Makita Corporation
Consolidated Financial Results
for the six months
ended September 30, 202１
(IFRS Financial Information)(English translation of "KESSAN TANSHIN"
originally issued in Japanese)

CONSOLIDATED FINANCIAL RESULTS
FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2021 (Unaudited)
October 28, 2021

Makita Corporation
Stock code: 6586
URL: https://www.makita.co.jp/
Munetoshi Goto, President, Representative Director

1. Summary operating results of the six months ended September 30, 2021 (From April 1, 2021 to September 30,
2021)(1) CONSOLIDATED OPERATING RESULTS
Yen (millions)
For the six months ended
For the six months ended
September 30, 2020
September 30, 2021(%)(%)
Revenue ................................................................
283,15616.3
364,230
28.6
Operating profit ....................................................
38,16517.7
52,16036.7
Profit before income taxes ....................................
38,27311.0
52,60037.4
Profit .....................................................................
27,352
8.8
38,165
39.5
Profit attributable to owners of the parent ............
27,141
8.7
37,82039.3
Comprehensive income ........................................
35,22542,198
19.8
Yen
Profit attributable toowners of the parent per share(Basic)..................................................................
99.96
139.29(Diluted) ..............................................................
Notes:
1.
Amounts of less than one million yen have been rounded.
2.
The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, profit,
profit attributable to owners of the parent, and comprehensive income against the corresponding period of the previous year.

(2) SELECTED CONSOLIDATED FINANCIAL POSITION

Total assets ............................................................
Total equity ...........................................................
Equity attributable to owners of the parent ...........
Ratio of equity attributable to owners of theparent to total assets (%) .......................................

Yen (millions)
As of March 31, 2021
As of September 30, 2021
812,878
850,842663,326
689,518
683,657
657,855
80.9%

80.4%

2. Dividend Information
Yen
For the year ended
March 31, 2021
Cash dividend per share:
Interim .................................................................
Year-end ..............................................................
Total ....................................................................

10.00
59.00
69.00

For the year ending
March 31, 2022
(Forecast)
10.00(Note)(Note)

Notes:
1. The forecast for cash dividend announced formerly has not been revised.
2. The projected amount of dividends for the year ending March 31, 2022 has not been determined yet. For further details, refer
to “Explanation regarding proper use of business forecast, and other significant matters” on page 2.

English translation of "KESSAN TANSHIN" originally issued in Japanese

13. Consolidated Financial Performance Forecast for the year ending March 31, 2022 (From April 1, 2021 toMarch 31, 2022)
Yen (millions)
For the year ending
March 31, 2022(%)
Revenue..................................................................................................................
690,000
13.4
Operating profit ......................................................................................................
90,000
1.7
Profit before income taxes .....................................................................................
90,000
3.2
Profit attributable to owners of the parent ..............................................................
65,000
4.8
Yen
Profit attributable to owners of the parent per share ..............................................
239.38Notes:

1.
2.

Changes of the forecasts from the most recent disclosure: Yes
The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes and profit
attributable to owners of the parent against the previous year.

4. Other(1) Changes in important subsidiaries during the period (Changes in specified subsidiaries accompanied by changes inscope of consolidation during the quarter): None
(2) Changes in accounting policies and accounting estimates:
1. Changes in accounting policies required by IFRS: None
2. Changes in accounting policies other than 1: None
3. Changes in accounting estimate: None
(3) Number of shares outstanding (common stock)
1. Number of shares issued (including treasury stock):
2. Number of treasury stock:
3. Average number of shares outstanding:

As of September 30, 2021:
As of March 31, 2021:
As of September 30, 2021:
As of March 31, 2021:
For the six months ended
September 30, 2021:
For the six months ended
September 30, 2020:

280,017,520
280,017,520
8,484,811
8,490,396
271,529,324
271,521,377

This consolidated financial report is not subject to audit procedures by certified public accountants or an auditing firm.
Explanation regarding proper use of business forecasts, and other significant matters
1. The financial forecast given above is based on information as available at the present time, and includes potential
risks and uncertainties. As a consequence of the factors above and other, actual results may vary from the forecasts
provided above. Regarding the assumptions for the forecasts and other matters, refer to “SUPPLEMENTINFORMATION (CONSOLIDATED)”, “(3). Outlook for the fiscal year ending March 31, 2022” on page 4.
2.

