Star Mica Holdings Co., Ltd. · TSE:2975
Star Mica — FY2024 Earnings Presentation
46 slides from Star Mica's earnings presentation, November 2024
Slide 1: STARMICA HOLDINGS Find the Value
STARMICA HOLDINGS Find the Value 2024711AH RAHA 20254 1A148
Slide 2: STAR ,
STAR , MICA PER | 1. PRES THORP RT @ 202411 NT S7h @ PREZ ESBROREL @ 2025411AHA Rin Fi 2. 2024711Ai RERZ 3. APPENDIX D RESCONMMORMWRR (ARE) @ BRAS | PARE STO RMISER "FY24-26 PRA Sst “Find the Value 2026") €fBiR< EAU MBS —9 EC HFact BookORREHMMLELKCOTC, MMGRUBHBlc CRASHES NI
Slide 3: Summary
EDEL UWE | soli * Lie Flat diaz ke 20241 1am § EPSAKRAE+ 17% RMN STKE PRESHMCBU 3EDOMRBRE 1 EER - A-F—F LY VMENOEIR, BITRE ST) — SRTCITERO HAA EEE HS MA ELE CHE het HAR OEPSARSE 54+%95 144+%lcC LAIEIE maeenm | APIZN PRMERML RABE £OMIETN<, CEERDSEL | SRARROMEERSICHS SB REMC ICRE - FY26 7b 700 /S F257
Slide 4: FY2024 results
HOLDINGS PPAR fat Otes 0202411 \197h
Slide 5: 600
600 120 500 100 400 80 300 60 200 40 100 20 0 0
Slide 6: FY24 progress on targets
star Dane e gee eee ied FY24iR0%RO [2/2] EPSKR#+ 17% =PHtSEAORRAREMFE tem - EOKPHERS FFARR Lea, PBK OW TIS EO EDR Te Og era es 10.0+% 9.9% ES Fs EPS 5.0+% 16.8% roe E31) Al1.5oA Al5SiA Deas estas 81,0008 95889 O ACRALE 25.0+% 24.8% % ae 40.0% 39.8% ial "EtKGI/KPI Bie FY 244% “FY 248% (2024 11A298) O
Slide 7: Ps BSERER NT 1b [1/3]
Ps BSERER NT 1b [1/3] bee A—F+—F VV EAOLIE IBA ¢ Wet SICA —F—F LY YMEAOR ICR - BAPRICHOSA-F-FIYUMAOWR I, FY24ICSWCEHRO53%E CLA - ARTA RUMOR bis KCMENED, FYZ5U, MaetORWA-F+—-FrYVUMAOLKRALete <FBA RRR OIE > A-F—-F LY YMAORRLS A-F-FIVYIMEE Ht LicwARRORAEEA 1,580 1,640 1,465 1,325 1,410 OCHARE BSBARR FY
Slide 8: 80.0% 75.0% 70.0% 65.0% 60.0% 55.0% 50.0%
80.0% 75.0% 70.0% 65.0% 60.0% 55.0% 50.0%
Slide 9: Ps SERB 7b [3/3] |
Ps SERB 7b [3/3] | eer IED (ARoc SHAT HE) Watt @ Hi LSS. Asc SERA A S < Ha - VRYUAY hHMSBILL, SRET—-F COYy 7eE-BBHLETPMROERER CHE pee crear °A@Le © €I © —® age © o BE o o BE ECA PoadsEst Z <BimibA ROH > <M AMOHB > (2) a) 115 M3 130 140 wy : aaa ee 115 9 12 He . —e ee 6 PiMEMELE COMME L DS _RmRRORRE
Slide 10: Sak Ee neers |
Sak Ee neers | BERKONIVIBACKAL, AMRARS = Rie <iBEOINLDI BARI > PR BASE an tt ARE 1377 FY24 2f iBRRA 134F FY10 3 BARB 977 FY15 4 ARC 995A FY13 5 fi WARD 947 FY15 “VOL 7 BA: E— ED SBA (SAE) POTOMA <AUFARREOHB (FY24.EHR) > B—OmARET FY 23 Aki O 1OWSHMA SAREE +87.1 A106.0 {aA ra] +81.5 fa go = keine = FS
