Star Mica Co. Ltd Provides Earnings Guidance for the Year Ended November 2012 and Full Year Ending November 2013
January 10, 2013
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Star Mica Co. Ltd. provided earnings guidance for the year ended November 2012 and full year ending November 2013. For the period, the company expects sales to be ¥12,857 million, operating income to be ¥1,541 million, recurring profit was ¥989 million against ¥1,318 million a year ago, net income before income taxes to be ¥989 million and net income to be ¥538 million.
For the full year 2013, the company expects sales to be ¥12,049 million, operating income to be ¥1,563 million, recurring profit to be ¥1,005 million, net income before income taxes to be ¥1,005 million and net income to be ¥600 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. 
