MIRAIT ONE Corporation
1417・Prime Market・Construction
MIRAIT ONE
Core group segment. Broadly deploys telecom, environmental, ICT, and energy construction
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (current fiscal year) | ¥305,113 million | — | — |
| Segment profit (current fiscal year) | ¥15,260 million | — | — |
| Orders received (current fiscal year) | ¥307,692 million | — | — |
| Depreciation (current fiscal year) | ¥6,035 million | — | — |
| Segment assets (end of current fiscal year) | ¥278,055 million | — | — |
| Net sales to NTT East (restated) | ¥91,494 million | ¥90,058 million (pre-restatement) | ↑ |
| Net sales to NTT West (restated) | ¥61,591 million | ¥54,978 million (pre-restatement) | ↑ |
| Net sales to NTT DOCOMO (restated) | ¥36,147 million | ¥34,418 million (pre-restatement) | ↑ |
Business Details
The largest segment in the group, centered on MIRAIT ONE Corporation. It operates four businesses: Environmental & Social Innovation Business (electrical, air conditioning, civil engineering, and water supply construction, green energy), ICT Solutions Business (data center and cloud construction, global business), NTT Business (access construction and mobile construction), and Multi-Carrier Business. With NTT East Corporation, NTT West Corporation, and NTT DOCOMO, INC. as its main customers, this is the core segment accounting for approximately 52% of the group's consolidated revenue.
Recent Overview
An aggregation error in net sales by major customer was identified, and a corrected earnings report was released on June 15, 2026
In the earnings report for FY2026 (ending March 2026) released on May 12, 2026, an aggregation error was identified in the information for each major customer. The restated net sales figures were revised as follows: NTT East Corporation, from ¥90,058 million to ¥91,494 million (+¥1,436 million); NTT West Corporation, from ¥54,978 million to ¥61,591 million (+¥6,613 million); and NTT DOCOMO, INC., from ¥34,418 million to ¥36,147 million (+¥1,729 million). There is no impact on consolidated results; the correction pertains solely to the related segment disclosure information (customer-based disclosure).
Key Products
Growth Drivers
- Expansion of electrical/air conditioning construction and container-type DC business amid rapid growth in domestic data center demand
- Increase in the Mirai Domain ratio through expansion of the green energy business (solar power, PPA, storage batteries)
- Increase in orders and revenue for mobile construction and access construction in the NTT Business
- Enhanced operational efficiency and productivity through the merger of five access-related group companies (MIRAIT ONE NEXT Corporation)
- Increase in orders and revenue for global business and product sales within the ICT Solutions Business
- Prevention of recurrence of unprofitable projects and improvement of profit margins by the Business Risk Management Office
Risks
- Medium- to long-term contraction of the Multi-Carrier Business due to continued reduction in telecom carriers' capital expenditure
- Risk of cost ratio deterioration due to labor shortages and rising labor costs across the construction industry as a whole
- Risk of occurrence of large-scale unprofitable projects (currently addressed through monitoring by the Business Risk Management Office)
- Risk of fluctuation in telecom infrastructure construction volume due to changes in the NTT Group's investment policy
- Risk of increased material and subcontracting costs due to continued price inflation
Last updated: June 22, 2026