Real Estate Investment and Services

MIRAI Corporation

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3476

Mirai Industry Co., Ltd. has corrected its consolidated financial results for the fiscal year ending March 20, 2026, due to an error in the cost of goods sold ratio affecting intercompany transactions. The company emphasized the importance of accurate financial reporting in accordance with Japanese GAAP. While the adjustments do not reflect changes in business performance, they may lead investors to scrutinize the company's internal controls over financial consolidation. Mirai Industry is a Japanese manufacturer listed on the Tokyo and Nagoya stock exchanges, focusing on industrial and electrical products.

Tip Ranks

Mirai Works, Inc.

Mirai Industry Corrects Consolidated Financial Results After COGS Error

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Co-founders Dima Shvets and Alexey Moiseenkov of Mirai are enhancing on-device AI model inference, focusing on improving performance on consumer hardware like phones and laptops. Backed by a $10 million seed round, Mirai aims to optimize AI tasks with a user-friendly SDK for developers. Their engine, built in Rust, reportedly increases model generation speed by up to 37%. The startup plans to support Android and release benchmarks for on-device performance, while also developing a mixed operation mode to handle requests that exceed device capabilities. Investors include notable figures from the tech industry.

TechCrunch

Mirait Holdings Corporation

Co-founders behind Reface and Prisma join hands to improve on-device model inference with Mirai

MIRAI Corporation (JP:3476) reported strong financial results for the 17th fiscal period ending October 2024, with increases in distribution per unit and net asset value per unit. The company achieved high occupancy rates in office spaces and record rents in hotel properties, reflecting operational efficiency and demand. MIRAI maintains a solid financial position, supported by lender relationships and a focus on ESG, earning 4 Stars in the GRESB assessment. The company aims to enhance its market position through strategic asset management and growth in property value, with a current market cap of Yen76.87B.

Flexshares Stoxx US ESG Select Index Fd

Strong

Solid Biosciences

MIRAI Corporation Reports Robust Financial Results and Strategic Portfolio Growth

MIRAI Corporation (JP:3476) reported strong financial performance for its variable rent hotel assets in November 2024, driven by increased domestic and inbound travel. Notable hotels, Smile Hotel Hakataeki-Mae and Smile Hotel Kyoto Karasumagojo, exceeded rent forecasts across all five properties. This performance highlights a thriving hospitality sector benefiting from seasonal travel and events.

ING Groep

MIRAI Corporation’s Hotels Surpass Financial Expectations

MIRAI Corporation(3476.JP)

Mirai Industry Corrects Consolidated Financial Results After COGS Error

Co-founders behind Reface and Prisma join hands to improve on-device model inference with Mirai

MIRAI Corporation Reports Robust Financial Results and Strategic Portfolio Growth

MIRAI Corporation’s Hotels Surpass Financial Expectations