Star Mica Holdings Co., Ltd. · TSE:2975

Star Mica — Q1 FY2025 Earnings Presentation

43 slides from Star Mica's earnings presentation, February 2025

  1. Slide 1: STARMICA HOLDINGS Find the Value

    STARMICA HOLDINGS Find the Value 20251188 o 1 4H Re AAA 2025437318

  2. Slide 2: Agenda

    STAR , MICA PER | 1. 20259711788 53 1 FHA RARE O RARE 2 PMSHHOLS (hey 72) 202511788 Sia-P48 (20244115 RBA) 3. RESCOMWMORUWRR (AS) D PMCS 3 UHR @ &<SSHM 4. APPENDIX © PRESHBORT (20241155) RE RMEENS OBS) 2 SAS N | PHS OMS EA "FY 24-26 phate = stil “Find the Value 2026") €CSR< AW MBS —9 ek CHfceFact Bo

  3. Slide 3: aes ABHBLUEWZE |

    aes ABHBLUEWZE | eimee PsbS: Reb Q1 CMHAKES #GINTSTR EE - WPA OARE Pate WEORseD Res | Fie ra C OES (SRD T RUF 20251 1AH8 meee - Lm 160f8A (Ge : 25.1%) - BRA 2318 (i538 : 36.6%) - GEAREAS: = 1 4A ESE : 41.3%) RMIcCWSTS BEI A EORHE+A cH r-) < Bank - PERMEPNAV\—ZA CORR HICKS nina —EOeymale bis wl

  4. Slide 4: STARMICA HOLDINGS

    STAR MICA HOLDINGS 202511788 1 ORMME Copyright © Starmica Holdings All Rights Reserved

  5. Slide 5: 70. 60. 50. 40. 30. 20. 10. 0.0

    70. 0 60. 0 50. 0 40. 0 30. 0 20. 0 10. 0 0.0

  6. Slide 6: 35. 30. 25. 20. 15. 10. 5.0 0.0

    35. 0 30. 0 25. 0 20. 0 15. 0 10. 0 5.0 0.0

  7. Slide 7: STAR

    STAR MICA HOLDINGS RHEE (PL) SRR [3/3] - A-F-FLYIUMECOD A Pah OLS YU J Nish Roch PRL SRAUROBA (AREA) SLB Fl SE ] EGBREA BAe : Ql 12.3(89 YAIRVY Ya RR (SR) YIRVY Ya VRE (3) +10.8f8F Eth se Lee rlat RE - REE FY25 Ql A-F—F LYSE LTMAL. BAD BEBE /N— EPS AES. ad BR Alzs : 23.0085 By 24 88 br Slt me OR “2A

  8. Slide 8: Mita Siextiam (BS)

    Mita Siextiam (BS) HOLDINGS STAR | - HPEZEERMLMAN-—hI7AVACABAGHS, GRRBCL TMS RBNICHA - PBREEEHHT\<, BORRLEOE-IUY Te ihic BBS (=25B) Boe FARES ik (@F) -FY24BRR 0 FY25Q1R AUR +4525 RHA 995 1,068 107.4% +162/85 SSRERUEE 19 48 255.3% SSA HE | 958 999 104.3% rae 32 35 109.0% az 1,027 1,103 107.4% RHA 160

  9. Slide 9: Medium-term management plan

    HOLDINGS 202511788 1 QPwgethoes (KEy72)

  10. Slide 10: .0% 3.5 90. 0% 3.0 2.5 80. 0% 2.0 1.5 70. 0% .0 0

    100 .0% 3.5 0 90. 0% 3.0 0 2.5 0 80. 0% 2.0 0 1.5 0 70. 0% 1.0 0 0.5 0 60. 0% 0.0 0 50. 0% 40. 0% 4.0 0 3.5 0 30. 0% 3.0 0 2.5 0 20. 0% 2.0 0 1.5 0 10. 0% 1.0 0 0.5 0 0.0 0 0.0 %

  11. Slide 11: Medium-term plan progress [2/4]

    STAR MICA HOLDINGS PHESHHOKEY 7A [2/4] KENT RE OES - BERKONILDIRECLTHI37AREH-RACHA (20244 3 A) - FY2025 Qlifm Cmit4 1A eis Prd REPHOKS 1. HEP T SY ERY RY AILP _ E1—99— 412 sumer: 417 sama: 71a Copyright © Si PiCES + EERE SR (8 : 6247) . EAA 1 FH AAEM : HORTA sama : 265 (8% : 216F) . N-INAYNER Git: m

