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MIRAI Corporation (3476) AI Stock Analysis

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JP:3476

MIRAI Corporation

(TSE/TYO:3476)

Select Model
Rating:63Neutral
Price Target:JPY 37,914.00â–²(6.50% Upside)
Action:reiterated
Date:11/07/26

The score is driven primarily by solid financial performance tempered by leverage and inconsistent free cash flow. Valuation is supportive (high dividend yield with a moderate P/E), while technicals remain weak due to a clear downtrend despite oversold signals.

Positive Factors
2025 Revenue AccelerationThe sharp acceleration in 2025 revenue indicates stronger operating momentum and improved business activity compared with the preceding years. If maintained, this growth can support recurring earnings, improve the platform for future investment, and reinforce the company’s position within diversified real estate.
Negative Factors
Meaningful LeverageDebt slightly above equity leaves the company more sensitive to funding costs and asset-value changes than a lightly levered business. This leverage can reduce financial flexibility, constrain future investment choices, and make it harder to absorb adverse real-estate or financing conditions.

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

-30%-20%-10%0%10%20%30%JP:3476-23.81%EWJ+10.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 67.90B
Dividend Yield
7.41%
Average Volume (3M)
9,947
Price to Earnings (P/E)
13.5
Beta (1Y)
0.14
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

Profitability and revenue momentum are solid (notably stronger 2025 revenue growth and healthy margins), but leverage is meaningful and free cash flow has been volatile with weak conversion in 2025. Overall, earnings strength is partially offset by balance-sheet sensitivity and uneven cash durability.

Income Statement

72Positive

Balance Sheet

58Neutral

Cash Flow

46Neutral
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 Price35600.00

Price Trends

50DMA38467.95Negative
100DMA39382.73Negative
200DMA42518.19Negative

Market Momentum

MACD-662.78Positive
RSI29.82Positive
STOCH9.63Positive

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 35600.00 is below the 20-day moving average (MA) of 36884.10, below the 50-day MA of 38467.95, and below the 200-day MA of 42518.19, indicating a bearish trend. The MACD of -662.78 indicates Positive momentum. The RSI at 29.82 is Positive, neither overbought nor oversold. The STOCH value of 9.63 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:347663NeutralJPY 67.90B13.45―7.41%-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 Corporation35600.00-10606.00-22.95%
JP:3451Tosei Reit Investment Corporation117500.00-22530.27-16.09%
JP:3468Star Asia Investment Corp.52500.00-6445.07-10.93%
JP:3470Marimo Regional Revitalization REIT, Inc.86800.00-18638.34-17.68%
JP:3487CRE Logistics REIT, Inc118900.00-32950.48-21.70%
JP:3492Takara Leben Real Estate Investment Corp.71700.00-16786.25-18.97%

MIRAI Corporation Corporate Events

MIRAI’s Variable-Rent Hotels Log Solid September on Event and Inbound Demand

Oct 23, 2026

MIRAI Corporation is a Japanese real estate investment trust focused on income-producing properties, including hotels under variable rent structures. Managed by Mitsui Bussan & IDERA Partners Co., Ltd., the REIT’s portfolio includes five Sm...

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: Nov 07, 2026