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Earnings presentation8934Sun Frontier Fudousan Co.,Ltd.Real estate

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue, operating profit, ordinary profit and net income exceeded the previous fiscal year. Revenue reached a record high for the second consecutive fiscal year, ordinary profit for the third consecutive fiscal year, and net income for the fourth consecutive fiscal year. The office-related business and real estate services business grew, while the hotel and tourism business posted lower profit because it had no property sales.

Worth reading
84Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
12908
¥ million (year-on-year increase in net sales)
Wording
Definitive
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥116,083 million+12.5%
Operating profit¥25,356 million+19.2%
Ordinary income¥23,298 million+13.9%
Net income¥15,986 million +12.9%net income attributable to owners of the parent
Selling, general and administrative expenses¥12,758 million
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥130,000 million
Gross profit
¥42,839 million
Selling, general and administrative expenses
¥14,689 million
Operating profit
¥28,150 million
Ordinary income
¥26,000 million
Net income
¥17,400 million
Dividend per share
¥80
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales99.2%
Gross profit104.7%
Selling, general and administrative expenses101.4%
Operating profit106.4%
Ordinary income103.5%
Net income103.1%
Revenue from the real estate revitalization business94.0%
Revenue from the real estate services business116.5%
Revenue from the hotel and tourism business88.2%
Other net sales263.3%
Gross profit from the real estate revitalization business95.9%
Gross profit from the real estate services business125.6%
Gross profit from the hotel and tourism business101.1%
Other gross profit279.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeds the initial forecast every fiscal year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • New hotel openings in the fiscal year ending March 202710 Hotels
  • Purchasing target for the real estate revitalization business in the fiscal year ending March 2027¥900 hundred million
  • Target number of properties under PM contracts in the fiscal year ending March 2027600 buildings
  • Target operating area for rental meeting rooms in the fiscal year ending March 202713,000 tsubo
New initiatives
  • Launch of a capital and business alliance with ITOCHU Corporation on 1 April 2026
  • Opened 3 new hotels and acquired 2 hotels through M&A
  • Acquired the Otake Kenso Group through M&A
  • Plans to open 10 new hotels in the fiscal year ending March 2027
  • Promote the development of real estate revitalization projects and fractional real estate ownership products in the Osaka metropolitan area
Key KPIsA metric the company considers important as a management benchmark.
  • Revenue¥116,083 million
    Year on year against the same period last year+12.5%
  • Ordinary income margin20.1 %
    Year on year against the same period last year+0.3 percentage points
  • ROE14.4 %
    Year on year against the same period last year-0.3 percentage points
  • Equity ratio45.3 %
    Year on year against the same period last year-1.5 percentage points
  • EPS¥327.76
    Year on year against the same period last year+12.4%
  • Consolidated payout ratio23.2 %
    Year on year against the same period last year+0.6 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Number of properties sold in the real estate revitalization business24 Engagements
    Year on year against the same period last yearDown 14 properties
  • Average project duration in the replanning business874 days
    Year on year against the same period last yearUp 91 days
  • Hotels under management34 Hotels
  • Guest rooms under management3,690 Rooms
Segment results
  • Real estate revitalization business
    Net Sales¥76,434 million
    Revenue_yoy_pct7.1
    Segment profit¥22,148 million
    Profit_yoy_pct10.2
  • Real Estate Services Business
    Net Sales¥16,307 million
    Revenue_yoy_pct30.6
    Segment profit¥8,703 million
    Profit_yoy_pct42.4
  • Hotel and tourism business
    Net Sales¥18,949 million
    Revenue_yoy_pct0.6
    Segment profit¥3,817 million
    Profit_yoy_pct-6.3
  • Other
    Net Sales¥5,872 million
    Revenue_yoy_pct194.8
    Segment profit¥1,177 million
    Profit_yoy_pct170.2
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2028
Net Sales
¥1,500 hundred million
Ordinary income
¥300 hundred million
Ordinary income margin
20 %
ROE14% or higher
Equity ratioAround 45%
Comparison with actual resultsFiscal year ended March 2026 results: revenue of ¥116.0 billion and ordinary profit of ¥23.2 billion
Financial targets
ROE14% or higher (medium-term management plan target)
Equity ratioAround 45% (medium-term management plan target)
Ordinary income margin20% (medium-term management plan target)
Actual ROE14.4%
Actual equity ratio45.3%
Annual Dividend
Annual dividend per share¥76
Interim¥38.0
End of period¥38.0
Forecast for the following fiscal year¥80
Payout ratio
Rate23.2 %
Forecast for the following fiscal year26.3%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥116,083 million (YoY +12.5%)
Operating profit¥25,356 million (YoY +19.2%)
Ordinary income¥23,298 million (YoY +13.9%)
