MIRAIT ONE (1417) Q4 2025 earnings summary

Executive summary

• Achieved record highs in orders received, net sales, and EBITDA for FY2024, with strong growth across core and future-focused business domains, particularly in data centers, cloud, and green energy sectors.

• Significant progress in business transformation, profitability, and ESG initiatives, supporting the Group Vision 2030.

• Extraordinary income from asset sales and extraordinary losses from liquidation of global-related companies impacted results.

Financial highlights

• Orders received rose to ¥629.2B (+14.6% YoY), net sales reached ¥578.6B (+11.6% YoY), and EBITDA increased to ¥41.7B (+48.9% YoY).

• Operating income grew to ¥28.0B (+57.3% YoY), and net income climbed to ¥17.2B (+37.6% YoY).

• Gross profit increased to ¥84.85B from ¥61.78B YoY, with margin improving to 14.7% from 11.9% YoY.

• Operating profit margin improved to 4.8%, and ROE reached 6.7%.

• Net assets rose to ¥269.88B, equity ratio at 48.6%, and cash and cash equivalents at year-end were ¥51.35B.

Outlook and guidance

• FY2025 forecast: orders received ¥630.0B, net sales ¥620.0B, gross profit ¥93.0B (margin 15.0%), EBITDA ¥48.0B (margin 7.7%), operating income ¥34.0B (margin 5.5%), net income ¥21.0B.

• For FY2026, net sales are forecast at ¥620.0B (+7.2% YoY), operating profit at ¥34.0B (+21.5%), and net income at ¥21.0B (+22.2%).

• Continued focus on green energy, civil engineering, and ICT solutions expected to drive growth.

• Orders received are projected at ¥630.0B (+0.1% YoY).