Interim report
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CONSOLIDATED FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2026 (J-GAAP) November 2, 2026 Name of listed company: MABUCHI MOTOR CO., LTD. Stock exchange listing: Tokyo Securities code: 6592 (URL: https://www.mabuchi-motor.com) Representative: Tohru Takahashi (Representative Director and President) Contact: Keiichi Hagita (Executive Officer, Chief Financial Officer) Scheduled date of start of dividends payments: — Preparation of the consolidated financial results presentation materials (Yes/No): Y es Holding of the consolidated financial results briefing meeting (Yes/No): Y es (Amounts less than one million yen have been omitted.) 1. Consolidated Results for the Nine Months Ended September 30, 2026 (From January 1, 2026 to September 30, 2026) (1) Consolidated Operating Results (Percentages indicate year-on-year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent For the nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % September 30, 2026 167,949 14.2 21,631 10.6 26,489 13.0 18,545 2.5 September 30, 2025 147,025 0.6 19,556 22.8 23,441 29.1 18,097 63.6 Note: Comprehensive income Nine months ended September 30, 2026: ¥26,534 million [173.8%] Nine months ended September 30, 2025: ¥9,691 million [(21.9)%] Profit per share Fully diluted profit per share For the nine months ended Yen Yen September 30, 2026 76.53 76.51 September 30, 2025 72.73 72.72 Note: The Company conducted a stock split on January 1, 2026, in which each share of the Company’s common stock was split into two shares. Profit per share and fully diluted profit per share under consolidated operating results were calculated based on the number of shares issued after the stock split (excluding treasury stock). (2) Consolidated Financial Position Total assets Net assets Equity ratio As of Millions of yen Millions of yen % September 30, 2026 381,709 325,847 85.3 December 31, 2025 370,163 334,236 90.3 Reference: Shareholders’ equity As of September 30, 2026: ¥325,495 million As of December 31, 2025: ¥334,187 million 2. Dividends Dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Year-end Total Yen Yen Yen Yen Yen Fiscal 2025 ― 39.00 ― 67.00 106.00 Fiscal 2026 ― 35.00 ― Fiscal 2026 (forecast) 35.00 70.00 Note: Amendments to dividend forecast that has been disclosed recently: None Note: The Company conducted a stock split on January 1, 2026, in which each share of the Company’s common stock was split into two shares. Dividends for fiscal 2025 are the dividend amounts before the stock split.
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3. Consolidated Results Forecasts for the Fiscal Year (From January 1 to December 31, 2026) (Percentages indicate year-on-year changes) Net sales Operating income Ordinary income Profit attributable to owners of parent Profit per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 225,000 12.3 26,500 4.1 31,300 (10.8) 22,200 (15.5) 92.35 Note: Amendments to results forecasts that have been disclosed recently: No Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 17 companies (Company name) MASDAC Co., Ltd. and 16 other companies Excluded: 2 companies (Company name) Mabuchi Taiwan Co., Ltd. and 1 other company Note: For details, please refer to “2. Consolidated Financial Statements and Primarily Notes (3) Notes to Consolidated Financial Statements (Changes in the scope of consolidation or equity method)” on page 8. (2) Application of accounting procedures specific to preparation of quarterly consolidated financial statements: Yes Note: For details, please refer to “2. Consolidated Financial Statements and Primarily Notes (3) Notes to Consolidated Financial Statements (Application of Accounting Procedures Specific to Preparation of Consolidated Financial Statements)” on page 8. (3) Changes in accounting policies, changes in accounting estimates, restatements: 1) Changes in accounting policies resulting from revision of accounting standards, etc.: None 2) Changes in accounting policies due to reasons other than those stated in 1): None 3) Changes in accounting estimates: None 4) Restatements: None (4) Number of shares issued (common stock) 1) Number of shares issued at the end of the period (including treasury stock) September. 30, 2026 260,649,848 Dec. 31, 2025 260,649,848 2) Number of shares of treasury stock at the end of the period September. 30, 2026 26,453,014 Dec. 31, 2025 15,016,494 3) Average number of shares during the period Jan.–Sep. 2026 242,339,962 Jan.–Sep. 2025 248,841,200 Note: The Company conducted a stock split on January 1, 2026, in which each share of the Company’s common stock was split into two shares. The number of shares issued at the end of the period, number of shares of treasury stock at the end of the period, and average number of shares during the period were calculated as if the stock split had taken place at the beginning of the fiscal year ended December 31, 2025. * The review procedure by a Certified Public Accountant or an auditing firm does not apply these Consolidated Financial Results. * Explanation related to appropriate use of results forecasts and other items warranting special mention The above forecasts are based on the information available as of the date of the release of this document. As a result, a variety of factors in the future may cause actual results to differ from these forecasts.
