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Mabuchi Motor Co ( (JP:6592) ) has shared an update.
Mabuchi Motor Co., Ltd. announced the implementation of a voluntary retirement program called the ‘Next Career Support Program’ as part of its strategy under ‘The Management Plan 2030’. This initiative aims to support employees seeking new opportunities outside the company, while also transforming the organization to address management issues amid a slowing automotive market. The program targets employees aged 50 to 58, excluding managers and supervisors, and includes a premium on retirement allowance and reemployment support. The financial impact of this program will be recorded as an extraordinary loss in the fiscal year ending December 2025, with further announcements if significant impacts are recognized.
More about Mabuchi Motor Co
Mabuchi Motor Co., Ltd. operates in the motor industry, focusing on motor products and diverse ‘movement’ solutions to meet customer and societal needs. The company is working towards expanding its business, aiming for net sales of 300 billion yen by 2030, with a strong emphasis on the automotive market and exploring new business opportunities.
YTD Price Performance: -4.30%
Average Trading Volume: 421,975
Technical Sentiment Signal: Hold
Current Market Cap: Yen273.8B
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