Transforming the business portfolio

「In addition, to respond to rapid changes in the business environment, including technological innovation such as AI and changes in customer demand, the company will absorb ㈱ミライト・ワン・システムズ, a group subsidiary, and pursue the maximisation of “three-way business synergies” with 西武建設, 国際航業 and others. Through these measures, it will focus on creating added value and improving productivity across the group, with the aim of achieving medium-term growth.」

「Effective 1 October 2025, the company will consolidate 2 group companies responsible for common operations into 1 company, with the new company name being ㈱ミライト・ワン・ビジネスパートナーズ, with the aim of improving operational efficiency and developing the business in the future.」

「Investment by the telecommunications carriers that are the company’s main customers is shifting from the construction of telecommunications infrastructure to improving communications quality and developing new service fields, and the “Telecommunications Infrastructure Domain” is expected to contract over the medium to long term. Meanwhile, further growth opportunities are emerging in the “Corporate/Environmental and Social Infrastructure Domain,” including measures to address aging infrastructure such as roads, bridges, and water and sewage pipelines, initiatives to achieve a carbon-neutral society, responses to natural disasters associated with climate change, and expanding demand for data centres driven by the rapid spread of artificial intelligence (AI).」

「In addition to working to improve productivity through DX initiatives in existing businesses, the company began reforming regional management. It is working to secure profits by sharing and consolidating the assets of the career businesses of 3 regional companies in Tohoku and Chugoku-Shikoku with those of MIRAIT ONE’s branches, and to expand the top line by consolidating and strengthening the ICT business.」

「The company is working to strengthen its sales capabilities and expand its customer base in growth fields, as well as reinforce its management platform, including by making 国際航業株式会社 a subsidiary through the acquisition of its shares on 20 December 2023, with the aim of generating business synergies in the “Mirai Domain” focus areas of community and regional development, corporate DX and GX, and achieving “vertical integration” to accelerate the full-value model. In addition, it began considering the reorganisation of the fixed-line access subsidiaries in the NTT business, scheduled for October 2024, to further improve productivity in existing businesses, expand into new business areas and strengthen governance.」

「As announced today, the company has decided to make 国際航業株式会社 a subsidiary, with the acquisition of its shares scheduled for 22 December 2023.」

「This fiscal year is positioned as the year in which business growth driven by human capital development will begin, with an acceleration of the shift into the “Mirai Domain” businesses.」

「As major initiatives during the previous fiscal year, the company advanced Mirai College, which opened in July last year, to develop employees holding multiple qualifications through reskilling, strengthened its initiatives in the green energy business, and promoted joint development of advanced full-value case studies through synergies with 西武建設㈱.」

「In addition, following the reorganisation of the system integration business organisation during the second quarter of the current consolidated fiscal year, the company added the reporting segment “MIRAIT ONE SYSTEMS.”」

「In addition, with the aim of accelerating decision-making across the group, streamlining the management structure, concentrating management resources, reducing costs, further strengthening earnings power and enhancing corporate value, the company integrated with its consolidated subsidiaries ㈱ミライト and ㈱ミライト・テクノロジーズ and made a new start as MIRAIT ONE Corporation on 1 July 2022.」

「The company entered into a merger agreement with its consolidated subsidiaries ㈱ミライト and ㈱ミライト・テクノロジーズ, and will make a new start as MIRAIT ONE Corporation on 1 July 2022. In addition, it is undertaking the reorganisation of the system integration business organisations of its group companies and 5 system integration companies, while accelerating the transformation of its business structure in response to changes in the business environment, including efforts to promote collaboration with the civil engineering and construction businesses of 西武建設株式会社, which joined the group on 31 March 2022.」

「The Group is accelerating the transformation of its business structure by preparing for the integration of the Group and its consolidated subsidiaries ㈱ミライト and ㈱ミライト・テクノロジーズ and the establishment of a new Group, scheduled for July 2022, while also beginning consideration of making the software business a strategic subsidiary.」

「The Group is accelerating the transformation of its business structure by preparing for the integration of the Group and its consolidated subsidiaries ㈱ミライト and ㈱ミライト・テクノロジーズ and the establishment of a new Group, scheduled for July 2022, including the launch in October 2021 of a one-team structure for the frontier field, following the solutions field in April 2021 and the global field in July 2021.」

「The Group is accelerating the transformation of its business structure in response to changes in the business environment, including by working on the reorganization of ㈱ミライト’s Group companies, implemented on 1 July 2021.」

「The Group is accelerating the transformation of its business structure in response to changes in the business environment, including by beginning consideration of a merger of the Group and its consolidated subsidiaries ㈱ミライト and ㈱ミライト・テクノロジーズ, targeted for early fiscal 2022.」

「Following the acquisition of shares in YL Integrated Pte Ltd by the Group’s consolidated subsidiary Lantrovision (S) Ltd, YL Integrated Pte Ltd and its 2 subsidiaries have been included in the scope of consolidation from the first-quarter consolidated accounting period. Following the acquisition of shares in Shanghai Changling Communication Equipment Co.,Ltd, that company has been included in the scope of consolidation from the second-quarter consolidated accounting period.」

