FINANCIAL HIGHLIGHTS



	Yen (millions)
	For the six months ended		For the six months ended		For the six months ended		Rate of		For the
	September 30,		September 30,		September 30,		change		year ended
	2005		2006		2007		(%)		March 31, 2007
Net Sales		106,649		131,891		169,537		28.5		279,933
Operating Income		25,897		21,387		33,899		58.5		48,176
Operating Income to Net Sales Ratio		24.3%		16.2%		20.0%				17.2%
Income before Income Taxes		26,504		21,796		34,468		58.1		49,323
Net Income		25,807		15,390		23,596		53.3		36,971
Net Income to Net Sales Ratio		24.2%		11.7%		13.9%				13.2%

	As of September 30,		As of September 30,		As of September 30,		Rate of change		As of
	2005		2006		2007		(%)		March 31, 2007
Shareholders’ Equity		245,579		279,374		320,144		14.6		302,675
Total Assets		298,978		340,176		393,148		15.6		368,494
Shareholders’ Equity Ratio to Total Assets (%)		82.1%		82.1%		81.4%				82.1%

	For the six months		For the six months		For the six months		Rate of		For the
	ended September 30,		ended September 30,		ended September 30,		change		year ended
	2005		2006		2007		(%)		March 31, 2007
Capital Expenditures		4,856		4,873		7,161		47.0		12,980
Depreciation and Amortization		2,658		3,715		3,879		4.4		8,773
Research and Development Cost		2,345		2,605		2,826		8.5		5,460
Employees		8,557		9,077		10,093		11.2		9,062
Average Number of Shares Outstanding		143,757,513		143,709,479		143,725,286				143,706,789
Net Income per Share		179.5		107.1		164.2		53.3		257.3
Cash Dividends per Share		19.0		19.0		30.0				74.0

Notes:
1.		Consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States.
2.		In principle, amounts of less than 1 million yen have been rounded.

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

CONSOLIDATED NET SALES BY GEOGRAPHIC AREA



	Yen (billions)
	For the six months ended
	September		March 31,		September		March 31,		September
	30, 2005		2006		30, 2006		2007		30, 2007
Japan		20.0		21.6		22.9		24.0		25.6
Europe		41.8		48.7		56.6		67.4		78.9
North America		20.6		27.0		24.5		27.0		28.9
Asia		8.5		8.5		9.8		9.6		11.0
Other Regions		15.7		16.6		18.1		20.0		25.1


Total		106.6		122.4		131.9		148.0		169.5

Note:

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

PROFIT RATIO



	%
	For the six months ended
	September		March 31,		September		March 31,		September
	30, 2005		2006		30, 2006		2007		30, 2007
Operating Income to Net Sales Ratio		24.3		16.2		16.2		18.1		20.0
Net Income to Net Sales Ratio		24.2		11.9		11.7		14.6		13.9

PRODUCTION BY COUNTRY



	Million units
	For the six months ended
	September		March 31,		September		March 31,		September
	30, 2005		2006		30, 2006		2007		30, 2007
Japan		2.03		2.15		2.43		2.36		2.51
U.K.		0.71		0.66		0.80		0.90		0.66
U.S.A.		0.54		0.52		0.44		0.42		0.61
China		3.28		3.29		4.53		4.54		5.97
Other		0.48		0.55		0.54		0.57		0.69

Total		7.04		7.17		8.74		8.79		10.44

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

SHAREHOLDERS’ EQUITY PER SHARE



	Yen
	As of
	September		March 31,		September		March 31,		September
	30, 2005		2006		30, 2006		2007		30, 2007
Shareholders’ Equity per Share		1,709		1,855		1,944		2,106		2,227

NET INCOME PER SHARE



	Yen
	For the year ending		For the year ending		For the year ending		For the year ending		For the year ending
	March 31, 2004		March 31, 2005		March 31, 2006		March 31, 2007		March 31, 2008
Net Income per Share for the Interim Period		34.3		90.0		179.5		107.1		164.2
Net Income per Share for the Year		53.2		153.9		281.1		257.3		-

