Mabuchi Motor Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending December 31, 2014
November 29, 2014 at 12:30 am IST
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Mabuchi Motor Co. Ltd. reported consolidated earnings results for the nine months ended September 30, 2014. For the period, the company reported net sales of JPY 89,628 million compared to JPY 79,653 million a year ago. Operating income was JPY 12,689 million compared to JPY 6,970 million a year ago. Ordinary income was JPY 16,217 million compared to JPY 11,775 million a year ago. Net income was JPY 12,835 million compared to JPY 8,743 million a year ago. Fully diluted net income per share was JPY 366.07 compared to JPY 249.53 a year ago. Operating income was an 82.1% increase on a year-on-year basis due to progress with cost-reduction measures and an improvement in the product mix, coupled with a weak yen compared to the same period last year. Income before income taxes was JPY 16,490 million against JPY 11,576 million a year ago.
For the year ending December 31, 2014, the company expects net sales to be JPY 117,500 million, operating income to be JPY 14,900 million, ordinary income to be JPY 16,500 million and net income to be JPY 12,400 million or JPY 353.73 per share.
MABUCHI MOTOR CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of small motors. Its automotive electrical equipment are used in car mirrors, door locks, dampers for air conditioning, power windows, power sheets, collimating equipment for headlights, lumbar supports and others. Its consumer goods and business machine are used in shavers, hair clippers, hair removal machines, toothbrushes, hair dryers, impact wrenches, circular saws, tools, inkjet printers, copiers, multifunction peripheral (MFP), laser printers and others.
Mabuchi Motor Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending December 31, 2014