Stock and Bond Information

Distribution of Profits

Basic Policy for Profit Distribution

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. However, in the event special circumstances arise, computation of the amount of dividends will be based on Profit attributable to owners of the parent after certain adjustments. With respect to repurchases of its outstanding shares, Makita aims to implement a flexible capital policy, augment the efficiency of its capital employment, and thereby boost shareholder profit. Also, Makita continues to consider executing own-share repurchases in light of trends in stock prices.
Makita intends to maintain a financial position strong enough to withstand the challenges associated with changes in its operating environment and other changes and allocate funds for strategic investments aimed at expanding its global operations.

Dividends per share

Yen
2016/3
2017/3
2018/3
2019/3
2020/3
Interim 9.0 9.0 10.0 10.0 10.0
Year-end 41.5 41.0 51.0 52.0 (Note)
Annual 50.5 50.0 61.0 62.0 (Note)
Note: The Company implemented a two-for-one common stock split, effective April 2017. Per share information for fiscal years prior to the fiscal year ended March 31, 2017 has been adjusted retroactively to reflect the stock split.
Note: The projected amount of dividends for the year ending March 31, 2020 has not been determined yet.
Year-end
Interim
Yen

Status of Repurchase, etc. of Treasury Stock Fiscal Year Ended March 31, 2019

(1) Status of repurchase of treasury stock pursuant to resolutions of the general meeting of shareholders
Not applicable
(2) Status of repurchase of treasury stock pursuant to resolutions of the Board of Directors
Not applicable
(3) Details of repurchase of treasury stock other than pursuant to resolutions of the general meeting of shareholders or resolutions of the Board of Directors

Number of shares (shares)

Total value (thousand yen)

891
3,958
(4) Status of disposal and holding of acquired treasury stock

Category

Number of shares (shares)

Total disposal value (thousand yen)

Repurchased treasury stock offered for subscription
Repurchased treasury stock cancelled
Repurchased treasury stock transferred in relation to merger, share exchange, and company split
Sale of treasury stock due to request to purchase fractional unit shares
20
27
Exercise of stock option rights
Number of treasury stock held
8,550,463