Slide 11: STAR
STAR i IRERER/\ Db | BAAAKPHMESMLCEZ - IREBOPESH CBR - as vy TRBARURARS COMRMAM EEL. BePRAEME - WHAREHMTRVED SU 7 ILE, PRM ER L\—BONS eH INPUT & FEEDBACK’ PROCESS FY 242% HUE IRIBALL OUTPUT BUR Piz S hell O +tQ5n *88¢U Chin BE RICKS EPP PHS HESO _— EXZIVUYT AMER BREN ORM “pa? +25 «BERS OF? “SERe AG,
Slide 12: 1,4 00.00 1,4 00.0 1,2 00.00 1,2 00.0 1,0 00.00 1,0 00.0 .00 800
1,4 00.00 1,4 00.0 1,2 00.00 1,2 00.0 1,0 00.00 1,0 00.0 800 .00 800 .0 600 .00 600 .0 400 .00 400 .0 200 .00 200 .0 0.0 0.0 0
Slide 13: Me ($8) Sadr oan
Me ($8) Sadr oan - PRE MICkIT. SHMOSS SHERERR - DEBACRAMEOMMRLAL KOT. Beals] OSA +212 +80f8A 268fa4 258iaA RURAAO MHAOERSEICKS WHIORAICKS Ramer &S 4HAAO Bats md (RR) 3200 em Bak “SHS (REMEO SHE) = RAM OR MMR — RIBOSE — BEART (RSP EBS ica Holdings All Ri X= BY IARS)
Slide 14: Medium-term plan
HOLDINGS PPA ie Be St OD EI AK: QPig=eith TZBROREL
Slide 15: Medium-term management plan [1/3]
Be SHER ERREL [1/3] MICA Ce eo aee - RRARRUMSENEOEBRARERT<,. EBARSIBM - (Z1E Bea 70en SAMA 38en Cae 120% © 10.0+% ©@ @ 14.0+% Al5+A O Als8hA 1,000+8 @ 25.01% @ wETA 40% © 10x @ eEam ER SE FY25~i8i - GES SERER “A-F—F IY SYNE EL CBA LE OE AE STRAT (=BAARARZC!
Slide 16: Medium-term management plan [2/3]
SAY tMENBERSRAEL (2/3) hy HORE - PRMERALOROl, BRAAZKSARML, Watt - HE + MREZERTS PBR l I | ROE x PER URESHE SAAT 0.04% MIST SRR b 74 VAVRIXYb EPSKRE BARS /iRRB/alitnte OME @ Y/AMBS (AA) : NODE [ © VANMES (5B) : ROM WOCTA AEM © A-F-F YIM, PB PAVYY ave 7 ey | za “i DF gr my v © FYNALAY ESR : BRR, MILA
Slide 17: Medium-term management plan [3/3]
SAY thE BERSRAML (3/3) FreEVLPAT—-Yaymyy— BAIAZKEKE< EMISROE > MRBCHA, +r eETIEMRRS SH lcHY Bo “ ie ROE > REBAIAL < HSRRE PBHRMEORAIC RRA Bt SR3SHOF7¢ yYAIO— 5IOBARY Y— RSRRHEAO La jx. "Cash-in Cash-out - eH (BF) 500~550ff Fi ROEM. #EBIZRKO 521 BE/= IEKBHGICKO. PRMERVLIL FAATLYE ORALE BRST ax BAICES
Slide 18: ROIC and WACC
Mie (6) weaupattt | HOLDINGS - FY24HiKRROROERUROICKS, Hic TSIA bh SHA - DAKEHRAREORMLESD, VP-YVEOAZFLYFETAICHR Bomar leat 9 Lost: aelL ne LNbYYD Y-Tyk B" YAITU— res UR Lb-k2 FLSEPL 5.6% x 0.54] x 4.21% 6.0% x 0.979 + 1.064% CAPM (AAREMBET I) CAWTHH ROIC 3.7% > WACC 2.4% NOPAT STRA om |____ psig 224.