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- 1 - 1. Qualitative Information (1) Operating Results During the nine months ended September 30, 2026 (January 1–September 30, 2026), the global economy showed only sluggish overall growth, with solid growth in certain areas from increased AI-related investment being largely offset by factors including geopolitical risk and trade policies. The U.S. economy was solid against a backdrop of a continued gradual rebound in retail consumption, as well as growth in corporate earnings and robust capital investment on higher AI -related demand. The European economy was underpinned by retail consumption and government spending, but momentum was depressed by factors including a rise in energy prices and resurging inflation. Although the Chinese economy was supported by increased exports, the pace o f growth remained slow from a continued sluggish real estate market and weak domestic demand. In Japan, while some effects were seen from labor shortages and higher energy prices associated with increased tensions in the Middle East, the economy remained solid overall from growth in demand from capital investment, primarily AI-related, combined with a pickup in retail consumption against the backdrop of an improved environment for incomes. With regard to markets related to the Mabuchi Group’s products, the automotive products market was solid overall, despite the effect of weak automobile sales in certain regions. The life and industrial products market was solid overall as retail consumption rebounded. The Mabuchi Group is expanding its business domains to transform itself into a company that offers “motion” solutions that go beyond simple rotation, based on the new e -MOTO business concept. This has included the expansion of the business related to equipment and parts through the acquisition of MASDAC Co., Ltd., and a corresponding revision of the segments for managing business performance. Within the market related to equipment and parts, the market for food producing machines saw solid demand for labor savings and automation equipment, to increase productivity in response to rising manufacturing costs in the Japanese food market. As a result, consolidated net sales for the period under review were 167,949 million yen (up 14.2% year on year). Operating income was 21,631 million yen (up 10.6% year on year), with positive effects from factors including improvements in selling prices and the product mix, and a weaker yen year on year , more than offsetting negative factors including higher costs. Ordinary income was 26,489 million yen (up 13.0% year on year), driven by an increase in operating income. Profit before income taxes was 26,390 million yen (up 11.2% year on year) and profit attributable to owners of parent was 18,545 million yen (up 2.5% year on year). The next section describes sales trends by business. 1. Motor business 1-1. Automotive Products Market Net sales rose to 122,875 million yen (up 9.1% year on year). Sales of medium-sized automotive motors showed growth overall, with a boost from the effect of the weaker yen in addition to a large increase in orders for motors for power seats, power windows, and valve actuators, and despite lower sales of motors for electric parking brakes. Sales of small automotive motors grew as well, on higher sales of motors for door mirrors, door lock actuators and air conditioning damper actuators and the effect of the weaker yen. 1-2. Life and Industrial Products Market Net sales rose to 35,151 million yen (up 11.9% year on year). The effects of the addition to the scope of consolidation through a corporate acquisition and of the weaker yen resulted in overall growth. 2. Equipment, parts and other business Net sales totaled 9,909 million yen (up 243.1% year on year). For comparison purposes, the prior-year figures have been reclassified to conform to the current reporting segment classification. Food producing machines at MASDAC Co., Ltd., whose results have been consolidated since the third quarter of the current fiscal year, recorded deliveries of equipment aimed at labor savings. Parts-related business recorded solid sales of parts for office equipment and for robotic cleaning machines.
