Jig Saw

Bayonet shank Jig Saw Blade
Satisfy Professional's Needs
Makita shank Jig Saw Blade

4326, 4327, 4328, 4329

4326M, 4327M
Extremely Smooth Operation

by Powerful Motor

Powerful

Capacity in Wood

*4326, 4327, 4328, 4329

Low Vibration

Variable speed control by dial
For more Comfortable Cutting.
Counterweight balancing system reduces vibration. Reducing vibration makes operator feel more comfortable when cutting various workpieces.
ensures optimum cutting speed per job. (4327, 4327M, 4328, 4329)

Hex Wrench Storage

Ergonomically designed rubberized grip
Provides more control and comfort while minimizing hand fatigue and pain.

Photo : 4329

3 Orbital Settings + Straight Cutting
(4328, 4329) Optimum cutting action can be selected by simply turning the change lever.
Connectable to Vacuum Cleaner Using Hose (Optional Accessory) Rigid and Rust- Resistant Aluminum Base (4329 only)
slides smoothly over the surface of a workpiece.

Sliding Dust Cover

Improves dust-collection efficiency and prevents scattering of chips.

Bevel cutting

Base can be tilted up to 45 degrees to the left or right.
Thick Blade (1.7mm thickness) is available
in Addition to the Current 1.1mm Thickness Blade. 1.7mm thick blade performs well in straight cutting and curve cutting to thick workpiece. Bosch's equivalent can be installed. (4326, 4327, 4328, 4329)

Comparison of Features

For Model Jig Saw Blade type Orbital cutting Base plate Variable speed control by dial 4326 4326M 4327 4327M Bayonet Makita Bayonet Makita Bayonet Bayonet

Accessories

Anti-Splintering Device
(For cleaner cuts) 5per pkg. For Model 4329 Part No. 192557-6 Steel

Aluminum

Guide Rule Set

Part No. 192732-4

Cover Plate
For Model 4329 Part No. 417852-6
For Model 4326/M, 4327/M, 4328 Part No. 192733-2

Hose Complete 28-3

Part No. 192279-8
Double Insulation Dust Collecting 4326
4326/M, 4327/M, 4328, 4329

4326/M, 4327/M, 4328

Continuous rating Input Capacity In wood at 90 degrees In steel at 90 degrees Length of stroke Strokes per minute (spm) Dimensions (L x W x H) Net weight Power supply cord
450W : 65mm (2-9/16") : 6mm (1/4") 18mm (11/16") 500 - 3,x 77 x 197mm (8-3/4" x 3" x 7-3/4") 1.9kg (4.2lbs) 2.0m (6.6ft)
450W : 65mm (2-9/16") (4326, 4327, 4328) : 40mm (1-9/16") (4326M, 4327M) : 6mm (1/4") 18mm (11/16") 3,100 (4326/M) 500 - 3,100 (4327/M, 4328) 217 x 77 x 197mm (8-1/2" x 3" x 7-3/4") 1.8kg (4.0lbs) 2.0m (6.6ft)
Variable Speed 4327/M, 4328, 4329 Orbital Cutting 4328, 4329 Bayonet Shank Jig Saw Blade 4326, 4327, 4328, 4329 Makita Shank Jig Saw Blade 4326M, 4327M
Standard Equipment Jig Saw Blade, Hex Wrench
Items of standard equipment and specifications may differ by country or area.

Makita Corporation

3-11-8 Sumiyoshi-cho, Anjo, Aichi, 446-8502 Japan
PRINTED IN JAPAN Z23329-2 2007-08

Makita Corporation

Consolidated Financial Results for the three months ended June 30, 2004 (U.S. GAAP Financial Information)
(English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in the Japanese language)
CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2004

