Presentation Materials（Appendix）

March, 2022
MIRAIT Holdings Corporation

Table of Contents
1. Developing multi-skilled engineers

p. 2

15. Inclusion in JPX-Nikkei 400

p.20

2. Advanced wireless environment businessp. 3

16. Selected in Top Hundred Telework Pioneers

p.21

3. Mobile Telecommunication Market Trends

p. 4

17. TSE TOPIX New Index Series

p.22

4. Local 5G

p. 6

18. New TSE Market Segment

p.23

5. EV Charger Installment

p. 8

19. Endorsement of TCFD Recommendations

p.24

6. Initiatives for underground power line projects p. 9

20. ESG Initiatives

p.25

7. ＤＸ（1）～（3）p.10

21. Mirai College

p.28

8. Initiatives in datacenter business

p.13

22. Women Empowerment

p.30

9. Initiatives in drone businessp.14

23. Safety measures

p.31

10. Initiatives in global businessp.15

24. Safety is the Rivet of a Fan

p.32

11. Aquarium/Museum
and Community Development

p.16

25. Supplementary Financial Information

p.36

12. DX using Communication Robots

p.17

26. Share price trends

p.37

13. Tower Sharing Businessp.18

27. Major Shareholders

p.38

14. Designated as
DX-Certified Business Operator

p.39

p.19

28. Changes in Shareholder Benefit Plan

1. Developing multi-skilled engineers

Reducing costs and securing workforce

Expand from maintenance to construction work and indirect operations

Productivity gains

2

2. Advanced wireless environment business

Projects to be completed this fiscal year thanks
to group-wide collaboration

Execute construction work by adjusting utilization of capacity at JVs

Ensure completion of projects

33-1. Mobile Telecommunication Market Trends（5G base station installment plans and progress）

150,000

150,000

Number of５G base stations (plan)

280,000(end-FY2023)

KDDI・SoftBank

50,000(end-FY2021)

docomoKDDI

SoftBank

Rakuten Mobile

Regional expansion
of ICT infrastructure

Master Plan3.0
MIC

MIC request to accelerate installment
of 5G base stations
Population coverage target raised to
90% by FY2023

Source: Mirait based on information disclosed by telecommunication carriers and MIC
Telecommunications Bureau

docomo32,000(end-FY2022)

68,000

SoftBank
23,000+docomo20,000(1/2022)

SoftBank
14,000+(end-FY2021)(1/2022)

SoftBank
10,000+(3/2021)

docomo10,000+(6/2021)26,000KDDI
10,000+(3/2021)0

FY2019FY2020

FY2021

FY2022

FY2023

FY20244

3-2. Mobile Telecommunication Market Trends（5Ｇ base station installment milestones）
FY2019FY2020

FY2021

FY2022

FY2023

FY2024

Installment of 5G base stations in ３G／４G areas

Installment ofbase stations
Installment in under-serviced areas
Deployment of advanced services
including 5G Resolving reception
interference I n railway/road tunnels

Leveraging mobile area advancement projects▲2019.4

5G base station work brought
forward with tax framework topromote investment in 5G

Allocation of ５Ｇ frequencies

Conversion of 4G
frequencies to 5G
docomo 795.0 bil. yen
KDDI 466.7 bil. yen
SoftBank 206.1 bil. yen
RakutenM 266.6 bil. yen

Promotion of infrastructure sharing▲2020.4 ▲2020.8
Tax promoting
5G investments▲2021.12

Framework to convert
4G frequencies to 5G

MIC request to accelerate installment of 5G base stations

Capex total (FY2019～2024): approx. 1,734.4 bil, yen (4 cos)

５G

docomomadewhollyowned sub.

Launch ofcommercial
service

docomo▲2022.1 ▲2022.3▲2020.11 ▲2021.6▲2020.3

3.7㎓ band 4.5㎓ band 28㎓band▲Summer2022 ▲2023.3

Launch of SA
32,000 5G baseDocomo20,000 basemethod forstations (plan)
NTT Comstations (plan)
Population
generalUsers(plan)
NTT Comware Population
coverage: 70%
made subs.

