Makita : 2Q Financial Results

‌Makita Corporation

Consolidated Financial Results for the six months

ended September 30, 2025 (IFRS Financial Information)

(English translation of "KESSAN TANSHIN" originally issued in Japanese)

‌CONSOLIDATED FINANCIAL RESULTS

FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025 (Unaudited)

October 31, 2025

Makita Corporation

Stock code: 6586

URL: https://www.makita.biz/

Munetoshi Goto, President, Representative Director

1. Operating results for the six months ended September 30, 2025 (From April 1, 2025 to September 30, 2025)

   1. CONSOLIDATED OPERATING RESULTS

      Yen (millions)

      Revenue ………………………………………

      (%)

      	For the six months ended September 30, 2024	For the six months ended September 30, 2025
      			(%)
      		378,421	(2.1)
      		51,495	0.2
      		52,901	3.1
      		38,789	1.5
      		38,800	1.6
      		66,917	252.9

      386,443 4.5

      Operating profit ……………………………… Profit before income taxes ……………………

      51,415

      51,323

      61.9

      70.9

      Profit ………………………………………… Profit attributable to owners of the parent …… Comprehensive income ………………………

      Profit attributable to

      owners of the parent per share

      38,229 84.5

      38,200 83.5

      18,960 (72.7)

      Yen

      (Basic)……………………………………… 141.99 145.80

      (Diluted)…………………………………… - -Notes:

      1. Amounts of less than one million yen have been rounded.

      2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, profit, profit attributable to owners of the parent, and comprehensive income against the corresponding period of the previous year.

   2. SELECTED CONSOLIDATED FINANCIAL POSITION

   Yen (millions)

   	As of March 31, 2025	As of September 30, 2025
   Total assets……………………………………		1,106,525	1,130,052
   Total equity……………………………………		932,495	955,236
   Equity attributable to owners of the parent……		926,005	948,425
   Ratio of equity attributable to owners of the
   parent to total assets (%)………………………		83.7	83.9

   Note: Amounts of less than one million yen have been rounded.

2. Dividend Information

   Cash dividend per share:

   For the year ended March 31, 2025

   Yen

   For the year ending March 31, 2026 (Forecast)

   Interim…………………………………… Year-end…………………………………… Total………………………………………

   Notes:

   20.00 20.00

   90.00 (Note)

   110.00 (Note)

   1. The forecast for cash dividend announced on April 28, 2025 has not been revised.

   2. The projected amount of dividends for the year ending March 31, 2026 has not been determined yet. For further details, refer to "Explanation regarding proper use of business forecasts, and other significant matters" on page 2.

   
   
   
3. Consolidated Financial Forecast for the year ending March 31, 2026 (From April 1, 2025 to March 31, 2026)

   	Yen (millions)
   		(%)
   Revenue ……………………………………………………………………	730,000	(3.1)
   Operating profit ……………………………………………………………	95,000	(11.2)
   Profit before income taxes …………………………………………………	95,000	(12.4)
   Profit attributable to owners of the parent …………………………………	68,500	(13.7)

   Profit attributable to

   owners of the parent per share (Basic) ……………………………………

   Notes:

   1. Changes of the forecasts from the most recent disclosure: Yes

      Yen 257.41

   2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes and profit attributable to owners of the parent against the previous year.

      Notes

      1. Changes in important subsidiaries during the period (Changes in specified subsidiaries accompanied by changes in scope of consolidation during the quarter): None

      2. Changes in accounting policies and accounting estimates:

         1. Changes in accounting policies required by IFRS: Yes

         2. Changes in accounting policies other than 1: None

         3. Changes in accounting estimate: None

      (3) Number of shares outstanding (common stock)
      1. Number of shares issued (including treasury shares): As of September 30, 2025:	280,017,520
      As of March 31, 2025:	280,017,520
      2. Number of treasury shares: As of September 30, 2025:	15,506,475
      As of March 31, 2025:	10,976,752

   3. Average number of shares outstanding: For the six months ended September 30, 2025:

For the six months ended September 30, 2024:

Makita's earnings releases (KESSAN TANSHIN) are not subject to an audit.

