Dependence on OEM orders from Browning
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: 2026-09-11.
Miroku moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2017: 4 of 15 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- 2026-09-11WorsenedEarnings
「Orders from the Browning Group, the most important customer for our products, remained sluggish year on year, partly due to the impact of the Trump tariffs.」
Orders from the Browning Group remained sluggish through the first 3 quarters amid the company’s continued dependence on the group. - FY2026-H1WorsenedAnnual report
「Orders from the Browning Group, the most important customer for our products, remained sluggish year on year, partly due to the impact of the Trump tariffs.」
While dependence on the Browning Group continues, orders from the most important customer were sluggish year on year due to the impact of the Trump tariffs and other factors. - 2026-03-13MaterialisedEarnings
「Orders from the Browning Group, the most important customer for our products, remained sluggish year on year, partly due to the impact of the Trump tariffs.」
Orders from the Browning Group declined year on year amid the company’s dependence on the group. - FY2024RestatedAnnual report
「In the hunting firearms business, more than 90% of sales are made to the Browning Group, and the business is heavily influenced by changes in market conditions resulting from overseas political and economic conditions, particularly in the United States and Europe, the group's primary sales regions.」
The company has reaffirmed its dependence structure, with more than 90% of sales made to the Browning Group, and the risk of being affected by trends in overseas markets, including the United States and Europe. - FY2024-Q2RestatedAnnual report
「Orders from the Browning Group, the OEM supplier of our products, remained firm.」
The company describes its dependence on the Browning Group as the OEM supplier for the hunting firearms business and states that orders from the group remained firm. - FY2023RestatedAnnual report
「In the hunting firearms business, more than 90% of sales are made to the Browning Group, and the business is heavily influenced by changes in market conditions resulting from political conditions overseas, particularly in the United States and Europe, the group's primary sales regions.」
The company has reaffirmed its dependence structure, with more than 90% of sales made to the Browning Group, and the risk of market fluctuations resulting from overseas political conditions. - FY2022RestatedAnnual report
「In the hunting firearms business, more than 90% of sales are made to the Browning Group, and the business is heavily influenced by changes in market conditions resulting from political conditions overseas, particularly in the United States and Europe, the group's primary sales regions.」
The company has reaffirmed its dependence structure, with more than 90% of sales made to the Browning Group, and the risk of market fluctuations resulting from political conditions in the United States and Europe. - FY2021RestatedAnnual report
「In the hunting firearms business, more than 90% of sales are made to the Browning Group, and the business is heavily influenced by changes in market conditions resulting from political conditions overseas, particularly in the United States and Europe, the group's primary sales regions.」
The company has reaffirmed its dependence structure, with more than 90% of sales made to the Browning Group, and the risk of market fluctuations resulting from overseas political conditions. - FY2020ReframedAnnual report
「In the hunting firearms business, more than 90% of sales are made to the Browning Group, and the business is heavily influenced by changes in market conditions resulting from political conditions overseas, particularly in the United States and Europe, the group's primary sales regions.」
Dependence on sales to the Browning Group was quantified at more than 90% of revenue, clarifying the relationship between political conditions and gun regulations in the United States and Europe and fluctuations in orders. - FY2018RestatedAnnual report
「Because most production is carried out on an OEM basis under orders from the Browning Group, a decline in the group's performance that reduces sales of shotguns and rifles could affect business performance.」
The company has reiterated its dependence on OEM orders from the Browning Group as a risk. - FY2016First statedAnnual report
「Because most production is conducted on an OEM basis for orders from Browning, a decline in Browning's performance that reduces sales of shotguns and rifles could affect business performance.」
The company identifies its reliance on OEM orders from Browning for most hunting-gun production as a business-performance risk.