Makita's basic policy on the distribution of profits is to maintain a consolidated dividend payout ratio of 30% or greater,
with a lower limit on annual cash dividends of 10 yen per share. However, in the event special circumstances arise,computation of the amount of dividends will be based on profit attributable to owners of the parent per share after
certain adjustments.
The Board of Directors plans to meet in April 2022 for a report on earnings for the year ending March 31, 2022. At thetime, in accordance with the basic policy regarding profit distribution mentioned above, the Board of Directors plans topropose a dividend equivalent to at least 30% of profit attributable to owners of the parent. The Board of Directors willsubmit this proposal to the General Meeting of Shareholders scheduled for June 2022.
The consolidated dividend payout ratio is calculated as annual dividends per share divided by consolidated profit
attributable to owners of the parent per share (after adjustments for special circumstances) and multiplied by 100.

English translation of "KESSAN TANSHIN" originally issued in Japanese

2

SUPPLEMENT INFORMATION (CONSOLIDATED)

1. Overview of operating results(1) Explanation of Consolidated Operating Results
Looking at the global economic situation during the six-month period (the “period”) ended September 30, 2021,
economic recovery progressed in the U.S., China and elsewhere as COVID-19 vaccinations spread and behavioral
restrictions were gradually eased in many countries. The outlook for the future remains uncertain, however, due to aresurgence of new cases caused by coronavirus variants and the intensifying conflict between the U.S. and China.
In this situation, the Makita Group focused on expanding its lineup of cordless products including power tools andoutdoor power equipment in the “40Vmax Lithium-ion Battery” series.
We worked to multipolarize global production and enhance production capacity in response to the diversification of
product groups and the expansion of demand.
We also work to increase the level of the community-based and customer-oriented service framework and deepenand develop the market centered on cordless products.
Our consolidated revenue for this period increased by 28.6% to 364,230 million yen compared with the same periodof previous year with strong sales both in Japan and overseas. Operating profit also increased by 36.7% to 52,160
million yen (operating profit ratio: 14.3%) owing to the increase in revenue and the impact of foreign exchange rates
although costs increased due to soaring transportation costs. Profit before income taxes increased by 37.4% to 52,600
million yen (profit before income taxes ratio: 14.4%) and profit attributable to owners of the parent increased by 39.3%
to 37,820 million yen (ratio of profit attributable to owners of the parent: 10.4%).
Revenue results by region were as follows:
In Japan, sales of both power tools and outdoor power equipment, particularly lithium-ion battery products, werestrong and increased by 8.7% compared with the same period of previous year to 60,611 million yen.
In Europe, while stay-at-home demand slowed down, demand for tools at active building and construction sites andsales of cordless outdoor power equipment continued to be strong, resulting in an increase in sales of 35.9% year on
year to 177,829 million yen.
In North America, sales of power tools accompanied by strong housing demand and sales of cordless outdoor power
equipment were strong, resulting in an increase in sales of 25.6% year on year to 52,259 million yen.
In Asia, COVID-19 cases increased again in various regions affecting our sales activities, but sales in China andTaiwan were strong, resulting in an increase in sales of 19.5% year on year to 22,430 million yen.
In Central and South America, the situation of the spread of COVID-19 infection calmed down and demand fortools at increasingly active building and construction sites increased in each country, resulting in an increase in sales of
68.2% year on year to 21,205 million yen.
In Oceania, sales increased by 21.4% year on year to 23,265 million yen due to strong demand for tools at building
and construction sites despite the impact of lockdowns due to the resurgence of new cases of infection in major cities.
In the Middle East and Africa, sales increased by 52.7% year on year to 6,631 million yen as the demand for tools atbuilding and construction sites in each country was captured although unstable political and economic conditions
continued.
(Efforts for carbon neutrality)
As the impact of climate change on society such as frequent wind and flood damage is getting enormous, the rolethat companies must play in realizing a decarbonized society is becoming more important. Based on thesecircumstances, we will accelerate our efforts for carbon neutrality. We have strengthened efforts to reduce greenhousegas emissions such as the use of renewable energy and have established a framework to promote carbon neutrality by
setting up a new Sustainability Committee chaired by the President. We are also currently working to set reduction
targets in order to steadily implement efforts to reduce greenhouse gas emissions.
Furthermore, we expressed our support for the recommendations of the “Task Force on Climate-related Financial
Disclosures (TCFD).” This is based on the recognition that it is important to engage in dialogue with our stakeholders
by analyzing climate change risks and opportunities related to our business and disclosing information on the impact ofsuch risks and opportunities on our business activities.
English translation of "KESSAN TANSHIN" originally issued in Japanese3

