Star Mica Co., Ltd. Announces Earnings Results for the Third Quarter and Nine Months of 2017; Provides Earnings Guidance for the Full Year of 2017
September 28, 2017
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Star Mica Co., Ltd. announced earnings results for the third quarter and nine months of 2017. For the quarter, the company reported sales of JPY 19,020 million compared with JPY 15,228 million for the same period a year ago. Operating income was JPY 3,275 million compared with JPY 2,246 million for the same period a year ago. Recurring profit was JPY 2,815 million compared with JPY 1,746 million for the same period a year ago. Net income was JPY 1,938 million compared with JPY 1,133 million for the same period a year ago.
For the nine months, the company reported net income of JPY 1.93 billion have surpassed 2016 fiscal year net income of JPY 1.67 billion.
The company provided earnings guidance for the full year of 2017. For the year, the company expects to report sales of JPY 23,009 million, operating income of JPY 3,602 million, recurring profit of JPY 3,009 million and net income of JPY 2,082 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. 
