Mabuchi Motor Co (6592) AI Stock Analysis

• Market Cap: ¥373.40B
• Dividend Yield: 2.71%
• Average Volume (3M): 316.49K
• Price to Earnings (P/E): 18.1
• Beta (1Y): 0.69
• Revenue Growth: 0.75%
• EPS Growth: 35.26%
• Country: JP
• Employees: 18,032
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 36.95
• Shares Outstanding: 260,649,840
• 10 Day Avg. Volume: 297,530
• 30 Day Avg. Volume: 316,493
• PEG Ratio: -0.68
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 1.45
• P/FCF Ratio: 10.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥1,630.00 ▲(11.80% Upside)

Mabuchi Motor Co's strong financial performance is the most significant factor, supported by robust revenue growth and a solid balance sheet. Technical analysis indicates a positive trend, although the valuation suggests the stock is priced at a premium. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Robust revenue growth

Sustained top-line expansion over multiple years supports scale economics and investment capacity. Larger revenue enables continued manufacturing efficiency, broader product support and incremental R&D/capex, strengthening long-term competitiveness and resilience to individual product cycles.

Strong balance sheet / low leverage

A high equity ratio and minimal leverage materially reduce refinancing and solvency risk. This durable financial strength provides flexibility for capex, working capital swings, strategic investments or downturns, enabling stable operations and proactive capital allocation over the medium term.

Improving cash generation

Recovery to positive free cash flow enhances the firm's ability to fund dividends, reinvest in manufacturing and product development, and reduce reliance on external financing. Consistent cash conversion bolsters long-term sustainability and supports steady capital deployment priorities.

Negative Factors

Net profit margin volatility

Variability in net margins undermines earnings predictability and can signal sensitivity to input costs, pricing or product mix shifts. Persistent margin swings would constrain ROE stability and complicate long-term planning for reinvestment, dividends and targeted profitability improvements.

Revenue depends on unit shipment volumes

A unit-based OEM sales model links revenue directly to production volumes and end-market cycles. This structural exposure makes cash flows and margins sensitive to automotive and consumer equipment demand swings, increasing cyclicality risk over multi-quarter horizons.

Return volatility despite healthy ROE

Although ROE has historically been strong, recent net income variability indicates potentially uneven earnings quality. Persistent return volatility can impair investor visibility, constrain strategic reinvestment decisions, and increase the risk profile during industry downturns or competitive margin pressure.

Mabuchi Motor Co Business Overview & Revenue Model

Company Description

Mabuchi Motor Co., Ltd. researches, develops, manufactures, markets, and sells small electric motors. It provides motors for use in automotive appliances, light electric vehicles, office equipment, precision and office equipment, home appliances and power tools, and car AV equipment; and brushless motors. The company sells its products in Japan, North and Latin America, Europe, China, and the Asia Pacific. Mabuchi Motor Co., Ltd. was incorporated in 1926 and is headquartered in Matsudo, Japan.

How the Company Makes Money

Mabuchi Motor generates revenue primarily through the sale of its electric motors and components to various industries. The company operates a business-to-business (B2B) model, supplying motors to original equipment manufacturers (OEMs) who incorporate them into their products. Key revenue streams include automotive applications, where its motors are used in systems like power windows and seat adjustments; consumer electronics, providing motors for devices such as cameras and printers; and industrial applications, supplying motors for automation and machinery. Partnerships with major brands and manufacturers enhance its market reach and stability. Additionally, Mabuchi benefits from economies of scale by maintaining production efficiency and cost control, allowing it to compete effectively in the global market.

Mabuchi Motor Co Financial Statement Overview

Summary

Mabuchi Motor Co exhibits strong financial performance with robust revenue growth and stable profitability. The balance sheet is solid, featuring low leverage and high equity, which mitigates financial risk. While cash flow metrics have improved, past fluctuations in profitability and free cash flow highlight areas for potential risk management.

Income Statement

Mabuchi Motor Co has demonstrated robust revenue growth over recent years, with a significant increase from ¥116.43 billion in 2020 to ¥196.21 billion in 2024. Gross profit margin improved, indicating efficient cost management. However, the net profit margin has shown fluctuations with a recent decline from previous years, suggesting potential areas for profitability improvement. The EBIT and EBITDA margins have been solid, showing consistent operational efficiency.

Balance Sheet

The company's balance sheet reflects financial stability with a strong equity base, as evidenced by the low debt-to-equity ratio. The equity ratio remains high, underscoring a solid capital structure with minimal leverage risk. Return on Equity (ROE) has been healthy, although recent net income fluctuations suggest potential volatility in returns.

Cash Flow

Mabuchi Motor Co has shown positive free cash flow growth, particularly recovering from negative figures in 2021 to a strong position in 2024. The operating cash flow to net income ratio is favorable, highlighting effective cash generation relative to income. The free cash flow to net income ratio indicates solid cash management practices, although past inconsistencies warrant attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	195.86B	196.21B	178.66B	156.71B	134.59B	116.43B
Gross Profit	56.42B	52.88B	44.14B	37.46B	36.41B	34.86B
EBITDA	30.43B	35.60B	28.19B	32.89B	30.13B	21.84B
Net Income	9.27B	12.83B	19.42B	14.29B	14.25B	8.99B
Balance Sheet
Total Assets	334.03B	354.99B	336.61B	307.78B	285.70B	262.56B
Cash, Cash Equivalents and Short-Term Investments	125.78B	134.94B	116.60B	103.11B	105.50B	111.52B
Total Debt	1.77B	517.00M	830.00M	1.11B	122.00M	380.00M
Total Liabilities	30.39B	35.37B	31.57B	27.61B	25.80B	23.46B
Stockholders Equity	303.63B	319.62B	305.03B	280.17B	259.91B	239.10B
Cash Flow
Free Cash Flow	0.00	26.07B	18.73B	-267.00M	-879.00M	11.01B
Operating Cash Flow	0.00	40.13B	31.74B	10.21B	8.74B	18.74B
Investing Cash Flow	0.00	-15.75B	-15.61B	-10.47B	-12.97B	-5.30B
Financing Cash Flow	0.00	-16.18B	-11.85B	-10.09B	-11.29B	-10.95B

