Financial Highlights
Summary of the Results of FY2025/3
In FY2025/3, the net sale is 103,174 millions of yen (+29.2% in YoY), the operating profit is 21,279 millions of yen (+20.9% in YoY), the ordinary profit is 20,446 millions of yen ( +17.8% in YoY), the profit is 14,163 millions of yen ( +18.8% in YoY).

Performance Highlights
- In the Real Estate Revitalization Business, a total of 38 properties (including 2 New York properties and 3 small-lot properties) were sold, driving the Group’s performance, due to office creation that meets the diversifying needs of working styles, careful and prompt commercialization through cooperation with each division, and the ability to propose solutions from clients' point of view.
- The Real Estate Service Business expanded its customer base and continued to achieve steady earnings growth by expanding operating area for rental conference rooms, increasing the number of entrusted buildings under PM, and expanding the entrusted area for sub-leases.
- The Hotel and Tourism Business contributed significantly to the Group's performance by improving occupancy rate and average daily rate through its heart-warming services, while continuing to benefit from strong travel demand and favorable inbound demand.
Consolidated Profit & Loss Statements

Real Estate Revitalization Business
The number of properties sold was 38, an increase of 13 compared to the previous year (including 2 New York properties and 3 small-lot properties). Of these, 16 properties were concentrated in the fourth quarter, and the sales plan was completed with high profitability throughout the year.
Real Estate Service Business
Revenue and profit increased due to the expansion of operating area for rental conference rooms, an increase in the number of buildings under PM and sub-leases, and an increase in the number of brokerage transactions.
Hotel and Tourism Business
In the Hotel Operation, where the number of rooms increased through M&A, both sales and profit increased by capturing the robust demand for domestic travel and the expansion of inbound demand, and working to improve services.
Selling, General and Administrative Expenses
In addition to human capital investment and system investment, start-up expenses accompanying the expansion of operation scale and business investment such as M&A expenses progressed, resulting in a year-on-year increase.
Consolidated Balance Sheet -Assets-

Cash and deposits
Decreased by 2.9 billion yen from the end of the previous fiscal year due to property purchases and construction progress aimed at business growth.
Inventories
Increased by 26.8 billion yen from the end of the previous fiscal year due to the purchases and construction of RP properties, small-lot products, hotel development, and overseas development.
Non-current assets
Increased by 5.3 billion yen from the end of the previous fiscal year due to land acquisition and construction progress for hotel development, as well as M&A.
Consolidated Balance Sheet -Liabilities/Equity-

Interest-bearing debt
Increased by 12.9 billion yen due to borrowings for property purchases. A total of interest-bearing debt is 92.4 billion yen.
Equity ratio
Maintained the target level while actively investing.
※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