FYE2024
Operating Results(Fiscal Year ended March 31, 2024)

Munetoshi Goto
President, Representative Director0D\ 



FYE2024 Results
Variance toFYE2023

Revenue
DomesticOverseas¥741.4 billion¥123.2 billion¥618.2 billion

-3.0%
+0.2%
-3.7%

Overseas revenue ratio: 83.4% (FYE2023 83.9%)
Weighted average change for all foreign currencies:
6.1% depreciated in the value of the yen
Effect on revenue: Increase of ¥35.7 billion
1Revenue Growth (Local Currency Basis
Japan-DSDQ)<( )<( FYE20231H

FYE2024
2H

1H

2H


Revenue Growth (Local Currency Basis)-4.3%

Europe:HVWHUQ(XURSH)<( )<( 

(DVWHUQ(XURSH)<( )<( 

FYE2023



1H

FYE2024
2H

1H

2H



2

Revenue Growth (Local Currency Basis)
North America, Asia

1RUWK$PHULFD$VLD)<( )<( )<()<( 



FYE2023
1H

FYE2024
2H

1H

2H


Revenue Growth (Local Currency Basis)
Central & South America, Oceania, Mid-East/Africa&HQWUDO 6RXWK$PHULFD)<()<(2FHDQLD)<( )<( 0LG(DVW$IULFD)<()<(

20%10%0%-10%
FYE2023-20%

1H

FYE20242H

1H2H

3Outdoor Power Equipment (OPE)OPE Total

Battery Powered Wheelbarrow, Electric Lift
DCU601$OWKRXJKVDOHVRIQHZSURGXFWVDQG
WKH9PD[/LWKLXPLRQ%DWWHU\;*7 VHULHVUHPDLQHGVWHDG\VDOHVZHUHVOXJJLVKRYHUDOOEHFDXVHRIWKHLPSDFWRIH[WUHPHZHDWKHULQ
VXPPHUDQGRWKHUIDFWRUV

Variance to FYE2023‫ق‬Yen‫ك‬-3%

Variance to FYE2023‫ق‬Local currency‫ك‬-8٫

Cordless OPE
Variance to FYE2023‫ق‬Yen‫ك‬+6%

Variance to FYE2023‫ق‬Local currency‫ك‬same levelCordless Products
Cordless Products
Variance to FYE2023‫ق‬Yen‫ك‬-3%

Variance to FYE2023‫ق‬Local currency‫ك‬-9٫

Proportion of cordlessproducts in sales overall

54٫

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WKHLPSDFWRIWKHZHDNEXLOGLQJDQG
Cordless Vacuum Sweeper
VS001GFRQVWUXFWLRQPDUNHWZKLOHVDOHVRI
WKH9PD[/LWKLXPLRQ%DWWHU\ ;*7 
VHULHVFRQWLQXHWRH[SDQG

4

Production, Sales, Inventory
10 thousands of unit)<( )<( )<( )<( )<( <HDU2Q<HDU
Production

5,005

2,635

2,336

304

351

207

194

-6.1%

906

1,176

509

584

+14.7%

2,872

3,959

Japan

308

Europe577

North America-11.3%

102

119

143

75

52

-30.9%

1,778

2,488

3,148

1,743

1,391

-20.2%

Central andSouth America

107

142

187

101

115

+13.8%

External
Procurement

159291427202

163-19.1%

Asia

Sales

3,205

3,896

4,385

3,636

3,109

-14.5%

Inventory

1,437

1,791

2,837

2,038

1,428

-29.9%

䠄Reference䠅 Inventory month on hand by area (calculated by cost of sales)-DSDQ(XURSH1RUWK $PHULFD$VLD&HQWUDO DQG
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Mid-East/Africa &RQVROLGDWHG

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Operating profit, Cost of sales, SG&A)<()<(Revenue僊ELOOLRQ僊ELOOLRQCost of Sales僊ELOOLRQ僊ELOOLRQ

Cost of SalesRatio僊ELOOLRQ僊ELOOLRQ

Operating Profit僊ELOOLRQ僊ELOOLRQ

Operating ProfitRatio

SG&A Expenses
SG&A Ratio<HDU2Q<HDU'RZQSRLQWV8S
SRLQWV8S
SRLQWV5

Analysis of Operating Profit
Yen inbillions

+22.4

-14.4
66.2

+9.3
+9.5
+11.2
28.2



Financial Income (Expenses),Profit Before Income Taxes,
Profit Attributable to Owners of the Parent, EPS)LQDQFLDO,QFRPH([SHQVHV
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126

Capital expenditures, Depreciation
and amortization, R&D costs
Capital expenditures

Capital Expenditure highlights during the year

Yen in billions

Japan : Reconstruction of Okazaki warehouse

59.9 Romania : Construction of a warehouse

FYE2022

Estonia‫ ؟‬Construction of a new office

39.1

FYE202317.9

FYE2024

R&D costs

Depreciation and amortization

Yen in billions

Yen in billions)<()<(17.621.7)<(

24.8)<(

14.1)<(

14.9)<(

14.3


Corporate Governance
On April 26thn$QQRXQFHPHQWRI&KDQJHLQ5HSUHVHQWDWLYH'LUHFWRU
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Composition of the Board of Directors after the 112th Ordinary General Meetingof Shareholders scheduled in June 2024

