Stock and Bond Information

Distribution of Profits

Basic Policy for Profit Distribution

Makita’s basic profit distribution policy has been to pay a minimum annual dividend of 10 yen per share and a consolidated dividend payout ratio of 30% or more (however, if there are special factors, the dividend amount will be determined based on adjusted basic earnings per share after adding or subtracting such factors). However, from the viewpoint of strengthening shareholder returns, we have reviewed this policy and decided to set the minimum annual dividend at 20 yen and the total return ratio(*) at 35% or more (taking special factors into consideration, if any), starting from the fiscal year ended March 31, 2023. Of these, we will consider purchasing of treasury shares in view of stock price level and free cash flow and so on, in order to increase shareholder returns through the implementation of a flexible capital policy and improvement of capital efficiency.
We intend to use retained earnings to invest in environmental initiatives, which will become increasingly important, and to expand our business globally, while maintaining a financial structure that can withstand any changes in the business environment.

Dividends per share

Interim 10.0 10.0 10.0 10.0 10.0
Year-end 43.0 59.0 62.0 11.0 Note
Annual 53.0 69.0 72.0 21.0 Note
Note: The projected amount of dividends for the year ending March 31, 2024 has not been determined yet.

Status of Repurchase, etc. of Treasury Stock Fiscal Year Ended March 31, 2023

(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)

(4) Status of disposal and holding of acquired treasury stock


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

Disposal of treasury stock as stock-based compensation with restrictions on stock transfers
Sale of treasury stock due to request to purchase fractional unit shares



Number of treasury stock held