10,000
5G basestations

coverage: 55%

Launch of SA method

Launch ofcommercial
serviceKDDI

Approval of
conversion of
4G bands to
5G

Capex: 1 trn. yen by 2023
Similar service area as
4G LTE by 2023

50,000 5G basestations (plan)

Capital/businessalliance between
JTOWER/KDDI

Population coverage: 80%
5G standalone

5G standalone▲2022.3▲2021.5▲2020.10▲2020.3▲2023.4▲ Railroad migration to 5G(plan)

5G services in main zones for
21 lines in Kanto, 5 lines in Kansai▲CDMA 1X WIN service for 3G devices to end

3.7㎓ band 28㎓z band

Capex: 2 trn. yen by 2030

2020.4.1 established 5G JAPAN Co.▲
▲2021.9

SoftBank▲2020.3

3.7㎓ band 28㎓z band
＋1.7㎓band

Launch ofcommercial
service▲2022.1▲Spring 2022

23,000 5G Population coverage: 90%+(plan)
14,000 5G
base stations
base stations
Population
Population
coverage: 59%+ coverage: 85%+▲2020.10

Approval of
conversion of 4G
bands to 5G

Approx. 200,000
base stations byaround 2025

Capex: 2.2 trn. yen in 5G and 6G over 10-year period▲2022.2

Rakuten Mobile▲2021.4▲2020.9

Launch ofcommercial
service

3.7㎓ band 28㎓z band

1.7㎓
allocated

P r o m o t e

Local

5G

Accelerate local 5G area
network deployment

28㎓ band 4.5㎓ band

Framework of local 5G

E x p a n s i o nExpansion of local 5G
frequencies▲2019.12
Allocation of frequencies(28㎓ band)o f▲2021.10

Population coverage: 96%(incl. 4G-only base stations)

Capital alliance between
JTOWER and Rakuten M.
Narrowing of KDDI roaming agreement

u s e

o d

l o c a ll o c a l

5 G

f r e q u e n c i e s

5 G ,Achieve plansubmitted to MIC
4 years in advancee t c .

Introduction of local 5G usage rules based on results of development verification tests▲2020.12
Allocation of frequencies※As of end 2022.1
102 companies/ municipalities have applied for license5４-1. Local 5G －Solution Co-Creation Labo－

Opened Local 5G Solution Co-Creation Labowith NTT docomo
5G-related tests for partnercompany products

Use of advanced
technologies

Creating new solutions
through collaboration

Launched of “5G Labo”(MIRAIT Shin-Kiba Building)

5G

Raise awareness of local 5G

Create new opportunities

Showcasing technologies ofpartner companies

Create new values

Exhibition/ negotiation area

promote the use of advanced
technologies

Testing area6

４-2. Local 5G －Verification test for e-Sports－

Participating in the building of local 5G
networks and technological tests(Local 5G Verification Test by Ministry of Internal Affairs and Communication)

Performance evaluation of local 5G
and testing of area systems

Creation of optimal
5G environment
7

5. EV Charger Installment
One of top Japanese companies in terms of track record for
EV charger installment work

○EV charger installation in NTT station parking lots
NTT Station

Repairs, remote monitoring

Operation check
EVs

Utility poles

After installation

86. Initiatives for underground power line projects
Adopted various new construction methods for work in narrow roads【Key features】
・Use of large construction machinery difficult due to requirement to preserve landscape・New methods adopted to shorten the construction period.
Reducing space undergroud

Completed

Before completion

Installment work

Comparison of Rate of Elimination of Power Poles with Other Countries

London/Paris/ Hong kong(2004）

100%

Singapore（2001）

100%

seoul（2017）
Tokyo 23 wards（2017）49%
8%

Source: Created by MIRAIT based on materials published by the Ministry of Land, Infrastructure, Transport and Tourism

97-1. ＤＸ（1）－ Electronic Shelf Tag System－
・Installment completed at Bic Camera and Sofmap; targeting further business expansion
・Combining online and offline stores to create the next-generation retail sales environment⇒Offering a new shopping experience and communication tool for customers
ServerPrice
Coordination

