Star Mica Holdings Co., Ltd. Reports Earnings Results for the First Quarter of 2020; Provides Earnings Guidance for the Year 2020
March 29, 2020
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Star Mica Holdings Co., Ltd. reported earnings results for the first quarter of 2020. For the quarter, the company reported sales of JPY 8,415 million against JPY 9,773 million a year ago. Operating Income was JPY 1,059 million against JPY 1,286 million a year ago. Net income was JPY 510 million against JPY 759 million a year ago.
For the year 2020, the company expects sales of JPY 35,259 million, Operating Income of JPY 3,387 million, net income of JPY 1,846 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. 
