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makita corp (6586) Details

Makita Corporation produces and sells electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The company offers drills, grinders and sanders, rotary hammers and hammer drills, cordless impact drivers, cutters, circular saws, fastening and impact drilling/demolition products, planing/routering products, outdoor power equipment, and dust extraction products, as well as accessories. It markets its products under the Makita or Maktec brands in Japan, Europe, North America, Asia, and internationally. The company was formerly known as Makita Electric Works, Ltd. and changed its name to Makita Corporation in April 1991. Makita Corporation was founded in 1915 and is headquartered in Anjo, Japan.

Founded in 1915

makita corp (6586) Top Compensated Officers

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makita corp (6586) Key Developments

Makita Releases Three New Laser Instruments Engineered for Precision and Efficiency

Makita has released three new laser instruments engineered for precision and efficiency: the Self-Leveling Combination Cross-Line/Point Laser (model SK103PZ), as well as the Laser Distance Measure 164’ (LD050P) and Laser Distance Measure 262’ (LD080P). Makita Self-Leveling Combination Cross-Line/Point Laser (model SK103PZ): The new SK103PZ gives contractors one instrument for all laser needs within a 50’ distance range requirement. The SK103PZ provides all possible reference lines required in leveling, aligning, plumbing, and squaring applications. The Combination Cross-Line & Point Laser capability of SK103PZ will eliminate the users need to invest in various multi-directional laser types that would otherwise have to be purchased and handled separately. A key feature is the laser line capacity, and the laser line fan length spans well past the 90 degree point position to provide a 180 degree horizontal line and 120 vertical line for full reference line coverage. Accuracy is vital in the measurement phase of construction, and the SK103PZ has a line and point accuracy of +/- 1/8” error rate at 30'. The SK103PZ also has key durability features including rubber over-molding, laser glass inset, and a pendulum lock to protect the laser diode during storage. The pendulum lock also allows for sloped applications. Laser Distance Measure 164’ (LD050P) and Laser Distance Measure 262’ (LD080P): Makita’s two new distance measuring instruments offer a fast and convenient solution to distance measuring applications that would otherwise require multiple steps to achieve. Compared to conventional tape measuring methods, laser distance measures provide unmatched levels of productivity and sophistication to various measuring applications. The LD050P has a distance operating range of up to 164’ with an accuracy of +/- 5/64”. It provides both unit standards of measurement and 7 measurement functions: distance, area, volume, permanent, min/max, add/subtract & Pythagoras (2 point), and Pythagoras (3 point). The LD080P has a distance operating range of 262’ with an accuracy of +/- 1/16”, with both unit standards of measurement. In addition to the 7 measurement functions of the LD050P, the LD080P also offers stake-out and Pythagoras (partial height) for increased versatility. Both measurement tools are equipped with an industry standard Type 635nm/Class II Laser and will provide up to 5,000 hours of run time on a single charge (AAA batteries sold separately).

Makita Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Outlook for the First Half and Full Year of 2016; Provides Dividend Outlook for the First Half of 2016

Makita Corporation reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the period, the company’s net sales were ¥107,574 million against ¥101,754 million a year ago. Operating income was ¥17,338 million against ¥17,557 million a year ago. Income before income tax was ¥14,809 million against ¥17,244 million a year ago. Net income attributable to company was ¥10,894 million against ¥11,701 million a year ago. Net income per basic share attributable to company common shareholders was ¥80.26 against ¥86.20 a year ago. Net cash provided by operating activities was ¥2,834 million against ¥5,979 million a year ago. Capital expenditures, including interest capitalized were ¥3,206 million against ¥4,379 million a year ago. For the six months ending September 30, 2015, the company expects net sales of ¥200,800 million, operating income of ¥29,500 million, Income before income tax of ¥27,900 million and Net income attributable to company of ¥19,000 million or ¥139.98 per share. For the year ending March 31, 2016, the company expects net sales of ¥400,000 million, operating income of ¥56,500 million, Income before income tax of ¥53,000 million and Net income attributable to company of ¥36,000 million or ¥265.22 per share. Capital expenditures expects at ¥14,500 million and Depreciation and amortization expects at ¥9,200 million. For the first half of 2016, the company expects to pay interim dividend of ¥18 per share.

Makita Corporation, Board Meeting, Jul 31, 2015

Makita Corporation, Board Meeting, Jul 31, 2015. Agenda: To consider subscription requirements for issuing the stock acquisition rights as stock-compensation-type stock options for its Directors.


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