Star Mica Holdings Co., Ltd. · TSE:2975
Star Mica — FY2023 Earnings Presentation
47 slides from Star Mica's earnings presentation, Sep 29, 2023
Slide 1: Star Mica Holdings results presentation
HOLDINGS 2023411AH #3 yy “y we RMB 20234 9 A298 Tk
Slide 2: 1. Results
STAR MICA HOLDINGS 1. RINT ITh opyright rmica Holdings All NI
Slide 3: Income statement (PL)
Mie iRttstes (PL) HOLDINGS STAR | - Fok: URE RBORLIT, PRE COMRKRD Mii - BBNCAMRAERK. SROBEKRVELAYD 3246PL (=2IRB) CIAY KATE ANHEB 2 (fF) 2022/11#83Q 2023/11#83Q eer " Gee) Garay, SERINE aLS 373.1 371.0 99.4% AYRARXYA YIRVIY ay BE 367.4 365.6 99.5% PERTTI AYRAKKAY ABE - - - PENG TUB 5.7 54 94.4% YARN
Slide 4: Balance sheet (BS)
Mia Sisxtiam (BS) HOLDINGS STAR | - HBA + IRBONDYACREGMS, RAVYYAVREeRLIT - BREAMRHEICEOBCRAUBENE, 3QHMT24.5% GBS (= HAR) RATER 2022/11 2023/11 a (ee) Gera) BRE BAS? a8 298% 2828 RHBE 881 908 103.1% SbRERUES 31 42 135.1% GSS SSRARTHE 831 847 101.9% ese 22 24 108.5% eae 903 932 103.2% 2022/1188 2023/1
Slide 5: Progress against forecast
BANE 2023/1198 ones RDB gy ubeg - RAP ROM LRG (Ce CE ISHTS% 2023/1188 2023/1138 AFAR (fF) 3 QS (fA) cha 502.6 371.0 SBU INV YABB 495.3 365.6 SETYNAKAYVEBR - - - SBP ENT UR 7.3 5.4 73.8% so Leela 89.2 66.3 74.4% BBV INYVUYAVEBR 83.9 62.6 74.6% SBLTYAKARAXAYVA BR - - - SBP ENTPU-BR 5.2 3.7 71.3% inoeS
Slide 6: Forecast and measures
STAR Po smncoek | Miri 2023/1 1HORRL HOLDINGS - JETTHOTHS, EROMBEILS ED LIBARU ikice Biel HR (12A~5A) Ria FH (68~11A) Ast > WAR: 653A (SAMs EO) > PAVNGRTEHE Bit RASC EPA we > FRE 514.1% «(Mt we LESH) > PRR REL IT Ae ER TEL + LAR 2022/1 1 HALE CO FUZSSIE FED IN > ARR: 746R (SAM EtHIED) > MA-F-FLV IM
Slide 7: 2. Business overview
STAR MICA HOLDINGS opyright rmica Holdings All “NI
Slide 8: Market and business environment
Mae BERORAD (ER - RAAB — HOLDINGS - ENOUSNYYYaVBEICSWC. BE REPRESS, PAVYYavibgOmAeU—kK <USINVYYAYBR WSlFROWBB (AF) > < BURA > < FEMZHA > < ikAH > EVRAET IY CME TNE, RBPHRLITCEURAET IVE, RLU TROLS AR 3 6 BEC L3B BRERE HR AWE HIE TI1 LwENBT, HRRIEMR (20224) 3,798 ° 1,640 SABER, WARK, BMRA. LMRRGEMR (2
Slide 9: Market environment
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Slide 10: Performance trend (PL)
Pte HSEREORMM (PL) HOLDINGS VAINVYY aYBRORAPREMICaDt, AMMA REL THE MF CIMA RARRORA LAURA, SREKOMMMAS CMR <UTXYhAMORTLBANE' OB (1A) > BUSNYY Yay (88) BUSNYY Yay (FB) ePENTHU— TYKARXYA YINVY YAY BROS CBERME (2018) (CMS SBR HR WARE RMS. ENOV/NVY Yay BR VEERREEP 5.4 TYRZAKAYABRO Was RENE oA ARIE 5.6 ] 4
Slide 11: Performance trend (BS) -1
Lite SSEALRDSB@ (BS) -1 2, eam HOLDINGS BANA (Ahky 7) HRA. REHCMERA SRE REGAhYVeRLi, BAR (FO-M) ORRCRSEAREMXK <RCATHERASLUSAMOWG (fA) > Ect HEATHER RICNS Savi | 254 207 150 169 143 123 er 113 SSila 78 689 743 OVRR 52 562 448 8 7 ~ . 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 | Bait (SHAR R) =