July 29, 2004

Stock code: 6586 URL: http://www.makita.co.jp/ Masahiko Goto, President
1. Notes to consolidated financial statements for the three months ended June 30, 2004 (1) Adoption of simplified accounting methods: None. (2) Accounting policy changes from the year ended March 31, 2004: None. (3) Change in scope of consolidation and equity method: None.
2. Results of the three months ended June 30, 2004 (From April 1, 2004 to June 30, 2004) (1) CONSOLIDATED FINANCIAL RESULTS Yen (million) For the three months For the three months ended June 30, 2003 ended June 30, 2004 % % Net sales... 42,918 4.4 46,575 8.5 Operating income.. 3,023 7.4 10,451 245.7 Income before income taxes.. 3,308 104.3 10,933 230.5 6,847 383.9 Net income.. 1,415 128.2 Yen Net income per share: Basic.. Diluted... 9.69 9.51 47.59 45.95
For the year ended March 31, 2004 % 184,117 4.8 14,696 17.9 16,170 74.0 7,691 14.4

53.16 51.92

Note: The table above shows the change in the percentage ratio of Net sales, Operating income, Income before income taxes, and Net income against the corresponding period of the previous year.
[Qualitative information on consolidated financial results] Net sales rose to 46,575 million yen, and 8.5% increase from the same period of the previous year. This increase was mainly due to strong sales in Europe and Asia that countered the effects of the appreciation of the yen against other currencies. Operating income amounted to 10,451 million yen, and increase of 3.5 times versus the same period of the previous year. This increase was principally owing to the improved cost efficiency following the shift of a portion of our manufacturing process to factories in China, and a gain of 4,441 million yen arising from the return of the substitutional portion of the Companys National Welfare Pension fund to the government. Income before income taxes was 10,933 million yen, 3.3 times higher than for the same period of the previous year, and net income for the quarter amounted to 6,847 million yen, an increase of 4.8 times over the same period of the previous year.
English Translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in the Japanese language
(2) CONSOLIDATED FINANCIAL POSITION As of June 30, 2003 280,040 186,342 66.5% Yen (million) As of June 30, 2004 280,500 203,796 72.7% Yen 1,416.46 As of March 31, 2004 278,116 193,348 69.5%
Total assets.. Shareholders' equity.. Shareholders' equity ratio to total assets (%)..
Shareholders' equity per share. [CONSOLIDATED CASH FLOWS]

1,276.71

1,343.69
For the three months ended June 30, 2003 Net cash provided by operating activities. Net cash used in investing activities. Net cash used in financing activities. Cash and cash equivalents, end of period. 3,334 (211) (755) 22,254
Yen (million) For the three months ended June 30, 2004 1,752 (101) (1,916) 24,892
For the year ended March 31, 2004 28,941 (17,262) (6,596) 24,576
[Qualitative information on consolidated cash flows] Total cash and cash equivalents ("cash") at the end of period amounted to 24,892 million yen, up 316 million yen from the previous year. (Net Cash Provided by Operating Activities) Net cash provided by operating activities amounted to 1,752 million yen, down 1,582 million yen from the level for the same period of the previous year. Although net income increased for the period, this was more than offset by an increase in inventories and a decrease in income taxes payable. (Net Cash Used in Investing Activities) Net cash used in investing activities totaled 101 million yen, down 110 million yen from the same period of the previous year. Factors accounting for this decline included a reduction in capital investments and the sale of a warehouse of the Companys plant in the United Kingdom. (Net Cash Used in Financing Activities) Net cash used in financing activities was 1,916 million yen, up 1,161 million yen from the same period of the previous year. This mainly reflected the payment of cash dividends.
(Ref.) Revised outlook for consolidated performance during the interim period of fiscal 2005 (from April 1, 2004, to September 30, 2004) (Million yen, %) Net sales Outlook announced previously (A).. Revised outlook (B)... Change (B-A)... Percentage revision... Actual results for the interim period of the previous fiscal year (ended September 30, 2003).. 92,400 94,500 2,100 2.3% 91,757 Income before income taxes 13,500 15,500 2,000 14.8% 9,894 Net income 7,500 9,600 2,100 28.0% 4,981
Revised outlook for non-consolidated performance during the interim period of fiscal 2005 (from April 1, 2004, to September 30, 2004) (Million yen, %) Net sales Outlook announced previously (A).. Revised outlook (B)... Change (B-A)... Percentage revision... Actual results for the interim period of the previous fiscal year (ended September 30, 2003).. 42,700 48,500 5,800 13.6% 42,326 Ordinary profit 4,300 6,600 2,300 53.5% 4,328 Net income 6,600 8,000 1,400 21.2% 3,877

