MIKUNI CORPORATION (7247) Stock Price

Market cap
¥13.7B
P/E ratio
8.4x
Mikuni Corporation manufactures fuel injection systems, gas control equipment, and aircraft components while also trading turf management machinery and other specialized products globally.

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Business Overview

Mikuni Corporation operates across diverse business segments, offering a wide range of products and services. The company's main business segments include Mobility, Gas Technology, Trading, and Other operations.

The Mobility segment manufactures and sells fuel injection-related components, pumps, auxiliary parts, carburetors, and vehicle heating equipment. Specific products include throttle bodies, oil pumps, and two-wheeler carburetors.

The Gas Technology segment handles gas control equipment, providing flame-out safety devices, solenoid valves, and gas flow control valves. These products support safe and efficient gas utilization.

The Trading segment deals in aircraft components and turf management machinery. The company imports and sells aerospace equipment and golf course turf mowers, addressing specialized market needs.

Other operations include humidifiers, welfare and care equipment, and real estate management. The company provides commercial air conditioning humidifiers, care and welfare devices, and wheelchairs, serving diverse markets.

Mikuni operates globally through subsidiaries and affiliated companies. This network enables the company to deliver region-specific products and services while strengthening its competitive position.

Management Policy

Mikuni Corporation is committed to sustainable growth under its corporate philosophy: "We contribute to building a prosperous society by taking a global perspective and leveraging people and technology." The brand message "Create, Protect, Open," established in October 2023, represents our commitment to social contribution. Based on this foundation, we have formulated our long-term vision "VISION 2033" and our medium-term management plan (fiscal 2024–2027) to enhance corporate value.

Under Mikuni's medium-term management plan, we target a consolidated EBITDA margin of 10% by fiscal 2027, with a goal of 13% or higher by fiscal 2033. We are responding to changes in the business environment, with particular focus on shifting demand in the mobility sector. Through these efforts, we are advancing initiatives toward realizing a sustainable society.

Mikuni is pursuing carbon neutrality by 2050 through energy conservation activities and increased use of renewable energy. We are also enhancing our presence in global markets by deploying technology strategies that address powertrain electrification and energy diversification. These efforts strengthen our competitiveness and enable us to pursue new growth opportunities.

Additionally, Mikuni is building development and production systems capable of responding quickly to change and addressing cost increases. To counter declining labor populations, we are promoting IT utilization and robot adoption to improve productivity of our existing workforce. We are also maintaining a sound financial foundation through cash flow improvement and strategic investments.

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