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Star Mica Holdings Co., Ltd.
(2975)
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Rating:61Neutral
Price Target:
¥1,524.00
▲(11.98% Upside)
Action:Reiterated
Date:07/02/26
The score is primarily constrained by financial quality risks—persistent negative cash flow and high leverage—despite solid revenue growth and continued profitability. Valuation is a key positive (low P/E and healthy dividend yield), while technicals are mixed with some longer-term support but weaker short-to-medium term positioning versus key moving averages.
Positive Factors
Sustained Revenue Growth
Consistent top-line expansion into 2025 shows durable demand for refurbished condominiums in major metros and effective deal sourcing. Steady revenue growth supports scale economics, enables recurring refurbishment cycles, and provides a foundation for margin recovery if cost controls improve.
Negative Factors
Persistent Negative Cash Flow
Multi-year negative operating and free cash flows mean the business consistently requires external financing to fund working capital and acquisitions. This raises execution and refinancing risk, constrains reinvestment, and can magnify stress during market slowdowns or higher interest-rate environments.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent top-line expansion into 2025 shows durable demand for refurbished condominiums in major metros and effective deal sourcing. Steady revenue growth supports scale economics, enables recurring refurbishment cycles, and provides a foundation for margin recovery if cost controls improve.
Read all positive factors
Star Mica Holdings Co., Ltd. (2975) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥59.54B
Dividend Yield2.81%
Average Volume (3M)258.00K
Price to Earnings (P/E)8.5
Beta (1Y)0.68
Revenue Growth26.55%
EPS Growth54.84%
CountryJP
Employees230
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)176.97
Shares Outstanding38,579,000
10 Day Avg. Volume228,250
30 Day Avg. Volume257,996
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.40
Price to Sales (P/S)0.60
P/FCF Ratio-8.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)165.6
Revenue Forecast (FY)¥88.07B
Star Mica Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Star Mica Holdings Co., Ltd. engages in the renovated condominium, investment, and advisory businesses in Japan. The company engages in investment, renovation, sale, and brokerage of pre-owned condominiums; and real estate leasing, planning, manag...
How the Company Makes Money
The company primarily makes money by (1) purchasing pre-owned condominium units, (2) adding value through renovation/refurbishment and related preparation (e.g., interior upgrades, repairs, staging/marketing), and (3) selling the refurbished units...
Star Mica Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
27
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.86B | 69.16B | 55.85B | 48.88B | 48.21B | 36.90B |
| Gross Profit | 15.77B | 12.20B | 9.82B | 8.42B | 9.76B | 7.45B |
| EBITDA | 10.51B | 7.39B | 5.55B | 4.91B | 6.15B | 4.36B |
| Net Income | 6.10B | 4.18B | 3.11B | 2.66B | 3.71B | 2.40B |
Balance Sheet | ||||||
| Total Assets | 136.11B | 115.46B | 102.76B | 94.98B | 90.38B | 80.84B |
| Cash, Cash Equivalents and Short-Term Investments | 4.94B | 3.40B | 1.90B | 4.20B | 3.11B | 3.11B |
| Total Debt | 97.07B | 80.74B | 73.30B | 69.11B | 65.19B | 56.43B |
| Total Liabilities | 102.34B | 85.76B | 77.26B | 71.75B | 69.10B | 59.58B |
| Stockholders Equity | 33.77B | 29.70B | 25.50B | 23.23B | 21.27B | 21.26B |
Cash Flow | ||||||
| Free Cash Flow | -5.20B | -5.20B | -5.30B | -1.80B | -4.68B | -5.01B |
| Operating Cash Flow | -5.12B | -5.12B | -5.27B | -1.76B | -4.59B | -4.91B |
| Investing Cash Flow | -378.41M | -378.41M | -56.60M | -63.42M | -309.86M | -311.84M |
| Financing Cash Flow | 7.00B | 7.00B | 3.03B | 2.91B | 4.90B | 933.55M |
Star Mica Holdings Co., Ltd. Technical Analysis
Negative
1361.00
Price Trends
1546.29
Negative
1589.81
Negative
1425.31
Positive
Market Momentum
-2.33
Negative
46.58
Neutral
60.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2975, the sentiment is Negative. The current price of 1361 is below the 20-day moving average (MA) of 1541.00, below the 50-day MA of 1546.29, and below the 200-day MA of 1425.31, indicating a neutral trend. The MACD of -2.33 indicates Negative momentum. The RSI at 46.58 is Neutral, neither overbought nor oversold. The STOCH value of 60.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2975.
Star Mica Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥24.19B | 4.07 | ― | 2.61% | 7.87% | 100.00% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ¥59.54B | 8.55 | ― | 2.81% | 26.55% | 54.84% | |
60 Neutral | ¥63.58B | 9.36 | ― | 5.71% | 2.53% | 5.07% | |
57 Neutral | ¥62.98B | 9.21 | ― | 2.89% | 4.32% | 11.25% | |
52 Neutral | ¥41.73B | 21.85 | ― | 0.45% | 23.11% | 8.31% | |
49 Neutral | ¥18.17B | 5.03 | ― | 3.54% | 12.77% | 32.07% |
* Real Estate Sector Average
JP:2975
Star Mica Holdings Co., Ltd.
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Star Mica Holdings Co., Ltd. Corporate Events
Star Mica Releases FY2026 Q2 Results and Details Alliance with Tokyo Tatemono
Jun 30, 2026
Star Mica Holdings has released its financial results for the second quarter of FY2026, outlining performance trends and management’s view of the external business environment. The update is framed within the broader context of the company&#...
Star Mica Holdings Posts Strong First-Half Earnings and Hikes Dividend Guidance
Jun 30, 2026
Star Mica Holdings reported strong growth for the six months ended May 31, 2026, with revenue rising 28.8% year on year to ¥43,421 million and operating profit jumping 69.5% to ¥6,809 million. Net profit attributable to owners of the par...
Star Mica Completes ¥6.56 Billion Third-Party Share Allotment to Tokyo Tatemono
Jun 1, 2026
Star Mica Holdings has completed payment for a third-party allotment of 3,823,100 new common shares to Tokyo Tatemono Co., Ltd., raising approximately ¥6.56 billion at an issue price of ¥1,716 per share. This equity financing, tied to a ...
Star Mica Lifts Earnings and Dividend Outlook on Strong Condo Sales
May 13, 2026
Star Mica Holdings has upgraded its earnings outlook for the fiscal year ending November 2026, projecting higher revenue, operating profit and net profit for both the first half and full year. The revision reflects strong momentum after record res...
Star Mica Forms Capital and Business Alliance With Tokyo Tatemono, Reshaping Major Shareholder Base
May 13, 2026
Star Mica Holdings has entered into a capital and business alliance with major developer Tokyo Tatemono, under which Tokyo Tatemono will receive 3,823,100 newly issued shares via third-party allotment, equal to 11% of Star Mica’s outstanding...
Star Mica Sees Limited Impact from Housing Equipment Supply Delays on Condominium Business
Apr 15, 2026
Star Mica Holdings has addressed investor concerns about potential supply disruptions in housing equipment following announcements from major manufacturers like LIXIL and TOTO about supply adjustments linked to escalating tensions in the Middle Ea...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.