CASH DIVIDEND PER SHARE

Yen

For the year ending

March 31, 2004

March 31, 2005

March 31, 2006

March 31, 2007

March 31, 2008

Cash dividend per Share for the Interim Period

Cash dividend per Share for the Year

Undecided

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

(MAKITA LOGO)

CONDENSED CONSOLIDATED BALANCE SHEETS



	Yen(millions)
	As of			As of			Increase
	March 31, 2007			September 30, 2007			(Decrease)

ASSETS
CURRENT ASSETS:
Cash and Cash Equivalents		37,128			35,686			(1,442	)
Time Deposit		6,866			6,616			(250	)
Marketable Securities		58,217			54,215			(4,002	)
Notes Receivable in Trade		3,125			3,470			345
Accounts Receivable in Trade		54,189			62,144			7,955
Less- Allowance for Doubtful Receivables		(869	)		(1,015	)		(146	)
Inventories		92,800			107,118			14,318
Deferred Income Taxes		5,080			5,315			235
Prepaid Expenses and Other Current Assets		9,963			10,901			938

Total Current Assets		266,499			284,450			17,951


PROPERTY, PLANT AND EQUIPMENT
Land		16,732			18,898			2,166
Buildings and Improvements		57,242			61,691			4,449
Machinery and Equipment		74,087			77,683			3,596
Construction in Progress		5,576			4,993			(583	)
Less-Accumulated Depreciation		(90,257	)		(92,873	)		(2,616	)

Total Property, Plant and Equipment		63,380			70,392			7,012


INVESTMENTS AND OTHER ASSETS
Investment in Securities		27,279			23,860			(3,419	)
Deferred Income Taxes		1,367			1,491			124
Other Assets		9,969			12,955			2,986

Total Investments and Other Assets		38,615			38,306			(309	)

TOTAL ASSETS		368,494			393,148			24,654

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

(MAKITA LOGO)

CONDENSED CONSOLIDATED BALANCE SHEETS



	Yen (millions)
	As of			As of			Increase
	March 31, 2007			September 30, 2007			(Decrease)

LIABILITIES
CURRENT LIABILITIES:
Short-term Borrowings		1,892			1,111			(781	)
Trade Notes and Accounts Payable		16,025			21,717			5,692
Accrued Payroll		8,571			8,728			157
Accrued Expenses and Other		17,353			18,145			792
Income Taxes Payable		10,447			8,941			(1,506	)
Deferred Income Taxes		28			5			(23	)

Total Current Liabilities		54,316			58,647			4,331


LONG-TERM LIABILITIES:
Long-term Indebtedness		53			931			878
Accrued Retirement and Termination Allowances		3,227			4,095			868
Deferred Income Taxes		4,976			4,958			(18	)
Other Liabilities		1,112			2,084			972

Total Long-term Liabilities		9,368			12,068			2,700

Total Liabilities		63,684			70,715			7,031

MINORITY INTERESTS		2,135			2,289			154


SHAREHOLDERS’ EQUITY:
Common Stock		23,805			23,805			-
Additional Paid-in Capital		45,437			45,750			313
Legal Reserve and Retained Earnings		221,034			236,727			15,693
Accumulated Other Comprehensive Income		12,697			14,108			1,411
Treasury Stock, at cost		(298	)		(246	)		52

Total Shareholders’ Equity		302,675			320,144			17,469

TOTAL LIABILITIES, MINORITY INTERSTS AND SHAREHOLDERS’ EQUITY		368,494			393,148			24,654

Note:

Consolidated subsidiaries: 47 subsidiaries as of September 30, 2007

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

(MAKITA LOGO)

CONDENSED CONSOLIDATED INCOME STATEMENTS



	Yen (millions)
	For the six months			For the six months
	ended September 30,			ended September 30,			Increase
	2006			2007			(Decrease)
							(Amount)			(%)

