Interim report
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Accounting Standards For FASF MEMBERSHIP Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . MIRAIT ONE Consolidated Financial Results for the Three Months Ended June 30 , 2026 [ Japanese GAAP ] August 7 , 2026 Company name : MIRAIT ONE Corporation Stock exchange listing : TSE Code number : 1417 URL : https://www.mirait-one.com/english/ Representative : Hidemune Sugahara , President and CEO Contact : Takaaki Mitsuya , Director and CFO Phone : + 81-3-6807-3124 Scheduled date of commencing dividend payments : Availability of supplementary briefing material on annual results : Available Schedule of annual results briefing session : Not scheduled ( Amounts of less than one million yen are rounded down . ) 1. Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated Operating Results ( % indicates changes from the same period of the previous fiscal year . ) Profit attributable to owners of parent million yen % 1,857 ( 1,311 ) Net sales Operating profit Three Months Ended million yen 130,033 % million yen % Ordinary profit million yen % 7.1 2,804 172.9 3,344 156.6 June 30 , 2026 Three Months Ended 121,374 3.4 1,027 ( 31.2 ) 1,303 ( 47.7 ) June 30 , 2025 ( Note ) Comprehensive income : Three Months Ended June 30 , 2026 : 3,282 million yen [ - % ] Three Months Ended June 30 , 2025 : ( 2,281 ) million yen [ - % ] Three Months Ended | June 30 , 2026 Three Months Ended June 30 , 2025 Net income per share Diluted net income per share yen ( 2 ) Consolidated Financial Position yen 21.01 ( 14.64 ) Total assets Net assets Equity ratio As of June 30 , 2026 As of March 31 , 2026 ( Reference ) million yen 507,768 573,393 million yen 284,779 % 54.3 288,447 48.7 Equity : As of June 30 , 2026 : As of March 31 , 2026 : 275,684 million yen 279,439 million yen 2. Dividends 1st quarter - end yen Fiscal year ended March 31 , 2026 Fiscal year ending March 31 , 2027 Fiscal year ending March 31 , 2027 ( Forecast ) Annual dividends per share 3rd quarter - end quarter - end 2nd yen 40.00 45.00 Year - end Total yen yen 45.00 yen 85.00 50.00 95.00 ( Note ) Revision of dividend forecasts from recently announced figures : None
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3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2027 (April 1, 2026 to March 31, 2027) (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Net income per share million yen % million yen % million yen % million yen % yen Full year 660,000 9.6 40,000 16.7 40,000 9.5 25,500 9.5 290.79 (Note) Revision of financial results forecasts from recently announced figures: None * Notes: (1) Significant changes in the scope of consolidation during the period: None (2) Application of specific accounting practices for preparing quarterly consolidated financial statements: Yes (Note) For details, see Attached Materials 8 page “Application of Specific Accounting Practices for Preparing Consolidated Quarterly Financial Statements." (3) Changes in accounting policies, changes in accounting estimates and corrections of errors 1) Changes in accounting policies due to the revision of accounting standards, etc.: None 2) Any changes in accounting policies other than 1) above: None 3) Changes in accounting estimates: None 4) Corrections of errors: None (4) Total number of issued shares (common stock) 1) Total number of issued shares at the end of the period (including treasury stock): June 30, 2026 91,325,329 shares March 31, 2026 91,325,329 shares 2) Total number of treasury stock at the end of the period: June 30, 2026 3,409,321 shares March 31, 2026 2,659,574 shares 3) Average number of shares outstanding during the period: June 30, 2026 88,414,368 shares June 30, 2025 89,560,035 shares (Note) Total number of treasury stock includes the Company’s stock held by the Board Incentive Plan trust under the Company’s performance-linked stock remuneration program for directors who are not Audit and Supervisory Committee members and executive officers. * Review of the Japanese -language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Explanation for the appropriate use of financial forecasts and other special notes While descriptions in this report regarding financial prospects and other future events are based on the information available at the time this report was prepared and certain assumptions considered to be reasonable, and are not intended to guarantee that the Company will achieve these forecasts. In addition, our actual business performance may differ significantly from the prospect s due to a number of factors.
