MABUCHI MOTOR, Last Fiscal Year Ordinary Profit Revised Upward to an Unexpected 20% Increase

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Fri Feb 7, 2025 5:00 pm JST Revision

6592 MABUCHI MOTOR CO., LTD. 【J-GAAP】

Guidance Update Report

MABUCHI MOTOR CO., LTD. <6592> [TSE Prime] announced a performance revision after the market closed on February 7th (17:00). The consolidated ordinary profit for the fiscal year ending December 2024 has been revised upward 35.7%, from the previous forecast of 23.9 billion yen to 32.4 billion yen (compared to 26.9 billion yen in the previous period), turning to a 20.2% increase in the consolidated ordinary profit outlook. However, the full-year consolidated net income has decreased 16.7%, from the previous forecast of 15.4 billion yen to 12.8 billion yen (compared to 19.4 billion yen in the previous period), leading to an increase in the profit decline rate from 20.7% to 33.9%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated ordinary profit has been revised upward 2.9 times, from the previous forecast of 4.5 billion yen to 13 billion yen (compared to 14.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 68.7% to 9.4%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	93,733	9,737	4,507	2,894	23.0	38	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	100,943	12,477	13,047	324	2.6	38	Feb 7, 2025	J-GAAP
Revision Rate	+7.7%	+28.1%	+189.5%	-88.8%	-88.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	189,000	18,900	23,900	15,400	122.5	76	Aug 14, 2024	J-GAAP
Dec, 2024 New	196,210	21,640	32,440	12,830	101.0	76	Feb 7, 2025	J-GAAP
Revision Rate	+3.8%	+14.5%	+35.7%	-16.7%	-17.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	97,077	11,384	14,408	9,294	72.1	41.50	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	100,943	12,477	13,047	324	2.6	38	Feb 7, 2025	J-GAAP
YoY	+4.0%	+9.6%	-9.4%	-96.5%	-96.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	156,706	10,824	21,473	14,295	110.4	67.50	Feb 14, 2023	J-GAAP
Dec, 2023	178,663	15,536	26,994	19,416	150.5	75	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	196,210	21,640	32,440	12,830	101.0	76	Feb 7, 2025	J-GAAP
YoY	+9.8%	+39.3%	+20.2%	-33.9%	-32.9%