MIRAI (TSE:3476) EBIT: 円5,807 Mil (TTM As of Oct. 2025)

What is MIRAI EBIT?

MIRAI TSE:3476 +0.12% 56 EBIT is 円5,807 Mil as of Oct. 2025. GuruFocus rates TSE:3476 with a GF Score™ of 56/100 and a GF Value™ of 円52,701.84 (Modestly Undervalued). The stock has 7 warning signs investors should review.

MIRAI's earnings before interest and taxes (EBIT) for the six months ended in Oct. 2025 was 円2,877 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Oct. 2025 was 円5,807 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MIRAI's annualized ROC % for the quarter that ended in Oct. 2025 was 3.08%. MIRAI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 3.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MIRAI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 3.41%.

MIRAI (TSE:3476) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MIRAI's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

	ROC % (Q: Oct. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Apr. 2025 )	+	Invested Capital (Q: Oct. 2025 ))	/ count )
=	5857.698 * ( 1 - 0.02% )	/	( (190376.372	+	189862.003)	/ 2 )
=	5856.5264604	/	190119.1875
=	3.08 %

where

	Invested Capital		(Q: Apr. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	188410.774	-	1545.373	-	( 4172.834	-	max(0, 10788.91	-	7277.939	+	4172.834	))
=	190376.372

	Invested Capital		(Q: Oct. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	190792.967	-	1492.692	-	( 3982.933	-	max(0, 7837.256	-	7275.528	+	3982.933	))
=	189862.003

Note: The Operating Income data used here is two times the semi-annual (Oct. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

MIRAI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Oct. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Apr. 2025		Q: Oct. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	5754.65	/	( ( (180018.211 + max(816.195, 0))	+	(182398.263 + max(955.339, 0)) )	/	2 )
=	5754.65	/	( ( 180834.406	+	183353.602 )	/	2 )
=	5754.65	/	182094.004
=	3.16 %

where Working Capital is:

	Working Capital		(Q: Apr. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(286.193	+	0	+	2818.912)	-	(1545.373	+	0	+	743.537)
=	816.195

	Working Capital		(Q: Oct. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(243.63	+	0	+	3048.965)	-	(1492.692	+	0	+	844.564)
=	955.339

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Oct. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

MIRAI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Oct. 2025 )
	=	5806.501	/	170034.175
	=	3.41 %

* 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 EBIT Related Terms

MIRAI EBIT Historical Data

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The historical data trend for MIRAI's EBIT can be seen below:

MIRAI EBIT Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

EBIT

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4,633.73

5,031.87

5,180.10

5,282.60

5,806.50

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
EBIT	Get a 7-Day Free Trial														2,414.88	2,561.23	2,721.37	2,929.18	2,877.33

TSE:3476 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, MIRAI's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, MIRAI's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MIRAI's EV-to-EBIT falls into.

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56GF Score

MIRAI Corp TSE:3476

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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MIRAI EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円5,807 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of 円5,807 Mil mean?

MIRAI (TSE:3476) has a EBIT of 円5,807 Mil as of Oct. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MIRAI.

Is MIRAI's EBIT too high?

MIRAI's current EBIT is 円5,807 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 EBIT compare to VICI and WPC?

MIRAI's EBIT of 円5,807 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 EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MIRAI. MIRAI's current EBIT is 円5,807 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52,701.84, compared to a current price of 円41,950.00 — trading 20.4% below its estimated fair value. The current EBIT is 円5,807 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 EBIT calculated?

EBIT is calculated from a company's financial statements. For MIRAI (TSE:3476), the current EBIT is 円5,807 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52,701.84. GuruFocus considers MIRAI to be Modestly Undervalued.

Key valuation signals for TSE:3476:

EBIT: 円5,807 Mil
GF Value™: 円52,701.84 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 Estate REITs

Comparable Companies TSE:3492 TSE:3487 TSE:8977 TSE:3451 TSE:2989 TSE:3470 TSE:3488 TSE:3468 TSE:8968 TSE:8957 ASX:GMG VICI WPC BSP:HSRE11 ASX:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11

Address 3-2-1 Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website https://www.3476.jp

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

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

円41,950.00

Price

円52,701.84

GF Value

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