NET SALES		131,891			169,537			37,646			28.5
Cost of Sales		77,343			98,847			21,504			27.8

GROSS PROFIT		54,548			70,690			16,142			29.6
Selling, General and Administrative Expenses		33,161			36,791			3,630			10.9

OPERATING INCOME		21,387			33,899			12,512			58.5

OTHER INCOME
Interest and Dividend Income		569			1,022			453			79.6
Interest Expense		(163	)		(166	)		(3	)		-
Exchange losses on Foreign Currency Transactions, net		(193	)		(125	)		68			-
Realized Gains on Securities, net		311			8			(303	)		(97.4	)
Other, net		(115	)		(170	)		(55	)		-

Total Other Income		409			569			160			39.1

INCOME BEFORE INCOME TAXES		21,796			34,468			12,672			58.1

PROVISION FOR INCOME TAXES
Current		7,230			10,168			2,938			40.6
Deferred		(824	)		704			1,528			-

Total Provision for Income Taxes		6,406			10,872			4,466			69.7

NET INCOME		15,390			23,596			8,206			53.3

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

CONSOLIDATED STATEMENTS OF CASH FLOWS



	Yen (millions)
	For the six months			For the six months
	ended September 30,			ended September 30,
	2006			2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income		15,390			23,596
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and Amortization		3,715			3,879
Deferred Income Taxes		(824	)		704
Realized Gains on Securities, net		(311	)		(8	)
Losses on Disposals or Sales of Property, Plant & Equipment		464			199
Impairment of Long-lived Assets		1,131			-
Changes in Assets and Liabilities
Inventories		(6,365	)		(9,436	)
Trade Notes and Accounts Payables and Accrued Expenses		34			(2,127	)
Income Taxes Payable		100			(2,316	)
Accrued Retirement and Termination Benefits		(911	)		(1,043	)
Other, net		996			355

Net Cash Provided by Operating Activities		13,419			13,803

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures		(4,873	)		(7,161	)
Purchases of Available-for-sale Securities		(14,046	)		(12,483	)
Purchases of Held-to-maturity Securities		(200	)		-
Proceeds from Sales and Maturities of Available-for-sale Securities		8,108			15,516
Proceeds from Maturities of Held-to-maturity securities		1,100			500
Proceeds from Sales of Property, Plant and Equipment		60			9
Decrease (increase) in Time Deposits		(3,046	)		274
Cash Paid for Acquisition of Business		(649	)		(2,030	)
Other, net		(657	)		425

Net Cash Used in Investing Activities		(14,203	)		(4,950	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in Short-term borrowings		1,609			(1,975	)
Purchase and Sales of Treasury stock		(17	)		(33	)
Cash Dividends Paid		(5,461	)		(7,904	)
Other, net		(109	)		(135	)

Net Cash Used in Financing Activities		(3,978	)		(10,047	)

EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		1,010			(248	)

NET CHANGE IN CASH AND CASH EQUIVALENTS		(3,752	)		(1,442	)
CASH AND CASH EQUIVALENTS, Beginning of Period		39,054			37,128

CASH AND CASH EQUIVALENTS, End of Period		35,302			35,686

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

OPERATING SEGMENT INFORMATION

Six months ended September 30, 2006



	Yen (millions)
					North								Corporate and			Consoli-
	Japan		Europe		America		Asia		Other		Total		eliminations			dated
Sales:
(1) External Customers		30,497		57,050		24,386		4,864		15,094		131,891		-			131,891
(2) Inter Segment		30,883		2,763		2,704		32,482		88		68,920		(68,920	)		-

Total		61,380		59,813		27,090		37,346		15,182		200,811		(68,920	)		131,891

Operating Expenses		53,462		52,062		26,001		31,975		13,457		176,957		(66,453	)		110,504
Operating Income		7,918		7,751		1,089		5,371		1,725		23,854		(2,467	)		21,387
Identifiable Assets		247,919		94,315		42,314		45,929		23,975		454,452		(114,276	)		340,176

