Financial Highlights
Summary of the Results of FY2026/3 1Q
In FY2026/3 1Q, the net sales is 27,319 million yen (+74.2% in YoY), the operating profit is 6,021 million yen (+112.4% in YoY), the ordinary profit is 5,783 million yen ( +111.1% in YoY), the profit attributing to owners of parent is 3,978 million yen ( +111.8% in YoY).

Performance Highlights
- Property sales are driving performance through the scheduled settlement of large-scale properties, while property sales planned for the second quarter are also progressing steadily.
- While settling property purchases contracted in the previous fiscal year, acquisitions for the current fiscal year are being accelerated ahead of schedule toward achieving the targets of the medium-term management plan.
- The Real Estate Service Business achieved record-high performance in the first quarter, driven by growth across all segments, including brokerage, property management, and rental meeting room services.
- The Hotel Operation Business achieved growth by capturing inbound demand. In addition to opening new hotels, the number of rooms under operation is expected to increase through M&A.
- In the Hotel Development Business, construction of two new-built hotels scheduled to open in the current fiscal year is progressing smoothly. The sale of hotel properties is expected in the second half of the fiscal year.
Consolidated Profit & Loss Statements

Real Estate Revitalization Business
Although the number of properties sold was four (down two from the same period last year), the sales of larger-scale properties led to increased net sales and profit. Including properties that have been contracted and are scheduled for settlement, profit has progressed to over 40% of the full-year earnings forecast.
Real Estate Service Business
Net sales and profit increased due to a rise in the number of buildings under property management, strong performance in rental conference room operations, and the successful brokerage of large-scale property transactions.
Hotel and Tourism Business
Net sales and profit increased as the strong demand for domestic travel and inbound demand continued and focus on services led to increases in the average daily rate and occupancy rates.
Selling, General and Administrative Expenses
In addition to investments in human capital and systems, hotel opening expenses increased due to the expansion of operations.
Consolidated Balance Sheet -Assets-

Cash and deposits
Decreased by 4.1 billion yen from the end of the previous fiscal year due to property acquisitions, construction progress, tax payments and dividends distributions
Inventories
Although there was a decrease due to the sale of large-scale properties in the RP business, the total increased by 1.8 billion yen compared to the end of the previous fiscal year, driven by property acquisitions and construction progress across segments
Non-current assets
Increased by 1.4 billion yen from the end of the previous fiscal year due to the progress of construction for hotel development.
Consolidated Balance Sheet -Liabilities/Equity-

Interest-bearing debt
Increased by 1.5 billion yen from the end of the previous fiscal year to 93.9 billion yen, due to an increase in borrowings for property purchases, despite a decrease due to repayments associated with the sale of large-scale property.
Equity ratio
The ratio was maintained target level despite active investment initiatives.
※For more details, please refer to the "Latest Financial Reports" in the "Shareholder and Investor Information" section (https://www.sunfrt.co.jp/en/ir/).
Inquiries about IR
Sun Frontier Real Estate Co., Ltd. Management Planning Department
Address: 14th Floor, Toho Hibiya Building, 1-2-2 Yurakucho, Chiyoda-ku, Tokyo 100-0006
Weekdays 9:30 AM - 6:00 PM JST
(excluding Saturdays, Sundays, and national holidays)
Inquiries about IR