Major Shareholders

The top 10 major shareholders are as follows. (As of September 30, 2025)

Name

Number of shares held
(shares)

Ratio of the number of shares held to the total number of issued shares
(excluding treasury share) (%)

HOUON Co., Ltd

18,507,500

38.03

The Master Trust Bank of Japan, Ltd. (Accounted in trust)

4,626,600

9.51

Custody Bank of Japan, Ltd. (Accounted in trust)

2,780,500

5.71

Tomoaki Horiguchi

2,486,696

5.11

STATE STREET BANK AND TRUST COMPANY 505001

636,762

1.31

THE BANK OF NEW YORK MELLON 140044

604,400

1.24

DFA INTL SMALL CAP VALUE PORTFOLIO

489,000

1.00

STATE STREET BANK AND TRUST COMPANY 505103

472,781

0.97

Keiko Horiguchi

416,500

0.86

Sun Frontier Employee Stock Ownership Association

406,100

0.83

Note: 1) The shareholding ratio is calculated after deducting treasury shares (93,697 shares).

Note: 2) For the calculation of the shareholding ratio, 128,300 shares of our company held by Mizuho Trust & Banking Co., Ltd. as the trust account for the stock compensation trust (J-ESOP) are included.

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

+81-3-5521-1551

Weekdays 9:30 AM - 6:00 PM JST
(excluding Saturdays, Sundays, and national holidays)

Inquiries about IR

Sun Frontier Fudousan Co., Ltd.

Tokyo Stock Exchange Prime|8934

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Phone Number

General Affairs Department

(Weekdays 9:30 AM - 6:00 PM JST)