1. Japan Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
MIRAI Corporation

MIRAI Corporation

38,250.00
JPY
-100.00
(-0.26%)
92.03BMarket Cap
Dec 10Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
5,588.66
6,675.81
6,515.1
6,554.25
6,068.73
6,176.55
6,804.13
6,337.68
7,547.76
- -
Basic EPS, GAAP
- -
2,475.74
2,892.15
3,001.15
3,012.38
2,536.15
2,579.14
2,597.35
2,434
2,645.72
- -
Free Cash Flow per Basic Share
- -
-110,078.49
-4,079.2
-8,779.42
-1,544.34
581.4
-2,229.45
878.23
-3,863.85
1,798.75
- -
Dividend per Share
- -
- -
2,565.98
2,652.63
3,069.56
2,675.4
2,473.71
2,618.56
2,278.2
2,613.18
- -
Book Value per Share
60.96
45,356.01
45,392.59
44,843.15
45,377.56
45,305.5
45,741.36
45,947.6
45,740.35
45,887.1
45,887.1
Tangible Book Value per Share
58.03
45,353.79
45,390.97
44,841.4
45,370.35
45,294.15
45,732.85
45,941.14
45,736.93
45,883.94
45,883.94
Basic Weighted Avg Shares
- -
1
1
2
2
2
2
2
2
2
2
Sales/Revenue/Turnover
- -
5,771
8,375
10,299
10,816
10,088
10,941
12,053
12,089
14,397
- -
Operating Margin (%)
- -
50.99
48.12
50.96
50.74
46.77
47.16
43.87
44.98
41.07
- -
Depreciation Expense
- -
657
866
1,118
1,203
1,214
1,302
1,392
1,579
1,562
- -
Net Income, GAAP
- -
2,556
3,628
4,744
4,971
4,216
4,569
4,601
4,643
5,047
- -
Effective Tax Rate (%)
- -
0.08
0.05
0.04
0.04
0.04
0.04
1.73
0.67
0.04
- -
Profit Margin (%)
- -
44.3
43.32
46.06
45.96
41.79
41.76
38.17
38.41
35.05
- -
Working Capital
58
-5,806
4,280
6,077
750
-6,375
-5,170
-14,052
-12,156
-562
-562
LT Debt
- -
54,000
64,200
74,700
72,700
68,700
73,500
67,500
75,400
88,500
88,500
Total Equity
72
53,293
61,590
70,926
75,428
75,309
81,028
81,393
87,247
87,527
87,527
Return on Invested Capital (%)
- -
5.01
3.31
3.86
3.69
3.09
3.23
3.13
3.12
3.27
- -
Return on Capital (%)
- -
4.7
3.25
3.79
3.62
3.04
3.15
3.07
3.03
3.22
- -
Return on Common Equity (%)
- -
9.58
6.32
7.16
6.79
5.59
5.84
5.67
5.51
5.77
- -

Capital Structure

JPY

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
ST Debt
16,500
8,500
5,500
LT Borrowings
75,400
83,400
88,500
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
76,202
79,159
92,034

Working Capital

JPY

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
Total Current Assets
6,778
7,278
7,276
Cash, Cash Equivalents & STI
3,390
4,173
3,983
Accounts Receivable, Net
274
286
244
Inventories
- -
- -
- -
Total Current Liabilities
18,934
10,789
7,837
Payables & Accruals
- -
- -
- -
ST Debt
16,500
8,500
5,500
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.08%
0.32%
Free Cash Flow
- -
-301.25%
-146.55%
Net Income, GAAP
- -
0.7%
8.7%
Sales/Revenue/Turnover
- -
6.26%
19.09%
Total Cash Common Dividend
- -
0.12%
14.7%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
12,053
2024
- -
- -
12,089
2025
- -
- -
14,397

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,597.35
2024
- -
- -
2,434
2025
- -
- -
2,645.72

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,618.56
2024
- -
- -
2,278.2
2025
- -
- -
2,613.18

Company Description

Company Profile APIChatGPT
CEO
Michio Suganuma
Sector
Finance
Industry
Real estate investment trusts
Address
2-1, Nishi-Kanda 3-chome Tokyo TY Japan 101-0065
IPO Date
Dec 16, 2016
Website
3476.jp
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Business
MIRAI Corporation, founded in 2015 and headquartered in Japan, is a real estate investment trust (REIT) listed on the Tokyo Stock Exchange under the ticker 3476.T. The company specializes in the acquisition, ownership, and management of diversified real estate assets, primarily focusing on hotel properties and office buildings across Japan. MIRAI’s portfolio includes 43 properties with a total acquisition price exceeding 178 billion yen, targeting mid- to long-term stable income generation through property leasing and asset management. The company is active in the Japanese real estate market and pursues expansion through strategic acquisitions and public offerings. Recently, MIRAI completed a public offering and a third-party allotment in late 2023 to strengthen its capital base and fund asset acquisitions. Additionally, MIRAI has secured significant financing including green loans to support sustainable growth initiatives. The company has diversified its asset base by acquiring office buildings such as a Tokyo office building in 2023 and continues to focus on enhancing its portfolio quality through strategic asset transactions and operational improvements to maximize shareholder value. MIRAI operates within the real estate and investment management sector, serving institutional and retail investors in Japan. Its growth strategy emphasizes acquiring high-quality properties, pursuing sustainable finance solutions, and maintaining a stable dividend policy while expanding its real estate holdings to capture market opportunities in the hospitality and office sectors. The company remains committed to leveraging its asset management expertise to deliver steady returns and portfolio growth in its core Japanese markets. This description covers MIRAI Corporation’s core business activities in real estate investment and management, its asset portfolio, recent financial activities including capital raises and acquisitions, and its strategic focus on sustainable growth in Japan’s property market.