Makita Corporation
Consolidated Financial Results
for the six months
ended September 30, 2020
(IFRS Financial Information)(English translation of "KESSAN TANSHIN"
originally issued in Japanese)

CONSOLIDATED FINANCIAL RESULTS
FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2020 (Unaudited)
October 30, 2020

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, 2020 (From April 1, 2020 to September 30,
2020)(1) CONSOLIDATED OPERATING RESULTS
Yen (millions)
For the six months ended
For the six months ended
September 30, 2019
September 30, 2020(%)(%)
Revenue..............................................................
243,547
0.3
283,156
16.3
Operating profit...................................................
32,416(19.1)
38,165
17.7
Profit before income taxes ...................................
34,475(18.4)
38,273
11.0
Profit ..................................................................
25,151(15.9)
27,352
8.8
Profit attributable to owners of the parent ............
24,979(15.8)
27,141
8.7
Comprehensive income .......................................
1,085  (95.8)
35,225
Yen
Profit attributable toowners of the parent per share Basic.................................................................
92.01
99.96
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, 2020
As of September 30, 2020
674,564
712,384
575,748599,319594,511571,275
84.7%

83.5%

2. Dividend Information
Yen
For the year ended   March 31, 2020
Cash dividend per share:
Interim..............................................................
Year-end ...........................................................
Total .................................................................

10.00
43.00
53.00

For the year ending   March 31, 2021
(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, 2021 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, 2021 (From April 1, 2020 toMarch 31, 2021)
Yen (millions)
For the year ending
March 31, 2021(%)
Revenue ............................................................................................................
530,000
7.6
Operating profit .................................................................................................
67,500
5.4
Profit before income taxes..................................................................................
67,500
2.3
Profit attributable to owners of the parent...........................................................
48,000
0.6
YenProfit attributable to owners of the parent per share ............................................
  176.78
Notes:
1. The consolidated financial forecast for the year ending March 31, 2021 has been revised.
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 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: Yes
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, 2020:
As of March 31, 2020:
As of September 30, 2020:
As of March 31, 2020:
For the six months ended
September 30, 2020:
For the six months ended
September 30, 2019:

280,017,520
280,017,520
8,489,988
8,500,530
271,521,377
271,487,895

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, 2021” 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 after certain
adjustments.
The Board of Directors plans to meet in April 2021 for a report on earnings for the year ending March 31, 2021. 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 2021.
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 international economic situation during the first half, the world economy, which had fallen sharply
due to the spread of the new coronavirus infection, is gradually recovering due to easing of the strict restrictions on
going out and deregulation of immigration in each country. Although there is a sign of recovery, the situation is still
uncertain due to factors such as the second and third waves of the spread of infection and the intensifying conflict
between the United States and China.
Under these circumstances, in terms of development, we focused on expanding the lineup of lithium-ion battery
products, including cordless tools in the "40Vmax lithium-ion battery" series, which has high power, long life, and highdurability.
On the production side, we promoted the diversification of global production and initiated deplasticization byswitching to environmentally friendly materials such as paper by reducing use of materials including plastic bags used
for product packaging.
On the sales side, we continued to focus on expanding sales of lithium-ion battery products such as cordless outdoor
power equipment, and continued to provide steady customer supports and after-sales services amid difficulties innormal sales activities due to COVID-19 outbreak. We have endeavored to further strengthen relationships and building
trusts with customers in various regions of the world.
Our consolidated financial results for the first half of the current consolidated cumulative period increased 16.3%
year-on-year to 283,156 million yen due to strong sales mainly in domestic and developed countries, despite a decreasein overseas sales due to foreign exchange rate. In terms of profits, operating profit increased 17.7% year-on-year to38,165 million yen (operating profit margin: 13.5%) due to increased sales and a decrease in SG&A rate despite anincrease in a cost rate. Profit before income taxes increased 11.0% year-on-year to 38,273 million yen (profit margin
before income taxes 13.5%), and profit attributable to owners of the parent increased 8.7% to 27,141 million yen (ratio
of profit attributable to owners of the parent: 9.6%).
Revenue results by region were as follows:
In Japan, sales of both power tools and outdoor power equipment were strong due to demand for highly efficient
cordless tools at building and construction sites, as well as support from government such as sustainable subsidies andstay home demand. As a result, sales increased 10.4% year-on-year to 55,761 million yen.
In Europe, sales increased 21.7% year-on-year to 130,899 million yen due to demand for tools due to the resumptionof building and construction sites in various regions, which had been suspended owning to the COVID-19 outbreak, andstay home demand resulting from voluntarily refraining from outing.
In North America, sales to home improvement stores were strong, and the promotion of our mainstay cordlessproducts was successful. As a result, sales increased by 21.1% year-on-year to 41,613 million yen.
In Asia, sales were sluggish in many countries except China and Taiwan due to the stagnation of economic activities
resulting from COVID-19 outbreak; consequently, sales decreased by 4.4% year-on-year to 18,774 million yen.
In Central and South America, sales volumes increased due to stay home demand resulting from COVID-19 and thestrong demand for tools due to the resumption of economic activities; however, sales after translation into Japanese yen
decreased by 2.0% year-on-year to 12,605 million yen due to the significant depreciation of local currencies.
In Oceania, sales increased 34.0% year-on-year to 19,161 million yen due to strong stay home demand in Australia
and increased sales in New Zealand, where economic activities resumed.
In the Middle East and Africa, despite COVID-19 outbreak and economic stagnation continued in many countries,
some countries were preparing for recovery in demand after the settlement of COVID-19, so sales increased 0.2%
year-on-year to 4,343 million yen.
(2) Explanation of Consolidated Financial Position
Total assets as of September 30, 2020 increased by 37,820 million yen to 712,384 million yen compared to thebalance as of March 31, 2020. The increase was mainly due to increase in “property, plant and equipment, at cost” and“trade receivables and other receivables.”English translation of "KESSAN TANSHIN" originally issued in Japanese3

