Dialogue with shareholders | IR information | MIRAIT ONE Corporation

Dialogue with shareholders

IR activities

The Company holds two earnings briefings each year (for the 2nd and 4th quarters) for analysts and institutional investors. Videos of the earnings briefings are provided on the website, etc.
The Company endeavors to provide important information to overseas institutional investors in English in a timely manner.

FY 2024

One on One Japan Overseas Total
First Half 48 5 53
Second Half 55 19 74
Total 103 24 127

※Excludes inquiries by phone and email
Meeting to : analysts (sell-side/buy-side), fund managers, etc. Our side : IR Department (CEO,CFO and COO participate in some)

SR Meeting Japan Overseas Total
Total 9 9

Meeting to : Stewardship section (Responsible Investment Department, etc.) Our Side : IR(CFO participate in some), ESG Management Promotion, Human Resources, PR, General Affairs, etc

(Reference)
Debt IR Japan Overseas Total
First Half 10 10

Meeting to : Fixed Income Management Section(Credit Analyst) Our Side : IR, Finance

Financial results briefing for analysts
2Q event date Nov 21, 2024
participant 41
Archive viewer Japan : 777
overseas : 84
4Q event date May 17, 2024
participant 31
Archive viewer Japan : 762
overseas : 66
Briefing session for individual investor
First half event date Sep 21, 2024
participant 714
Archive viewer 579
Second half event date Dec 9,2024
participant 2,000
Archive viewer 528
event date Mar 19,2025
participant 713
Archive viewer 872

FY 2025NEW

One on One Japan Overseas Total
First Half 57 11 68
Second Half 60 31 91
Total 116 43 159

※Excludes inquiries by phone and email
Meeting to : analysts (sell-side/buy-side), fund managers, etc. Our side : IR Department (CEO,CFO and COO participate in some)

SR Meeting Japan Overseas Total
Total 10 10

Meeting to : Stewardship section (Responsible Investment Department, etc.) Our Side : IR(CFO participate in some), ESG Management Promotion, Human Resources, PR, General Affairs, etc

Financial results briefing for analysts
2Q event date Nov 21, 2025
participant 38
Archive viewer Japan:839
overseas:98
4Q event date May 15, 2025
participant 51

※For details on the day, please refer to the video materials released on our website.

video materials : https://c-hotline.net/Viewer/Default/6217a07ef206ed5b62fa77213c29b16d818e

Briefing session for individual investor
First half event date Sep 24, 2025
participant 924
Archive viewer 877
Second half event date Mar 13, 2026
participant 2,096
Archive viewer

※as of May 31, 2026

689

Dialogue Interests

Through dialogue with investors, we receive views and questions on various themes such as business performance, medium-term management plans, and business trends.

➀Summary

FY2025 First half(April 2025 ~ September 2025)

theme Opinions and Questions
performance and evaluation
  • Evaluation of financial results, progress for the fiscal year, and future outlook forSG&A
    • -Progress evaluation of full-year plan
    • -Presence or absence of unprofitable projects
  • Current order status, profitability at time of order, Business Environment
Medium-term management plan

Business strategy
  • Path to achieving the target figures for the final year of the medium-term plan
  • Human capital growth strategy(recruiting、development、flow)
  • Shareholder return policy
    (Target range for total return ratio、Approach to additional shareholder returns)
Environmental and Social innovation
  • Performance evaluation of SEIBU CONSTRUCTION and Kokusai Kogyo
    (order status, profit contribution)
ICT solution
  • Current order status, Profit margin status, outlook for this fiscal year
    • -Status of data center-related businesses(Included Global)、Future outlook
    • -Profit contribution from NEXT GIGA School Business
    • -Y2S Co., Ltd. became a consolidated subsidiary
Telecommunications infrastructure domain
  • Evaluation of financial results and outlook for this fiscal year
    • -Reasons for the increase in orders (NTT Docomo), differences from other telecommunications companies
    • -Profit margin status、Outlook for this fiscal year
    • -Current order situation and outlook by carrier (carrier trends)
Others
  • Synergy effects of SEIBU CONSTRUCTION, Kokusai Kogyo
    (amount and period of goodwill amortization)
  • Future M&A strategy (target destination)
  • Business Risk Management Office Operational Status
  • Summary included in financial results supplementary materials

