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The latest update is out from Mabuchi Motor Co ( (JP:6592) ).
Mabuchi Motor Co., Ltd. announced an extraordinary impairment loss due to decreased earnings at its Polish subsidiary, attributed to challenges in the European automobile market and rising production costs. To mitigate this, the company plans to optimize production and focus on high-value-added products to enhance its cost competitiveness and reinforce its management foundation.
More about Mabuchi Motor Co
Mabuchi Motor Co., Ltd. operates in the motor industry, primarily focusing on the production of small electric motors for various applications, including automotive and industrial sectors. The company is known for its emphasis on cost competitiveness and market adaptation.
YTD Price Performance: -3.33%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.75B
Learn more about 6592 stock on TipRanks’ Stock Analysis page.
