Star Mica Co. Ltd Reports Consolidated Earnings Results for the Year Ended November 30, 2012; Provides Earnings Guidance for the Fiscal Year 2013; Declares Dividend for the Fiscal Year Ended November 30, 2012; Provides Dividend Guidance for the Fiscal Year 2013
January 10, 2013
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Star Mica Co. Ltd. reported consolidated earnings results for the year ended November 30, 2012. For the year, the company reported sales of JPY 12,857 million compared to JPY 12,719 million a year ago. Operating income was JPY 1,541 million compared to JPY 1,857 million a year ago. Recurring profit was JPY 989 million compared to JPY 1,318 million a year ago. Net income before income taxes JPY 989 million compared to JPY 1,318 million a year ago. Net income was JPY 538 million or JPY 59.48 per share compared to JPY 740 million or JPY 80.06 per share a year ago.
The company provided earnings guidance for the fiscal year 2013. For the year, the company expects sales of JPY 12,049 million, operating income of JPY 1,563 million, recurring profit of JPY 1,005 million, net income before income taxes of JPY 1,005 million and net income of JPY 600 million.
The company declared a dividend of JPY 6.0 per share for the fiscal year 2012 compared to JPY 6.0 per share a year ago.
The company provided dividend guidance for the fiscal year 2013. For the mid term of fiscal year 2013, the company expects to pay a dividend of JPY 6.0 per share compared to JPY 6.0 per share a year ago.
For the fiscal year 2013, the company expects to pay a full year dividend of JPY 6.5 per share compared to JPY 6.0 per share a year ago.
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 Co. Ltd Reports Consolidated Earnings Results for the Year Ended November 30, 2012; Provides Earnings Guidance for the Fiscal Year 2013; Declares Dividend for the Fiscal Year Ended November 30, 2012; Provides Dividend Guidance for the Fiscal Year 2013
STAR MICA HOLDINGS CO., LTD. 