Company profile
Our company was founded in April 1999, starting with real estate sales and brokerage. In 2001, we began our core business of real estate revitalization, conducting the Replanning Business® to transform office buildings to meet the needs of the times and reduce the waste of non-renewable resources. We have specialized departments within the company, including tenant attraction (leasing) and management (property management), and we operate office building businesses in collaboration with group companies in the construction, building maintenance, and rent guarantee sectors. Since 2015, leveraging the know-how gained from real estate revitalization, we have started hotel development and operation businesses. Currently, we are expanding our overseas business, including condominium projects in Vietnam and apartment revitalization projects in New York.
| President | Seiichi Saito |
| Capital | 11,965 million JPY |
| Established | April 8, 1999 |
| Fiscal Year-End | March 31 |
| Number of employees | Non-consolidated: 763 Consolidated: 1,417 (include part-time staff) (As of March 31, 2024) |
Features of Our Group
The Sun Frontier Group, guided by our management philosophy of "protecting all employees, pursuing both material and spiritual happiness, and contributing to the evolution and development of human society through a spirit of co-creation, while striving to achieve a sustainable society," is promoting the Sun Frontier Philosophy and advancing the Amoeba Management system, where each employee actively participates in management.
Business Structure
Our business is comprised of four segments: Real Estate Revitalization, Real Estate Services, Hotel and Tourism, and Others (including Overseas and Construction businesses).
Recent Performance（FY2024/03）
The core business of real estate revitalization has driven our performance due to steady progress in sales. Additionally, the real estate services business has steadily increased its performance, creating stable income as a stock-type business. Furthermore, the acquisition of properties in the Replanning Business has progressed to record levels, steadily accumulating inventory that will contribute to revenue generation in the next fiscal year and beyond. In the Hotel and Tourism Business, the performance of the Hotel Management Business has rapidly improved, benefiting from inbound demand. In the Hotel Development Business, we are promoting numerous development plans nationwide, aiming for the final year of our mid-term management plan in the fiscal year ending March 2025 and looking towards the next stage of growth, steadily building the foundation for future business.
As a result, for the fiscal year ending March 2024, our results are as follows: sales of 79,868 million yen (a decrease of 3.5% compared to the same period of the previous year), operating profit of 17,600 million yen (an increase of 18.1%), ordinary profit of 17,374 million yen (an increase of 18.0%), and quarterly net profit attributable to owners of the parent company of 11,917 million yen (an increase of 2.6%). For the full year, operating profit, ordinary profit, and net profit all reached record highs.
As a result, for the fiscal year ending March 2024, our results are as follows: sales of 79,868 million yen (a decrease of 3.5% compared to the same period of the previous year), operating profit of 17,600 million yen (an increase of 18.1%), ordinary profit of 17,374 million yen (an increase of 18.0%), and quarterly net profit attributable to owners of the parent company of 11,917 million yen (an increase of 2.6%). For the full year, operating profit, ordinary profit, and net profit all reached record highs.
Performance summary
Net sales
79.8
billion yen
Operating profit
17.6
billion yen
Ordinary profit
17.3
billion yen
Net profit attributable to shareholders of the parent company
11.9
billion yen
Dividends
58
yen
Equity ratio
48.0
%
Long-term Trends Since Establishment
After its establishment, the business expanded smoothly. However during the 2008 Lehman Shock and the subsequent global financial crisis, we experienced two consecutive periods of deficits.
After overcoming this severe crisis, we achieved nine consecutive years of revenue and profit growth through the fiscal year ended March 2020. Although we temporarily faced a decrease in revenue and profit during the fiscal year ended March 2021 due to the COVID-19 pandemic, by the fiscal year ended March 2024, we have firmly returned to a recovery path and are aiming for further growth, with the goal of realizing our long-term vision for 2035.
After overcoming this severe crisis, we achieved nine consecutive years of revenue and profit growth through the fiscal year ended March 2020. Although we temporarily faced a decrease in revenue and profit during the fiscal year ended March 2021 due to the COVID-19 pandemic, by the fiscal year ended March 2024, we have firmly returned to a recovery path and are aiming for further growth, with the goal of realizing our long-term vision for 2035.