「To expand its global business over the medium to long term, the Group acquired YL Integrated Pte Ltd, an electrical construction company in Singapore, and its 2 subsidiaries as consolidated subsidiaries, and decided to acquire Shanghai Changling Communication Equipment Co.,Ltd, which constructs communications towers and provides tower-sharing services mainly in Shanghai, China, as a subsidiary.」

「The Group expanded revenue through the acquisition of 東海工営㈱ as a subsidiary to expand its water and sewerage business in the environmental and social innovation business, promotion of solar power generation equipment construction, increased domestic LAN and PBX construction and full-scale operation of the Osaka No. 1 data center in the ICT solutions business, and increased sales of mobile-related peripheral components and PCs and servers for schools.」

「In conjunction with the management integration, the Group formulated a three-year medium-term management plan beginning in fiscal 2019, with targets for fiscal 2021 of ¥450 billion in revenue, ¥27 billion in operating profit, an operating margin of 6.0% and ROE of at least 8%. The Group is working to expand businesses in growth fields, or frontier domains, including recurring-revenue businesses such as data-center operation and maintenance, environment and energy, and global operations, improve productivity in existing businesses and enhance management efficiency by pursuing integration synergies.」

「To respond to changes in the communications environment and social structures and further enhance corporate value and achieve sustainable growth as a comprehensive engineering and services company, our Group completed the management integration of TTK Co., Ltd., Solcom Co., Ltd. and Shikoku Tsuken Co., Ltd. in the previous fiscal year. In connection with the integration, we also formulated a three-year medium-term management plan beginning in FY2019, with FY2021 targets of revenue of ¥450.0 billion, operating profit of ¥27.0 billion, an operating margin of 6.0% and ROE of at least 8%, and are working to expand businesses in numerous growth areas, or frontier domains, including recurring-revenue businesses such as data-center operation and maintenance, the environment and energy, and global operations, improve productivity in existing businesses and enhance management efficiency by pursuing integration synergies.」

「Accelerate the transformation of the business structure; accelerate the shift from the carrier business to the solutions business; promote a qualitative shift in the solutions business toward a focus on profitability.」

「To strengthen its business base, the Group advanced preparations for management integrations with 株式会社ＴＴＫ, which mainly performs communications construction in Japan, completed in October 2018, and with 株式会社ソルコム and 四国通建株式会社, scheduled for January 2019. It also advanced preparations to acquire the consolidated subsidiaries 株式会社日設, which operates the air-conditioning business, completed in July 2018, and 株式会社ホープネット, which operates the engineer-dispatch business, completed in October 2018, as wholly owned subsidiaries to strengthen the Group’s operating structure.」

「To strengthen the Group’s operating structure and achieve sustained enhancement of corporate value, the Group advanced preparations for the management integration with 株式会社ＴＴＫ, which mainly performs information and communications equipment construction in the Tohoku region and beyond, scheduled for 1 October 2018, and for the acquisition of 株式会社日設 as a wholly owned subsidiary to strengthen its air-conditioning business, completed on 1 July 2018.」

「The Group is accelerating business-structure reform in response to changes in the external environment, focusing on efficiency improvements in existing businesses and expanding businesses that will become future growth pillars, with the aim of achieving sustainable growth as a comprehensive engineering and services company.」

「To strengthen the Group's operating structure, it acquired Nishinippon Denko Co., Ltd. through an M&A transaction to reinforce electrical construction in Kyushu, made Nisshin Tsuko Co., Ltd. a wholly owned subsidiary to strengthen mobile construction in Hokkaido and Tohoku effective 1 October 2017, and improved efficiency through the mergers of Lantrovision(S)Ltd and Mirait Singapore Pte. Ltd. and of Mirait Information Systems Co., Ltd. and MIS Kyushu Co., Ltd., both effective 1 October 2017.」

「The Group formulated a new four-year medium-term management plan beginning this fiscal year, with fiscal 2020 targets of revenue of ¥340 billion, operating income of ¥17 billion and ROE of at least 8%, and is working to expand its business domains, transform its business model and operate its businesses with a focus on profitability.」

「During the nine months ended December 31, projects gathered momentum, including proposals for facility improvements in the NTT business, expanded undergrounding of utility cables, expanded LTE-Advanced-related projects in the multi-carrier business, and increased roof-mounted mid-scale solar and 700MHz TV reception-interference countermeasure projects in the environmental and social innovation and ICT solutions businesses. The Group also expanded its businesses through Lantrovision(S)Ltd's overseas operations and the merger of Daimei Business Mate Co., Ltd. and Hope Net Co., Ltd. on 1 October 2016, with Hope Net as the surviving company.」

「During the six months ended September 30, the Group focused on strengthening its management foundation, including expanding its overseas business by making Lantrovision(S)Ltd, a Singapore-listed company and Asia's largest provider of LAN cabling design, installation and maintenance services, a subsidiary, and expanding its engineering staffing business through the merger of consolidated subsidiary Daimei Business Mate Co., Ltd. and equity-method affiliate Hope Net Co., Ltd. on 1 October 2016, with Hope Net as the surviving company.」

「Against this backdrop, the Group will continue its structural transformation of the business portfolio, its basic strategy, by focusing on the following issues in order to enhance corporate value as a comprehensive engineering and services company and achieve a recovery in performance.」