MIRAITSE:3476 +0.12%56 Days Payable is 55.32 as of Oct. 2025, which is 17% above its 10-year median of 47.48. 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. Among 547 REITs companies, MIRAI ranks worse than 77.88% on this metric.
MIRAI's average Accounts Payable for the
six
months ended in Oct. 2025 was 円730 Mil. MIRAI's Cost of Goods Sold for the
six
months ended in Oct. 2025 was 円2,409 Mil.
Hence, MIRAI's Days Payable for the
six
months ended in Oct. 2025 was 55.32.
The historical rank and industry rank for MIRAI's Days Payable or its related term are showing as below:
TSE:3476'
s Days Payable Range Over the Past 10 Years
Min: 35.02 Med: 47.48 Max: 63.65
Current: 36.75
During the past 10 years, MIRAI's highest Days Payable was 63.65. The lowest was 35.02. And the median was 47.48.
TSE:3476's Days Payable is ranked worse than 77.88% of 547
companies
in the REITs industry
Industry Median: 119.42
vs TSE:3476: 36.75
MIRAI's Days Payable
increased
from Oct. 2024 (43.60) to Oct. 2025 (55.32).
It may suggest that MIRAIdelayed paying its suppliers.
MIRAI Days Payable Related Terms
MIRAI Days Payable Historical Data
* Premium members only.
The historical data trend for MIRAI's Days Payable 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.
For the REIT - Diversified subindustry, MIRAI's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MIRAI Days Payable vs REITs Industry
For the REITs industry and Real Estate sector, MIRAI's Days Payable distribution charts can be found below:
* The bar in red indicates where MIRAI's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
MIRAI's Days Payable for the fiscal year that ended in Oct. 2025 is calculated as
* 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 (TSE:3476) has a Days Payable of 55.32 as of Oct. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MIRAI and its competitors. This is 17% above median its historical median of 47.48. Over the past decade, MIRAI's Days Payable has ranged from 35.02 to 63.65. According to the industry distribution chart, MIRAI ranks #426 out of 547 companies in the REITs industry, placing it in the top 77.9%.
Is MIRAI's Days Payable too high?
MIRAI's current Days Payable of 55.32 is 17% above median its 10-year median of 47.48. Over the past 10 years, this metric has ranged from a low of 35.02 to a high of 63.65. The REITs industry median Days Payable is 119.42. MIRAI's value of 55.32 is 53.7% below this industry median. Based on the distribution chart, MIRAI ranks #426 out of 547 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #426 out of 547 companies for Days Payable. This places MIRAI in the lower half of its industry. The industry median Days Payable is 119.42. MIRAI's value of 55.32 is 53.7% below this benchmark. Historically, MIRAI's own Days Payable has ranged from 35.02 to 63.65 over the past decade. While the company's 10-year median is 47.48 vs. the industry median of 119.42, MIRAI has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.42, based on 547 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRAI's current Days Payable of 55.32 is 53.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MIRAI and its competitors. For the REITs industry, the median Days Payable is 119.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current Days Payable is 55.32, which is 17% above median its own 10-year median of 47.48. 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 Days Payable is 55.32, which is 17% above median its 10-year median of 47.48 and 53.7% below the REITs industry median of 119.42. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For MIRAI (TSE:3476), the current Days Payable is 55.32 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:
Days Payable: 55.32 (17% above median its 10-year median of 47.48)
GF Value™: 円52,711.35 vs. price of 円41,950.00 (20.4% below fair value)
Industry Position: 53.7% below the REITs median (#426 of 547)
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 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
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