Slide 12: Performance trend (BS) -2
Hee SSEALRDRBI@ (BS) -2 = - 2022/11HOSHmit250 A, RAP RISRAREANNO.1 RAR (ISA HR) “1 Batt ii — ABR — MeIAb 1405 as 2022/1 1HAK = 2022/1 1HAK SERRA ESRD mem IR = MERA RARE RBS (Hh) ava (BSH) “EES Ht 20227 LAR MICS SRA RAR ICH ER
Slide 13: .0 0.6 .0 0.5 80. 0.4 60. 0.3 40. 0.2 0 20. 0 0.1
120 .0 0.6 0 100 .0 0.5 0 80. 0 0.4 0 60. 0 0.3 0 40. 0 0.2 0 20. 0 0.1 0 0.0 0.0 0
Slide 14: Performance trend: operating profit margin
Re SERCO ALOK) (RABEHERR) — HOLDINGS - BORRCONIYVACBRLEMNS, SRNR \RMORMNTAREEA <ERMBIRGORS (8A, %) > me CRA BNFaR ZOHRR —--ACRALE 29.0% 28.3% 26.1% pe.e% 268% 26.9% ; 25.6% 26.2% 24.3% PEE 653 551 wan 564 440 370 357 one 341 250 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Copyright © Starmica
Slide 15: Performance trend: ROE
Rie SEGRE OBLBRD (ROE) — HOLDINGS - BBRROLNEYyYIAYkO—)bIck 9, ROEALFA <BOAAAMRE (ROE) 'OHB (%) > 17.5% 14.1% 12.7% 13.2% 11.4% 11.8% 9.3% 9.1% 7.1% 6.9% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 | BCBANSE (ROE) = 4EARIAR + BRP CRA Copyright © Starmica Holdings All Rights Reserved
Slide 16: 60. 0% 50. 0% 40. 0% 30. 0% 20. 0% 10. 0% 0.0 %
60. 0% 50. 0% 40. 0% 30. 0% 20. 0% 10. 0% 0.0 %
Slide 17: Challenge 2022 initiatives
ee Somes (SK) | == HOLDINGS - HHO "SAFBEHE CHTPKBRERRL, SRRMROBSCSRAC AEST - PEACHES, Him Cl. SEARS SOM PRS HHORESTDS "Challenge 2022) Ci8lF7= Be - BRARSRE BR YISNR-YVAY THAOEEEBRZS Sk. HEBSUAZD x SROEVYRAFVYA (2B) AHH : LIN-YVAY CKHERREEAS RHEE : MRAZ (be -RIEWA) Ban Bank PMO Re (AASB) DRE + HBC DI
Slide 18: Business model
MICA Mex ort eZ) 2, eam - lA-F—-FLrvVits CEHCLLBARKR CHL, BRGRREBBST "A-F—FIV Vl CE Sait UicBARRORE resets “td, LU PP Mirhit, MeASe TA UBD THA SRE——ZANMASSS, MMR EWEPAVNIKITIO VHA ZIEK * NAF —F cP OE: RAD EP ORIE CHS DF (REO, : ABHOWSRE CH SE ZBL \o red mica Holdings All Rights Reserv af BMOBWIMALY
Slide 19: Business model and strengths
MICA Me Soret Cea) 2, eam HOLDINGS (MBE A—ARIE KO, ARSC MBIS SR, 201 OFLU MOKEICRSCCEBE Ala TS = ise RUEMICAN-L. RENGCHRKRSe BST <ABRHORRAR (A) RUNGE! (%) > MRP ('A-F-FIVIBA, Met) RP ( CBA, Yt) mem ARTA (Sth) AROSE ('A-F—-FIYIBA, WH) mw ARATE ( A, Yt) 15.8% 15.3% 15.4% ° s $0.13.8% s 1" TSR A ME ZS
Slide 20: 3. Growth strategy
STAR MICA HOLDINGS 3. BRAA opyright mica Holdings All
Slide 21: Growth strategy: Find the Value
STAR 3. mRNE s—RL-b- 2O-AY | sees | - BNR RAS LO, RREBSSSPECAT Find the Value TES" DS “EDS "H2ORRN Ham & SAS BROBMISN STARMICA Way
Slide 22: Group structure
