Miratap Inc.
Miratap Inc. (JPX: 3187) is trading at ¥409.00, about ₹247 at today's JPY/INR rate, as of 25 Sep 2026, 2:30 AM ET, up 0.74% today. Indian residents can buy Miratap from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥406.00
Today's high
¥414.00
52 week low
¥222.00
52 week high
¥471.00
3187 opened at ¥410.00, closed previously at ¥406.00, and has traded between ¥222.00 and ¥471.00 over the past 52 weeks.
About
Established in 1979 and headquartered in Osaka, Japan, Sanwa Company Ltd. specializes in the procurement, distribution, and installation of building materials throughout Japan. The company also dedicates efforts to the design and development of various home equipment. Its extensive product portfolio encompasses solutions for kitchens, featuring complete system and compact kitchens, cabinetry, integrated units, range hoods, and a wide array of related appliances, accessories, storage solutions, countertops, and panels. For washroom and bathroom areas, Sanwa supplies everything from washbasins, vanities, faucets, and mirrors to full bath systems, bathtubs, shower enclosures, and toilet-related amenities, including various accessories and storage options. The company further offers diverse door types, including interior fittings and entrance doors, alongside a broad selection of storage products for shoes, walls, closets, kitchens, and washrooms. Flooring options are comprehensive, ranging from laminated, solid, and pet-friendly varieties to baseboards. Additionally, Sanwa provides a variety of tiles, natural stone materials for counters, slabs, and frames, plus both resin and natural wood decking with associated hardware. Its product lines extend to wall and panel materials, including decorative, wood, and functional panels, as well as painting and general wall finishes. Interior furnishings and ironworks, such as decorative grills and gates, are also available. Completing its offerings are miscellaneous interior building materials like carpets, stairs, handrails, lighting, and PVC tiles, alongside a range of exterior building components. Customers can explore and purchase Sanwa's products at its showrooms situated in key Japanese cities like Tokyo, Osaka, Nagoya, Sendai, Yokohama, and Fukuoka, or through its convenient online platform.
Key statistics
Avg. volume
74.07K
Market cap
¥7.37B
P/E Ratio
-154.34
Price-to-sales ratio
0.46
Enterprise value
¥8.29B
Free cash flow yield
-4.64%
Debt-to-equity ratio
0.78
Return on equity
-1.63%
ROIC
0.75%
Beta
0.04
Dividend yield
0.73%
Last dividend
¥3.00
Financial overview
Revenue
¥16.75B
Earnings per share
-¥24.56
Free cash flow
-¥341.88M
Net profit margin
-0.30%
Gross margin
36.60%
EBITDA
-¥77.37M
Revenue growth
3.87%
Similar securities
This is not an investment recommendation
How to buy Miratap from India
Indian residents can buy Miratap shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for Miratap and place an order
Find Miratap by name or by its ticker, 3187, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. Miratap trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Miratap position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Miratap from India
Trading and taxes when buying Miratap from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Miratap’s current yield is 0.73%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Miratap stock?
Yes. Miratap (3187) has been listed on the Tokyo Stock Exchange since 2013, in the Industrial - Distribution industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Miratap share cost in rupees?
One Miratap share is ¥409.00 — about ₹247 at a JPY/INR rate of 0.6051 on 24 Sep 2026. Both the Miratap price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Miratap from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Miratap?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on Miratap shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the Miratap price. Paasa issues a capital-gains statement for your return.
Does Miratap pay a dividend, and how is it taxed in India?
Yes. Miratap pays a dividend and the current yield is 0.73%; the last declared dividend was ¥3.00 per share, about ₹1.82. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Miratap from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Miratap shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare Miratap shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Miratap holding, its cost and its closing value.
How do I sell Miratap and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.