For immediate release | |
Company name: | Makita Corporation |
Representative: | Munetoshi Goto, President, Representative Director |
Stock ticker code: | 6586 |
January 31, 2018
Revision of Forecast for Performance
Based on the recent trends of business performances, the forecast for the year ending March 31, 2018, which were announced on October 25, 2017, were revised as stated below.
1. Revised Forecast for Consolidated Performance
For the year ending March 31, 2018
Yen (millions)
Yen
Net salesOperating income
Income before income taxesNet income attributable to Makita Corporation
Earning per share
(Basic)
Net income attributable to Makita Corporation common shareholders
Forecast announced previously (A) .... Revised forecast (B) ........................... Change (B-A) ...................................... Percentage revision ..............................
455,000 467,000 12,000 2.6%
70,000 75,500 5,500 7.9%
72,300 77,500 5,200 7.2%
51,000 187.87
53,500 197.08
2,500 4.9%
- -
Actual results for the previous year ended March 31, 2017 .........................
414,999
62,564
64,738
44,782
164.96
Note: The Company implemented a two-for-one common stock split, effective April 1, 2017. Net income attributable to
Makita Corporation common shareholders per share (basic) was calculated on the assumption that the relevant stock split had been implemented at the beginning of the consolidated fiscal year ended March 31, 2017.
2. Reasons for Revision of Forecast
The Company has revised its forecast for consolidated performance for the year ending March 31, 2018. This is because robust sales in Japan and overseas for the first nine-month period of the fiscal year 2018 (April 1, 2017 to March 31, 2018).
[Preconditions]
The above forecast is based on the assumption of exchange rates of 110 yen to the U.S. dollar, 130 yen to the euro and 17.3 yen to the renminbi for the three months period ending March 31, 2018.
The above forecast is based on the assumption of exchange rates of 111 yen to the U.S. dollar , 129 yen to the euro and 16.8 yen to the renminbi for the year ending March 31, 2018.
[Reference]
Our previous exchange rates that we announced on October 25, 2017 were 111 yen to the U.S. dollar, 128 yen to the euro and 16.6 yen to the renminbi for the year ending March 31, 2018.
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.
English Translation of press release originally issued in Japanese
Makita Corporation published this content on 31 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2018 06:39:02 UTC.
Original documenthttp://www.makita.biz/ir/documents/press/2018/20180131e.pdf
Public permalinkhttp://www.publicnow.com/view/4AEBBF39C31C8EFFA7C5357A9D13590BBFA601E9