Makita : Announcement of Dividends from Retained Earnings (Year-end dividend) PDF / 177KB

April 26, 2018

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, 2018.

The proposed dividend will be finalized by the Shareholders' meeting on June 27, 2018.

1. Dividend details

Yen

2. Reason

The Company'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 10 yen per share (Note). 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 61 yen. The year-end cash dividend after deduction of the interim cash dividend of 10 yen is calculated to 51 yen per share.

(Reference)

Yen Dividend per shareDate of record

Fiscal year ended

March 31, 2018 Previous fiscal year ended

Interim 10.00 18.00

Year-end

Annual

51.00 61.00

82.00 100.00

March 31, 2017 (Note)

Note: The Company implemented a two-for-one common stock split, effective April 1, 2017. However, dividend per share for the consolidated fiscal year ended March 31, 2017 is actual amounts paid prior to the relevant stock split. And the Company has revised the lower limit on annual cash dividend per share from 18 yen to 10 yen, reflecting the stock split.

English Translation of press release originally issued in Japanese language