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MIRAI Corporation (3476) AI Stock Analysis

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JP:3476

MIRAI Corporation

(TSE/TYO:3476)

Select Model
Rating:66Neutral
Price Target:JPY 43,848.00â–²(19.80% Upside)
Action:downgraded
Date:08/06/26

The overall score of 66 is primarily supported by an attractive valuation, an appealing 6.32% dividend yield, and strong cash flow generation. These robust fundamentals provide a solid income floor. However, the score is held back by a severe technical downtrend and notably contracting profit margins, meaning investors should monitor the company's ability to balance its high-growth initiatives with cost management before entering.

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:3476-20.79%EWJ+10.53%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 67.90B
Dividend Yield
7.21%
Average Volume (3M)
9,805
Price to Earnings (P/E)
13.5
Beta (1Y)
0.13
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

Financial performance is a mixed but promising picture. The company boasts a high-quality cash flow turnaround with Operating Cash Flow reaching 3.75 times Net Income and robust revenue growth of over 21%. However, this top-line expansion comes at a cost, as profit margins have compressed significantly, pulling the overall financial score down slightly despite a stable balance sheet.

Income Statement

60Neutral

Balance Sheet

65Positive

Cash Flow

80Positive
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 Price36600.00

Price Trends

50DMA38543.46Negative
100DMA39443.19Negative
200DMA42579.67Negative

Market Momentum

MACD-616.39Positive
RSI38.38Neutral
STOCH11.96Positive

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 36600.00 is below the 20-day moving average (MA) of 36973.84, below the 50-day MA of 38543.46, and below the 200-day MA of 42579.67, indicating a bearish trend. The MACD of -616.39 indicates Positive momentum. The RSI at 38.38 is Neutral, neither overbought nor oversold. The STOCH value of 11.96 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:347666NeutralJPY 68.57B13.53―7.21%-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 '26Nov '26
JP:3476 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3476MIRAI Corporation36600.00-9512.09-20.63%
JP:3451Tosei Reit Investment Corporation120600.00-19147.56-13.70%
JP:3468Star Asia Investment Corp.53900.00-4950.75-8.41%
JP:3470Marimo Regional Revitalization REIT, Inc.89300.00-15950.22-15.15%
JP:3487CRE Logistics REIT, Inc122900.00-28855.34-19.01%
JP:3492Takara Leben Real Estate Investment Corp.74000.00-14392.42-16.28%

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