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MIRARTH Real Estate Investment Corporation logo

MIRARTH Real Estate Investment Corporation

3492.T

JPXReal EstateREIT - Diversified

Open in GoAI

Latest quote

¥81,800

+¥900 · +1.11%

Aug 24, 1:27 PM JST

3492.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

MIRARTH Real Estate Investment Corporation functions as a real estate investment trust (REIT). The company's core business involves acquiring a diverse range of real estate assets, encompassing direct property holdings, leasehold interests, and beneficial rights derived from trusts. Established on September 11, 2017, this entity maintains its principal office in Tokyo, Japan.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Tetsuo Saida
Listed since
Jul 27, 2018

Market position

Day range

Current ¥81,800

52-week range

Current ¥81,800

Open
¥81,100
Previous close
¥80,900
Volume
2.93K
0.53× average
Average volume
5.47K
Average daily volume
Market cap
74.51B JPY
Beta
0.18
Market reference 1
50-day average
¥82,330
-0.64% below average
200-day average
¥88,465
-7.53% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
14.09×
P/B (TTM)
0.82×
P/S (TTM)
5.81×
Dividend yield
6.82%

Profitability & efficiency

Gross margin
32.34%
Operating margin
46.83%
Net margin
41.27%

Financial health

Debt / equity
1.06×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends74%64%54%44%Gross margin, FY2021: 68.68%Gross margin, FY2022: 71.33%Gross margin, FY2023: 66.16%Gross margin, FY2024: 66.45%Gross margin, FY2025: 46.56%Operating margin, FY2021: 59.75%Operating margin, FY2022: 53.99%Operating margin, FY2023: 58.02%Operating margin, FY2024: 58.47%Operating margin, FY2025: 58.47%Net margin, FY2021: 51.22%Net margin, FY2022: 47.22%Net margin, FY2023: 47.72%Net margin, FY2024: 47.98%Net margin, FY2025: 52.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 68.68%. Gross margin FY2022 71.33%. Gross margin FY2023 66.16%. Gross margin FY2024 66.45%. Gross margin FY2025 46.56%. Operating margin FY2021 59.75%. Operating margin FY2022 53.99%. Operating margin FY2023 58.02%. Operating margin FY2024 58.47%. Operating margin FY2025 58.47%. Net margin FY2021 51.22%. Net margin FY2022 47.22%. Net margin FY2023 47.72%. Net margin FY2024 47.98%. Net margin FY2025 52.52%.

