Consolidated Financial Results for the Third
Quarter of the Fiscal Year Ending March 31, 2020
(Based on Japanese GAAP)(Translation of Japanese Financial Summary, Released on February 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: 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, 2020
(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

3rd Quarter of FY ending March 31,
2020¥54,63120.9％¥13,560

11.5%¥13,297

13.2%

3rd Quarter of FY ended March 31,
2019¥45,19635.0%¥12,16262.0%¥11,746

63.3%(Note) Comprehensive Income: 3rd quarter of FY ending March 31 2020: ¥8,932 million (up 14.4%)
3rd quarter of FY ended March 31 2019: ¥7,805 million (up 61.9%)
Net Income per Share(Yen)Net IncomeFully Diluted
Net Income per Share(Yen)

3rd Quarter of FY ending March 31, 2020

¥8,976

12.7%¥184.32¥184.27

3rd Quarter of FY ended March 31, 2019

¥7,96362.3%¥163.53¥ 163.51(2) Financial Position (at end of the term)(“¥” indicates millions of yen)

3rd Quarter of FY ending March 31, 2020
FY ended March 31, 2019Total Assets¥124,795¥110,898

Net Assets¥63,109¥55,860

Equity Ratio (%)
50.4%
50.3%

(Reference) Shareholders’ Equity at term-end: 3rd Quarter of FY ending March 31, 2020 (as of December 31, 2019): ¥62,846 million
FY ended March 31, 2019 (as of March 31, 2019): ¥55,777 million

2. Cash Dividends

FY Ended March 31, 2019
FY Ending March 31, 2020
FY Ending March, 2020(Projections)

1st Quarter-Cash Dividends per Share
2nd Quarter
3rd Quarter
0.00
0.00

(Note) Changes from the latest released dividend forecasts: Yes

1-(Yen)Year-end
38.50

Annual total
38.50

42.00

42.00

3. Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2020
(From April 1, 2019 to March 31, 2020) *Percentage figures indicate year-on year changes for those items.

(“¥” indicates millions of yen, except for per share figures.)

Net Sales

Operating Income

Ordinary Income

FY Ending¥72,500
36.0% ¥15,900
19.5%
March 31, 2020
(Note) Changes from the latest released performance: Yes¥15,500

21.0%

Net Income¥10,200

16.1%

Net Incomeper Share(Yen)¥209.45

4. Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes
in scope 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):
3rd Quarter of FY ending March 31, 2020: 48,755,500 shares
FY ended March 31, 2019: 48,755,500 shares
2) Number of shares of treasury stock at the end of period:
3rd Quarter of FY ending March 31, 2020: 56,644 shares
FY ended March 31, 2019: 56,644 shares
3) Average number of shares for the period:
3rd Quarter of FY ending March 31, 2020: 48,698,856 shares
3rd Quarter of FY ended March 31, 2019: 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 dateof this report’s announcement and assumptions deemed reasonable. The company provides no assurance
that the forecasts will be achieved. Actual results may differ significantly from such forecasts due tounforeseen circumstances.

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