Revised outlook for consolidated performance during the fiscal 2005 (from April 1, 2004, to March 31, 2005) (Million yen, %) Income before Net income Net sales income taxes Outlook announced previously (A).. 185,000 Revised outlook (B)... 188,000 Change (B-A)... 3,000 Percentage revision... 1.6% Actual results for the previous fiscal year (ended March 31, 2004).. 184,117 Note: Net income per share for the fiscal year is projected to be 111.21 yen. Revised outlook for non-consolidated performance during the fiscal 2005 (from April 1, 2004, to March 31, 2005) (Million yen, %) Net sales Outlook announced previously (A).. 86,500 Revised outlook (B)... 88,500 Change (B-A)... 2,000 Percentage revision... 2.3% Actual results for the previous fiscal year (ended March 31, 2004).. 88,335 Note: Net income per share for the fiscal year is projected to be 67.42 yen. Ordinary profit 8,300 9,800 1,500 18.1% 9,444 Net income 9,000 9,7.8% 5,668 23,000 26,000 3,000 13.0% 16,170 12,800 16,000 3,200 25.0% 7,691
[Qualitative information about the forecast for the year ending March 31, 2005] The above performance forecast has primarily been adjusted from the prior forecast on April 28, 2004 because of a changed exchange rate assumption, 106 yen to US$1 and 131 yen to 1 Euro for the year ending March 31, 2005 (outlook announced previously: 105 yen to US$1 and 125 yen to 1 Euro). The above figures include a gain arising from the transfer to the government of the substitutional portion of the employees' pension fund managed by the Company that was reported in the first quarter. This transfer is as follows: Consolidated: An increase to operating income of 4,441 million yen (outlook announced previously: approximately 4,200 million yen) Non-consolidated: An increase to extraordinary income of 6,375 million yen (outlook announced previously: approximately 6,300 million yen)
FORWARD-LOOKING STATEMENTS This document contains forward-looking statements based on Makita's own projections and estimates. The power tools market, where Makita is mainly active, is subject to the effects of rapid shifts in economic conditions, demand for housing, currency exchange rates, changes in competitiveness, and other factors. Due to the risks and uncertainties involved, actual results could differ substantially from the content of these statements. Therefore, these statements should not be interpreted as representation that such objectives will be achieved.
CONDENSED CONSOLIDATED BALANCE SHEETS
As of March 31, 2004 ASSETS CURRENT ASSETS: Cash and cash equivalents... Time deposits... Marketable securities... Trade receivablesNotes... Accounts... Less- Allowance for doubtful receivables.. Inventories... Deferred income taxes... Prepaid expenses and other current assets.. Total current assets... PROPERTY, PLANT AND EQUIPMENT, at cost: Land.... Buildings and improvements... Machinery and equipment... Less- Accumulated depreciation... 18,326 50,648 73,222 (89,231) 52,965 INVESTMENTS AND OTHER ASSETS: Investment securities... Deferred income taxes... Other assets... 22,7,687 30,706 278,116 22,9,690 32,079 280,500 (11) (619) 2,003 1,373 2,384 18,352 50,953 73,555 (90,091) 52,(860) (196) 2,254 34,787 (1,346) 54,326 3,691 8,117 194,445 2,571 32,562 (1,416) 58,127 3,844 7,566 195,(2,225) (70) 3,(551) 1,207 24,576 4,050 63,990 24,892 4,938 62,888 (1,422) Yen (millions) As of June 30, 2004 Increase (Decrease)

As of March 31, 2004 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Short-term borrowings... Trade notes and accounts payable.. Accrued payroll.... Accrued expenses and other... Income taxes payable... Deferred income taxes... Total current liabilities... LONG-TERM LIABILITIES: Long-term indebtedness... Club members' deposits... Accrued retirement and termination benefits.. Deferred income taxes... Other liabilities... 7,364 13,045 15,342 36,891 1,254 7,343 12,759 5,505 5,31,843 1,283 (21) (286) (10,400) 5,(5,048) 29 14,128 15,351 7,168 3,830 6,46,623 14,382 16,419 5,556 4,010 3,43,1,068 (1,612) 180 (2,937) 2 (3,045) Yen (millions) As of June 30, 2004 Increase (Decrease)
MINORITY INTERESTS.. SHAREHOLDERS' EQUITY: Common stock.... Additional paid-in capital... Legal reserve and retained earnings.. Accumulated other comprehensive loss.. Treasury stock, at cost...
23,803 45,421 144,488 (17,048) (3,316) 193,348 278,116
23,803 45,421 149,464 (11,552) (3,340) 203,796 280,500
4,976 5,496 (24) 10,448 2,384
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Yen (millions) For the three months ended June 30, 2003

