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← CockpitCompetitor Analysis › 546A.T Miraini Holdings Co.,ltdOpen in the cockpit ↗

Miraini Holdings Co.,ltd546A.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Electronics Distributors
Momentum weak 33
Mkt cap
$470M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$2.51M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-0.7 pp
WACC 5.0%
Hurdle
-17 pp
Req g minus delivered
Close · JPY¥2,087
1D-6.5%
1W-15.7%
1M-20.7%
3M-12.7%
6M+10.6%
YTDn/a
1Yn/a
ATR %5.0%
52w lowhigh23.8% off high

What Miraini does

No business profile yet.

Miraini at a glance

Size Miraini (546A.T) is a Japan Information Technology company (Electronics Distributors) with a market value of $470M, the 1111th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,087 on 6 Nov 2026.

Performance Over six months the shares gained 10.6%, against -2.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 31.6% over the last twelve months (peer median +17.8%); the operating margin is 2.6% (peer median 3.8%).

Valuation It trades at 0.4× enterprise value to sales against a peer median of 0.4× (10th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -17 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.7 points below its cost of capital (5.0% WACC).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026546A.T 111Peer median 98
Six months, rebased to 100: Miraini against the median of its 20 peers (local-currency closes).

Miraini financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥337B¥272B¥259B¥225B¥186B
Revenue growth—+5%+15%+21%—
Gross profit¥28.4B¥21.8B¥21.4B¥20.0B¥18.2B
EBITDA¥9.72B¥7.00B¥7.50B¥8.06B¥7.02B
Net income¥9.73B¥1.51B¥3.70B¥4.42B¥4.91B
Free cash flown/a¥9.78B-¥7.18B¥4.77B-¥13.1B
Capital expendituren/a¥889M¥859M¥509M¥233M
Total debt¥79.5B¥41.9B¥43.6B¥32.6B¥35.3B

Quarterly statements and history in the cockpit →

Miraini 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%+40%-30%-20%-10%0%3000500321907609302808611184ABE80840012983147PRT303374336881590400813730486245546A.T6-month return →1-month return →
Up and to the right = strong over both horizons. Miraini is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×5×3000507609302808611184ABE00129831477433688159618980596245546A.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Miraini is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%300050760908613147PRT7433688159618980598137546A.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Miraini is the large dot.

Miraini competitors and peer comparison

How Miraini 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.

Miraini against its 20 peers (data as of 6 Nov 2026)
Measure546A.TPeer medianRank in peer set
1-month return-20.7%-12.7%6th lowest of 21
6-month return+10.6%-2.3%7th highest of 21
Distance from 52-week high-23.8%-28.4%7th highest of 21
Revenue growth (TTM)+31.6%+17.8%8th highest of 21
Operating margin2.6%3.8%5th lowest of 21
EV / Sales0.4×0.4×10th most expensive of 20
Growth the price implies (Req g, 7 yrs)-1.0%0.3%5th least demanding of 11
Growth delivered (Del g)+16.3%+2.5%3rd highest of 11
Hurdle (Req g minus delivered)-17.3 pp-5.2 pp4th least demanding of 11
ROIC minus cost of capital-0.7 pp+3.9 pp5th lowest of 20
Net debt / EBITDA5.4×1.5×2nd most indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Miraini 546A.TJapan$470M+11%+32%3%0.4×-1.0%+16.3%
Dingli 300050.SZChina$478M-18%+24%8%9.2×27.1%-15.4%
Daou Data 032190.KSSouth Korea$444M-32%+130%6%n/an/an/a
Daitron 7609.TJapan$438M+15%+57%8%0.4×-5.0%+12.4%
Zenitron 3028.TWTaiwan$430M-19%+76%4%0.2×n/an/a
Digital China 0861.HKHong Kong$410M-14%+16%1%0.4×1.5%+2.8%
S.A.S. Dragon 1184.HKHong Kong$542M+16%+92%4%0.2×n/an/a
AB S.a. ABE.WAPoland$556M+3%+15%2%0.2×n/an/a
Ryoden 8084.TJapan$558M+45%+13%3%0.3×n/an/a
Shenzhen Best of Best 001298.SZChina$559M-38%+78%3%0.5×n/an/a
Jetwell Computer 3147.TWOTaiwan$384M+63%+105%7%0.8×-6.9%+25.9%
Esprinet PRT.MIItaly$379M-9%+5%1%0.1×2.7%-0.9%
Weikeng Industrial 3033.TWTaiwan$596M-3%+19%3%0.3×n/an/a
Hakuto 7433.TJapan$598M+34%+8%4%0.7×3.8%+1.8%
Shenzhen Neoway Technology 688159.SSChina$365M-45%-43%5%1.7×25.7%+33.3%
Promate Electronic 6189.TWTaiwan$354M-10%-10%4%0.4×-9.8%+2.1%
IngDan 0400.HKHong Kong$629M+33%+81%3%0.4×n/an/a
Daiichi Jitsugyo 8059.TJapan$633M-2%-7%6%0.2×-19.3%+9.4%
Sun-Wa Technos 8137.TJapan$346M+8%+20%3%0.3×-0.8%+1.9%
Edom Technology 3048.TWTaiwan$344M+6%+11%2%0.1×n/an/a
Lanner Electronics 6245.TWOTaiwan$344M-5%-2%9%1.1×n/an/a

Questions

Which companies are Miraini's closest peers?
The cockpit's peer set: Dingli (300050.SZ), Daou Data (032190.KS), Daitron (7609.T), Zenitron (3028.TW), Digital China (0861.HK), S.A.S. Dragon (1184.HK), AB S.a. (ABE.WA), Ryoden (8084.T).
Is Miraini expensive compared with its peers?
On ev / sales it trades at 0.4× against a peer median of 0.4×, 10th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -17 pp: the price already allows for a slowdown.
How has Miraini stock performed?
Over six months to 6 Nov 2026 the shares returned +10.6% against -2.3% for the median peer.

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.