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- 2 - (2) Financial Position Total assets as of September 30, 2026, were 381,709 million yen, a 11,545 million yen increase from the end of the previous fiscal year. Major changes from the end of the previous fiscal year included increases of 12,172 million yen in inventories, 8,063 million yen in intangible assets, 7,538 million yen in property, plant and equipment, 7,465 million yen in investment securities, 3, 639 million yen in trade notes and accounts receivable, and 2,625 million yen in other current assets, and a 31,039 million yen decrease in cash and bank deposits. Total liabilities increased 19,934 million yen from the end of the previous fiscal year to 55,861 million yen. Major changes from the end of the previous fiscal year included increases of 5,413 million yen in short-term loans payable, 4,701 million yen in other current liabilities, 2,578 million yen in trade notes and accounts payable , 2,526 million yen in long -term loans payable , 1,828 million yen in deferred tax liabilities-non-current. Total net assets decreased 8,388 million yen from the end of the previous fiscal year to 325,847 million yen. Major changes from the end of the previous fiscal year included increase of 4,236 million yen in net unrealized holding gains or losses on securities , 3,812 million yen in f oreign currency translation adjustments, 2,096 million yen in retained earnings, and increases of 18,745 million yen in treasury stock, which is a negative net assets item. (3) Forward-Looking Statements Including Consolidated Results Forecast The pace of growth for the global economy is expected to slow slightly, from increasing inflationary pressures in various countries caused by higher energy prices, as well as a continued uncertain outlook associated with geopolitical risk. A trend of moderate growth is forecast for the U.S. economy, supported by AI-related capital investment despite slower growth in retail consumption by higher prices and interest rates. Weakness in the European economy is seen continuing for some time, with higher prices and monetary tightening depressing demand, protracted weak capital investment, and fiscal uncertainty in certain countries. The pace of growth in the Chinese economy is seen continuing to slow from the depressed real estate market and weak retail consumption. The Japanese economy is expected to maintain a moderate pace of recovery as investment demand in areas including digital transformation remains fundamentally strong and exports are underpinned by increased global AI-related demand. With regard to markets related to the Mabuchi Group’s products, in the automotive products market, global automobile production volume is expected to decline slightly from the previous fiscal year. Weak production is forecast for the United States, against a backdrop of decreased demand resulting from high interest rates and increases in automobile prices and fuel costs. Growth in European production is seen being sluggish, with the shift to electric vehicles stalling, intensified competition with manufacturers from outside the region, and higher energy costs. In China, although automobile exports have grown, the reduction of government subsidies for automobile replacement purchases is seen leading to weak growth in production volumes. Automobile production volume is expected to grow in other emerging market economies, however, and in India in particular. In the life and industrial products market, weak sales are forecast for motors for home appliances, power tools, housing equipment, and personal care products from a policy of emphasizing profitability, but solid sales of motors for health and medical devices are forecast against a backdrop of stable demand. In the market related to equipment and parts, the market for food producing machines is seen remaining solid on continued capital investment to increase production capacity and efficiency, and for labor savings and automation in response to labor shortages. The parts - related market is expected to grow on technological advances and new applications for robotic home electronics. Against this backdrop, our forecasts for consolidated results and dividends are unchanged, but in the event significant changes emerge in the operating environment going forward, we will review our forecasts as appropriate and promptly announce any revisions to those forecasts. Note: The above forecasts were made based on information that is available at the present moment. Actual results may differ from expectations owing to various future factors, the main ones of which are as follows: • Fluctuations in foreign exchange rates • Changes in economic conditions and demand trends in our business areas
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- 3 - • Rapid technological innovations, such as new technologies or new products • Fluctuations in market prices of copper, steel materials, rare earths, and other raw materials Note, however, that the factors that could affect our results are not limited to the above.