(Amount) (%)

For the three months ended June 30, 2004

Increase (Decrease)

For the year ended March 31, 2004
NET SALES. Cost of sales.. GROSS PROFIT.. Selling, general, administrative and other expenses.. OPERATING INCOME.
42,918 100.0 26,783 16,135 62.4 37.6
46,575 100.0 27,672 18,903 59.4 40.6

3,2,768

8.5 3.3 17.2
184,117 100.0 110,322 73,795 59.9 40.1

13,112 3,023

30.6 7.0

8,452 10,451

18.2 22.4
(4,660) (35.5) 7,428 245.7

59,099 14,696

32.1 8.0
OTHER INCOME (EXPENSES) : Interest and dividend income.. Interest expense.. Exchange gains (losses) on foreign currency transactions, net. Realized gains on securities, net.. Other, net.. Total.. INCOME BEFORE INCOME TAXES.. 175 (150) 0.4 (0.3) 329 (159) 0.7 (0.3) 154 (9) 88.0 (6.0) 869 (605) 0.5 (0.3)

0.3 0.1 0.2 0.7 7.7

(82) 482 10,933

(0.2) 0.4 0.5 1.1 23.5

(202) 1,474 16,170

(0.1) 0.3 0.4 0.8 8.8

186 845.197 97.9 69.1

7,625 230.5

PROVISION FOR INCOME TAXES. NET INCOME..

1,893 1,415

4.4 3.3

4,086 6,847

8.8 14.7

2,193 115.8 5,432 383.9

8,479 7,691

4.6% 4.2%

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

For the three months ended June 30, 2003 Net cash provided by operating activities.. Net cash used in investing activities.. Net cash used in financing activities.. Effect of exchange rate changes on cash and cash equivalents. Net change in cash and cash equivalents.. Cash and cash equivalents, beginning of period. Cash and cash equivalents, end of period... 3,334 (211) (755) (484) 1,884 20,370 22,254 Yen (millions) For the three months ended June 30, 2004 1,752 (101) (1,916) 24,576 24,892 For the year ended March 31, 2004 28,941 (17,262) (6,596) (877) 4,206 20,370 24,576
OPERATING SEGMENT INFORMATION
For the three months ended June 30, 2003 Yen (millions) Japan Sales: (1) External customers.. (2) Intersegment. Total. Operating expenses. Operating income.. North America Europe Asia Other Total Corporate and eliminations Consolidated
11,405 9,041 20,446 19,240 1,206

9,10,582 10,916 (334)

15,420 1,299 16,719 15,307 1,412
1,700 4,937 6,637 6,020 617

4,4,660 4,463 197

42,918 16,126 59,044 55,946 3,098
(16,126) (16,126) (16,051) (75)
42,918 42,918 39,895 3,023
For the three months ended June 30, 2004 Yen (millions) Japan Sales: (1) External customers.. (2) Intersegment. Total. Operating expenses. Operating income.. North America Europe Asia Other Total Corporate and eliminations Consolidated
12,441 10,242 22,683 15,790 6,893

8,9,807 9,472 335

17,833 1,303 19,136 17,224 1,912
1,974 7,945 9,919 8,775 1,144

5,5,478 5,056 422

46,575 20,448 67,023 56,317 10,706
(20,448) (20,448) (20,193) (255)
46,575 46,575 36,124 10,451
For the year ended March 31, 2004 Yen (millions) Japan Sales: (1) External customers.. (2) Intersegment. Total. Operating expenses. Operating income.. North America Europe Asia Other Total Corporate and eliminations Consolidated
48,413 40,633 89,046 87,594 1,452
41,699 3,978 45,677 44,958 719
67,110 4,726 71,836 64,358 7,478
6,612 22,364 28,976 26,048 2,928

