Mirait Holdings Corporation (1417) AI Stock Analysis

• Market Cap: ¥307.74B
• Dividend Yield: 2.28%
• Average Volume (3M): 267.82K
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.79
• Revenue Growth: 6.50%
• EPS Growth: 53.04%
• Country: JP
• Employees: 16,985
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 66.47
• Shares Outstanding: 91,325,330
• 10 Day Avg. Volume: 317,270
• 30 Day Avg. Volume: 267,816
• PEG Ratio: 0.27
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 15.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥4,190.00 ▲(19.54% Upside)

Mirait Holdings Corporation is well-positioned with strong financial performance and robust technical indicators. The stock's valuation is reasonable, supported by a solid dividend yield. While cash flow management requires attention, the overall outlook remains positive, driven by strong market momentum and stable financial health.

Positive Factors

Sustained Revenue Growth

An 11.6% year-over-year revenue increase indicates durable demand for the company’s telecom engineering and construction services. Sustained top-line growth supports scale advantages, better utilization of skilled crews, and a deeper backlog that can stabilize earnings over the next 2–6 months.

Balanced Capital Structure

Moderate leverage and a ~49% equity ratio provide financial flexibility to bid on large projects and fund capex without excessive refinancing risk. This balanced capital structure helps preserve investment-grade-like stability and supports strategic investments or selective M&A over the medium term.

Strong Cash Generation vs Net Income

Operating cash flow that slightly exceeds net income signals quality of earnings and effective cash conversion from projects. Reliable OCF enhances the firm’s ability to fund working capital cycles, maintenance capex, and dividends, strengthening operational resilience over coming months.

Negative Factors

Declining Free Cash Flow Growth

A decline in free cash flow growth and an FCF/net income ratio below 1.0 indicate rising capex or working capital absorption. Persisting FCF weakness could constrain capacity to reinvest, reduce discretionary returns, and limit bid competitiveness in capital-intensive projects over the medium term.

Low Net Profit Margins

Thin net margins near 3% and modest operating margins reflect the low-margin nature of telecom construction work. Such margins leave limited buffer against input-cost inflation, labor shortages, or contract overruns, increasing earnings volatility and sensitivity to project execution risks.

Revenue Reliant on Project-Based Contracts

Heavy dependence on one-off contracts and telecom carrier capex cycles makes revenue timing lumpy and backlog sensitive to customer spend. This structural revenue concentration reduces recurring revenue predictability and can create cash-flow and utilization swings across 2–6 month horizons.

Mirait Holdings Corporation Business Overview & Revenue Model

Company Description

MIRAIT ONE Corporation engages in the telecommunications engineering, electrical, civil engineering, and construction works in Japan. It is involved in the various activities, including cloud computing, smart office solution, and Wi-Fi solution engineering services; LAN/WAN/Wi-Fi construction activities; system design, application development, etc.; on-site maintenance, remote monitoring service, etc.; and PBX/IP-PBX construction activities. The company also undertakes construction of facilities for environmental conservation and alternative energy; power supply and air-conditioning facilities; and social infrastructure facilities, as well as base station construction, indoor base station construction, and blind spot eliminating works. In addition, it undertakes fixed telecommunications networks construction and troubleshooting/post-disaster restoration works. MIRAIT ONE Corporation was incorporated in 2010 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Mirait Holdings generates revenue primarily through its telecommunications infrastructure services, which include the design, construction, and maintenance of mobile and fixed-line networks. The company earns money by contracting with telecommunications operators and service providers to build and upgrade their network capabilities. Key revenue streams include project-based contracts, maintenance fees, and ongoing service agreements. Additionally, Mirait may engage in partnerships with technology providers to offer integrated solutions, enhancing their service offerings and expanding their market reach. The demand for advanced communication technologies and the ongoing rollout of 5G networks are significant factors contributing to the company's earnings.

Mirait Holdings Corporation Financial Statement Overview

Summary

Mirait Holdings Corporation demonstrates strong revenue growth and profitability with good operational efficiency. The balance sheet reflects stability with moderate leverage and a strong equity base. However, cash flow metrics indicate potential concerns with declining free cash flow growth, which should be monitored closely.

