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World's largest maker of small brushed and brushless DC micromotors used in cars, power tools and appliances.
World's largest maker of small brushed and brushless DC micromotors used in cars, power tools and appliances.
Sells motors in huge volume to car-parts makers and appliance makers, designed into products for years, with automotive uses taking most of sales. Production sits mainly in China and Vietnam, close to its customers' assembly lines.
In one line: A smaller, motors-only Nidec.
Moat: narrow (scale, process know-how). World-scale volume manufacturing and decades of automotive qualification lower unit costs.
Headquarters: Matsudo, Japan · Founded: 1954 · Employees: 17,408
Size Mabuchi Motor (6592.T) is a Japan Industrials company (Electrical Products) with a market value of $2.84B, the 377th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,738 on 6 Nov 2026.
Performance Over six months the shares gained 17.9%, against -34.1% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 12.3% over the last twelve months (peer median +18.9%); the operating margin is 12.3% (peer median 8.5%).
Valuation It trades at 17.9× forward earnings against a peer median of 19.4× (8th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points below its cost of capital (8.5% WACC).
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥221B | ¥200B | ¥196B | ¥179B | ¥157B |
| Revenue growth | — | +2% | +10% | +14% | — |
| Gross profit | ¥66.5B | ¥56.8B | ¥49.8B | ¥41.6B | ¥35.1B |
| EBITDA | ¥42.4B | ¥39.2B | ¥36.2B | ¥28.5B | ¥22.8B |
| Net income | ¥26.7B | ¥26.3B | ¥12.8B | ¥19.4B | ¥14.3B |
| Free cash flow | n/a | ¥25.1B | ¥26.1B | ¥18.7B | -¥267M |
| Capital expenditure | n/a | ¥10.3B | ¥14.1B | ¥13.0B | ¥10.5B |
| Total debt | ¥11.1B | ¥1.32B | ¥517M | ¥830M | ¥1.11B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Mabuchi Motor 6592.T | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Johnson Electric 0179.HK | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% |
| Mitsuba 7280.T | $333M | +2% | +3% | 7% | n/a | -16.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6592.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -9.4% | 6th highest of 21 |
| 6-month return | +17.9% | -34.1% | highest of 21 |
| Distance from 52-week high | -8.9% | -49.2% | highest of 21 |
| Revenue growth (TTM) | +12.3% | +18.9% | 9th lowest of 21 |
| Operating margin | 12.3% | 8.5% | 7th highest of 21 |
| Forward P/E | 17.9× | 19.4× | 8th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 5.8% | 13.8% | 3rd least demanding of 10 |
| Growth delivered (Del g) | +11.5% | +10.7% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | -5.6 pp | -1.8 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | -0.1 pp | -1.6 pp | 9th highest of 21 |
| EV / EBITDA | 8.2× | 27.3× | 2nd cheapest of 5 |
| Net debt / EBITDA | -2.4× | 0.7× | least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mabuchi Motor 6592.T | Japan | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% | +11.5% |
| Time Interconnect Technology 1729.HK | Hong Kong | $2.84B | -57% | +84% | 7% | 10.8× | n/a | n/a |
| Zhuhai CosMX Battery 688772.SS | China | $2.88B | +2% | +18% | -2% | 144.1× | n/a | n/a |
| Ming Yang Smart Energy 601615.SS | China | $2.80B | -47% | +8% | -4% | 19.4× | n/a | n/a |
| Shenzhen Senior Technology Material 300568.SZ | China | $2.80B | -23% | +45% | 10% | 27.4× | n/a | n/a |
| Shijiazhuang Shangtai Technology 001301.SZ | China | $2.80B | -16% | +34% | 13% | 16.6× | n/a | n/a |
| Tianneng Battery 688819.SS | China | $2.79B | -37% | +2% | 0% | 10.9× | -7.9% | +5.4% |
| Fortior Technology (Shenzhen) 688279.SS | China | $2.76B | 0% | +46% | 25% | 62.7× | n/a | n/a |
| Qingdao Hanhe Cable 002498.SZ | China | $2.74B | -37% | +21% | 3% | 18.3× | n/a | n/a |
| Zhongshan Broad-Ocean Motor 002249.SZ | China | $2.73B | -21% | +1% | 6% | n/a | 7.7% | +9.5% |
| TDG 600330.SS | China | $2.96B | -43% | +21% | -19% | 320.4× | n/a | n/a |
| Daming Electronics 603376.SS | China | $2.71B | -22% | +110% | 9% | n/a | n/a | n/a |
| Shenzhen Woer Heat-Shrinkable Material 002130.SZ | China | $2.98B | -37% | +20% | 15% | 16.4× | 1.8% | +15.6% |
| Schneider Electric Infrastructure SCHNEIDER.NS | India | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% | +17.4% |
| Weihai Guangwei Composites 300699.SZ | China | $2.68B | -35% | +12% | 16% | 45.8× | 13.8% | +6.2% |
| GS Yuasa 6674.T | Japan | $2.67B | -33% | +6% | 10% | 9.9× | n/a | n/a |
| Huaming Power Equipment 002270.SZ | China | $2.66B | -19% | +7% | 32% | 22.3× | 5.9% | +12.3% |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| Zhefu 002266.SZ | China | $3.09B | -26% | +27% | 8% | 9.3× | n/a | n/a |