Slide 19: FY2025 outlook
HOLDINGS PPAR fe ee at Otes @2025#11AH Rianhta
Slide 20: FY2025 guidance
Ee 202541 1AM FRY U— - YoY+1O%HORR, 8% | Fy25 xara (=h—a Riei@ 5 3 Osc + chit - SRMMe BT FEL 640.600 | MHF 34.40 YoY +14.7% YoY +10.8% a Ligiltt 108.0en EPS 103.9: Beit 62.9en ROE 13.0. | see A-F-FIVY WHAOEE RpByY r POMEL U74—-bissne ARoc S332 HA Ae (POS SERED) FPY EOE (OCHO RRR BIL)
Slide 21: FY2025 forecast
Pew 2025411 Ai RST - RROARMEMRAS. —iBsait FY25 wwe; BV ATRERICKSMUARERIC, SMHS RMOMMH +R fl 55 commecocmemmamieoxd Y SB - HBOS r PA/PNFRLEBO eGrpARAIL Hoe Ov AF Fry EOMA / AA BUS MMIC AI Tet Y Y7A—-LOCDMBKAWLHAVAYAY hMEE (SMA SEALE) ACFERERE Gv T-PSMERWCLAYATLRBOMM (BRAM RORE() RAH Fv eantmsonoms (4
Slide 22: STAR
STAR MICA HOLDINGS T(t He HELO BLAH (RV YY ay coke) ASAP ic mah tt O Mie ab SS PRICUNPAVY Yay OMS FR, SRNR YY ae MEV YY AVYORGMR OMB RIC KO. mihi ROA LY 4 Ya YineSibA MB YY AV BARN EORA SHE DT BMGRSORHVYY avis ARA <BMMV YY 3D EMRE ROK (4) > SE-MRVYYaVRARR PAY yay 83,183 400% 350% 26,284 35,987 300%
Slide 23: Pi OCHO
Pi OCHO HOLDINGS SVMs RACH OM ZiEo, FY24(C HV TEMAS < FaG A-F—-FLYUMEPISRAMMS Ee DEA THORROSAbICKOKMMES Bias <HPREE SHE (=A E Rm / cle) ORIBL> YIRVYY AY BE (BH) Sth OCHSa#ARS 2S Ele FY241¢ RHR (SRE AME LEE) OCHSEM OMMET—KSTN-LUT, ORAPORE COREE LMSC FY 241d RACY OMA DBAS < HGNG RALSHKOMSEZALets FY25D
Slide 24: FY2025 forecast by segment
Miew 2025411 AH mr 78 HOLDINGS STAR | - Thm: CLRNMROBRENRVERIRORMMe BT - RRSROREKRICKO, ARAE] LOMO e FB FY24 FY25 (fF) 26 ta BURL FRaz cla 558.4 640.6 114.7% SBU INV Yay (88) 46.6 44.7 95.8% SBUINVYY ay EBS (AR) 490.6 566.7 115.5% SBTYAARAY AES 8.9 19.7 220.2% SBP KNIT U—-BE 12.1 9.3 77.1% LAE 98.1
Slide 25: FY2025 segment forecast
Rien 2025 11ARA SBP RHE ae UNV YY a VBS LRARAR - ANHCMREOBWA-F—-F LV YUMRORBRRUSMeme lL. Mme FY25R PI UINV YY aR (eR) TLBNROAR +17.5% 7 J 74.9184 3.1 ene: f o 63.885 Sal -— oczort LRPMAREM (GAMA HM) 7.8 oc 20 486A 1 @ oe ° Boe Yn +31.7% +2.6% ‘A0.3pt — SS = = YoY +32.9% _ 7 BIH TOLAPRRVUEREPROMAMC K
Slide 26: 25. 0% 20. 0% 15. 0% 10. 0% 5.0 % 0.0 %
25. 0% 20. 0% 15. 0% 10. 0% 5.0 % 0.0 %
Slide 27: 30. .0 25. .0 20. .0 80. 15. 60. 10. 0 40. 0 5.0
30. 0 140 .0 25. 0 120 .0 20. 0 100 .0 80. 0 15. 0 60. 0 10. 0 40. 0 5.0 20. 0 0.0 0.0
Slide 28: FY2024 results
STAR MICA HOLDINGS 20241 1FAHA ik Copyright © Starmica Holdings All Rights Reserved
Slide 29: FY2024 results summary
