Makita Corporation reported unaudited consolidated earnings results for the nine months ended of December 31, 2015. For the quarter, the company reported net sales of JPY 324,090 million compared to JPY 311,119 million a year ago. Operating income was JPY 49,963 million compared to JPY 55,607 million a year ago. Income before income taxes was JPY 47,615 million compared to JPY 53,591 million a year ago. Net income attributable to the company was JPY 32,896 million compared to JPY 36,727 million a year ago. Basic earnings per share attributable to the company were JPY 242.36 compared to JPY 270.58 a year ago. Net cash provided by operating activities was JPY 25,943 million compared to JPY 34,414 million a year ago. Capital expenditures, including interest capitalized were JPY 9,091 million compared to JPY 9,742 million a year ago.

The company revised earnings guidance for the year ending March 31, 2016. For the period, the company expects net sales to be of JPY 420,000 million compared to previous forecast of JPY 416,000 million. Operating income expected to be of JPY 63,000 million compared to previous forecast of JPY 61,500 million. Income before income taxes expected to be of JPY 59,500 million compared to previous forecast of JPY 58,000 million. Net income attributable to the company expected to be of JPY 40,700 million compared to previous forecast of JPY 39,800 million. Basic earnings per share attributable to the company expected to be of JPY 299.85 compared to previous forecast of JPY 293.22.