Mabuchi Motor (6592) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, rose 0.6% year-over-year to ¥147,025 million, with operating income up 22.8% and profit attributable to owners of parent up 63.6%.

• Automotive products market sales declined 0.1% year-over-year, while life and industrial products market sales increased 3.0%.

• The company completed several acquisitions, including OB Kogyo Ltd. and Oki ME Co., Ltd., expanding its product lineup and market reach.

Financial highlights

• Operating income reached ¥19,556 million, up 22.8% year-over-year; ordinary income was ¥23,441 million, up 29.1%.

• Profit attributable to owners of parent was ¥18,097 million, a 63.6% increase year-over-year.

• Gross profit margin improved, with gross profit at ¥44,796 million versus ¥39,090 million a year earlier.

• EPS for the period was ¥145.45, up from ¥86.87 in the prior year.

• Comprehensive income declined 21.9% year-over-year to ¥9,691 million due to negative foreign currency translation adjustments.

Outlook and guidance

• Full-year net sales forecast is ¥193,000 million (up 1.6% year-over-year), with operating income of ¥21,600 million and profit attributable to owners of parent of ¥16,500 million (up 28.6%).

• Dividend forecast for fiscal 2025 is ¥78.00 per share.

• Management expects stable demand in health and medical equipment but notes uncertainty due to geopolitical risks and tariffs.