MIRAIT ONE : Financial Results for FY2023 (Appendix)

The Power to Build Tomorrow.

FY2023

（Appendix）

May 2024

MIRAIT ONE Corporation

Table of Contents

1.	Overview of MIRAIT ONE	・・・・・	2
2.	Historical Performance	・・・・・	5
3.		・・・・・	6
4.	Medium-term Management Plan	・・・・・	11
5.	ESG Initiatives	・・・・・	18
6.	Topics	・・・・・	32
	Telecommunications infrastructure domain	・・・・・	32
		・・・・・	38
	others	・・・・・	54
7.	Supplementary Financial Information	・・・・・	61
8.	Share Price trends	・・・・・	70
9.	Major Shareholders	・・・・・	72

1

１. Overview of MIRAIT ONE（As of March 31, 2024）

Inauguration

Location

President (CEO)

Stock listing

Business

description

Credit ratings

Office network

Number of employees

July 1, 2022（October 1, 2010:Established the predecessor, MIRAIT Holdings ）

5-6-36 Toyosu, Koto-ku, Tokyo

Toshiki Nakayama

Prime Section of the Tokyo Stock Exchange (Code: 1417)

Telecommunications engineering work, electrical work, civil engineering work and building construction work

Rating & Investment Information, Inc. (R&I) : A (Jan 2023 Changed from A−)

Japan Credit Rating Agency, Ltd. (JCR) :Ａ＋ (Nov 2022 Changed from A)

85 【Domestic】63 locations

【Overseas】22 locations (Singapore, Australia, etc.)

	（ MIRAIT ONE	Tokyo	7,920	）
	（ Lantrovision	Singapore	1,436	）
	（ TTK	Sendai	1,167	）
【Consolidated】 1 6 , 9 8 5	（ SOLCOM	Hiroshima	1,401	）
（ Shikokutsuken	Imabari	703	）
	（SEIBU CONSTRUCTION Tokorozawa	665	）
	（MIRAT ONE SYSTEMS	Tokyo	1,294	）
	（ Kokusai Kogyo	Tokyo	2,399	）	2

(Reference① )

2010.10－

October 2010

MIRAIT Holdings

Corporation

Daimei Telecom

Engineering

Corporation

Established in December 1944

TODENTSU

Corporation

Established in February 1946

Commuture

Corporation

Established in June 1960

M e r g e r

Change of

Trade Name

－2022.3

2022.7－

July 2022

MIRAIT Holdings

MIRAIT ONE

Integration

Corporation

Corporation

Trade name

changed

Lantrovision(S)Ltd

MIRAIT Corporation

October 2012

(Headquarters) Tokyo

TTK Co., Ltd.

MIRAIT Technologies October 2012

Corporation

Expansion

(Headquarters) Osaka

of global

Lantrovision(S)Ltd

June 2016

business

SOLCOM Co., Ltd.

(Headquarters) Singapore

Shikokutsuken Co., Ltd.

TTK Co., Ltd.

October 2018

r

E

(Headquarters) Sendai, Miyagi

b e

x

u

g

p

SEIBU

s

i

o

a

January 2019

i

n

CONSTRUCTION CO.,LTD.

SOLCOM Co., Ltd.

n o f

e

n

s

(Headquarters) Hiroshima

o

i

s

a

o

July 2022

s

l

n

January 2019

MIRAIT ONE SYSTEMS

Shikokutsuken Co., Ltd.

Corporation

(Headquarters) Imabari, Ehime

Expansion of

(Headquarters) Minato-ku, Tokyo

March 2022

Business

December2023

SEIBU

Domains

CONSTRUCTION CO.,LTD.

Kokusai Kogyo Co., Ltd.

