Corporate
Profile2023

www.makita.biz

3-11-8, Sumiyoshi-cho, Anjo, Aichi 446-8502, Japan
Phone: +81-566-98-1711 Fax: +81-566-98-5580

Pursuing a “Strong Company” by Evolving Makita into
Long-term Target

a Supplier of a Comprehensive Range of Cordless Products

Strong Company
Makita has set itself the goal of contributing to the creation ofsustainable society and consolidating a strong position in theindustry worldwide as a global supplier of a comprehensive
range of tools for creating comfortable homes and living
environments, including cordless power tools, battery-operated
outdoor power equipment and pneumatic tools.

Since Makita’s founding in 1915, the Company has been devoted to providing products and services desired by its
customers while upholding a hands-on approach to management. This tradition has remained unchanged all throughthe past 108 years. Looking back at the history of Makita, I understand that the Company could not have expanded its
business to the present level without the support and cooperation from its customers, business partners, and otherstakeholders around the world.
Currently, Makita is focusing on making its products cordless/engine-less by utilizing its proprietary recharge-control
and motor technologies, and is working to evolve into a supplier of a comprehensive range of cordless products,
including not only power tools but also outdoor power equipment (OPE), cleaning equipment, and outdoor products.
Our strength lies in our worldwide sales and service network, and we have established a system to ensure prompt andstable distribution and repair services.
We will continuously work to solve social issues, including environmental problems and labor shortages, andcontribute to the improvement of our customers' work environment and work efficiency, as well as the realization of asustainable, decarbonized society.
We will continue to take on a variety of new challenges so that we will be able to sustain our business under any kindof business environment. We aim to realize our long-term goal of becoming a "Strong Company" based on our core
principles of “Makita strives to exist in harmony with society,” “Makita values its customers,” “Makita is managed in aconsistent and proactive manner” and “Valuing a stalwart corporate culture, Makita encourages each individual toperform to his or her highest level.”
President, Representative Director

Management Policy / Quality Policy
1. Makita strives to exist in harmony with society (a company
that observes laws and regulations, acts ethically and neverallows intervention of the anti-social organizations).
2. Makita values its customers (a market-driven company).
3. Makita is managed in a consistent and proactive manner(a company that strives to exist in perpetuity by adhering to asound profit structure).
4. Valuing a stalwart corporate culture, Makita encourages eachindividual to perform to his or her highest level (a happycompany).

Munetoshi Goto

1915

1958

1969

1978

1991

1997

2015

2019

Founded Makita Electric
Works

Transformed into a power
tool manufacturer

The birth ofbattery-powered tools

Launched our first nickel
cadmium battery tool

Redesigned the corporate
image

Launched the world’s first productusing a nickel hydride battery

Celebrated the 100-year
anniversary of our founding

Launched the Li-ion 40Vmax
seriesBegan selling and repairing lighting
equipment, motors, and transformers
as a sole proprietorship in Nagoya City.

Took on the major challenge ofdeveloping original products. Launched
portable electric planer (1000), first of its
kind produced in Japan, and began ourjourney as a power tool manufacturer.

Launched a battery-powered drill (6500D),
our first cordless power tool.

Launched a 10mm rechargeable drill(6010D) using nickel cadmium batteries,
and took theopportunity for rapid
expansion into thecordless tool market.

Changed the trade name to Makita
Corporation and redesigned thesymbol mark and corporate logo in theaim of creating a new Makita.

Launched our firstnickel hydride battery
tool (6213D), a 12V
rechargeable
driver-drill.

Renewed our heartfelt determination
for Makita to continue for the next
century.

Launched a series of cordless tools with higher
power, longer lifespans, and higher durability thanconventional cordless versions. Continued to further
technological innovation by outfitting systems tooptimize charging/discharging.

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1938

1962

1970

1985

1993

2005

2022

Incorporated as Makita
Electric Works, Inc.

Name change and public
offering

The first step toward a global
strategy

Further striving to be a
global corporation

Makita’s First Year of
the Environment

Launched a lithium-ion battery
product

Terminated production ofengine-powered equipment

Incorporated the proprietorshipand established Makita ElectricWorks, Inc.

Changed the trade name to Makita
Electric Works, Ltd., went public, andlisted the company in the 2nd Section of
the Nagoya Stock Exchange.

Established Makita U.S.A. Inc. in the United States, ourfirst overseas subsidiary. Thereafter, continued to grow
Makita into a global company by expanding into
France, the United Kingdom, Australia, and beyond.

Began full-scale, on-sitemanufacturing at an overseas
subsidiary for the first time

In 1993, Established Makita (China) Co.,
Ltd. in China and began manufacturing
since 1995. This company would later
serve as our core manufacturing base.