FY2025 Second half(October 2025 ~ March 2026)NEW

theme Opinions and Questions
performance and evaluation
  • Evaluation of financial results and outlook for next fiscal year
    • -Recognition of the fact that performance is heavily concentrated in the fourth quarter.
  • Current order status, profitability at time of order, factors contributing to improved profit margins
Medium-term management plan

Business strategy
  • Path to achieving the target figures for the final year of the medium-term plan
  • Path to ROE target (10% or more) and EPS growth、Capital efficiency improvement measures
  • Human capital growth strategy(recruiting、development、flow)
  • Shareholder return policy(Target range for total return ratio、Approach to additional shareholder returns)
  • Data center business (business status, business scale)
  • M&A strategy
  • Future growth drivers
  • The biggest risk factor for future growth
Environmental and Social innovation
  • Evaluation of financial results and outlook for this fiscal year
    • -Performance evaluation of SEIBU CONSTRUCTION and Kokusai Kogyo
      (order status, profit contribution)
ICT solution
  • Evaluation of financial results and outlook for this fiscal year
    • -Status of data center-related businesses(Included Global)
    • -Business areas to watch outside of data centers
    • -software development and In-house use of AI (including AI coding)
    • -Progress in O&M and managed services following the acquisition of Y2S.
Telecommunications infrastructure domain
  • Evaluation of financial results and outlook for this fiscal year
    • -Outlook for each telecommunications carrier
    • -Profit margin status、Outlook for this fiscal year
    • -Factors contributing to NTT's strong performance
    • -Rakuten business is expected to recover
    • -Future outlook and response plan for metal cable removal work
Others
  • Impressions and challenges since becoming president, and differences from expectations.
  • Synergy effects of the three companies (goodwill amount and amortization period)
  • Forecast of future profit margins excluding goodwill
  • Challenges related to labor shortages
    (capacity, recruitment of new graduates, shift work within the group)

②Questions at Financial results briefing for analysts

November 21, 2025

Questions
Q1
  • Regarding the ICT solutions business,
    • -Difference in profit margins between the first and second halves of the year, full-year outlook
  • Regarding the Environmental & social innovation business,
    • -Sales progress and outlook for the full-year plan
    • -Expected occurrence of projects delayed to the next fiscal year
Q2
  • Regarding the NTT business,
    • -Outlook for favorable mobile-related orders
    • -The metal wiring will be removed by around 2035, but what are your prospects for future orders?
Q3
  • Reasons for LanTroVision's strong performance in the first half of the year and outlook for the second half, next fiscal year and beyond
  • SEIBU CONSTRUCTION is in the deficit in the first half of the year, but the current situation and outlook for the second half and next fiscal year and beyond
Q4
  • Regarding the NEXT GIGA School Business,
    • -The first half was strong, but how did it compare to your initial plan? What is your profit margin? Also, what are your expectations for orders from next fiscal year and beyond?

May 15, 2026 NEW

Questions
Q1
  • Upside potential for exceeding NTT's order plan and current risk factors
  • Regarding the construction system for data center business
    • -Anticipate receiving 100 billion yen in orders related to data centers, but do we have sufficient construction capabilities and systems in place to handle that?
Q2
  • About the multi-carrier business
    • -Why are sales forecasts showing a decrease in revenue when telecommunications carriers are planning to increase capital investment?
  • Regarding demand for data centers (current inquiry situation, sustainability of needs)
Q3
  • Factors contributing to Seibu Construction's performance in the previous fiscal year, which saw a decrease in revenue but only a slight increase in profits.
  • Regarding Net sales to NTT DOCOMO
    • -Despite strong performance, why does the data show only a slight increase compared to the previous year?
Q4
  • Regarding the profitability of the Environmental and Social in business.
    • -Factors contributing to the projected decline in profit margins despite increased revenue (by sub-segment)
  • Regarding the profitability of the ICT solution business.
    • -Factors contributing to the significant improvement in profit margins (by sub-segment)

③Questions at Briefing session for individual investors

September 24, 2025

Questions
Q1
  • The first quarter financial results appear to be sluggish, but will you be able to achieve your full-year plan for this fiscal year?
Q2
  • You have carried out a series of large-scale M&A transactions, and your borrowings and corporate bonds appear to be increasing. Are there any problems with your financial situation?
Q3
  • I hear there is a labor shortage in the construction industry. Are you able to secure sufficient personnel?

