MIRAI (TSE:3476) Dividend Payout Ratio: 0.99 (As of Oct. 2025) — Near Median

MIRAI TSE:3476 +0.12% 56 Dividend Payout Ratio is 0.99 as of Oct. 2025, which is at its 10-year median of 0.99. 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 711 REITs companies, MIRAI ranks worse than 50.91% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. MIRAI's Dividend Payout Ratio for the months ended in Oct. 2025 was 0.99.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MIRAI Corp is 1.00, which seems too high.

The historical rank and industry rank for MIRAI's Dividend Payout Ratio or its related term are showing as below:

TSE:3476' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.86 Med: 0.99 Max: 1.01
Current: 1

During the past 10 years, the highest Dividend Payout Ratio of MIRAI was 1.01. The lowest was 0.86. And the median was 0.99.

TSE:3476's Dividend Payout Ratio is ranked worse than
50.91% of 711 companies
in the REITs industry
Industry Median: 0.99 vs TSE:3476: 1.00

As of today (2026-07-11), the Dividend Yield % of MIRAI is 6.30%.

During the past 10 years, the highest Trailing Annual Dividend Yield of MIRAI was 10.36%. The lowest was 4.31%. And the median was 5.56%.

MIRAI's Dividends per Share for the months ended in Oct. 2025 was 円1,289.00.

During the past 12 months, MIRAI's average Dividends Per Share Growth Rate was 9.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.20% per year.

During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of MIRAI was 12.30% per year. The lowest was -5.50% per year. And the median was -2.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

MIRAI (TSE:3476) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

MIRAI Dividend Payout Ratio Related Terms

MIRAI Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for MIRAI's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Oct25

Dividend Payout Ratio

Get a 7-Day Free Trial

1.00

0.99

0.97

0.98

1.00

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24	Apr25	Oct25
Dividend Payout Ratio	Get a 7-Day Free Trial														1.00	0.97	1.00	1.01	0.99

TSE:3476 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, MIRAI's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, MIRAI's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MIRAI's Dividend Payout Ratio falls into.

Save Embed

56GF Score

MIRAI Corp TSE:3476

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

MIRAI Dividend Payout Ratio Calculation

MIRAI's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2025 )	/	EPS without NRI (A: Oct. 2025 )
	=	2646	/	2645
	=	1.00

MIRAI's Dividend Payout Ratio for the quarter that ended in Oct. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Oct. 2025 )	/	EPS without NRI (Q: Oct. 2025 )
	=	1289	/	1297
	=	0.99

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.99 mean?

MIRAI (TSE:3476) has a Dividend Payout Ratio of 0.99 as of Oct. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MIRAI and its competitors. This is near median its historical median of 0.99. Over the past decade, MIRAI's Dividend Payout Ratio has ranged from 0.86 to 1.01. According to the industry distribution chart, MIRAI ranks #362 out of 711 companies in the REITs industry, placing it in the top 50.9%.

Is MIRAI's Dividend Payout Ratio too high?

MIRAI's current Dividend Payout Ratio of 0.99 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.01. The REITs industry median Dividend Payout Ratio is 0.99. MIRAI's value of 0.99 is 0% at this industry median. Based on the distribution chart, MIRAI ranks #362 out of 711 companies in the REITs industry, which is below the industry midpoint. 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 Dividend Payout Ratio compare to VICI and WPC?

According to the REITs industry distribution chart, MIRAI ranks #362 out of 711 companies for Dividend Payout Ratio. This places MIRAI in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. MIRAI's value of 0.99 is 0% at this benchmark. Historically, MIRAI's own Dividend Payout Ratio has ranged from 0.86 to 1.01 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.99, MIRAI has consistently been at 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 711 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRAI's current Dividend Payout Ratio of 0.99 is 0% at 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MIRAI and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current Dividend Payout Ratio is 0.99, which is near median its own 10-year median of 0.99. 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 Dividend Payout Ratio is 0.99, which is near median its 10-year median of 0.99 and 0% at the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For MIRAI (TSE:3476), the current Dividend Payout Ratio is 0.99 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:

Dividend Payout Ratio: 0.99 (near median its 10-year median of 0.99)
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
Industry Position: 0% at the REITs median (#362 of 711)

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

Dividend Payout Ratio 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

View TSE:3476 Analysis

See Dividend Payout Ratio data for all stocks →