MIRAIT ONE Corporation (TSE: 1417), a major engineering and construction group for communications and social infrastructure, reported strong full-year results for the fiscal year ended March 2026, disclosing on May 12, 2026 that consolidated revenue rose 4.1% year-on-year to ¥602,377 million. Operating profit jumped 22.4% to ¥34,267 million, ordinary profit climbed 32.9% to ¥36,517 million, and net profit attributable to owners of the parent surged 35.5% to ¥23,282 million, up from ¥17,179 million a year earlier. Earnings per share rose to ¥261.74 from ¥189.40.
The sharply higher profit relative to a moderate top-line gain reflects improved project profitability and operating leverage across the group's engineering businesses. The operating margin widened to roughly 5.7% of revenue, while return on equity reached 8.6% — pointing to disciplined cost control and a richer mix of higher-value infrastructure and ICT-solution work during the year.
Building communications and social infrastructure
MIRAIT ONE is a major engineering and construction group serving communications and social infrastructure — designing and building telecom networks (mobile, fixed and fiber), alongside civil, electrical and ICT-solution work spanning digital transformation (DX), data-center and green-energy projects. Its core customer base includes NTT and the major mobile carriers, but the group has been steadily widening its enterprise and public-sector client base, diversifying away from dependence on a single carrier's capital-expenditure cycle. The combination of resilient network-build demand and growth in higher-margin ICT solutions drove the year's profit acceleration.
Balance sheet and dividend strengthen
Total assets stood at ¥573,393 million at year-end, with net assets of ¥288,447 million and an equity ratio of 48.7%, pointing to a conservatively financed balance sheet and a book value per share of ¥3,151.61. Operating cash flow reached ¥24,081 million. Reflecting the stronger result, MIRAIT ONE raised its annual dividend for FY2026 to ¥85.00 per share (¥40 interim + ¥45 year-end), for total distributions of ¥7,574 million and a payout ratio of 32.5%.
FY2027 guidance points to continued growth
For the fiscal year ending March 2027, MIRAIT ONE guides for revenue of ¥660,000 million (+9.6%), operating profit of ¥40,000 million (+16.7%), ordinary profit of ¥40,000 million (+9.5%) and net profit of ¥25,500 million (+9.5%), equivalent to EPS of ¥290.79. The company also plans a further dividend increase to ¥95.00 (¥45 interim + ¥50 year-end). The guidance signals management's confidence that demand for communications and social-infrastructure construction, together with the expanding ICT-solution and green-energy businesses, will sustain double-digit revenue growth and continued margin gains.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥ million) | 602,377 | 578,599 | +4.1% |
| Operating profit (¥ million) | 34,267 | 27,985 | +22.4% |
| Ordinary profit (¥ million) | 36,517 | 27,470 | +32.9% |
| Net profit (¥ million) | 23,282 | 17,179 | +35.5% |
| EPS (¥) | 261.74 | 189.40 | +38.2% |
| ROE | 8.6% | — | — |
| Total assets (¥ million) | 573,393 | — | — |
| Net assets (¥ million) | 288,447 | — | — |
| Equity ratio | 48.7% | — | — |
| Annual dividend (¥) | 85.00 | — | — |
| FY2027 guidance — revenue (¥ million) | 660,000 | — | +9.6% |
| FY2027 guidance — operating profit (¥ million) | 40,000 | — | +16.7% |
| FY2027 guidance — net profit (¥ million) | 25,500 | — | +9.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.