EC
WebsiteAchieve “retail store
DX” using electronic
shelf tags

Gate Way
Electronic Shelf Tag

Retail store DX solution⑦Customer support⑧E-flyers/ POP④Shelf inventory management①E-shelf
tags②LCD touch panel price rail
③Face recognition AI
thermal camera to track
visitors and attribution⑨Signage withtemperature check
function to track visitors/
show floor guide⑫AI⑤E-papersignage⑥Trackingof traffic
flow⑩Hanging displays⑪Cashless107-2. ＤＸ（2）－ Construction DX－
・Established “Infrastructure DX Social Lab” and “Infrastructure DX Center” for MLIT’s Chubu
Region Development Bureau, providing DX planning/ design/ construction, promotion and staff
training services
・New business creation through the combination of real and virtual environments
・PR targeting students（HQ）
and the public
Chubu Infrastructure ・Engagement withenterprises, etc.
DX Social Lab
・Information sharing with
Chubu technology

Online meeting

Real site
Shinmaruyama Dam
Construction Office

Tsukuba
DX Center

MLIT
DX Room
83DX
Network

Virtual site

Chubu
Infrastructure DX センターの活用
CenterAutomation/ autonomous machines

Site checks using AR・Actual use of BIM/CIM design
・4D work procedures
・Drones/ wearable cameras
・Use of ICT in and automation of
dam construction

・Training for BIM/CIM
・VR supervision/ inspection of actual site
・Remote operation of construction machinery

Creating new business by combining real and virtual environments
DX for training

DX for manufacturing

DX for medical

DX for other environments

117-3. ＤＸ（3）－ Building ICT environment at luxury hotels－
Built ICT environment for a luxury hotel with NTT Communications⇒Contributed to hotel DX

Guest room management
・Room status
・In-room orders
・Electricity control

Example）
ROKU KYOTO, LXR Hotels & Resorts（Opened September 16, 2021）【Construction work and facilities】
・Core network (LAN/WAN/Internet）, telephone system
・Hotel management system（PMS（Property Management System））connected✓ guest room control (air conditioning/ lights) ✓ IPTV ✓ in-room ordering system✓ guest card key system, etc.

・Automatic adjusting of lights and air conditioning when room is occupied/ unoccupied【Business opportunities】
・Expand hotel DX to realize smart cities

128. Initiatives in datacenter business
Expanding services using know-how accumulated through the operation of own DC
Operation of own DC and datacenter leasing business (“DC in DC”)
6/2018: Launched operations at Osaka No 1. Datacenter
5/2019: All floors occupied and running at full capacity
Know-how from Own DC
4/2020

Launch of “DC in DC” in Osaka City

Osaka No.1 Data Center

Expand services through “DC in DC”
Own DC“DC in DC”
Establish network in
response to client needs ※Expansion※Connect DCs with undergroundcables to expand service leveraging
know-how accumulated throughoperation of own DCs

13

9. Initiatives in drone business
Expand service line-up through business alliances, targeting markets such as facility
inspection, measurement, agriculture and disaster prevention/ recovery
Miratec Drone Corp. to lead the deployment of drone business across the MIRAIT
Group①Human resources/ locations
・Operation of drone schools: 1,000 drone pilots were trained in 4 years
・Launched courses for specific skills(photographic measurement, autonomous control)・Wide area services launched in partnership with 11 telecommunication
construction companies②Systems
・Sales distribution agreement with Japanese drone manufacturers(NTT eDrone Technology, Toko Tekko, ACSL)

Rescue drone（Toko Tekko）

・Launched drone maintenance service with Kinki Denki③Alliances
・Outside facility inspections using drones for telecom companies
・Supported adoption of drones for a large logistics company(tailor made training, dispatching of instructors, providing of drones)
・Launched water pipe bridge inspection service in response to demand
from municipalities

Water pipe bridge
inspection

1410. Initiatives in global businesses
Group net sales forecast for FYE 3/22: 21.4 bil. yen(+ 1.7 bil. yen yoy)
（ICT category（Lantrovision）

18.4 bil. yen, Multi-carrier category (Australia)

3.0 bil. yen）

Lantrovision business strategy
・Recover and stably grow core businesses (cabling)/ expand business domains through M&A⇒ Core business (cabling) is recovering despite impact from COVID-19⇒ Business to recover to pre-COVID-19 levels next year on the back of growth in DC market⇒ Promote new business acquired through M&A of YL Integrated and Shanghai Changling⇒ Shanghai Changling to expand tower sharing business to cities outside of Shanghai

