Miroku forecasts significant loss, revises earnings, maintains dividend

Miroku Corporation announced on December 8, 2025, a revision to its consolidated earnings forecast for the fiscal year ending October 2025, projecting a net loss due to an impairment loss of JPY 2,512 million. This impairment stems from deteriorating profitability in its US firearms business, affected by tariff increases and rising raw material costs. The company revised its forecast to JPY -2,525 million in net income, a significant decrease from the previously forecasted JPY 180 million. The revised sales forecast is JPY 12,518 million, down from JPY 13,260 million.

The firearms business experienced lower sales and profits despite stable OEM orders, due to a lower proportion of high-value-added products and increased costs from a weaker yen impacting imported parts. The machine tools and cloud solutions segments also performed slightly below or near expectations.

Despite the revised earnings, Miroku Corporation confirmed its year-end dividend for October 31, 2025, at JPY 5.00 per share, maintaining a total annual dividend of JPY 10.00 per share, including the interim dividend. The total dividend amount of JPY 15 million is payable on January 29, 2026, from retained earnings.