266,114,534

269,026,887

Explanation regarding proper use of business forecasts, and other significant matters

1. The financial forecast given above is based on information as available at the present time, and includes potential risks and uncertainties. As a consequence of the factors above and other, actual results may vary from the forecasts provided above. Regarding the assumptions for the forecasts and other matters, refer to "SUPPLEMENT INFORMATION (CONSOLIDATED)", "1. Overview of operating results", "(3) Outlook for the fiscal year ending March 31, 2026" on page 4.

   Cash dividend per share +

   Total amount of purchased tr r

   easury shares during the yea

   Average number of shares outstanding

2. Makita's basic policy on the distribution of profits is to maintain the total return ratio(*) at 35% or greater, with a lower limit on annual cash dividends of 20 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 per share after certain adjustments. The Board of Directors plans to meet in April 2026 for a report on earnings for the year ending March 31, 2026. At the time, in accordance with the basic policy regarding profit distribution mentioned above, the Board of Directors plans to propose a dividend equivalent to at least 35% of total return attributable to owners of the parent. The Board of Directors will submit this proposal to the General Meeting of Shareholders scheduled for June 2026.

*Total return ratio =

Profit attributable to owners of the parent per share (Excluding special factors)

×100

‌SUPPLEMENT INFORMATION (CONSOLIDATED)

1. Overview of operating results
   1. Overview of operating results for the six months ended September 30, 2025

      Looking at the international economic situation during the six-month period ended September 30, 2025, while many countries including Europe agreed on US tariff rates, tariff negotiations continue with some countries such as China. The global trade environment has not yet recovered, and economic activity in various countries has generally remained sluggish.

      Furthermore, geopolitical uncertainty persists.

      In this situation, the Makita Group has focused on expanding its lineup of cordless products, including power tools and outdoor power equipment (OPE) in the durable high-power "40Vmax Lithium-ion Battery" (XGT) series.

      With respect to production, we worked to build a flexible framework capable of responding to geopolitical risks and changing demand environments by implementing technological innovations in production processes and improving our order management system.

      We also work to increase the level of the community-based and customer-oriented service framework in order to further strengthen trusting relationships with customers around the world. We strive to deepen and develop the market centered on XGT series.

      In the Group's consolidated business results for this period, due to sluggish housing demand and restrained investment in the construction and building market because of remaining high interest rates in various countries, compounded by market disruption caused by U.S. tariff measures, consolidated revenue decreased 2.1% year on year to 378,421 million yen. In terms of profit, operating profit increased by 0.2% year on year to 51,495 million yen (an operating profit ratio: 13.6%) driven by an improvement in the cost ratio due to the impact of foreign exchange and the reduction of various costs. Profit before income taxes increased by 3.1% to 52,901 million yen (profit before income taxes ratio: 14.0%) and profit attributable to owners of the parent increased by 1.6% to 38,800 million yen (ratio of profit attributable to owners of the parent: 10.3%).

      Revenue results by region were as follows:

      Revenue by region shows revenue in each market and differs from revenue in Segment Information (based on the source of shipments).

      In Japan, OPE and XGT series underpinned sales, despite a challenging demand environment, including a decline in housing starts and construction and building materials prices remaining at high levels. As a result, revenue was 65,864 million yen, up 3.7% year on year.

      In Europe, although sales of OPE remained steady despite the effects of extreme weather, the construction and building market was sluggish due to continued high interest rates. As a result, revenue was 187,377 million yen, down 3.4% year on year.

      In North America, housing investment was weak due to continued high interest rates and deteriorating job market amid an uncertain economic outlook and market competition intensified. As a result, revenue was 39,604 million yen, down 12.6% year on year.

