Makita : Consolidated Financial Statements

Makita Corporation

Additional Information

for the year ended March 31, 2023

Consolidated Financial Statements

(Partial translation of "YUKASHOKEN HOKOKUSHO"

originally issued in Japanese)

Consolidated Financial Statements	3
Notes to Consolidated Financial Statements	9

2

Consolidated Statement of Financial Position

				In	Millions of Yen
		Notes	2022	2023
ASSETS
Current Assets
Cash and Cash equivalents	5	71,057	162,720
Trade and other receivables	6,21		117,541	110,884
Inventories	7	475,128	453,752
Other financial assets	27		5,281	6,970
Other current assets	8	15,952	19,113
Total current assets				684,959	753,439
Non-current assets
Property, plant and equipment	9	243,636	265,638
Goodwill and Intangible assets	10		10,085	10,427
Other financial assets	27		41,545	36,607
Employee benefits assets	15		11,286	12,157
Deferred tax assets	24		12,238	17,901
Other non-current assets	8	3,748	3,182
Total non-current assets				322,538	345,912
Total assets				1,007,497	1,099,351

3

				In Millions of Yen
		Notes	2022	2023
LIABILITIES
Current liabilities
Trade and other payables	12	67,274	41,767
Borrowings	13	79,674	186,390
Other financial liabilities	27	9,888	7,504
Income tax payables			14,767	3,757
Provisions	17	4,381	4,623
Other current liabilities	14,21	48,181	47,552
Total current liabilities			224,165	291,593
Non-current liabilities
Employee benefit obligations	15	3,160	2,830
Other financial liabilities	27	13,954	14,835
Provisions	17	1,595	1,618
Deferred tax liabilities	24	11,888	12,576
Other non-current liabilities	14	205	200
Total non-current liabilities			30,802	32,059
Total liabilities			254,967	323,652
EQUITY
Share capital	19	23,805	23,805
Capital surplus	19	45,585	45,606
Retained earnings	19	640,577	629,314
Treasury shares	19	(11,540)	11,528)
Other components of equity	19	47,917	ሺ 82,050
Total equity attributable to owners			746,344	769,247
of the parent
Non-controlling interests			6,186	6,452
Total equity			752,530	775,699
Total liabilities and equity			1,007,497	1,099,351

4

Consolidated Statement of Profit or Loss

In millions of Yen, per share amounts in Yen

		Notes	2022			2023
Revenue		4，21	739,260		ሺ	764,702
Cost of sales	22	(510,942)		575,954)
Gross profit			228,318		188,748
Selling and general administrative expenses	22	(136,590)		ሺ	160,502)
Operating profit	4	91,728		28,246
Financial income		4，23	1,937			3,316
Financial expenses		4，23	(1,182)			7,675)
					ሺ23,887
Profit before tax	4	92,483
Income tax expense	24	(27,146)			12,316)
				ሺ 11,571
Profit for current year			65,337
Attributable to:
Owners of the parent			64,770			11,705
Non-controlling interests			567			134)
				ሺ
Earnings per share	25
Basic earnings per share			238.54			43.11

5