March 13, 2026 NEW

Questions
Q1
  • Given the unstable situation in the Middle East, how will this situation affect your business performance?
Q2
  • Could you give me an overview of your data center business? You'll be specializing in containerized data?
Q3
  • I think the telecommunications industry will shift towards space communications in the future.
    What do you think?
Q4
  • Shareholder returns are important for individual investors. Could you please explain your policy
    regarding dividends and other shareholder returns?
Q5
  • I saw your TV commercial before; what are your thoughts on its effectiveness in increasing brand awareness?

Feedback to management

We regularly provide feedback on IR implementation status, investor interests, and views to senior management at Group Management Counci and Board of Directors.

Main measures

①Setting and changing medium-term management plan goals

  • In order to further strengthen shareholder returns, from fiscal 2022, we will adopt a policy of "stable dividend growth" and "flexible share buybacks."
    In addition, the KPI for the total return ratio has been raised from the conventional "30% or more" to "50% level".
    Furthermore, in November 2023, we will continue to follow our basic policy and, in order to clarify the linkage between investment in growth and shareholder returns, we will redefine our total return ratio "50%~70%" target range and strive to strengthen the return.
  • Regarding treasury stock with no intended use, we have changed our policy from "Considering cancellation" to "Actively cancel" it.
    - 9 million shares (equivalent to 8.7% of issued shares) will be cancelled in Feb, 2024 -
    - 3 million shares (equivalent to 3.2% of issued shares) will be cancelled in Feb, 2025 -
  • In order to promote management that incorporates the perspective of shareholders, we have set ROE and EPS growth rates as management targets in the 5th Medium-Term Management Plan.
    Furthermore, since we expect to incur a certain amount of goodwill amortization costs as a result of M&A going forward, we have decided to add EBITDA (margin), which is an indicator of our cash flow generation ability, to our KPIs from fiscal 2024.

②Disclosure of gross profit and gross profit margin by business segment

  • From fiscal 2022, we had disclose gross profit margins for three business segments (Environmental and Social innovation, ICT solution, and Telecommunications) in order to provide an appropriate understanding of business strategies and business trends.

③Holding business briefings

  • We participated in the following events themed on the practical application of hydrogen:
    • ・At the “Experience the Exciting Future - Amazing Hydrogen Expo,” held at Sakishima Molina on October 3–4, 2025, we showcased a demonstration flight of a hydroge-powered drone, delivered presentations and talk sessions, and introduced the latest developments in small-capacity hydrogen utilization.
    • ・During the exhibition period of the “Osaka-Kansai Expo 2025” (October 7–13, 2025), we presented—through videos and model displays—our initiatives in developing various hydrogen-related devices and building their supply chains, as well as efforts to promote the adoption of hydrogen micro-mobility and small fuel cells, highlighting both the future envisioned through hydrogen and the achievements of our activities.
  • A total of 21 products and solutions were exhibited at CEATEC 2025 held at Makuhari Messe for four days from October 14th to 17th, 2025.

④Video distribution of financial results presentation

⑤Number of directors

  • By resolution of the general meeting of shareholders held in 2024, the articles of corporation were changed to reduce the number of directors from 21 to 15.
    The number of directors (including audit and supervisory committee members) has been reduced from 19 to 13 (including 3 women).

⑥Expansion of shareholder benefits

  • The Company offers shareholder benefits to all shareholders holding at least 100 shares of the Company’s shares for 1 year or more.
    Previously, customers could only choose between a QUO card or a donation of comparable value to a social contribution, but the menu has now been expanded to include electronic money and "MIRAIT ONE rice."
  • In FY2025, we had increased the number of electronic money types and expand the scope of "MIRAIT ONE rice" (by lottery). NEW

⑦Disclosure of numerical targets for data center business

  • Our data center business is accounted for in several segments:
    • 1) “Electrical and air conditioning(domestic construction)” in the environmental and social business.
    • 2) “Global (Lantrovision, cabling business in Asian countries),” “DC/Cloud (domestic cabling business)," and "Stock business (independent operation of Osaka Daiichi Data Center)" in the ICT solutions business.
    The data center business has been expanding recently and is expected to continue to grow in the future, so we have revised the overall figures upwards. (FY2026 Orders received target). NEW