MAKITA CORPORATION
 
 
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, 2009
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: April 28, 2009

 


 

(MAKITA LOGO)
For immediate release
April 28, 2009
Company name:   Makita Corporation
Representative:   Masahiko Goto, President & CEO
Stock ticker code :   6586
Announcement of Dividends from Retained Earnings (Year-end dividend)
     Makita Corporation (“The Company”) 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, 2009.
     The proposed dividend will be finalized by the Shareholders’ meeting on June 25, 2009.
1. Dividend details
                 
 
    Yen
                Dividend paid
    Scheduled dividend   Previous forecast   fiscal year ended
            March 31, 2008
Record date
  March 31, 2009   March 31, 2009   March 31, 2008
Dividend per share
  50.00 yen         67.00 yen
Total amount of dividends
  6,888 million yen         9,633 million yen
Effective date
  June 26, 2009 (Proposed)         June 27, 2008
Resource for dividends
  Retained earnings         Retained earnings
 
2. Reason
     The Company’s basic policy on the distribution of profits is to maintain a dividend payout ratio of 30% or greater, with a lower limit on annual cash dividend 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 80 yen. The year-end cash dividend after deduction of the interim cash dividend of 30 yen, is calculated to 50 yen per share.
(Reference)
                         
 
    Yen
    Dividend per share
Date of record   Interim   Year-end   Annual
Fiscal year ended March 31, 2009
    30.00       50.00       80.00  
Previous year ended March 31, 2008
    30.00       67.00       97.00  
 
         
 
       
English Translation of press release originally issued in Japanese language