UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

For the month of November, 2010

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 x          Form 40-F o

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):  o

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 o                No x

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.

Date: November 26, 2010

Makita Corporation

The 99th Interim Business Report
Ended September 30, 2010
(U.S. GAAP Financial Information)

(English translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU”
interim business report originally issued in Japanese
for the benefit and information of shareholders
of the Company’s common stock)

Message from the Managements

     We are pleased to present the outline of operation and financial results for Makita’s 99th interim period, ended September 30, 2010.

n Consolidated Operating Result as Interim Period

     During the six months (the “period”) ended September 30, 2010, housing starts remained weak and the economic recovery was slow in Japan and the United States. However, in Western Europe, economic conditions recovered strongly in Germany and other countries in the euro area. Business conditions in Asia were steady, mainly led by the strong and continued growth of the Chinese economy. In emerging countries, the economies have generally been expanding. Capital investments and personal spending were very active, especially in Central and South America.

     The demand for power tools remained weak in Japan and the United States, while it recovered steadily in Western Europe and grew strongly in many emerging countries supported by the economic growth of these countries.

     Under such circumstances, in the development side, Makita continuously expanded its product lines, including those of power tools, rechargeable tools and gardening equipment through the development of smaller and lighter tools or tools with lower noise and vibration. In the production side, Makita responded quickly and flexibly to the change in demand, by increasing the production volume urgently in the Chinese plants which was reduced last year for inventory level adjustment. In the sales side, we also stepped up efforts to maintain and improve the structure of our sales and after-sale service based on direct communication with customers, which remains one of our group’s fortes.

n Recovery in overseas demand supported the first increase both in interim net sales and profits in two years

     In our consolidated financial results for the period, consolidated net sales increased by 12.7% to 133,807 million yen compared to the same period of the previous year, supported mainly by the strong demand for power tools in the overseas market, although appreciation of the yen value against major foreign currencies had some negative impact. Operating income increased 46.9% to 21,843 million yen (operating income ratio: 16.3%). This increase was mainly due to the increased sales and the improvement in the ratio of cost of sales resulting from the increased production volume. Income before income taxes increased by 25.9% to 21,751 million yen (income before income taxes ratio: 16.3%). Net income attributable to Makita Corporation increased by 42.4% to 15,122 million yen (net income attributable to Makita Corporation ratio: 11.3%).

     Net sales by region are as follows:

     Net sales in Japan increased by 6.5% to 22,182 million yen compared to the same period of the previous year. This increase was because sales of lithium-ion battery products and pneumatic tools were strong, although the market conditions remained severe.

     Net sales in Europe increased by 10.4 % to 57,028 million yen due to the steady demand in Germany and other countries in Western Europe and the market recovery in Eastern Europe and Russia.

     Net sales in North America increased only by 3.8% to 18,472 million yen. This increase was because housing starts remained weak in the Unites states and no strong economic recovery has been seen.

     Net sales in Asia increased 32.1% to 11,388 million yen supported by the demand recovery in Southeast Asian countries.

     Net sales in other regions grew strongly mainly due to economic recovery resulting from the increased natural resource prices. Net sales in Central and South America increased by 30.1% to 9,622 million yen; sales in Oceania increased by 20.7% to 7,888 million yen; and sales in the Middle East and Africa increased by 23.4% to 7,227 million yen.

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

n Outlook for the year ending March 31, 2011 and Issue to be Addressed

     Although modest demand recovery is expected in Europe, the conditions of the construction market in Japan and the United States will remain severe. In Asia and other emerging countries, the power tool market is expected to expand supported by strong demand of low-priced products. The exchange market is unpredictable, considering the movement in Renminbi and the lowest-ever U.S. dollar value. Thus, the business environment for Makita is expected to remain severe.

     Under these circumstances, Makita aims to establish high brand recognition and become a “Strong Company” capable of acquiring and maintaining the top market share as an international total supplier of power tools for professional use, pneumatic tools, gardening equipment and other tools in each international region. To achieve these objectives, we will strive to reinforce its R&D and product development activities to deliver more user-friendly, earth-conscious power tools and gardening equipment. We will also strengthen the technical development of compact engines. The global production organizations will be strengthened to respond to changes in demand conditions. In addition, we will put focus on maintaining and strengthening a sales and after-sales service structure that leads the industry both in the domestic and overseas markets.

n The Interim Cash Dividends of 15 Yen Per Share

     Makita’s basic policy on the distribution of profits is to maintain a dividend payout ratio of at least 30%, with a lower limit on annual cash dividends of 18 yen per share.