STAR TF 2 ee EO) MICA a ara - IP BRXOREWGMRICMA. SVP ey KBE CHEEMARS SER i STARMICA HOLDINGS Find the Value FN—-FEKO BRRBRE - ESE ig] STARMICA ISTARMICA JSTARMICA EJSTARMICA EISTARMICA a Residence Property Asset Partners Asset Management THERA =o YIRWYAY YIRWYYAY AYN 721N—-b wie aean RATER ahedele h
Slide 23: Growth strategy
HOLDINGS 3. BRAS a7 wR cane | — - HBICMEZEAKINVa—-Fxr—yY isA RA B7r=U-9170 B SAO BABEE CMEERA A-F-—FLVVYMEEXTY CHE B 4Ht7)L—7COBBERICKED, BM —AA cH Lic < WORE his Al BSAORBSBSLEGR-b AHEORHEM LICR REGU /N-—YAYYYY Ave B h< 2 ockMESH Came SH=F2erh tHe EEWANY 1-797 BM Zikitd SHBAO-——ZAlchwAr B 'XERASSOE
Slide 24: Business strengths (1)
AP HR (BA) - BRD OHBHGUHIBACRHS Sttiha <AROMAMSIZO— (1X-Y) > POINT® : (hipse4t & OiBEa B AE RAF AFIPS rt FRONTALP CUT. #4,000 Be, Ip ORME bic Disete BUY L—y ay EM 80% Mths POINTS : ERAT Ot 2 = POINT@ : Bm aRA SE ARat Has —9A— Zick SME OMMREEE 3, | BA POINTS) : H+RBWOMETH. 3% 1205 KCOTHHICRBTEGBEN |
Slide 25: Business strengths (2)
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Slide 26: Renovation and design
STAR I7PBH (UJN-Yayv) - mHeRS56N5, AMRG BOWLS Hi + SHE CIS ma: IAh- Lem BLTS BSLPIASERLETIVIVIG HLSHtcowmeery kKI-7F BZHORUPT Aer —Vic, CLWERPHHE OBE © ShSPMHlc CS< OMLSH CE TA-YUT. KHOI OIY NG KBREHRRP HRN BHA eC TOe AE ELE HE FY FVRESEOMPINCTFIVIVIG HRSOMHFICADET. BREY /N-YavVIFVeERH MODERN BLAH C
Slide 27: 100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%
100.0% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%
Slide 28: Asset management business
BY Jy rty hat Weel (BRE /RBRAEY x2) - Ah-F3tk 5 SBAE/RARATCVRACRH - RMN BRESREAT SAREEML, MBOMYY A YT tmhigeliee BST RAMS/ ial STARMICA SRREICMA, AHEERES OI FITRA EGET a Management 7*/*#¥7%> Ea PRYKVRUAY hERE y Ane) ViekSNVA—-P YT, aA Mk LESS redeem ara basal fEXOPMStt le STARMICA Asset Partners D:
Slide 29: Growth strategy
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Slide 30: Group history and growth
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Slide 31: 4. Sustainability (ESG)
STAR MICA HOLDINGS 4. ASykxXyYk (ESG) opyright mica Holdings All
Slide 32: Sustainability initiatives
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Slide 33: ESG: environment
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Slide 34: ESG: social
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Slide 35: ESG: governance
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Slide 36: Key drivers and initiatives
RFLAORS - MAAZFFEUT 41 BACOTIY TAY TIM, 4, ASyhxYb YSR-VAYYVYYAYVORE FROU—TF4AVIAVN6O—CULC FRSKOMMZEST SUS UB=zBHS <HBBMHO USN-YAaYYY Yay NOT X-YORE> ~2022% CHETOR 20234LK~ SRORIITNER WAZI-Z3 MES +mametTATFevUsr 4, @ ‘mics, MEMS + anes <Key Driver> BP ULYAILHE OAc i HOR As SHROwRAEM e TERRES 1 <Key
Slide 37: 5. Shareholder returns
STAR MICA HOLDINGS 5. REIT
