銘柄情報

MIRAI Corporation

Diversified J-REIT sponsored by Mitsui & Co., Ltd. Group and IDERA Capital Management Ltd., which has an extensive investment record as an independent asset management company. Aims to maximize the profits of investors through investment management in a wide variety of asset categories by linking and integrating the "total power and business knowledge" of the Mitsui & Co., Ltd. Group and the "ability to create real-estate value" of IDERA Capital Management Ltd.(Excerpt from the website of MIRAI Corporation )

  • Unit Price and Trading Volume 拡大

  • Unit Yield, Sector Average and Overall Average 拡大

2022/06/14Update

投資指標の計算式について

Investment amount per unit

Unitholders' capital / Number of investment units authorized

NAV per unit

((Unitholders' capital + Investment surplus) + (Portforio assets appraisal value - ortfolio assets book value) / Number of investment units authorized

P/NAV

Investment unit price / NAV per unit

FFO per unit

(Net income + depreciation + profit and loss on real estate) / Number of investment units authorized

P/FFO

Investment unit price / FFO per unit

NOI

Rental business income + depreciation

NOI yield

NOI / Portfolio assets book value

Implied cap rate

NOI / (Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) + Security and guarantee deposits received

Market capitalization

Investment unit price * Number of investment units authorized

LTV

Interest-bearing liabilities / Total assets

DSCR

NOI / (Interest-bearing liabilities at end of previous period - Interest-bearing liabilities at end of current period + current interest expense)

EV / EBITDA

Market capitalization + (Interest-bearing liabilities - cash on hand and in bank) / NOI

Ratio of long-term fixed interest rate

Long-term fixed interest / Interest-bearing liabilities

Corporate Data

Investment Corporation Name MIRAI Corporation
Abbreviation MIR
Securities code 3476(JPX)
Listing date 2016/12/16
Time elapsed 5.65 year
Closing months April / October
URL http://3476.jp/
Unitholders' capital 78,499Million JPY
Number of investment units authorized 1,771,440Unit
Investment amount per unit 44,314JPY
Rating R&I:A / JCR:A+ 
Type of assets under management Offices:52.8% Retail Facilities:21.8% Hotels:15.8% Others:9.6%
Management target regions
Tokyo metropolitan area:61.1% Greater Osaka Area:15.9% Nagoya Area:9.0% Others:14.1%
Number of investment properties 38
Number of tenants 290
Total leasable floor space 340,131.51㎡

Investment Index Information

NAV per Unit 52,139JPY
Unit Price / NAV per Unit 0.96
FFO per Unit 1,629JPY
Unit Price / FFO per Unit 30.76
NOI Yield 3.56%
Implied Cap Rate 3.27%
Market capitalization 88,749Million JPY
Acquisition book value 164,554Million JPY
Term-end book value 166,347Million JPY
Appraisal value 177,611Million JPY
Interest-bearing liabilities 84,000Million JPY
LTV 48.84%
EV / EBITDA 28.42
Average maturity of borrowings 3.9year
Ratio of long-term fixed interest rate
Average occupancy rate 98.1%
Average age of buildings 25.76year

Investment Management Policies

  • Forms portfolio with offices, commercial facilities, hotels, and residential facilities as core assets.
    Incorporates growth assets (core plus assets and new-type assets) into the portfolio to a certain degree, with the aim of achieving sustained growth of the investment corporation into the future.(Excerpt from the website of MIRAI Corporation )

Other Related Corporations

Asset Manager Mitsui Bussan & Idera Partners Co., Ltd.
Update 2022/06/14 Capital 200Million JPY
Major Shareholders 50% Mitsui & Co. Asset Management Holdings Ltd. Other Shareholders
50% IDERA Capital Management Ltd.

Account Settlement InformationFY2022-4(Million JPY)

10th 11th 12th
(most recent)
13th forecast 14th forcast
Revised Date Revised Date
Operating revenue 4,973 5,113 5,275 5,492 5,393
Operating income 2,321 2,397 2,547 2,564 2,573
Ordinary income 2,073 2,144 2,245 2,277 2,277
Net income 2,072 2,143 2,244 2,276 2,276
Short-term borrowings 11,500 18,466 7,000
Long-term borrowings 62,200 63,700 70,800
Investment corporation bonds 2,000 5,000 6,200
Total assets 161,815 161,226 171,982
Net assets 75,110 75,308 80,743
Distribution per unit 1,238
JPY/per Unit
1,289
JPY/per Unit
1,267
JPY/per Unit
1,285
JPY/per Unit
1,285
JPY/per Unit

Other Affiliated Companies

Asset custodian Sumitomo Mitsui Trust Bank, Limited Accounting auditor Ernst & Young ShinNihon LLC
Accounting services Heiseikaikeisha(“HSK”) Tax Corporation Unitholders registry administrator Sumitomo Mitsui Trust Bank, Limited
Tax administration services Heiseikaikeisha(“HSK”) Tax Corporation Investment corporation bond administrator
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