Mirait Holdings Corporation (1417) AI Stock Analysis

• Market Cap: ¥331.73B
• Dividend Yield: 2.28%
• Average Volume (3M): 267.82K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 0.84
• Revenue Growth: 6.50%
• EPS Growth: 53.04%
• Country: JP
• Employees: 16,985
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 72.84
• 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): 255.43
• Revenue Forecast (FY): ¥616.83B

• Rating: 76 Outperform
• Price Target: ¥4,517.00 ▲(28.87% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

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

Recurring maintenance revenue

Recurring maintenance and repair services provide a steady, contractable revenue stream that cushions project revenue volatility. Over a multi-month horizon this supports predictable cash inflows, improves backlog visibility, and underpins stable utilization of engineering resources.

Healthy balance sheet and moderate leverage

A moderate debt-to-equity ratio and near-50% equity ratio give financial flexibility to fund bidding and working capital for multi-month projects. This capital structure reduces refinancing risk, enables selective M&A or capex, and supports resilience through construction cycles.

Consistent revenue growth and stable margins

Sustained revenue growth with positive gross and EBITDA margins reflects repeatable project execution and operational controls. Over months this indicates stable demand capture and ability to cover fixed costs, supporting reinvestment and preserving competitive delivery capabilities.

Negative Factors

Declining free cash flow growth

A decline in free cash flow growth signals weaker cash conversion after capex and may constrain dividend capacity, debt repayment, or funding for working capital. Over a medium horizon this can limit strategic flexibility and increase reliance on external financing for growth.

Low net profit margin

A sub-3% net margin leaves limited buffer against cost overruns, project delays, or input inflation typical in construction. Structurally low profitability reduces retained earnings for reinvestment and makes earnings more sensitive to any downward pressure on contract pricing.

Revenue cyclicality tied to carrier capex

Heavy reliance on telecom carriers' network expansion and upgrade cycles makes revenue and backlog sensitive to industry capex swings. Even with maintenance work, core project-based revenues can fluctuate materially across multi-month cycles, impacting planning and utilization.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
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: Negative

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 3949.25, below the 50-day MA of 3770.16, and above the 200-day MA of 3046.48, indicating a bullish trend. The MACD of 57.93 indicates Positive momentum. The RSI at 57.14 is Neutral, neither overbought nor oversold. The STOCH value of 80.66 is Negative, 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
1417	76 Outperform	¥331.73B	16.03	8.12%	2.28%	6.50%	53.04%
1941	76 Outperform	¥282.69B	16.21	9.20%	2.78%	1.31%	59.20%
1721	74 Outperform	¥656.97B	20.38	8.34%	2.66%	5.14%	12.52%
1959	74 Outperform	¥737.86B	22.29	―	2.15%	-5.20%	-1.20%
1942	72 Outperform	¥1.41T	25.17	14.15%	2.00%	16.43%	53.76%
1951	70 Outperform	¥587.38B	17.68	―	2.51%	15.47%	64.50%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Mirait Holdings Corporation Corporate Events

Mirait One Lifts Revenue and Profit to Record Highs, Tracks Ahead of Full-Year Plan

Mirait One Corporation reported record-high orders received and net sales for the nine months ended December 31, 2025, driven mainly by its ICT solution business and NTT-related operations. Orders rose by ¥31.4 billion year on year and the construction account carried forward expanded by ¥66.7 billion, highlighting robust demand and a strong project pipeline.

Profitability also improved, with gross profit margin up 1.0 percentage point to 14.7% and operating income increasing by ¥5.4 billion to ¥17.5 billion, lifting key earnings metrics including EBITDA, ordinary income and profit attributable to owners. Management indicated that performance is progressing steadily and that the company is firmly on track to achieve its full-year forecast, underscoring solid operational execution and earnings visibility for stakeholders.

The most recent analyst rating on (JP:1417) stock is a Buy with a Yen4768.00 price target. To see the full list of analyst forecasts on Mirait Holdings Corporation stock, see the JP:1417 Stock Forecast page.

MIRAIT ONE Posts Sharp Profit Surge on Higher Margins for Nine-Month Period

MIRAIT ONE Corporation reported steady top-line growth and sharply higher profitability for the nine months ended December 31, 2025, underscoring a solid operating recovery. Net sales rose 3.8% year on year to ¥412.1 billion, while operating profit surged 44.2% to ¥17.5 billion and ordinary profit climbed 53.4% to ¥19.0 billion, driven by improved margins.

Profit attributable to owners of parent nearly doubled, jumping 95.1% to ¥11.1 billion, lifting earnings per share to ¥124.67. The company’s financial position also strengthened, with total assets reaching ¥540.1 billion and net assets at ¥272.0 billion, resulting in an equity ratio of 48.7%, signaling a firmer balance sheet for shareholders and creditors.

The most recent analyst rating on (JP:1417) stock is a Buy with a Yen4768.00 price target. To see the full list of analyst forecasts on Mirait Holdings Corporation stock, see the JP:1417 Stock Forecast page.

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.