Star Mica Holdings Co., Ltd. (2975) AI Stock Analysis

• Market Cap: ¥42.59B
• Dividend Yield: 2.88%
• Average Volume (3M): 258.00K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 0.69
• Revenue Growth: 21.69%
• EPS Growth: 30.92%
• Country: JP
• Employees: 201
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 29.22
• Shares Outstanding: 34,755,900
• 10 Day Avg. Volume: 228,250
• 30 Day Avg. Volume: 257,996
• PEG Ratio: 0.45
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.41
• P/FCF Ratio: -4.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥1,427.00 ▲(11.14% Upside)

Star Mica Holdings benefits from strong technical momentum and reasonable valuation, making it an attractive investment. However, financial risks due to high leverage and negative cash flow indicators temper the overall score.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates a robust market position and effective business strategies, supporting long-term sustainability.

Profit Margin Improvement

Improved profit margins reflect efficient cost management and pricing power, contributing to better financial health and competitiveness.

Return on Equity

Higher ROE suggests effective use of equity capital to generate profits, enhancing shareholder value and indicating strong management performance.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth opportunities.

Negative Cash Flow

Negative cash flow indicates potential liquidity issues, which could constrain operations and limit the company's ability to respond to market changes.

Operating Cash Flow Issues

Challenges in converting profits to cash may hinder financial flexibility and the ability to fund future growth or manage debt effectively.

Star Mica Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Star Mica Holdings Co., Ltd. acquires, renovates, manages, and sells pre-owned condominiums in Japan. The company also provides brokerage services for pre-owned condominium units and other real estate properties; consulting services; real estate planning and leasing management services. In addition, it offers private banking and investment advisory services. Star Mica Holdings Co., Ltd. was incorporated in 1998 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Star Mica Holdings generates revenue through its core business of mica mining and processing, which involves extracting raw mica from its mines and refining it into finished products for various industrial applications. The company has established key revenue streams from the sale of mica flakes, powders, and other mica-related products to a diverse range of clients in the cosmetics, electronics, and construction sectors. Additionally, Star Mica Holdings benefits from strategic partnerships with manufacturers and distributors, allowing for expanded market reach and increased sales volumes. Their focus on sustainable and eco-friendly practices also attracts premium pricing for their products, contributing to higher profit margins.

Star Mica Holdings Co., Ltd. Financial Statement Overview

Summary

Star Mica Holdings shows strong revenue growth and improving profitability, with a notable increase in net profit margin. However, high leverage and negative cash flow indicators present financial risks and potential liquidity concerns.

Income Statement

Star Mica Holdings has exhibited strong revenue growth over the past years, with a notable increase of 14.25% from 2023 to 2024. The gross profit margin has improved, reaching 17.58% in 2024, suggesting efficient cost management. The net profit margin has also increased to 5.56%, indicating enhanced profitability. However, EBIT and EBITDA margins show moderate improvement, indicating room for operational efficiency enhancement.

Balance Sheet

The company's debt-to-equity ratio remains high at 2.87, reflecting significant leverage, which is common in the real estate industry but poses financial risk. The equity ratio is relatively stable at 24.81%, showing a healthy level of equity financing. Return on equity has increased to 12.19%, indicating improved efficiency in using shareholders' funds to generate profits.

Cash Flow

Star Mica Holdings has faced challenges with negative free cash flow growth, reflecting an increase in capital expenditures and operating cash outflows. The operating cash flow to net income ratio is negative, indicating issues in converting profits into cash. The free cash flow to net income ratio is also negative due to the high level of capital expenditures, suggesting potential liquidity constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	63.76B	55.85B	48.88B	48.21B	36.90B	39.57B
Gross Profit	11.30B	9.82B	8.42B	9.76B	7.45B	5.97B
EBITDA	6.91B	5.55B	4.91B	6.15B	4.36B	3.34B
Net Income	3.90B	3.11B	2.66B	3.71B	2.40B	1.73B
Balance Sheet
Total Assets	116.72B	102.76B	94.98B	90.38B	80.84B	76.76B
Cash, Cash Equivalents and Short-Term Investments	2.61B	1.90B	4.20B	3.11B	3.11B	7.41B
Total Debt	84.25B	73.30B	69.11B	65.19B	56.43B	54.42B
Total Liabilities	87.81B	77.26B	71.75B	69.10B	59.58B	57.05B
Stockholders Equity	28.91B	25.50B	23.23B	21.27B	21.26B	19.71B
Cash Flow
Free Cash Flow	0.00	-5.30B	-1.80B	-4.68B	-5.01B	4.50B
Operating Cash Flow	0.00	-5.27B	-1.76B	-4.59B	-4.91B	4.77B
Investing Cash Flow	0.00	-56.60M	-63.42M	-309.86M	-311.84M	-378.46M
Financing Cash Flow	0.00	3.03B	2.91B	4.90B	933.55M	-1.31B

