Real Estate · Fiscal year end Mar 31

Sun Frontier Fudousan Co.,Ltd.

8934

サンフロンティア不動産株式会社

FIGI BBG000QCBR028934.T8934 JPCorp. no. 9010001063953

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-11

For the first half of the fiscal year to 2026-03: Revenue ¥58.2 billion (+58.3% YoY), Ordinary income ¥13.6 billion (+114.4% YoY), Net income ¥9 billion (+103.4% YoY).

	This period	Year on year
Revenue	¥58.2bn	+58.3%
Ordinary profit	¥13.6bn	+114.4%
Net profit to owners	¥9.0bn	+103.4%

From the securities report on EDINET, which states no forecast. History via /v1/companies/8934/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥116.1bn
Net income: ¥16.0bn
ROE: 14.4%
Equity ratio: 45.3%
Dividend / share: ¥76
Employees: 1,076

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥116.1bn	¥16.0bn	¥264.5bn	¥120.4bn	14.4%	¥327.76	−¥18.7bn
2025-03-31	¥103.2bn	¥14.2bn	¥218.2bn	¥105.9bn	14.7%	¥291.58	−¥4.2bn
2024-03-31	¥79.9bn	¥11.9bn	¥188.7bn	¥94.4bn	13.9%	¥245.5	−¥11.0bn
2023-03-31	¥82.8bn	¥11.6bn	¥152.5bn	¥84.0bn	15.3%	¥238.98	¥16.5bn
2022-03-31	¥71.3bn	¥7.4bn	¥136.5bn	¥74.5bn	10.8%	¥152.26	¥17.4bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	14.4	76.5
Ordinary margin	0.2007	90.2
Equity ratio, %	45.3	34.7
Revenue growth	0.1251	75.4
Net income growth	0.1287	49.5
Operating cash flow / assets	-0.0708	6.2

Policy-uncertainty measure3.38 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Fiscal & tax 3 Monetary 2 Regulation 1 Politics & geopolitics 5

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 0.0% held by other listed companies.

Results wording balance: +1.00. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥118.0bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥590m. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/8934/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-06-22: see filing 上記の評価の結果、当連結会計年度末日時点において、当社グループの財務報告に係る内部統制は有効であると判断した。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Real Estate Reproduction, Real Estate Service, Hotel Business and Tourism Business, Other. /v1/companies/8934/segments

Latest voting result: 2026-06-23 · 補欠の監査等委員である取締役1名選任の件 · passed. /v1/companies/8934/voting

Latest tender-offer filing: 2026-04-10 · result · サンフロンティア不動産株式会社. /v1/companies/8934/tender-offers

Ownership changes

All companies →

2026-09-08

Amendment0.00pt

ITOCHU Corporation filed a correction to a 5% report on Sun Frontier Fudousan Co.,Ltd. (8934).

S100Z06QFiler profile Original filing (PDF, Japanese)
2026-05-18

Decrease−0.53pt

AAGS Investment, Inc. reduced holdings in Sun Frontier Fudousan Co.,Ltd. (8934) to 5.65% from 6.18%.

S100Y4L6Filer profile Original filing (PDF, Japanese)
2026-04-16

Purpose change−5.48pt

AAGS Investment, Inc. changed its stated purpose for holding Sun Frontier Fudousan Co.,Ltd. (8934): collateral, pure_investment -> pure_investment.

S100XYV6Filer profile Original filing (PDF, Japanese)
2026-04-16

Decrease−5.48pt

AAGS Investment, Inc. reduced holdings in Sun Frontier Fudousan Co.,Ltd. (8934) to 6.18% from 11.66%.

S100XYV6Filer profile Original filing (PDF, Japanese)
2026-04-16

Threshold

Holdings of AAGS Investment, Inc. in Sun Frontier Fudousan Co.,Ltd. (8934) moved below 10% (11.66% -> 6.18%).

S100XYV6Filer profile Original filing (PDF, Japanese)
2026-04-16

Increase+11.60pt

ITOCHU Corporation raised holdings in Sun Frontier Fudousan Co.,Ltd. (8934) to 21.18% from 9.58%.

S100XZBIFiler profile Original filing (PDF, Japanese)
2026-04-16

Threshold

Holdings of ITOCHU Corporation in Sun Frontier Fudousan Co.,Ltd. (8934) moved above 10% (9.58% -> 21.18%).