Mew 2024411AH xm YU— HOLDINGS STAR | - EREOMRTARMRMeHL IT, Soh: cChRMMC bicHtRee SM - SRNL CRRISHA, HMORMPMSAlale Ls CHMERLIT FY24 fe. Pareee Pew 488.7 558.4 541.5 114.3% 103.1% - FHREHHORRMARAL, SRRCTAY A THM se LRA dt 84.2 98.1 89.1 116.6% 110.1% - BBHOMR GMPFEC) COMMER - A-F-FIYIMESOM MICE, RRMA
Slide 30: Income statement (PL)
Pree saaketeee (PL) HOLDINGS - =“PRRBHBIcmITCRROHREMRYL, Thm: DhRMMe bIcBsRm - TAATORRSDT ENTS U-BRSERLIT, AI-FEACMRERAIL WPL (S388) LIXY HEUER? GED (fF) FY23 FY24 RURAL ATYRAKAYR Le 488.7 558.4 114.3% PENT HUR UIRTYY aR 481.5 537.3 111.6% TYRAKAY ABE 0.0 8.9 - YINTV Ay (AR) PEN 71 12.1 170.1% se La
Slide 31: Balance sheet (BS)
Mita Siextiam (BS) HOLDINGS STAR | - MPEEZRRMLMAMN-hIAUVAZABAGHS, GRRBCL TOMA iit - LNbLyYIAYhKO—ILeRILL, BORALRERE BS (= 258) READER (fF) FY23 HA FY24 HAR BURAARLE +1,465F A1,430R ne 924 995 107.6% 452 ler Nee 56RERURE 41 19 45.4% S6RSATHE 865 958 110.7% Beas 25 32 128.2% @8z 949 1,027 108.2% 3,938
Slide 32: Profit change factors
SRT - —PREBHHORMCBRICAIL, SRRICHW CHEEK SBRUROBM (HARM) EGRREA FY23 [ SS Flas : 48.48 YAIRVY Ya RR (SR) YIRVUY AV BR (eR) Eth se Lee rlat RE - REE FY24 t BF : 55.218 BYE 8 br ot YINRVYVYaAYBR (BB) © RARPRORELICFSRRMAORM (FY24 HA : 3,938F—>FY24 HBX : 3,973R. +1.3f8F9) YINRVYVAYVBR (5B) . RIUAGREME ED
Slide 33: APPENDIX
HOLDINGS 3 APPENDIX ORESLONBORMRR (SE)
Slide 34: ◼ ◼ ◼ 0.0 2.0 4.0 6.0 8.0 10. 12. 14. 0 16. 0
◼ ◼ ◼ 16 14 12 10 8 6 4 2 0 0.0 2.0 4.0 6.0 8.0 10. 0 12. 0 14. 0 16. 0
Slide 35: Supplementary materials [2/4]
Me RESCONMORURM [2/4] 7 HOLDINGS ERRIRACLTOMFRBADERS vy V2 7O—LEAVTFAKRHASS - RAT SU MADREMDTNSYAL—h EME (RIDE) (Stk - BE LSN—ZCHMMICM AST > TBD. BRAY y Ya7O—-aV1F 21 ERELOBHES vy yVaAF7O-ld7IACTHO, BSttvowsldihs - “ORAS SOM MAD SRE EMI CHES USZS ML, BEE CAME eee py 5270 EARN SRAL. SRA REMMSEWCE S7—
Slide 36: Supplementary materials [3/4]
STAR Mite tESCOMRORMBAR [3/4] ° HOLDINGS LUPKKORAVYYY AYO MBB ICED HIRD TWiSd, SROV—-TY hleDWT EDESICHTUNSD? MBA ERE L Cite TETUNSBAS ? YSN-YAvVLRE COK< AREHOR (EIS? Rib S SAS ? EFPPROM BARN ICSiel Cb. BHO Om ROMs FRAGSCPM - “HOSERALYU PICSUSREBAWOPAYY Y a imitls BRON ILDAR. U-VU Yay7 Cb PRAREN - DA
Slide 37: Supplementary materials [4/4]
ee #ESCONMORURM [4/4] ° HOLDINGS BSF LARAOMMISER A - YH IL—FOSBREABDSOBACDDSAZ Kh SSMLHORBEEI SD, BHAT UII hE REWICTA<, CME OMPBSAy LHHICAIO. SHADY PHC KSSABELEAS I - SEESMEBSEALADS, MOMENTE RITZ _ B(ESO—YVRAIOABAELAIERTCOOS<, BEAOZEBINAWCRE SALARIES - BAOHEO YUMA AARPLHST (OMEN) CHR RRAOWBIS? - BAS
Slide 38: APPENDIX
STAR MICA HOLDINGS 3 APPENDIX QERne Copyright © Starmica Holdings All Rights Reserved
