Slides
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1 Mabuchi Motor Co., Ltd. (Securities Code: 6592) FY2026 3rd Quarter Financial Results Briefing Briefing Materials November 2, 2026
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2 FY2026 3rd Quarter Financial Results Briefing Statements concerning the business forecast recorded in these slides are based on information available at the time of preparation. Actual results may differ from the forecast due to various factors. Factors that may affect the operating results include, but are not limited to: ⚫ Fluctuations in exchange rates ⚫ Changes in economic conditions, demand trends, and other factors surrounding Mabuchi’s businesses ⚫ Rapid technical innovations such as new technologies and new products ⚫ Fluctuations in market prices of copper, steel, rare earths, and other materials
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3 Consolidated Performance ⚫ Net sales increased 14.2% year on year, due to expanded orders in the automotive products market, yen depreciation, and the consolidation effect of Mabuchi NPM and Masdac, among other factors. ⚫ Operating income increased 10.6% year on year, as factors causing an increase in profit, including improvements in selling prices and product mix, outweighed factors causing a decrease in profit, including cost increases. (billion yen) 147.0 (100.0%) 167.9 (100.0%) 14.2% 225.0 (100.0%) 74.6% 44.7 (30.5%) 52.0 (31.0%) 16.2% 67.3 (29.9%) 77.3% 19.5 (13.3%) 21.6 (12.9%) 10.6% 26.5 (11.8%) 81.5% 23.4 (15.9%) 26.4 (15.8%) 13.0% 31.3 (13.9%) 84.3% 18.0 (12.3%) 18.5 (11.0%) 2.5% 22.2 (9.9%) 83.3% SG&A Expenses 25.2 (17.2%) 30.4 (18.1%) 20.4% 40.8 (18.1%) 74.5% Foreign Exchange Gains/Losses 73.8% - Effective Tax Rate 5.8pp - Progress Profit Attributable to Owners of Parent 0.4 0.7 - Q3 Results Full-Year ForecastQ3 Results Net Sales FY2025 FY2026 FY2026Year-on-Year Gross Profit 23.7% 29.5% 27.1% Operating Income Ordinary Income
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4 Analysis of Factors Causing Increase/Decrease in Operating Income ⚫ Selling prices and product mix improved. ⚫ Factors causing cost increases included an increase in SG&A expenses for growth. FY2025 Q3 Results ¥19.5 billion FY2026 Q3 Results ¥21.6 billion Selling prices and product mix ¥13.5 billion Foreign exchange ¥1.7 billion Sales in quantity ¥1.3 billion Commodity prices (copper, steel, precious metals, etc.) ¥3.1 billion Cost ¥8.7 billion *The increases in selling prices and product mix and in costs include the impact of subsidiary acquisitions through M&A.
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5 Sales and Production Quantity, Foreign Exchange Rate with Major Currencies ⚫ Against the U.S. dollar, the yen depreciated 7.0% year on year. The yen also depreciated against the euro and the renminbi, resulting in an overall trend of yen depreciation compared with the same period of the previous year. ⚫ Exchange rate sensitivity: a ¥1 depreciation resulted in increases of ¥1.17 billion in net sales (annual) and ¥0.22 billion in operating income (annual). ⚫ Motor inventories at the end of Q3 stood at 320 million units. *Sales quantity and production quantity on this slide do not include those of subsidiaries that were integrated through M&A. *Sales sensitivity was calculated based on fluctuations in other currencies in addition to a major currency, USD. *For currencies other than the USD, sensitivity per 1 yen is calculated on the assumption of yen appreciation at the same rate as against the USD. Amount % Sales Quantity (mil. pcs) 1,000 968 -31 -3.1% Production Quantity (mil. pcs) 983 987 3 0.4% USD (average during the period) ¥148.23 ¥158.54 10.31 7.0% EUR (average during the period) ¥165.54 ¥184.12 18.58 11.2% RMB (average during the period) ¥20.69 ¥23.12 2.43 11.7% Year-on-Year Q3 Results Q3 Results FY2025 FY2026
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6 Motor Business: Automotive Products 73.2% Motor Business: Life and Industrial Products 20.9% Equipment, Parts and Other Business 5.9% Sales Results Breakdown of Sales Amount (billion yen) FY2026 Q3 Forecast Change from Forecast (Announced Aug. 2026) (Announced Aug. 2026) 146.9 167.5 167.9 (US$1 = ¥148.23) (average during the period) (US$1 = ¥157.12) (average during the period) (US$1 = ¥158.54) (average during the period) Amount (billion yen) 114.3% 100.2% FY2025 Q3 Results FY2026 Q3 Results Year-on-Year 112.6 122.8 31.4 35.12.8 9.9146.9 167.9 Automotive Products 109.1% Life and Industrial Products 111.9% Equipment, Parts and Other Business 343.1% FY2025 Q3 Results FY2026 Q3 Results • These figures exclude other revenue from the motor business (such as parts). • Starting in Q3 FY2026, a portion of Automotive Products and Life and Industrial Products has been separated into the Equipment, Parts and Other Business. Figures for FY2025 have also been retroactively revised.