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- 4 - 2. Consolidated Financial Statements and Primary Notes (1) Consolidated Balance Sheets (Millions of yen) As of December 31, 2025 As of September 30, 2026 Assets Current assets Cash and bank deposits 143,405 112,365 Trade notes and accounts receivable 38,726 42,365 Merchandise and finished goods 35,679 40,786 Work in process 1,560 3,361 Raw materials and supplies 20,560 25,825 Other current assets 7,876 10,502 Allowance for doubtful accounts (93) (98) Total current assets 247,715 235,108 Fixed assets Property, plant and equipment Buildings and structures 70,822 76,962 Accumulated depreciation (44,086) (47,404) Buildings and structures, net 26,735 29,557 Machinery, equipment and vehicles 132,062 142,472 Accumulated depreciation (85,891) (95,026) Machinery, equipment and vehicles, net 46,171 47,445 Tools, furniture and fixture 31,419 34,477 Accumulated depreciation (26,507) (29,151) Tools, furniture and fixture, net 4,911 5,325 Land 7,479 10,593 Construction in progress 10,560 10,474 Total property, plant and equipment 95,859 103,397 Intangible assets Goodwill 3,867 12,053 Other intangible assets 2,940 2,818 Total intangible assets 6,808 14,871 Investments and other assets Investment securities 16,366 23,831 Deferred tax assets-non-current 868 1,226 Retirement benefit asset 348 421 Other investments and other assets 2,229 2,885 Allowance for doubtful accounts (31) (33) Total investments and other assets 19,780 28,332 Total fixed assets 122,448 146,601 Total assets 370,163 381,709
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- 5 - (Millions of yen) As of December 31, 2025 As of September 30, 2026 Liabilities Current liabilities Trade notes and accounts payable 10,363 12,941 Short-term loans payable 20 5,433 Current portion of long-term loans payable ― 297 Current portion of bonds payable ― 730 Accrued income taxes 2,859 2,254 Accrued bonuses due to employees 328 1,318 Accrued bonuses due to directors 321 229 Other current liabilities 14,419 19,120 Total current liabilities 28,311 42,324 Long-term liabilities Long-term loans payable 1,299 3,826 Bonds payable ― 815 Accrued benefits for stock payment 356 453 Liability for retirement benefits 1,150 1,594 Asset retirement obligations 26 26 Deferred tax liabilities-non-current 4,621 6,450 Other long-term liabilities-non-current 159 370 Total long-term liabilities 7,616 13,537 Total liabilities 35,927 55,861 Net assets Shareholders’ equity Common stock 20,704 20,704 Additional paid-in capital 20,419 20,440 Retained earnings 243,922 246,018 Treasury stock (16,768) (35,514) Total shareholders’ equity 268,278 251,649 Accumulated other comprehensive income Net unrealized holding gains or losses on securities 6,974 11,210 Foreign currency translation adjustments 57,889 61,702 Retirement benefits liability adjustments 1,045 933 Total accumulated other comprehensive income 65,909 73,845 Subscription rights to shares 48 48 Non-controlling Interests ― 303 Total net assets 334,236 325,847 Total liabilities and net assets 370,163 381,709
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- 6 - (2) Consolidated Statements of Income and Comprehensive Income (Consolidated Statements of Income) (Millions of yen) Nine Months Ended September 30, 2025 (January 1, 2025 to September 30, 2025) Nine Months Ended September 30, 2026 (January 1, 2026 to September 30, 2026) Net sales 147,025 167,949 Cost of sales 102,229 115,916 Gross profit 44,796 52,032 Selling, general and administrative expenses 25,239 30,401 Operating income 19,556 21,631 Non-operating income Interest income 1,825 1,407 Dividend income 253 321 Foreign exchange gains 441 767 Gain on sales of raw material scrap 1,463 2,182 Other 589 1,252 Total non-operating income 4,574 5,931 Non-operating expenses Stock-related expenses 167 178 Depreciation 172 283 Other 349 610 Total non-operating expenses 689 1,073 Ordinary income 23,441 26,489 Extraordinary income Gain on