Consolidated Financial Results for the First Quarterof the Fiscal Year Ending March 31, 2021
(Based on Japanese GAAP)(Translation of Japanese Financial Summary, Released on August 6, 2020)
Company name: Sun Frontier Fudousan Co., Ltd.
Stock listing: Tokyo Stock Exchange 1st Section
Code number: 8934
URL: https://www.sunfrt.co.jp
Address: 14F, Toho Hibiya Building, 2-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo 100-0006
Representative: Seiichi Saito, President
Inquiries: Takeshi Hirahara, Executive Officer, General Manager, Corporate Planning Department(Phone: +81-3-5521-1301)*Amounts under one million yen have been rounded down.

1. Consolidated Performance in the First Quarter of the Fiscal Year Ending March 31, 2021
(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.
(“¥” indicates millions of yen, except for per share figures.)

Net Sales

Operating Income

Ordinary Income

1st Quarter of FY ending March 31,2021¥13,672-58.1％¥2,095-78.8%¥1,952-80.0%

1st Quarter of FY ended March 31,2020¥32,652

79.3％¥9,867103.9%¥9,758105.6%(Note) Comprehensive Income: 1st quarter of FY ending March 31 2021: ¥1,056million (down 84.3%)
1st quarter of FY ended March 31 2020: ¥6,733 million (up 124.1%)
Net Income per Share(Yen)Net Income

Fully Diluted
Net Income per Share(Yen)

1st Quarter of FY ending March 31, 2021

¥1,238-81.5%¥25.43¥25.42

1st Quarter of FY ended March 31, 2020

¥6,697105.5%¥137.52¥137.51(2) Financial Position (at end of the term)(“¥” indicates millions of yen)

1st Quarter of FY ending March 31, 2021
FY ended March 31, 2020

Total Assets¥126,280¥130,293

Net Assets¥63,817¥64,809

Equity Ratio (%)
50.4%
49.6%

(Reference) Shareholders’ Equity at term-end: 1st Quarter of FY ending March 31, 2021 (as of June 30, 2020): ¥63,634 million
FY ended March 31, 2020 (as of March 31, 2020): ¥64,620 million

2. Cash Dividends
1st Quarter-

Cash Dividends per Share
2nd Quarter
3rd Quarter
0.00-

FY Ended March 31, 2020
FY Ending March 31, 2021
FY Ending March, 2021 (Projections)(Note) Changes from the latest released dividend forecasts: Yes

10.00-(Yen)

Year-end
42.00

Annual total
42.00

42.00

42.00

3. Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2021
(From April 1, 2020 to March 31, 2021) *Percentage figures indicate year-on year changes for those items.
Net Sales(“¥” indicates millions of yen, except for per share figures.)
Net Income
Operating Income
Ordinary Income
Net Income
per Share

FY Ending¥70,000-4.4%¥6,930-58.2%March 31, 2021
(Note) Changes from the latest released performance: Yes¥6,500-59.7%¥4,100-61.6%¥84.194. Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): 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: None
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 stock)1) Number of outstanding shares at the end of the period (including treasury stock):
1st Quarter of FY ending March 31, 2021: 48,755,500 shares
FY ended March 31, 2020: 48,755,500 shares
2) Number of shares of treasury stock at the end of period:
1st Quarter of FY ending March 31, 2021: 56,644 shares
FY ended March 31, 2020: 56,644 shares
3) Average number of shares for the period:
1st Quarter of FY ending March 31, 2021: 48,698,856 shares
1st Quarter of FY ended March 31, 2020: 48,698,856 shares※This Summary of Consolidated Financial Results is not subject to review processes under the Financial Products
and Exchange Law.
※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 ofthis report’s announcement and assumptions deemed reasonable. The company provides no assurance thatthe forecasts will be achieved. Actual results may differ significantly from such forecasts due to unforeseen
circumstances.

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