Seat, window and valve motors lead
Mabuchi Motor Co., Ltd. (TSE: 6592) reported consolidated results for the first nine months of FY12/2026, January 1 to September 30, 2026, on November 2, 2026 under Japanese GAAP. Sales of motors for automotive products rose 9.1% to ¥122,875 million: in mid-sized applications, orders won for power seats, power windows and valves more than offset lower sales for electric parking brakes, and small applications such as mirrors, door locks and air-conditioning dampers also grew. Life & industry products rose 11.9% to ¥35,151 million, helped by companies acquired through M&A. Under its e-MOTO concept of offering motion solutions beyond rotation, Mabuchi reorganised its reporting after acquiring Masudac; the new Equipment & parts business, including Masudac's food machinery consolidated from the third quarter and gears for office equipment and robot vacuum cleaners, grew sales 243.1% to ¥9,909 million.
Buybacks and an unchanged outlook
Ordinary profit rose 13.0% to ¥26,489 million, and profit before income taxes 11.2% to ¥26,390 million, but higher income taxes held net profit growth to 2.5% at ¥18,545 million. Total assets rose ¥11,545 million to ¥381,709 million on higher inventories, intangible assets and fixed assets, while cash and deposits fell ¥31,039 million; net assets fell to ¥325,847 million as treasury stock increased by ¥18,745 million. Mabuchi expects global vehicle production to edge down from last year but left its consolidated earnings and dividend forecasts unchanged.
| Metric | 9M FY12/2026 | 9M FY12/2025 | Change |
|---|---|---|---|
| Net sales (¥ million) | 167,949 | 147,025 | +14.2% |
| Operating profit (¥ million) | 21,631 | 19,556 | +10.6% |
| Ordinary profit (¥ million) | 26,489 | 23,441 | +13.0% |
| Pre-tax profit (¥ million) | 26,390 | 23,733 | +11.2% |
| Net profit attrib. to owners of parent (¥ million) | 18,545 | 18,097 | +2.5% |
| Automotive products — revenue (¥ million) | 122,875 | — | +9.1% |
| Life & industry products — revenue (¥ million) | 35,151 | — | +11.9% |
| Equipment & parts — revenue (¥ million) | 9,909 | — | +243.1% |
| Total assets (¥ million) | 381,709 | 370,164 | +3.1% |
| Net assets (¥ million) | 325,847 | 334,235 | -2.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.