UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2011
Commission file number 0-12602
MAKITA CORPORATION
(Translation of registrant’s name into English)
3-11-8, Sumiyoshi-cho, Anjo City, Aichi Prefecture, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F þ Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1): x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): ¨
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MAKITA CORPORATION |
| (Registrant) |
| By: | /s/ Masahiko Goto |
|||
| Masahiko Goto | ||||
| President, Representative Director and Chief Executive Officer |
Date: April 28, 2011
For immediate release
April 28, 2011
| Company name: |
Makita Corporation | |
| Representative: |
Masahiko Goto, President, Representative Director & CEO | |
| Stock ticker code: |
6586 |
Announcement of Dividends from Retained Earnings (Year-end dividend)
Makita Corporation announces that its Board of Directors, at a meeting held today, has resolved on the following scheduled year-end cash dividend as of the date of record on March 31, 2011.
The proposed dividend will be finalized by the Shareholders’ meeting on June 28, 2011.
1. Dividend details
| Yen | ||||||||||||
| Scheduled dividend | Previous forecast | Dividend paid fiscal year ended March 31, 2010 |
||||||||||
| Record date |
March 31, 2011 | March 31, 2011 | March 31, 2010 | |||||||||
| Dividend per share |
51.00 yen | — | 37.00 yen | |||||||||
| Total amount of dividends |
7,026 million yen | — | 5,097 million yen | |||||||||
| Effective date |
|
June 29, 2011 (Proposed |
) |
— | June 28, 2010 | |||||||
| Resource for dividends |
Retained earnings | — | Retained earnings | |||||||||
2. Reason
The Company’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 18 yen per share. For the term under review, taking into consideration this basic policy and the future business environment, the company plans to propose that the annual cash dividend of 66 yen. The year-end cash dividend after deduction of the interim cash dividend of 15 yen, is calculated to 51 yen per share.
(Reference)
| Yen | ||||||||||||
| Dividend per share | ||||||||||||
| Interim | Year-end | Annual | ||||||||||
| Date of record |
||||||||||||
| Fiscal year ended March 31, 2011 |
15.00 | 51.00 | 66.00 | |||||||||
| Previous year ended March 31, 2010 |
15.00 | 37.00 | 52.00 | |||||||||
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| English Translation of press release originally issued in Japanese language |