Makita Corp. Quarterly Sales Up 21%
Jul 31, 2013
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Japan-based power tools producer Makita Corp. reported quarterly net sales of 90,758 million yen (approx US$925 million), up 21.1% from 74,942 million yen from 2Q 2012.

In the three months ending June 30, 2013, the company reported operating income of 10,671 million yen (approx. $109 million), down 10.9% from 11,979 million yen in 2Q 2012.

For the year ending March 31, 2014, Makita forecast net sales of 345,000 million yen, which would be an increase of 11.4% from the year previous. Makita forecast operating income of 56,000 million yen, up 23.4% from the previous year.

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