BASF Corporation and UChicago Argonne, LLC Jointly Announce Dismissal of Patent Infringement Litigation Against Makita Corporation
Nov 20 15
BASF Corporation and UChicago Argonne, LLC jointly announced the dismissal of patent infringement litigation against Makita Corporation and its affiliated companies at the International Trade Commission (ITC) and in the U.S. District Court of Delaware. The litigation involved the use of Argonne’s patented nickel cobalt manganese (NCM) cathode material in lithium-ion batteries. In return for dismissal of the litigation by BASF and Argonne, Makita has agreed to drop its present challenges to the validity of the Argonne patents and will respect the Argonne patents in its future NCM purchases. ITC and Federal District Court litigation involving Umicore’s unlicensed use of Argonne’s patented NCM cathode material in lithium-ion batteries is ongoing.
Makita Releases New 18V Lithium-Ion Batteries with On-Board L.E.D. Charge Indicators
Nov 5 15
Makita Releases New 18V Lithium-Ion Batteries with On-Board L.E.D. Charge Indicators Makita has released new 18V Lithium-Ion batteries with on-board L.E.D. charge level indicators. New 18V L.E.D. batteries include the 18V 2.0Ah (BL1820B), 18V 4.0Ah (BL1840B), and the 18V 5.0Ah (BL1850B) Lithium-Ion batteries. Makita has the world's large 18V cordless tool line-up powered by an 18V Lithium-Ion slide-style battery. The new 18V L.E.D. batteries are part of Makita s expanding 18V Lithium-Ion series, which offers 100+ tools and is the cordless tool line-up powered by 18V Lithium-Ion slide-style batteries. Makita 18V Lithium-Ion batteries have the fast charge times in their categories, so they spend more time working and less time sitting on the charger. The new 18V L.E.D. 2.0Ah, 4.0Ah and 5.0Ah batteries will be available as battery-only and included in an increasing number of 18V LXT® Lithium-Ion tool kits. The new 18V L.E.D. batteries are compatible only with Star Protection tools, indicated by the Star Symbol™ and/or Yellow Battery Receiver under the tool. Makita 18V 3.0Ah batteries are not available with on-board L.E.D. charge level indicators at this time. The new 18V L.E.D. batteries as well as all Makita Lithium-Ion Power Tools, Batteries and Chargers are covered by a limited 3-Year Warranty, which warrants them to be free of defects from workmanship and materials for the period of THREE YEARS from the date of original purchase. Makita 18V LXT® Lithium-Ion batteries charge faster and work longer than standard lithium-ion batteries, giving users unmatched performance and productivity to take on the most demanding applications. Makita batteries have category-leading charge times: the 18V 2.0Ah reaches a full charge in only 25 minutes; 18V 3.0Ah in only 30 minutes; 18V 4.0Ah in only 40 minutes; and the 18V 5.0Ah in only 45 minutes. Makita 18V Lithium-Ion batteries are engineered for consistent power and run time in extreme temperatures, even in winter (-4°F/-20°C), and they resist self-discharge so they are ready for use even after long periods of storage. The Makita Rapid Optimum Charger (sold separately) is a smart-charging system that communicates with the battery during the charging process to monitor current, voltage and temperature. This advanced charging technology helps optimize battery life and deliver a faster charge. In addition, the Charger has a built-in fan to cool the battery for faster and more efficient charging, even in hot weather conditions. For improved tool performance and extended battery life, Makita created STAR Protection Computer Controls. STAR Protection is communication technology that allows the tool and battery to exchange data in real time and monitor conditions during use to protect against overloading, over-discharging and overheating.
Makita Corporation Declares Dividend for the Six Months Ended September 30, 2015; Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2015; Revised Consolidated Earnings Guidance for the Year Ending March 31, 2016
Oct 30 15
Makita Corporation declared dividend of JPY 18.00 per share for the six months ended September 30, 2015.
The company reported unaudited consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of JPY 217,187 million compared to JPY 207,642 million a year ago. Operating income was JPY 34,545 million compared to JPY 37,986 million a year ago. Income before income taxes was JPY 30,853 million compared to JPY 37,094 million a year ago. Net income attributable to the company was JPY 21,487 million or JPY 158.30 per basic share compared to JPY 25,505 million or JPY 187.90 per basic share a year ago. Net cash provided by operating activities was JPY 10,170 million compared to JPY 22,829 million a year ago. Capital expenditures, including interest capitalized was JPY 6,177 million compared to JPY 6,807 million a year ago.
For the year ending March 31, 2016, on consolidated basis, the company expects net sales of JPY 416,000 million compared to previous guidance of JPY 400,000 million, operating income of JPY 61,500 million compared to previous guidance of JPY 56,500 million, income before income taxes of JPY 58,000 million compared to previous guidance of JPY 53,000 million, net income attributable to the company of JPY 39,800 million compared to previous guidance of JPY 36,000 million, JPY 293.22 per basic share compared to previous guidance of JPY 265.22, capital expenditures of JPY 13,000 million and depreciation and amortization of JPY 9,200 million.