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TYO:3476

2 stories mentioning TYO:3476Updated 1d ago

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Asia

Mirai's Six-Month Net Profit Up 4%

Mirai's (TYO:3476) net profit rose 4% to 2.57 billion yen for the six months ended April 30 from 2.47 billion yen in the previous half-year period.The REIT's net profit per unit increased to 1,349 yen from 1,297 yen the previous six-month period, according to a Tokyo bourse filing on Wednesday.Operating revenue gained 2.2% to 6.11 billion yen from 5.98 billion yen in the prior half-year period.Mirai declared a distribution of 1,349 yen per share, payable from July 16.For the fiscal period ending October, the REIT expects net profit of 2.46 billion yen and operating revenue of 6.21 billion yen.For the fiscal period ending April 2027, Mirai forecasts net profit of 2.34 billion yen and operating revenue of 6.04 billion yen.Mirai plans to pay dividends of 1,290 yen per share for the October 2026 period and 1,225 yen per share for the April 2027 period.

TYO:3476
Asia

Mirai Reports Higher Hotel Revenue and Occupancy for March

Mirai (TYO:3476) reported higher hotel revenue and occupancy for March as domestic and inbound travel demand strengthened, according to a Friday filing on the Tokyo Stock Exchange.Revenue across its five variable-rent Smile Hotels rose 15% to 218 million yen for the month, while occupancy reached 93%, up 3% from a year earlier. Average daily rate climbed 11% to 9,769 yen, and revenue per available room increased 14% to 9,090 yen.For the fiscal period ending April 2026, revenue grew 9% to 986 million yen, with occupancy at 89%, ADR at 9,441 yen, and RevPAR at 8,413 yen, all showing gains from the prior year.The company said spring travel demand, including cherry blossom season and holiday-related trips, drove performance across all five properties.

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