Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Japan Experts, Extraordinary Performance

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Equity Bottom-Up

<ul>
<li>FP10/24 results exceeded company guidance for net operating income (NOI) and dividend per unit (DPU).</li>
<li>The notable improvement of NOI (+11.6% vs. FP10/23, +4.8% vs FP4/24) is attributable to a lower expense ratio than initial expectations (actual 32.5%, guidance 34.0%) due to lower rental business expenses and repair costs, higher variable rent on the back of a strong tailwind in the hotel sector (actual ¥173 million vs. guidance ¥149 million), and other one-off rental income.</li>
<li>Other expenses such as outsourcing costs and utility bills were well controlled, reflecting MIRAI’s asset management ability. </li>
</ul>


FP10/24 results exceeded company guidance for net operating income (NOI) and dividend per unit (DPU).
The notable improvement of NOI (+11.6% vs. FP10/23, +4.8% vs FP4/24) is attributable to a lower expense ratio than initial expectations (actual 32.5%, guidance 34.0%) due to lower rental business expenses and repair costs, higher variable rent on the back of a strong tailwind in the hotel sector (actual ¥173 million vs. guidance ¥149 million), and other one-off rental income.
Other expenses such as outsourcing costs and utility bills were well controlled, reflecting MIRAI’s asset management ability. 


MIRAI Corporation (3476) - Stringent Cost Control and Expansion of Variable Rents for Hotels

Japan

MIRAI Corporation operates as a real estate investment trust. The Company invests in office and commercial buildings and hotels. MIRAI serves customers in Japan.

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Mirai Corp (3476 JP)

MIRAI Corporation (3476) - Stringent Cost Control and Expansion of Variable Rents for Hotels

The notable improvement of NOI (+11.6% vs. FP10/23, +4.8% vs FP4/24) is attributable to a lower expense ratio than initial expectations (actual...

Astris Advisory Japan

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