Total liabilities increased by 14,249 million yen to 113,065 million yen compared to the balance as of March 31,
2020. This increase was mainly due to an increase in “trade payables and other payables.”Total equity increased by 23,571 million yen to 599,319 million yen compared to the balance as of March 31, 2020.
The increase was mainly due to an increase in “retained earnings.”(3) Outlook for the fiscal year ending March 31, 2021
Although there were restrictions on sales activities affected by the COVID-19 and a decrease in overseas sales due
to foreign currency exchange rate, sales until the second quarter performed better than initially expected due to stayhome demand for tools led by people refraining from going out and also due to the resumption of economic activities.
Thereby, we revise our earnings forecast.
Revised forecast for consolidated performance of the fiscal year ending March 31, 2021 (From April 1, 2020 toMarch 31, 2021)
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...............................

490,000
530,000
40,0008.2%

53,00067,50014,50027.4%

53,00067,50014,50027.4%

37,30048,00010,70028.7%

137.38176.78-Actual results for the previous year
ended March 31, 2020 .........................

492,61764,04666,00847,731

175.80

The above earnings forecast is based on the premise that economic activities will not stagnate again due torestrictions imposed by government following the rebound of the COVID-19 outbreak. The exchange rates assumed forthe business forecast are as follows.
[Preconditions]
The above forecast is based on the assumption of exchange rates of 105 yen to the U.S. dollar, 120 yen to the euro
and 15.5 yen to the renminbi for the remaining six months period ending March 31, 2021.
The above forecast is based on the assumption of exchange rates of 106 yen to the U.S. dollar, 121 yen to the euro
and 15.4 yen to the renminbi for the year ending March 31, 2021.
[Reference]
The exchange rates for previously announced forecasts that we announced on July 31, 2020 were 106 yen to the U.S.
dollar, 118 yen to the euro and 15.0 yen to the renminbi for the year ending March 31, 2021.
Note: The above forecast is based on information as available at the present time, and includes potential risks and uncertainties. As aconsequence of the factors such as a settlement of COVID-19, actual results may vary from the forecast provided above.

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, 2020
2020
Composition ratio

Composition ratio

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

143,439

148,967

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

69,59982,509Inventories ...................................................

214,560

210,250

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

25,23524,263

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

7,633

8,421

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

460,46668.3%

474,410

66.6%

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

146,649

164,027

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

8,749

9,024

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

38,551

44,215Retirement benefit asset................................