Mabuchi Motor Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1458.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6592, the sentiment is Positive. The current price of 1458 is below the 20-day moving average (MA) of 1468.97, above the 50-day MA of 1422.79, and above the 200-day MA of 1214.07, indicating a neutral trend. The MACD of 7.38 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 18.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6592.

Mabuchi Motor Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7988	79 Outperform	¥450.84B	9.60	―	1.60%	-5.16%	200.96%
6592	75 Outperform	¥373.40B	18.12	6.33%	2.71%	0.75%	35.26%
7282	74 Outperform	¥532.39B	11.63	8.26%	2.62%	1.44%	-0.92%
5991	74 Outperform	¥568.42B	14.23	―	2.60%	1.06%	-5.99%
7278	69 Neutral	¥208.16B	15.31	6.56%	5.39%	-2.26%	―
6471	66 Neutral	¥525.01B	29.18	―	3.52%	1.43%	83.34%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Mabuchi Motor Co Corporate Events

Mabuchi Motor Finalizes Nippon Pulse Motor Acquisition and Rebrands Subsidiary

Mabuchi Motor has completed the acquisition of Nippon Pulse Motor Co., Ltd., which has been renamed MABUCHI MOTOR NPM CO., LTD., strengthening the group’s capabilities in motion control by combining motors with control systems and deep application know-how in medical and industrial equipment. By integrating Nippon Pulse Motor’s global production and sales network and aligning the subsidiary under the Mabuchi brand, the company aims to expand its business in the Mobility, Machinery and Medical sectors, enhance group cohesion and better meet diverse customer needs worldwide, while noting that the transaction’s impact on current-year consolidated results is expected to be limited.

The most recent analyst rating on (JP:6592) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Mabuchi Motor Co stock, see the JP:6592 Stock Forecast page.

Mabuchi Motor Reports No Treasury Share Purchases Yet Under New Buyback Mandate

Mabuchi Motor Co., Ltd. reported that under its latest treasury stock repurchase framework, no shares were bought between December 23 and December 31, 2025, resulting in a total purchase amount of zero yen for that period. This buyback program, authorized by the board on August 14, 2025, allows for the acquisition of up to 12 million shares (or 24 million shares after a 2-for-1 stock split effective January 1, 2026) with a maximum budget of ¥19.0 billion through open-market purchases, and envisions canceling all repurchased shares at a later date. As of December 31, 2025, however, the company had not yet executed any purchases under this mandate, indicating that the capital-allocation initiative remains in place but is still at a preparatory stage, with timing and market conditions likely to determine when and how actively management proceeds, a point of interest for shareholders watching potential impacts on earnings per share and capital structure.

The most recent analyst rating on (JP:6592) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Mabuchi Motor Co stock, see the JP:6592 Stock Forecast page.

Mabuchi Motor Completes ¥7 Billion Share Buyback Program

Mabuchi Motor Co., Ltd. has completed a board-approved share buyback program, purchasing a total of 3,133,200 shares of its common stock on the open market between February 18 and December 22, 2025, at an aggregate cost of approximately ¥7.0 billion. The final tranche, executed from December 1 to December 22, 2025, comprised 58,800 shares for ¥165.3 million, bringing the program to 68.1% of its maximum share volume but virtually 100% of its authorized monetary limit, signaling disciplined capital allocation and likely supporting shareholder value through reduced share count.

The most recent analyst rating on (JP:6592) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Mabuchi Motor Co stock, see the JP:6592 Stock Forecast page.

Mabuchi Motor Co. Advances Treasury Stock Purchase Plan

Mabuchi Motor Co., Ltd. announced the purchase of 104,500 shares of its treasury stock, amounting to ¥280,551,100, as part of a broader plan approved by the board to acquire up to 4,600,000 shares by the end of 2025. This strategic move is aimed at optimizing capital structure and enhancing shareholder value, with the company having already acquired 3,074,400 shares, representing 66.8% of the maximum allowance set for the purchase.

The most recent analyst rating on (JP:6592) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Mabuchi Motor Co stock, see the JP:6592 Stock Forecast page.

Mabuchi Motor Co. Advances Treasury Stock Acquisition

Mabuchi Motor Co., Ltd. announced the purchase of 130,500 shares of its common stock, totaling ¥335,275,350, as part of its ongoing treasury stock acquisition program. This move is part of a broader strategy approved by the board to purchase up to 4.6 million shares, with a maximum expenditure of ¥7 billion, aimed at enhancing shareholder value and optimizing capital structure.

The most recent analyst rating on (JP:6592) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Mabuchi Motor Co stock, see the JP:6592 Stock Forecast page.