Six months ended September 30, 2007



	Yen (millions)
					North								Corporate and			Consoli-
	Japan		Europe		America		Asia		Other		Total		eliminations			dated
Sales:
(1) External Customers		35,281		78,871		28,792		5,511		21,082		169,537		-			169,537
(2) Inter Segment		34,085		2,707		2,342		48,684		106		87,924		(87,924	)		-

Total		69,366		81,578		31,134		54,195		21,188		257,461		(87,924	)		169,537

Operating Expenses		57,352		68,485		30,016		47,603		18,240		221,696		(86,058	)		135,638
Operating Income		12,014		13,093		1,118		6,592		2,948		35,765		(1,866	)		33,899
Identifiable Assets		264,846		122,170		43,035		56,020		29,036		515,107		(121,959	)		393,148

Note:

Segment information is determined by the location of the Company and its consolidated subsidiaries.

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

(MAKITA LOGO)

CONDITION OF SHAREHOLDERS AND SHARES

(As of September 30, 2007)



Total Number of Shares Authorized		496,000,000 shares

Total Number of Shares Outstanding		144,008,760 shares

Number of Shareholders		12,289 (1,670 increase compared with as of March 31, 2007)

10 Largest Shareholders


Name of Shareholder	Number of Shares Held
	Units (thousand)		%
Japan Trustee Services Bank, Ltd. (Trust account)		12,431		8.63
The Master Trust Bank of Japan, Ltd. (Trust account)		8,019		5.57
The Bank of Tokyo-Mitsubishi UFJ, Ltd.		5,213		3.62
Makita Cooperation Companies’ Investment Association		3,753		2.61
Nippon Life Insurance Company		3,713		2.58
Maruwa Co., Ltd.		3,309		2.30
Sumitomo Mitsui Banking Corporation		2,900		2.01
Statestreet Bank and Trust Company #505103		2,897		2.01
National Mutual Insurance Federation of Agricultural Cooperatives		2,531		1.76
Hero & Co.		2,356		1.64

Total		47,122		32.72


Note:		Hero & Co. is the nominal holder of the shares of The Bank of New York, the trustee bank for the Company’s American Depositary Shares.

Distribution of Share-ownership


Class of Shareholder	Number of Shares Held
	Units		%
Financial Institutions and Securities Firms		57,956,240		40.2
Japanese Individuals and Other		23,426,373		16.3
Foreign Investors		45,115,099		31.3
Other Japanese Business Corporations		17,278,762		12.0
Treasury Stock		232,286		0.2


Class of Shareholder	Number of Shareholders
	Units		%
Financial Institutions and Securities Firms		156		1.3
Japanese Individuals and Other		11,313		92.0
Foreign Investors		430		3.5
Other Japanese Business Corporations		389		3.2
Treasury Stock		1		0.0

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

Price per Share and Volume of Shares Traded on The Tokyo Stock Exchange


	2007
	April		May		June		July		August		September
High (yen)		4,600		5,060		5,650		5,820		5,680		5,080
Low (yen)		4,210		4,540		4,920		5,010		4,030		4,130
Volume (thousand shares)		10,926		17,755		15,039		12,569		27,195		15,500


Note:	The highest price, lowest price, and total volume of shares traded on The Tokyo Stock Exchange for the six months ended September 30, 2007 were as follows:
	The highest price per share:	5,820 yen marked on July 20, 2007
	The lowest price per share:	4,030 yen marked on August 17, 2007
	Total volume of shares traded:	98,984 thousand shares

Basic policy regarding profit distribution
Makita’s basic policy on the distribution of profits is to maintain a dividend payout ratio of 30% or greater, with a lower limit on annual cash dividends of 18 yen per share. However, in the event special circumstances arise, computation of the amount of dividends will be based on consolidated net income after certain adjustments. With respect to repurchases of its outstanding shares, Makita aims to implement a flexible capital policy, augment the efficiency of its capital employment, and thereby boost shareholder profit. Also Makita continues to consider execution of own share repurchases in light of trends in stock prices.

