Financial Results Presentation for Q2 FY2025 [PDF:3MB]

‌The Power to Build Tomorrow.

Financial Results Presentation for Q2 FY2025

November 21, 2025

MIRAIT ONE Corporation

‌Today's Agenda

Ⅰ

Financial Results for Q2 FY2025

Ⅱ

Key Initiatives

Ⅲ Progress of MIRAIT ONE Group

Vision 2030

‌Ⅰ. Financial Results for Q2 FY2025

‌FY2025 2Q Financial Summary

	FY2024 ２Q Results	FY2025 ２Q Results	Change (increase)
Orders received	319.2	341.7	＋22.5
Net sales	249.9	258.8	＋8.9
Gross profit （margin）	32.6 (13.0％)	36.7 (14.2％)	＋4.1 (＋1.2p)
EBITDA （margin）	11.1 (4.4％)	14.7 (5.7％)	＋3.6 (＋1.3p)
Operating income （margin）	4.7 (1.9％)	7.9 (3.1％)	＋3.2 (＋1.2p)
Net income	1.4	4.6	＋3.2

Year-on-year increase in Orders received, Net sales, and Operating income

‌Orders received

Record-high orders

262.1

319.2

64%

22.5

（＋7.0％ Increase ）

Non-carrier

business

63%

45％

45％

MIRAI (future) domains composition ratio

( ＋ )

Carrier business

Environmental and

Social innovation

( ＋ ) ICT solution

37%

36%

( ＋ ) NTT

‌Net sales

216.6

249.9

8.9

Record-high sales

（＋3.6％ Increase ）

Non-carrier business Carrier

business

59%

44％

59%

41％

MIRAI (future) domains composition ratio

( － )

Environmental and

Social innovation

( ＋ ) ICT solution

41%

41%

( ＋ )

NTT

‌Net sales（Business Division)

Corporate/Environmental and social infrastructure domain 1/2

Net Sales

（ －2.2 bil. yen yoy ）

( ＋ )

( flat)

( － )

( － )

‌Net sales（Business Division)

Corporate/Environmental and social infrastructure domain 2/2

ICT solution

Net Sales

（ ＋7.7 bil. yen yoy ）

( ＋ )

( ＋ )

( ＋ )

( ＋ )

Global LAN etc. Software

Sales of goods

‌Net sales（Business Division)

ＮＴＴ

Net Sales

（ ＋ 4.9 bil. yen yoy ）

( ＋ )

( ＋ )

Fixed-line Mobile

‌Net sales（Business Division)

Multi-carrier

Net Sales

（－1.5 bil. yen yoy ）

( － )

( ＋ )

Mobile

Fixed-line/CATV

‌EBITDA /

Operating income ( margin)

EBITDA

（＋32.4％）

Depreciation goodwill

EBITDA

margin

4.4%

5.7%

（＋68.1％）

Operating income margin

Operating income

3.3%

1.1%

24

FY2023

2Q

1.9%

47

FY2024

2Q

3.1%

79

FY2025

2Q

Gross profit Increase

＋4.1

‌Gross profit

＋1.8

＋0.6

+2.4

＋1.7

- 0.9

4.1

（＋12.6％ Increase ）

FY2024 2Q

FY2025 2Q

‌Net income

3.2 bil. yen

1.4

0.2

Increase

FY2023

2Q

FY2024

2Q

FY2025 2Q

‌FY2025 full-year forecast

No revision to full-year forecast

Orders received

Net sales

Gross profit

（margin）

EBITDA

（margin）

Operating income

（margin）

Net income

FY2024

Full-year Results

629.2

578.6

84.8

（14.7％）

41.7

（7.2％）

28.0

（4.8％）

17.2

FY2025

full-year forecast

630.0

620.0

93.0

（15.0％）

48.0

（7.7％）

34.0

（5.5％）

21.0

Change

(increase)

+0.8

+41.4

+8.2

(+0.3pt)

+6.3

(+0.5pt)

+6.0

(+0.7pt)

+3.8

‌Annual Dividend per share 85 yen

from previous year planned

10 yen increase

Share repurchase 3.0bil. yen

Already executed

in the first half

Active shareholder returns

Total return ratio Target range 50～70％

Total return

ratio

50％

Financial/capital strategy

Enhance investment for growth

FY2024

FY2025

（FY2026）

ＲＯＥ

6.7 ％

8.0 ％

10 ％＋

@189yen

@236yen

10 ％＋

(per year)