We will continue to consider response to environmental issues such as decarbonization as an important theme,
promote reduction of environmental burden, contribute to the realization of a sustainable society and strengthen
information disclosure such as disclosure based on the TCFD recommendations.
(2) Explanation of Consolidated Financial Position
Total assets increased 37,964 million yen from the end of the previous fiscal year to 850,842 million yen. This
increase was mainly due to the rise in “Inventories.”
Total liabilities increased 11,772 million yen from the end of the previous fiscal year to 161,324 million yen. This
increase was mainly due to the rise in “Borrowings.”
Total equity increased 26,192 million yen from the end of the previous fiscal year to 689,518 million yen. This
increase was mainly due to the rise in “Retained earnings.”(3) Outlook for the fiscal year ending March 31, 2022
We have revised our consolidated financial forecast because sales in the period were stronger than expected in
response to demand for tools at building and construction sites and the exchange rate against the yen was weaker than
the assumption announced on July 30, 2021. On the other hand, we anticipate that the cost-of-sales ratio will deteriorate
due to soaring transportation costs as well as the influence of foreign exchange rates.
Revised forecast for consolidated performance of the fiscal year ending March 31, 2022 (From April 1, 2021 toMarch 31, 2022)
Yen (millions)
Yen
ProfitProfitattributable to
Revenue
Operating
Profit before attributableowners of the
profitincome taxes to owners ofparent per
the parent
share (Basic)
Forecast announced previously (A) ......
Revised forecast (B) ............................
Changes (B-A) ......................................
Percentage change ................................

650,000
690,000
40,0006.2%

88,50090,0001,500
1.7%

88,00090,0002,000
2.3%

63,20065,0001,800
2.8%

232.76239.38-Actual results for the previous year
ended March 31, 2021 ..........................

608,331

88,46487,19962,018228.41

The above forecasts are based on the assumption that economic activities will not stagnate again due to restrictions in
response to the spread of the COVID-19. In addition, the assumed exchange rates applied in the forecast calculation are
as follows;[Preconditions]
The above forecast is based on the assumption of exchange rates of 110 yen to the U.S. dollar, 130 yen to the euro
and 17.2 yen to the renminbi for the remaining six months period ending March 31, 2022.
The above forecast is based on the assumption of exchange rates of 110 yen to the U.S. dollar, 130 yen to the euro
and 17.1 yen to the renminbi for the year ending March 31, 2022.
[Reference]
The exchange rates for previously announced forecasts that we announced on July 30, 2021 were 106 yen to the U.S.
dollar, 127 yen to the euro and 16.4 yen to the renminbi for the year ending March 31, 2022.
(Note)
The above forecasts are made based on the information available at this time and include potential risks anduncertainties, so the actual results may differ from the forecast due to various factors such as the timing of the
COVID-19 comes to an end.