      In Asia, although demand for tools remained weak overall as the prolonged property recession in China has spread to neighboring countries, we have made efforts to expand sales of high-value-added products for non-residential sectors such as infrastructure and manufacturing industries. As a result, revenue was 23,142 million yen, up 5.9% year on year.

      In Central and South America, although sales of XGT series and cordless OPE remained strong, the yen also appreciated against the local currencies. As a result, revenue was 24,528 million yen, down 4.5% year on year.

      In Oceania, although we have made efforts to expand sales of cordless products with a particular focus on the XGT series and sales revenue increased in local currencies, the yen also appreciated against the local currencies. As a result, revenue was 27,764 million yen, up 0.7% year on year.

      In the Middle East and Africa, construction and building demand remained strong primarily in oil-producing countries. As a result, revenue was 10,141 million yen, up 18.5% year on year.

      (Efforts for carbon neutrality)

      The impact of climate change on society, such as frequent wind and flood disasters, is becoming more serious, and companies are playing an increasingly important role in realizing a decarbonized society. We have identified contributing to a decarbonized society as a material issue that should be prioritized and are stepping up our efforts.

      Therefore, the Group is currently working on the realization of a decarbonized society by focusing on cordless OPE that

      does not emit exhaust gases during use as the next pillar of our future business in addition to power tools. In addition, with the goal of reducing our greenhouse gas (GHG) emissions, we have set targets for reducing GHG emissions from our business activities (Scope 1 and 2) by 50% by FY2030 from the FY2020 level and to net zero by FY2040 and reducing GHG emissions from the entire supply chain (Scope 3) to net zero by FY2050. In FY2024, Scope 1 and 2 GHG emissions increased 5.2% year on year to 60,016 t-CO2, and emissions per unit of revenue increased 3.9% to 8.0 t-CO2per 100 million yen. Meanwhile, Scope 3 GHG emissions increased 10.9% to 4,364,237 t-CO2due to an increase in the production volume, and emissions per unit of revenue increased 9.2% to 579.5 t-CO2per 100 million yen.

      We will continue to work on the use of renewable energy and energy conservation in our business activities to achieve GHG emission reduction targets.

   2. Overview of financial situation as of September 30, 2025

      Total assets increased 23,527 million yen from the end of the previous fiscal year to 1,130,052 million yen. This increase was mainly due to the increase in "Inventories."

      Total liabilities increased 786 million yen from the end of the previous fiscal year to 174,816 million yen. This increase was mainly due to the increase in "Trade and other payables."

      Total equity increased 22,741 million yen from the end of the previous fiscal year to 955,236 million yen. This increase was mainly due to the increase in "Other components of equity."

   3. Outlook for the fiscal year ending March 31, 2026

   Although the challenging demand environment persisted both in Japan and overseas, the consolidated business results for the six-month period under review were better than the Company's expectations due to steady sales of outdoor power equipment (OPE), our efforts to reduce costs and the impact of foreign exchange rates. While we expect the sales environment to remain challenging in the third quarter and beyond, the exchange rates are expected to move in a more favorable direction than initially expected. Therefore, we are revising the forecast announced on April 28, 2025.

   For the year ending March 31, 2026

   Yen (millions) Yen

   				Profit		Profit attributable
   		Operating	Profit before	attributable to owners of		to owners of the parent
   	Revenue	profit	income taxes	the parent		per share (Basic)
   Forecast announced previously (A) ........	700,000	74,000	74,000	54,000		201.83
   Forecast (B) ............................................	730,000	95,000	95,000	68,500		257.41
   Change (B-A) ..........................................	30,000	21,000	21,000	14,500		-
   Percentage revision .................................	4.3%	28.4%	28.4%	26.9%		-
   Actual results for the previous year ended March 31, 2025.............................	753,130	107,038	108,477	79,338		294.90

   The assumed exchange rates applied in the forecast calculation are as follows; [Preconditions]

   The forecast is based on the assumption of exchange rates of 140 yen to the U.S. dollar, 165 yen to the euro and 20.0yen to

   the renminbi for the remaining six months period ending March 31, 2026.