Launched the environmental
committee. Published Makita’s
Global Environment Charter anddeclared the intent toproactively promote
environmental
preservation
activities.

Ahead of the industry, launched
the cordless impact driver(TD130D), our first lithium-ion
battery tool for professionals.
Reduced running costs bydownsizing and lightning of
power tools and extending
battery life.

Accelerated the replacement of engine-powered
products with cordless products. Terminated the
production of engine-powered equipment tohelp promote decarbonization.

In 1984, Established a subsidiary manufacturing
company (Makita Corporation of America) in the
United States and began full-scale, on-sitemanufacturing overseas since 1985.

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Makita was born in 1915 as a motor sales and repair company. We went on to become the first company in Japan to
manufacture and sell portable electric planers, and since then we have worked to build a steady position as amanufacturer of power tools. Today, we are continuing to evolve as a supplier of a comprehensive range of cordlessproducts as we develop our sales, services, and manufacturing network around the world.

M ak ita at a glance

Employees working
in Japan

3,399

Revenue

764.7

Employees working
overseasbillion yen

15,405

Operating profit

28.2
billion yen

Operatingprofit ratio

336

Oceania

Central andSouth America

47.3 billion yen

92.1 %

Number of Sales and Services Bases

3.7％
58.6 billion yen

Overseas production
ratio

Head Office

The Middle
East and Africa

14.5 billion yen

bases

Sales and Production
Subsidiaries

Service Centers

Production Subsidiaries

Technology Development Subsidiary

Sales Subsidiaries

Procurement Subsidiary

Sales Subsidiary BranchesJapan

123.0 billion yen

FemaleemployeesMale
employees

6,173

12,631

Asia

53.3 billion yen
North America

119.0 billion yen

Overseas revenue ratio

83.9 %

Europe349.0 billion yen

108 years in businessCorporate Data

Makita was founded in
1915 as a motor sales
and repair company.

Corporate Name

Makita Corporation

Head Office

3-11-8, Sumiyoshi-cho, Anjo, Aichi 446-8502, Japan
Phone : +81-566-98-1711

Representative
Directors

Chairman Masahiko Goto
President Munetoshi Goto

Paid-in Capital¥24,205,610 thousand

Date of Founding

March 21, 1915

Number of Employees
18,804(consolidated basis)

Stock Exchanges that
Makita is Listed on

Tokyo Stock Exchange the Prime Market
Nagoya Stock Exchange the Premier Market

Consolidated
Subsidiaries

53

as of March 31, 2023

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4

Gardening

Makita’s Description of Business

In Harmony with Nature, Seeking a Richer Way of LifeAs a global supplier of a comprehensive range of tools for creating comfortable homes and living environments,
Makita meets the diverse needs of our customers with a wide-ranging product lineup focused on cordless products
like power tools and OPE. Thanks to our strengths of high inter-compatibility and a rich lineup of products, a single
battery can be applied to many different Makita products.

For everything from light gardening to demanding professional labor, Makita has a wide
range of product lines that support the creation of lush, verdant living environments. With
the aim of existing in harmony with the environment, we are proactively developing
cordless OPE that rivals the power of engine-powered equipment but with no gas
emissions, no fuel requirements, simple startup, and much lower noise.

Construction and building
Direct Support for Housing Construction

Cordless
Angle Grinder

Our products are used in residential and commercial construction sites,
factories, and a variety of other locations. In 1958, Makita became the firstcompany in Japan to manufacture and sell portable electric planers. Since then,we have been working to develop unique technology and provide a rich lineup
with well-established technical capabilities so we can enable more comfortable
work in drilling, fastening, cutting, polishing, and other operations.

Cordless Jig Saw

Cordless Mixer

Cordless
Pruning Saw

Cordless Power Cutter

Cordless Lawn Mower

Cordless Backpack Mist Blower

Cordless Blower Vacuum

Cordless Pruning Shears

For making Environment in and around the workplace
comfortable, For outdoor events, For disaster preparedness.
We have also expanded our product lines that enable comfortable on-site
work. At the same time, they can be useful in outdoor activities anddisaster preparedness as well as on-site.
Cordless Vacuum Cleaner

Cordless Combination Hammer
Ground Trimmer Attachment

Cleaning

Accessories

To meet the needs of professionals who are engaged in cleaning work notonly at construction sites but also offices, stores, and warehouses, we offer awide range of products with features such as greater maneuverability, higher
suction power and durability, and lower noise.

