Stock Analysis

MIRAI Full Year 2024 Earnings: EPS: JP¥2,448 (vs JP¥2,597 in FY 2023)

Simply Wall St

Published December 21, 2024

MIRAI (TSE:3476) Full Year 2024 Results

Key Financial Results

Revenue: JP¥12.1b (up 5.8% from FY 2023).
Net income: JP¥4.64b (flat on FY 2023).
Profit margin: 38% (down from 40% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: JP¥2,448.

TSE:3476 Revenue and Expenses Breakdown December 21st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

MIRAI Earnings Insights

In the last 12 months, the only revenue segment was REIT - Commercial contributing JP¥12.1b. Notably, cost of sales worth JP¥6.49b amounted to 54% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling JP¥794.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 3476's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.2% decline forecast for the REITs industry in Japan.

Performance of the Japanese REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for MIRAI that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.