Net income¥15,986 million (net income attributable to owners of the parent) (YoY +12.9%)
Selling, general and administrative expenses¥12,758 million
Full-year earnings forecastSubject Fiscal year ending March 2027 / Net Sales ¥130,000 million / Gross profit ¥42,839 million / Selling, general and administrative expenses ¥14,689 million / Operating profit ¥28,150 million / Ordinary income ¥26,000 million / Net income ¥17,400 million / Dividend per share ¥80
Progress against full-year forecastNet Sales 99.2% / Gross profit 104.7% / Selling, general and administrative expenses 101.4% / Operating profit 106.4% / Ordinary income 103.5% / Net income 103.1% / Revenue from the real estate revitalization business 94.0% / Revenue from the real estate services business 116.5% / Revenue from the hotel and tourism business 88.2% / Other net sales 263.3% / Gross profit from the real estate revitalization business 95.9% / Gross profit from the real estate services business 125.6% / Gross profit from the hotel and tourism business 101.1% / Other gross profit 279.2%
Self-assessment against the planExceeds the initial forecast every fiscal year
Segment resultsSegment Real estate revitalization business / Net Sales ¥76,434 million / Revenue_yoy_pct 7.1 / Segment profit ¥22,148 million / Profit_yoy_pct 10.2, Segment Real Estate Services Business / Net Sales ¥16,307 million / Revenue_yoy_pct 30.6 / Segment profit ¥8,703 million / Profit_yoy_pct 42.4, Segment Hotel and tourism business / Net Sales ¥18,949 million / Revenue_yoy_pct 0.6 / Segment profit ¥3,817 million / Profit_yoy_pct -6.3, Segment Other / Net Sales ¥5,872 million / Revenue_yoy_pct 194.8 / Segment profit ¥1,177 million / Profit_yoy_pct 170.2
Key KPIsIndicator name Revenue / Value ¥116,083 million / Year on year against the same period last year +12.5%, Indicator name Ordinary income margin / Value 20.1 % / Year on year against the same period last year +0.3 percentage points, Indicator name ROE / Value 14.4 % / Year on year against the same period last year -0.3 percentage points, Indicator name Equity ratio / Value 45.3 % / Year on year against the same period last year -1.5 percentage points, Indicator name EPS / Value ¥327.76 / Year on year against the same period last year +12.4%, Indicator name Consolidated payout ratio / Value 23.2 % / Year on year against the same period last year +0.6 percentage points
Unit price and quantity metricsIndicator name Number of properties sold in the real estate revitalization business / Value 24 Engagements / Year on year against the same period last year Down 14 properties, Indicator name Average project duration in the replanning business / Value 874 days / Year on year against the same period last year Up 91 days, Indicator name Hotels under management / Value 34 Hotels, Indicator name Guest rooms under management / Value 3,690 Rooms
Assumptions Underlying the Business OutlookItem New hotel openings in the fiscal year ending March 2027 / Value 10 Hotels, Item Purchasing target for the real estate revitalization business in the fiscal year ending March 2027 / Value ¥900 hundred million, Item Target number of properties under PM contracts in the fiscal year ending March 2027 / Value 600 buildings, Item Target operating area for rental meeting rooms in the fiscal year ending March 2027 / Value 13,000 tsubo
Medium-term management plan targetsTarget fiscal year Fiscal year ending March 2028 / Net Sales ¥1,500 hundred million / Ordinary income ¥300 hundred million / Ordinary income margin 20 % / ROE 14% or higher / Equity ratio Around 45% / Comparison with actual results Fiscal year ended March 2026 results: revenue of ¥116.0 billion and ordinary profit of ¥23.2 billion
Financial targetsROE 14% or higher (medium-term management plan target) / Equity ratio Around 45% (medium-term management plan target) / Ordinary income margin 20% (medium-term management plan target) / Actual ROE 14.4% / Actual equity ratio 45.3%
Annual DividendAnnual dividend per share ¥76 / Interim ¥38.0 / End of period ¥38.0 / Forecast for the following fiscal year ¥80
Payout ratioRate 23.2 % / Forecast for the following fiscal year 26.3%
New initiativesLaunch of a capital and business alliance with ITOCHU Corporation on 1 April 2026, Opened 3 new hotels and acquired 2 hotels through M&A, Acquired the Otake Kenso Group through M&A, Plans to open 10 new hotels in the fiscal year ending March 2027, Promote the development of real estate revitalization projects and fractional real estate ownership products in the Osaka metropolitan area
Items this document does not state (12)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the real estate revitalization business, sales of large-scale and high-margin properties contributed to results. In the real estate services business, growth in brokerage transactions and high utilization of rental meeting rooms contributed to results. In hotel operations, steady travel demand and stronger operating capabilities were positive factors. The hotel and tourism business posted lower profit overall because there were no property sales in hotel development.

How to read this page

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Earnings Presentation Materials for the Fiscal Year Ending March 2026 | Sun Frontier Fudousan Co.,Ltd. (8934) timely disclosure | Komori