Slide 38: Capital policy and ROE
STAR fiz] FR - Skid, BORA OHRRUBEMSEORMLCEN 2022/1184 SEOAH 17.5% ROEO#EF oO ie LAI kO 7.7% JER LE OMASILES 0.53 A Pace aoe LNbDyYAYRO—Ib 4.31% = ck, BORALEO 45 "| BOBARRAS (ROE) = 4eRHFla + MP FHaCRA | RHEE nae + #8 “2 LBA SEANAAS = LS ‘ Ly ieee = i: : elects
Slide 39: Dividends
MICA ces barce 4 HOLDINGS 5. ET RASS BCe Rie L, 2023/1 1 HORA PARISO.5 Asa t 320.08 RERTICMARARREPHEAMOALeSmML., ACROSS Rit <1tR4 fc 0 FBC EOFS (EPS) OH (FA) I> eRe ORM a 1 RY Te DEAR 195 20.0 16.0 16.0 16.0 16.5 145 6.0 16.0 16.0 90.00 20.97 21.47 2013/11 2014/11 2015/11 2016/11 2017/11 2018/11 201
Slide 40: 6. Reference
STAR MICA HOLDINGS 6. SFR
Slide 41: Market data
MICA MEE De tes HOLDINGS 2016. PAV YY aU RAS YY a ee SROPAVYY AVREIER<. PREVA CHSC PE <VYY AYER RHFROHE (SRB. ) > we et 83,183 $B (20034-2021) Pry: +51.5% ge: 659.6% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (HA) HASH AHESAMAM (SRV Y aviphiheas S4
Slide 42: Market data
STAR Mite iakkROR®D - AEP CMA, ESO-URt PRBMKEMEOMRES DO, {ES O—Y CHAP SRE hie <f60-VRWRESEO '75Ybh35 (SHRBERAUESO—Y) 1 OF HRAMOHEB> FSO-YRHBE (HEA) 8 —e FaeFl (%) 2,109 3.51% 1,833 1.74% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 (HP) ECR RM "(DF y h35)
Slide 43: Market data
STAR MICA ZKRROE BRR ORO HOLDINGS - 50—-ViRAASRACHRL THREMGO, HREBRI Steal WBK2OFMT SRI MRAICER BAO: GSwesRic,. "Sl GARR <HREK LURE + WHER THSHBOMAD> <2022/1 HAMAR ~ARRHOWR> RE RM MER THSttaoMs #3, Be D-YeWat 85, Ba (88) (It + Fila) 63.5% Bae 12.655 10.255 BAe 11.3458 8.854 56.2% ABH 9.754 7.148 "20
Slide 44: Market data
ee mERROER® HOLDINGS - Pleo SMR YY avVichbpSEseuTt, FRG Cama BY /N-YayVYY AYER MRCUA, PAVYY a YOMBSFA {ESOBRKCLTHAVYY Y aYOREMRES <BMBVY Yay Fae (5A) > me Pay yay WRVV Vay 6,260 4578 92,4005 3,869 #2,000AFI 2,530 <(ESHA + BRRNAORAE SEA > 41% 30% a 29% 23%, 2011 2012 2013 2014 2015 2016 2017 2018 201
Slide 45: Shareholder structure
STAR REBRK 1 Wee (20234 5 A31 BS) - 5,0008Z2BASHAREDM, RERECULTHHRNERA - OMAR N25%, FO-NbLicBASNSSHTIL-FOEVYRA STATE STREET BANK AND TRUST COMPANY 505019 : + -2.6% RE FUND 107-CLIENT AC: + - 2.4% 3 P = JP MORGAN CHASE BANK 380646 « + - 2.2% BAR - KIA FUND 136 = + - 1.9% ° 26.1% - GOVERNMENT OF NORWA
Slide 46: Company overview
STAR Pera e al wenn § (202347 8 A31 RZ) Bre ZI-— + VAN H-WF 4 YVIARASH & ava YSRVYYVA VBE. TYKA KXAYVEKBERUP ENA YU -BRERNTS FTI-7FEKORESRR, CEFBS La The REF ITL GESA-—K 2975) EBA 2238/8 RI— + VAARNSH. AI—- VIA PRYRVRYUAY hRASH, FT Nb- FR RI—* VAN VIFYARNSH. ZAI-—- VIA+ FONT 4 RASH, ZI-—* VAAN PRYK
Slide 47: Contact and notes
Mae SHWapes HOLDINGS STAR | AI— + VIA + h-IF 4 VIARASHA STARMICA HOLDINGS BS °° the 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. BRATR