(Headquarters) Tokorozawa, Saitama

(Headquarters) Shinjuku-ku, Tokyo

3

(Reference②)		History of M&A and major investments
2016	2017	2018 2019	2020	2022			2023
NEW
Lantrovison		TTK
					Kokusai Kogyo

SOLCOM

Trust System		Nishinihondenko				Tokai-koei

Shanghai Changling

PL Lantro Technologies

YL Integrated

MMD	LBS Digital Infrastructure

Datacenter

Promote M&A, strategic investments, and capital

expenditures to achieve sustainable growth

4

2. Historical Performance

500.0

Operating income

	Launch of	300.0
	MIRAIT ONE

Consolidation of

SEIBU

CONSTRUCTION

250.0
	Consolidation of
		Singapore
		subsidiary

Integration of

regional

telecommunicatio

n construction

companies

Profit decline due to unprofitable projects ⇒Tightened criteria for receiving orders ⇒Tightened management of projects

0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024

Net sales	246.6	236.0	271.0	277.7	283.7	269.5	283.2	312.9	375.9	441.1	463.7	470.3	484.0	518.3	570.0
Operating	4.9	5.2	10.8	11.4	14.1	6.1	10.0	16.7	20.6	21.9	30.1	32.8	21.8	17.8	27.0
income
	2.0%	2.2%	4.0%	4.1%	5.0%	2.3%	3.5%	5.3%	5.5%	5.0%	6.5％	7.0%	4.5％	3.4％	4.7％

200.0

100.0

0

5

3-1. Corporate/Environmental and social infrastructure domain【1/2】 ︓Environmental and social innovation Business

	N e t s a l e s
			208.5
		141.8
	112.0
55.6
4Q
3Q
2Q
1Q
FY2021	FY2022	FY2023	FY2024
			(forecast)

【Business categories】		208.5
■ Construction/Renovation
■ Civil engineering
■ Electric, air conditioning
■ Planning/ Consulting
■ Renewable energy		141.8
	112.0
55.6
FY2021	FY2022	FY2023	FY2024
			(forecast)

6

3-1. Corporate/Environmental and social infrastructure domain【2/2】 ︓ICT solution Business

• Create ICT infrastructure such as cloud, office solutions and Wi-Fi, software, global, goods sales.

N e t s a l e s

141.3	127.8	143.1	142.5
4Q
3Q
2Q
1Q
FY2021	FY2022	FY2023	FY2024
			(forecast)

【Business categories】

■ Goods Sales, Other

• Software
• Global
• LAN, etc.
• DC・cloud
• Stock Business

141.3		143.1	142.5
	127.8
FY2021	FY2022	FY2023	FY2024
			(forecast)	7

3-2. Telecommunications infrastructure domain【1/2】 ︓NT T Business

• Nationwide works on construction, maintenance and operation of wired and wireless communications facilities of NTT Group.

N e t s a l e s

204.3

184.3	181.8	175.5

4Q

3Q

2Q
1Q
FY2021	FY2022	FY2023	FY2024

(forecast)

569.1

524.3 511.2 513.8 486.0

527.4 501.1 498.1 481.0 482.0

Of which,

optical-related work

156.0 154.0 172.0 162.0 162.0

FY2020 FY2021 FY2022 FY2023 FY2024

(Notes) NTT docomo figures indicate the communication capital investment of the new docomo Group.

Source: MIRAIT ONE from company information

8

3-2. Telecommunications infrastructure domain【2/2】 ︓Multi - carrier Business

• Nationwide works on construction, maintenance and operation of fixed and mobile communications facilities of NCCs.
• CATV work, Broadcasting network business

N e t s a l e s

■

■

■

RAKUTEN SoftBank

KDDI

6 9 . 1
4Q	5 9 . 9
	4 9 . 6
		4 3 . 5
3Q
2Q
1Q
FY2021	FY2022	FY2023	FY2024
			(forecast)

	316.1
268.4		321.3	200.5
			(100.0)
	393.2		312.8
422.0	407.5	(330.0)

627.9 676.4 627.5 749.2 650.0

	FY2020		FY2021		FY2022		FY2023		FY2024
									(Plan)

(Notes) Rakuten Group, Inc. capital investment amount is Mobile Segment Capital Expenditure.

Source: MIRAIT ONE from company information	9