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- 1 - Table of Contents: Supplementary Materials 1. Overview of Operating Results and Financial Position ２ (1) Overview of Operating Results for the Period under Review ２ (2) Overview of Financial Position for the Period under Review ３ (3) Future Outlook ３ 2. Quarterly Consolidated Financial Statements and Notes ４ (1) Quarterly Consolidated Balance Sheets ４ (2) Quarterly Consolidated Statements of Income and Comprehensive Income ６ Three Months Ended June 30 ６ (3) Notes to Consolidated Financial Statements ８ (Application of Specific Accounting Practices for Preparing Consolidated Quarterly Financial Statements) ８ (Notes on segment information) ８ (Notes on significant changes to shareholders’ equity) ９ (Notes on going concern assumption) ９ (Notes to Statement of Cash Flows) 10
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- 2 - 1. Overview of Operating Results and Financial Position (1) Overview of Operating Results for the Period under Review During the first three months of the current consolidated period (from April 1, 2026 to June 30, 2026), the Japanese economy continued its moderate recovery trend with signs of improvement in employment and income environment. On the other hand, caution remains warranted over the impacts of the unstable situation in the Middle East, fluctuations in financial and capital markets, and other issues. In the business environment surrounding the MIRAIT ONE Group (“the Group”), demand for data centers continues to expand rapidly due to the progress in adoption of generative AI and increase in communication traffic. Promotion of the strengthening of digital infrastructure resilience through watt –bit integration and regional decentralization of data centers, etc. has become a critical issue. Furthermore, initiatives for disaster prevention, disaster mitigation, and national resilience have been promoted agai nst potential disasters , including increasingly severe and frequent natural disasters accompanying climate change. Against this backdrop, the Group is thoroughly nurturing existing businesses and services based on its purpose and mission. We will further accelerate business expansion by identifying up and coming growth areas, the “MIRAI (future) Domains,” and mobilizin g group resources to expand urban and regional development/corporate DX and GX, green energy business, software business, and global business. To continue being a reliable corporate group that “builds and protects” the social infrastructure of the future, the Group is promoting the “MIRAIT ONE Group Vision 2030” as our business vision toward 2030 and our fifth five-year Medium-term Management Plan, the final year of which is FY 2026. In FY 2026, as the final fiscal year of the fifth Medium-term Management Plan launched in the fiscal year ended March 31, 2023, we will continue to strive to the maximum to achieve the targets under the plan, based on our steady expansion in business performance over the past four years. We will work to strengthen the data center -related business and expand the business synergies gained from the trinity formed with SEIBU CONSTRUCTION CO., LTD. and Kokusai Kogyo Co., Ltd. As we aim for further growth in the future, we will also promote business expansion in areas such as digital technology -driven O&M and our efforts to implement advanced technologies in society. In addition, the year is positioned as a bridge year to the new Medium -term Management Plan o f the next term. As “ Consolidated Management through Multiplying value,” we will further advance initiatives to accelerate profit growth through the creation of added value and efficient use of resources by the Group and lay the foundation for 2030 through the three fronts of customers, technology, and human resources and group coordination. As for the consolidated financial results for the first three months ended June 30, 2026, the Environmental and Social Innovation business saw decreases in both orders and sales due to a reactionary decline attributable to large-scale orders and large -scale completed construction obtained through construction and renovation work in the previous fiscal year, despite increases in orders and sales through data center-related work. The ICT Solutions business experienced increases in both orders and sales for the global business and data center-related work. The NTT business saw increase s in both orders and sales in access and mobile construction work. In the Multi -carrier business, sales increased, mainly due to the promotion of the completion of Construction account carried forward, despite a decrease in orders. As a result, the consolidated financial results for the first three months ended June 30, 2026, amounted to the following: • Orders received of 162,450 million yen (-1.3% year-on-year); • Net sales of 130,033 million yen (+7.1% year-on-year); • Operating profit of 2,804 million yen (+172.9% year-on-year); • Ordinary profit of 3,344 million yen (+156.6% year-on-year); and • Profit attributable to owners of parent of 1,857 million yen (Loss attributable to owners of parent of 1,311 million yen in the same period of the previous fiscal year).
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- 3 - (2) Overview of Financial Position for the Period under Review Total assets at the end of the first quarter of the current consolidated period amounted to 507,768 million yen, a decrease of 65,625 million yen from the end of the previous fiscal year, mainly due to a decrease in accounts receivable from completed construction contracts and other. Total liabilities decreased by 61,956 million yen from the end of the previous fiscal year to 222,989 million yen, mainly due to repayment of short -term borrowings and a decrease in accounts payable for construction contracts and other. Net assets decreased by 3,668 million yen from the end of the previous fiscal year to 284,779 million yen, mainly due to dividends paid of 4,009 million yen and a share repurchase of 2,917 million yen, despite having posted 1,857 million yen in profit attributable to owners of parent. As a result of the above, the equity ratio at the end of first quarter stood at 54.3% (compared with 48.7% at the end of the previous fiscal year). (3) Future Outlook The consolidated financial results forecast for the fiscal year ending March 31, 202 7, as announced on May 12, 2026, remains unchanged.
