Star Mica Co., Ltd. Announces Earnings Results for the Third Quarter of Fiscal 2018; Provides Earnings Guidance for the Fiscal Year 2018
September 26, 2018
Share
Star Mica Co., Ltd. announced earnings results for the third quarter of fiscal 2018. For the quarter, the company reported sales of JPY 23,554 million against JPY 19,020 million a year ago. Operating income was JPY 3,494 million against JPY 3,275 million a year ago. Recurring profit was JPY 3,049 million against JPY 2,815 million a year ago. Net income was JPY 2,053 million against JPY 1,938 million a year ago.
For the fiscal year 2018, the company expects sales of JPY 30,007 million; operating income of JPY 3,928 million; recurring profit of JPY 3,345 million; and net income of JPY 2,250 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. 