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

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%.

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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%

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