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

CORPORATE DATA

(As of September 30, 2007)

Makita Corporation
3-11-8, Sumiyoshi-cho, Anjo, Aichi 446-8502, Japan
Phone: (0566) 98-1711
Website: http://www.makita.co.jp/global


Date of founding	March 21, 1915

Date of incorporation	December 10, 1938

Paid-in Capital	24,206 million yen (non-consolidated)

Description of business	Production and sales of electric power tools, air tools, garden tools and household tools

Number of consolidated subsidiaries	47(Domestic 4, Overseas 43)

Plants	Three in Japan, eight outside of Japan (two in China, and one each in the United States, Canada, Brazil, the United Kingdom, Germany and Romania)

Employees	10,093 (consolidated) 2,978 (non-consolidated)

Board of Directors
President and Representative Director	Masahiko Goto

Managing Directors	Masami Tsuruta	(General Manager of Domestic Sales Marketing Headquarters)

	Yasuhiko Kanzaki	(General Manager of International Sales Headquarters:
		in charge of Europe Region)

Directors	Kenichiro Nakai	(General Manager of Administration Headquarters)

	Tadayoshi Torii	(General Manager of Production Headquarters)

	Tomoyasu Kato	(General Manager of Development and Engineering Headquarters)

	Shiro Hori	(General Manager of International Sales Headquarters:
		in charge of America, Asia, Oceania Region and International Administration)

	Tadashi Asanuma	(General Manager of Domestic Sales Marketing Headquarters: in charge of Tokyo Area)

	Hisayoshi Niwa	(General Manager of Quality Headquarters)

	Zenji Mashiko	(General Manager of Domestic Sales Marketing Headquarters: in charge of Nagoya Area)

	Toshio Hyuga	(General Manager of Domestic Sales Marketing Headquarters: in charge of Osaka Area)

	Shinichiro Tomita	(Assistant General Manager of Production Headquarters: in charge of China Plant)

	Tetsuhisa Kaneko	(General Manager of Purchasing Headquarters)

Outside Director	Motohiko Yokoyama	(President and Representative Director of JTEKT Corporation)
Board of Statutory Auditors
Standing Statutory Auditors	Akio Kondo

	Hiromichi Murase

Statutory Auditors	Shoichi Hase	(Outside Auditor, Patent Attorney)

	Masahumi Nakamura	(Outside Auditor, Certified Accountant)

Independent Registered Public Accounting Firm
KPMG AZSA & Co.

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

INFORMATION ON SHARES

(As of September 30, 2007)


Fiscal period		From April 1 to March 31 of each year

Ordinary general meeting of shareholders		June of each year

Number of shares constituting one unit		100 shares

Record dates		1) Ordinary general meeting of shareholders and cash dividends for the second half March 31 of each year

		2) Cash dividends for the interim period September 30 of each year

Transfer agent of common stock		The Chuo Mitsui Trust and Banking Company, Limited 33-1, Shiba 3-chome, Minato-ku, Tokyo 105-8574, Japan

Its handling office		The Chuo Mitsui Trust and Banking Company, Limited Nagoya Branch Office 15-33, Sakae 3-chome, Naka-ku, Nagoya, Aichi 460-8685, Japan Website: http://www.chuomitsui.co.jp/person/p_06.html

Its liaison offices		Head office and nationwide branch offices of The Chuo Mitsui Trust and Banking Company, Limited
		Head office and nationwide branch offices of Japan Securities Agents, Ltd.

Means of public notice		Website: http://www.makita.co.jp/ir/index1.htm

Common stock listings		Domestic Tokyo and Nagoya stock exchanges (stock code: 6586)
		Overseas American Depositary Receipts: The Nasdaq Global Select Market

English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese language

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