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7 Sales Results by Business and Market FY2026 Q3 Forecast Change from Forecast (Announced Aug. 2026) (Announced Aug. 2026) Automotive Products (Medium-Sized Motors) 55.7 61.9 61.6 110.5% 99.5% Automotive Products (Small Motors) 56.8 61.3 61.2 107.6% 99.8% Life and Industrial Products 31.4 35.7 35.1 111.9% 98.4% 2.8 8.4 9.9 343.1% 116.6% 148.23 157.12 158.54 — — Year-on-Year Motor Business Equipment, Parts and Other Business Exchange Rate (JPY/USD) Business / Market FY2026 Q3 ResultsFY2025 Q3 Results (Unit: billion yen) * Actual results use the average exchange rate during the period; plans use the projected rate announced at each release. * These figures exclude other revenue from the motor business (such as parts). * Starting in Q3 FY2026, a portion of Automotive Products and Life and Industrial Products has been separated into the Equipment, Parts and Other Business. Figures for FY2025 have also been retroactively revised.
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8 20.6 23.4 12.5 11.7 8.2 12.04.3 4.69.8 9.855.7 61.6 Power window lifters 113.4% EPB 92.9% Power seats 145.1% Valve actuators 105.8% Others 100.2% FY2025 Q3 Results FY2026 Q3 Results 20.7 23.0 18.1 19.6 7.7 8.2 10.2 10.2 56.8 61.2 Mirrors (including f olding) 110.7% Door lock actuators 108.4% Air conditioning damper actuators 106.6% Others 100.7% FY2025 Q3 Results FY2026 Q3 Results Sales Results by Business ⚫ Sales of medium-sized automotive motors increased overall. Sales for EPB applications decreased, but sales for power seat, power window lifter, and valve actuator applications increased significantly due to expanded orders, and yen depreciation also contributed to the increase. Sales by Main Application (Medium-Sized Motors) Sales by Main Application (Small Motors) Year-on-Year (billion yen) Year-on-Year (billion yen) Motor Business: Automotive Products * Starting in Q3 FY2026, a portion of Automotive Products and Life and Industrial Products has been separated into the Equipment, Parts and Other Business. Figures for FY2025 have also been retroactively revised. ⚫ Sales of small automotive motors increased overall due to higher sales for mirror, door lock actuator, and air conditioning damper actuator applications, as well as yen depreciation.
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9 2.8 9.9 Equipment, Parts and Other Business 343.1% FY2025 Q3 Results FY2026 Q3 Results 9.4 8.7 2.8 2.9 4.8 4.9 8.1 7.7 6.1 10.7 31.4 35.1 Health and medical 92.9% Personal care 101.5% Home appliances, power tools and housing equipment 101.9% Office equipment 95.7% Others 174.9% FY2025 Q3 Results FY2026 Q3 Results Sales Results by Business ⚫ Sales increased overall, supported by the consolidation effect of companies that joined the Group through M&A, as well as yen depreciation. Year-on-Year (billion yen) Motor Business: Life and Industrial Products ⚫ In food machinery, deliveries of equipment and other items aimed at labor-saving progressed at Masdac, for which net sales and P&L were newly consolidated in Q3. In parts, sales of gears for office equipment and robot vacuum cleaners remained strong. Equipment, Parts and Other Business Year-on-Year (billion yen) Sales by Main Application (Life and Industrial Products) Sales by Main Application (Equipment, Parts and Other Business) * Starting in Q3 FY2026, a portion of Automotive Products and Life and Industrial Products has been separated into the Equipment, Parts and Other Business. Figures for FY2025 have also been retroactively revised.
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10 Reference: Motor Sales Quantity ⚫ Motor Sales Quantity (Excluding subsidiaries integrated through M&A) Unit: In Millions (Ratio) (YOY) Fiscal Term % % % % % % % % % % Automotive Products 273 79.6 1.5 279 81.6 2.0 253 81.2 -0.2 272 82.7 3.1 264 80.8 -3.4 Life & Industrial Products 70 20.4 -13.6 63 18.4 -8.2 58 18.8 -14.0 56 17.3 -17.3 62 19.2 -11.7 Total Sales 343 100.0 -2.3 342 100.0 0.0 312 100.0 -3.1 329 100.0 -1.1 327 100.0 -5.1 2025.Q3 2025.Q4 2026.Q1 2026.Q2 2026.Q3
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11 Shareholder Returns ⚫ Dividends: FY2026 forecast of ¥70 per share for the full year (a record high, unchanged from the forecast announced in August2026) ⚫ Acquisition of treasury stock: Completed the acquisition of ¥19.0 billion in 2026 (acquisition concluded on September 18, 2026) Change in Dividends (Note) The amounts are converted based on the four-for-one stock split for 2023 and earlier, and based on the two-for-one stock split for 2025 and earlier. Total Payout Ratio Treasury stock will be acquired with the aim of achieving a cumulative total payout ratio of 100% over the five years from 2026 to 2030. ⚫ Dividends are calculated according to a Dividend on Equity (DOE) ratio with a target of 3.0-5.0% by comprehensively considering cash flows, business environment and other factors. ⚫ For the period through 2030: • Progressive dividends will be the basic policy. • In cases where the ROE for the previous fiscal year is below 10% or the PBR is below 1.0x, a Dividend on Equity (DOE) ratio will be set at 5%. Dividend Calculation Standard 33.75 37.5 38.0 53.0 70.0 3.75 61.1% 49.8% 75.2% 50.0% 75.8% 82.3% 65.5% 122.1% 76.6% 160.8% 2022 2023 2024 2025 2026 Forecast Dividend Commemorative Dividend Dividend Payout Ratio Total Payout Ratio