Star Mica Holdings Co., Ltd. announces an Increase in Equity Buyback.
April 24, 2023
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On April 25, 2023, the company announced an increase in its equity buyback plan. The company increased its authority by 160,000 shares, for ¥100 million, thereby bringing the total authorization to 320,000 shares, representing 1% of its issued share capital, for ¥200 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. 