Star Mica Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1284.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2975, the sentiment is Positive. The current price of 1284 is above the 20-day moving average (MA) of 1237.65, above the 50-day MA of 1174.24, and above the 200-day MA of 1031.58, indicating a bullish trend. The MACD of 31.23 indicates Negative momentum. The RSI at 66.31 is Neutral, neither overbought nor oversold. The STOCH value of 80.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2975.

Star Mica Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8935	76 Outperform	¥45.76B	6.35	―	3.64%	15.82%	22.32%
2975	76 Outperform	¥42.59B	11.03	―	2.88%	21.69%	30.92%
8860	74 Outperform	¥28.93B	5.56	―	4.20%	6.26%	-4.41%
3457	70 Neutral	¥20.69B	9.35	―	4.31%	-6.89%	7.72%
3452	67 Neutral	¥29.63B	8.06	―	4.01%	3.72%	-27.94%
3486	66 Neutral	¥33.96B	5.46	―	6.11%	81.19%	250.41%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Star Mica Holdings Co., Ltd. Corporate Events

Star Mica Holdings Cancels Treasury Share Acquisition, Boosts Dividend

Star Mica Holdings Co., Ltd. announced the cancellation of its planned acquisition of treasury shares, initially resolved in February 2025, due to strong business performance and favorable market conditions. The company decided to reallocate the unused funds of approximately 100 million yen to enhance the year-end dividend, reflecting a strategic shift in capital management to benefit shareholders.

Star Mica Holdings Announces Increased Dividend Forecast Amid Strong Performance

Star Mica Holdings Co., Ltd. announced a revision to its dividend forecast, increasing the fiscal year-end dividend per share from 18.00 yen to 22.00 yen, resulting in an annual dividend increase from 33.00 yen to 37.00 yen. This decision reflects the company’s strong business performance, including record-high revenue and profit, and its commitment to shareholder returns, as it reallocates funds from a canceled treasury share acquisition to dividends.

Star Mica Holdings Updates on Treasury Share Acquisition

Star Mica Holdings Co., Ltd. announced the status of its treasury share acquisition, revealing that no shares were acquired in October 2025 despite a resolution to acquire up to 450,000 shares. As of October 31, 2025, the company had acquired 217,700 shares at a total cost of 206,039,700 yen, reflecting a strategic move to manage its capital structure and shareholder value.

Star Mica Holdings Reports Status on Treasury Share Acquisition

Star Mica Holdings Co., Ltd. announced that it has not acquired any treasury shares during the period from September 1 to September 30, 2025, despite a resolution allowing for the purchase of up to 450,000 shares. As of September 30, 2025, the company has acquired 217,700 shares at a total cost of 206,039,700 yen, reflecting a partial execution of the board’s resolution.

Star Mica Holdings Boosts Earnings and Dividend Forecasts Amid Strong Performance

Star Mica Holdings Co., Ltd. has revised its full-year consolidated earnings and year-end dividend forecasts for the fiscal year ending November 2025, driven by exceptional performance in its core renovated condominium business. The company anticipates record-high revenue and profit, with significant increases in sales and profit margins. As a result, it has increased its dividend forecast, reflecting a strong commitment to shareholder returns and financial growth. The company is also considering revising its Mid-Term Plan goals, as it is on track to achieve its targets a year ahead of schedule.

Star Mica Holdings Reports Strong Financial Growth and Positive Outlook

Star Mica Holdings Co., Ltd. reported significant growth in its financial performance for the nine months ending August 31, 2025, with a 19.5% increase in revenue and a 30.1% rise in net profit attributable to owners of the parent. The company has revised its financial forecasts upwards, indicating strong operational momentum and positive market conditions, which are expected to benefit stakeholders through increased dividends and improved financial stability.