MIRAI (TSE:3476) Construction In Progress: 円527 Mil (As of Oct. 2025)


TSE:3476 MIRAI Corp TSE:3476
56 GF Score
Price 円41,950.00
GF Value 円52,711.35
Valuation Modestly Undervalued
! 7 Warning Signs
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What is MIRAI Construction In Progress?

MIRAI TSE:3476 +0.12% 56 Construction In Progress is 円527 Mil as of Oct. 2025. GuruFocus rates TSE:3476 with a GF Score™ of 56/100 and a GF Value™ of 円52,711.35 (Modestly Undervalued). The stock has 7 warning signs investors should review.

MIRAI's quarterly construction in progress increased from Oct. 2024 (円179 Mil) to Apr. 2025 (円387 Mil) and increased from Apr. 2025 (円387 Mil) to Oct. 2025 (円527 Mil).

MIRAI's annual construction in progress increased from Oct. 2023 (円0 Mil) to Oct. 2024 (円179 Mil) and increased from Oct. 2024 (円179 Mil) to Oct. 2025 (円527 Mil).

MIRAI Construction In Progress Historical Data

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The historical data trend for MIRAI'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.

MIRAI Construction In Progress Chart

MIRAI Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.69 0.21 0.00 178.97 527.42

MIRAI Semi-Annual Data
May16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 0.00 0.00 178.97 387.16 527.42
TSE:3476
56GF Score
MIRAI Corp TSE:3476
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MIRAI 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527 Mil mean?
MIRAI (TSE:3476) has a Construction In Progress of 円527 Mil as of Oct. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on MIRAI and its competitors.
Is MIRAI's Construction In Progress too high?
MIRAI's current Construction In Progress is 円527 Mil. Overall, MIRAI has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRAI's Construction In Progress compare to VICI and WPC?
MIRAI's Construction In Progress of 円527 Mil can be compared against companies in the REITs 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 REITs company?
A good Construction In Progress depends on the REITs 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 MIRAI and its competitors. MIRAI's current Construction In Progress is 円527 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRAI stock overvalued right now?
Based on GuruFocus' analysis, MIRAI (TSE:3476) is currently considered Modestly Undervalued. The stock's GF Value™ is 円52,711.35, compared to a current price of 円41,950.00 — trading 20.4% below its estimated fair value. The current Construction In Progress is 円527 Mil. MIRAI's overall GF Score™ is 56/100 with 7 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 MIRAI (TSE:3476), the current Construction In Progress is 円527 Mil as of Oct. 2025. 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 MIRAI (TSE:3476) Overvalued in 2026?

Based on GuruFocus' analysis, MIRAI stock appears to be undervalued. The current stock price of 円41,950.00 is trading 20.4% below its estimated GF Value™ of 円52,711.35. GuruFocus considers MIRAI to be Modestly Undervalued.

Key valuation signals for TSE:3476:

  • Construction In Progress: 円527 Mil
  • GF Value™: 円52,711.35 vs. price of 円41,950.00 (20.4% below fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the TSE:3476 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MIRAI Business Description

Industry Real EstateREITs
Address 3-2-1 Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065
MIRAI Corp is a Japanese real estate investment trust. The company invests in a diversified portfolio of real estate properties, including office buildings, retail properties, and hotels.
56GF Score

Get the complete analysis for TSE:3476

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

円41,950.00
Price
円52,711.35
GF Value