  12. Slide 12: Medium-term plan progress [3/4]

    FAY PMEBHBOKEY 72 [3/4] MICA ee ae - RERASOP—AT THE? lonIAKeSAL. FSAHPRBReE - 4~SAicBADAPRARARAI tS t+—\OREEPE FY25 Q1Ri& BREF EOTNYb = RARRSOP—AT7HaeAH (AR) m RANRBRAO-—KYa— 2 ; - 4AM Pe (20244 7 AR) - MHOBMABRAR Cc OR MEMNEN = PARBRAILSEt— (4~5A) 1. BARB MRS - BIB :2025%4A9B (x) 20:00~21:00 . enar

  13. Slide 13: 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

  14. Slide 14: Medium-term management plan

    HOLDINGS 202511 AHiiay? (202411 AHA RE HNARSD 5S ORECEORS. rims ° 1 TSR ESV

  15. Slide 15: Q1 FY2025 results summary

    Ee 202541 1AM FRY U— - YoY+1lO%#HORKR, BARAOTE - chm - BRMRe BT | Fy25 2a | sees A-F-F IVY Lis 640.6en AAMAS 34.46n taf NOEN YoY +14.7% YoY +10.8% ay 2POmL se Ligtiz 108.0c EPS 103.2: U7 4— Lie YoY +10.0% eR IINNEG (ROS SERED) 1 . . Bata | ROE 13.0. zee “ FY25 QIAR RA CPR ASMP TRA MICE eat h Copyrig

  16. Slide 16: Q1 FY2025 segment results

    Rien 2025 11ARA SBP RHE ae UNV YY a VBS LRARAR - ANHCMREOBWA-F—-F LV YUMRORBRRUSMeme lL. Mme FY25R PI UI NV YY a YB (FE) REBNROAR +17.5% 7 J 74.9184 3.1 IRE sa ELS 63.8189 6am — oczort SPAMMER (BURA LHe) 7.8 486A 36.6858 20.4% a OCUSNS @ (431.7%) = (42.6%) = _—s (0.3 pt) vor +32.9% 27 —_ m4 ad MBE C

  17. Slide 17: 25. 0% 20. 0% 15. 0% 10. 0% 5.0 % 0.0 %

    25. 0% 20. 0% 15. 0% 10. 0% 5.0 % 0.0 %

  18. Slide 18: Section

    HOLDINGS 3 RES COMBROAIEK OMICS S Bate

  19. Slide 19: 1,3 1,3 1,3 1,2 1,2 1,2 0 100 1,2 20 80 1,2 00

    200 1,3 40 180 1,3 20 160 1,3 00 1,2 80 140 1,2 60 120 1,2 40 100 1,2 20 80 1,2 00

  20. Slide 20: Capital policy and valuation [2/3]

    star BLESS Sette [2/3] - RE7CCPBRId 1 HFELEIO. ROEM 2% E = iti - PERIMGRACLCEKETHO. MERMISAS UW Csi PBRO SIF PBR =) ROE ° PER rar 1.1x 13.0% 8.7x oe Ht RELT I 4 bRHEC II —F9 oe Ht REET 34 LAHECII—F oe Ht REET 34 LAHECII—F Vax 21.0% 19.0x 1.3x 13x 18.0% 17.0x 1.2x 1.2) 15.0% 13.0% ror! 39% oy 2x . *

  21. Slide 21: Mie ($8) xMoxet

    Mie ($8) xMoxet HOLDINGS - SACRE RI ROMm CHROMA. FRAC RMEHETSEYVRAETIL Y-Vvy yay 7 (2007~2010) OB RABMOHE (18%. 20074=100) ee Ht REET I 1 LRHEEIY—Hy (WR = 3241)" HMR O EET PRY ay 7 ERMA 100 100 89 86 80 74 20 14 20 10 2007 2008 2009 2010 * 2025 2 Aim CRAET I 7 bic LL CW SRHELII—OLE (50H) £O. Hier —

  22. Slide 22: 0.0 2.0 4.0 6.0 8.0 10. 12. 14. 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

  23. Slide 23: 1,4 00.00 1,2 00.00 1,0 00.00 .00 .00 .00 .00 0.0 0

    1,4 00.00 1,2 00.00 1,0 00.00 800 .00 600 .00 400 .00 200 .00 0.0 0

  24. Slide 24: RAN (2%) Saat osm [1/2]

    RAN (2%) Saat osm [1/2] May Oe A - PRE MICkIT. SHMOSS SHERERR - DEBACRAMEOMMRLAL KOT. Beals] OSA BPROM PR s+ 248A _ +80: A72089 ual 258eA whiceBL SIA? : 28.1% +7 28/2584 HAHORRZEIC KS _ pe FY23H9O HHOMA KS REGIS FY 24H O Sad aka oenell ss pho bad Sats | Batt (RAMHOSHE) = RAMHOR MOE — RAKES — BERR AI

