Want to see JP:1417 full AI Analyst Report?
Top Page
Mirait Holdings Corporation
(1417)
Select Model
Select Model
Rating:70Neutral
Price Target:
¥3,793.00
▲(4.23% Upside)
Action:Downgraded
Date:05/14/26
The score is driven primarily by solid-but-mixed fundamentals: improving revenue and profitability are offset by higher leverage and volatile cash-flow conversion. Technicals are supportive with a strong uptrend and positive momentum, while valuation is reasonable with a moderate P/E and a ~2% dividend yield.
Positive Factors
Steady revenue growth
Consistent and accelerating top-line growth over the reporting period indicates sustained demand for Mirait's telecom construction and engineering services. This trend supports recurring project pipelines and gives management room to invest in scale and productivity improvements over the next 2–6 months.
Negative Factors
Rising leverage since 2023
Material increases in debt since 2023 reduce financial flexibility and raise interest and refinancing exposure. Elevated leverage limits the company's ability to absorb shocks or opportunistically invest, making longer-term growth and capital allocation more constrained if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent and accelerating top-line growth over the reporting period indicates sustained demand for Mirait's telecom construction and engineering services. This trend supports recurring project pipelines and gives management room to invest in scale and productivity improvements over the next 2–6 months.
Read all positive factors
Mirait Holdings Corporation (1417) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥289.07B
Dividend Yield2.44%
Average Volume (3M)267.82K
Price to Earnings (P/E)11.7
Beta (1Y)0.85
Revenue Growth4.87%
EPS Growth77.41%
CountryJP
Employees17,709
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)262.42
Shares Outstanding91,325,330
10 Day Avg. Volume317,270
30 Day Avg. Volume267,816
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.14
Price to Sales (P/S)0.53
P/FCF Ratio20.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)290.63
Revenue Forecast (FY)¥645.54B
Mirait Holdings Corporation Business Overview & Revenue Model
Company Description
MIRAIT ONE Corporation, established in 2010 and headquartered in Tokyo, Japan, is a prominent firm specializing in a broad range of engineering and construction activities across the country. Its core operations encompass telecommunications, elect...
How the Company Makes Money
Mirait Holdings makes money primarily by delivering contracted construction and engineering work through its subsidiaries. Revenue is recognized from project-based contracts and ongoing service arrangements tied to building, upgrading, and maintai...
Mirait Holdings Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 602.38B | 578.60B | 518.38B | 483.99B | 470.38B |
| Gross Profit | 93.01B | 81.06B | 59.13B | 58.00B | 64.30B |
| EBITDA | 51.86B | 42.38B | 30.96B | 32.88B | 44.92B |
| Net Income | 23.28B | 17.18B | 12.54B | 14.78B | 25.16B |
Balance Sheet | |||||
| Total Assets | 573.39B | 537.74B | 519.96B | 436.75B | 435.79B |
| Cash, Cash Equivalents and Short-Term Investments | 59.84B | 53.48B | 50.04B | 32.48B | 50.93B |
| Total Debt | 134.85B | 127.49B | 117.09B | 61.11B | 59.98B |
| Total Liabilities | 284.94B | 267.86B | 259.87B | 182.45B | 186.54B |
| Stockholders Equity | 279.44B | 261.50B | 251.98B | 246.82B | 242.12B |
Cash Flow | |||||
| Free Cash Flow | 15.48B | 12.36B | 27.62B | -280.00M | 4.38B |
| Operating Cash Flow | 24.08B | 18.05B | 33.63B | 5.32B | 12.97B |
| Investing Cash Flow | -11.20B | -9.37B | -55.55B | -12.31B | -46.20B |
| Financing Cash Flow | -6.73B | -6.41B | 38.82B | -12.57B | 38.40B |
Mirait Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥615.76B | 15.77 | 9.47% | 2.43% | 3.87% | 27.14% | |
77 Outperform | ¥281.59B | 14.61 | 7.85% | 2.72% | 5.94% | -10.93% | |
72 Outperform | ¥520.29B | 15.74 | ― | 2.51% | 17.67% | 26.12% | |
70 Neutral | ¥289.07B | 11.67 | 8.82% | 2.31% | 4.87% | 77.41% | |
66 Neutral | ¥1.12T | 17.46 | 16.33% | 2.00% | 3.66% | 35.60% | |
65 Neutral | ¥586.04B | 14.57 | ― | 2.15% | 1.48% | 41.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1417
Mirait Holdings Corporation
3,479.00
799.81
29.85%
JP:1941
CHUDENKO
5,050.00
1,381.94
37.67%
JP:1721
COMSYS Holdings
5,303.00
1,747.13
49.13%
JP:1951
Kyowa Exeo
2,632.50
539.99
25.81%
JP:1942
Kandenko Co., Ltd.