English translation of "KESSAN TANSHIN" originally issued in Japanese42. Consolidated Financial Statements (Unaudited)(1) Consolidated Statement of Financial Position
Yen (millions)
As of September 30,
As of March 31, 2021
2021
Composition ratio

Composition ratio

ASSETS
CURRENT ASSETS:
Cash and cash equivalents ..............................

148,640

104,489

Trade receivables and other receivables..........

95,691

99,190Inventories ......................................................

267,547

345,573

Other financial assets ......................................

18,227

5,280

Other current assets .........................................

10,223

12,105

Total current assets ......................................

540,328

66.5%

566,637

66.6%

NON-CURRENT ASSETS:
Property, plant and equipment, at cost ............

189,366

211,867

Goodwill and intangible assets .......................

9,364

9,398

Other financial assets ......................................

51,011

39,601

Net defined retirement benefit asset................

10,685

10,510

Deferred income taxes ....................................

8,860

9,548

Other non-current assets .................................

3,264

3,281

Total non-current assets ...............................

272,55033.5%

284,205

33.4%

Total assets.............................................................

812,878

100.0%

850,842100.0%English translation of "KESSAN TANSHIN" originally issued in Japanese5

Yen (millions)
As of September 30,
As of March 31, 2021
2021
Composition ratio

Composition ratio

LIABILITIES AND EQUITY
LIABILITIESCURRENT LIABILITIES:
Trade payables and other payables .................

59,792

61,843

Borrowings .....................................................

2,612

6,964

Other financial liabilities.................................

4,080

3,811

Income taxes payable ......................................

11,21812,141

Provisions .......................................................

3,665

3,989

Other current liabilities ....................................

40,431

42,622

Total current liabilities .................................

121,798

15.0%

131,370

15.5%

NON-CURRENT LIABILITIES:
Retirement benefit liabilities .............................

3,406

3,440

Other financial liabilities.................................

11,764

13,757

Provisions .......................................................

1,421

1,492

Deferred income taxes ....................................

10,954

11,061Other non-current liabilities ............................

209

204

Total non-current liabilities ..........................

27,754

3.4%

29,954

3.5%

Total liabilities .......................................................

149,552

18.4%

161,324

19.0%

EQUITY
Common stock ................................................

23,80523,805Additional paid-in capital ...............................

45,55945,569Retained earnings ............................................

588,644614,279

Treasury stock, at cost.....................................

(11,543)(11,539)

Other components of equity ............................

11,390

11,543

Total equity attributable to owners of the parent....

657,85580.9%

683,657

80.4%

NON-CONTROLLING INTEREST .....................

5,471

0.7%

5,861

0.6%

Total equity ............................................................

663,326

81.6%

689,518

81.0%

Total liabilities and equity .....................................

812,878

100.0%

850,842100.0%English translation of "KESSAN TANSHIN" originally issued in Japanese6(2) Consolidated Statements of Profit or Loss and Consolidated Statements of Comprehensive Income
Consolidated Statements of Profit or Loss
Yen (millions)
For the six months
For the six months
ended September 30,
ended September 30,
2021
2020
Composition ratio

Composition ratio

REVENUE...............................................................................

283,156 100.0%

364,230 100.0%

Cost of sales .............................................................................

(191,741) (67.7%)(245,536) (67.4%)

GROSS PROFIT......................................................................

91,415

32.3%

Selling, general, administrative and others, net .......................

(53,250) (18.8%)(66,534) (18.3%)

OPERATING PROFIT ............................................................

38,16552,160Financial income......................................................................

1,013

1,217

Financial expenses ...................................................................

(905)

(777)

PROFIT BEFORE INCOME TAXES .....................................

38,273

Income tax expenses ................................................................

(10,921)

PROFIT ...................................................................................

