Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
12.09B | 11.43B | 10.94B | 10.09B | 10.82B | Gross Profit |
6.60B | 5.08B | 6.24B | 5.76B | 6.53B | EBIT |
5.44B | 5.29B | 5.16B | 4.72B | 5.49B | EBITDA |
6.86B | 6.68B | 6.46B | 5.96B | 6.69B | Net Income Common Stockholders |
4.64B | 4.60B | 4.57B | 4.22B | 4.97B |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
3.39B | 3.00B | 4.51B | 2.54B | 3.26B | Total Assets |
188.23B | 174.75B | 172.79B | 161.23B | 159.22B | Total Debt |
91.90B | 85.50B | 84.00B | 78.70B | 75.70B | Net Debt |
88.51B | 82.50B | 79.49B | 76.16B | 72.44B | Total Liabilities |
100.98B | 93.35B | 91.76B | 85.92B | 83.79B | Stockholders Equity |
87.25B | 81.39B | 81.03B | 75.31B | 75.43B |
Cash Flow | Free Cash Flow | |||
-7.37B | 1.56B | -3.95B | 966.43M | -2.55B | Operating Cash Flow |
6.39B | 12.78B | 7.84B | 11.67B | 12.04B | Investing Cash Flow |
-13.28B | -11.13B | -11.44B | -10.97B | -14.21B | Financing Cash Flow |
7.58B | -3.14B | 5.86B | -1.47B | 337.73M |
MIRAI Corporation announced a strategic initiative focused on asset replacement to enhance portfolio profitability and internal growth. The company plans to dispose of assets with low growth potential and acquire ones with a higher distribution per unit (DPU) contribution, alongside expected rent and future potential increases, aiming for improved profitability and stakeholder returns. This asset replacement strategy is anticipated to improve MIRAI’s market positioning by contributing to mid-to-long-term growth and profitability, with a projected 7.4% upward revision in DPU. Stakeholders can expect a 20 yen increase per unit in the upcoming financial period.
MIRAI Corporation has revised its financial forecasts for the fiscal period ending April 30, 2025, showing increased revenue and profit expectations due to strategic asset replacement. The company aims to enhance profitability and leverage market conditions by acquiring new assets while maintaining a focus on optimizing cash flow and portfolio strength amid economic pressures.
MIRAI Corporation announced the acquisition and leasing of three real estate assets in Japan, namely ‘MI Terrace Yokohama Nishiguchi,’ ‘MI Terrace Nagoya Aoi,’ and ‘NPC Toyamaeki-Mae Square (land).’ This decision is part of their asset replacement strategy aimed at improving profitability through both external and internal growth. The acquisitions are aligned with MIRAI’s Mid-Term Management Plan 2025, ‘Smart Defense & Offense with Aligned Interest,’ which focuses on maximizing asset returns in light of rising interest expenses and inflation. These assets, located in regions with stable demand, are expected to provide stable cash flows and potential rental income increases, enhancing MIRAI’s portfolio’s profitability and growth potential.
MIRAI Corporation has announced the disposition and lease cancellation of two properties, Shibuya World East Building and Mi-Nara, as part of its asset replacement strategy to enhance distributions per unit according to its Mid-Term Management Plan 2025. The proceeds from this disposition will be used to acquire more profitable properties, reflecting a strategic shift towards improving profitability amidst market fluctuations and challenges faced during the COVID-19 pandemic. This move is expected to align MIRAI’s assets with its growth strategy while addressing challenges in the profitability of existing properties.