Sun Frontier Fudousan Co. Ltd.

Sun Frontier Fudousan Co. Ltd. is a Japan company, located in Tokyo. more detail is as below.

Company Information

Company Name: Sun Frontier Fudousan Co. Ltd.
Country: Japan
Address: Tokyo
Contact: Tomoaki Horiguchi
Website: www.sunfrt.co.jp
Profile: I Hope That All Of You Are Prospering And Truly Hope For Your Continued Support. 'survival Rather Than Growth' Is The Theme Of Group's Activities During The Second Half Of This Fiscal Year. The Background And Reasons For Adopting This Approach Are Described Below. The Real Economy Is Clearly Slowing. Recent Financial Anxiety Around The World Has Caused A Surge In The Yen, And At One Point Saw Japan's Nikkei 225 Stock Index Plunge To Its Lowest Level Since The Burst Of The Bubble Economy In The Early 90s. Credit Contraction In The Financial Markets Has Caused A Drop In Liquidity From A Pullback In Real Estate Financing, While Stagnant Sales Of Inventory Properties Have Resulted In Diminished Solvency And Bankruptcy For Some Real Estate Companies. Aggressive Intervention By Government Financial Agencies Has Temporarily Calmed Fears About The Future And Settled Markets, But Sluggish And Fluctuating Conditions Should Continue In The Near Future. The Real Estate Market Has Responded To This Environment By Adopting A 'wait And See' Attitude In Contrast To The Fairly Brisk Level Of Transactions That Persisted In The First Fiscal Quarter Despite Demanding Conditions. These Transactions Were Mainly Driven By Owner Demand From Companies And Wealthy And Other Individuals. Real Estate Prices Are Nearing Historically Low Levels In Terms Of Profitability, But No Market Bottom Is Yet In Sight, And Cash Is Currently A Key. In This Unstable Market, We Need To Be Very Careful Of The Risks Created By Chasing Investments In The Name Of Growth And Running Out Of Cash. Mindful Of These Risks, We Are Now Making Further Inventory Reductions Our Top Priority. Today's Demanding Environment Makes Careful Consideration Of The Commitment Level, Size And Time Frame Of Each Potential Investment Far More Important Than Ever. Our Investment Decisions Will Require Ten Times More Caution Than A Year Ago. In Hindsight, The Strong Market Conditions We Previously Enjoyed Lulled Me Into Letting Down My Guard. But As We Begin The Third Fiscal Quarter, We Are Taking Decisive Steps To Cut Costs In All Areas Other Than Staff Employment, And Are Seeking To Rapidly Transform Ourselves Into A Leaner Organization. During The Second Quarter, We Focused On Continuing Our Ongoing Initiatives To Reduce Inventory And Strengthen Our Financial Structure. We Stepped Up Our Ongoing Intensive Sales Activities, With An Aggressive Information Campaign Targeting The Owner-investor Segment Made Up Of Wealthy Individuals And General Business Concerns. But Extremely Demanding Conditions Continued, And The Low Volume Of Real Estate Transactions Throughout The Market Allowed Us To Sell Only Four Properties (not Counting Fixed Assets) During The Second Quarter, Down From Ten In The First Quarter. More Successful Were The Aggressive Steps We Took To Boost Our Financial Structure And Financing Ability.
Area: Tokyo

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