MIRARTH Real Estate Investment Corporation [3492.T]
TOKYO, Apr 20 (Pulse News Wire) – MIRARTH Real Estate Investment Corporation (3492.T) reported a decline in operating revenue for the fiscal year ending February 2026 compared to the previous period. Operating revenue was ¥5.562 billion, marking a decrease of 0.6%.
Despite this, ordinary profit stood at ¥3.321 billion, down from ¥5.595 billion in the prior period. For the same period, net income decreased to ¥2.593 billion from ¥2.695 billion previously. On a per-share basis, net income was ¥47.2 million, representing a drop from ¥49.7 million in the last reporting period. Additionally, the company's total assets amounted to ¥192.3 billion, while equity reached ¥90.44 billion, maintaining a capital adequacy ratio of ¥47 million%. Looking ahead, MIRARTH expects its operations to stabilize in the coming quarters.
For the eight-month period ending August 2026, the company anticipates a slight recovery in operating revenue to ¥5.706 billion, with net income forecast at ¥4.8 million per share. However, for the subsequent two-month period ending February 2027, net income is projected to increase slightly to ¥2.551 billion per share. In addition, the company completed the issuance of new investment units totaling 97,541 shares through public offering and 4,877 shares via private placement, raising funds amounting to ¥8.559 billion. These proceeds were partially allocated towards acquiring domestic real estate trust beneficiary rights and associated costs. MIRARTH also disclosed plans for significant capital expenditures during the upcoming fiscal period, primarily focusing on maintenance and renovation projects across various properties.
Notably, major works include roof waterproofing updates and electrical equipment upgrades, expected to cost up to 84,439 million yen in total.
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