Japan based power tool maker Makita Corp. reported sales of 283,137 million yen (approx. USD $2.793 billion) in the first nine months of its current fiscal year, up 25.1% from the same period of the previous fiscal year.
Operating income in the nine-month period, which ended Dec. 31, 2013, was 41,475 million yen (approx. $409 million) up 20.1%
In Japan, net sales were up 11.1% to 45,865 million yen compared to the same period of the previous year. Continuing favorable sales were supported by an expanded product lineup of lithium-ion battery products, mainly impact drivers, and the rise in housing demand ahead of the consumption tax hike.
Net sales in Europe and North America were up substantially after the yen depreciated against the Euro and the U.S. dollar.
to Daily News