Guideline to the Code of Ethics
This guideline (the “Guideline”) embodies the code of ethics (the “Code of Ethics”)
of Makita Corporation and its subsidiaries (collectively referred to as “Makita” orthe “Company”) upon which directors, audit & supervisory board members,
officers, corporate officers and employees of the Company shall conduct theirbusiness in day-to-day operations.
If any uncertainty arises during the course of daily business operation withrespect to ethical behavior and compliance, please refer to the instruction of thisGuideline. If you have any questions, you are expected to communicate to yoursuperior, or a section indicated by the Company, for example, Human Resources
Section.
Failure to comply with this Guideline may result in disciplinary action according
to the Company’s rule.
When a person who is involved in a violation confesses before the revelation ofthe case, disciplinary action may be reduced.
1. Compliance with Applicable Laws and Regulations
For purposes of this Code of Ethics, you are expected to fully understand andadhere to the requirements under all applicable governmental and local laws andregulations with respect to Makita’s business activities.
2. Compliance with Company Policy
You are expected to understand and adhere to the Company Policy including
employee work rule.
You are prohibited from performing any act which is contrary to the Company’s
legitimate interests or which impairs the Company’s credit or reputation.
You shall use Makita’s asset, both tangible and intangible, only for legitimate
business purposes of the Company.
You are prohibited from engaging in political, religious, or any other activity in thework place that is irrelevant to the Company’s business operations.
3. Respect for Fundamental Human Rights
You shall have respect for fundamental human rights of individuals in every
aspect of corporate activity.
You shall not engage in and shall be opposed to any act, which discriminates
against certain people or damages dignity of individuals by reasons of race, color,age, sex, nationality, origin, family, sexual orientation, gender identity, maritalstatus, religion, political beliefs, physical or mental disability, health condition, etc.
(including all types of harassment, including sexual harassment and power
harassment). Furthermore, respect the diversity of individuals so that diverse
human resources can play an active role and exert their full potential.
Forced labor and child labor must also be thoroughly excluded.
4. Ethical Behavior
As a member of the society, you are required to act ethically in accordance withsocial common sense.
You must recognize the corporate ethics which Makita is expected to maintainand act according to social common sense, which is based on a highly moral andethical standard.

5. Environmental Matters
With respect to each stage of development, manufacturing, distribution, sale,service and disposal of Makita’s products, the Company is committed to improvethe efficiency of utilizing and recycling resources and energy, to reduce thenegative impact on the environment and to strive for conservation andpreservation of the environment including contributions for realizing adecarbonized society.
6. Maintenance of Proprietary and Confidential Information
You are required to safeguard and maintain the confidentiality of any information
including confidential information of the Company and such other confidential
information received from third parties during the course of your work. No
confidential information must be disclosed or used for any other purposes thanthe Company’s business.
When disclosure of our confidential information to a potential business partner isnecessary, you are required to ensure that an appropriate written nondisclosureagreement is signed prior to the disclosure.
Personal information shall be strictly managed and shall not be provided to a third
party without a justifiable reason or used for purposes not explicitly stated to theperson.
You are prohibited from revealing proprietary information of the Company andpersonal information or using it for any purposes even after your employment withthe Company terminates.
As for the inquiries from outside, you are expected to transfer them to eachdepartment in charge and you are not allowed to respond to them based on yourown judgement.
For example, inquiries from mass communications shall be transferred to anddealt by the General Affairs Department and inquiries from users shall betransferred to and dealt by the Sales Department (Sales Planning Division).
You shall not have any unauthorized access to or fraudulently obtain confidential
information of Makita’s business partners and businesses that compete with theCompany.
7. Restrictions on Gift, Business Entertainment and Corrupt Practice.
No gift or business entertainment shall be offered or given to the Company’sbusiness partners unless the said gift or business entertainment is consistent withcustomary business practices and socially acceptable standards.
No gift or business entertainment shall be accepted from the Company’s businesscustomers if it deviates from the social norm and is excessive in value.
It is strictly prohibited to offer any bribe without regard to National or Foreign
public employee or officer (including facilitation payments).
* Facilitation payment: Small cash payment for the purpose of facilitatingadministrative services. Banned in many countries.
8. Fair Disclosure
The Company is responsible for providing accurate and timely disclosures of
Makita’s operating results and business activities to its shareholders andinvestors in accordance with all applicable governmental laws and regulations.
Accordingly, you are responsible for respecting and cooperating towards suchaccurate and timely disclosures.

9. Insider Trading
When you become aware of material nonpublic information about the Company
or the Company’s business partners, you are prohibited from effecting securities
transactions of the Company or such business partners of the Company, until thematerial nonpublic information is made public. In addition, you are prohibited fromrecommending the other person to buy or sell Makita’s shares or the shares ofthe business partner for the purpose of making the other person profit or avoiding
the occurrence of the loss of the other person by buying or selling Makita’s sharesor the shares of the business partner, before the publication of the material
information.
No material nonpublic information shall be disclosed within or outside of theCompany without the necessity to perform the Company’s business activities andprior approval from your supervisor.
10. Antitrust Compliance and selection of Fair Business Partner
You shall not engage in any unfair trade and improper restriction of trade that areprohibited by laws and regulations related to anti-trust and unfair competition.
When dealing with the Company’s business partners, you shall not use theCompany’s dominant status to the detriment of its business partners.
You are required to maintain a fair and transparent relationship with any
stakeholders of the Company, and to deal with them impartially and in good faith.
When selecting the most appropriate vendor as the Business Partner, you shall
impartially consider and evaluate not only proposed terms and conditions, suchas quality, price, and its know-how, ability to develop technology, and stablesupply capability, but also whether such vendor is socially responsible incompliance with laws and social norms, respect for human rights (including
exclusion of child labor and forced labor), and consideration for the environment.
11. Improper Payments
You are required to maintain a resolute attitude towards anti-social activity ororganization, and you shall not maintain any relationship, including improperpayment to such organization and its affiliates therewith.
You are prohibited from dealing with any anti-social organization and its affiliates,including individuals, in any respect.
Whistle-blower protection policy
If you become aware of any suspected or actual violation of the Guideline, you
may take steps to report it via “Corporate Ethics Help Line”.
Please refer to the rule of “Regulations Regarding Corporate Ethics Help Line(Internal Reporting)” for whistle-blower protection policy.

Ethical Check List
When it is not clear as to what action needs to be taken during the course of theCompany’s daily business operation, please go through the following check list
before you take any actions. If you are still unsure of what to do, be sure to contact
your superior, the Contact Point designated by the Company or any otherappropriate department.
1. Is your behavior legal?
2. Does your behavior conform to Makita’s management philosophy and the Codeof Ethics?
3. How does your family come to think of your behavior?
4. Does your behavior seem ethical or proper to others?
5. Are you about to engage in activities that you believe is not right?