  25. Slide 25: 40. 0% 30. 0% 20. 0% 10. 0% 0.0 % -10.0% 20 0 -20.0%

    140 40. 0% 120 30. 0% 100 20. 0% 80 10. 0% 60 0.0 % 40 -10.0% 20 0 -20.0%

  26. Slide 26: Section

    HOLDINGS 3 RES COMO 25<635R

  27. Slide 27: Shareholder returns [1/3]

    Mee eESCONRORARR [1/3] 7 HOLDINGS Beh LAAOWMSBE Rh - YT IL-7 ORMED SOE AC DDSAZ hSMEHOVSESY SD, KMBAD1 VND hE RMEWCTN<, RAK OMAESAy VHRICMN, SHADY PHC k SSN ECEORRIG - SRESMIABTERLANS, MOMNDE RTS B{ESO—-VYENOABELAIKECODS<, BEAOREBENAWCRE - BAOEZO—YUBSSMOMLHSH (GMEALOH) SBR WLAN ONT AAK? BULA ES _ :

  28. Slide 28: Shareholder returns [2/3]

    Mee HESCONBORARM [2/3] 7 HOLDINGS BRR CL TCOMFBAMERS vy YAF7O-LVIFARHEATS - RAT SMHBADREMDINDYAY—h LMR (ORARE) (cath - foes LEISN—A CHIBHICMA ZIT 2 CHO. BRE yYaz7O-Kv{(s Aaa E(RELOBRS vy YAFO-M7FIATHO, BAENOMBISBN - HHOMAT Sls, HAD 5S ieock Ce Clas COREL, BAK CHAMME See py 45 7O—p ERGMSRAL. RNC BAMA

  29. Slide 29: Shareholder returns [3/3]

    STAR Mite tESCOMRORMBAR [3/3] ° 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

  30. Slide 30: APPENDIX

    HOLDINGS 4 APPENDIX OPMS2HHORF (2024%11AM HNARSD 5S ORECEORS. rims ° 1kol TSR< ES.

  31. Slide 31: Be SHER ERREL [1/3]

    Be SHER ERREL [1/3] MICA Ce eo aee - RRARRUMSENEOEBRARERT<,. EBARSIBM - (Z1E Cae 120% © 10.0+% ©@ @ 14.0+% Al5+A O Als8hA 1,000+8 @ 25.01% @ Bea 70en we 40% © SAMA 38en 10x @ Ps Tot REBEL FY25~i8il - ESSERE “A-F—F IY SYNE EL CBA LE OE AE STRAT (=BAARARZC!

  32. Slide 32: SAY tMENBERSRAEL (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

  33. Slide 33: Pi OCHO

    Pi OCHO HOLDINGS - BEMAISRALWAOMD SiO, FY24IcB\ CERES < Hai - A-F-FILVIUPMFISRAHRSSe DEAZTCHORBOSALICE OXMMNBe BST HSER (=RARTETHERE/ cle) ORL UIRVYY AYRE (GH) Sk OCHmIEHARE ZS TRIAR FY 24 (SEHR OUEL ENCE) OCHARHAM OIEMES—K5-1N-LUT, OBOE CORE (ME LSRIES A FY 24SEC NPE DMI AS < SEN FALKOMMEGLS ES FY2

  34. Slide 34: SAY thE BERSRAML (3/3)

    SAY thE BERSRAML (3/3) FreEVLPAT—-Yaymyy— BAIAZKEKE< EMISROE > MRBCHA, +r eETIEMRRS SH lcHY Ay “ i ROE > REBAIAL < HSRRE PBHRMEORAIC RRA Bt SR3SHOF7¢ yYAIO— 5IOBARY Y— RSRRHEAO a "Cash-in Cash-out - eH (BF) 500~550ff Fi ROEM. #EBIZRKO 521 BE/= IEKBHGICKO. PRMERVLIL FAATLYE ORALE BRST ax BAICES BoRa

  35. Slide 35: APPENDIX

    STAR MICA HOLDINGS 4 APPENDIX QERne Copyright © Starmica Holdings All Rights Reserved

  36. Slide 36: Group business structure

    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 %

  37. Slide 37: 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

  38. Slide 38: 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

  39. Slide 39: 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

  40. Slide 40: 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

  41. Slide 41: 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

  42. Slide 42: Company profile

    STAR Peres eal Wie (2025% 2 H28HIRZE) 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 26518 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 CA

  43. Slide 43: 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

Star Mica Holdings — Q1 FY2025 Earnings Presentation on 6ix