Makita : Notice Regarding Consolidated Financial Forecast for the Year Ending March 31, 2021

For immediate release

	July 31, 2020
Company name:	Makita Corporation
Representative:	Munetoshi Goto, President, Representative Director
Stock ticker code:	6586

Notice Regarding Consolidated Financial Forecast for the Year Ending March 31, 2021

We will inform you regarding the financial forecast for the fiscal year ending March 31, 2021, which had been undetermined on the "Consolidated Financial Results for the year ended March 31, 2020 (IFRS Financial Information)" announced on May 21, 2020.

1. Consolidated financial forecast

			For the year ending March 31, 2021
			Yen (millions)			Yen
					Profit		Profit
					attributable		attributable
			Operating	Profit before		to owners of
			to owners of
	Revenue			the parent
		profit	income taxes	the parent		per share (Basic)
Forecast announced previously (A) ....	-	-	-	-	-
Forecast (B) ........................................	490,000	53,000	53,000	37,300	137.38
Change (B-A) ......................................	-	-	-	-	-
Percentage revision..............................	-	-	-	-	-
Actual results for the previous year
ended March 31, 2020 .........................	492,617	64,046	66,008	47,731	175.80

2. Reasons for announcement and assumptions for financial forecast

The consolidated financial forecast for the year ending March 31, 2021 had been undetermined because it was difficult

to reasonably calculate the impact of the global pandemic of the COVID-19 on our business performance. In response to relaxation in each country of various regulations such as movement restrictions, etc., we have decided to calculate and disclose the financial forecast based on the information available at this time.

The above forecasts are based on the assumption that economic activities will not stagnate again due to restrictions in response to the second wave of the spread of the COVID-19. In addition, the assumed exchange rates applied in the forecast calculation are as follows;

[Currency exchange rate assumption]

The above forecast is based on the assumption of exchange rates of 105 yen to the U.S. dollar, 118 yen to the euro and 14.9 yen to the renminbi for the remaining nine months period ending March 31, 2021.

The above forecast is based on the assumption of exchange rates of 106 yen to the U.S. dollar, 118 yen to the euro and 15.0 yen to the renminbi for the year ending March 31, 2021.

[Reference]

The actual exchange rate for the year ended March 31, 2020 was 108.70 yen to the U.S. dollar, 120.81 yen to the euro and 15.60 yen to the renminbi.

(Note)

The above forecasts are made based on the information available at this time and include potential risks and uncertainties, so the actual results may differ from the forecast due to various factors such as the timing of the COVID-19 comes to an end.

English Translation of press release originally issued in Japanese