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 October, 2012
Commission file number 0-12602
MAKITA CORPORATION
(Translation of registrants 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 ¨
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): ¨
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 þ
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: October 31, 2012
For immediate release
October 31, 2012
Company name: |
Makita Corporation | |
Representative: |
Masahiko Goto, President, Representative Director & CEO | |
Stock ticker code: |
6586 |
Revision of Forecast for Performance
Based on the recent trends of business performances, the forecast consolidated business results for the year ending March 31, 2013, which were announced on July 31, 2012, were revised as stated below.
1. | Revised Forecast for Consolidated Performance for the year ending March 31, 2013 (from April 1, 2012 to March 31, 2013) |
Yen (millions) | Yen | |||||||||||||||||||
Net sales | Operating income |
Income before income taxes |
Net income attributable to Makita Corporation |
Earning per share (Basic) Net income attributable to Makita Corporation common shareholders |
||||||||||||||||
Outlook announced previously (A) |
280,000 | 38,000 | 35,000 | 24,000 | 176.80 | |||||||||||||||
Revised forecast (B) |
288,000 | 41,500 | 40,200 | 27,400 | 201.84 | |||||||||||||||
Change (B-A) |
8,000 | 3,500 | 5,200 | 3,400 | | |||||||||||||||
Percentage revision |
2.9% | 9.2% | 14.9% | 14.2% | | |||||||||||||||
Actual results for the previous year ended March 31, 2012 | 295,711 | 48,516 | 46,963 | 32,497 | 236.78 |
2. Reasons for Revision of Forecast
We expect the global economy will remain lackluster and business conditions continue to be tough in the third quarter and onwards. We, however, revise our consolidated financial forecast for the full year since our performance for the first six-month period of the current fiscal year was better than our previous forecast announced on July 31, 2012.
The above forecast is based on the assumption of exchange rates of 77 yen to the U.S. dollar and 98 yen to the euro for the six months period ending March 31, 2013.
The above forecast is based on the assumption of exchange rates of 78 yen to the U.S. dollar and 99 yen to the euro for the year ending March 31, 2013.
(Reference): Our previous exchange rates that we announced on July 31, 2012 were 79 yen to the U.S. dollar and 95 yen to the euro for the year ending March 31, 2013.
FORWARD-LOOKING STATEMENTS This document contains forward-looking statements based on Makitas 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. |
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English Translation of press release originally issued in Japanese |