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MIRAI Corporation (3476) AI Stock Analysis

JP:3476

MIRAI Corporation

(TSE/TYO:3476)

Select Model
Rating:57.6Neutral
Price Target:JPY 42,143.00â–²(16.26% Upside)
Action:reiterated
Date:08/06/26

The overall score of 57.6 reflects a mixed outlook. Financial performance shows strong revenue growth but concerning margin erosion, resulting in a moderate score. Technical indicators are bearish, though oversold conditions may provide some support. Valuation appears attractive with a high dividend yield and reasonable P/E, offering a cushion. The stock presents a balanced risk-reward profile with income appeal but requires monitoring of profitability trends.

Positive Factors
Accelerated Revenue GrowthThe 2025 acceleration indicates stronger recent top-line expansion than the prior low-single-digit pattern. If sustained, higher revenue provides a broader base to absorb property-level costs and support recurring profitability over the next several reporting periods.
Negative Factors
Meaningful Balance Sheet LeverageDebt running above equity limits financial flexibility relative to a less-leveraged balance sheet. Higher leverage can increase sensitivity to funding costs and asset-value changes, potentially constraining investment capacity if property markets or financing conditions deteriorate.

MIRAI Corporation (3476) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%JP:3476-21.12%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 69.24B
Dividend Yield
7.27%
Average Volume (3M)
9,564
Price to Earnings (P/E)
13.7
Beta (1Y)
0.12
Revenue Growth
-21.66%
EPS Growth
1.56%
Country
Japan
Employees
―
Sector
General
Sector Strength
55
Industry
REIT - Diversified

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 becoming e...

MIRAI Corporation Financial Statement Overview

Summary

Revenue growth of 21.1% is strong, but profitability deteriorated sharply with gross margin falling from 54.6% to 26.2% and net margin from 38.4% to 20.3%. Balance sheet shows moderate leverage (debt/equity 1.07) but low ROE (5.8%). Cash flow improved with operating cash flow covering net income 3.75x, though free cash flow remains volatile. Overall financial health is mixed.

Income Statement

40Negative

Balance Sheet

60Neutral

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMOct 2025Oct 2024Oct 2023Oct 2022Oct 2021
Income Statement
Total Revenue16.33B24.87B12.09B11.43B10.94B10.09B
Gross Profit4.94B4.96B6.60B5.08B6.24B5.76B
EBITDA7.57B7.47B6.86B6.57B6.33B5.85B
Net Income5.05B5.05B4.64B4.60B4.57B4.22B
Balance Sheet
Total Assets191.53B190.79B188.23B174.75B172.79B161.23B
Cash, Cash Equivalents and Short-Term Investments7.21B6.86B3.39B3.00B4.51B2.54B
Total Debt94.00B94.00B91.90B85.50B84.00B78.70B
Total Liabilities103.63B103.27B100.98B93.35B91.76B85.92B
Stockholders Equity87.90B87.53B87.25B81.39B81.03B75.31B
Cash Flow
Free Cash Flow2.89B3.43B-7.37B1.56B-3.95B966.43M
Operating Cash Flow10.81B18.91B6.39B12.78B7.84B11.67B
Investing Cash Flow-7.64B-16.26B-13.28B-11.13B-11.44B-10.97B
Financing Cash Flow-2.99B-2.92B7.58B-3.14B5.86B-1.47B

MIRAI Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price36250.00

Price Trends

50DMA38734.84Negative
100DMA39592.99Negative
200DMA42755.53Negative

Market Momentum

MACD-597.17Positive
RSI28.42Positive
STOCH-28.02Positive

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 36250.00 is below the 20-day moving average (MA) of 37203.46, below the 50-day MA of 38734.84, and below the 200-day MA of 42755.53, indicating a bearish trend. The MACD of -597.17 indicates Positive momentum. The RSI at 28.42 is Positive, neither overbought nor oversold. The STOCH value of -28.02 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3476 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3476JP:347658NeutralJPY 69.24B13.72―7.27%-21.66%1.56%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%-10%0%10%JP:3476JP:3451JP:3468JP:3470JP:3487JP:3492Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3476 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3476MIRAI Corporation36300.00-9577.30-20.88%
JP:3451Tosei Reit Investment Corporation116300.00-22222.53-16.04%
JP:3468Star Asia Investment Corp.51900.00-6667.82-11.38%
JP:3470Marimo Regional Revitalization REIT, Inc.89900.00-14033.41-13.50%
JP:3487CRE Logistics REIT, Inc123900.00-27189.34-18.00%
JP:3492Takara Leben Real Estate Investment Corp.73200.00-13972.56-16.03%

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 feat...

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.

Date of analysis: Aug 06, 2026