5,520.00
1,658.36
42.94%
JP:1959
Kraftia Corporation
8,396.00
1,299.06
18.30%
Mirait Holdings Corporation Corporate Events
Mirait One Delivers Record Q1 Earnings Despite Slight Dip in Orders
Aug 7, 2026
Mirait One reported that orders received in the June quarter slipped slightly year-on-year, largely due to large-scale environmental and social innovation construction orders having been booked in the prior year, though major projects including da...
Mirait ONE Swings to Profit as First-Quarter Earnings Surge
Aug 7, 2026
Mirait ONE Corporation reported solid first-quarter results for the three months ended June 30, 2026, with net sales rising 7.1% year on year to ¥130.0 billion. Operating profit surged 172.9% to ¥2.8 billion, and ordinary profit climbed ...
Mirait ONE Nearly Completes ¥6 Billion Share Buyback Program
Jul 30, 2026
Mirait ONE Corporation has completed a portion of its share buyback program authorized by its board in May 2026, under which it targeted repurchases of up to 2,000,000 common shares for a maximum of ¥6.0 billion through Tokyo Stock Exchange m...
Mirait ONE Details Progress of Tokyo Stock Exchange Share Buyback
Jul 3, 2026
Mirait ONE Corporation has reported the status of its ongoing share repurchase program authorized by its board on May 12, 2026. The buyback is being executed through market purchases on the Tokyo Stock Exchange, targeting up to 2,000,000 shares, o...
Mirait ONE Corrects Major Customer Data With No Impact on Earnings
Jun 15, 2026
Mirait ONE Corporation has issued a correction to its consolidated financial results for the fiscal year ended March 31, 2026, after discovering aggregation errors in data related to major customers. The company stressed that these amendments conc...
Mirait One Reports Progress on Share Buyback Program
Jun 3, 2026
Mirait One Corporation has disclosed the progress of its share repurchase program authorized under Japan’s Corporation Law. The company is executing the buyback through purchases of its common stock on the Tokyo Stock Exchange as part of a p...
Mirait ONE Revamps Board With New Independent Auditor as Governance Tweak
May 12, 2026
Mirait ONE Corporation has announced a slate of director changes to be put before shareholders at its 16th Ordinary General Meeting on June 24, 2026, including the reelection of its current president and several internal and outside directors. The...
Mirait One Board Rejects Shareholder’s Outside Director Proposal Amid Record Growth
May 12, 2026
Mirait One Corporation’s board has unanimously decided to oppose a shareholder proposal from Oasis Japan Strategic Fund Y Ltd. to appoint a new outside director who would not sit on the Audit and Supervisory Committee. The board, guided by i...
Mirait One Hits Record Earnings as ICT and NTT Businesses Boost Margins
May 12, 2026
Mirait One Corporation reported record highs in orders received, net sales, gross profit, EBITDA, and operating income for the fiscal year ended March 31, 2026, driven mainly by growth in its ICT solution and NTT businesses. Profitability and effi...
Mirait One Lifts Profit, Cash Position and Dividend on Strong FY2026 Results
May 12, 2026
Mirait One Corporation reported higher earnings for the fiscal year ended March 31, 2026, with net sales rising 4.1% to ¥602.4 billion and operating profit jumping 22.4%. Ordinary profit climbed 32.9% and profit attributable to owners of pare...
Mirait One to Absorb IT Subsidiary in Push to Integrate Digital Capabilities
May 12, 2026
Mirait One Corporation has approved an absorption-type merger of its wholly owned subsidiary Mirait One Systems, with the parent company remaining as the surviving entity and the systems unit to be dissolved on October 1, 2026. The internal reorga...
Mirait One Launches ¥6 Billion Share Buyback to Boost Shareholder Returns
May 12, 2026
Mirait One Corporation has authorized a share repurchase program targeting up to 2 million common shares, equivalent to 2.24% of its outstanding stock excluding treasury shares. The buyback, to be executed via purchases on the Tokyo Stock Exchange...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.