Star Mica Holdings Rebounds Sharply on Record Q1 Results Driven by Strong Renovated Condominium Business

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Wed Apr 1, 2026 9:36 am JST Catalyst

Star Mica Holdings Co.,Ltd. <2975> rebounded sharply, recovering for the first time in four days. The move came after the company announced on the 31st, after market close, its first quarter (December 2025 to February 2026) consolidated financial results, which showed sales of \21.3 billion (up 32.4% year-on-year), operating profit of \3.492 billion (up 51.5%), and net profit of \2.422 billion (up 70.3%), marking significant revenue and profit growth. The results represented record-high performance for a first quarter, a strong start to the fiscal year that was well received by investors.

The company's core renovated condominium business benefited from diversification of exit strategies for owner-change properties?units sold while occupied by existing tenants?resulting in increased sales volume. Additionally, the success of its urban area strategy led to particularly strong sales of mid- to high-priced properties in urban areas, driving overall performance.

The company maintained its full-year earnings forecast for the fiscal year ending November 2026, projecting sales of \84.715 billion (up 22.5% from the previous year), operating profit of \9.298 billion (up 27.1%), and net profit of \5.095 billion (up 21.7%).

Source: MINKABU PRESS