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, 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 þ 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, Representative Director and Chief Executive Officer |
||||
Date: April 28, 2010
For immediate release
April 28, 2010
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,
2010.
The proposed dividend will be finalized by the Shareholders’ meeting on June 25, 2010.
1. Dividend details
| Yen | ||||||||||||
| Dividend paid | ||||||||||||
| Scheduled dividend | Previous forecast | fiscal year ended | ||||||||||
| March 31, 2009 | ||||||||||||
Record date |
March 31, 2010 | March 31, 2010 | March 31, 2009 | |||||||||
Dividend per share |
37.00 yen | - | 50.00 yen | |||||||||
Total amount of dividends |
5,097 million yen | - | 6,888 million yen | |||||||||
Effective date |
June 28, 2010 | June 26, 2009 | ||||||||||
| (Proposed) | - | |||||||||||
Resource for dividends |
Retained earnings | - | Retained earnings | |||||||||
2. Reason
Makita’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.
However, in the event special circumstances arise, computation of the amount of dividends will be
based on consolidated net income attributable to Makita Corporation after certain adjustments. For
the year ended March 31, 2010, taking into consideration this basic policy, approximately 1.6
billion yen for an impairment loss assets resulting from the revaluation of goodwill and
long-lived assets relating of Makita Numazu was added to an account as a special circumstance in
the computation of the amount of dividends. Consequently, the company plans to propose that the
annual cash dividend of 52 yen. The year-end cash dividend after deduction of the interim cash
dividend of 15 yen, is calculated to 37 yen per share.
(Reference)
| Yen | ||||||||||||
| Dividend per share | ||||||||||||
| Date of record | Interim | Year-end | Annual | |||||||||
Fiscal year ended March 31, 2010 |
15.00 | 37.00 | 52.00 | |||||||||
Previous year ended March 31, 2009 |
30.00 | 50.00 | 80.00 | |||||||||