MIRAI Corporation (JP:3476)
:3476
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MIRAI Corporation
(3476)
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Rating:59Neutral
Price Target:
¥50,996.00
▲(2.92% Upside)
Action:DowngradedDate: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
Revenue Growth Acceleration
A ~21% revenue jump in 2025 signals durable demand or successful asset/portfolio optimization, increasing recurring rental income and scale. Sustainable top-line expansion improves ability to cover fixed costs, supports reinvestment and dividend robustness over the medium term.
Negative Factors
Meaningful Leverage
Debt modestly above equity constrains balance-sheet flexibility and increases sensitivity to interest rate or cap value moves. For a diversified REIT this leverage level limits room for opportunistic acquisitions and raises refinancing and covenant risk if market or asset values deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Acceleration
A ~21% revenue jump in 2025 signals durable demand or successful asset/portfolio optimization, increasing recurring rental income and scale. Sustainable top-line expansion improves ability to cover fixed costs, supports reinvestment and dividend robustness over the medium term.
Read all positive factors
MIRAI Corporation (3476) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥94.51B
Dividend Yield5.26%
Average Volume (3M)4.11K
Price to Earnings (P/E)18.2
Beta (1Y)0.22
Revenue Growth105.75%
EPS Growth8.11%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)1297.00
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)1,941.5
Revenue Forecast (FY)¥9.11B
MIRAI Corporation Business Overview & Revenue Model
Company Description
MIRAI Corporation operates as a real estate investment trust. Its property portfolio includes office buildings, hotels, retails properties, and others. The company has elected to be taxed as a real estate investment trust. As a result, it would no...
MIRAI Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.87B | 12.09B | 11.43B | 10.94B | 10.09B |
| Gross Profit | 4.96B | 6.60B | 5.08B | 6.24B | 5.76B |
| EBITDA | 7.47B | 6.86B | 6.57B | 6.33B | 5.85B |
| Net Income | 5.05B | 4.64B | 4.60B | 4.57B | 4.22B |
Balance Sheet | |||||
| Total Assets | 190.79B | 188.23B | 174.75B | 172.79B | 161.23B |
| Cash, Cash Equivalents and Short-Term Investments | 6.86B | 3.39B | 3.00B | 4.51B | 2.54B |
| Total Debt | 94.00B | 91.90B | 85.50B | 84.00B | 78.70B |
| Total Liabilities | 103.27B | 100.98B | 93.35B | 91.76B | 85.92B |
| Stockholders Equity | 87.53B | 87.25B | 81.39B | 81.03B | 75.31B |
Cash Flow | |||||
| Free Cash Flow | 3.43B | -7.37B | 1.56B | -3.95B | 966.43M |
| Operating Cash Flow | 18.91B | 6.39B | 12.78B | 7.84B | 11.67B |
| Investing Cash Flow | -16.26B | -13.28B | -11.13B | -11.44B | -10.97B |
| Financing Cash Flow | -2.92B | 7.58B | -3.14B | 5.86B | -1.47B |
MIRAI Corporation Technical Analysis
Negative
49550.00
Price Trends
49915.00
Negative
50030.50
Negative
47842.81
Positive
Market Momentum
-422.18
Negative
44.68
Neutral
60.47
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 49072.50, below the 50-day MA of 49915.00, and above the 200-day MA of 47842.81, indicating a neutral trend. The MACD of -422.18 indicates Negative momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 60.47 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 (65)
JP:3476
MIRAI Corporation
49,550.00
10,510.16
26.92%
JP:3451
Tosei Reit Investment Corporation
144,100.00
24,835.50
20.82%
JP:3468
Star Asia Investment Corp.
57,700.00
8,989.12
18.45%
JP:3470
Marimo Regional Revitalization REIT, Inc.
112,000.00
18,624.81
19.95%
JP:3487
CRE Logistics REIT, Inc
163,100.00
28,138.25
20.85%
JP:3492
Takara Leben Real Estate Investment Corp.
89,300.00
11,123.04
14.23%
MIRAI Corporation Corporate Events
MIRAI REIT Locks In Funding Costs with New Interest Rate Swaps
Jan 27, 2026
MIRAI Corporation has executed new interest rate swap agreements to hedge interest rate volatility by effectively converting floating-rate portions of existing loans into fixed-rate obligations. The swaps, totaling 5.0 billion yen with SBI Shinsei...
MIRAI Corporation Refinances ¥1.5 Billion in Debt Without Raising Leverage
Jan 23, 2026
MIRAI Corporation has arranged a new long-term loan totaling 1.5 billion yen from SBI Shinsei Bank and Resona Bank to refinance existing borrowings maturing on January 30, 2026. The new debt, bearing a floating interest rate linked to one-month JB...
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.