Miratap (TSE:3187) Construction In Progress: 円36 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3187 Miratap Inc TSE:3187
64 GF Score
Price 円359.00
GF Value 円392.56
Valuation Fairly Valued
! 8 Warning Signs
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What is Miratap Construction In Progress?

Miratap TSE:3187 -0.28% 64 Construction In Progress is 円36 Mil as of Mar. 2026. GuruFocus rates TSE:3187 with a GF Score™ of 64/100 and a GF Value™ of 円392.56 (Fairly Valued). The stock has 8 warning signs investors should review.

Miratap's quarterly construction in progress declined from Sep. 2025 (円4 Mil) to Dec. 2025 (円0 Mil) but then increased from Dec. 2025 (円0 Mil) to Mar. 2026 (円36 Mil).

Miratap's annual construction in progress increased from Sep. 2023 (円26 Mil) to Sep. 2024 (円316 Mil) but then declined from Sep. 2024 (円316 Mil) to Sep. 2025 (円4 Mil).

Miratap Construction In Progress Historical Data

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The historical data trend for Miratap's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Miratap Construction In Progress Chart

Miratap Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.01 4.52 26.38 315.85 3.74

Miratap Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 3.74 0.00 36.04 9.68
TSE:3187
64GF Score
Miratap Inc TSE:3187
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Miratap Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円36 Mil mean?
Miratap (TSE:3187) has a Construction In Progress of 円36 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Miratap and its competitors.
Is Miratap's Construction In Progress too high?
Miratap's current Construction In Progress is 円36 Mil. Overall, Miratap has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Miratap's Construction In Progress compare to AMZN and BABA?
Miratap's Construction In Progress of 円36 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Retail - Cyclical company?
A good Construction In Progress depends on the Retail - Cyclical industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Miratap and its competitors. Miratap's current Construction In Progress is 円36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miratap stock overvalued right now?
Based on GuruFocus' analysis, Miratap (TSE:3187) is currently considered Fairly Valued. The stock's GF Value™ is 円392.56, compared to a current price of 円359.00 — trading 8.5% below its estimated fair value. The current Construction In Progress is 円36 Mil. Miratap's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Miratap (TSE:3187), the current Construction In Progress is 円36 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Miratap (TSE:3187) Overvalued in 2026?

Based on GuruFocus' analysis, Miratap stock appears to be undervalued. The current stock price of 円359.00 is trading 8.5% below its estimated GF Value™ of 円392.56. GuruFocus considers Miratap to be Fairly Valued.

Key valuation signals for TSE:3187:

  • Construction In Progress: 円36 Mil
  • GF Value™: 円392.56 vs. price of 円359.00 (8.5% below fair value)
  • GF Score™: 64/100 with 8 warning signs

No single metric tells the full story. See the TSE:3187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Miratap Business Description

Address 5-54 Ofukacho, Kita-ku, Osaka, JPN, 541-0041
Miratap Inc is an online retailer that offers housing equipment and building materials. It offers products related to kitchen, bathroom, flooring, interior building materials, exterior building materials, maintenance construction materials, and others. The Company has two reportable segments: the "Housing Equipment and Building Materials E-Commerce Business" and the "Housing Business".
64GF Score

Get the complete analysis for TSE:3187

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円359.00
Price
円392.56
GF Value