＋25％

©2025 MIRAIT ONE Corporation All Rights Reserved | 15

‌Ⅱ. Key Initiatives

‌Going "Beyond a Telecommunications Construction Company"

Creating New Added Value Through Business Synergies

Achieving MIRAIT ONE Group Vision 2030

Consolidated Management

through "Multiplying" value

Accelerating business collaboration among MIRAIT ONE Group companies

Strengthening and evolving partnerships

Toward further growth

Customer-oriented shift

Business domain expansion

Utilization of new technologies

Consolidated Management

through "Adding" businesses

Strengthening the businesses of MIRAIT ONE Group companies Collaborating with partner companies

‌Shift Toward Customer Orientation

Creating Added Value and Expanding Proposal-Based

Sales from the Customer's Perspective

（Tohoku）

Full-value type

From planning/ proposal

Establishment of the CMO

Customers

(Chief Marketing Officer)

• Creating customer value through sales

  （Chugoku）

  model

  Multi-engineering

  to operation/ maintenance

  collaboration

• Solution provision

• Developing new customers

  （Shikoku）

  MIRAIT ONE SYSTEMS

  ‌Y2S Becomes a Consolidated Subsidiary and

  Expansion of the Group's O&M Business

  Expansion of ICT Solution O&M※

  
  
  

  ※Operation & Management

  To date

  Expansion of ICT and Cloud O&M

  Expansion into

  cloud-related domains

  Cloud maintenance

  (cloud, security, etc.)

  Deployment of managed services

  Cloud maintenance

  (cloud, security, etc.)

  Expansion into environmental and social infrastructure

  Expansion into infrastructure

  Solar power generation/

  Battery storage

  On-site maintenance (on-premise equipment, LAN, etc.)

On-site maintenance (on-premise equipment, LAN, etc.)

On-site maintenance (on-premise equipment, LAN, etc.)

ZEB

Managed service model

(proposals and improvements)

Urban ommunity creation

On-site system Construction

(on-premise equipment, LAN, etc.)

On-site system Construction

(on-premise equipment,

LAN, etc.)

On-site system Construction

(on-premise equipment, LAN, etc.)

‌Efforts Toward the Rapidly Expanding

Container-type Data Center Business

FY2025 Orders received target：

7.0 bil.yen

Responding to Growing AI Demand with Fast, One-stop, and Flexible Deployment

One-stop provision

container

service

• One-stop

• Container

  lineup

  • Service lineup

Site survey

Design Procurement

Assembly

（Air-cooling）

（Large air-cooling）

GPU server

on demand dedicated Multi-vendor

Customers

GPU server etc. users

Testing

Maintenance

（Water cooling）

Customers

Container owners

(landowners, SI-ers, etc.)

‌Ⅲ. Progress of MIRAIT ONE Group Vision 2030

‌New Business strategy：

5 Changes

Ｅ Ｓ Ｇ

Ｃｈａｎｇｅ １

Ｃｈａｎｇｅ ３

People-centric management

Ｃｈａｎｇｅ２

Acceleration of business growth

Top-class profitability

Ｃｈａｎｇｅ ４

Management based on data insights

Ｃｈａｎｇｅ ５

Strong foundation for ESG management

‌Change 1

Progress in People-Centric management

Over 40% progress

20～40％

Below 20％

FY2024

First half of FY2025 FY2026

Mobilizing personnel

to growth areas

Number of mobilized personnel

800＋

FY2025

Forecast

700 employees +

Personnel development interviews with all MOC employees

900＋

1,000＋

MIRAI College

Partner company

64.1％

FY2025

65％+

Partner company

utilization ratio

56.3％

utilization ratio Number of Courses

558

courses

Forecast

60％

600 courses ＋

（of which ：300

Number of Courses

432

（of which ：267

NEW

in-house courses)

450 courses

in-house courses)

Attended by

20,039

Attended by

20,856

Promoting work-life style reform

Engagement survey

Achieved the FY2026 target ahead of schedule

FY2025

Increased engagement

Forecast

Engagement survey

Score 50.4

Score 50.4

＋2.0

Score 52.4

Score51+

Score52+

New graduate recruitment

129 employees

Expansion of JOB-type employment (52 employees)

Scheduled new hires for FY2026

121 persons

approx. 50

100+

Enhance further

100+

Studying work-style reforms

for senior employees

Establishment of the Human

Capital version of the MIRAIT One Value Creation

Enhancing and expanding post-retirement re-employment opportunities to support senior workforce participation

(May 2025)

