For immediate release
October 31, 2013

Company name:
Representative:
Stock ticker code:

Makita Corporation
Shiro Hori, President, Representative Director
6586

Revision of Forecast for Performance
Based on the recent trends of business performances, the forecast for the year ending March 31, 2014, which wereannounced on April 26, 2013, were revised as stated below.
1. Revised Forecast for Consolidated Performance for the year ending March 31, 2014 (from April 1, 2013 toMarch 31, 2014)
Yen (millions)
YenNet sales

Operatingincome

Incomebeforeincome taxes

Net income
attributableto Makita
Corporation

Earning per share(Basic)
Net income
attributable toMakita
Corporationcommonshareholders

Outlook announced previously (A)......
Revised forecast (B) ...........................
Change (B-A) ......................................
Percentage revision ..............................

345,000
360,000
15,0004.3%

56,00049,000(7,000)(12.5%)

57,50050,400(7,100)(12.3%)

39,00035,700(3,300)(8.5%)

287.30263.00-Actual results for the previous year
ended March 31, 2013 .........................

309,630

45,36645,691

31,076228.92

2. Reasons for Revision of Forecast
Looking at our consolidated performance for the first six-month period of the current fiscal year, net sales exceeded ouroutlook announced on April 26, 2013. This is due to favorable sales and the appreciation of such major currencies as theUS dollar and the euro against the yen. On the other hand, operating income was less than our forecast due to a rise in costof sales resulting from the significant increase in elimination of unrealized profit in inventories. We expect businessconditions will continue to be tough because of uncertain outlook of global demand and intensifying competition in thethird quarter and onwards. Meanwhile, we reviewed our production system to raise production efficiency and thendetermined to terminate our production at Numazu plant at the end of the fiscal year ending March 2014. Consequently,
we expect temporary costs will be incurred in the second half of the current fiscal year. Considering the factors mentioned
above, we have revised our consolidated financial forecast for the full year.
[Preconditions]
The above forecast is based on the assumption of exchange rates of 95 yen to the U.S. dollar and 125 yen to the euro forthe six months period ending March 31, 2014.
The above forecast is based on the assumption of exchange rates of 97 yen to the U.S. dollar and 127 yen to the euro forthe year ending March 31, 2014.
[Reference]
Our previous exchange rates that we announced on April 26, 2013 were 95 yen to the U.S. dollar and 125 yen to the euro
for the year ending March 31, 2014.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements based on Makita's own projections and estimates. The power tools market, whereMakita is mainly active, is subject to the effects of rapid shifts in economic conditions, demand for housing, currency exchange rates,changes in competitiveness, and other factors.
Due to the risks and uncertainties involved, actual results could differ substantially from the content of these statements. Therefore,
these statements should not be interpreted as representation that such objectives will be achieved.

English Translation of press release originally issued in Japanese1