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- 4 - 2. Quarterly Consolidated Financial Statements and Notes (1) Quarterly Consolidated Balance Sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 59,845 62,802 Notes receivable, accounts receivable from completed construction contracts and other 234,644 156,209 Investments in leases 8,150 7,778 Costs on construction contracts in progress 30,841 37,752 Other 13,943 14,825 Allowance for doubtful accounts (350) (83) Total current assets 347,074 279,284 Non-current assets Property, plant and equipment Buildings and structures, net 46,721 49,189 Land 37,112 37,060 Construction in progress 2,589 1,443 Other, net 17,956 18,054 Total property, plant and equipment 104,381 105,748 Intangible assets Customer related assets 30,235 29,776 Goodwill 35,932 35,401 Software 5,442 6,864 Software in progress 2,402 1,014 Other 253 297 Total intangible assets 74,266 73,354 Investments and other assets Investment securities 25,459 26,905 Retirement benefit asset 14,678 14,760 Deferred tax assets 1,079 1,453 Leasehold and guarantee deposits 3,431 3,415 Other 3,541 3,384 Allowance for doubtful accounts (519) (539) Total investments and other assets 47,671 49,381 Total non-current assets 226,319 228,483 Total assets 573,393 507,768
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- 5 - (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other 65,497 52,262 Short-term borrowings 49,519 5,019 Lease liabilities 4,500 4,399 Income taxes payable 9,227 2,507 Advances received on construction contracts in progress 10,759 13,977 Provision for loss on construction contracts 1,468 1,476 Provision for loss on orders received 164 111 Provision for bonuses 12,259 6,091 Provision for bonuses for directors (and other officers) 141 43 Provision for warranties for completed construction 125 113 Provision for loss on closing subsidiaries and affiliates 444 336 Other 22,167 27,207 Total current liabilities 176,276 113,545 Non-current liabilities Bonds payable 30,000 30,000 Long-term borrowings 40,057 40,053 Lease liabilities 10,777 10,571 Deferred tax liabilities 6,879 7,507 Deferred tax liabilities for land revaluation 28 28 Provision for retirement benefits for directors (and other officers) 44 43 Provision for share-based payments 543 584 Retirement benefit liability 17,668 18,003 Asset retirement obligations 1,775 1,799 Other 893 852 Total non-current liabilities 108,669 109,443 Total liabilities 284,946 222,989 Net assets Shareholders' equity Share capital 7,000 7,000 Capital surplus 40,159 40,159 Retained earnings 217,634 215,482 Treasury shares (5,790) (8,707) Total shareholders' equity 259,003 253,933 Accumulated other comprehensive income Valuation difference on available-for-sale securities 7,245 8,217 Revaluation reserve for land (85) (85) Foreign currency translation adjustment 6,547 7,056 Remeasurements of defined benefit plans 6,729 6,562 Total accumulated other comprehensive income 20,436 21,751 Non-controlling interests 9,007 9,094 Total net assets 288,447 284,779 Total liabilities and net assets 573,393 507,768
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- 6 - (2) Quarterly Consolidated Statements of Income and Comprehensive Income Three Months Ended June 30 (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 121,374 130,033 Cost of sales 105,638 111,620 Gross profit 15,736 18,412 Selling, general and administrative expenses 14,708 15,608 Operating profit 1,027 2,804 Non-operating income Interest income 82 83 Dividend income 272 315 Foreign exchange gains 15 156 Share of profit of entities accounted for using equity method － 55 Other 162 242 Total non-operating income 533 853 Non-operating expenses Interest expenses 203 269 Share of loss of entities accounted for using equity method 0 － Other 54 43 Total non-operating expenses 258 313 Ordinary profit 1,303 3,344 Extraordinary income Gain on sale of non-current assets 4 150 Gain on sale of investment securities 17 － Reversal of reserves for losses on liquidation of subsidiaries and affiliates － 65 Total extraordinary income 22 216 Extraordinary losses Loss on retirement of non-current assets 21 31 Loss on liquidation of subsidiaries and associates 29 － Loss on litigation 50 11 Other 4 － Total extraordinary losses 105 43 Profit before income taxes 1,220 3,516 Income taxes 2,476 1,547 Profit (loss) (1,255) 1,969 Profit attributable to Profit (loss) attributable to owners of parent (1,311) 1,857 Profit attributable to non-controlling interests 55 111
