Star Mica Co., Ltd. Announces Earnings Results for the Second Quarter of 2020
June 29, 2020
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Star Mica Co., Ltd. announced earnings results for the second quarter of 2020. For the quarter, the company reported sales of JPY 17,173 million compared with JPY 17,355 million for the same period a year ago. Operating income was JPY 1,644 million compared with JPY 2,094 million for the same period a year ago. Net income was JPY 876 million compared with JPY 1,203 million for the same period 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 HOLDINGS CO., LTD. 