S100XZBIFiler profile Original filing (PDF, Japanese)
2026-04-16

Threshold

Holdings of ITOCHU Corporation in Sun Frontier Fudousan Co.,Ltd. (8934) moved above 20% (9.58% -> 21.18%).

S100XZBIFiler profile Original filing (PDF, Japanese)
2026-04-08

New 5% stake

ITOCHU Corporation disclosed a 9.58% stake in Sun Frontier Fudousan Co.,Ltd. (8934), crossing the 5% reporting threshold.

S100XXR3Filer profile Original filing (PDF, Japanese)
2026-03-04

Purpose change0.00pt

AAGS Investment, Inc. changed its stated purpose for holding Sun Frontier Fudousan Co.,Ltd. (8934): pure_investment -> collateral, pure_investment.

S100XOBKFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
AAGS Investment, Inc.	2023-10-06 – 2026-05-11	+3,415,400	+6.69pt	¥2,800	¥2,800–2,800
SI合同会社	2026-04-09 – 2026-04-09	+6,656,969	+11.60pt	¥2,800	¥2,800–2,800
SI株式会社	2026-04-09 – 2026-04-09	+6,656,969	+11.60pt	¥2,800	¥2,800–2,800
伊藤忠商事株式会社	2026-04-01 – 2026-04-01	+5,500,000	+19.16pt	¥2,438	¥2,438–2,438
individual filer	2023-12-04 – 2025-12-02	-3,021,100	−5.07pt	¥2,217.91	¥1,575–2,361
individual filer	2025-12-02 – 2025-12-02	+2,471,100	+5.07pt	¥2,361	¥2,361–2,361

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/8934/trades.

5% filings

Large shareholding reports on 8934

Filed	Filer	Stake	Change	Stated purpose
2026-09-08	ITOCHU Corporation	21.18%	0.00pt	business alliance
2026-08-31	ITOCHU Corporation	21.18%	0.00pt	business alliance
2026-05-18	AAGS Investment, Inc.	5.65%	−0.53pt	pure investment
2026-04-17	ITOCHU Corporation	21.18%	0.00pt	business alliance
2026-04-16	AAGS Investment, Inc.	6.18%	−5.48pt	pure investment
2026-04-16	ITOCHU Corporation	21.18%	+11.60pt	business alliance
2026-04-08	ITOCHU Corporation	9.58%	—	business alliance
2026-03-11	AAGS Investment, Inc.	11.66%	0.00pt	collateral pure investment
2026-03-04	AAGS Investment, Inc.	11.66%	0.00pt	collateral pure investment
2025-12-05	individual filer	43.93%	+0.04pt	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: — issues
Book value: —
Sold in the year: — — issues
Bought in the year: — — issues
Mutual, both reports: 0
Held by listed cos.: 0

Purposes, all holdings and mutual flags via /v1/companies/8934/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
株式会社報恩	20,978,600	40.49%
individual holder	3,151,800	6.08%
日本マスタートラスト信託銀行株式会社（信託口）	2,990,300	5.77%
株式会社日本カストディ銀行（信託口）	1,813,600	3.50%
JP JPMSE LUX RE CITIGROUP GLOBAL MARKETS L EQ CO	758,504	1.46%
ＪＰモルガン証券株式会社	694,766	1.34%
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW	553,465	1.07%
STATE STREET BANK AND TRUST COMPANY 505001	494,737	0.95%
THE BANK OF NEW YORK MELLON 140044	492,300	0.95%
株式会社ＳＢＩ証券	437,570	0.84%

U.S. funds holding 8934

SEC Form N-PORT, reports to 2026-07-31

49 U.S. funds held 1,708,103 shares worth $26.5m.

Fund	Shares	Value	% of fund	As of
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	380,927	$6.0m	0.001%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	226,057	$3.4m	0.001%	2026-06-30
Old Westbury Small & Mid Cap Strategies Fund Old Westbury Funds Inc	170,600	$2.7m	0.029%	2026-07-31
iShares MSCI EAFE Small-Cap ETF iShares Trust	111,700	$1.8m	0.013%	2026-07-31
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	98,700	$1.5m	0.011%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/8934
GET /v1/companies/8934/financials
GET /v1/companies/8934/details
GET /v1/companies/8934/segments
GET /v1/companies/8934/voting
GET /v1/companies/8934/tender-offers
GET /v1/companies/8934/indicators
GET /v1/companies/8934/earnings-releases
GET /v1/events?ticker=8934
GET /v1/companies/8934/trades         
GET /v1/companies/8934/cross-holdings 
GET /v1/companies/8934/brief

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