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- 7 - (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Other comprehensive income Valuation difference on available-for-sale securities 477 969 Foreign currency translation adjustment (1,447) 473 Remeasurements of defined benefit plans, net of tax 115 (166) Share of other comprehensive income of entities accounted for using equity method (171) 37 Total other comprehensive income (1,025) 1,313 Comprehensive income (2,281) 3,282 Comprehensive income attributable to Comprehensive income attributable to owners of parent (2,399) 3,172 Comprehensive income attributable to non-controlling interests 118 109
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- 8 - (3) Notes to Consolidated Financial Statements (Application of Specific Accounting Practices for Preparing Consolidated Quarterly Financial Statements) Calculation of tax expense Tax expenses are calculated by reasonably estimating the effective tax rate after applying tax effect accounting against income before income taxes for the current fiscal year, including the first quarter ended June 30, 2026, and then multiplying income before income taxes for the three months with the said estimated effective tax rate. The statutory tax rate is applied if the tax expense calculated using the estimated effective tax rate lacks rationality to a significant degree. （Notes on segment information） 【Segment information】 Ⅰ First quarter of the previous consolidated period (from April 1, 2025 to June 30, 2025) 1. Sales and income(loss) by reportable segment (million yen) Reportable segment MIRAIT ONE Lantrovision TTK SOLCOM Shikoku tsuken SEIBU CONSTRUCTION MIRAIT ONE SYSTEMS Kokusai Kogyo Net sales Net sales to external customers 63,065 8,254 8,573 7,447 3,984 12,873 6,656 10,518 Inter-segment sales or transfers 402 － 210 8 12 487 756 － Total 63,468 8,254 8,783 7,455 3,996 13,361 7,412 10,518 Segment income (loss) 611 342 327 (310) 56 (339) 318 61 Total Adjustments (Note 1) Amount in Consolidated Financial Statements (Note 2) Net sales Net sales to external customers 121,374 － 121,374 Inter-segment sales or transfers 1,877 (1,877) － Total 123,252 (1,877) 121,374 Segment income (loss) 1,069 (41) 1,027 (Notes) 1. Adjustments for segment income (loss) in the amount of (41) million yen include adjustments for retirement benefits in the amount of (125) million yen, etc. 2. Segment income (loss) is adjusted to the operating income reported in the consolidated quarterly statements of income and comprehensive income.
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- 9 - Ⅱ First quarter of the current consolidated period (from April 1, 2026 to June 30, 2026) 1. Sales and income(loss) by reportable segment (million yen) Reportable segment MIRAIT ONE Lantrovision TTK SOLCOM Shikoku tsuken SEIBU CONSTRUCTION MIRAIT ONE SYSTEMS Kokusai Kogyo Net sales Net sales to external customers 67,943 11,529 9,722 8,064 4,055 11,868 6,231 10,617 Inter-segment sales or transfers 1,111 － 539 10 11 948 973 4 Total 69,055 11,529 10,262 8,075 4,066 12,817 7,204 10,622 Segment income (loss) 1,982 894 190 (11) (26) (283) 223 (208) Total Adjustments (Note 1) Amount in Consolidated Financial Statements (Note 2) Net sales Net sales to external customers 130,033 － 130,033 Inter-segment sales or transfers 3,600 (3,600) － Total 133,633 (3,600) 130,033 Segment income (loss) 2,762 42 2,804 (Notes) 1. Adjustments for segment income (loss) in the amount of (42) million yen include adjustments for retirement benefits in the amount of (44) million yen, etc. 2. Segment income (loss) is adjusted to the operating income reported in the consolidated quarterly statements of income and comprehensive income. (Notes on significant changes to shareholders’ equity) On May 12, 2026, the Board of Directors of the Company resolved to repurchase its own shares in the market pursuant to Article 156 of the Companies Act of Japan, applied pursuant to Paragraph 3, Article 165 of the Companies Act, following which the Company purchased 749,700 shares of its common stock of an amount of 2,917 million yen. As a result, the Company’s treasury stock increased by the same amount. The total amount of treasury stock at the end of the first quarter of the current consolidated fiscal p eriod was 8,707 million yen. (Notes on going concern assumption) Not applicable.
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- 10 - (Notes to Statement of Cash Flows) Consolidated quarterly statement of cash flows for the first three months ended June 30, 2026 has not been prepared. Depreciation (including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the first three months ended June 30, 2025 and 2026 are as follows. Three months ended June 30, 2025 Three months ended June 30, 2026 Depreciation 2,807 million 3,158 million Amortization of goodwill 619 million 559 million