Enhancing the MIRAIT ONE-style "Human Capital Value-

Creation Model" and disclosing it in the Annual Securities

Acquire

Model

Promoting and expanding

Report (June 2025)

Formulating a new Health & Productivity Management

"White 500"

certification

Health & Productivity

Declaration and setting KGIs for health management

（one of the top 500

Management certification 59.2

(October 2025)

companies）

‌Change 2

Acceleration of business growth

Over 40% progress

20～40％

Below 20％

FY2024 First half of FY2025 FY2026

Promoting "urban and regional development"/ "Corporate DX

and GX" businesses

10.0bil. yen

3.3bil. yen

Energy management connecting municipal government buildings

Pursuing hydrogen-related business

FY2025

Forecast

7.5bil. yen

Net sales 30.0bil. yen

（Exhibiting at Expo; hosting related events） Steady expansion of charging-station projects

Expansion of Green Energy business

5.8bil. yen

FY2025

Forecast

Net sales

19.0bil. yen

Strengthening collaboration with partner companies

29.0bil. yen

30.0bil. yen

（Expanding projects in renewable energy, EVs, and battery-storage facilities）

Pursuing grid interconnection-line projects

Expansion of Global business

45.0 bil. yen

23.0bil. yen

Data Center

related business

17.5bil. yen

Construction Business

Telecommunications

4.5bil. yen

FY2025

Forecast

46.0bil. yen

Net sales 50.0bil. yen

Tower business

1.0bil. yen

‌Change 2

Acceleration of business growth

Over 40% progress

20～40％

Below 20％

FY2024 First half of FY2025 FY2026

SBK-KKC-MOC

Business synergies

Order amount

Public utility infrastructure management business

9.1bil. yen

Order amount 12.4bil. yen

construction business

10.9bil. yen

Resort facility construction and

renovation projects, among others

FY2025

Forecast

20.0bil. yen

Order amount

30.0bil. yen

1.4bil. yen

New conduit installation projects for energy operators Bridge monitoring projects for railway operators,

among others

Zero carbon city Business

0.1bil. yen

Energy-saving projects for university campuses, among others

Data center Business

Order amount

46.0bil. yen

Order amount 31.0bil. yen

Promoting personnel mobility

Strengthened collaboration between Japan and overseas (LTV)

Container-type data centers:

FY2025

Forecast

50.0bil. yen

Order amount

65.0bil. yen

Opened lab facility; providing one-stop DC solutions Major orders

・2 large-scale DC/UPS projects: 4.7bil yen in total

・Consulting contract for development of another

company's DC business

※ SBK：SEIBU CONSTRUCTION CO.,LTD., KKC：Kokusai Kogyo Co., Ltd.

©2025 MIRAIT ONE Corporation All Rights Reserved | 25

‌Change 3

Progress in profitability improvements

Over 40% progress

20～40％

Below 20％

～FY2024

Effect of integration

First half of FY2025 FY2026

FY2025

of 3 companies

1.9 bil. yen

cumulative,

Promoting continuous cost-reduction initiatives driven by regular benchmark comparisons

Forecast

2.6bil. yen

cumulative, from FY2022

4.0bil. Yen

cumulative, from FY2022

from FY2023

Improving Gross profit Margin in the telecommunications

Established a subsidiary centered on BPO functions

⇒MIRAIT ONE BUSINESS PARTNERS launched on October 1

1.4pt UP（FY2022 13.0%⇒ First half of FY2025 14.4％）

Reference：First half of FY2024 13.3％

* First half of FY2025 14.4％（+1.1pt）

infrastructure domain

1.6pt UP

YoY

Value chain reform

Gaining efficiencies through

Reorganization of organization

Indirect operations not limited to a specific area Introduced and embedded construction-support systems; expanding applicable operations Promote the development of multi-skilled workers for both fixed and mobile business

Carrier business

Margin improvement

3%+

（vs FY2022）

（13.0⇒14.6％）

(FY2022 ⇒ FY2024)

※ Change 3 impact assessed annually

Realizing integration synergies at MIRAIT ONE NEXT

(target: 300 million yen annually)

Optimization of area management system through regional management reform

Review of integrating subsidiaries engaged in mobile and etc in Western Japan (target completion: July 2026)