disposal of fixed assets 45 11 Gain on bargain purchase 781 ― Gain on sales of golf club membership ― 1 Gain on sales of investment securities ― 127 Gain on reversal of foreign currency translation adjustments resulting from liquidation of foreign subsidiaries ― 252 Total extraordinary income 826 393 Extraordinary loss Loss on disposal of fixed assets 232 172 Extraordinary retirement expenses 301 317 Loss on sales of golf club membership ― 3 Total extraordinary loss 534 492 Profit before income taxes 23,733 26,390 Income taxes 5,635 7,793 Profit 18,097 18,597 Profit attributable to non-controlling interests ― 51 Profit attributable to owners of parent 18,097 18,545
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- 7 - (Consolidated Statements of Comprehensive Income) (Millions of yen) Nine Months Ended September 30, 2025 (January 1, 2025 to September 30, 2025) Nine Months Ended September 30, 2026 (January 1, 2026 to September 30, 2026) Profit 18,097 18,597 Other comprehensive income Net unrealized holding gains or losses on securities 1,787 4,236 Foreign currency translation adjustments (10,173) 3,812 Retirement benefits liability adjustments (19) (112) Total other comprehensive income (8,405) 7,936 Comprehensive income 9,691 26,534 Comprehensive income attributable to Comprehensive income attributable to owners of parent 9,691 26,469 Comprehensive income attributable to non-controlling interests ― 64
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- 8 - (3) Notes to Consolidated Financial Statements (Notes to Going-Concern Assumptions) None (Notes to Significant Changes in Shareholders’ Equity) (Purchase of treasury stock) The Company purchased 11,680,400 shares of treasury stock (total amount of purchase cost: 18,999 million yen) pursuant to a resolution at a meeting of the Board of Directors held on August 14, 2025. As a result, treasury stock at the end of the third quarter of the current fiscal year was 35,514 million yen. (Changes in Major Subsidiaries during the Period) (Changes in the scope of consolidation or equity method) During the first quarter of the current fiscal year, the Company acquired all shares of Nippon Pulse Motor Co., Ltd. (now Mabuchi Motor NPM Co., Ltd.) and added it to the scope of consolidation along with its subsidiaries NPM High Technologies Co., Ltd. (now Mabuchi Motor NPM High-Tech Co., Ltd.), NPM America, Inc. (now Mabuchi Motor NPM America Corp.), Nippon Pulse Hong Kong Ltd., (now Mabuchi Motor NPM Hong Kong Co., Ltd.), Nippon Pulse Shanghai Co., Ltd. (now Mabuchi Motor NPM Shanghai Co., Ltd.), Nippon Pulse Asia Trading Ltd. (now Mabuchi Motor NPM Trading Co., Ltd.), NPM Korea Co., Ltd. (now Mabuchi Motor NPM Korea Co., Ltd.), Pulse Electronics (Dongguan) Co., Ltd., (now Mabuchi Motor NPM Dongguan Co., Ltd.), Nippon Pulse Tec Philippines Inc., GMC Hillstone Co., Ltd., Intelligent Shaft Motor (Dalian) Co., Ltd., Mogami Tomisawa International Trade (Dalian) Co., Ltd., and NAKA TSU MFG. Co., Ltd. During the second quarter of the current fiscal year, non -consolidated subsidiary MABUCHI KOSAN CO., LTD. (now Mabuchi Motor Business Service Co., Ltd.) was added to the scope of consolidation in light of its increased importance. During the second quarter of the current fiscal year, the Company acquired all shares of MASDAC Co., Ltd. and added it to the scope of consolidation along with its subsidiaries MASDAC SALES (SHANGHAI) COMPANY LIMITED and MASDAC SOUTH EAST ASIA Co., Ltd. During the second quarter of the current fiscal year, Mabuchi Motor Singapore P rivate Ltd., which had been a consolidated subsidiary, was excluded from the scope of consolidation due to the completion of its liquidation. During the third quarter of the current fiscal year, Mabuchi Taiwan Co., Ltd., which had been a consolidated subsidiary, was excluded from the scope of consolidation due to a merger by absorption with Mabuchi Motor Taiwan Co., Ltd. (Significant changes in the scope of application of the equity