Star Mica Holdings Co., Ltd. Announces Earnings Results for the Third Quarter of Fiscal 2019; Provides Earnings Guidance for the Fiscal Year 2019
September 26, 2019
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Star Mica Holdings Co., Ltd. announced earnings results for the third quarter of fiscal 2019. For the quarter, the company reported sales of JPY 24,396 million against JPY 23,554 million a year ago. Operating income was JPY 3,112 million against JPY 3,494 million a year ago. Net income was JPY 1,740 million against JPY 2,053 million a year ago.
For the fiscal year 2019, the company expects sales of JPY 33,427 million, operating income of JPY 3,885 million and net income of JPY 2,137 million.
Star Mica Holdings Co., Ltd. is a Japan-based company mainly engaged in renovation apartment business, investment business and advisory business. The renovation apartment business is engaged in purchase of family type apartments mainly from the metropolitan area and lease to tenants as portfolio. After the tenants leave, the Company will renovate to increase asset value, and then sold as residences to end users through house agents. The investment business conducts investments activities including leasing and sale of real estate mainly in the metropolitan area and investment development business centering on securities. The advisory business is engaged in real estate brokerage, rental brokerage, rental management, building management, operation of monthly apartments, etc. and fee operation of renovation apartment business and investment business.
STAR MICA HOLDINGS CO., LTD. 
