Star Mica Holdings Co.,Ltd.
2975・Prime Market・Real Estate
Governance
A company with an Audit and Supervisory Committee (holding company structure). The Board of Directors consists of 5 members in total (1 Representative Director and 4 outside directors serving as Audit and Supervisory Committee members), with outside directors accounting for 80% of the board. A Nomination and Compensation Committee (chaired by an outside director), combining both nomination and compensation functions, has been established and meets twice a year. The attendance rate at Board of Directors meetings for all directors was 100%.
Risk Management
The company has established risk management regulations and set up a dedicated risk management department and responsible officer. It has identified nine sustainability-related risk items—including securing management talent, renovation works, climate change/carbon tax, legal and regulatory matters, natural disasters, and BCP—which are monitored by the Board of Directors. In the event of an emergency, a framework has been established to set up a response headquarters headed by the President and Representative Director.
Shareholder Returns
Aims for a total shareholder return ratio of 40% through semi-annual dividends. The annual dividend for FY2025 (ending November 2025) was ¥37.00 per share (interim ¥15.00, year-end ¥22.00). For FY2026 (ending November 2026), the interim dividend was ¥25.50, with a full-year forecast of ¥51.00 (a 37.8% year-on-year dividend increase).
Dividend Policy
Based on the medium-term management plan "Find the Value 2026," the basic policy is stable dividends and dividend increases twice a year (interim and year-end), targeting a total shareholder return ratio of 40% and EPS growth rate of 14% or more. The actual annual dividend for FY2025 (ending November 2025) was ¥37.00 per share (interim ¥15.00, year-end ¥22.00). For FY2026 (ending November 2026), an interim dividend of ¥25.50 has already been paid, and the full-year forecast is ¥51.00 per share (an increase of ¥14.00 year-on-year). Note that on June 1, 2026, a third-party allotment of new shares to Tokyo Tatemono Co., Ltd. was carried out (3,823,100 shares, ¥1,716 per share, proceeds of ¥6,560 million), and the resulting increase in share count will affect per-share metrics going forward.
ESG
Under the corporate philosophy of "Realizing a Society that Utilizes Rather Than Builds," the company has set materiality on reducing environmental impact through the utilization of existing housing. GHG emissions (Scope 1+2) were 124.3 t-CO2 in FY2025 (ending November 2025) (intensity of 0.17 t-CO2 per ¥100 million), with a target of a 40% reduction (intensity basis) by 2030 compared to FY2022 (ending November 2022). On the human capital front, the company has set indicators such as a female management ratio of 40% or more (FY2026 target) and a male childcare leave uptake rate of 100% (actual result for FY2025 ending November 2025), and is promoting workplace environment improvements such as the introduction of a flextime system and support for obtaining qualifications.
Last updated: February 19, 2026