27,352

9.7%

38,165

10.5%

Owners of the parent................................................................

27,141

9.6%

37,82010.4%

Non-controlling interests .........................................................

211

0.1%

345

0.1%

13.5%

13.5%

118,694

32.6%
14.3%

52,60014.4%(14,435)

Profit attributable to:Consolidated Statements of Comprehensive Income
Yen (millions)
For the six months
For the six months
ended September 30,
ended September 30,
2021
2020
27,352

38,165through other comprehensive income (loss) ............................

3,711

(576)

Total of items that will not be reclassified to profit (loss) ...........

3,711

(576)

Exchange differences on translating foreign operations ..........

4,162

4,609

Total of items that may be reclassified to profit (loss) .................

4,162

4,609

Total of other comprehensive income (loss), net of tax ...............

7,873

4,033

COMPREHENSIVE INCOME ...................................................

35,22542,198

Owners of the parent ................................................................

34,89041,808Non-controlling interests .........................................................

335

390

Profit ............................................................................................
OTHER COMPREHENSIVE INCOME, NET OF TAX

Items that will not be reclassified to profit (loss)
Equity financial goods measured at fair value

Items that may be reclassified to profit (loss)

Comprehensive income attributable to:English translation of "KESSAN TANSHIN" originally issued in Japanese7(3) Consolidated Statement of Changes in Equity
Yen (millions)
For the six months ended September 30, 2020
Equity attributable to owners of the parent

Balance at April 1, 2020

Commonstock

Additional
paid-in
capitalRetainedearnings

Treasury
stock

Other
componentsof equity

23,80545,531

540,063(11,554)(26,570)

Profit for the period

Comprehensive income--

Dividends paid

27,141-

Share-based paymenttransaction

7

Total
equity4,473

575,748

27,141

211

27,352

7,749

7,749

124

7,873

7,749

34,890335

35,225(11,675)

Purchase of treasury stockTotal
571,275

27,141Other comprehensive income

NonControllinginterest(11,675)(11,675)

(1)

(1)

(1)

15

22

22

Total amounts of transactions
with owners-

7(11,675)

14-(11,654)-(11,654)

Balance at September 30, 2020

23,80545,538555,529(11,540)(18,821)594,5114,808

599,319

Yen (millions)
For the six months ended September 30, 2021
Equity attributable to owners of the parent

Balance at April 1, 2021

Commonstock

Additional
paid-in
capitalRetainedearnings

Treasury
stock

Other
componentsof equity

23,80545,559588,644(11,543)

11,390

Profit for the period

Comprehensive income--

Dividends paid

37,820-Share-based paymenttransaction
Transfer from othercomponents of equity toretained earnings

10

Total
equity5,471

663,326

37,820345

38,165

3,988

3,988

45

4,033

3,988

41,808390

42,198(16,020)

Purchase of treasury stockTotal
657,855

37,820

Other comprehensive income

NonControllinginterest(16,020)(16,020)

(5)

(5)

(5)

9

19

19

(3,835)

-

-

3,835

Total amounts of transactions
with owners-

10(12,185)

4(3,835)(16,006)-(16,006)

Balance at September 30, 2021

23,80545,569614,279(11,539)

11,543

683,657

5,861

689,518

English translation of "KESSAN TANSHIN" originally issued in Japanese8(4) Consolidated Statements of Cash Flows
Yen (millions)
For the six months
For the six months
ended September 30,
ended September 30,
2021
2020
CASH FLOWS FROM OPERATING ACTIVITIES:Profit ....................................................................................................

27,352

38,165

Depreciation and amortization .............................................................

7,592

9,768

Income tax expenses ............................................................................

10,921

14,435

Financial expenses (income)................................................................

(108)

(440)

Loss (gain) on sales and retirement of property, plant and equipment .............

142

(48)

Decrease (increase) in trade receivables and other receivables ...........