9,511

9,343

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

6,932

8,044

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

3,706

3,321

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

214,098

31.7%

237,974

33.4%

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

674,564100.0%

712,384

100.0%English translation of "KESSAN TANSHIN" originally issued in Japanese5

Yen (millions)
As of September 30,
As of March 31, 2020
2020
Composition ratio

Composition ratio

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

34,95943,833

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

7,997

1,161

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

2,468

2,756

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

3,757

6,607

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

2,931

3,169

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

27,264

33,110Total current liabilities...............................

79,376

11.7%

90,636

12.8%

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

3,138

3,210

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

9,894

9,793

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

1,248

1,224

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

4,952

7,993

Other non-current liabilities ..........................

208

209

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

19,4402.9%

22,429

3.1%

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

98,816

14.6%

113,065

15.9%

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

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

45,53145,538Retained earnings .........................................

540,063555,529

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

(11,554)(11,540)

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

(26,570)(18,821)

Total equity attributable to owners of the parent...

571,275

84.7%

594,511

83.5%

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

4,473

0.7%

4,808

0.6%

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

575,74885.4%

599,319

84.1%

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

674,564100.0%

712,384

100.0%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,
2019
2020
Composition ratio

Composition ratio

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

243,547 100.0%

283,156 100.0%

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

(159,978) (65.7%)(191,741) (67.7%)

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

83,56934.3%

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

(51,153) (21.0%)(53,250) (18.8%)

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

32,41638,165

Financial income ..................................................................

2,268

1,013

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

(209)

(905)

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

34,475

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

(9,324)

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

25,151

10.3%

27,352

9.7%

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

24,97910.2%

27,141

9.6%

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

172

0.1%

211

0.1%

13.3%

14.2%

91,415

32.3%
13.5%

38,273

13.5%(10,921)

Profit attributable to:Consolidated Statements of Comprehensive Income
Yen (millions)
For the six months
For the six months
ended September 30,
ended September 30,
2019
2020
25,151

27,352through other comprehensive income....................................

49

3,711

Total of items that will not be reclassified to profit ....................

49

3,711

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

(24,115)

4,162

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

(24,115)

4,162

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

(24,066)

7,873

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

1,085

35,225

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

1,107

34,890Non-controlling interests ......................................................

(22)

335

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

Items that will not be reclassified to profit
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, 2019
Equity attributable to owners of the parent

Balance at April 1, 2019

Commonstock

Additional
paid-in
capital23,80545,571Retainedearnings

Profit for the period

508,622

Other
componentsof equity

Treasurystock(11,681)

6,431-

Comprehensive income-

Dividends paid

24,979-Total
equity4,474

577,222

24,979172

25,151(23,872)(23,872)(194)(24,066)(23,872)

1,107

(22)

1,085

(14,116)(145)(14,261)(14,116)

Purchase of treasury stockTotal

572,748

24,979Other comprehensive income

NonControllinginterest

(1)

(1)

(1)

Disposal of treasury stock

(13)

61

48

48

Share-based paymenttransaction

(48)

68

20

20

(345)

-

-

Transfer from othercomponents of equity toretained earnings

345

Total amounts of transactions
with owners

-

(61)

(13,771)

128

(345)

(14,049)(145)(14,194)

Balance at September 30, 2019

23,80545,510519,830(11,553)(17,786)

559,806

4,307

564,113

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
capital23,80545,531Retainedearnings

Profit for the period

540,063

Other
componentsof equity

Treasurystock(11,554)--

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)-(11,675)(11,675)

Purchase of treasury stockTotal

571,275

27,141Other comprehensive income
Comprehensive income(26,570)

NonControlling
Interest

(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

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,
2019
2020
CASH FLOWS FROM OPERATING ACTIVITIES:Profit ...............................................................................................

25,151

27,352

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

6,903

7,592

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

9,324

10,921

Financial income and expenses, net ..................................................

(2,059)(108)

Loss (gain) on sales and retirement of property, plant and equipment(1,040)142

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

4,299(12,293)

Decrease (increase) in inventories.....................................................

(12,456)

7,324

Increase in trade payables and other payables....................................

2,202

10,755

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

168

201

Increase in guarantee deposits...........................................................