     For the interim period under review, Makita declared to pay a dividend of 15 yen per share, as announced in April 2010.

     Based on its dividend policy, Makita’s board of directors will decide on proposals for the dividend for the end of the fiscal year at their meeting to approve the financial statements after they are finalized near the end of April 2011. Their proposals will be presented for discussion and final approval at the Ordinary General Meeting of Shareholders.

     We look forward to the continuing support and cooperation of our shareholders.

		November 2010
		Masahiko Goto
		President, Representative Director &
		Chief Executive Officer

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Feature Section

n Makita Environmental Preservation Effort

     Makita’s environmental policy places emphasis on conducting a wide range of biodiversity-conscious environmental protection activities.

     As part of efforts to reduce environmental burden of our operations, our Okazaki Plant (Aichi Prefecture) purifies waste water in its water treatment facility before discharging the waste water to public water. In the purification course, waste water is purified in compliance with requirements set by law and ordinance, and in accordance with directives of the Yahagi River Basin Water Quality Preservation Association, and our self-imposed voluntary standards which are stricter than those regulatory requirements and directives. We are committed to preservation of quality of river and sea water, aiming to contribute to environmental preservation. We also supported the 10th Conference of the Parties to the Convention on Biological Diversity (COP10) held in Nagoya this October, advocating its purport.

n Environmentally-friendly 36V Lithium-Ion Battery Gardening Equipment Series Launched

     In April 2010, we launched the Gardening equipment Series operating with 36V lithium-ion batteries. This Series emits no exhaust gas, features lower noise and vibrations, and provides strong power comparable to that of engine-powered equipment. It is suitable for use in residential areas, public facilities, resort facilities and other places where considerations for neighbors are necessary.

     While most gardening equipment in the market use engines because of their power requirement and portability, we provide to users four-stroke engine products that emit far less toxic exhaust gas than two-stroke engine products and newly launched lithium-ion battery products. We will continue the development of environmentally-friendly products.

n Strengthening of Global Network

     We are establishing and expanding our distribution network to ensure, as an international total supplier of power tools for professional use, that customers around the world can use our products safely for long years.

     In June 2010, we completed a new office building of the sales subsidiary in Switzerland. The new office building in Switzerland has larger office and warehouse spaces than the former site. The service system was reinforced in order to respond to customers’ needs more accurately. Facilities to improve our customer service are also provided, including a product show room space and a training space. In May 2010, we opened a representative office in St. Petersburg, the second largest city in Russia, as an after-sales service site.

     In the future, we will continue our efforts to improve customer satisfaction and establish high brand recognition by maintaining and further reinforcing our best sales and after-sales service structure in the industry.

n Exhibition in the DIY Show

     Makita exhibited in the JAPAN DIY HOMECENTER SHOW 2010 held at Makuhari Messe International Convention Hall (Chiba City) from August 26 to 28, 2010, following last years. DIY-related products available in the market were exhibited in this trade show. 438 companies exhibited in the trade show this year, with about 80,000 visitors. The Makita booth also had a great number of visitors.

     Many visitors experienced our products in the Makita booth and admired, among others, the powerful performance of our compact rechargeable circular saw (HS300DW). It was a great opportunity to be able to appeal the advantages of Makita products by offering visitors personal experience to use Makita products.

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Consolidated Financial Highlights