1511. Aquarium/Museum and Community Development Capital and business alliance with MMD Co., Ltd., a company
engaged in planning, design, construction and operation of
aquarium/museum and communities. (Press release dated Jan 13,2021)
 Launch of service to provide energy and ICT-related DX
solutions

Aquariums are in greater demand due to the risein consumption of “experiences” and importanceof community facilities. MIRAIT Group will
collaborate with partner companies to

ＭＭＤ Co., Ltd. is a start-up company founded by Naoyuki Kato who has been involved in manyaquarium/ museum projects in Japan and overseas. The company is one of the few companies in Japanthat provide one-stop services for planning, design, construction and operation of such facilities.
MIRAIT Group is also working with MMD in verification tests and assessment/ development for the
implementation of next-generation long-distance power line communication.

16

12. DX using Communication Robots
 MIRAIT Corporation strengthened its relationship with hapi-robo st Inc. by
way of capital investment and business alliance (announced Jan. 28,2022). hapi-robo st is the distributor in Japan for AI communication robot“temi”, engaged in importing, planning/ development support, verification
testing/ implementation and market deployment.

MIRAIT will offer DX solutions using the communication robot “temi” tosupport the creation of smart social infrastructure.
Digital teleportation anywhere in the world
A “communication robot” equipped with a smart speaker and running autonomously based on AI offering unlimited potential

AI assistant function

Telepresence
Hands-freeVideo chat

Telepresence

Telepresence

Mobility

Open development platform* The SDK is available on GitHub

1713. Tower Sharing Business
Investment in Philippine Telecommunications Tower
Provider LBS Digital Infrastructure Corp.(“LDIC”)(Press release dated March 8,2022)

Lantrovision (S) Ltd (head office: Singapore)acquired 50.1% of the issued shares of Shanghai
Changling Communication Equipment Co., Ltd.,
which has accomplishments in the construction of
telecommunications towers and sharing services
mainly in Shanghai, China in May,2020.
Invest with Sojitz Corporation, a general trading
company, in the newly established LBS Digital
Infrastructure Corp. (“LDIC”) to conduct
telecommunications tower business in thePhilippines, which has a nascenttelecommunications tower market that is
expected to to be one of the fastest growing
markets in Asia.

In the Philippines, aims to fundamentally improve the efficiency of onstruction
and operation of social infrastructure, and the creation of new value.
1814. Designated as DX-Certified Business Operator

Achieved DX Certification from METI(DX-Certified Business Operator)

Creating new values

Contribute to DX ofcommunities/
enterprises

Point group dataacquisition service

1915. Inclusion in JPX-Nikkei 400

Selected as constituent for JPX-Nikkei 400
index in FY2021

Comprised of companies that meet global investment
standards such as the efficient use of capital andinvestor-focused management perspectives

Enhanced corporate value

2016. Selected in Top Hundred Telework Pioneers by
The Ministry of Internal Affairs and Communications

MIRAIT Corporation, which is a Group company
of MIRAIT Holdings Corporation, was selectedby the Ministry of Internal Affairs andCommunications in the “Top Hundred Telework
Pioneers” for fiscal 2021.

The Company will continue to promote telework
as one of many diverse and flexible work styles
as it proceeds to implement work style reforms.
2117. TSE TOPIX New Index Series

MIRAIT Holdings was selected as a constituent of
TSE’s TOPIX New Index Series as a result of theperiodic review (announced Oct. 7, 2021)（from Oct. 29, 2021)
2218. New TSE Market Segment

MIRAIT Holdings will be listed on thefollowing the restructuring of the TSE market
segments effective April 4, 2022.

2319. Endorsement of TCFD Recommendations

The MIRAIT
Group
has
endorsed
the※１
TCFD recommendations
and has become a member of the※２
TCFD Consortium

With the endorsement of the TCFD recommendations and participationin the TCFD Consortium, the MIRAIT Group will assess the risks andopportunities related to climate change and improve on the disclosure ofsuch information.
*1 TCFD is an abbreviation for the Task Force on Climaterelated Financial Disclosures established by the Financial
Stability Board (FSB) in response to a request by G20. In its final
report published in June 2017, it recommends that companies
disclose information on the financial impact of risks andopportunities related to climate change on management.

