I would like to express my sincere gratitude for your continued support of Mikuni Corporation. Guided by our corporate philosophy, “With a global perspective, Mikuni will contribute to the realization of a prosperous society by making full use of our human resources and technology,” the Mikuni Group is currently advancing its business activities in line with our long-term management vision, VISION 2033. Our goal is to be a company trusted by all stakeholders, including our shareholders, and one to which they can entrust their expectations with confidence.

Here, I would like to report on the Group’s business conditions and performance for the 104th fiscal period (interim consolidated accounting period from April 1, 2025 to September 30, 2025). During the first half of the fiscal year, we began full-scale development of our Comprehensive Product Plan, which constitutes the core of the medium- to long-term strategy for our mainstay Mobility Business. This company-wide initiative is designed to leverage our strengths and resources to their fullest extent, enabling us to continually generate distinctive value. Through this plan, we aim to establish a business model unique to Mikuni and further enhance our corporate value. Details of the Comprehensive Product Plan are also featured in our Integrated Report issued this October, and we hope you will take the opportunity to review it. We are also conducting a review of our four-year med-term management plan, which serves as the action plan for achieving VISION 2033. We plan to present the updated plan to our shareholders next year.

For the interim period under review, consolidated net sales amounted to 49.375 billion yen (a decrease of 1.8% year-on-year), consolidated operating income was 1.857 billion yen (an increase of 62.9%), consolidated ordinary income was 1.646 billion yen (an increase of 27.8%), and profit attributable to owners of the parent was 879 million yen (compared to 43 million yen in the previous interim period). All business segments, including our core Mobility Business, posted year-on-year profit growth, and progress was steady relative to our initial plan. Although economic conditions remain uncertain—such as concerns over rising prices and interest rate trends in Japan, and signs of slowing growth overseas due to weak domestic demand in China and tariff policies in the United States—we will continue to make every effort to achieve our business plan for the fiscal year.

As we create new value unique to Mikuni, preserve and strengthen the trust we have built while growing together with all stakeholders, and open the way to the future, we will continue to advance our business activities with determination. We sincerely ask for your continued understanding and support.

December 2025

Hisataka IKUTA
President, CEO & COO