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Cordless Backpack
Vacuum Cleaner

Cordless Cleaner

Robotic Cleaner

Cordless Microwave
Cordless Cooler & Warmer Box

Cordless High
Pressure Washer

Cordless Fan

Cordless Worklight6

Pro duc t M anufac turing

Contribution to S olving S o cial Challenges

Through our integrated network of development, manufacturing, and sales services around Japan and the world,
Makita will continue to deliver high-quality, industry-leading services along with products that aptly meet global userneeds.

Through the provision of its products and services, Makita helps to solve environmental and other social problems andcontributes to the achievement of a sustainable society.
We build and maintain exhaustive service and sales networks all over the globe in order to strengthen our system toensure prompt and stable distribution and repair services. Through these approach, we will work to achieve
decarbonization while helping to reduce the burden on worksites around the world.

Product Development,
Quality Assurance

Industry-Leading Product Development Capabilities
We were quick to adopt lithium-ion batteries for professional power tools,
and we have the industry-leading capabilities for product development todevelop them into a series of products.
We design products with consideration for safety, design sophistication,
the user's work environment, and the global environment, and by utilizing
advanced technologies, such as CAE analysis, we have further
strengthened our unique expertise that we have cultivated over the years
to build Makita into a trusted brand.

Building Cities and Infrastructure Around the World
Through the sales of power tools and OPE for use at building andconstruction sites, Makita contributes to the building of cities andinfrastructures around the world.
As we were permitted to continue our business activities in many
regions as an essential business even under lockdown, our products areindispensable in building richer communities and lifestyles.

A System that Guarantees Quality, from Design to Mass Production
We have built a system that guarantees quality in all processes fromdesign to mass production. During development, we emphasize
designing-in and adopt design that prevents the occurrence of defects.
Then, we perform evaluation from perspectives such as laws andregulations, functionality, and durability, and confirm that the productwill satisfy our customers.

Production

Uniform Quality in Craftsmanship
Because we can efficiently manufacture products of stable quality, wedevelop in-house robots and share expertise on mass production
between factories. While working to save manpower at manufacturing
sites, our craftsmanship has evolved to produce products of uniform
quality, no matter where they are made or by whom.

Improvement of Customer Work Efficiency
and Productivity
Compared to AC products with cords, cordless products offer such
advantages as higher work efficiency and ease of use due to the absenceof cords, and also help to prevent on-site accidents, including thosecaused by stumbling over power cords.
Since cordless products can be used in places without any powersources, they can improve productivity at worksites.

Early Recovery from Disasters
A Global Manufacturing System
We have plants in eight countries around the world (Japan, China,
Romania, Thailand, the United Kingdom, Brazil, the United States, andGermany); about 90% of products manufactured by Makita are madeabroad. Going forward, we will continue to strive to further enhance ourmanufacturing capabilities so we can quickly produce and supply
products in response to local needs.

Sales and Services

We support early recovery from disasters by providing
products and services quickly and stably through our well-establishednetwork of bases. Batteries used for cordless products can also be usedas emergency power sources, providing power for radios, lighting, andmany other emergency items.
Also, with a USB adapter, these batteries can charge smartphones andadd an extra degree of peace of mind if a disaster occurs.

Industry-Leading Network of Bases
Makita's strength lies in its industry-leading worldwide network of bases,
which ensures a prompt and stable supply of products. With directly
managed sales bases in approximately 50 countries outside Japan in
addition to 129 sales offices in Japan, we are actively engaged in various
sales promotion activities through exhibitions, demonstration events,
and user visits.

Contribution to Local Communities
In pursuit of developing Makita in tandem with local communities, we are engaged in various programs tailored to each region,
including support of sports and cultural activities and disaster-relief activities.
In Poland, we sponsored motorsports competitions, contributing to the promotion of sports in the region. In Thailand, we
supported the healthy growth of local children by donating supplies to a local orphanage. In Türkiye, we donated our products
through the Turkish Disaster and Emergency Management Authority to support the areas affected by the Türkiye–Syria Earthquake.

Customer-Oriented Service Activities
The inability to use tools due to malfunctions leads to delays in thecustomer's work. When a product malfunctions, Makita promptly repairs
it at one of its bases and delivers it to the customer. By not only selling
products but also providing meticulous after-sales service, we help ourcustomers improve efficiency and productivity at their work sites, leading
to the building of relationships of trust.

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PolandThailandTürkiye8Supporting SDGs

Supporting SDGs

Employees

Environment
Makita promotes environmental management with the aim of achieving both
environmental protection and sustainable business growth. We have been further
strengthening our efforts by positioning contributing to decarbonization and a
resource-circulating society as our material issues.
For details of Makita’s environmental commitments, please refer to its Environmental Report.