Income trends

Revenue

10.21B JPY+23.08%

Operating income

5.97B JPY+23.08%

Net income

5.36B JPY+34.73%
Income trends across reported periods10.92B JPY8.06B JPY5.19B JPY2.32B JPYRevenue, FY2021: 5.94B JPYRevenue, FY2022: 7.58B JPYRevenue, FY2023: 7.5B JPYRevenue, FY2024: 8.29B JPYRevenue, FY2025: 10.21B JPYOperating income, FY2021: 3.55B JPYOperating income, FY2022: 4.09B JPYOperating income, FY2023: 4.35B JPYOperating income, FY2024: 4.85B JPYOperating income, FY2025: 5.97B JPYNet income, FY2021: 3.04B JPYNet income, FY2022: 3.58B JPYNet income, FY2023: 3.58B JPYNet income, FY2024: 3.98B JPYNet income, FY2025: 5.36B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.94B JPY. Revenue FY2022 7.58B JPY. Revenue FY2023 7.5B JPY. Revenue FY2024 8.29B JPY. Revenue FY2025 10.21B JPY. Operating income FY2021 3.55B JPY. Operating income FY2022 4.09B JPY. Operating income FY2023 4.35B JPY. Operating income FY2024 4.85B JPY. Operating income FY2025 5.97B JPY. Net income FY2021 3.04B JPY. Net income FY2022 3.58B JPY. Net income FY2023 3.58B JPY. Net income FY2024 3.98B JPY. Net income FY2025 5.36B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue10.21B JPY8.29B JPY7.5B JPY7.58B JPY5.94B JPY
Cost of goods sold5.45B JPY2.78B JPY2.54B JPY2.17B JPY1.86B JPY
Gross profit4.75B JPY5.51B JPY4.96B JPY5.4B JPY4.08B JPY
Selling, general, and administrative650.43M JPY465.38M JPY414.39M JPY416.61M JPY344.63M JPY
Operating expenses−1.22B JPY661.34M JPY610.7M JPY873.55M JPY526.93M JPY
Interest income12.45M JPY−288.45M JPY96K JPY935K JPY81K JPY
Interest expense892.18M JPY532.16M JPY589.14M JPY361.34M JPY274.55M JPY
Depreciation and amortization1.48B JPY1.09B JPY1.02B JPY898.43M JPY660.91M JPY
Operating income5.97B JPY4.85B JPY4.35B JPY4.09B JPY3.55B JPY
Net income5.36B JPY3.98B JPY3.58B JPY3.58B JPY3.04B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
7 beats, 0 misses, 0 met estimates
Average EPS surprise
+5.59%
7 comparable reports
Latest EPS result
2,847
Estimate 2,511 · Beat by 13.38%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3,076.322,846.112,615.892,385.68Q2 '23BeatQ4 '23BeatQ2 '24BeatQ4 '24BeatQ2 '25BeatQ4 '25BeatQ2 '26BeatQ4 '26Estimate
Q2 2023, reported Apr 21, 2023: actual 2,689, estimate 2,527.4, surprise +6.39%, Beat. Q4 2023, reported Oct 23, 2023: actual 2,694, estimate 2,540, surprise +6.06%, Beat. Q2 2024, reported Apr 19, 2024: actual 2,691, estimate 2,672, surprise +0.71%, Beat. Q4 2024, reported Oct 23, 2024: actual 2,713, estimate 2,700, surprise +0.48%, Beat. Q2 2025, reported Apr 21, 2025: actual 2,952, estimate 2,674, surprise +10.40%, Beat. Q4 2025, reported Oct 22, 2025: actual 2,958, estimate 2,908, surprise +1.72%, Beat. Q2 2026, reported Apr 20, 2026: actual 2,847, estimate 2,511, surprise +13.38%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 2,504, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.96B5.06B4.17B3.27BQ2 '23BeatQ4 '23BeatQ2 '24BeatQ4 '24BeatQ2 '25BeatQ4 '25BeatQ2 '26BeatQ4 '26Estimate
Q2 2023, reported Apr 21, 2023: actual 3.61B JPY, estimate 3.5B JPY, surprise +3.20%, Beat. Q4 2023, reported Oct 23, 2023: actual 3.89B JPY, estimate 3.78B JPY, surprise +2.94%, Beat. Q2 2024, reported Apr 19, 2024: actual 3.89B JPY, estimate 3.86B JPY, surprise +0.91%, Beat. Q4 2024, reported Oct 23, 2024: actual 4.4B JPY, estimate 4.33B JPY, surprise +1.62%, Beat. Q2 2025, reported Apr 21, 2025: actual 5.33B JPY, estimate 4.92B JPY, surprise +8.33%, Beat. Q4 2025, reported Oct 22, 2025: actual 5.6B JPY, estimate 5.51B JPY, surprise +1.56%, Beat. Q2 2026, reported Apr 20, 2026: actual 5.56B JPY, estimate 5.11B JPY, surprise +8.85%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 5.73B JPY, surprise —, Comparison unavailable.

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ETFs holding 3492.T

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
6.67M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
5.1M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
3.17M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
1.91M
Weight
0.05%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
1.81M
Weight
0.01%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.67M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
1.35M
Weight
0.03%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.02-0.21%
Dimensional - Global Real Estate ETF logoDimensional - Global Real Estate ETFDFGR
Market value
1.07M
Weight
0.03%
AUM
3.85B USD
Expense ratio
0.22%
Price / 1D
$29.46-0.20%

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