This is to announce the results of the buyback of own shares from the stock market in accordance with the provision of Article 210 of the Commercial Code as follows:

1. Type of shares bought back : Common stock of MABUCHI MOTOR
2. Buyback period : From December 4, 2003 to December 22, 2003
3. Number of shares bought back : 456,100 shares
4. Total buyback amount : 3,721,728,000 yen
5. Buyback method : Buyback from the stock market in Tokyo Stock Exchange

Reference information

1. Resolution for the buyback agreed in the FY2002 Ordinary General Shareholders' Meeting held on March 28, 2003 :
   • Type of shares to be bought back : Common stock of MABUCHI MOTOR
   • Maximum number of shares to be bought back : 2,000,000 shares
   • Maximum total buyback amount : 25,000,000,000 yen
2. Progress of the buyback as of December 22, 2003 :
   • Number of shares bought back : 1,964,600 shares
   • Total buyback amount : 16,166,853,000 yen