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, 2003
MAKITA CORPORATION
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(Translation of registrant's name into English)
3-11-8, Sumiyoshi-cho, Anjo City, Aichi Prefecture, Japan
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:]
Form 20-F [X] Form 40-F [ ]
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[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 [X]
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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
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(Registrant)
By: /s/ Masahiko Goto
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(Signature)
Masahiko Goto
President
Date: April 4, 2003
For immediate release
April 4, 2003
Company name: MAKITA CORPORATION
Representative: Masahiko Goto, President
Code number: 6586
Stock exchange listings: First sections of the Tokyo and
Nagoya stock exchanges
For further information: contact to Kenichiro Nakai, Director and General
Manager of the Administration Headquarters
Telephone: In Japan: 0566- 97-1717, from overseas: +81-566-97-1717
EVALUATION LOSSES ON SECURITIES FOR THE FISCAL YEAR ENDED MARCH 31, 2003
We hereby inform you that Makita Corporation ("the Company") expects to report
the following evaluation losses (write-downs from previous book value) on
securities for the fiscal year ended March 31, 2003 (fiscal 2003).
1. EVALUATION LOSSES ON SECURITIES AND COMPARISONS WITH OTHER FINANCIAL
INDICATORS
Parent Company Consolidated Accounts
(under Japanese GAAP) (under U.S. GAAP)
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(A) Evaluation losses on securities 2,800 million yen 2,500 million yen
in fiscal 2003
(B) Total shareholders' equity 189,997 million yen 189,939 million yen
in fiscal 2002
(A/B x 100) (1.5%) (1.3%)
(C) Ordinary profit in fiscal 2002 9,494 million yen --
(A/C x 100) (29.5%) (--)
(D) Income before income taxes 3,488 million yen 3,403 million yen
in fiscal 2002
(A/D x 100) (80.3%) (73.5%)
(E) Net income in fiscal 2002 2,100 million yen 133 million yen
(A/E x 100) (133.3%) (1879.7%)
(F) Average annual net income from 4,535 million yen 3,671 million yen
fiscal 1998 through fiscal 2002
(A/F x 100) (61.7%) (68.1%)
2. OUTLOOK
The Company is currently recalculating the outlook for the full fiscal year,
and, if a revision in the outlook is deemed necessary, a separate announcement
will be made.
Notes:
1. The Company's fiscal year end is March 31.
2. This news release is an English translation of a Japanese language
announcement issued under the rules of the Tokyo and Nagoya stock exchanges.