UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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 October, 2008
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.
| MAKITA CORPORATION | ||||
| (Registrant) | ||||
| By : | /s/ Masahiko Goto | |||
| Masahiko Goto | ||||
| President and Representative Director | ||||
Date: October 31, 2008
For immediate release
October 31, 2008
Company name:
|
Makita Corporation | |||
Representative:
|
Masahiko Goto, President & Representative Director | |||
Code number:
|
6586 | |||
Revision of Consolidated Forecast for the fiscal year
Makita Corporation announces the following revisions in its forecast for consolidated
performance for the year ending March 31, 2009. Makita has been revised the consolidated forecast
announced on April 30, 2008 as follows.
1. Revised Forecast for consolidated performance during the fiscal 2009 (from April 1, 2008 to
March 31, 2009)
| (Million yen) | ||||||||||||||||||||
| Net sales | Operating income |
Income before income taxes |
Net income | Net income per share (yen) |
||||||||||||||||
Forecast announced previously (A) |
343,000 | 64,000 | 63,000 | 42,000 | 292.13 | |||||||||||||||
Revised forecast for FY2009 (B) |
303,000 | 54,000 | 50,200 | 36,200 | 257.16 | |||||||||||||||
Change (B-A) |
(40,000 | ) | (10,000 | ) | (12,800 | ) | (5,800 | ) | — | |||||||||||
Percentage revision |
(11.7 | )% | (15.6 | )% | (20.3 | )% | (13.8 | )% | — | |||||||||||
Results for the previous fiscal year
ended March 31, 2008 |
342,577 | 67,031 | 65,771 | 46,043 | 320.30 | |||||||||||||||
2. Reasons for Revision of Consolidated Forecast
The forecast for the third quarter and for the fiscal year ending March 31, 2009 is based on
the assumption that the financial instability caused by the sub-prime loan problem in the United
States will stay not only in developed countries, but in the new emerging countries that have
enjoyed steady growth, with the entire global economy is facing a period of contraction.
The forecast is also assumed on basis of continuing rise of raw materials price and in a
continued strengthening of the yen, 95 yen to the U.S. dollar and 120 yen to the euro for the
second half of the fiscal year.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements based on Makita’s own projections and estimates. The power tools market, where Makita is mainly active, is subject to the effects of rapid shifts in economic conditions, demand for housing, currency exchange rates, changes in competitiveness, and other factors.
Due to the risks and uncertainties involved, actual results could differ substantially from the content of these statements. Therefore, these statements should not be interpreted as representation that such objectives will be achieved.
This document contains forward-looking statements based on Makita’s own projections and estimates. The power tools market, where Makita is mainly active, is subject to the effects of rapid shifts in economic conditions, demand for housing, currency exchange rates, changes in competitiveness, and other factors.
Due to the risks and uncertainties involved, actual results could differ substantially from the content of these statements. Therefore, these statements should not be interpreted as representation that such objectives will be achieved.
| 1 | ||||
English
Translation of press release originally issued
in Japanese language |