Key figures
(million of Yen)
(millions of yen) |
|||
| Key figures | FY2022/3 |
FY2023/3 | FY2024/3 |
| Net Sales | 71,251 | 82,777 | 79,868 |
| Operating Income | 12,127 | 14,905 | 17,600 |
| Ordinary Profit | 12,215 | 14,722 | 17,374 |
| Net profit attributable to shareholders of the parent company | 7,415 | 11,612 | 11,917 |
| Total Assets | 136,512 | 152,519 | 188,661 |
| Net Assets | 74,452 | 83,965 | 94,416 |
| Inventories | 77,340 | 80,182 | 106,869 |
| Interest-bearing debt | 51,076 | 55,663 | 79,557 |
| Cash Flows from operating activities | 17,443 | 16,544 | -11,003 |
| Cash Flows from investing activities | -9,386 | -6,681 | -4,254 |
| Cash Flows from financing activities | 449 | 2,039 | 21,040 |
| Cash and cash equivalents at the end of fiscal year | 29,951 | 41,914 | 47,866 |
| Key Financial Indicators | FY2022/3 |
FY2023/3 | FY2024/3 |
| Ordinary Profit Margin to Sales (%) | 17.1 | 17.8 | 21.8 |
| ROE (%) | 10.8 | 15.3 | 13.9 |
| ROA (%) | 9.3 | 10.2 | 10.2 |
| Equity Ratio (%) | 52.2 | 52.9 | 48.0 |
| EPS (Yen) | 152.26 | 238.98 | 245.59 |
| BPS (Yen) | 1,463.74 | 1,663.33 | 1,864.36 |
| Number of employees | 696 | 702 | 763 |
Executive Introduction
Executive Introduction |
|
|---|---|
Chairman Representative Director |
Tomoaki Horiguchi |
| President Representative Director | Seiichi Saito |
| Executive Vice President Director | Izumi Nakamura |
| Senior Managing Director | Yasushi Yamada |
| Managing Director | Mitsuhiro Ninomiya |
| Director | Kenji Honda |
| Outside Director | Keiichi Asai |
| Outside Director | Kouichi Ishimizu |
| Director, Audit & Supervisory Committee Member | Shinichi Tominaga |
| Outside Director, Audit & Supervisory Committee Member | Kazutaka Okubo |
| Outside Director, Audit & Supervisory Committee Member | Yukiko Edahiro |
Major Shareholders (Top 10)
As of September 30, 2024 |
||
| Shareholder name | Number of shares held | Percentage of shares held* |
Houon Co., Ltd |
18,507,500 | 37.99% |
The Master Trust Bank of Japan Co., Ltd. (Trust Account) |
4,284,300 | 8.80% |
| Custody Bank of Japan, Ltd. (Trust Account) | 2,675,000 | 5.49% |
Tomoaki Horiguchi |
2,481,874 | 5.10% |
THE BANK OF NEW YORK MELLON 140044 |
752,400 | 1.54% |
DFA INTL SMALL CAP VALUE PORTFOLIO |
489,000 | 1.00% |
STATE STREET BANK AND TRUST COMPANY 505103 |
454,600 | 0.93% |
STATE STREET BANK AND TRUST COMPANY 505001 |
453,381 | 0.93% |
Keiko Horiguchi |
416,500 | 0.86% |
| Sun Frontier Employee Stock Ownership Association | 396,800 | 0.81% |
* Numbers displayed are rounded off to the second decimal place. Shareholding ratio is calculated by subtracting the treasury stock (44,316 shares). The calculation for shareholding ratio includes the 128,300 shares of our company held by Mizuho Trust & Banking as a trust account according to the Japanese Employee Stock Ownership Plan (J-ESOP).
Share Data
Dividend History
Full-year forecast for FY2025/03
Profit Plan |
FY2024 Result |
FY2025 Forecast |
|---|---|---|
Net Sales |
79.8 billion yen |
100 billion yen |
Ordinary Profit |
17.3 billion yen |
20 billion yen |
Management Indicators |
FY2024 Result |
FY2025 Forecast |
|---|---|---|
Ordinary Profit Margin |
21.8% |
20% |
Return on Equity |
13.9% |
over 10% |
| Equity Ratio | 48.0% |
less than 50% |
Medium-term Management Plan
Sun Frontier Fudousan Co., Ltd.
14F Toho Hibiya Building, 1-2-2 Yurakucho, Chiyoda-ku Tokyo 100-0006
https://www.sunfrt.co.jp/en/
https://www.sunfrt.co.jp/en/
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