   The forecast is based on the assumption of exchange rates of 143 yen to the U.S. dollar, 167 yen to the euro and 20.2 yen to the renminbi for the year ending March 31, 2026.

   [Reference]

   The exchange rates for previously announced forecasts on April 28, 2025 were 140 yen to the U.S. dollar, 160 yen to the euro and 19.5 yen to the renminbi for the year ending March 31, 2026.

   (Note)

   The forecast is based on information as available at the present time and includes potential risks and uncertainties. As a consequence of the factors above and other, actual results may vary significantly from the forecast provided above.

   
   
   
2. ‌Consolidated Financial Statements (Unaudited)
   1. Consolidated Statement of Financial Position

      As of March 31, 2025		As of September 30, 2025
      253,279		249,153
      105,831		109,749
      338,116		360,679
      39,660		29,769
      19,552		20,649
      756,437		770,000
      266,609		270,443
      9,574		9,492
      35,881		39,041
      17,710		17,953
      18,123		20,715
      2,191		2,408
      350,088		360,052
      1,106,525		1,130,052

      Yen (millions)

      ASSETS

      CURRENT ASSETS:

      Cash and cash equivalents………………………… Trade and other receivables……………………… Inventories………………………………………… Other financial assets……………………………… Other current assets………………………………

      Total current assets……………………………… NON-CURRENT ASSETS:

      Property, plant and equipment, at cost…………… Goodwill and intangible assets…………………… Other financial assets……………………………… Retirement benefit assets………………………… Deferred tax assets………………………………… Other non-current assets…………………………

      Total non-current assets………………………… Total assets………………………………………………

      Yen (millions)

      As of March 31, 2025		As of September 30, 2025
      54,628		57,813
      10,152		3,140
      6,739		6,001
      13,003		13,607
      6,216		6,035
      48,259		51,335
      138,998		137,929
      3,185		3,399
      15,584		15,344
      1,793		1,756
      14,341		15,810
      104		-
      25		579
      35,032		36,887
      174,030		174,816
      23,805		23,805
      46,014		46,021
      732,556		747,968
      (21,470)		(41,440)
      145,101		172,072
      926,005		948,425
      6,490		6,811
      932,495		955,236
      1,106,525		1,130,052

      LIABILITIES AND EQUITY LIABILITIES

      CURRENT LIABILITIES:

      Trade and other payables………………………… Borrowings……………………………………… Other financial liabilities………………………… Income taxes payable…………………………… Provisions………………………………………… Other current liabilities…………………………… Total current liabilities…………………………

      NON-CURRENT LIABILITIES:

      Retirement benefit liabilities……………………… Other financial liabilities………………………… Provisions………………………………………… Deferred tax liabilities…………………………… Income taxes payable…………………………… Other non-current liabilities………………………

      Total non-current liabilities…………………… Total liabilities………………………………………… EQUITY

      Share capital……………………………………… Capital surplus…………………………………… Retained earnings………………………………… Treasury shares…………………………………… Other components of equity………………………

      Total equity attributable to owners of the parent……… NON-CONTROLLING INTEREST……………………

      Total equity……………………………………………… Total liabilities and equity………………………………

   2. Consolidated Statements of Profit or Loss and Consolidated Statements of Comprehensive Income

      Consolidated Statements of Profit or Loss

      REVENUE…………………………………………………	386,443
      Cost of sales…………………………………………………	(254,526)
      GROSS PROFIT……………………………………………	131,917
      Selling, general, administrative and others, net……………	(80,502)
      OPERATING PROFIT……………………………………	51,415
      Financial income……………………………………………	3,128
      Financial expenses…………………………………………	(3,220)
      PROFIT BEFORE INCOME TAXES………………………	51,323
      Income tax expenses………………………………………	(13,094)
      PROFIT……………………………………………………	38,229
      Owners of the parent………………………………………	38,200
      Non-controlling interests……………………………………	28
      Profit attributable to
      owners of the parent per share (Basic)(yen)…………………	141.99		145.80

