Mirait ONEMIRAIT ONE Corporation1417東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Mirait ONE revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +4.1% from the prior year, operating profit +22.4%.

Five-year trend

Revenue¥602.4B
FY ending Mar 2022: ¥470.4B¥470.4BFY ending Mar 2023: ¥484B¥484BFY ending Mar 2024: ¥518.4B¥518.4BFY ending Mar 2025: ¥578.6B¥578.6BFY ending Mar 2026: ¥602.4B¥602.4BFY22FY23FY24FY25FY26
Operating income¥34.3B
FY ending Mar 2022: ¥32.8B¥32.8BFY ending Mar 2023: ¥21.8B¥21.8BFY ending Mar 2024: ¥17.8B¥17.8BFY ending Mar 2025: ¥28B¥28BFY ending Mar 2026: ¥34.3B¥34.3BFY22FY23FY24FY25FY26
Operating margin5.7%
FY ending Mar 2022: 7.0%7.0%FY ending Mar 2023: 4.5%4.5%FY ending Mar 2024: 3.4%3.4%FY ending Mar 2025: 4.8%4.8%FY ending Mar 2026: 5.7%5.7%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin3.9%
Asset turnover1.08×
ROA4.2%
ROA4.2%
Financial leverage2.20×
ROE9.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin3.9%
2022: 5.3%5.3%2023: 3.1%3.1%2024: 2.4%2.4%2025: 3.0%3.0%2026: 3.9%3.9%2223242526
Asset turnover1.08×
2022: 1.08×1.08×2023: 1.11×1.11×2024: 1.08×1.08×2025: 1.09×1.09×2026: 1.08×1.08×2223242526
ROA4.2%
2022: 5.8%5.8%2023: 3.4%3.4%2024: 2.6%2.6%2025: 3.2%3.2%2026: 4.2%4.2%2223242526
Financial leverage2.20×
2022: 1.84×1.84×2023: 1.83×1.83×2024: 1.99×1.99×2025: 2.18×2.18×2026: 2.20×2.20×2223242526
ROE9.2%
2022: 10.6%10.6%2023: 6.2%6.2%2024: 5.2%5.2%2025: 7.1%7.1%2026: 9.2%9.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.3%1.08×5.8%1.84×10.6%
20233.1%1.11×3.4%1.83×6.2%
20242.4%1.08×2.6%1.99×5.2%
20253.0%1.09×3.2%2.18×7.1%
20263.9%1.08×4.2%2.20×9.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue17.3%
2021: 18.7%18.7%2022: 19.5%19.5%2023: 19.3%19.3%2024: 19.3%19.3%2025: 17.5%17.5%2026: 17.3%17.3%212223242526
PPE ÷ total assets18.2%
2021: 24.2%24.2%2022: 21.0%21.0%2023: 21.4%21.4%2024: 19.3%19.3%2025: 18.8%18.8%2026: 18.2%18.2%212223242526
Goodwill ÷ parent equity13.9%
2021: 1.4%1.4%2022: 8.7%8.7%2023: 8.6%8.6%2024: 16.1%16.1%2025: 15.3%15.3%2026: 13.9%13.9%212223242526
Goodwill balance¥35.9B
2021: ¥3.09B¥3.09B2022: ¥20.6B¥20.6B2023: ¥20.7B¥20.7B2024: ¥38.6B¥38.6B2025: ¥37.6B¥37.6B2026: ¥35.9B¥35.9B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥393M
2021: ¥265M¥265M2022: ¥140M¥140M2023: ¥116M¥116M2024: ¥304M¥304M2025: ¥371M¥371M2026: ¥393M¥393M212223242526
R&D / revenue0.1%
2021: 0.1%0.1%2022: 0.0%0.0%2023: 0.0%0.0%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue470,385483,987518,384578,599602,377
Cost of revenue404,169423,491456,601493,748509,369
Gross profit66,21660,49561,78284,85193,008
SG&A33,41138,69243,95256,86658,740
Operating income32,80421,80317,83027,98534,267
Pretax income37,50423,24320,48827,96136,702
Income tax12,0708,0417,34710,08512,672
Net income attributable to owners25,16314,78112,53517,17923,282
Operating margin7.0%4.5%3.4%4.8%5.7%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 10%
Property, plant and equipment 18%
Intangibles and goodwill 19%
5%
Other assets 48%

Funding

Interest-bearing debt 21%
Other liabilities 29%
Equity 50%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥48.9B¥30.4B¥48B¥51.4B¥57.1B
Total assets¥435.8B¥436.8B¥520B¥537.7B¥573.4B
Net assets¥249.2B¥254.3B¥260.1B¥269.9B¥288.4B
Share capital¥7B¥7B¥7B¥7B¥7B
Property, plant and equipment¥91.6B¥93.5B¥100.1B¥101.1B¥104.4B
Intangible assets excluding goodwill¥36.9B¥38.7B¥75.7B¥76.6B¥74.3B
Goodwill¥20.6B¥20.7B¥38.6B¥37.6B¥35.9B
Investment securities¥16.2B¥17.8B¥19.5B¥19.4B¥25.5B
Current assets¥276.1B¥272.5B¥304.7B¥321.2B¥347.1B
Current liabilities¥158.7B¥125.1B¥192.7B¥161B¥176.3B
Short-term borrowings¥50.1B¥21.5B¥75.1B¥42.6B¥49.5B
Long-term borrowings¥35M¥30B¥31B¥40.5B¥40.1B
Bonds———¥30B¥30B
Interest-bearing debt———¥113.1Bderived¥119.6Bderived
Total liabilities¥186.5B¥182.4B¥259.9B¥267.9B¥284.9B
Non-controlling interests¥7.12B¥7.49B¥8.11B¥8.38B¥9.01B
Equity attributable to owners of parent¥236.6B¥240B¥239.8B¥245.7B¥259B
Retained earnings¥175.8B¥184B¥190.8B¥201.5B¥217.6B
Treasury stock-¥15.8B-¥12.3B-¥3.79B-¥2.93B-¥5.79B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2025/04/01-2026/03/31)

    ID S100YG402026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第15期(2024/04/01-2025/03/31)

    ID S100VZQA2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第14期(2023/04/01-2024/03/31)

    ID S100TTGY2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第13期(2022/04/01-2023/03/31)

    ID S100R79T2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第12期(令和3年4月1日-令和4年3月31日)

    ID S100O90S2022-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第11期(令和2年4月1日-令和3年3月31日)

    ID S100LQ882021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 2

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