		Yen (millions)
		For the six				For the six				For the six
		months				months				months
		ended				ended				ended				Rate of				For the year
		September				September				September				change				ended March
		30, 2008				30, 2009				30, 2010				(%)				31, 2010
Net Sales			175,558				118,681				133,807				12.7				245,823
Operating Income			36,047				14,866				21,843				46.9				30,390
Ratio of Operating Income to Net Sales (%)			20.5%				12.5%				16.3%				—				12.4%
Income before Income Taxes			34,710				17,271				21,751				25.9				33,518
Net Income Attributable to Makita Corporation			24,851				10,622				15,122				42.4				22,258
Ratio of Net Income Attributable to Makita Corporation to Net Sales (%)			14.2%				9.0%				11.3%				—				9.1%
		As of				As of				As of				Rate of				As of
		September				September				September				change				March 31,
		30, 2008				30, 2009				30, 2010				(%)				2010
Total Makita Corporation Shareholders’ Equity			316,519				285,830				290,719				1.7				297,207
Total Assets			382,000				335,361				348,411				3.9				349,839
Ratio of Total Makita Corporation Shareholders’ Equity to Total Assets (%)			82.9%				85.2%				83.4%				—				85.0%
		For the six				For the six				For the six
		months				months				months
		ended				ended				ended				Rate of				For the year
		September				September				September				change				ended March
		30, 2008				30, 2009				30, 2010				(%)				31, 2010
Capital Expenditures			9,827				6,702				4,855				(27.6	)			10,837
Depreciation and Amortization			4,426				4,071				3,636				(10.7	)			8,308
Research and Development Cost			3,493				3,324				3,549				6.8				6,782
Number of Employees			10,799				10,131				11,368				12.2				10,328
Average Number of Shares Outstanding			141,521,162				137,762,814				137,759,993				—				137,762,051
Earning Per Share (Basic) Net Income Attributable to Makita Corporation Common Shareholders (Yen)			175.6				77.1				109.8				42.4				161.6
Cash Dividends Per Share (Yen)			30.0				15.0				15.0				—				52.0

	Notes:
	1.		In principle, amounts of less than 1 million yen have been rounded.
	2.		Certain reclassifications have been made to the previous years’ consolidated financial statements to conform with the presentation used for the six months ended September 30, 2009. The meaning of “Net income attributable to Makita Corporation” is the same as the former “Net income”.

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Consolidated Net Sales by Region

		Yen (billions)
		For the six months ended
		September				March 31,				September				March 31,				September
		30, 2008				2009				30, 2009				2010				30, 2010
Japan			24.4				21.8				20.8				21.9				22.2
Europe			83.1				54.0				51.7				57.5				57.0
North America			25.8				16.5				17.8				16.7				18.5
Asia			13.2				8.8				8.6				9.7				11.4
Other Regions			29.1				17.4				19.8				21.3				24.7
Total			175.6				118.5				118.7				127.1				133.8

Note: The table above sets forth Makita’s consolidated net sales by region based on customer location for the periods presented.

Profit Ratio

		%
		For the six months ended
		September				March 31,				September				March 31,				September
		30, 2008				2009				30, 2009				2010				30, 2010
Ratio of Operating Income to Net Sales			20.5				11.8				12.5				12.2				16.3
Ratio of Net Income Attributable to Makita Corporation to Net Sales			14.2				7.1				9.0				9.2				11.3

Production by Region

		Million units
		For the six months ended
		September				March 31,				September				March 31,				September
		30, 2008				2009				30, 2009				2010				30, 2010
Japan			2.34				1.54				1.09				1.25				1.70
Europe			1.25				0.95				0.52				0.73				1.22
North America			0.71				0.56				0.29				0.40				0.56
China			6.98				5.09				3.80				5.49				6.77
Central and South America			0.32				0.24				0.23				0.15				0.29
Total			11.60				8.38				5.93				8.02				10.54

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Total Makita Corporation Shareholders’ Equity per Share

		Yen
		As of
		September				March 31,				September				March 31,				September
		30, 2008				2009				30, 2009				2010				30, 2010
Total Makita Corporation Shareholders’ Equity per Share			2,249				2,058				2,075				2,157				2,110

Earning Per Share (Basic) Net Income Attributable to

Makita Corporation Common Shareholders

		Yen
		For the year				For the year				For the year				For the year				For the year
		ended March				ended March				ended March				ended March				ending March
		31, 2007				31, 2008				31, 2009				31, 2010				31, 2011
Earning Per Share (Basic) Net Income Attributable to Makita Corporation Common Shareholders for the Interim Period			107.1				164.2				175.6				77.1				109.8
Earning Per Share (Basic) Net Income Attributable to Makita Corporation Common Shareholders for the Year			257.3				320.3				236.9				161.6				—

