MIRAI (TSE:3476) Retained Earnings : 円2,448 Mil (As of Apr. 2023)

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What is MIRAI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MIRAI's retained earnings for the quarter that ended in Apr. 2023 was 円2,448 Mil.

MIRAI's quarterly retained earnings declined from Apr. 2022 (円2,597 Mil) to Oct. 2022 (円2,328 Mil) but then increased from Oct. 2022 (円2,328 Mil) to Apr. 2023 (円2,448 Mil).

MIRAI's annual retained earnings declined from Oct. 2020 (円2,916 Mil) to Oct. 2021 (円2,623 Mil) and declined from Oct. 2021 (円2,623 Mil) to Oct. 2022 (円2,328 Mil).

MIRAI Retained Earnings Historical Data

The historical data trend for MIRAI's Retained Earnings 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.

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MIRAI Retained Earnings Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Retained Earnings

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1,984.19

2,964.82

2,915.63

2,623.33

2,328.12

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Retained Earnings	Get a 7-Day Free Trial									2,538.12	2,623.33	2,597.36	2,328.12	2,448.20

MIRAI Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

MIRAI (TSE:3476) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Retained Earnings

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Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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