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An update from Mabuchi Motor Co ( (JP:6592) ) is now available.
Mabuchi Motor Co. has revised its consolidated financial forecast for the fiscal year ended December 31, 2024, reflecting an increase in net sales and operating income due to factors like increased sales volume and yen depreciation. Despite these gains, the profit attributable to owners is expected to decline by 16.7%, largely due to an impairment loss at its Polish subsidiary, highlighting challenges in balancing operational growth with financial liabilities.
More about Mabuchi Motor Co
Mabuchi Motor Co., Ltd. operates in the motor industry, focusing on the production of small electric motors. The company is known for its products catering to a variety of applications, including automotive, home appliances, and industrial devices, with a strong focus on expanding its market presence globally.
YTD Price Performance: -3.33%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.75B
See more insights into 6592 stock on TipRanks’ Stock Analysis page.
