Mabuchi Motor raised its full-year net sales guidance to ¥225.0 billion and outlined plans to grow its equipment and components business into a second core business alongside its existing motor business. At its earnings briefing, the company reviewed first-half results and explained its outlook for the second half, emphasizing a shift in its business structure.
At its earnings briefing for the first half of 2026, Mabuchi Motor disclosed plans to raise its full-year net sales forecast to ¥225.0 billion. The motor business, centered on motors for automotive electrical equipment, secured higher sales through the benefits of yen depreciation and an improved product mix, while sales of motors for life and industrial equipment declined in some areas, including due to inventory adjustments for toothbrush motors. First-half ordinary profit increased despite the impact of foreign exchange, marking continued improvement in the company’s earnings base.
The company positioned its equipment and components business as a new core business and outlined plans to pursue growth from the second half of 2026 onward by integrating MASDAC’s components and equipment business with Mabuchi Engineering’s production engineering capabilities. It aims to combine expansion through mold and component-related businesses with MASDAC’s overseas development to enhance synergies across the group.
For the full year, the company expects to maintain sales growth while the impact of foreign exchange continues, and forecasts operating profit of approximately ¥26.4 billion to ¥26.5 billion. The second-half exchange-rate assumption is ¥155 to the US dollar. The company is also considering price revisions in response to higher raw material costs, although it explained that the timing could be deferred into a subsequent period. It also announced a change to its shareholder return policy, raising the DOE cap to 5% and targeting a total payout ratio of approximately 100% over five years.
Under its market-by-market plan for 2026, the company has set targets for medium- and small-sized automotive electrical equipment in the motor business, while forecasting ¥13.7 billion for the equipment and components business and ¥46.6 billion for life and industrial equipment. The company emphasized its plans to expand solution offerings in these areas by leveraging its production engineering capabilities and MASDAC’s resources.