      Yen (millions)

      	For the six months ended September 30, 2024	For the six months ended September 30, 2025
      		378,421 (240,845) 137,576 (86,080) 51,495 3,925 (2,520) 52,901 (14,111) 38,789 38,800 (11)

      Consolidated Statements of Comprehensive Income

      Yen (millions)

      	For the six months ended September 30, 2024	For the six months ended September 30, 2025
      PROFIT……………………………..………………………		38,229	38,789
      OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
      Items that will not be reclassified to profit (loss) Equity financial goods measured at fair value through other comprehensive income (loss)………………		(1,088)	3,328
      Total of items that will not be reclassified to profit (loss)……		(1,088)	3,328
      Items that may be reclassified to profit or loss
      Exchange differences on translating foreign operations……		(18,181)	24,799
      Total of items that may be reclassified to profit (loss)………		(18,181)	24,799
      Total other comprehensive income (loss), net of tax…………		(19,269)	28,127
      COMPREHENSIVE INCOME………………………………		18,960	66,917
      Comprehensive income attributable to:
      Owners of the parent………………………………………		19,036	66,596
      Non-controlling interests……………………………………		(76)	320

   3. Consolidated Statement of Changes in Equity

      Yen (millions)

      For the six months ended September 30, 2024 Equity attributable to owners of the parent

      Other

      Non-

      Total

      Share capital

      Capital surplus

      Retained earnings

      Treasury shares

      components of equity

      Total

      controlling interest

      equity

      Balance at April 1, 2024	23,805		45,607		669,359		(21,501)		150,886		868,156		7,050		875,206
      Profit for the period					38,200						38,200		28		38,229
      Other comprehensive income									(19,165)		(19,165)		(104)		(19,269)
      Comprehensive income	-		-		38,200		-		(19,165)		19,036		(76)		18,960
      Dividends paid					(12,644)						(12,644)				(12,644)
      Purchase of treasury shares							(2)				(2)				(2)
      Share-based payment transaction			17				23				40				40
      Transfer from other
      components of equity to
      retained earnings					48				(48)		-				-
      Total amounts of transactions
      with owners	-		17		(12,597)		21		(48)		(12,606)		-		(12,606)
      Balance at September 30, 2024	23,805		45,624		694,963		(21,480)		131,674		874,586		6,974		881,560

      Yen (millions)

      For the six months ended September 30, 2025

      Equity attributable to owners of the parent

      Share capital

      Capital surplus 46,014 - 7 7 46,021

      Retained earnings 732,556 38,800 38,800 (24,214) 825 1 (23,388) 747,968

      Treasury shares (21,470) - (20,001) 31 (19,970) (41,440)

      Other components of equity 145,101 27,796 27,796 (825) (825) 172,072

      Total 926,005 38,800 27,796 66,596 (24,214) (20,001) 38 -1 (44,176) 948,425

      Non- controlling interest 6,490 (11) 331 320 -6,811

      Total equity

      Balance at April 1, 2025

      23,805

      932,495

      Profit for the period

      38,789

      Other comprehensive income

      28,127

      Comprehensive income

      -

      66,917

      Dividends paid

      (24,214)

      Purchase of treasury shares

      (20,001)

      Share-based payment

      transaction

      38

      Transfer from other

      components of equity to

      retained earnings

      -

      Others

      1

      Total amounts of transactions

      with owners

      -

      (44,176)

      Balance at September 30, 2025

      23,805

      955,236

   4. Consolidated Statements of Cash Flows

      Yen (millions)