59• Number of Directors‫ڀ؟‬‫ق‬one of whom is a woman‫ك‬• Outside Directors ratio‫ڀ؟‬٫‫ق‬RXWRI‫ك‬

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Forecast of Financial ResultsShareholder Return¾¾¾¾¾¾¾

Revenue Forecast
Analysis of Operating Profit (Forecast)
Capital expenditures, Depreciation and amortization,
R&D costs (Forecast)
Production, Sales, Inventory (Forecast)Inventory Optimization
Measures to realize management that is conscious ofcapital costs and the stock price
Shareholder Return

FYE2025 Revenue Forecast)<()<(<HDU2Q<HDURevenue僊ELOOLRQ 僊ELOOLRQDomestic僊ELOOLRQ僊ELOOLRQOverseas僊ELOOLRQ僊ELOOLRQ僊ELOOLRQ僊ELOOLRQSW僊ELOOLRQ僊ELOOLRQ?

僊

Overseas RevenueRatio

Operating Profit
Operating ProfitRatio
Profit Attributable toOwners of theParentEPS

8

Analysis of Operating Profit (Forecast)+15.4

Yen inbillions

-7.6
-5.6
-3.2

+9.8

75.0

66.2



Capital expenditures, Depreciation andamortization, R&D costs (Forecasts)

Capitalexpenditures
Depreciation andamortization
R&D costs)<()<(

¥17.9 billion¥29.0 billion¥24.8 billion¥25.0 billion¥14.3 billion¥15.5 billion

9

Production, Sales, Inventory (Forecast)
10 thousands of unit)<(Production)<(<HDU2Q<HDU

2,336

2,700+15.6%

Japan

194210+8.0%

Europe584

720+23.2%

North America

5266+27.5%

1,391

1,565

+12.5%

115

139+21.3%

Asia
Central andSouth America

External Procurement

163

192

+17.8%

Sales

3,109

2,960

-4.8%

1,428

1,360

-4.8%

Inventory

Inventory Optimization<HQLQELOOLRQ
0RQWKV PRQWKVInventory Optimization Initiatives
moving into full progressPRQWKVfPRQWKV  ,QYHQWRU\DPRXQW $[LVRQWKHOHIWVLGH  f,QYHQWRU\WXUQRYHU $[LVRQWKHULJKWVLGH

Inventory target has almost achieved.
10Measures to realize management that isconscious of capital costs and the stock price52(‫كق‬

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Analysis of the current situation•52(••

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Policy and targets for improvement     •6WRFN 3ULFH DQG 3%5 WLPHV•     $FKLHYLQJ52(DERYHWKHFRVWRIHTXLW\DQG
PDLQWDLQLQJFRQGLWLRQV([SDQVLRQRIHTXLW\VSUHDGE\UHGXFLQJWKHFRVWRIHTXLW\Matters to be addressed,PSURYHPHQWRI52(‫ڀ‬5HGXFWLRQRIH[FHVVLYHLQYHQWRU\RSWLPL]DWLRQ
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Shareholder Return
Dividend Policy

Total return ratio at 35% or more

FYE2024
Profit Attributable to Owners of the Parent

FYE2025¥43.7 billion¥51.0 billion¥162.13¥189.57--

Annual Cash Dividend Per Share

57 yen‫ق‬Note1)

Interim Dividend

10 yen20 yenEPS
Special Circumstance‫ق‬after tax‫ك‬Year-end Dividend
The repurchase of treasury shares
Total return ratio

47 yen‫ق‬Note1)¥10 billion‫ق‬Note2)(Note3)58.0%

35% or greater‫ق‬Note1‫ك‬At a meeting of the Board of Directors to be held in April 2025, the amount of dividends will be determinedso that the total return ratio is at least 35%.
‫ق‬Note2‫ك‬Refer to “Notice Concerning Repurchase of Treasury Shares” announced April 27th, 2023. Also refer to “NoticeConcerning Status and Completion of Repurchase of Treasury Shares” announced July 10th, 2023.
(Note3) We will consider purchasing of treasury shares in view of financial results, stock price level and free cash flow.

11

FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements based on Makita's own
projections and estimates in light of the information currently available. Due to therisks and uncertainties involved, actual results could vary materially from thecontent of these statements. Therefore, these statements should not beinterpreted as representation that such objectives will be achieved.

https://www.makita.biz/23‫ق‬Reference‫ك‬Exchange Rate‫ق‬Actual/Forecast‫ك‬
Sensitivity
Operating Profit
Sensitivity*

Operating Profit
Sensitivity*

FYE2024

FYE2025(FYE2024 Result‫ك‬(FYE2025 Forecast‫ك‬USD¥144.59¥145- ¥0.4 billion or less- ¥0.4 billion or moreEUR¥156.75¥155+¥0.9 billion or less+¥0.9 billion or less

RMB

¥20.13¥20.0 - ¥10.0 billion or less- ¥9.0 billion or more

*Under the condition of ¥ 1 depreciation of the yen12