*2 The TCFD Consortium is an organization made up ofcompanies and financial institutions supporting the TCFD thatwas established as a forum to discuss effective disclosure bycompanies and initiatives for ensuring the disclosed
information leads to appropriate investment decisions byfinancial institutions, etc.

2420-1. ESG Initiatives－ Environment －E

Environment● ISO14001 certification achieved for environmental management system●Protection of biodiversity⇒Contributing to the environment through continued forest preservation
activities, etc.
●Climate change initiatives⇒Work to build renewable energy-related facilities across the group（solar power generation, EV chargers, rechargeable battery systems）⇒Installment of LED lights and solar power generation facilities at branch
offices⇒Eco-driving of company-owned vehicles●Recycling of construction by-products⇒Use of ECO drums⇒Thermal treatment of use work attire and helmets, etc.
⇒Promoting paper-less at meetings●Securing of safe water⇒Work for water utilities across the group⇒Sales of the “Photoruction Water” Water Pipe Construction Management
System⇒Field Trial of Water Pipe Leak Prediction Utilizing AI Technology（Kumamoto City）⇒Water sampling and algae testing using drones⇒Provision of self-cleaning system (Nanogate) for water utility pipes

2520-2. ESG Initiatives－ Social －S

Society● ISO45001 certification achieved for occupational health& safety management●Well-being and safety⇒Patrolling for safety⇒Training to experience danger⇒Support to manage physical well-being and mental health●Human rights and community⇒Building of social infrastructure（telecom/ surveillance cameras/ highways）⇒Early reconstruction of social infrastructure following severe natural
disasters⇒Promoting diversity（hiring of female/ senior/disabled employees）⇒Active hiring of local staff in overseas offices●Labor standards⇒Promoting workstyle reforms
・Avoiding excessive overtime work and encouraging staff to takeannual paid leave
・Establishment of framework for flexible/ irregular working hours andteleworking
・Improving efficiency through DX

26

20-3. ESG Initiatives － Governance －G

Governance●Complied with all 83 items stipulated in the Corporate Governance Code（December 2021）●Transition to a Company with an Audit and Supervisory Committee(the assumption that it will be approved in the 12 th Ordinary General Meeting of Shareholders to be heldin June 2022, as stated below)●Corporate governance⇒Established Nomination and Compensation Committee chaired by outside director (December 2018)⇒Introduced performance-based stock remuneration system for directors and executive officers(excluding outside directors and non-executive directors) （September 2016）
Expanded scope to include the three acquired companies（December 2019）⇒Self-assessment regarding effectiveness of Board of Directors●Anti-corruption measures⇒Established internal governance system for appropriate group management⇒Deliberation of specific issues at Compliance Committee, etc.
⇒Formulation and distribution of compliance manual to enforce corporate ethics⇒Established external contact point for whistleblowing（“nandemo” counselling, compliance comment box）

⇒Payment of taxes in compliance with laws and regulations in each country/ region●Risk management⇒Appropriate risk management by Risk Management Committee, etc.
⇒Thorough management of information using information security management system⇒Formulation of BCP, employee safety confirmation system, execution of safety drills, and other initiatives toprepare for cases of emergency

27

21-1. Mirai College（1）MIRAIT Group “Mirai College”
Developing skills in new areas/ training multi-skilled engineers

Real

DigitalCampusCampusSingapore

Kobe（Rokko） Sendai

Hiroshima

Experiencing
leading-edge
technology
ＳＯＬ

ＬＭＳ
Management

Kumagaya

Imabari

Ichikawa

Ｌearning
Management
SystemAnytime/anywhere in Japan

All-MIRAIT GroupＳＴＫ

ＭＨＤ／ＭＲＴ／ＭＴＣ

ＴＴＫ

ＬＴＶ

Core entities (group companies)
Subcontractors

28

21-1. Mirai College（2）Launch of corporate university“Mirai College” in July 20222922. Women Empowerment

Empowering
women

30

23. Safety measures■ Securing safety

１．Safety is the “rivet of a fan”●

２．“Scientific” approach to safety
３．Clear “KPIs” to reduce accidents■ Health management in a ”with-COVID” eraPreventing infection and heatstroke/
maintaining mental and physical health 31

