MIRAITSE:3476 +0.12%56 Gross Margin % is 59.69% as of Oct. 2025, which is 5% above its 10-year median of 57.11. 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. Among 679 REITs companies, MIRAI ranks worse than 84.98% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. MIRAI's Gross Profit for the
six
months ended in Oct. 2025 was 円3,568 Mil. MIRAI's Revenue for the
six
months ended in Oct. 2025 was 円5,978 Mil. Therefore, MIRAI's Gross Margin % for the quarter that ended in Oct. 2025 was 59.69%.
Warning Sign:
MIRAI Corp gross margin has been in long-term decline. The average rate of decline per year is -3.2%.
The historical rank and industry rank for MIRAI's Gross Margin % or its related term are showing as below:
TSE:3476'
s Gross Margin % Range Over the Past 10 Years
Min: 49.94 Med: 57.11 Max: 61.53
Current: 49.95
During the past 10 years, the highestGross Margin % of MIRAI was 61.53%. The lowest was 49.94%. And the median was 57.11%.
TSE:3476's Gross Margin % is ranked worse than 84.98% of 679
companies
in the REITs industry
Industry Median: 69.79
vs TSE:3476: 49.95
MIRAI had a gross margin of 59.69% for the quarter that ended in Oct. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MIRAI was -3.20% per year.
MIRAI (TSE:3476) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
MIRAI had a gross margin of 59.69% for the quarter that ended in Oct. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
MIRAI Gross Margin % Related Terms
MIRAI Gross Margin % Historical Data
* Premium members only.
The historical data trend for MIRAI's Gross Margin % 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 Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, MIRAI's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MIRAI's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
MIRAI (TSE:3476) has a Gross Margin % of 59.69% as of Oct. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on MIRAI and its competitors. This is near median its historical median of 57.11. Over the past decade, MIRAI's Gross Margin % has ranged from 49.94 to 61.53. According to the industry distribution chart, MIRAI ranks #577 out of 679 companies in the REITs industry, placing it in the top 85%.
Is MIRAI's Gross Margin % too high?
MIRAI's current Gross Margin % of 59.69% is near median its 10-year median of 57.11. Over the past 10 years, this metric has ranged from a low of 49.94 to a high of 61.53. The REITs industry median Gross Margin % is 69.79. MIRAI's value of 59.69% is 14.5% below this industry median. Based on the distribution chart, MIRAI ranks #577 out of 679 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 Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #577 out of 679 companies for Gross Margin %. This places MIRAI in the lower half of its industry. The industry median Gross Margin % is 69.79. MIRAI's value of 59.69% is 14.5% below this benchmark. Historically, MIRAI's own Gross Margin % has ranged from 49.94 to 61.53 over the past decade. While the company's 10-year median is 57.11 vs. the industry median of 69.79, 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.79, based on 679 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRAI's current Gross Margin % of 59.69% is 14.5% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on MIRAI and its competitors. For the REITs industry, the median Gross Margin % is 69.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current Gross Margin % is 59.69%, which is near median its own 10-year median of 57.11. 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 Gross Margin % is 59.69%, which is near median its 10-year median of 57.11 and 14.5% below the REITs industry median of 69.79. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For MIRAI (TSE:3476), the current Gross Margin % is 59.69% 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:
Gross Margin %: 59.69% (near median its 10-year median of 57.11)
GF Value™: 円52,701.84 vs. price of 円41,950.00 (20.4% below fair value)
Industry Position: 14.5% below the REITs median (#577 of 679)
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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