#SunFrontierFudosan

On April 1, 2026, 5,500,000 common shares were issued through a third-party allotment, raising funds totaling 13,409,000,000 yen.

The conversion price of the 1st unsecured convertible bond with stock acquisition rights has been adjusted from 1,554 yen to 1,546.1 yen, effective from April 2, 2026.

In response to the receipt of notification from the Fair Trade Commission on March 2, 2026, a partial correction was made to the tender offer commencement announcement for shares of Sun Frontier Fudosan Co., Ltd.

Correction in the number of issued shares, revised from 44,875,500 shares to 48,755,500 shares. Number of potential shares remains unchanged at 6,434,900 shares. Correction related to the capital and business alliance announced on 2026-02-25.

Sun Frontier Fudosan will conduct a third-party allotment of 5,500,000 shares (approximately 11.28%) to Itochu Corporation, raising approximately 13.4 billion yen. Through a tender offer, a maximum shareholding of 22.41% is targeted. The payment date is April 1, 2026.

SI Co., Ltd., a wholly owned subsidiary of ITOCHU Corporation, will conduct a tender offer for up to 6,656,900 shares (approximately 12.07%) of Sun Frontier Fudosan at 2,800 yen per share, concurrently implementing a third-party allotment of approximately 5.5 billion yen scheduled for payment on April 1, 2026.

From the June 2026 issuance, the shareholder benefit program will be expanded by establishing a top-tier ranking for shareholders owning 3,000 shares or more, and expanding the applicable facilities to 33 locations. The number of discount coupons for long-term shareholders will be doubled.

Sun Frontier Fudosan plans to sell three properties held for sale located in Tokyo at a price exceeding 10% of the most recent consolidated net sales. The contract date is scheduled for March 27, 2026, with settlements on March 30 and April 1.

Sun Frontier Fudosan Co., Ltd. will absorb its wholly owned subsidiary, Kawakami Seihon Co., Ltd., as of April 1, 2026, to enhance operational efficiency. There will be no issuance of new shares or cash payment associated with the merger.

For the third quarter of the fiscal year ending March 2026, consolidated net sales were ¥77,144 million (27.5% YoY increase), operating income was ¥17,165 million (43.4% YoY increase), and net income attributable to owners of parent for the quarter was ¥10,434 million (32.8% YoY increase), showing steady growth in both revenue and profit.

For the third quarter of the fiscal year ending March 2026, net sales were 771.04 billion yen, up 27.5% year-over-year (YoY), operating income was 171.65 billion yen, up 43.4% YoY, achieving about 70% of the full year forecast progress.