Star Mica HoldingsStar Mica Holdings Co.,Ltd.2975東証プライム不動産業FY ending Nov 2025, consolidated, J-GAAP

Star Mica Holdings revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +23.8% from the prior year, operating profit +32.4%.

Five-year trend

Revenue¥69.2B
FY ending Nov 2021: ¥36.9B¥36.9BFY ending Nov 2022: ¥48.2B¥48.2BFY ending Nov 2023: ¥48.9B¥48.9BFY ending Nov 2024: ¥55.8B¥55.8BFY ending Nov 2025: ¥69.2B¥69.2BFY21FY22FY23FY24FY25
Operating income¥7.31B
FY ending Nov 2021: ¥4.29B¥4.29BFY ending Nov 2022: ¥6.1B¥6.1BFY ending Nov 2023: ¥4.85B¥4.85BFY ending Nov 2024: ¥5.52B¥5.52BFY ending Nov 2025: ¥7.31B¥7.31BFY21FY22FY23FY24FY25
Operating margin10.6%
FY ending Nov 2021: 11.6%11.6%FY ending Nov 2022: 12.6%12.6%FY ending Nov 2023: 9.9%9.9%FY ending Nov 2024: 9.9%9.9%FY ending Nov 2025: 10.6%10.6%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin6.1%
Asset turnover0.63×
ROA3.8%
ROA3.8%
Financial leverage3.99×
ROE15.3%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin6.1%
2021: 6.5%6.5%2022: 7.7%7.7%2023: 5.5%5.5%2024: 5.6%5.6%2025: 6.1%6.1%2122232425
Asset turnover0.63×
2021: 0.46×0.46×2022: 0.56×0.56×2023: 0.53×0.53×2024: 0.56×0.56×2025: 0.63×0.63×2122232425
ROA3.8%
2021: 3.0%3.0%2022: 4.3%4.3%2023: 2.9%2.9%2024: 3.1%3.1%2025: 3.8%3.8%2122232425
Financial leverage3.99×
2021: 3.81×3.81×2022: 4.04×4.04×2023: 4.18×4.18×2024: 4.07×4.07×2025: 3.99×3.99×2122232425
ROE15.3%
2021: 11.3%11.3%2022: 17.5%17.5%2023: 12.0%12.0%2024: 12.8%12.8%2025: 15.3%15.3%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20216.5%0.46×3.0%3.81×11.3%
20227.7%0.56×4.3%4.04×17.5%
20235.5%0.53×2.9%4.18×12.0%
20245.6%0.56×3.1%4.07×12.8%
20256.1%0.63×3.8%3.99×15.3%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue0.2%
2020: 0.1%0.1%2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.2%0.2%202122232425
PPE ÷ total assets0.1%
2020: 0.1%0.1%2021: 0.0%0.0%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.0%0.0%2025: 0.1%0.1%202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Revenue36,89748,21248,87855,85069,158
Cost of revenue29,44638,45240,45646,03356,883
Gross profit7,4519,7608,4229,81712,275
SG&A3,1643,6613,5764,2924,961
Operating income4,2876,0984,8465,5257,314
Pretax income3,5355,4193,9214,6076,157
Income tax1,1331,7091,2571,5011,972
Net income attributable to owners2,4023,7092,6643,1074,185
Operating margin11.6%12.6%9.9%9.9%10.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

3%
0%
0%
2%
Other assets 95%

Funding

Other liabilities 74%
Equity 26%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Cash and equivalents¥3.11B¥3.11B¥4.2B¥1.9B¥3.4B
Total assets¥80.8B¥90.4B¥95B¥102.8B¥115.5B
Net assets¥21.3B¥21.3B¥23.2B¥25.5B¥29.7B
Share capital¥372.6M¥481.9M¥481.9M¥481.9M¥831.9M
Property, plant and equipment¥38.6M¥61.4M¥49.1M¥43.9M¥125.6M
Intangible assets excluding goodwill¥133.1M¥151.2M¥146.5M¥118.8M¥102.9M
Investment securities¥366M¥794.1M¥1.09B¥1.37B¥1.87B
Current assets¥79.3B¥88.1B¥92.5B¥99.5B¥110.9B
Current liabilities¥10.6B¥12.3B¥12.9B¥16.1B¥12.2B
Short-term borrowings¥699.2M¥900M¥51.7M¥1.89B¥127M
Long-term borrowings¥48.7B¥56.8B¥58.8B¥61.2B¥73.6B
Bonds¥240M¥100M¥60M¥20M—
Interest-bearing debt¥49.7Bderived¥57.8Bderived¥58.9Bderived¥63.1Bderived—
Total liabilities¥59.6B¥69.1B¥71.8B¥77.3B¥85.8B
Equity attributable to owners of parent¥21.2B¥21.2B¥23.2B¥25.4B¥29.4B
Retained earnings¥14.4B¥17.4B¥19.3B¥21.7B¥24.9B
Treasury stock-¥719.8M-¥428M-¥414.6M-¥568.9M-¥588.8M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第28期(2024/12/01-2025/11/30)

    ID S100XM432026-02-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第27期(2023/12/01-2024/11/30)

    ID S100VAF82025-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(2022/12/01-2023/11/30)

    ID S100SXUQ2024-02-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2021/12/01-2022/11/30)

    ID S100QAMZ2023-02-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(令和2年12月1日-令和3年11月30日)

    ID S100NKI32022-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(令和1年12月1日-令和2年11月30日)

    ID S100KVFG2021-02-25Open

Extracted from XBRL: 48 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.