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Star Mica Holdings Co., Ltd.
(2975)
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Rating:58Neutral
Price Target:
¥1,385.00
▲(1.76% Upside)
Action:Reiterated
Date:10/02/26
The score is held back primarily by weak cash generation and elevated leverage, despite solid revenue growth and ongoing profitability. Technicals also detract due to a pronounced downtrend and bearish momentum signals. The main offset is attractive valuation (low P/E and a reasonable dividend yield), which provides some support but does not fully compensate for cash-flow and balance-sheet risk.
Positive Factors
Strong Revenue Growth
Strong revenue expansion indicates continued demand for the company’s refurbished condominium resale model and growing transaction scale. Sustained top-line growth can support operating leverage, strengthen market presence, and provide a broader base for future earnings generation.
Negative Factors
Persistently Negative Cash Flow
Multi-year negative operating and free cash flow means reported profits are not consistently converting into cash. This can increase reliance on external financing to fund inventory and operations, raising execution risk and reducing flexibility if property sales or working-capital timing weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong revenue expansion indicates continued demand for the company’s refurbished condominium resale model and growing transaction scale. Sustained top-line growth can support operating leverage, strengthen market presence, and provide a broader base for future earnings generation.
Read all positive factors
Star Mica Holdings Co., Ltd. (2975) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥47.80B
Dividend Yield3.75%
Average Volume (3M)234.50K
Price to Earnings (P/E)6.6
Beta (1Y)0.62
Revenue Growth34.65%
EPS Growth68.26%
CountryJP
Employees230
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)176.97
Shares Outstanding38,579,000
10 Day Avg. Volume365,250
30 Day Avg. Volume234,496
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)191.5
Revenue Forecast (FY)¥89.29B
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 through (1) profits on the resale of refurbished pre-owned condominiums and (2) fees/commissions from related real-estate services provided by group entities.
1) Resale (buy–renovate–sell) profit model: Star Mica...
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
1494.60
Negative
1520.45
Negative
1516.30
Negative
Market Momentum
-48.01
Positive
26.68
Positive
30.85
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 1406.65, below the 50-day MA of 1494.60, and below the 200-day MA of 1516.30, indicating a bearish trend. The MACD of -48.01 indicates Positive momentum. The RSI at 26.68 is Positive, neither overbought nor oversold. The STOCH value of 30.85 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥24.58B | 5.32 | ― | 3.39% | 6.03% | 24.01% | |
68 Neutral | ¥63.97B | 13.54 | ― | 8.32% | -4.35% | -40.42% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | ¥57.59B | 8.26 | ― | 4.68% | 36.85% | 83.36% | |
58 Neutral | ¥47.80B | 6.56 | ― | 3.75% | 34.65% | 68.26% | |
58 Neutral | ¥17.21B | 9.80 | ― | 5.75% | -18.31% | -62.44% | |
54 Neutral | ¥38.00B | 12.66 | ― | 0.77% | 43.47% | 151.64% |
* Real Estate Sector Average
JP:2975
Star Mica Holdings Co., Ltd.
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Star Mica Holdings Co., Ltd. Corporate Events
Star Mica Updates FY2026 Q3 Results and Strategy in Pre-Owned Condominium Market
Sep 30, 2026
Star Mica Holdings has released its financial results for the third quarter of FY2026, alongside an updated forecast for the full year and a detailed discussion of current pre-owned condominium market trends. The materials also outline progress un...
Star Mica Holdings Delivers Strong Nine-Month Earnings and Lifts Dividend Outlook
Sep 30, 2026
Star Mica Holdings reported strong consolidated results for the nine months ended August 31, 2026, with revenue rising 34.4% year-on-year to ¥65.2 billion and net profit attributable to owners of the parent surging 77.3% to ¥6.1 billion....
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.