Cash Dividend per Share

		Yen
		For the year				For the year				For the year				For the year				For the year
		ended March				ended March				ended March				ended March				ending March
		31, 2007				31, 2008				31, 2009				31, 2010				31, 2011
Cash dividend per share for the Interim Period			19				30				30				15				15
Cash dividend per Share for the Year			74				97				80				52			Undecided

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Condensed Consolidated Balance Sheets

		Yen (millions)
						As of
		As of				September 30,				Increase
		March 31, 2010				2010				(Decrease)
ASSETS
CURRENT ASSETS:
Cash and Cash Equivalents			62,290				57,666				(4,624	)
Time Deposits			8,383				10,996				2,613
Short-term investments			33,639				33,950				311
Notes Receivable in Trade			2,214				2,040				(174	)
Accounts Receivable in Trade			43,680				44,041				361
Less-Allowance for Doubtful Receivables			(1,010	)			(845	)			165
Inventories			88,811				91,735				2,924
Deferred Income Taxes			6,434				6,221				(213	)
Prepaid Expenses and Other Current Assets			9,356				9,339				(17	)
Total Current Assets			253,797				255,143				1,346
PROPERTY, PLANT AND EQUIPMENT:
Land			19,050				18,618				(432	)
Buildings and Improvements			70,668				69,709				(959	)
Machinery and Equipment			74,652				72,965				(1,687	)
Construction in Progress			2,257				3,349				1,092
Less-Accumulated Depreciation			(93,427	)			(93,551	)			(124	)
Total Net Property, Plant and Equipment			73,200				71,090				(2,110	)
INVESTMENTS AND OTHER ASSETS:
Investments			15,166				14,449				(717	)
Deferred Income Taxes			1,611				1,815				204
Other Assets			6,065				5,914				(151	)
Total Investments and Other Assets			22,842				22,178				(664	)
TOTAL ASSETS			349,839				348,411				(1,428	)

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Condensed Consolidated Balance Sheets

Yen (millions)
		Yen (millions)
		As of				As of September				Increase
		March 31, 2010				30, 2010				(Decrease)
LIABILITIES
CURRENT LIABILITIES:
Short-term Borrowings			385				289				(96	)
Trade Notes and Accounts Payable			18,359				21,722				3,363
Accrued Payroll			6,835				6,877				42
Accrued Expenses and Others			15,120				17,068				1,948
Income Taxes Payable			1,722				2,581				859
Deferred Income Taxes			40				78				38
Total Current Liabilities			42,461				48,615				6,154
LONG-TERM LIABILITIES:
Long-term Indebtedness			544				533				(11	)
Accrued Retirement and Termination Benefits			3,778				3,006				(772	)
Deferred Income Taxes			677				682				5
Other Liabilities			2,706				2,550				(156	)
Total Long-term Liabilities			7,705				6,771				(934	)
Total Liabilities			50,166				55,386				5,220
EQUITY
MAKITA CORPORATION SHAREHOLDERS’ EQUITY:
Common Stock			23,805				23,805				—
Additional Paid-in Capital			45,420				45,420				—
Legal Reserve and Retained Earnings			276,459				286,484				10,025
Accumulated Other Comprehensive Income (Loss)			(42,032	)			(58,543	)			(16,511	)
Treasury Stock, at cost			(6,445	)			(6,447	)			(2	)
Total Makita Corporation Shareholders’ Equity			297,207				290,719				(6,488	)
NONCONTROLING INTEREST			2,466				2,306				(160	)
Total Equity			299,673				293,025				(6,648	)
TOTAL LIABILITIES AND EQUITY			349,839				348,411				(1,428	)

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Consolidated Statements of Income

