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MIRAI Corporation
(3476)
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Rating:59Neutral
Price Target:
¥43,838.00
▼(-11.53% Downside)
Action:Downgraded
Date:03/24/26
The score is primarily driven by a solid but uneven financial profile: strong 2025 growth/profitability is offset by volatile free cash flow and meaningful leverage. Technical indicators add modest pressure due to weak trend and negative MACD, while valuation is a support thanks to the strong dividend yield.
Positive Factors
2025 revenue acceleration
A pronounced revenue acceleration in 2025 indicates improving top-line trends for MIRAI, reflecting stronger leasing or asset performance. Over a 2–6 month horizon, a larger revenue base supports more predictable rental income and gives management scope to stabilize operations and fund recurring distributions if maintained.
Negative Factors
Volatile free cash flow
Highly inconsistent free cash flow undermines MIRAI's ability to reliably fund capital expenditures, deleveraging or distributions. Negative FCF years and low conversion in 2025 highlight that accounting profits may not consistently translate to available cash, raising structural liquidity and payout sustainability concerns.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 revenue acceleration
A pronounced revenue acceleration in 2025 indicates improving top-line trends for MIRAI, reflecting stronger leasing or asset performance. Over a 2–6 month horizon, a larger revenue base supports more predictable rental income and gives management scope to stabilize operations and fund recurring distributions if maintained.
Read all positive factors
MIRAI Corporation (3476) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥80.02B
Dividend Yield5.26%
Average Volume (3M)4.11K
Price to Earnings (P/E)15.9
Beta (1Y)0.19
Revenue Growth-21.66%
EPS Growth1.56%
CountryJP
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)2646.36
Shares Outstanding1,907,440
10 Day Avg. Volume4,334
30 Day Avg. Volume4,114
Financial Highlights & Ratios
PEG Ratio2.25
Price to Book (P/B)1.05
Price to Sales (P/S)3.70
P/FCF Ratio26.80
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)1,349
Revenue Forecast (FY)¥12.13B
MIRAI Corporation Business Overview & Revenue Model
Company Description
MIRAI Corporation functions as a Real Estate Investment Trust (REIT), managing a varied portfolio encompassing office buildings, hotels, retail establishments, and other property types. The company has opted for taxation as a REIT, thereby becomin...
MIRAI Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.33B | 24.87B | 12.09B | 11.43B | 10.94B | 10.09B |
| Gross Profit | 4.94B | 4.96B | 6.60B | 5.08B | 6.24B | 5.76B |
| EBITDA | 7.57B | 7.47B | 6.86B | 6.57B | 6.33B | 5.85B |
| Net Income | 5.05B | 5.05B | 4.64B | 4.60B | 4.57B | 4.22B |
Balance Sheet | ||||||
| Total Assets | 191.53B | 190.79B | 188.23B | 174.75B | 172.79B | 161.23B |
| Cash, Cash Equivalents and Short-Term Investments | 7.21B | 6.86B | 3.39B | 3.00B | 4.51B | 2.54B |
| Total Debt | 94.00B | 94.00B | 91.90B | 85.50B | 84.00B | 78.70B |
| Total Liabilities | 103.63B | 103.27B | 100.98B | 93.35B | 91.76B | 85.92B |
| Stockholders Equity | 87.90B | 87.53B | 87.25B | 81.39B | 81.03B | 75.31B |
Cash Flow | ||||||
| Free Cash Flow | 2.89B | 3.43B | -7.37B | 1.56B | -3.95B | 966.43M |
| Operating Cash Flow | 10.81B | 18.91B | 6.39B | 12.78B | 7.84B | 11.67B |
| Investing Cash Flow | -7.64B | -16.26B | -13.28B | -11.13B | -11.44B | -10.97B |
| Financing Cash Flow | -2.99B | -2.92B | 7.58B | -3.14B | 5.86B | -1.47B |
MIRAI Corporation Technical Analysis
Negative
49550.00
Price Trends
43359.00
Negative
45721.45
Negative
46832.14
Negative
Market Momentum
-401.91
Negative
43.64
Neutral
34.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3476, the sentiment is Negative. The current price of 49550 is above the 20-day moving average (MA) of 42055.00, above the 50-day MA of 43359.00, and above the 200-day MA of 46832.14, indicating a bearish trend. The MACD of -401.91 indicates Negative momentum. The RSI at 43.64 is Neutral, neither overbought nor oversold. The STOCH value of 34.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3476.
MIRAI Corporation Peers Comparison
UnderperformOutperform
Sector (55)
JP:3476
MIRAI Corporation
41,950.00
-601.08
-1.41%
JP:3451
Tosei Reit Investment Corporation
133,000.00
1,701.03
1.30%
JP:3468
Star Asia Investment Corp.
55,600.00
199.62
0.36%
JP:3470
Marimo Regional Revitalization REIT, Inc.
106,700.00
3,895.27
3.79%
JP:3487
CRE Logistics REIT, Inc
142,100.00
-1,187.50
-0.83%
JP:3492
Takara Leben Real Estate Investment Corp.
83,000.00
-3,748.17
-4.32%
MIRAI Corporation Corporate Events
MIRAI REIT to Sell Tokyo Wedding Venue Asset and Recycle Capital Into Growth Properties
May 28, 2026
MIRAI Corporation will dispose of its quasi-co-ownership stakes in THINGS Aoyama, a guesthouse-style wedding facility in Minami-Aoyama, Tokyo, for a total of 3,580 million yen in two tranches through October 2026 and April 2027. The asset, which f...
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.