is a Japanese manufacturing company based in Matsudo, Chiba Prefecture, Japan. It is the world's largest manufacturer by volume of small electric motors, producing over 1.4 billion motors annually. The company employs 24,286 people in its production division, 755 in its administrative division, 583 in its R&D division, and 219 in its sales division.
Mabuchi Motor holds 70% of the market for motors used with automotive door mirrors, door locks, and air conditioning damper actuators.2008 annual report (p. 6), from the company's website. Retrieved November 7, 2009. Sales of power window lifter motors are on the rise. The company's ratio of consolidated markets is 64.3% automotive products and 35.7% consumer and industrial products. Applications for Mabuchi brushed DC electric motors and brushless electric motors include power drills, lawn mowers, vibrating cell phones and video game controllers, vibrators, vacuum cleaners, toy cars and planes, CD, DVD and Blu-ray players, digital cameras, computer printers, electric fans, electric razors, washing machines, electric tooth brushes, and blow dryers.
Corporate governance Mabuchi Motor's head office is located near Matsuhidai station on the Hokuso line linking Narita airport with downtown Tokyo. The company is managed by a board of directors which includes two outside directors. For the purpose of creating an environment for investors to invest more easily and for expanding liquidity and enlarging the investor base of the stock, Mabuchi Motor split each share of its common stock into two shares on January 1, 2015, with the number of shares outstanding rising from 37.875 million in 2014 to 70.927 million in 2015. NamePositionTakaichi MabuchiHonorary ChairmanShinji KameiChairman and representative directorTaniguchi ShinichiPresident & CEO.Tadashi TakahashiManaging executive officer, general manager of R&D and directorMasato ItokawaExecutive officer, general manager of Quality Assurance Dept. and directorTadahito IyodaExecutive officer, general manager of admin. headquarters and directorHirotaro KatayamaExecutive officer, general manager of operations control and directorIwao NakamuraOutside directorIchiro HashimotoOutside directorMasahiro GennakaAudit & supervisory board member (Full-time)Keiichi HoriiAudit & supervisory board member (outside)Nobutaka MotohashiAudit & supervisory board member (outside)Toru MasudaAudit & supervisory board member (outside)Tsuyoshi NakamuraGeneral manager of sales & marketingKazuyuki SomeyaPresident of Mabuchi Industry Co., Ltd. (Hong Kong subsidiary)Eiji UenishiDeputy general manager of research and developmentAkihiko KitahashiIn Charge of Taiwanese businessKatsuhiko KatayamaIn Charge of Chinese businessMakoto KimuraPresident of Mabuchi Industry Co., Ltd. (México subsidiary)Mario Díaz MárquezDeputy Director of Manufacturing of Mabuchi Industry Co., Ltd. (México subsidiary) Takaichi Mabuchi, the company's co-founder and honorary chairman since March 28, 2013, has also been president and chairman of Mabuchi Motor Co., Ltd.
Shinji Kamei, chairman of Mabuchi Motor Co. Ltd., since March 28, 2013, has been the chief executive officer and president at Mabuchi Motor Co. Ltd. Kamei also its representative director.
Hiroo Okoshi has been chief executive officer and president of Mabuchi Motor Co. Ltd. since March 28, 2013. Okoshi previously was an executive officer and general manager of administration headquarters and as general manager of Corporate Planning Department. He has been a director since March 2011.
Tadashi Takahashi has been a managing executive officer of Mabuchi Motor Co. Ltd. since March 27, 2015. Takahashi has also been general manager of Research & Development Headquarters since March 28, 2013, and he was executive officer from March 28, 2013, to March 27, 2015. Takahashi was general manager of Production Engineering Innovation Center of research and development Headquarters until March 28, 2013. He has been a director since March 28, 2013.
Masato Itokawa is general manager of Quality Assurance Department and executive officer. He has been a director since March 28, 2013.
Tadahito Iyoda has been a general manager of Administration Headquarters and executive officer since March 28, 2013. Iyoda previously was general manager of the Corporate Planning Department and was also president of Mabuchi Motor at its headquarters in Mexico.
Hirotarou Katayama has been general manager of operations control headquarters since July 2014 and is its executive officer. Katayama has been a director since March 27, 2015.
Iwao Nakamura has been an outside director of Mabuchi Motor Co. Ltd., since March 28, 2013 and of Nagase & Co. Ltd. since 2009. He previously was executive officer at Nagase & Co. Ltd. and president of Nissan Diesel Motor Co. Ltd. of Volvo AB from 2002 to May 11, 2007. Nakamura was president of Nissan Diesel at AB Volvo from 2002 to July 11, 2007. Nakamura also is a director of Nissan Diesel Motor Co. Ltd.
Ichiro Hashimoto has been an outside director of Mabuchi Motor Co., Ltd., since March 27, 2015. He also is the chief operating officer of Niigata Power Systems Co., Ltd. and once was its president. In April 1970, Hashimoto joined Ishikawajima Harima Heavy Industry Co., Ltd. (IHI) and has been its director since April, 2008. Hashimoto was an executive vice president of IHI Corporation since April 2010. Since July 1998, Hashimoto was head of Soma Works of Aero-Engine & Space Operations of IHI, and was its executive officer and president of Power System Operations, managing executive officer and president of Energy and Plants Operations since January 2008, managing executive officer and president of Energy and Plants Operations since April 2008. He was the senior executive officer, managing executive officer and executive officer of IHI Corporation. He was a director of IHI Corporation starting in April 2010. Since June 2012, he has been a corporate advisor of IHI.
