We would like to express our sincere gratitude for your continued support of Mikuni Corporation.

With a global perspective, Mikuni will contribute to the realization of a prosperous society by making full use of our human resources and technology.

Guided by this corporate philosophy, the Mikuni Group is committed to solving customer challenges by leveraging the strengths of being an independent, mid-sized company. We aim to become a trusted and reliable company that all stakeholders—including shareholders, business partners, and local communities—can count on as “Mikuni will find a way to make it work.”

We are pleased to present the business results of our Group for the 103rd fiscal year (April 1, 2024 to March 31, 2025), and we hope you will take the time to review them.

This fiscal year marks the launch of our long-term vision, VISION 2033, which outlines our aspirations for the next ten years. Under the strategic pillars of “strengthening competitiveness” and “pursuing growth in areas where our unique characteristics can shine,” we are undertaking various initiatives to address the following key challenges:

1. Enhancing our value in the global market
2. Building a development and production system that can swiftly respond to change
3. Responding to rising costs
4. Promoting human capital management
5. Establishing a sound financial foundation
6. Achieving carbon neutrality by 2050

In particular, during this first year of VISION 2033, we began formulating a comprehensive product strategy based on our medium- to long-term technology, customer, and production/procurement strategies, aiming to enhance our value. In the mobility industry—our core business domain—adaptation to multi-pathways such as electrification of powertrains and diversification of energy sources is essential. Through leveraging our existing technologies and fostering partnerships, we aim to maximize our strengths over the long term and contribute to society while enhancing our value.

In the area of health and productivity management, which we consider the foundation of human capital management, our proactive efforts were recognized, and we were certified for the first time as a 2025 Certified Health & Productivity Management Organization (Large Enterprise Category – White 500) by the Ministry of Economy, Trade and Industry and the Nippon Kenko Kaigi. This marks our sixth consecutive year of certification as a Health & Productivity Management Organization.

For the consolidated results of this fiscal year:

●Net sales reached ¥101.428 billion (up 1.5% year-on-year)
●Operating profit was ¥3.031 billion (down 17.5%)
●Ordinary profit was ¥2.845 billion (down 10.0%)
●Net profit attributable to shareholders of the parent company was ¥1.995 billion (up 78.8%)

In our core mobility business, revenue and profit increased in India, but decreased in other regions including Japan. Particularly, weak demand in the power sports market (motorcycles, outboard motor products, etc.) led to a decline in profits. On the other hand, our trading and life & support businesses, which have shown strong earning power, continued to perform steadily.

We will continue to improve cash flow and vigorously promote the development of a system that can swiftly respond to change, as outlined in VISION 2033.

The Mikuni Group will continue to Create Preserve Open—creating new value unique to Mikuni, building and preserving trust-based relationships with all stakeholders including shareholders, and opening the future together through mutual growth.

We sincerely ask for your continued understanding and support.

June 2025

Hisataka IKUTA
President, CEO & COO