method) During the first quarter of the current fiscal year, the Company acquired shares of KSJ Co., Ltd., and accordingly included the company in the scope of application of the equity method. (Application of Accounting Procedures Specific to Preparation of Consolidated Financial Statements) (Calculation of tax expense) The Company calculates tax expense by rationally estimating its effective tax rate after application of deferred -tax accounting to profit before income taxes for the fiscal year that includes the third quarter under review and multiplying quarterly profit before income taxes by estimated effective tax rate. (Notes to Consolidated Cash Flow Statement) Consolidated statements of cash flows have not been prepared for the nine months ended September 30, 2026. The following is a breakdown of depreciation (including amortization of intangible assets, excluding goodwill) and amortization of goodwill for the nine months ended September 30, 2026. (Millions of yen) Nine Months Ended September 30, 2025 (January 1, 2025 to September 30, 2025) Nine Months Ended September 30, 2026 (January 1, 2026 to September 30, 2026) Depreciation 9,913 11,377 Amortization of Goodwill 294 580 (Notes to Changes in Accounting Policies) None
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- 9 - (Notes to Segment Information, etc.) [Segment Information] Nine Months Ended September 30, 2025 (From January 1, 2025 to September 30, 2025) 1. Information concerning net sales and income (loss) and revenue breakdown by reporting segment (Millions of yen) Reporting Segment Adjustment (Note 1) Total reported in consolidated statements of income (Note 2) Motor business Equipment, parts, and other business Total Japan Asia North and Latin America Europe Total Net sales Automotive products market 15,057 47,236 25,344 25,035 112,673 — 112,673 — 112,673 Life and industrial products market 2,229 18,489 1,490 9,208 31,418 — 31,418 — 31,418 Others 35 7 — 1 44 2,888 2,933 — 2,933 Revenue from contracts with customers 17,323 65,733 26,834 34,244 144,136 2,888 147,025 — 147,025 Other revenue — — — — — — — — — Sales to external customers 17,323 65,733 26,834 34,244 144,136 2,888 147,025 — 147,025 Intersegment sales and transfers 72,193 66,222 1,217 196 139,830 — 139,830 (139,830) — Total 89,516 131,956 28,052 34,441 283,967 2,888 286,855 (139,830) 147,025 Segment income (loss) 7,762 11,107 726 (285) 19,311 276 19,587 (30) 19,556 Notes: 1. Segment income (loss) adjustment represents intersegment transaction eliminations. 2. Segment income (loss) is adjusted for operating income reported in the consolidated statements of income. 2. Information concerning impairment loss on fixed assets and goodwill by reporting segment (Significant changes in the amount of goodwill) During the nine months ended September 30, 2025, the Company acquired all shares of OB Kogyo Ltd. (now Mabuchi OB Gear System Co., Ltd.) and included it in the scope of consolidation, creating a gain on bargain purchase in the amount of 342 million yen in the “Japan” segment and 405 million yen in the “Asia” segment. However, following a review of management classifications, these amounts have been reclassified from the “Japan” and “Asia” segments to the “Equipment, Parts and other Business” segment. Also, the Company acquired all shares of Oki ME Co., Ltd. (a company newly established by OKI Micro Engineering Co., Ltd. to succeed a portion of the business), and included it (currently MABUCHI MOTOR MICRO TECH CO., LTD.) in the scope of consolidation, creating a gain on bargain purchase in the amount of 32 million yen in the “Japan” segment. The amount of the gain on bargain purchase was tentatively calculated as the allocation of the acquisition cost had not been completed as of the end of the third quarter of the previous fiscal year. Furthermore, because the gain on bargain purchase is recorded as extraordinary income, this amount is not included in the segment income shown above.
