Star Mica Co., Ltd. Reports Consolidated Earnings Results for the Year Ended November 2017; Provides Earnings Guidance for the Year Ending November 2018
January 12, 2018 at 12:00 pm IST
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Star Mica Co., Ltd. reported consolidated earnings results for the year ended November 2017. For the year, sales were JPY 23,075 million against JPY 20,973 million a year ago. Operating income was JPY 3,575 million against JPY 3,258 million a year ago. Recurring profit was JPY 2,982 million against JPY 2,581 million a year ago. Net income was JPY 2,068 million against JPY 1,678 million a year ago.
For the fiscal year ending November 2018, the company expects sales of JPY 26,059 million, gross profit of JPY 19,673 million, operating income of JPY 3,669 million, recurring profit of JPY 3,112 million and net income of JPY 2,144 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 Co., Ltd. Reports Consolidated Earnings Results for the Year Ended November 2017; Provides Earnings Guidance for the Year Ending November 2018
STAR MICA HOLDINGS CO., LTD. 
