Financials MIRAI Corporation

Equities

3476

JP3048370005

Commercial REITs

Delayed Japan Exchange 11:55:53 2024-05-28 pm EDT 5-day change 1st Jan Change
45,450 JPY -0.33% Intraday chart for MIRAI Corporation -0.66% +4.60%

Valuation

Fiscal Period: October 2019 2022 2023 2024 2025 2026
Capitalization 1 100,434 84,852 80,866 86,979 - -
Enterprise Value (EV) 1 100,434 84,852 80,866 86,979 86,979 86,979
P/E ratio 21.2 x 18.4 x - 16.8 x 16.2 x 14.3 x
Yield 4.72% 5.39% - 5.65% 5.81% 6.8%
Capitalization / Revenue 9.75 x 7.76 x 6.71 x 6.77 x 6.56 x 5.93 x
EV / Revenue 9.75 x 7.76 x 6.71 x 6.77 x 6.56 x 5.93 x
EV / EBITDA 15.8 x 13.1 x - 12.6 x 12.1 x 10.7 x
EV / FCF - - - -121 x -93.5 x 300 x
FCF Yield - - - -0.83% -1.07% 0.33%
Price to Book - - - - - -
Nbr of stocks (in thousands) 1,582 1,771 1,771 1,907 - -
Reference price 2 63,500 47,900 45,650 45,600 45,600 45,600
Announcement Date 12/10/19 12/15/22 12/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2022 2023 2024 2025 2026
Net sales 1 10,299 10,941 12,053 12,850 13,250 14,670
EBITDA 1 6,366 6,461 - 6,920 7,170 8,110
EBIT 5,248 5,159 - - - -
Operating Margin 50.96% 47.15% - - - -
Earnings before Tax (EBT) - - - - - -
Net income 1 4,744 4,569 4,601 4,800 4,980 5,670
Net margin 46.06% 41.76% 38.17% 37.35% 37.58% 38.65%
EPS 2 3,000 2,603 - 2,711 2,810 3,200
Free Cash Flow 1 - - - -720 -930 290
FCF margin - - - -5.6% -7.02% 1.98%
FCF Conversion (EBITDA) - - - - - 3.58%
FCF Conversion (Net income) - - - - - 5.11%
Dividend per Share 2 2,999 2,580 - 2,575 2,650 3,100
Announcement Date 12/10/19 12/15/22 12/15/23 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 5,340 5,448 - 4,973 5,114 5,275 5,666 6,308 5,744 5,880 6,070
EBITDA - - - - - - - - - - -
EBIT 1 - 2,865 - 2,321 2,397 2,548 2,612 2,820 2,468 2,520 2,640
Operating Margin - 52.59% - 46.67% 46.88% 48.29% 46.09% 44.71% 42.96% 42.86% 43.49%
Earnings before Tax (EBT) - 2,595 - - - - - - - - -
Net income 1 2,473 2,594 2,377 2,072 2,143 2,245 2,324 2,447 2,153 2,123 2,269
Net margin 46.31% 47.61% - 41.66% 41.91% 42.55% 41.02% 38.79% 37.49% 36.11% 37.38%
EPS 1,563 1,583 1,429 - - - - - - - -
Dividend per Share 1,563 1,561 - - - - - - - - -
Announcement Date 12/10/19 6/15/20 12/14/20 6/15/21 12/13/21 6/17/22 12/15/22 6/14/23 12/15/23 - -
1JPY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - -720 -930 290
ROE (net income / shareholders' equity) 6.64% 5.84% - - - -
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share - - - - - -
Cash Flow per Share - - - - - -
Capex 1 - - - 7,710 7,950 8,800
Capex / Sales - - - 60% 60% 59.99%
Announcement Date 12/10/19 12/15/22 12/15/23 - - -
1JPY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
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Quarterly revenue - Rate of surprise

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