(12,293)(3,299)Decrease (increase) in inventories .......................................................

7,324(75,819)

Increase (decrease) in trade payables and other payables ....................

10,755

1,465

Increase and decrease in retirement benefit assets and liabilities ........

201

104

Decrease (Increase) in guarantee deposits ...........................................

-(1,104)

Other ....................................................................................................

2,440

466

Subtotal ..........................................................................................

54,326(16,307)

Dividends received ..............................................................................

406

455

Interest received ...................................................................................

384

233

Interest paid .........................................................................................

(165)

(205)

Income taxes paid ................................................................................

(7,221)(13,927)

Cash flows from operating activities .............................................

47,730(29,751)

Purchase of non-current assets .............................................................

(23,434)(28,158)

Proceeds from sales of non-current assets ...........................................

35

110

Purchase of investments ......................................................................

(1,290)(243)

Proceeds from sales and redemption of investments ..............................

5,058

13,184

Payments into time deposits ................................................................

(26,934)(7,943)

Proceeds from withdrawal of time deposits .........................................

23,35820,285

Other ....................................................................................................

88

12

Cash flows from investing activities ..............................................

(23,119)(2,753)

Net increase (decrease) in short-term borrowings ...............................

(6,916)

4,294

Purchase and sales of treasury stock, net .............................................

(1)

(5)

Cash dividends paid .............................................................................

(11,675)(16,020)

Repayments of lease obligations..........................................................

(1,336)(1,855)

Other ....................................................................................................

28

1

Cash flows from financing activities .............................................

(19,900)(13,585)

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS ......................................................................

817

1,938

NET CHANGE IN CASH AND CASH EQUIVALENTS .................

5,528(44,151)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ...

143,439

148,640

CASH AND CASH EQUIVALENTS, END OF PERIOD .................

148,967

104,489

CASH FLOWS FROM INVESTING ACTIVITIES:CASH FLOWS FROM FINANCING ACTIVITIES:English translation of "KESSAN TANSHIN" originally issued in Japanese9(5) Notes to Consolidated Financial Statements
Notes on the assumptions for a going concern: None
Operating Segment Information
Yen (millions)
For the six months ended September 30, 2020
North
ElimiAsia
Total
Other
Americanations

Consolidated

Japan

EuropeInter-segment ............

64,953
109,195

131,389
5,258

42,2901,700

11,483
118,565

250,115
234,718

33,041
268(234,986)

283,156-

Total ................

174,148

136,647

43,990130,048484,833

33,309(234,986)

283,156

Operating profit ............

13,698

11,857828

13,35339,736

1,440(3,011)

38,165

Yen (millions)
For the six months ended September 30, 2021
North
ElimiAsia
Total
Other
Americanations

Consolidated

Revenue:
Externalcustomers ..................

Japan

EuropeInter-segment ............

71,193
173,227

179,275
10,01853,411
3,082

14,274
188,559

318,153374,886

46,077249(375,135)

364,230-

Total ................

244,420

189,293

56,493202,833

693,039

46,326(375,135)

364,230

Operating profit ............

17,74022,781660

8,624

49,805

5,039(2,684)

52,160

Revenue:
Externalcustomers ..................

English translation of "KESSAN TANSHIN" originally issued in Japanese10

3. SUPPORT DOCUMENTATION (CONSOLIDATED)(1) Consolidated Financial Results and Forecast
Yen (millions)
For the six months
For the six months
ended September 30,
ended September 30,
2021
2020
Revenue .....................................................................................................
Domestic ...............................................................................................
Overseas ................................................................................................
Operating profit .........................................................................................
Profit before income taxes .........................................................................
Profit attributable to owners of the parent .................................................
Profit attributable to owners of the parent per share (Yen) .......................
Cash dividend per share (Yen) ...................................................................
Dividend payout ratio (%) .........................................................................
Number of Employees ...............................................................................

