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MIRAI Corporation
(3476)
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Rating:59Neutral
Price Target:
¥42,427.00
▲(2.36% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial profitability and strong income appeal (high dividend yield), offset by inconsistent free cash flow and meaningful leverage. Technical conditions are currently weak, with the stock trading below major moving averages and negative momentum indicators.
Positive Factors
Operating profitability & margins
Strong operating margins (EBIT/EBITDA and net) provide durable cash generation capacity, supporting reinvestment and dividend funding. Sustained margin levels increase resilience across market cycles and improve ability to service debt and fund property upkeep over the medium term.
Negative Factors
Meaningful leverage on the balance sheet
Debt slightly above equity (debt-to-equity ≈1.05–1.07) limits financial flexibility in a capital-intensive REIT model. This leverage raises refinancing and interest-rate sensitivity, constraining acquisitions, tenant-risk absorption and the ability to respond to funding shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating profitability & margins
Strong operating margins (EBIT/EBITDA and net) provide durable cash generation capacity, supporting reinvestment and dividend funding. Sustained margin levels increase resilience across market cycles and improve ability to service debt and fund property upkeep over the medium term.
Read all positive factors
MIRAI Corporation (3476) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥79.64B
Dividend Yield6.32%
Average Volume (3M)4.11K
Price to Earnings (P/E)15.8
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
41450.00
Price Trends
42097.00
Negative
44312.53
Negative
46432.71
Negative
Market Momentum
-427.56
Positive
34.73
Neutral
16.42
Positive
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 41450 is below the 20-day moving average (MA) of 41637.50, below the 50-day MA of 42097.00, and below the 200-day MA of 46432.71, indicating a bearish trend. The MACD of -427.56 indicates Positive momentum. The RSI at 34.73 is Neutral, neither overbought nor oversold. The STOCH value of 16.42 is Positive, 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
40,450.00
-3,569.99
-8.11%
JP:3451
Tosei Reit Investment Corporation
130,300.00
-6,216.78
-4.55%
JP:3468
Star Asia Investment Corp.
53,000.00
-2,927.08
-5.23%
JP:3470
Marimo Regional Revitalization REIT, Inc.
102,500.00
-3,408.63
-3.22%
JP:3487
CRE Logistics REIT, Inc
136,000.00
-8,904.94
-6.15%
JP:3492
Takara Leben Real Estate Investment Corp.
80,200.00
-9,844.79
-10.93%
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.