Slide 39: Group business overview
ee HSK KIA UAOBANSH HOLDINGS 4 - UVANVYYVAYVBREAP SR CWB, AI—-7Fea CMARAbe BST HSTARMICA HOLDINGS Find the Value FT IV—-TFEKO BRRBRE - RESR HESTARMICA ZISTARMICA HISTARMICA BUSTARMICA STARMICA Residence Property Asset Partners Asset Management : : FITK—kb WyRwyyas WIRTY yas 1 RAY | pene | ENTE NEY %
Slide 40: a7 RR (2B) |
a7 RR (2B) | - HAC MECEAHITNYUA—-Fxr-y fgA BI?P=U-917O A-F—-FIYIMAEX1Y Cis B ici Lic< WMHORA Heel FHEORHMERLCAR a BREGU/N-—YaAYYYYAve 2hE2ar Cis B Zikits SHAADI ——ZAlcwbAr Minnaxat ARoG RA BAAD BMIBES CMHERA BB YHt7I—-7FCORREBICED. SieAOREGES LEDHK—-b B <4 ocMEEEH Came EWAN aA-—Py7 B 'SERASEOERS RRC
Slide 41: SNE 2Y—- V1NORBRBERT
SNE 2Y—- V1NORBRBERT ie 5 DO+—7—K - HOOFRUMANOMN-hI7zVARBICEO, BREE <K MRetahs a & —= | lomivyyavaw > + 2 : aes “AF -FIVI ME am B iis IP =U—494 Fone , METSPATHBW YJN-YVay "ABE (SBA MUCK ORE CHES SIE Copyright © Starmica Holdings All Rights Reserved EDOM TEAsH > SEBAMmAcaRLEE MER—KAIAUA MSHA LE” REE
Slide 42: PRR (AT—IHNI-)
PRR (AT—IHNI-) - BARRIS MAS COMA X 1 Y - ANL-VsAVIsARLCAREPCONDYAZEMO, MENGE EERH m F3 HteA SMES = Sa@epile7))—7AOSSE . YIR-YAVIFIY » (HRD © AHEGNSH Ee BALICRAE AGENTS LICADS BFS k SeBMBt teak, RO RHRAS CO Mahia ADIRIEI X4 Y DIBADSB = HM S— Bd SS ee CRD SBI Att Cri Bm PF At O hess b BEADS OBRBAS—MHO
Slide 43: 1,8 4,5 1,6 4,0 1,4 3,5 1,2 3,0 1,0 00 2,5 00 800 2,0
1,8 00 4,5 00 1,6 00 4,0 00 1,4 00 3,5 00 1,2 00 3,0 00 1,0 00 2,5 00 800 2,0 00 600 1,5 00 400 1,0 00 200 500 0 0
Slide 44: MICA MRSeEy ae Se Ese
MICA MRSeEy ae Se Ese HOLDINGS TRUM COREITICED, tarlcamentem—kI7AUA Eta Samael Bub dal mw ER20F~ = FRIOF~ ERte~ a40nikiG =" 40ni~ — 6Oni~ akRap HaSG «BAB mRBAISG~ = ~RRAS OE =80mi~ = 100ni~ mE LUP th = = Rieteale " 28.2% 26.5% 55.7% 55.5% 27.4% 33.4% 22.6% 21.2% 8.8% 8.4% . FY23# FY2438% FY23HR FY24
Slide 45: Company profile
STAR Bee e-al We (2024251 1A SORIA) Bre ZI-— + VAN H-WF 4 YVIARASH # WZ YIRDyy BR. 4 AA BAY hERRUT KIA TORENT S 1g 8 REF ITL GESA-—K 2975) Boas 25448 RI— + VAARNSH. AI—- VIA PRYRVRYUAY hRASH, FT Nb- FR RI—* VAN VIFYARNSH. ZAI-—- VIA+ FONT 4 RASH, ZI-—* VAAN PRYK + N-KF-ARASH _— Att URES) . ALOE CALE
Slide 46: Contact
Mae SHWapes HOLDINGS STAR | RI—* VIA Hh VIRB STARMICA HOLDINGS Be : #RE IRFIL-7 E-mail ir.group@starmica.co.jp URL : https://www.starmica-holdings.co.jp/ © AABCRMANTHWSPM RELI, RM CAF RCARROGRORMCRECSASTHRGEAC KOR MICS ORES BHC LTHOES. RMORMIS, SRELERAK 42 TRESBRCESDREDSOIES. © RAM KSRARK. BRATRORBC