Mabuchi Motor (6592) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 increased 4.2% year-over-year to ¥46,961 million, with motor sales also up 4.2%.

• Operating income surged 63.8% year-over-year to ¥6,377 million, driven by cost improvements and a weaker yen.

• Ordinary income dropped 48.6% year-over-year to ¥4,746 million due to foreign exchange losses.

• Profit attributable to owners of parent fell 50.6% year-over-year to ¥3,325 million.

• Comprehensive income turned negative at ¥(8,398) million, compared to ¥20,698 million last year.

Financial highlights

• Gross profit rose to ¥14,227 million from ¥11,186 million year-over-year.

• EPS for Q1 2025 was ¥26.46, down from ¥52.61 in Q1 2024.

• Total assets decreased to ¥331,901 million from ¥354,989 million at year-end 2024.

• Net assets declined to ¥305,284 million, with an equity ratio of 92.0%.

• Cash and bank deposits fell by ¥10,391 million from the previous fiscal year-end.

Outlook and guidance

• Full-year 2025 net sales forecast at ¥198,000 million, up 0.9% year-over-year.

• Operating income projected at ¥22,200 million, up 2.6% year-over-year.

• Profit attributable to owners of parent expected to rise 17.7% to ¥15,100 million.

• Assumes foreign exchange rate of ¥155/USD; forecasts unchanged barring significant changes.