(%)

(%)

283,156 16.3
55,761 10.4
227,395 17.8
38,165 17.7
38,27311.0
27,141
8.7
99.96
10.00
10.0
17,885364,230 28.6
60,611
8.7
303,619 33.5
52,160 36.7
52,600 37.4
37,820 39.3
139.2910.00
7.2
19,592

Yen (millions)
For the year ending
For the year ended
March 31, 2022
March 31, 2021
(Forecast)(%)

Revenue ...............................................................................................
Domestic .........................................................................................
Overseas ..........................................................................................
Operating profit ...................................................................................
Profit before income taxes ...................................................................
Profit attributable to owners of the parent ...........................................
Profit attributable to owners of the parent per share (Yen) .................
Cash dividend per share (Yen) ............................................................
Dividend payout ratio (%) ....................................................................
Number of Employees ........................................................................

608,331 23.5
113,048 12.3
495,283 26.4
88,464 38.1
87,199 32.1
62,018 29.9
228.41
69.00
30.2
18,624(%)

690,000 13.4
117,000 3.5
573,000 15.7
90,000 1.7
90,000 3.2
65,000 4.8
239.38-Notes:
1. Please refer to [SUPPLEMENT INFORMATION (CONSOLIDATED)] (3) “Outlook for the fiscal year ending March 31,2022” on page 4.
2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, and profit
attributable to owners of the parent compared to the corresponding period of the previous year.

English translation of "KESSAN TANSHIN" originally issued in Japanese11(2) Consolidated Revenue by Geographic Area

Japan ................................................................
Europe..............................................................
North America .................................................
Asia ..................................................................
Central and South America ..............................
Oceania ............................................................
The Middle East and Africa .............................
Total .................................................................
Notes:
1.
2.

For the six months
ended September 30,
2020

Yen (millions)
For the six months
ended September 30,
2021

(%)

(%)

55,761130,899
41,613
18,774
12,605
19,161
4,343
283,156

10.4
21.7
21.1
(4.4)
(2.0)
34.0
0.2
16.3

60,611
177,829
52,25922,43021,20523,265
6,631
364,230

8.7
35.9
25.6
19.5
68.2
21.4
52.7
28.6

For the year ended
March 31, 2021(%)

113,048282,725
90,94539,331
29,40341,304
11,575608,331

12.3
30.8
25.8
0.9
13.1
45.3
16.1
23.5

The table above sets forth Makita's consolidated revenue by geographic area based on the customer’s location for theperiods presented. Accordingly, it differs from “Operating Segment Information” on page 10.
The table above shows the changes in the percentage ratio of revenue compared to the corresponding period of the previous
year.

(3) Exchange Rates
Yen
For the six
months ended
September 30,
2020

For the six
months ended
September 30,
2021

106.93121.3415.26

109.81130.8816.99

106.10123.76
15.68

For the six
months ended
September 30, 2020

For the six
months ended
September 30, 2021

Composition ratio

Composition ratio

USD/JPY ................................................
EUR/JPY ................................................
RMB/JPY ...............................................

For the year
ended March 31,
2021

For the year
ending March
31, 2022(Forecast)
110
130
17.1

(4) Production Ratio (unit basis)

Domestic .....................................................................
Overseas .....................................................................

7.8%
92.2%

7.5%
92.5%

For the year
ended
March 31, 2021
Composition ratio

7.7%
92.3%

(5) Consolidated Capital Expenditures, Depreciation and Amortization, and R&D costs
For the six
months ended
September 30,
2020
Capital expenditures ..................
Depreciation and amortization ...
R&D costs .................................

23,4346,436
6,306

Yen (millions)
For the six
For the year
months ended
ended
September 30,
March 31, 2021
2021
28,158
8,127
6,905

English translation of "KESSAN TANSHIN" originally issued in Japanese

49,855
13,881
12,783For the year
endingMarch 31, 2022
(Forecast)
75,00016,20014,50012