Masahiro Gennaka is full-time statutory auditor.
Keiichi Horii is an outside statutory auditor. Horii has also been an auditor of Sanwa Soko Co. Ltd. since June 2011. He became a registered lawyer (Dai-ichi Tokyo Bar Association) in April 1979. He was a partner of Harada, Uchida, and Sugiyama Law Office (now Toranomon Minami Law Office) since January 1995.
Nobutaka Motohashi has been an outside statutory auditor of Mabuchi Motor Co., Ltd. since March 2012 and NAGAWA Co., Ltd. since June of that year. He has also been a representative at CPA Motohashi Nobutaka Office since July 2008. Motohashi w =as a representative partner at audit corporation Ernst & Young ShinNihon LLC (formerly, Eiko Accountants Office) since May 1976. He joined audit corporation Ernst & Young ShinNihon LLC (formerly Ike Shoichi Office) in June 1971. Motohashi was registered as a certified public accountant in March 1973. He withdrew from Ernst & Young ShinNihon LLC (formerly Shin-Nihon Audit Corporation) in June 2008.
Toru Masuda is an outside statutory auditor.
Tsuyoshi Nakamura is general manager of sales & marketing headquarters and executive officer. Nakamura formerly was deputy general manager of Sales & Marketing Headquarters starting on March 28, 2013. Nakamura was the general manager of Sales Department 3 of the Sales & Marketing Headquarters until March 28, 2013.
Kazuyuki Someya is president of Mabuchi Industry Co., Ltd. (Mabuchi's Hong Kong based subsidiary). Someya has also been the general manager of the Accounting and Finance, Dept., Administration Headquarters.
Eiji Uenishi is deputy general manager of research and development.
Akihiko Kitahashi is the executive in charge of Taiwanese business.
Katsuhiko Katayama is the executive In Charge of Chinese Business.
Financial results Year over year, Mabuchi Motor grew revenues from ¥108.4 billion JPY to ¥122.5 billion JPY. Moreover, the company has been able to reduce the percentage of sales devoted to cost of goods sold from 75.23% to 70.94%. This was a driver that led to a bottom line growth from ¥10.5 billion JPY to ¥18.1 billion JPY.
Net sales for fiscal year 2014 were ¥122.544 billion. Mabuchi forecasts sales of ¥141 billion for 2015. Gross profit for fiscal year 2014 was ¥35.614 billion. The company expects gross profit to rise to ¥42.7 billion by year-end 2015. China and Hong Kong comprised the largest regional market, at 34.8% of sales by region. This was followed by Asia Pacific at 24.7%, Europe at 20.3%, North and Latin America at 12.3% and Japan at 7.9%.
Capital expenditures for 2015 are expected to rise to ¥16.202 billion from ¥9.597 billion in 2014, in part due to the construction of new manufacturing facilities in Aguascalientes, Mexico. The factory is scheduled to begin production in 2016. R&D personnel will rise from 432 in 2014 to 464 in 2015, with R&D expenditures rising commensurately from ¥4.503 billion in 2014 to ¥5.27 billion in 2015. Total assets rose from ¥223.689 billion in June, 2014 to ¥259.129 billion in June, 2015, while inventories rose from ¥23.509 billion to ¥31.473 billion during the same period.
Mabuchi's basic dividend policy is to collect funds for research and development and capital investment, which are required for the company's growth and development, from internal reserves, to maintain financial soundness, and actively to carry out paying long-term stable dividends and returning Mabuchi's profits such as dividend increase and stock split according to performance. The ordinary dividend is annually ¥30 per share of common stock as a long-term stable dividend, plus a special dividend based on business results, which is calculated by dividing 30% of consolidated net income by the number of total stocks.
In 2012, the cash dividend per share was ¥50. The cash dividend forecast for 2015 is ¥105 per share. As of June, 2015, the composition of shareholders by category is 37.4% foreign companies, 22.5% individuals and others, 21.9% financial institutions, 15.3% domestic (Japanese) companies, 2.1% treasury stock and 0.9% financial instruments firms.
History
1930s-1940s As an elementary school student living in Takamatsu, Kagawa Prefecture in the 1930s, Kenichi Mabuchi, the son of a tin plate factory owner, enjoyed inventing things such as a homemade washing machine, bamboo toy guns, helicopters, and a model boat that ran on alcohol (and which exploded and burned him when he switched out the alcohol for gasoline). In junior high school, Kenichi won the 5th Shikoku Model Airplane Tournament, beating his adult competition by crafting the plane with the longest flight duration.
World War II Kenichi's brother, Takaichi, was ten years younger, and loved making things with his older brother. Takaichi entered a technical junior high school, but on the night of July 3, 1945, Takaichi's school was destroyed in the firebombing of Takamatsu by US B-29 warplanes.
In order to survive food shortages, their father sold the family's factory and put the brothers to work in the fields. But Kenichi soon quit working on the farm. He gathered his friends and scoured the burned ruins for metal and copper wire to use in making simple DC motors as educational tools for use in elementary schools. This "School Motor" sold well, and in 1946 Kenichi Mabuchi founded Kansai Rika Kenkyusho, a scientific research institute.
First postwar motor In the summer of 1947, after a company in Osaka copied the design of the school motor, Kenichi realized the value of patent applications, then went back to the drawing board and invented the world's first high performance, "horseshoe-shaped" magnetic DC motor. Takaichi turned 18, left the farm, and began working with Kenichi in sales.
1950s