Makita’s human resource capability is an essential asset tosupporting the growth of the Company. We provide each andevery one of our employees with the opportunity to fully
exercise their potential.
2023 Environmental Report

Contributions to Decarbonization
Initiatives with Our Products
To date, engine-powered products have been the mainstream for lawn
mowers, chain saws, and other items of OPE. But while they excel in powerand durability, their gas emissions cause serious environmental problems.
In response, Makita is promoting the replacement of engine-powered
equipment with cordless products, which emit no exhaust gases when they
are used, so as to contribute to building a carbon neutral society.
Since the cordless products do not emit atmospheric pollutants, which arecontained in the exhaust gas of engine-powered equipment, replacing thelatter with the former also helps reduce environmental impacts.
Under these circumstances, we have terminated the production ofengine-powered products in light of the growing global awareness ofenvironmental issues and the expanding need for cordless products.

Merits ofcordless
products

exhaustfuel

start-upprocedures

Low

Zero* Zero* Zero noise• Lower environmental burden• Less physical strain on users• Helps ensure a more comfortable environment
in and around the workplace• Easy to use for women and the elderly* During equipment operation

Fostering Human Resources“Don’t be angry, arrogant, panic, mope, or give up.” These are the words of Jujiro Goto, whoalong with founder Mosaburo Makita built this company and transformed it into “a power
tools corporation.” Grounded in this personal philosophy of Mr. Goto, we strive to provide
each and every Makita employee with the opportunity to exercise his or her talents.
We proactively arrange opportunities for postings at overseas bases, including on-site OJT(on-the-job training) for our young employees at our international locations to help thembuild skills. We are also striving to develop our human resources outside Japan, and at the
China Plant, our core manufacturing base, we offer training for managers on subjects likebetter leadership skills and problem-solving.

Initiatives in our Business Activities
To reduce greenhouse gas emissions, we are promoting energy-saving
activities, such as the introduction of LED lighting and high-efficiency
devices (air conditioners, compressors, manufacturing equipment, etc.) andactivities to promote the use of renewable energy, such as the installationof solar panels and the introduction of geothermal heating and coolingsystems.
In addition, to raise environmental awareness among employees, we
conduct educational activities, including distributing energy-saving
promotional materials to employees and making regular inspections tocheck energy-saving responses undertaken at offices and plants.

Promoting Diversity & Inclusion
Makita strive to maintain a diverse workplace and ensure that they can fully develop their potential abilities. This is because we firmly
believe that a company should be a place where all employees, regardless of age, gender, nationality, or the presence of disability,
respect each other and can maximize their individual abilities.

Contributions to a Resource-Circulating Society
Battery Recycling
As a company that supplies a large volume of batteries, we believe that,for the sake of environmental protection and the effective utilization of
resources, collecting used batteries is a crucial task.
In Japan, as a member of the JBRC (Japan Portable Rechargeable Battery
Recycling Center), we are involved in voluntary battery collection andrecycling activities in line with the Act on the Promotion of Effective
Utilization of Resources. Outside Japan, we cooperate with vendors andspecialized organizations in the appropriate collection of batteries
according to local laws and systems.

Promoting the Elimination of Plastic
Since plastic waste discharged to the ocean causes global environmental
pollution, campaigns to reduce the use of single-use plastic have spread
across the world. To contribute to the building of a sustainable society and tothe conservation of biodiversity, Makita is working to reduce the volume ofsingle-use plastic used for its product packages.
We have been reducing the use of plastic bags by devising better packaging
materials. We plan to further promote the elimination of plastic in the future.

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Supporting Female Success

Employment of Non-Japanese Workers

Employment of Disabled Workers

The average years of service for our full-time female
employees is about the same as for their malecounterparts 17 years, and women play active roles
in a variety of different divisions. With more than 200
women in manager-class roles overseas, our female
employees support Makita’s global businessfoundation.

Foreign employees are actively engaged in Makita
Group and about 80% of Makita Group's employees
are locally hired. We also appoint non-JapaneseCorporate Officers. Even in Japan, we hire foreign
students to diversify our human resources.

In December 2021, we opened Makita Farm. By
operating the farm, Makita provides disabled wilingto work with a workplace where they can fully
develop their own potential without concerns.

Example Inside Japan

Users

Bringsbatteries

Makitacollection
point

Recycler
JBRC collectsbatteries

RetailsellerWork-Life Balance
Makita has introduced a childcare leave system and a reduced-working-hours systemfor childcare, creating a work environment that enables employees to balance workand family life. To increase the percentage of employees taking childcare leave, weare promoting such initiatives as providing information on childcare leave toworkplace managers, thereby promoting the creation of an environment that makes
it easy for their employees to take childcare leave.
Partly as a result of these initiatives, the percentage of male employees taking
childcare leave in the fiscal year ended March 31, 2023 increased by 17 percentage
points to 25%, up from 8% the previous year.

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