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Sun Frontier Fudousan Co
(8934)
Sun Frontier Fudousan Co (8934) vs. iShares MSCI Japan ETF (EWJ)
Sun Frontier Fudousan Co Business Overview & Revenue Model
Sun Frontier Fudousan Co Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 114.81B | 103.17B | 79.87B | 82.78B | 71.25B | 59.63B |
| Gross Profit | 36.17B | 32.23B | 26.41B | 22.81B | 19.34B | 15.08B |
| EBITDA | 27.33B | 24.15B | 19.80B | 16.94B | 13.84B | 9.37B |
| Net Income | 16.26B | 14.16B | 11.92B | 11.61B | 7.42B | 4.27B |
Balance Sheet | ||||||
| Total Assets | 217.87B | 218.19B | 188.66B | 152.52B | 136.51B | 127.48B |
| Cash, Cash Equivalents and Short-Term Investments | 40.78B | 44.92B | 47.87B | 42.02B | 30.05B | 21.51B |
| Total Debt | 93.96B | 92.46B | 79.54B | 55.66B | 51.07B | 47.52B |
| Total Liabilities | 110.20B | 112.29B | 94.25B | 68.56B | 62.06B | 57.71B |
| Stockholders Equity | 104.02B | 102.19B | 90.55B | 80.73B | 71.31B | 66.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -8.26B | -13.73B | 8.70B | 8.91B | 4.39B |
| Operating Cash Flow | 0.00 | -4.24B | -11.00B | 16.54B | 17.44B | 4.73B |
| Investing Cash Flow | 0.00 | -8.81B | -4.25B | -6.68B | -9.39B | 451.00M |
| Financing Cash Flow | 0.00 | 9.48B | 21.04B | 2.04B | 449.00M | -1.15B |
Sun Frontier Fudousan Co Technical Analysis
Sun Frontier Fudousan Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥892.50B | 15.45 | 10.73% | 2.94% | -19.09% | 16.31% | |
73 Outperform | ¥134.64B | 8.22 | 17.98% | 2.93% | 84.20% | 137.87% | |
73 Outperform | ¥4.99T | 22.46 | 8.82% | 0.97% | 0.49% | 12.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥1.56T | 13.75 | 12.91% | 3.25% | 45.15% | 19.80% | |
63 Neutral | ¥193.93B | 11.15 | 16.39% | 2.38% | 7.21% | 112.45% | |
57 Neutral | ¥1.05T | 18.02 | 8.38% | 3.68% | 3.52% | -17.58% |
Sun Frontier Fudousan Co Corporate Events
Sun Frontier Fudousan has issued a partial correction to its previously announced notice regarding a capital and business alliance with ITOCHU Corporation, a third-party allotment of new shares, and a change in a major shareholder. The company discovered an error in the disclosed number of issued shares and has revised this figure from 44,875,500 shares to 48,755,500 shares, while confirming that the number and ratio of dilutive shares at the current conversion price remain unchanged, clarifying the company’s capital structure following the alliance announcement.
The correction reflects an adjustment in the company’s total issued share count but does not alter the stated 13.20% dilutive share ratio at the current conversion price. This clarification provides investors and stakeholders with more accurate information on Sun Frontier Fudousan’s equity base in the context of its strategic capital and business partnership with ITOCHU and the associated changes in major shareholdings.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen3096.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan has entered into a capital and business alliance with trading giant ITOCHU Corporation and will issue new shares to ITOCHU via a third-party allotment, which will make ITOCHU a major shareholder. The move aligns Sun Frontier with ITOCHU’s broad real estate and construction value chain and positions the firm to leverage ITOCHU’s domestic and overseas networks for future growth.
In parallel, Sun Frontier’s board has expressed support for a tender offer for its shares by SI Co., Ltd., a wholly owned ITOCHU subsidiary established to acquire and hold Sun Frontier stock. While backing the offer, the board is leaving the decision to tender to shareholders, and further post‑offer capital actions remain undecided, signaling a flexible approach to future ownership and capital structure between the partners.
The most recent analyst rating on (JP:8934) stock is a Hold with a Yen2788.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan’s board has endorsed a tender offer for its common shares by SI Corporation, a wholly owned subsidiary of ITOCHU Corporation, at 2,800 yen per share, while leaving the final decision to tender up to individual shareholders. The transactions, which also include a third-party allotment of new shares to ITOCHU under a capital and business alliance, are intended to strengthen capital ties without delisting the company, keeping its shares on the TSE Prime Market and preserving operational autonomy.
