Makita Corporation reported unaudited consolidated earnings results for the nine months ended of December 31, 2016. For the quarter, the company reported net sales of JPY 306,315 million compared to JPY 324,090 million a year ago. Operating income was JPY 47,615 million compared to JPY 49,963 million a year ago. Income before income taxes was JPY 49,660 million compared to JPY 47,615 million a year ago. Net income attributable to the company was JPY 34,691 million or JPY 255.58 per share compared to JPY 32,896 million or JPY 242.36 per share a year ago. Net cash provided by operating activities was JPY 50,411 million compared to JPY 25,943 million a year ago. Capital expenditures were JPY 9,441 million compared to JPY 9,091 million a year ago.

For the year ending March 31, 2017, the company now expects net sales of JPY 405,000 million, operating income of JPY 60,500 million, income before income taxes of JPY 62,000 million, net income attributable to the company of JPY 42,800 million or JPY 315.33 per share against previously expected of net sales of JPY 390,000 million, operating income of JPY 60,000 million, income before income taxes of JPY 60,000 million, net income attributable to the company of JPY 41,500 million or JPY 305.33 per share.