Sun Frontier Fudousan : Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2023

	Consolidated Financial Results for the Second Quarter
	of the Fiscal Year Ending March 31, 2023
	November 10, 2022 released
Company name:	Sun Frontier Fudousan Co., Ltd.
Stock listing:	Tokyo Stock Exchange Prime Section
Code number:	8934
URL:	https://www.sunfrt.co.jp
Representative:	Seiichi Saito, President
Inquiries:	Takeshi Hirahara, Executive Officer, General Manager of Corporate Planning Department
	(Phone: [phone])

Scheduled date of quarterly securities report submission: November 11, 2022

Scheduled date of dividend payment commencement: December 6, 2022

Supplemental materials for the financial results: Yes

Presentation to explain for the financial results: Yes (For institutional investors and analysts)

*Amounts are rounded down to millions of yen.

1. Consolidated Performance in the Second Quarter of the Fiscal Year Ending March 31, 2023

(1) Consolidated Operating Results

("¥" indicates millions of yen, percentage figures indicate year-on-year changes.)

		Net Sales	Operating Profit	Ordinary Profit	Net Income
	FY2023/3 2Q	¥35,333		-22.0%	¥8,044		-14.4%	¥8,035	-13.5%	¥5,368	-8.4%
	FY2022/3 2Q	¥45,326		40.9%	¥9,400		65.9%	¥9,285	72.5%	¥5,862	69.4%
(Note) Comprehensive income: FY2023/3 2Q: 5,943 millions of yen (-2.3%)
(Note) Comprehensive income: FY2022/3 2Q: 6,082 millions of yen (80.4%)
		Net Income per Share	Fully Diluted
		(Yen)		Net income per Share
					(Yen)
	FY2023/3 2Q			110.44			110.34
	FY2022/3 2Q			120.37			120.26

1. Consolidated Financial Position

("¥" indicates millions of yen, percentage figures indicate year-on-year changes.)

			Total Assets			Net Assets	Equity Ratio (%)
	FY2023/3 2Q		¥139,681			¥79,162		54.3%
	FY2022/3		¥136,512			¥74,452		52.2%
(Reference) Total Equity: FY2023/3 2Q: 75,864 millions of yen
(Reference) Total Equity: FY2022/3	: 71,282 millions of yen
2. Cash Dividends
							Cash Dividends per Share (yen)
				1st quarter end	2nd quarter end		3rd quarter end		Year	Annual Total
											end
	FY2022/3			-	21.00		-		23.00	44.00
	FY2023/3			-	23.00
	FY2023/3 (Forecast)							-		23.00	46.00

(Note) Changes from the latest released forecast: No.

3. Forecast for Consolidated Financial Results for FY2023/3 (April 1, 2022 to March 31, 2023)

("¥" indicates millions of yen, percentage figures indicate year-on-year changes.)

	Net Sales	Operating Profit	Ordinary Profit	Profit Attributable	EPS
	to Owners of Parent	(yen)
FY2023/3	¥84,000	17.9%	¥13,300	9.7%	¥12,800	4.8%	¥8,300	11.9%	170.76

(Note) Changes from the latest released forecast: No.

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• Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changing scope of consolidation): None
   New companies: -
   Excluded companies: -
2. Adaption of special accounting practices in the preparation of quarterly consolidated financial statements None
3. Changes in accounting policies, estimates and retrospective restatement

1)	Changes in accounting policies due to changes in accounting standard:	Yes
2)	Changes in accounting policies other than 1) above:	None
3)	Changes in accounting estimates:	None
4)	Retrospective restatement:	None

1. Number of outstanding shares (common stock)

1)	Number of outstanding shares at the end	FY2023/3 2Q	48,755,500	FY2022/3	48,755,500
	of the period (including treasury stock):	shares	shares
2)	Number of shares of treasury stock at the	FY2023/3 2Q	164,980	FY2022/3	56,644
	end of the period:	shares	shares
3)	Average number of shares for the period:	FY2023/3 2Q	48,606,722	FY2022/3 2Q	48,698,856
shares	shares

(Note) The number of treasury shares at the end of the second quarter of the fiscal year ending March 31, 2023 includes the 143,800 treasury shares acquired based on the resolution of the Board of Directors held on May 13, 2022, after deducting the 35,464 treasury shares disposed of as renumeration of restricted stock on July 21, 2022.

• This Summary of Consolidated Financial Results is not subject to review processes under the Financial Instruments and Exchange Act.
• Explanation for appropriate use of forecast and other special matters

Earnings per share in the forecast of consolidated financial results for FY2023/3 is calculated based on the average number of shares for the period 48,606,722 shares.

Forward-looking statements, such as forecast of consolidated financial performance, stated in this document are based on information currently possessed by the Company as well as certain assumptions deemed rational. It does not mean that the Company assurances that the contents mentioned in these forward-looking statements will ever materialize. Actual financial performance may be significantly different from such expectations due to various factors.

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