Miroku Corporation

The Group consists of the Company and its affiliated companies and has a mission to provide high-quality products and services worldwide. During the interim consolidated accounting period, there were no material changes in the nature of the business, and there were no changes in the principal affiliated companies. The business is conducted through four main segments: the Hunting Firearms Business, Machine Tools Business, Cloud Solutions Business and Other Businesses. By region, the Group operates in the United States, Europe, Australia, New Zealand, Japan and other regions. By segment, the Hunting Firearms Business experienced fluctuations in the order environment, with the Browning Group as its principal customer. Although orders in the Machine Tools Business remained steady, the business was affected compared with the previous fiscal year. The Cloud Solutions Business continued its customer acquisition activities, resulting in higher sales. On a consolidated basis for the six months, net sales were ¥6,204,878 thousand, down 1.6% year on year; operating income was ¥107,461 thousand; ordinary income was ¥209,016 thousand; and interim net income attributable to owners of the parent was ¥205,157 thousand. By segment, net sales in the Hunting Firearms Business were ¥5,096,374 thousand, down 4.2% year on year, and segment income was ¥125,121 thousand, down 35.4%. Net sales in the Machine Tools Business were ¥1,082,969 thousand, down 3.7%, and segment income was ¥99,125 thousand, up 34.8%. Net sales in the Cloud Solutions Business were ¥13,906 thousand, up 111.8%, and the segment loss was ¥10,649 thousand, compared with a loss of ¥23,963 thousand in the same period of the previous year. Net sales in Other Businesses were ¥22,402 thousand, down 4.2%, and segment income was ¥11,795 thousand, up 38.6%. Cash and cash equivalents were ¥1,679,643 thousand at the end of the interim period. Cash and deposits were ¥1,679,643 thousand, notes and accounts receivable were ¥2,317,929 thousand, inventories were ¥6,453,284 thousand, investment securities were ¥5,184,014 thousand, liabilities including borrowings were ¥11,781,516 thousand, and net assets were ¥11,509,386 thousand. There were also special matters, including changes to the fiscal year-end of equity-method affiliates.