Miroku Corporation (7983) Stock Price

Miroku is a pure holding company that oversees a corporate group with hunting rifle manufacturing and machine tool manufacturing as its core businesses. Since its founding, the Miroku Group has built its operations on precision machining technology, focusing on the manufacture and sale of hunting rifles and industrial deep-hole drilling machines. In recent years, the company has diversified its business portfolio by entering the cloud services sector.

The company's revenue structure is supported by two main pillars: the traditional hunting rifle business and the machine tool business. The hunting rifle business leverages accumulated manufacturing expertise to deliver high-quality products, while the machine tool business serves a broad range of industrial customers through the manufacture and sale of specialized deep-hole drilling machines. These operations provide a stable revenue foundation.

The Miroku Group comprises four primary business segments. In the hunting rifle business, Miroku Manufacturing Co., Ltd., Nankoku Miroku Co., Ltd., and Miroku Kogei Co., Ltd. handle manufacturing and sales. In the machine tool business, Miroku Machine Co., Ltd. and MIROKU MACHINE TOOL in the United States operate the division. Additionally, Miroku Create Co., Ltd. develops and sells cloud services, while other operations include the sale of automotive steering wheels and woodcraft products.

Miroku Group aims to realize its long-term vision of "building a solid management foundation by leveraging the strengths of its three core businesses and creating new business opportunities" under its 2026 Medium-Term Management Plan. The company projects consolidated revenue of 12.2 billion yen for the next fiscal period and plans to drive productivity improvements and establish manufacturing systems through synergies created by active collaboration across business divisions. The company plans to bring the Nisshinshin New Factory into full operation in February 2026, establishing the foundation for medium to long-term production capacity expansion.

In priority investment areas, the company positions the machining division of its machine tool business as the growth engine. Leveraging its strength as one of the few comprehensive gun drill manufacturers in the niche deep-hole drilling market, the company will pursue a strategy to capture growing demand in the semiconductor and flat-panel display markets. In the firearms business, under a close partnership with the global Browning Group, the company will acquire new customers through full model changes of two flagship products and the addition of derivative models. The company will also introduce new products to the market.

For new market development, the company is expanding sales of equipment maintenance efficiency systems through its cloud solutions business, with new customer acquisition as the primary goal and strengthened sales activities. In automotive-related business, the company is responding to the major transformation of "vehicle electrification" by developing new technologies and manufacturing methods based on its core decorative steering wheel business, while pursuing new challenges with an eye toward business expansion into products beyond steering wheels.

Regarding technological innovation, the company is focusing on process automation and robotization through labor reduction, as well as productivity improvements through IT and IoT utilization. The company is also advancing the establishment of stable production technology for bamboo fiber composite material "BAMBOO+®," and promoting overall optimization of production systems through factory reconstruction and business continuity planning measures. To build a sustainable corporate foundation, the company aims to improve price competitiveness through workforce development initiatives for multi-skilled workers and cost reduction activities including working capital optimization.