(208)

-

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

2,439

2,440

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

34,72354,326

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

422

406

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

837

384

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

(209)

(165)

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

(11,610)(7,221)

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

24,16347,730Purchase of non-current assets..........................................................

(16,839)(23,434)

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

2,480

35

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

(1,025)(1,290)

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

4,339

5,058

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

(18,805)(26,934)

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

24,86023,358Other ...............................................................................................

301

88

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

(4,689)(23,119)

Net increase (decrease) in short-term borrowings..............................
Purchase and sales of treasury stock, net ...........................................

166(6,916)

47(1)

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

(14,116)(11,675)

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

(1,155)(1,336)

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

(153)

28

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

(15,211)(19,900)

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS...................................................................
NET CHANGE IN CASH AND CASH EQUIVALENTS.................

(7,400)817(3,137)

5,528

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ...

146,512

143,439

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

143,375

148,967

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
Changes in accounting policies:
The standards and interpretations that the Group has applied since the period are as follows;
IAS 1
IAS 8

IFRS
Presentation of Financial Statements
Accounting Policies, Changes in
Accounting Estimates and Errors

Overview of new establishment/revision
Revised definition of “materiality”

The application of above standards and interpretations will not have any material impact on the financial statements.
Segment Information
Yen (millions)
For the six months ended September 30, 2019
North
ElimiAsia
Total
Other
Americanations

Consolidated

Japan

EuropeRevenue:
Externalcustomers..................
Inter-segment ............

59,763
94,846

107,990
3,557

35,265
2,066

12,567100,220

215,585
200,689

27,962258(200,947)

243,547-

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

154,609111,547

37,331

112,787

416,274

28,220(200,947)

243,547

Operating profit (loss) ...

13,692

6,644(1,662)

10,45529,129476

2,811

32,416

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

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,
2019
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............................................................................

(%)

(%)

243,547
0.3
50,500 15.6
193,047(3.0)
32,416 (19.1)
34,475 (18.4)
24,979 (15.8)
92.01
10.00
10.9
16,908283,156 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
17,885

Yen (millions)
For the year ending
For the year ended
March 31, 2021
March 31, 2020
(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.....................................................................

492,6170.4
100,6979.3
391,920(1.6)
64,046 (18.2)
66,008 (17.4)
47,731 (14.4)
175.8053.00
30.1
17,090(%)

530,000 7.6
106,000 5.3
424,000 8.2
67,500 5.4
67,500 2.3
48,000 0.6
176.78-Notes:
1. Please refer to [SUPPLEMENT INFORMATION (CONSOLIDATED)] Section 3 “Outlook for the fiscal year ending March
31, 2021” 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,
2019

Yen (millions)
For the six months
ended September 30,
2020

(%)

(%)

50,500107,538
34,363
19,64812,86814,297
4,333
243,547

15.6
2.0
(5.4)
(3.9)
(7.5)
(7.1)
(42.8)
0.3

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

For the year ended
March 31, 2020(%)

100,697
216,230
72,30438,99826,00028,421
9,967
492,617

9.3
1.4
(0.3)
(4.7)
(6.5)
(6.0)
(27.6)
0.4

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 “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,
2019

For the six
months ended
September 30,
2020

108.60121.4015.68

106.93121.3415.26

108.70120.81
15.60

For the six
months ended
September 30, 2019

For the six
months ended
September 30, 2020

Composition ratio

Composition ratio

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

For the year
ended March 31,
2020

For the year
ending March
31, 2021(Forecast)
106
121
15.4

(4) Production Ratio (unit basis)

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

10.5%
89.5%

7.8%
92.2%

For the year
ended
March 31, 2020
Composition ratio

10.7%
89.3%

(5) Consolidated Capital Expenditures, Depreciation and Amortization, and R&D cost
For the six
months ended
September 30,
2019
Capital expenditures..................
Depreciation and amortization ...
R&D cost ..................................

16,8396,065
5,706

Yen (millions)
For the six
For the year
months ended
ended
September 30,
March 31, 2020
2020
23,4346,436
6,306

English translation of "KESSAN TANSHIN" originally issued in Japanese

44,40912,058
11,601For the year
endingMarch 31, 2021
(Forecast)
58,00014,00013,20012