Income Statement

Mirait Holdings Corporation shows a strong revenue growth trajectory with consistent increases over recent years. The gross profit margin in the most recent year is 14.66%, while net profit margin stands at 2.97%. EBIT and EBITDA margins are 4.84% and 7.32% respectively, indicating stable operational efficiency. The revenue growth rate from the previous year is 11.61%, reflecting healthy business expansion.

Balance Sheet

The balance sheet is robust with a debt-to-equity ratio of 0.49, indicating moderate leverage. Return on equity (ROE) is 6.57%, suggesting efficient use of equity to generate profits. The equity ratio is 48.63%, showing a balanced capital structure with a strong equity base. Overall, the company's financial position is stable with a good level of equity.

Cash Flow

Operating cash flow to net income ratio is 1.05, indicating strong cash generation relative to net income. However, there is a decline in free cash flow growth, which may be a concern for future cash availability. The free cash flow to net income ratio of 0.72 shows adequate cash retention after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	582.63B	578.60B	518.38B	483.99B	470.38B	463.74B
Gross Profit	85.39B	84.85B	61.78B	60.50B	66.22B	60.79B
EBITDA	43.16B	42.38B	30.96B	32.88B	44.92B	43.24B
Net Income	15.13B	17.18B	12.54B	14.78B	25.16B	24.20B
Balance Sheet
Total Assets	474.13B	537.74B	519.96B	436.75B	432.68B	358.75B
Cash, Cash Equivalents and Short-Term Investments	58.82B	53.48B	50.04B	32.48B	50.93B	44.76B
Total Debt	93.94B	127.49B	117.09B	61.11B	59.95B	10.13B
Total Liabilities	211.56B	267.86B	259.87B	182.45B	186.55B	127.43B
Stockholders Equity	254.32B	261.50B	251.98B	246.82B	242.12B	226.39B
Cash Flow
Free Cash Flow	0.00	12.36B	25.13B	-2.52B	2.03B	32.69B
Operating Cash Flow	0.00	18.05B	33.63B	5.32B	12.97B	41.60B
Investing Cash Flow	0.00	-9.37B	-55.55B	-12.31B	-46.20B	1.87B
Financing Cash Flow	0.00	-6.41B	38.82B	-12.57B	38.40B	-32.20B

Mirait Holdings Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3505.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1417, the sentiment is Positive. The current price of 3505 is below the 20-day moving average (MA) of 3722.90, below the 50-day MA of 3520.90, and above the 200-day MA of 2871.78, indicating a neutral trend. The MACD of 67.17 indicates Positive momentum. The RSI at 55.66 is Neutral, neither overbought nor oversold. The STOCH value of 45.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1417.

Mirait Holdings Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1980	81 Outperform	¥365.02B	14.07	―	2.58%	30.13%	101.75%
1946	77 Outperform	¥196.34B	12.14	―	3.09%	3.75%	87.00%
1417	76 Outperform	¥307.74B	16.28	8.12%	2.28%	6.50%	53.04%
1941	76 Outperform	¥242.27B	13.89	9.20%	2.78%	1.31%	59.20%
1939	76 Outperform	¥80.74B	14.97	―	4.38%	-0.84%	-1.80%
1949	74 Outperform	¥345.09B	19.93	12.41%	1.68%	8.09%	20.78%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mirait Holdings Corporation Corporate Events

MIRAIT ONE Expands Shareholder Benefits to Boost Long-Term Investor Engagement

MIRAIT ONE Corporation has announced an expansion of its shareholder benefits program aimed at increasing the appeal of its stock and encouraging longer-term shareholding. The revised scheme broadens the range of options available by adding two new types of electronic money (V Points and au PAY Gift Card) and extending eligibility for its “MIRAIT ONE rice” gift—premium Uonuma Koshihikari from Niigata Prefecture—to all shareholders who meet specified holding and application conditions. The company is also increasing the number of lottery winners for existing rice benefits, while maintaining QUO cards and donations to social contribution organizations such as the Special Olympics Nippon Foundation as selectable rewards. Applications will continue to be handled primarily via web with defined deadlines, underscoring the company’s drive to cater to varied shareholder preferences and strengthen engagement over the medium to long term.

The most recent analyst rating on (JP:1417) stock is a Buy with a Yen4320.00 price target. To see the full list of analyst forecasts on Mirait Holdings Corporation stock, see the JP:1417 Stock Forecast page.