Mabuchi Motor Co. Reports Fiscal Year 2024 Financial Results

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Mabuchi Motor Co. Reports Fiscal Year 2024 Financial Results

The latest announcement is out from Mabuchi Motor Co ( (JP:6592) ).

Mabuchi Motor Co., Ltd. reported its consolidated financial results for the fiscal year ended December 31, 2024, showing a 9.8% increase in net sales compared to the previous year, reaching ¥196,212 million. Despite the rise in sales and operating income, the company’s profit attributable to owners of the parent decreased by 33.9% to ¥12,831 million. The company experienced a decline in comprehensive income and return on equity, which was impacted by a stock split conducted on January 1, 2024. The company also noted a forecast for modest growth in net sales and operating income for the fiscal year 2025.

More about Mabuchi Motor Co

Mabuchi Motor Co., Ltd. is a company listed on the Tokyo Stock Exchange, primarily involved in the manufacturing of small electric motors. These motors are widely used in various applications, including automotive, office equipment, and home appliances, making Mabuchi Motor a significant player in the electric motor industry.

YTD Price Performance: -0.28%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.78B

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