		Yen (millions)
		For the six				For the six
		months ended				months ended
		September 30,				September 30,				Increase
		2009				2010				(Decrease)
										(Amount)				(%)
NET SALES			118,681				133,807				15,126				12.7
Cost of Sales			72,454				81,270				8,816				12.2
GROSS PROFIT			46,227				52,537				6,310				13.7
Selling, General, Administrative and other Expenses			31,361				30,694				(667	)			(2.1	)
OPERATING INCOME			14,866				21,843				6,977				46.9
OTHER INCOME (EXPENSES):
Interest and Dividend Income			356				633				277				77.8
Interest Expense			(48	)			(18	)			30				(62.5	)
Exchange Gains (Losses) on Foreign Currency Transactions, net			1,946				(811	)			(2,757	)			-
Realized Gains (Losses) on Securities, net			151				104				(47	)			(31.1	)
Total			2,405				(92	)			(2,497	)			-
INCOME BEFORE INCOME TAXES			17,271				21,751				4,480				25.9
PROVISION FOR INCOME TAXES
Current			4,964				5,452				488				9.8
Deferred			1,544				981				(563	)			(36.5	)
Total			6,508				6,433				(75	)			(1.2	)
NET INCOME			10,763				15,318				4,555				42.3
Less: Net Income Attributable to the Noncontrolling Interest			(141	)			(196	)			(55	)			39.0
NET INCOME ATTRIBUTABLE TO MAKITA CORPORATION			10,622				15,122				4,500				42.4

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Consolidated Statements of Cash Flows

		Yen (millions)
		For the six months				For the six months
		ended September 30,				ended September 30,
		2009				2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income Attributable to Makita Corporation			10,763				15,318
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and Amortization			4,071				3,636
Provision for Deferred Income Taxes			1,544				981
Realized Losses (Gains) on Securities, net			(151	)			(104	)
Losses on Disposals or Sales of Property, Plant & Equipment			92				49
Changes in Assets and Liabilities:
Trade Receivable			(200	)			(3,187	)
Inventories			14,841				(10,393	)
Trade Notes and Accounts Payables and Accrued Expenses			(2,886	)			5,890
Income Taxes Payable			897				1,221
Accrued Retirement and Termination Benefits			(639	)			(521	)
Other, net			(18	)			1,395
Net Cash Provided by Operating Activities			28,314				14,285
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures			(6,702	)			(4,855	)
Purchases of Available-for-sale Securities			(4,341	)			(2,400	)
Purchases of Held-to-maturity Securities			—				(1,640	)
Proceeds from Sales of Available-for-sale Securities			1,119				405
Proceeds from Maturities of Available-for-sale Securities			—				500
Proceeds from Maturities of Held-to-maturity Securities			200				700
Proceeds from Sales of Property, Plant and Equipment			273				150
Decrease (Increase) in Time Deposits			(1,506	)			(3,026	)
Other, net			(19	)			(20	)
Net Cash Used in Investing Activities			(10,976	)			(10,186	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (Decrease) in Short-term borrowings			204				(51	)
Purchase and Sales of Treasury stock			(5	)			(2	)
Cash Dividends Paid			(6,888	)			(5,097	)
Other, net			(265	)			(188	)
Net Cash Used in Financing Activities			(6,954	)			(5,338	)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS			(2,651	)			(3,385	)
NET CHANGE IN CASH AND CASH EQUIVALENTS			7,733				(4,624	)
CASH AND CASH EQUIVALENTS, Beginning of Period			34,215				62,290
CASH AND CASH EQUIVALENTS, End of Period			41,948				57,666

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Operating Segment Information

For the six months ended September 30, 2009
		Yen (millions)
																										Corporate
										North																and elimi-				Consoli-
		Japan				Europe				America				Asia				Other				Total				nations				dated
Sales:
(1) External Customers			26,695				51,977				17,681				4,341				17,987				118,681				—				118,681
(2) Inter-Segment			14,093				1,189				884				25,308				44				41,518				(41,518	)			—
Total			40,788				53,166				18,565				29,649				18,031				160,199				(41,518	)			118,681
Operating Expenses			42,567				47,224				18,380				25,592				16,752				150,515				(46,700	)			103,815
Operating Income (Loss)			(1,779	)			5,942				185				4,057				1,279				9,684				5,182				14,866
Identifiable Assets			231,795				106,573				29,447				48,000				36,278				452,093				(116,732	)			335,361

For the six months ended September 30, 2010
		Yen (millions)
																										Corporate
										North																and elimi-				Consoli-
		Japan				Europe				America				Asia				Other				Total				nations				dated
Sales:
(1) External Customers			30,340				56,830				18,542				5,978				22,117				133,807				—				133,807
(2) Inter-Segment			22,583				1,385				1,388				46,377				48				71,781				(71,781	)			—
Total			52,923				58,215				19,930				52,355				22,165				205,588				(71,781	)			133,807
Operating Expenses			49,369				50,716				18,908				45,597				18,966				183,556				(71,592	)			111,964
Operating Income (Loss)			3,554				7,499				1,022				6,758				3,199				22,032				(189	)			21,843
Identifiable Assets			230,227				107,500				30,800				62,657				39,679				470,863				(122,452	)			348,411

Note: Segment information is determined by the location of the Company and its consolidated subsidiaries.

