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MIRAI Corporation ( (JP:3476) ) has issued an update.
MIRAI Corporation has executed new interest rate swap agreements to hedge interest rate volatility by effectively converting floating-rate portions of existing loans into fixed-rate obligations. The swaps, totaling 5.0 billion yen with SBI Shinsei Bank as counterparty, apply to loans from Sumitomo Mitsui Banking Corporation maturing in October 2029, setting effective fixed interest rates of approximately 2.18% and 2.18% on the respective borrowings. By locking in funding costs on these unsecured, unguaranteed loans, MIRAI aims to stabilize its interest expenses and preserve predictability in cash flows, with the company stating that the overall risk profile related to loan repayment remains unchanged from previously disclosed investment risk information.
The most recent analyst rating on (JP:3476) stock is a Buy with a Yen55888.00 price target. To see the full list of analyst forecasts on MIRAI Corporation stock, see the JP:3476 Stock Forecast page.
More about MIRAI Corporation
MIRAI Corporation is a Japanese real estate investment trust (REIT) managed by Mitsui Bussan & IDERA Partners Co., Ltd., focusing on real estate assets and related financing in Japan’s property market. The REIT raises funds through bank borrowings and uses financial instruments such as interest rate swaps to manage funding costs and interest rate risk associated with its loan portfolio.
Average Trading Volume: 4,941
Technical Sentiment Signal: Buy
Current Market Cap: Yen95.37B
For a thorough assessment of 3476 stock, go to TipRanks’ Stock Analysis page.