Mabuchi Motor Co ( (JP:6592) ) has issued an update.
Mabuchi Motor Co., Ltd. announced an extraordinary loss of 17,738 million yen in its non-consolidated financial results for the fiscal year ending December 31, 2024, due to a significant decline in the value of its investment in a subsidiary, Mabuchi Motor Poland sp. z o.o. This loss is attributed to impairment losses on fixed assets and is recorded only in the company’s non-consolidated financial statements, having no impact on its consolidated financial results.
More about Mabuchi Motor Co
Mabuchi Motor Co., Ltd. operates in the electric motor industry, focusing on the manufacture and distribution of small electric motors used in a variety of applications, including automotive and home appliances.
YTD Price Performance: -3.33%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.75B
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