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Condition of Shareholders and Shares

(As of September 30, 2010)

Total Number of Shares Authorized		496,000,000 shares
Total Number of Shares Outstanding		140,008,760 shares (including 2,249,091 shares of treasury stock)
Number of Shareholders		16,666 (1,394 increase compared with as of March 31, 2010)

10 Largest Shareholders

		Number of Shares Held
Name of Shareholder		Units (thousand)				%
The Master Trust Bank of Japan, Ltd. (Trust account)			10,193				7.28
Japan Trustee Services Bank, Ltd. (Trust account)			8,659				6.18
The Bank of New York Mellon as Depositary Bank for DR Holders			4,252				3.04
The Bank of Tokyo-Mitsubishi UFJ, Ltd			4,213				3.01
Nippon Life Insurance Company			4,013				2.86
Makita Cooperation Companies’ Investment Association			3,904				2.79
Maruwa Co.,Ltd.			3,669				2.62
Sumitomo Mitsui Banking Corporation			2,900				2.07
Masahiko Goto			1,987				1.42
The Nomura Trust and Banking Co., Ltd (Trust account)			1,956				1.40
Total			45,746				32.67

Note			1.			Shares holding ratios above are calculated based on the total number of issued shares (including treasury stock) as of September 30, 2010.
			2.			The Bank of New York Mellon as Depositary Bank for DR Holders is the nominal holder of the shares of The Bank of New York Mellon, the trustee bank for the Company’s American Depositary Shares.
			3.			In addition to the above, the Company owns 2,249 thousand shares of treasury stock.

Distribution of Share-ownership

		Number of Shares Held
Class of Shareholder		Units(thousand)				%
Financial Institutions and Securities Firms			52,796				37.7
Japanese Individuals and Other			25,762				18.4
Foreign Investors			42,213				30.2
Other Japanese Business Corporations			16,989				12.1
Treasury Stock			2,249				1.6

		Number of Shareholders
Class of Shareholder		Units				%
Financial Institutions and Securities Firms			135				0.8
Japanese Individuals and Other			15,747				94.5
Foreign Investors			404				2.4
Other Japanese Business Corporations			379				2.3
Treasury Stock			1				0.0

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Price per Share and Volume of Shares Traded on The Tokyo Stock Exchange
		2010
		April				May				June				July				August				September
High (yen)			3,265				2,882				2,727				2,790				2,647				2,676
Low (yen)			2,810				2,375				2,380				2,340				2,382				2,352
Volume (thousand shares)			21,144				18,175				16,197				17,002				17,574				12,440

Note:		The highest price, lowest price, and total volume of shares traded on The Tokyo Stock Exchange for the six months ended September 30, 2010 were as follows:

The highest price per share:		3,265 yen marked on April 2, 2010
The lowest price per share:		2,340 yen marked on July 2, 2010
Total volume of shares traded:		102,532 thousand shares

Basic policy regarding profit distribution and to repurchases of its outstanding shares

     Makita’s basic policy on the distribution of profits was established in the fiscal year ended March 31, 2004 is to maintain a dividend payout ratio of 30% or greater, with a lower limit on annual cash dividends of 18 yen per share. However, in the event special circumstances arise, computation of the amount of dividends will be based on net income attributable to Makita Corporation after certain adjustments. With respect to repurchases of its outstanding shares, Makita aims to implement a flexible capital policy, augment the efficiency of its capital employment, and thereby boost shareholder profit. Also Makita continues to consider execution of own share repurchases in light of trends in stock prices.

