2975
繧ケ繧ソ繝シ繝サ繝槭う繧ォ繝サ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
スター・マイカ・ホールディングス株式会社
Real Estate
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, management, and brokerage activities. It also offers private banking and investment advisory services. The company was incorporated in 1998 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2026
TDnet
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Net Sales
¥38.8B
¥69.2B
¥55.8B
¥48.9B
¥48.2B
Cost of Sales
—
¥56.9B
¥46.0B
¥40.5B
¥38.5B
Gross Profit
—
¥12.3B
¥9.8B
¥8.4B
¥9.8B
SG&A
—
¥5.0B
¥4.3B
¥3.6B
¥3.7B
Operating Income
¥38.8B
¥7.3B
¥5.5B
¥4.8B
¥6.1B
Non-Operating Income
—
¥343M
¥184M
¥9M
¥111M
Dividend Income
—
¥0M
¥8M
—
—
Interest Income
—
¥32M
¥10M
¥1M
¥3M
Non-Operating Expenses
—
¥1.5B
¥1.1B
¥933M
¥791M
Interest Expense
—
¥1.2B
¥877M
¥685M
¥615M
Ordinary Income
¥38.8B
¥6.2B
¥4.6B
¥3.9B
¥5.4B
Pre-tax Income
—
¥6.2B
¥4.6B
¥3.9B
¥5.4B
Income Taxes
—
¥2.0B
¥1.5B
¥1.3B
¥1.7B
Current Tax
—
¥2.1B
¥1.6B
¥1.3B
¥1.7B
Deferred Tax
—
¥-169M
¥-148M
¥-38M
¥-12M
Net Income (owners)
¥1M
¥4.2B
¥3.1B
¥2.7B
¥3.7B
Comprehensive Income
—
¥4.4B
¥3.2B
¥2.7B
¥3.7B
EBITDA
—
¥7.4B
¥5.6B
¥4.9B
¥6.1B
EPS
—
¥124.40
¥92.98
¥79.59
¥107.21
Shares Outstanding
—
33.9M
33.1M
33.4M
16.7M
Shares Issued (total)
—
34.8M
34.0M
34.0M
17.0M
Treasury Shares
—
0.8M
0.9M
0.6M
0.3M
Metric
FY 2026
TDnet
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
—
¥115.5B
¥102.8B
¥95.0B
¥90.4B
Current Assets
—
¥110.9B
¥99.5B
¥92.5B
¥88.1B
Cash & Deposits
—
¥3.4B
¥1.9B
¥4.2B
¥3.1B
Non-Current Assets
—
¥4.6B
¥3.2B
¥2.5B
¥2.3B
PP&E
—
¥126M
¥44M
¥49M
¥61M
Intangible Assets
—
¥103M
¥119M
¥147M
¥151M
Investment Securities
—
¥1.9B
¥1.4B
¥1.1B
¥794M
Deferred Tax Assets
—
¥635M
¥540M
¥422M
¥378M
Total Liabilities
—
¥85.8B
¥77.3B
¥71.8B
¥69.1B
Current Liabilities
—
¥12.2B
¥16.1B
¥12.9B
¥12.3B
ST Debt
—
¥7.2B
¥12.1B
¥10.2B
¥8.3B
Taxes Payable
—
¥1.5B
¥1.1B
¥477M
¥1.2B
Non-Current Liabilities
—
¥73.6B
¥61.2B
¥58.9B
¥56.9B
Total LT Borrowings
—
¥73.6B
¥61.2B
¥58.9B
¥56.9B
Deferred Tax Liab.
—
—
—
—
—
Total Equity
—
¥29.7B
¥25.5B
¥23.2B
¥21.3B
Capital Stock
—
¥832M
¥482M
¥482M
¥482M
Capital Surplus
—
¥4.2B
¥3.8B
¥3.8B
¥3.8B
Retained Earnings
—
¥24.9B
¥21.7B
¥19.3B
¥17.4B
Treasury Stock
—
¥-589M
¥-569M
¥-415M
¥-428M
AOCI
—
¥244M
¥78M
¥10M
¥24M
Equity (owners)
—
¥29.4B
¥25.4B
¥23.2B
¥21.2B
Total Interest-Bearing Debt ⓘ
—
¥80.7B
¥73.3B
¥69.1B
¥65.2B
Net Cash ⓘ
—
¥-77.3B
¥-71.4B
¥-64.9B
¥-62.1B
NCAV ⓘ
—
¥25.1B
¥22.3B
¥20.7B
¥19.0B
NCAV/Share
—
¥740
¥672
¥620
¥1,136
BV/Share
—
¥865
¥766
¥693
¥1,267
Metric
FY 2026
TDnet
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
—
¥-5.1B
¥-5.3B
¥-1.8B
¥-4.6B
Interest Paid
—
¥-1.2B
¥-871M
¥-685M
¥-612M
D&A
—
¥76M
¥62M
¥59M
¥48M
Investing CF
—
¥-378M
¥-57M
¥-63M
¥-310M
CapEx
—
¥76M
¥7M
¥2M
¥35M
Purchase Investments
—
¥-269M
¥-25M
¥-25M
¥-219M
Financing CF
—
¥7.0B
¥3.0B
¥2.9B
¥4.9B
Dividends Paid
—
¥-926M
¥-687M
¥-669M
¥-688M
Share Buybacks
—
¥-206M
¥-469M
¥-230M
¥-3.3B
LT Debt Repaid
—
¥-39.6B
¥-36.2B
¥-35.2B
¥-23.6B
Free Cash Flow
—
¥-5.2B
¥-5.3B
¥-1.8B
¥-4.6B
Net Change in Cash
—
¥1.5B
¥-2.3B
¥1.1B
¥-2M
Metric
FY 2026
TDnet
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
—
15.2%
12.8%
12.0%
17.5%
ROA
—
3.8%
3.1%
2.9%
4.3%
EPS
—
¥124.40
¥92.98
¥79.59
¥107.21
DPS
—
¥37.00
¥23.00
¥20.00
¥39.00
BPS
—
¥872.58
¥768.06
¥693.58
¥634.02
FCF/Share
—
¥-153
¥-159
¥-53
¥-277
NCAV/Share
—
¥740
¥672
¥620
¥1,136
Payout Ratio
—
29.7%
24.7%
25.1%
36.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 10
Date Activist Stake Event Flag Demands Source
2026-05-20
MASASHI MIZUNAGA
35.99%
change
Passive
—
2025-06-30
Mitsubishi UFJ Financial Group Inc.
