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← CockpitCompetitor Analysis › 3476.T MIRAI CorporationOpen in the cockpit ↗

MIRAI Corporation3476.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Investment Trusts
Momentum weak 20
Mkt cap
$431M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$2.72M
20-day average traded
Fwd P/E
26.4×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
34 days
10 Dec 2026
Close · JPY¥35,600
1D-2.7%
1W-2.3%
1M-8.7%
3M-12.8%
6M-22.5%
YTD-29.4%
1Y-28.2%
ATR %1.8%
52w lowhigh31.4% off high

What MIRAI does

No business profile yet.

MIRAI at a glance

Size MIRAI (3476.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $431M, the 1151st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥35,600 on 6 Nov 2026.

Performance Over six months the shares fell 22.5%, against -16.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue fell 21.7% over the last twelve months (peer median +4.2%); the operating margin is 36.7% (peer median 40.8%).

Valuation It trades at 26.4× forward earnings against a peer median of 14.4× (4th most expensive of 13).

Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 873476.T 78
Six months, rebased to 100: MIRAI against the median of its 20 peers (local-currency closes).

MIRAI financials

Reported figures in JPY; fiscal year ends 2025-10-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥16.3B¥24.9B¥12.1B¥18.9B¥12.5B
Revenue growth—+106%-36%+51%—
Gross profit¥6.41B¥6.52B¥5.60B¥5.69B¥5.37B
EBITDA¥7.56B¥7.47B¥7.02B¥6.68B¥6.46B
Net income¥5.05B¥5.05B¥4.64B¥4.60B¥4.57B
Free cash flow¥2.89B¥3.43B-¥7.37B¥1.56B-¥3.95B
Capital expenditure¥7.92B¥15.5B¥13.8B¥11.2B¥11.8B
Total debtn/a¥94.0B¥91.9B¥85.5B¥84.0B

Quarterly statements and history in the cockpit →

MIRAI competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%32900948000405M1GUCHCTPLZ-UNLIVENXR-UNNXRTBRSPXRN34592979BSRT-UN34873492ILPTPRV-UN3476.T6-month return →1-month return →
Up and to the right = strong over both horizons. MIRAI is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×0405M1GUCHCTPLZ-UNLIVEBRSPBSRT-UN3487OLP34923476.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MIRAI is the large dot.

MIRAI competitors and peer comparison

How MIRAI compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

MIRAI against its 20 peers (data as of 6 Nov 2026)
Measure3476.TPeer medianRank in peer set
1-month return-8.7%-5.0%8th lowest of 21
6-month return-22.5%-16.3%7th lowest of 20
Distance from 52-week high-31.4%-24.4%8th lowest of 21
Revenue growth (TTM)-21.7%+4.2%lowest of 20
Operating margin36.7%40.8%9th lowest of 20
Forward P/E26.4×14.4×4th most expensive of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
MIRAI 3476.TJapan$431M-23%-22%37%26.4×n/an/a
One REIT 3290.TJapan$435M-10%0%30%n/an/an/a
Mirae Asset Maps Realty Real Estate Public Investment 094800.KSSouth Korea$424M-17%n/an/an/an/an/a
Yuexiu Real Estate Investment Trust 0405.HKHong Kong$424M-19%-11%48%11.1×n/an/a
Alpha Integrated Real Estate Investment Trust M1GU.SISingapore$423M-1%+6%48%16.1×n/an/a
Community Healthcare Trust CHCTUnited States$423M-16%+6%32%32.7×n/an/a
Plaza Retail REIT PLZ-UN.TOCanada$419M+19%+3%52%11.6×n/an/a
Living REIT LIVE.LUnited Kingdom$443M0%+5%79%10.8×n/an/a
Nexus Industrial REIT NXR-UN.TOCanada$418M-1%+2%65%16.3×n/an/a
NexPoint Residential Trust NXRTUnited States$417M-46%+1%11%n/an/an/a
BrightSpire Capital BRSPUnited States$416M-44%+2%34%5.7×n/an/a
Chiron Real Estate XRNUnited States$416M-16%+4%29%n/an/an/a
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%47%n/an/an/a
Samty Residential Investment 3459.TJapan$411M-27%+13%29%n/an/an/a
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%37%n/an/an/a
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%50%12.8×n/an/a
CRE Logistics REIT 3487.TJapan$460M-23%+23%41%17.0×n/an/a
One Liberty Properties OLPUnited States$461M-10%+11%34%54.1×n/an/a
MIRARTH Real Estate Investment 3492.TJapan$461M-18%+35%50%28.7×n/an/a
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%34%n/an/an/a
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%47%12.0×n/an/a

Questions

Which companies are MIRAI's closest peers?
The cockpit's peer set: One REIT (3290.T), Mirae Asset Maps Realty Real Estate Public Investment (094800.KS), Yuexiu Real Estate Investment Trust (0405.HK), Alpha Integrated Real Estate Investment Trust (M1GU.SI), Community Healthcare Trust (CHCT), Plaza Retail REIT (PLZ-UN.TO), Living REIT (LIVE.L), Nexus Industrial REIT (NXR-UN.TO).
Is MIRAI expensive compared with its peers?
On forward p/e it trades at 26.4× against a peer median of 14.4×, 4th most expensive of 13 in its peer set.
How has MIRAI stock performed?
Over six months to 6 Nov 2026 the shares returned -22.5% against -16.3% for the median peer; over one year -28.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.