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

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

(Reference)
SR Meeting Japan Overseas Total
Total 9 9

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

Financial results briefing for analysts
2Q event date Nov 21, 2024
participant 41
archive viewer Japan : 777
overseas : 84
4Q event date May 17, 2025
participant 31
archive viewer Japan : 894
overseas : 43
Briefing session for individual investors
First half event date Sep 20, 2024
participant 714
archive viewer 579
Second half event date Mar 19,2025
participant 713
archive viewer 872

FY 2025

One on One Japan Overseas Total
NEW
First Half
57 11 68

※Excludes inquiries by phone and email
Meeting to : analysts (sell-side/buy-side), fund managers, etc.

Financial results briefing for analysts
NEW
2Q
event date Nov 21, 2025
participant 38
archive viewer

※as of December 5, 2025

Japan:394
overseas:30

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

video materials : https://c-hotline.net/Viewer/Default/5833141524fbd4ebd74133245b022b646fb1

Briefing session for individual investors
NEW
First half
event date Sep 25, 2025
participant 756
archive viewer

※as of December 5, 2025

867

※A briefing session for individual investors was also held by another provider on December 9, 2024.
participant:about 2,000, Archive viewer:528

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

FY2024 Second half (October 2024 ~ March 2025)

theme opinions and questions
performance and evaluation
  • Evaluation of financial results and outlook for this fiscal year
    • -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
  • Review of medium-term management plan targets and progress
  • Data center business (business situation, business scale)
  • M&A strategy
    • -Synergy effects of SEIBU CONSTRUCTION, Kokusai Kogyo
      (amount and period of goodwill amortization)
      ‐ Past evaluations and future targets ‐
  • Human capital growth strategy (recruiting, development, flow)
  • Funding policy (bond issuance, regional bank syndicated loans)
  • Shareholder return policy (Target range for total return ratio)
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)
    • -Expansion of social infrastructure projects (waterworks, roads)
ICT solution
  • Evaluation of financial results and outlook for this fiscal year
    • -Status of data center-related businesses (Included Global), Future outlook
    • -Business areas to watch other than data centers
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
    • -Reasons for favorable performance of NTT business
    • -Outlook for Rakuten business
Others
  • Synergy effects of the three companies (goodwill amount and amortization period)
  • Business portfolio strategy (business withdrawal, asset disposal)
  • Approach to financial discipline (ratings, equity ratio)
  • Business Risk Management operation status
  • Path to achieving 1x PBR
  • Core system renewal costs

FY2025 First half(April 2025 ~ September 2025)NEW

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

②Questions at Financial results briefing for analysts

May 16, 2025 NEW

questions
Q1
  • Reasons for the increase or decrease in operating profit for fiscal year 2025
    • -Reasons for expected profit increases in the Environmental & social innovation business, and ICT solutions businesses
  • SG&A expenses are expected to include head office relocation costs and increased personnel costs. How will these be reduced?
Q2
  • NTT Group's capital investment is on the mend, but to what extent do you expect this to have an impact?
  • What impact do you think the restructuring of the NTT Group will have on your company's performance?
  • Regarding shareholder returns, what return strategies do you envision going forward to bring you closer to your target total return ratio (target range of 50-70%)?
Q3
  • Regarding the feasibility of achieving the operating profit margin for this fiscal year
  • Regarding the prospects for achieving target sales in the “Urban and regional development" field

November 21, 2025 NEW

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?

③Questions at Briefing session for individual investors

March 19, 2025

questions
Q1
  • About the outlook for the data center business.
Q2
  • About promoting women's participation in the workforce.
Q3
  • Will the trands of the new U.S. administration have an impact on your company’s business?
Q4
  • What kind of synergy are you aiming for with Kokusai Kogyo?
Q5
  • About the current situation and future prospects of the telecommunications construction business.

September 24, 2025 NEW

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?

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:NEW
    • ・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. NEW

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 FY2024, we had increased the number of electronic money types and expand the scope of "MIRAIT ONE rice" (by lottery).

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 disclosed the overall figures (Orders received).