24. Safety is the Rivet of a Fan

MIRAIT Group’s slogan for safety

I will protect my own lifeand my coworkers’ lives

32

25-1. Supplementary Financial Information（Assets, Liabilities and Net Assets）

Assets, Liabilities and Net Assets
Balance Sheet as of March 31, 2021
(Unit: bil. yen)

Balance Sheet as of December 31, 2021
(Unit: bil. yen)

Liabilities
127.4
Total assets
358.7

Accounts payable for construction
contracts: and others 63.2
Interest-bearing debt: 10.1

Liabilities
99.7
Total assets
337.6(Breakdown)
Current assets: 233.4(Breakdown)
Current assets: 216.3

Cash and deposits: 44.7
Accounts receivable from completed
construction contracts: 147.6
Costs on uncompleted construction
contracts and other :30.7

Cash and deposits: 38.0
Accounts receivable fromcompleted construction contracts:
120.9
Costs on uncompleted construction
contracts and other :42.4

Non-current assets: 125.2
Tangible fixed assets: 86.6
Intangible fixed assets: 7.5
Investments and other assets: 31.0

Net assets
231.3(Breakdown)
Capital stock: 7.0
Capital surplus: 69.5
Retained earnings: 155.2
Treasury stock: -10.8
Minority interest: 4.9* Figures are rounded down to one decimal place (bil. yen).

Non-current assets: 121.3
Tangible fixed assets: 88.2
Intangible fixed assets: 8.2
Investments and other assets:
24.8

Accounts payable for construction
contracts: and others 50.7
Interest-bearing debt: 9.2

Net assets
237.8

Equity capital:
232.8
Equity ratio:
69.0%(Breakdown)
Capital stock: 7.0
Capital surplus: 69.6
Retained earnings: 165.9
Treasury stock: -13.8
Minority interest: 5.0

33

25-2. Supplementary Financial Information（Changes in Cash Position）
Cash Flows
Units: bil. yen

FYE March
2018

FYE March
2019

FYE March
2020

FYE March
2021

FYE March
2021 Q3FYE March2022 Q3

Operating cash flow

12.5

6.4

7.9

41.6

30.5

1.1

Investment cash flow

- 10.0- 13.5

- 9.1

1.8

4.6

0.5

Financial cash flow

- 3.6

- 1.9

- 2.8

- 32.2- 30.0- 0.9

Free cash flow

2.5

- 7.1

- 1.2

43.4

35.1

1.6

(Note) Free cash flow = operating cash flow + investment cash flow

Cash and Deposits/ Interest-bearing Debt
Units: bil. yen

FYE March
2018

FYE March
2019

FYE March
2020

FYE March
2021

FYE March
2021 Q2FYE March2022 Q2

Cash and cash equivalents

32.2

35.6

31.6

42.8

36.6

36.0

Interest-bearing debt

- 19.0- 30.0- 27.8- 10.1- 12.3- 9.2

Net cash

13.2

5.6

3.8

32.7

24.3

26.8

(Notes) 1. Net cash is the amount obtained by deducting interest-bearing debt from cash and cash equivalents.
2. Cash and cash equivalents exclude deposits and securities not maturing within three months.
* Figures are rounded down to one decimal place (bil. yen).

34

25-3. Supplementary Financial Information（Key Performance Indicators）
Capital Expenditure / Depreciation and AmortizationFYE March 2018

FYE March 2019

FYE March 2020

FYE March 2021

FYE March 2022
(Forecast)

Capital expenditure

12.6

19.3

9.1

10.5

10.0

Depreciation andamortization

3.0

4.0

5.8

6.2

6.1

FYE March 2018

FYE March 2019

FYE March 2020

FYE March 2021

Equity ratio

58.5%

59.3%

61.2%

63.1%

Return on equity (ROE)

8.8%

15.4%

7.4%

11.0%

Return on assets
(ROA)

5.1%

4.5%

6.8%

Unit: bil. yen

Capital-related Indicators（9.4%）

9.1%(Note) FYE 3/2019 figures in () exclude the impact of extraordinary gains from recent acquisitions (negative goodwill of 10.0 bil. yen).

* Figures are rounded down to one decimal place (bil. yen).