20,20,406 19,061 1,345

184,117 71,824 255,941 242,019 13,922
(71,824) (71,824) (72,598) 774
184,117 184,117 169,421 14,696
Note: Segment information is determined by the location of the Company and its relevant subsidiaries.
SUPPORT DOCUMENTATION (CONSOLIDATION)
1. Consolidated results and forecast
Yen (millions) For the three For the three months ended months ended June 30, 2003 June 30, 2004 (Results) (Results)
(Amount) (%) (Amount) (%)
Net sales... Domestic.... Overseas... Operating income.... Income before income taxes.... Net income.... Net income per share (Yen)... Employees....
42,918 4.4 9,061 (0.3) 33,857 5.7 3,023 7.4 3,308 104.3 1,415 128.2 9.69 8,310 Yen (millions) For the six months ending September 30, 2004 (Forecast)

46,575 8.5 8,896 (1.8) 37,679 11.3 10,451 245.7 10,933 230.5 6,847 383.9 47.59 8,499
For the year ended March 31, 2004 (Results)
For the year ending March 31, 2005 (Forecast)
Net sales... Domestic... Overseas... Operating income... Income before income taxes.. Net income... Net income per share (Yen).. Employees...
184,117 39,142 144,975 14,696 16,170 7,691 53.16 8,433
4.8 0.9 6.0 17.9 74.0 14.4
94,500 3.0 19,300 0.3 75,200 3.7 15,500 67.6 15,500 56.7 9,600 92.7 66.72 -
188,000 2.1 38,700 (1.1) 149,300 3.0 26,000 76.9 26,000 60.8 16,000 108.0 111.21 -
2. Consolidated net sales by geographic area
For the three months ended June 30, 2003 (Results)
Yen (millions) For the three months ended June 30, 2004 (Results)
Japan... North America.. Europe... Asia.... Other regions.. Total...
9,061 9,720 15,345 3,657 5,135 42,918
(0.3) (13.4) 20.8 9.9 7.2 4.4
8,896 8,937 17,676 4,883 6,183 46,575
(1.8) (8.1) 15.2 33.5 20.4 8.5
39,142 41,853 66,369 14,245 22,508 184,117
0.9 (8.2) 15.1 3.4 13.5 4.8
Note: The table above sets forth Makitas consolidated net sales by geographic area based on customers location for the periods presented.

3. Exchange rates

Yen For the three months ended June 30, 2003 (Results) Yen/U.S. Dollar. Yen/Euro. 118.49 134.66 For the three months ended June 30, 2004 (Results) 109.63 132.15 For the year ended March 31, 2004 (Results) 113.19 132.65 For the year ending March 31, 2005 (Forecast) 106 131
4. Sales growth in local currency basis (major countries)
For the three months ended June 30, 2004 (Results) U.S.A...... Germany..... U.K..... France...... China..... Australia..... (1.6%) 9.3% 15.0% 15.7% 11.5% (5.3%)
5. Production ratio (unit basis)
For the three months ended June 30, 2003 (Results) Domestic... Overseas... 36.7% 63.3% For the three months ended June 30, 2004 (Results) 31.5% 68.5% For the year ended March 31, 2004 (Results) 32.3% 67.7%
6. Consolidated capital expenditures, depreciation and amortization, and R&D cost

For the three months ended June 30, 2003 (Results) Capital expenditures. Depreciation and amortization. R&D cost.. 1,633 2,Yen (millions) For the year For the three ended months ended March 31, 2004 June 30, 2004 (Results) (Results) 1,035 1,321 1,031 4,494 7,963 4,086 For the year ending March 31, 2005 (Forecast) 6,000 6,400 4,200
7. Consolidated cash flow
For the three months ended June 30, 2003 (Results) Net cash provided by operating activities. Net cash used in investing activities.. Net cash used in financing activities.. 3,334 (211) (755) Yen (millions) For the three months ended June 30, 2004 (Results) 1,752 (101) (1,916) For the year ended March 31, 2004 (Results) 28,941 (17,262) (6,596)