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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 )
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Unit Price and Trading Volume
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Unit Yield, Sector Average and Overall Average
Corporate Data
| Investment Corporation Name | MIRAI Corporation |
|---|---|
| Abbreviation | MIR |
| Securities code | 3476（JPX） |
| Listing date | 2016/12/16 |
| Time elapsed | 5.95 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 | 0.91 |
| FFO per Unit | 1,629JPY |
| Unit Price / FFO per Unit | 29.19 |
| NOI Yield | 3.56％ |
| Implied Cap Rate | 3.35％ |
| Market capitalization | 84,232Million 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 | 27.66 |
| 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 |
