For immediate release
September 23, 2020
Company name:
Representative:
Stock ticker code:

Makita Corporation
Munetoshi Goto, President, Representative Director
6586

Announcement of Absorption-Type Merger of Consolidated Subsidiary(Simplified/Short Form Merger)
Makita Corporation (hereinafter referred to as “Makita”) is pleased to announce that at a meeting of the Board ofDirectors held today it resolved to conduct an absorption-type merger of Amadera Pneumatics Co., Ltd. (hereinafterreferred to as “Amadera Pneumatics”), a consolidated subsidiary of Makita.
Because the merger is an absorption-type merger of Makita’s wholly-owned subsidiary, disclosure items and details
are partially omitted.
I. Purpose of the merger
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, Makita has diverse
product lines of pneumatic tools (such as air nailers and air compressors). With the goal of further strengthening its
business base, Makita turned Amadera Pneumatics, which manufactures and markets air compressors used for nailing atconstruction sites, etc., into a wholly owned subsidiary on March 29, 2019.
In order to respond to changes in the business environment in a flexible and agile manner and to further streamline
group-wide management, Makita has decided to conduct an absorption-type merger of Amadera Pneumatics, effective
June 1, 2021.
II. Outline of merger(1) Schedule
Board resolution on the merger:

September 23, 2020

Execution of agreement:

September 23, 2020

Scheduled effective date of merger:

June 1, 2021

* Since this merger is a “simplified merger” for Makita under Article 796, paragraph 2 of the Companies Act,and a “short-form merger” for Amadera Pneumatics under Article 784, paragraph 1 of the same Act, neither
companies will hold general meeting of shareholders for approval of this merger.
(2) Method of merger
In this merger, Makita is a surviving company, and Amadera Pneumatics is dissolved and absorbed into thesurviving company.
(3) Details of allocations related to the merger
Since Amadera Pneumatics is a wholly-owned subsidiary of Makita, there will be no allocation of shares or otherfunds with the merger.
(4) Handling of share options and bonds with share options of the absorbed company
Not applicable

English Translation of press release originally issued in Japanese

1Ⅲ. Overview of the parties to the merger (As of March 31, 2020)
Surviving Company

Extinct Company(1) Company nameMakita Corporation

Amadera Pneumatics Co., Ltd.

(2) Head office

3-11-8, Sumiyoshi-cho, Anjo, Aichi,

2-50-12 Nishi-rokugo, Ohta-ward, Tokyo,

Japan

Japan

(3) Title and name ofrepresentative(4) Principal
business

Munetoshi Goto, President andRepresentative Director
Production and sales of electric powertools, gardening equipment, pneumatic
tools and household euipment(5) Capital stock(6) Date ofincorporation(7) Number ofshares issued

32 million yen

December 10, 1938

April 26, 1952

280,017,520 shares

64,000 shares

March 31

March 31

The Master Trust Bank of Japan, Ltd.

shareholders and(Trust account)shareholding

Japan Trustee Services Bank, Ltd. (Trustratio*1

Production and sales of industrial
compressors

24,206 million yen(8) Fiscal year - end(9) Major

Tadayoshi Torii, Representative Director

7.96％

account)

4.18％

Maruwa, Ltd.

3.18％

MUFG Bank, Ltd.

3.10％

Makita Corporation

100.00％Japan Trustee Services Bank, Ltd. (Trustaccount 9)(10) Financial

Fiscal year - end

2.65％
March 2020

Fiscal year - end

March 2020*2

position and(consolidated,(non-consolidated,operatingIFRS)Japan GAAP)

performance in

Total equity

575,748 million yen

Net assets

805 million yen

the previous

Total assets

674,564 million yen

Total assets

1,095 million yen

business year

Equity attributable

2,104.01 yen

Net assets per share

12,582.58 yen

to owners of theparent per share
Revenue492,617 million yen

Net sales846 million yen

Operating profit

64,046 million yen

Operating income(24 million yen)

Profit before

66,008 million yen

Ordinary income(23 million yen)

47,731 million yen

Net Income

income taxes
Profit attributable to

2 million yen

owners of the parent

Earnings per share

175.80 yen

Net Income per share

25.24 yen

(Basic)*1 The shareholding ratio is calculated by subtracting the number of treasury stock as of March 31, 2020
(8,500,530 shares).
*2 Financial results for the fiscal year ended March 2020 are for eight months from August 2019 to March 2020.

English Translation of press release originally issued in Japanese2

Ⅳ. Status after merger
After the merger, no change will occur to the company name, head office, title and name of the representative,
principal business, capital stocks and the account closing date of Makita.
Ⅴ. Future prospect
Since this transaction is a merger of a wholly-owned subsidiary, it will have minor effect on the consolidated resultsof Makita.

English Translation of press release originally issued in Japanese3