Star Mica Co., Ltd. Reports Earnings Results for the Fiscal Year Ended November 2016; Provides Earnings Guidance for the Fiscal Year Ending November 2017
January 13, 2017 at 10:30 am EST
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Star Mica Co., Ltd. reported earnings results for the fiscal year ended November 2016. For the year, sales were JPY 20,973 million against JPY 19,333 million a year ago. Operating income was JPY 3,258 million against JPY 2,465 million a year ago. Recurring profit was JPY 2,581 million against JPY 1,797 million a year ago. Net income was JPY 1,678 million against JPY 1,114 million a year ago. EBITDA was JPY 3,544 million against JPY 2,798 million a year ago.
For the fiscal year ending November 2017, the company expects sales of JPY 21,800 million, gross profit of JPY 5,669 million, operating income of JPY 3,356 million, recurring profit of JPY 2,727 million and net income of JPY 2,727 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 Earnings Results for the Fiscal Year Ended November 2016; Provides Earnings Guidance for the Fiscal Year Ending November 2017
STAR MICA HOLDINGS CO., LTD. 
