Consolidated Financial Results for the Third Quarter ofthe Fiscal Year Ending March 31, 2017
(Based on Japanese GAAP)(Translation of Japanese Financial Summary, Released on February 7, 2016)
Company name: Sun Frontier Fudousan Co., Ltd.
Stock listing: Tokyo Stock Exchange 1st Section
Code number: 8934
URL: http://www.sunfrt.co.jp
Address: 14F, Toho Hibiya Building, 2-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo 100-0006
Representative: Tomoaki Horiguchi, President
Inquiries: Yasushi Yamada, Managing Director(Phone: +81-3-5521-1301)*Amounts under one million yen have been rounded down.

1. Consolidated Performance in the Third Quarter of the Fiscal Year Ending March 31, 2017
(1) Operating results*Percentage figures shown under net sales, operating income, ordinary income, and net income columns indicate year-on-year changes for
those items.
(Millions of yen, except for per share figures. The number in parentheses are increase rate)

3rd Quarter of FY ending March 31, 2017
3rd Quarter of FY ended March 31, 2016

Net Sales¥27,168 (56.5%)¥17,356 (△13.5%)

Operating Income¥6,904 (52.7%)¥4,521 (△1.4%)

Ordinary Income¥6,534 (54.8%)¥4,221 (△3.8%)(Note) Comprehensive Income: 3rd quarter of FY ending March 31 2017: ¥4,434 million (3.8%)
3rd quarter of FY ended March 31 2016: ¥4,274 million (7.6%)

Fully Diluted Net Incomeper Share (Yen)¥4,513 (5.4%)¥4,283 (10.4%)

Net Income per Share(Yen)¥105.56¥100.17

Total Assets¥59,273¥54,084

Net Assets¥33,508¥30,144

Equity Ratio (%)
56.5%
55.7%

Net Income
3rd Quarter of FY ending March 31, 2017
3rd Quarter of FY ended March 31, 2016¥ －¥ －(2) Financial Position (at end of the term)(Millions of yen)

3rd Quarter of FY ending March 31, 2017
FY ended March 31, 2016

(Reference) Shareholders’ Equity at term-end
3rd Quarter of FY ending March 31, 2017 (as of December 31, 2016): ¥33, 506 million
FY ended March 31, 2016 (as of March 31, 2016): ¥30,139 million

2. Cash Dividends
1st Quarter-Cash Dividends per Share
2nd Quarter
3rd Quarter
0.00
0.00
-FY Ended March 31, 2016
FY Ending March 31, 2017
FY Ending March, 2017 (Projections)(Note) Changes from the latest released dividend forecasts: None(Yen)

Year-end
25.00

Annual total
25.00

28.00

28.00

3. Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2017
(From April 1, 2016 to March 31, 2017) *Percentage figures are indicated year-on year changes for those items.
(Millions of yen, except for per share figures. The number in parentheses are increase rate)
Net Income per
Net Sales
Operating Income
Ordinary Income
Net Income
Share (Yen)¥41,000 (33.9%)¥8,500 (15.1%)¥8,200 (16.7%)¥5,600 (△31.3%)¥130.97
FY Ending March, 2017
(Note) Changes from the latest released performance: None
The main reason for the decrease in net income is that income of FY ending March 31, 2017 before tax adjustments is expected to put acomplete end to tax loss carryforward from previous terms. As a result, ¥1,325 million reversal of loss included in the deferred tax asset
calculated at the end of FY ended March 31, 2016 would be added up to the corporate tax adjustment amount, which leads to a heavier
tax burden than the previous term.

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4. Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope ofconsolidation): None
New companies: —Excluded companies: —(2) Adoption of special accounting practices in the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting principles, procedures and presentation methods
1) Changes caused by revision of accounting standards: Yes
2) Changes of accompanying revisions other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement of corrections: None
(4) Number of outstanding shares (common stocks)
1) Number of outstanding shares at the end of the period (including treasury stock):
3rd Quarter of FY ending March 31, 2017: 42,755,500 shares
FY ended March 31, 2016: 42,755,500 shares
2) Number of treasury stock at the end of period:
3rd Quarter of FY ending March 31, 2017: 143 shares
FY ended March 31, 2016: 143 shares
3) Average number of shares for the period:
3rd Quarter of FY ending March 31, 2017: 42,755,357 shares
3rd Quarter of FY ended March 31, 2016: 42,755,357shares※Implementation status of quarterly review processes
This Summary of Consolidated Financial Results is not subject to quarterly review processes under the Financial Products
and Exchange Law. At the time of this document’s release, review of the quarterly financial statements under the Financial
Products and Exchange Law had not been completed.
※Appropriate use of business forecasts; other special items
Business forecasts contained in this report are based on information available to the company on the date of this report’s
announcement and assumptions deemed reasonable. The company provides no assurance that the forecasts will beachieved. Actual results may differ significantly from such forecasts due to unforeseen circumstances.

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