      For the six months ended September 30,	For the six months ended September 30,
      2024	2025
      CASH FLOWS FROM OPERATING ACTIVITIES:
      Profit…………………………………………………………………… 38,229	38,789
      Depreciation and amortization………………………………………… 15,061	14,730
      Income tax expenses…………………………………………………… 13,094	14,111
      Financial income and expenses………………………………………… 93	(1,406)
      Loss (gain) on sales and retirement of property, plant and equipment… (285)	(40)
      Decrease in trade and other receivables……………………………… 6,903	503
      Decrease in inventories………………………………………………… 14,927	(9,568)
      Increase (decrease) in trade and other payables……………………… 285	1,641
      Increase (decrease) in retirement benefit assets and liabilities………… (77)	(245)
      Decrease (increase) in guarantee deposits…………………………… (1,401)	-
      Other…………………………………………………………………… (6,940)	(2,876)
      Subtotal…………………………………………………………… 79,888	55,641
      Dividends received…………………………………………………… 402	496
      Interest received……………………………………………………… 2,897	3,481
      Interest paid…………………………………………………………… (644)	(636)
      Income taxes paid……………………………………………………… (11,793)	(16,927)
      Cash flows from operating activities……………………………… 70,751	42,054
      CASH FLOWS FROM INVESTING ACTIVITIES:
      Purchase of non-current assets………………………………………… (9,625)	(11,228)
      Proceeds from sales of non-current assets…………………………… 856	977
      Purchase of investments……………………………………………… (300)	(410)
      Proceeds from sales and redemption of investments………………… 22	2,013
      Payments into time deposits…………………………………………… (23,584)	(63,350)
      Proceeds from withdrawal of time deposits…………………………… 22,775	73,240
      Other…………………………………………………………………… (48)	128
      Cash flows from investing activities……………………………… (9,904)	1,371
      CASH FLOWS FROM FINANCING ACTIVITIES:
      Net increase (decrease) in short-term borrowings…………………… (6,624)	(7,440)
      Purchase and sales of treasury shares, net……………………………… (2)	(20,001)
      Cash dividends paid…………………………………………………… (12,644)	(24,214)
      Repayment of lease liabilities………………………………………… (2,517)	(2,612)
      Other…………………………………………………………………… 2	11
      Cash flows from financing activities……………………………… (21,785)	(54,256)

      EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS………………………………………………	(5,844)		6,706
      NET CHANGE IN CASH AND CASH EQUIVALENTS……………	33,218		(4,125)
      CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD…	196,645		253,279
      CASH AND CASH EQUIVALENTS, END OF PERIOD……………	229,863		249,153

   5. Notes to Consolidated Financial Statements Notes on the assumptions for a going concern: None
   Changes in accounting policy:

   The Group has applied the following standards and interpretations from the current fiscal year as follows:

   IFRS	Title	Overview
   IAS 21	The Effects of Changes in Foreign Exchange Rates	A guidance on which exchange rate to use if exchangeability between two currencies was lucking

   The application of the standard, etc. has no material impact on the condensed interim consolidated financial statements.

   Segment Information

   Yen (millions)

   For the six months ended September 30, 2024

   Revenue:

   External

   Japan Europe North

   America

   Asia Total Other

   Eliminations

   Consolidated

   customers ...........	72,541		195,355		46,841		15,474		330,211		56,232		-		386,443
   Inter-segment .....	136,187		7,918		2,030		141,845		287,980		170		(288,150)		-
   Total ...........	208,728		203,273		48,871		157,319		618,191		56,402		(288,150)		386,443
   Operating profit ...........	13,270		17,023		445		15,130		45,868		3,723		1,824		51,415

   Japan

   Europe

   For the six months ended September 30, 2025

   North

   America

   Asia

   Total

   Other

   Elimi- Consoli-

   nations dated

   Yen (millions)

   Revenue: External
   customers ...........	76,396		189,562		40,942		16,302		323,202		55,219		-		378,421
   Inter-segment .....	159,514		9,794		4,321		142,052		315,681		194		(315,874)		-
   Total ...........	235,910		199,356		45,263		158,354		638,883		55,412		(315,874)		378,421
   Operating profit ...........	21,940		20,096		202		13,291		55,529		3,114		(7,148)		51,495