The tender offer sets a maximum number of shares to be purchased, reflecting an approach that allows existing shareholders the option to remain invested post-transaction. The board’s unanimous approval by non-conflicted directors signals alignment with ITOCHU’s plan to deepen collaboration while maintaining Sun Frontier Fudousan’s independence and continuity as a publicly traded company.
The most recent analyst rating on (JP:8934) stock is a Hold with a Yen2788.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan has entered into a capital and business alliance with trading conglomerate Itochu Corporation to accelerate growth and enhance its medium- to long-term corporate value. The partnership aims to strengthen property sourcing networks, bolster value-added capabilities amid rising construction costs, and expand sales channels in line with diversified asset types and larger investment scales in the office and hotel markets.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2847.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan Co., Ltd. has approved the sale of three office buildings located in Shinjuku, Shibuya, and Chiyoda wards in central Tokyo. The properties comprise multi-story reinforced concrete office structures with site and floor areas recorded in the official land and building registries.
While the buyer and price are undisclosed due to confidentiality obligations, the company states that the transaction value exceeds 10% of its consolidated net sales for the fiscal year ended March 31, 2025. Contract signing is scheduled for March 27, 2026, with settlements planned for March 30 and April 1, 2026.
The financial impact of the sale has already been factored into the company’s earnings forecast for the fiscal year ending March 31, 2026, so no revision to guidance is currently anticipated. Stakeholders are advised that any future need to adjust forecasts will be announced promptly, indicating the company’s intent to maintain transparency around its capital recycling and earnings outlook.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2847.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan has approved an expansion of its shareholder benefit program, effective with benefits issued in June 2026, to encourage medium- to long-term shareholding and deepen understanding of its business. The revised scheme introduces three new upper tiers for investors holding 3,000 shares or more, while maintaining a system that doubles discount coupons for shareholders who hold the required number of shares for at least three years.
The company is also broadening the scope of facilities where shareholder discount coupons can be used, adding rebranded Osaka hotels and seven new properties scheduled to open by the fiscal year ending March 2027. Following the changes, shareholders will be able to use discount coupons at a total of 33 hotels and related facilities for accommodation, meals, and eligible merchandise, strengthening the link between investor incentives and the group’s growing hospitality footprint.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2847.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan Co. will conduct an absorption-type merger of its wholly owned subsidiary Kawakami Seihon Co., Ltd. on April 1, 2026, dissolving the smaller entity without issuing new shares or paying consideration. The move is aimed at commercializing Kawakami Seihon’s single leased building as a product in Sun Frontier’s Replanning Business, effectively internalizing the asset to streamline operations and better leverage it within the group’s core redevelopment strategy.
The merger is structured as a simple and abbreviated procedure under Japan’s Companies Act, so no shareholder meeting will be held, reflecting its limited impact on governance and capital structure. By integrating the subsidiary’s real estate directly into the parent company, Sun Frontier expects to enhance the strategic use of the property within its portfolio, which may modestly improve operational efficiency and alignment with its redevelopment-focused business model.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2819.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan Co., Ltd. released its financial results for the third quarter of the fiscal year ending March 31, 2026, outlining its performance and progress during the period. The company framed these results within a broader strategy centered on growth initiatives, capital cost-conscious management, and enhancement of corporate value, emphasizing its commitment to creating future value and delivering excitement to stakeholders through disciplined capital allocation and long-term business initiatives.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2819.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.
Sun Frontier Fudousan reported strong results for the third quarter of the fiscal year ending March 31, 2026, with net sales rising 27.5% year on year to ¥77.1 billion and profit attributable to owners of parent climbing 32.8% to ¥10.4 billion. Operating and ordinary profit increased more than 40%, lifting basic earnings per share to ¥215.01, while total assets expanded to ¥250.2 billion despite a slight decline in the equity ratio to 43.4%. The company maintained its full-year forecast, projecting double-digit growth in sales and profit and earnings per share of ¥319.39, and confirmed plans to lift the annual dividend to ¥76 per share, underlining its focus on shareholder returns. During the period it also reshaped its group structure, adding 10 companies to the consolidation scope—seven via acquisitions and three through establishment—while removing five entities through mergers and liquidation, signaling continued expansion and optimization of its real estate platform.
The most recent analyst rating on (JP:8934) stock is a Buy with a Yen2819.00 price target. To see the full list of analyst forecasts on Sun Frontier Fudousan Co stock, see the JP:8934 Stock Forecast page.