35

25-4. Supplementary Financial Information（Shareholder Return and Shares Outstanding）
Shareholder Return IndicatorsFYE March 2018
Dividend payout ratio

24.1%

Total return ratio

24.1%

FYE March 2019

13.5%
（23.6%）

13.5%（23.6%）FYE March 2020

FYE March 2021

FYE March 2022
(Forecast)

26.7%

19.6%

24.5%

95.4%

59.0％

46.6%

(Note) FYE 3/2019 figures in () exclude the impact of extraordinary gains from the recent acquisitions (negative goodwill of 10.0 bil. yen).

Shares Outstanding
Unit: 1,000 shares

FYE March 2018

FYE March 2019

FYE March 2020

FYE March 2021

Issued number ofshares85,381

108,325

108,325

108,325

Number of dilutive
shares

12,061

12,098－－

Number of treasury
shares

5,840

6,418

479

6,482

Earnings per share（EPS）

145.41yen

295.34yen

149.93yen

229.59yen

Total Shareholder
Return（TSR）

196.3%

192.2%

166.5%

225.1%（Note） １．EPS for FYE 3/2019 includes impact of extraordinary gains from acquisitions (negative goodwill of 10.0 bil. yen)
２．TSR is based on figures from the past 5 years.

3626. Share price trends（March 31, 2018 - December 31, 2021）■Performance of MIRAIT compared to major indices (Closing price)
September.14, 2021
2,400 yen (highest)

TOPIX

45%

N225

35%

当社
25%
15%
5%
-5%
-15%

Closing price on December 30, 2021
 Share Price 1 , 8 9 7 yen
 ＰＥＲ
8.47X
 ＰＢＲ
0.85X
 Dividend yield 2 . 9 0 ％March 31, 2018
1,694 yen

-25%
-35%
2018.32018年3月

2019.32019年3月

2020年3月
2020.32021年3月
2021.337

27. Major Shareholders (As of September 30, 2021)
Shareholder

Number of
Shares Held(thousands)

Shareholding
Ratio
(%)

The Master Trust Bank of Japan, Ltd(Trust Account)

13,628

13.6

Custody Bank of Japan, Ltd. (Trust Account)

10,624

10.6

3,668

3.7

Sumitomo Electric Industries, Ltd.
Sumitomo Densetsu Co, Ltd.

2,488

2.5

GOVERNMENT OF NORWAY

2,135

2.1

MIRAIT Holdings Employee's Stock Option Plan

1,920

1.9

STATE STREET BANK AND TRUST COMPANY 505001

1,478

1.5

The Nomura Trust and Banking Co., Ltd(Investment trust account)

1,362

1.4

Mizuho Bank, Ltd.

1,300

1.3

STATE STREET BANK AND TRUST COMPANY 505103

1,229

1.2

Shareholder Composition（Treasury stock is excluded）

Individuals
22.6%

Financial
institutions
38.4%

Japanese
corporations
11.7%
Foreigncorporations
26.4%

Securities
Companies
0.9%*1 The ratio of shares held is calculated after subtracting the treasury shares (7,941,546).
*2 The number of shares held shown is rounded down to the nearest 100 shares and the ownership is calculated by rounding off to one decimal place.

3828. Changes in Shareholder Benefit PlanQUO Card or donation to Special Olympics Japan (NPO)BeforeNo of shares

Duration ofshareholding

Amount100 +１ year +1,000 yen

１ – 3 years

2,000 yen

３ years +3,000 yen

1,000 +

Record date

DeliveryMarch 31

Mid-July
following
record date

New category for 500-1,000 shares; increase in benefit amount by 1,000 yen
for shareholders with 1,000+ shares

After

No of shares

Duration ofshareholding

Amount100 +１ year +1,000yen

500 or more

１ year or more

2,000yen.

１ - 3 years

3,000yen.

３ years +4,000yen.

Record date

DeliveryMarch 31

Mid-July
following
record date

1,000 +

New plan will apply to shareholders on the records as of March 31, 2022.

39

Building and Maintaining a Bridge to the FuturePrecautionary Statement
Statements and quotes relevant to the forecasted values in thishandout are the future prospects based on the plans and prospects of
the Company at this point in time.
The actual business results could be significantly different from thosestated in this handout due to changes in conditions.
As such, please be advised that we will not be able to guarantee theaccuracy of the forecasted values, in this handout and the session,over the period of time to come in the future.

MIRAIT Holdings Corporation