4.18%
-1.92%
change
Passive
—
2025-05-19
Mitsubishi UFJ Financial Group Inc.
6.1%
+1.0%
change
Passive
—
2025-03-21
Masashi Mizunaga
36.5%
+0.3%
change
Passive
—
2024-10-18
JPMorgan Asset Management (Japan) Limited
3.18%
change
Passive
—
2024-09-20
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.47%
change
Passive
—
2024-09-17
Mitsubishi UFJ Financial Group Inc.
5.1%
initial_5pct
Passive
—
2024-04-02
Masashi Mizunaga
36.2%
correction
Passive
—
2024-03-22
Masashi Mizunaga
36.2%
change
Passive
—
2023-08-04
Sumitomo Mitsui DS Asset Management Company, Limited
5.04%
initial_5pct
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-13
16:00
Div Increase
¥51.0/sh
+38%
Star Mica Holdings revised upward its FY2026 (ending Nov 2026) earnings forecast and increased annual dividend guidance …
Summary
Star Mica Holdings revised upward its FY2026 (ending Nov 2026) earnings forecast and increased annual dividend guidance from 45.00 yen to 51.00 yen per share, a 14 yen increase matching the prior year's record high increase. The dividend hike reflects strong H1 performance driven by optimized acquisition-renovation-sale cycle in owner-occupied properties and successful urban mid-to-premium segment expansion, with the company targeting a 40% total payout ratio under its capital allocation policy.
YoY: +38%
Source (JP)
2026年11月期の中間(第2四半期末)及び期末配当予想を、それぞれ1株当たり3円増額し、25円50銭(年間配当予想45円00銭から51円00銭)に修正することといたしました。
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
水永 政志
12,083,230
35.60%
2
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
4,138,200
12.20%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
2,189,300
6.50%
4
GOVERNMENT OF NORWAY (常任代理人:シティバンク、エヌ・エイ東京支店)
1,135,200
3.30%
5
Nomura Securities Co., Ltd.
野村證券株式会社
782,532
2.30%
6
株式会社日本政策投資銀行
755,900
2.20%
7
RE FUND 107-CLIENT AC (常任代理人:シティバンク、エヌ・エイ東京支店)
701,100
2.10%
8
Northern Trust Company
NORTHERN TRUST CO.(AVFC) RE UK PENSION FUNDS EXEMPT LENDING ACCOUNT (常任代理人:香港上海銀行東京支店)
662,100
2.00%
9
野村信託銀行株式会社(投信口)
485,100
1.40%
10
MORGAN STANLEY & CO. LLC (常任代理人:モルガン・スタンレーMUFG証券株式会社)
386,459
1.10%
Domestic Nominees
18.7%
+0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.0%
+0.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
48.0%
+0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
水永 政志
35.00%
36.70%
35.60%
-1.10%
Japan Master Trust Bank
日本マスタートラスト信託銀行
11.80%
10.40%
12.20%
+1.80%
Japan Custody Bank
日本カストディ銀行
8.30%
8.20%
6.50%
-1.70%
GOVERNMENT OF NORWAY
↑
1.80%
1.60%
3.30%
+1.70%
Nomura Securities Co., Ltd.
野村證券
—
2.00%
2.30%
+0.30%
式会社日本政策投資銀行
NEW ENTRY
—
—
—
2.20%
NEW
RE FUND 107-CLIENT AC
NEW ENTRY
2.40%
—
2.10%
NEW
Northern Trust
—
1.70%
2.00%
+0.30%
野村信託銀行株式会社(投信口)
NEW ENTRY
—
—
—
1.40%
NEW
Morgan Stanley
NEW ENTRY
—
—
—
1.10%
NEW
KIA FUND 136
last seen 2024
Exited Top 10
1.90%
2.00%
—
MSCO CUSTOMER SECURITIES
last seen 2024
Exited Top 10
—
2.00%
—
THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND
last seen 2024
Exited Top 10
—
1.80%
—
アーク証券
last seen 2024
Exited Top 10
1.70%
1.70%
—
State Street
last seen 2023
Exited Top 10
2.60%
—
—
JP Morgan
last seen 2023
Exited Top 10
2.20%
—
—
Interactive Brokers
last seen 2023
Exited Top 10
2.80%
—
—
Concentration (HHI)
ⓘ
1468
1546
1491
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved