MIRAI Corporation (JP:3476)
:3476
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MIRAI Corporation
(3476)
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Rating:59Neutral
Price Target:
¥43,577.00
▼(-12.05% 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
Revenue Acceleration
A ~21% revenue advance in 2025 signals structurally stronger top-line performance versus prior low-single-digit growth years. Durable revenue gains enhance scale, improve bargaining power in developments and leasing, and create a firmer base for multi-period cash generation and reinvestment decisions.
Negative Factors
Volatile Free Cash Flow
Highly inconsistent free cash flow undermines the firm's ability to fund capex, distributions and debt service from operations. Periodic negative FCF years and weak conversion versus net income constrain strategic flexibility, increase reliance on external financing, and elevate execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
A ~21% revenue advance in 2025 signals structurally stronger top-line performance versus prior low-single-digit growth years. Durable revenue gains enhance scale, improve bargaining power in developments and leasing, and create a firmer base for multi-period cash generation and reinvestment decisions.
Read all positive factors
MIRAI Corporation (3476) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥78.78B
Dividend Yield5.26%
Average Volume (3M)4.11K
Price to Earnings (P/E)15.6
Beta (1Y)0.19
Revenue Growth-21.66%
EPS Growth1.56%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
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)2,576
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...
How the Company Makes Money
MIRAI Corporation generates revenue primarily through the sale and leasing of real estate properties it develops. The company earns income from property management services, rental returns, and fees associated with its real estate operations. It a...
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
44847.51
Negative
46706.03
Negative
47048.13
Negative
Market Momentum
-849.98
Positive
31.97
Neutral
7.95
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 49550 is above the 20-day moving average (MA) of 42922.50, above the 50-day MA of 44847.51, and above the 200-day MA of 47048.13, indicating a bearish trend. The MACD of -849.98 indicates Positive momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of 7.95 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 (65)
JP:3476
MIRAI Corporation
41,300.00
-1,156.31
-2.72%
JP:3451
Tosei Reit Investment Corporation
129,000.00
547.09
0.43%
JP:3468
Star Asia Investment Corp.
54,000.00
107.11
0.20%
JP:3470
Marimo Regional Revitalization REIT, Inc.
108,200.00
3,728.87
3.57%
JP:3487
CRE Logistics REIT, Inc
139,200.00
-6,825.75
-4.67%
JP:3492
Takara Leben Real Estate Investment Corp.
81,800.00
-3,817.90
-4.46%
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.