©2025 MIRAIT ONE Corporation All Rights Reserved | 26

‌Change 4

Management based on data insights

Over 40% progress

20～40％

Below 20％

～FY2024 First half of FY2025 FY2026

DX Human Capital Development

DX core human capital

2,500 people DX leader human capital

50 people

Utilizing generative AI

DX leader human capital

Around 70 people

Conducted basic DX practical training for young employees of Mirait One

Around 100 people

Active Users 9,500 people over

FY2025

Forecast

DX leader human capital

Around 140 people

FY2025

Forecast

DX leader human capital Around

250 people

12,000

（upward revision）

Target achieved;

※As of October 31

10,000

Active Users

Active Users

1,700 people

upward revision applied

Utilizing generative AI apps 25

（upward revision）

Active Users

Sharing of

generative AI

Utilizing generative

Sharing of generative

520

Sharing of

use cases

AI apps 22

AI use cases

generative AI

Sharing of generative AI use cases 200

Data insight initiative Revamp of core system

（5 major companies）

Initiation of task forces for data insight management

Roll out of completion

forecasting tool solution in the organization,

Target achieved; upward revision applied

AI-based risk extraction utilizing

historical case data (launched in July)

Initiated establishment of organizational framework for management based on data insights

Began building a shared platform to enable document-based data

use cases 700（upward revision）

FY2025

Forecast

Advanced utilization of mission-critical (core) system data

Improving work quality through document data insights

1,000

（upward revision）

Implementation of Data Insight Management

improving accuracy

insights

©2025 MIRAIT ONE Corporation All Rights Reserved | 27

AI Utilization and Future Initiatives

‌Advanced business operations

Top-down

On-site capability enhancement

Bottom-up

Historical data

Risk management app

・Risk assessment report

・contract

・Construction specifications

• Project risk management 』

Data insights

Platform

development

Business transformation

Fundamental operational reform

"AI agent"deployment

across all operations

① Group companies with Gen-AI platform deployed

41companies

（As of October 31, 2025）

Results for October 2025

② Gen-AI platform users

9,577employe

（60% of group employees)

es/month

secure Gen-AI platform development for all employees

③ In-house AI applications and usage status

In-house AI app

Promoting in-house AI app development and deployment across the Group

25types

（As of October 31, 2025）

Usage count

6,912times/month

（Average for April-October 2025）

©2025 MIRAIT ONE Corporation All Rights Reserved | 28

‌Change 5

Efforts on Strong foundation for ESG management

～FY2024 First half of FY2025 FY2026

Environment

Reduction of Green House Gas emissions

FY2023

Switching to renewable energy electricity for own buildings Renew general vehicles

to EV/HV

FY2025

Forecast

Switching 100％（※2） Renew 40%+

FY2030 target

（※１）

Scope 1,2 －42％

GHG cumulative reduction rate

FY 2024 Cumulative GHG Reduction Rate - Disclosure

（※１） Scope 1+2－16.7%

Scope 3 －30.7%

【vs FY2020】

* Scope 1,2 －25.3％

* Scope 3 －20.2％

【vs FY2020】

（※１） Scope 3 －25%

【vs FY2020】

Industrial waste

Completion of Electronic Manifest Implementation at 100%

final disposal ratio

2.28%

Safety

Facilitating Contractor Selection and Transition FY 2024 Final Disposal Rate - Disclosure ⇒1.71％

Major equipment accidents Zero

FY2030 target

1.5% or below

Zero

Major equipment accidents Major personal accidents

zero 1case

Major personal accidents Zero

（ALWAYS)

Governance Structure

NEW From July 2025:

Transition from the 'ESG Management Promotion Committee' to

the 'Sustainability Committe

NEW

NEW

NEW Platinum

NEW NEW Erubosh

）

ESG

Evaluation／ Certification

Signatory to the United Nations Global Compact

(May 2025)

EcoVadis

「Bronze Medal」

(October 2025)

Selected as a constituent of the Index for the 3rd consecutive year

Kurumin

Kurumin

(3rd stage)

（※1） GHG reduction targets/emissions are for MOC group excluding KKC (details including KKC are disclosed on the website)

TTK MOC/SOL SBK、KKC

Awarded：KKC Awarded：MSS

(※2) Excluding three buildings owned by Mirait One subsidiaries in areas where renewable energy power cannot be procured at this time

©2025 MIRAIT ONE Corporation All Rights Reserved | 29

‌Precautionary Statement

Statements and quotes relevant to the forecasted values in this handout 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 those

stated in this handout due to changes in conditions.

As such, please be advised that we will not be able to guarantee the accuracy of the forecasted values, in this handout and the session, over the period of time to come in the future.

MIRAIT ONE Corporation

©2025 MIRAIT ONE Corporation All Rights Reserved | 30