3. SUPPORT DOCUMENTATION (CONSOLIDATED)

1. Consolidated Financial Results and Forecast

   Yen (millions)

   	For the six months ended September 30, 2024	For the six months ended September 30, 2025
   (%) REVENUE…………………………………………………… 386,443 4.5 Domestic………………………………………………… 63,512 3.4 Overseas………………………………………………… 322,931 4.8 Operating profit……………………………………………… 51,415 61.9 Profit before income taxes…………………………………… 51,323 70.9 Profit attributable to owners of the parent…………………… 38,200 83.5 Profit attributable to owners of the parent per share (Yen)… 141.99 Number of Employees……………………………………… 17,591		(%) 378,421 (2.1) 65,864 3.7 312,557 (3.2) 51,495 0.2 52,901 3.1 38,800 1.6 145.80 17,662

   Yen (millions)

   For the year ended March 31, 2025

   For the year ending March 31, 2026 (Forecast)

   		(%)		(%)
   REVENUE……………………………………………………	753,130	1.6	730,000	(3.1)
   Domestic…………………………………………………	127,168	3.2	131,000	3.0
   Overseas…………………………………………………	625,962	1.3	599,000	(4.3)
   Operating profit………………………………………………	107,038	61.8	95,000	(11.2)
   Profit before income taxes……………………………………	108,477	69.5	95,000	(12.4)
   Profit attributable to owners of the parent……………………	79,338	81.6	68,500	(13.7)
   Profit attributable to owners of the parent per share (Yen)…	294.90		257.41
   Number of Employees………………………………………	17,641		-

   Notes:

   1. Please refer to 1. Overview of operating results Section 3 "Outlook for the fiscal year ending March 31, 2026" on page 4.

   2. The table above shows the changes in the percentage ratio of revenue, operating profit, profit before income taxes, and profit attributable to owners of the parent compared to the corresponding period of the previous year.

2. Consolidated Revenue by Geographic Area

   Yen (millions)

   	For the six months ended September 30, 2024			For the six months ended September 30, 2025	For the year ended March 31, 2025
   		(%)		(%)	(%)
   Japan …………………………………	63,512	3.4		65,864 3.7	127,168 3.2
   Europe ………………………………	193,973	10.1		187,377 (3.4)	371,798 4.3
   North America ………………………	45,313	(10.2)		39,604 (12.6)	83,919 (10.4)
   Asia …………………………………	21,846	(2.5)		23,142 5.9	45,031 (2.4)
   Central and South America …………	25,672	5.6		24,528 (4.5)	50,687 2.0
   Oceania ………………………………	27,568	0.3		27,764 0.7	55,802 (1.0)
   The Middle East and Africa …………	8,558	16.1		10,141 18.5	18,726 18.3
   Total …………………………………	386,443	4.5		378,421 (2.1)	753,130 1.6

   Notes:

   1. The table above sets forth Makita's consolidated revenue by geographic area based on the customer's location for the periods presented. Accordingly, it differs from "Segment Information" on page 10.

   2. The table shows the changes in the percentage ratio of revenue compared to the corresponding period of the previous year.

3. Exchange Rates

   Yen

   For the six months ended September 30, 2024 USD/JPY ……………………… 152.78 EUR/JPY ……………………… 166.07 RMB/JPY ……………………… 21.16

   For the six months ended September 30, 2025 146.02 168.05 20.29

   For the year For the year ended ending March March 31, 31, 2026 2025 (Forecast) 152.62 143 163.88 167 21.11 20.2

   For the six months ended September 30,

   2025

   Composition ratio

   7.3%

   92.7%

4. Production Ratio (unit basis)

   Domestic ………………………………… Overseas …………………………………

   For the six months ended September 30,

   2024

   Composition ratio

   6.9%

   93.1%

   For the year ended

   March 31, 2025

   Composition ratio

   7.4%

   92.6%

5. Consolidated Capital expenditures, Depreciation and amortization, and R&D costs

Yen (millions)