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- 10 - Nine Months Ended September 30, 2026 (from January 1, 2026 to September 30, 2026) 1. Information concerning net sales and income (loss) and revenue breakdown by reporting segment (Millions of yen) Reporting Segment Adjustment (Note 1) Total reported in consolidated statements of income (Note 2) Motors business Equipment, parts, and other business Total Japan Asia North and Latin America Europe Total Net sales Automotive products market 17,359 48,902 28,958 27,654 122,875 — 122,875 — 122,875 Life and industrial products market 5,274 19,224 1,411 9,241 35,151 — 35,151 — 35,151 Others 6 0 — 5 12 9,909 9,921 — 9,921 Revenue from contracts with customers 22,640 68,127 30,370 36,902 158,039 9,909 167,949 — 167,949 Other revenue — — — — — — — — — Sales to external customers 22,640 68,127 30,370 36,902 158,039 9,909 167,949 — 167,949 Intersegment sales and transfers 74,621 75,613 9 198 150,443 3 150,446 (150,446) — Total 97,261 143,740 30,379 37,101 308,483 9,912 318,395 (150,446) 167,949 Segment income (loss) 5,279 13,390 670 905 20,246 1,007 21,254 377 21,631 Notes: 1. Segment income (loss) adjustment represents intersegment transaction eliminations. 2. Segment income (loss) is adjusted for operating income reported in the consolidated statements of income. 2. Matters concerning changes in reporting segments The Mabuchi Group’s reporting segments were previously categorized by geographic region for the motor business . However, effective from the third quarter of the current fiscal year, the reporting segments have been changed to the motor business broken down by geographic region and the equipment, parts, and other business. Year-earlier results have also been reclassified to conform with the new reporting segments. The Mabuchi Group is expanding its business domains to transform itself into a company that offers “motion” solutions that go beyond simple rotation, based on the e-MOTO business concept. As part of this initiative, the segments used for managing business performance have been revised, as the acquisition of MASDAC Co., Ltd. led to the expansion of our Equipment, parts, and other business. As a result, the business related to equipment and parts, which was previously included in the geographic segments of the motors business, is now presented as a new “equipment, parts, and other business” segment. In conjunction with this change, goodwill arising from the acquisition of MASDAC Co., Ltd. in the second quarter of the current fiscal year, which was allocated to the “Japan” segment, has been reclassified to the “equipment, parts, and other business” segment. 3. Information concerning impairment loss on fixed assets and goodwill by reporting segment (Significant changes in the amount of goodwill) During the nine months ended September 30, 2026, the Company acquired all shares of Mabuchi Motor NPM Co., Ltd. and included it in the scope of consolidation, resulting in goodwill of 944 million yen in the “Japan” segment. Also, during the second quarter of the current fiscal year, the Company acquired all shares of MASDAC Co., Ltd. and included it in the scope of consolidation, resulting in goodwill of 7,995 million yen in the “equipment, parts, and other business” segment. In addition, after reviewing the allocation of the acquisition cost based on reasonable information available during the third quarter of the current fiscal year, the amount of goodwill was increased by 198 million yen. The amount of goodwill was tentatively calculated as the allocation of the acquisition cost had not been completed as of the end of the third quarter of the current fiscal year.
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- 11 - (Revenue Recognition) Information that breaks down revenue from contracts with customers is stated in the “Notes (Notes to Segment Information, etc.)” section. (Significant Subsequent Events) None