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MABUCHI MOTOR CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 9%, July-September Ordinary Profit Turns to Loss

Fri Nov 1, 2024 12:30 pm JST Earnings

6592 MABUCHI MOTOR CO., LTD. 【J-GAAP】

Earnings Report

MABUCHI MOTOR CO., LTD. <6592> [TSE-P] announced its financial results at noon (12:30) on November 1st. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 9.4% from the same period last year to 18.1 billion yen. However, The progress rate against the 23.9 billion yen full-year plan was 76.0%, also surpassing the five-year average of 73.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 17.5% from the same period last year to 5.74 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 1.23 billion yen (compared to a profit of 7.45 billion yen in the same period last year). However, the operating profit margin significantly improved from 9.8% in the same period last year to 13.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 114,568 7,428 20,113 14,243 109.9 93.7 Nov 2, 2022 J-GAAP
Jan - Sep, 2023 129,086 8,807 20,036 15,364 118.9 74.2 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 146,098 15,925 18,159 11,064 86.9 76.0 Nov 1, 2024 J-GAAP
YoY +13.2% +80.8% -9.4% -28.0% -26.9%

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 93,733 9,737 4,507 2,894 23.0 38 Aug 14, 2024 J-GAAP
YoY -3.4% -14.5% -68.7% -68.9% -68.0%

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 189,000 18,900 23,900 15,400 122.5 76 Aug 14, 2024 J-GAAP
YoY +5.8% +21.7% -11.5% -20.7% -18.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 47,500 4,655 7,450 5,242 40.6 9.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 49,577 6,729 6,958 4,052 31.4 13.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 45,056 3,892 9,226 6,733 52.6 8.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 50,211 5,271 10,167 5,773 45.3 10.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 50,831 6,762 -1,234 -1,442 -11.3 13.3 Nov 1, 2024 J-GAAP
YoY +7.0% +45.3% － － －

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