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Corporate Data

(As of September 30, 2010)

Makita Corporation

3-11-8, Sumiyoshi-cho, Anjo, Aichi 446-8502, Japan
Phone: (0566) 98-1711
Website: http://www.makita.biz/

Date of founding		March 21, 1915
Date of incorporation		December 10, 1938
Paid-in Capital		24,206 million yen (non-consolidated)
Description of business		Production and sales of electric power tools, pneumatic tools, gardening equipment and household products
Number of consolidated subsidiaries		48(Domestic 2, Overseas 46)
Plants		Two in Japan, seven outside of Japan (two in China, and one each in the United States, Brazil, the United Kingdom, Germany and Romania)
Number of Employees		11,368 (consolidated) 2,890 (non-consolidated)

Board of Directors

President and Representative Director		Masahiko Goto
Director, Managing Corporate Officers		Yasuhiko Kanzaki		(In Charge of International Sales and General Manager of International Sales Headquarters: Europe, the Middle East and Africa Region)
		Tadayoshi Torii		(In Charge of Production and General Manager of Production Headquarters)
		Shiro Hori		(In Charge of International Sales and General Manager of International Sales Headquarters: America, Asia, and Oceania Region)
Director, Corporate Officers		Tomoyasu Kato		(General Manager of Research and Development Headquarters)
		Tadashi Asanuma		(In Charge of Domestic Sales and General Manager of Domestic Sales Marketing Headquarters)
		Hisayoshi Niwa		(General Manager of Quality Headquarters)
		Shinichiro Tomita		(General Manager of Purchasing Headquarters)
		Tetsuhisa Kaneko		(General Manager of Production Headquarters (In Charge of China Plant))
		Yoji Aoki		(General Manager of Administration Headquarters)
Outside Director		Motohiko Yokoyama		(Representative Director of JTEKT Corporation)

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Board of Statutory Auditors

Standing Statutory Auditors		Toshihito Yamazoe
		Haruhito Hisatsune		(Outside Auditor)
Statutory Auditors		Masafumi Nakamura		(Outside Auditor, Certified Accountant)
		Michiyuki Kondo		(Outside Auditor, Lawyer)

Corporate officers

Corporate Officers		Zenji Mashiko		(General Manager of Domestic Sales Marketing Headquarters: Tokyo Area)
		Toshio Hyuga		(General Manager of Domestic Sales Marketing Headquarters: Osaka Area)
		Hiroshi Okamoto		(President of Makita U.S.A. Inc)
		Tamiro Kishima		(Senior Managing Director of Dolmar G.m.b.H)
		Osamu Yokoyama		(Assistant General Manager of Purchasing Headquarters (In Charge of OEM Accessory Marketing))

Note:

The Company has designated Mr. Motohiko Yokoyama, a Director, and Messrs. Haruhito Hisatsune, Masafumi Nakamura and Michiyuki Kondo, Statutory Auditors, as the “Independent Director(s)/Statutory Auditor(s)” as required by the regulations of the Tokyo Stock Exchange, Inc. and the Nagoya Stock Exchange, Inc. and made required notification therefor to these Stock Exchanges.

Independent Registered Public Accounting Firm

     KPMG AZSA LLC

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese

Information on Shares

(As of September 30, 2010)

Fiscal period		The one (1) year period from April 1 of each year to March 31 of the following year
Ordinary general meeting of shareholders		June
Number of shares constituting one unit		100 shares
Record dates		1) Ordinary general meeting of shareholders and cash dividends for the second half           March 31 of each year
		2) Cash dividends for the interim period           September 30 of each year
Transfer agent of common stock		The Chuo Mitsui Trust and Banking Company, Limited 33-1, Shiba 3-chome, Minato-ku, Tokyo 105-8574, Japan
Its handling office		The Chuo Mitsui Trust and Banking Company, Limited Nagoya Branch Office 15-33, Sakae 3-chome, Naka-ku, Nagoya, Aichi 460-8685, Japan Website: http://www.chuomitsui.co.jp/person/p_06.html
Its liaison offices		Head office and nationwide branch offices of The Chuo Mitsui Trust and Banking Company, Limited Head office and nationwide branch offices of Japan Securities Agents, Ltd.
Means of public notice		Website: http://www.makita.co.jp/ir/index1.htm
Common stock listings		Domestic		Tokyo and Nagoya stock exchanges (stock code: 6586)
		Overseas		American Depositary Receipts: The Nasdaq Global Select Market (Symbol: MKTAY)

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English Translation of “CHUKAN-KI JIGYOU NO GOHOUKOKU” originally issued in Japanese