March

Established Sun Realty Co., Ltd. (Osaka City, Chuo-ku, currently a consolidated subsidiary).
Changed Sanyo Onoda Biomass Fuel Supply Co., Ltd. from a non-consolidated subsidiary to a consolidated subsidiary due to the commencement of its business operations.

February

Excluded Seven Star Co., Ltd. from consolidated subsidiaries through the transfer of its shares.
Acquired 70% of the issued shares of Martial ACE Holdings Co., Ltd. (Osaka City, Kita-ku, currently a consolidated subsidiary).

January

Relocated the head office to Chuo-ku, Osaka City.

December

Liquidation completed following the dissolution of the Manga Hokusai Ukiyo-e Project LLP (Minato-ku, Tokyo).

October

Closed the Tokyo branch (Minato-ku, Tokyo).

July

Acquired 51% of the issued shares of Takayama Engineering Co., Ltd. (currently Santec Co., Ltd., Minato-ku, Tokyo, a consolidated subsidiary).
Established SUN Digital Transformation Co., Ltd. (Osaka City, Yodogawa-ku, currently a consolidated subsidiary).

April

Excluded Land Best Co., Ltd. from consolidated subsidiaries through the transfer of its shares.

May

Dissolution and liquidation of HOKUSAI.260 Co., Ltd. (Minato-ku, Tokyo) and Jia Station Co., Ltd. (Minato-ku, Tokyo).

April

Changed listing from Tokyo Stock Exchange JASDAQ (Standard) to Tokyo Stock Exchange Standard following the market segmentation revision by the Tokyo Stock Exchange.
Excluded Global Walker Co., Ltd. from consolidated subsidiaries through the transfer of its shares.

March

Made Seven Star Co., Ltd. a wholly-owned subsidiary through a simplified share exchange.

July

Established Jia Station Co., Ltd. (Minato-ku, Tokyo).

June

Established CONQUER Co., Ltd. (Minato-ku, Tokyo).

May

Merged Sun Estate Co., Ltd. (Minato-ku, Tokyo) into the company, with the company being the surviving entity.

February

Established Mars Co., Ltd. and HOKUSAI.260 Co., Ltd. (Minato-ku, Tokyo, currently a consolidated subsidiary).

March

Liquidation completed following the dissolution of Hokuto No. 19 Investment Business LLP (Osaka City, Chuo-ku).

July

Established Land Best Co., Ltd. (Minato-ku, Tokyo, currently a consolidated subsidiary).

May

Merged SGPE Japan Co., Ltd. (Minato-ku, Tokyo, currently a consolidated subsidiary) into Sun Energy Co., Ltd., with Sun Energy Co., Ltd. being the surviving entity.

February

Completed liquidation following the business transfer of NQ Yatai-Gai LLP (Kokurakita-ku, Kitakyushu City), and dissolution of Limited Liability Company NQ Yatai-Mura (Chuo-ku, Osaka City) and San Foods Co., Ltd. (Chuo-ku, Osaka City).

August

Acquired all shares of La Berita Co., Ltd. (Minato-ku, Tokyo, currently Sun Energy Co., Ltd., a consolidated subsidiary).
Completed liquidation following the dissolution of Hokuto No. 18 Investment Business LLP (Osaka City, Chuo-ku).

April

Established Sun Estate Co., Ltd. (Minato-ku, Tokyo, currently a consolidated subsidiary).

March

Established SUN BIOMASS PTE. LTD. (Singapore, currently a consolidated subsidiary).
Established SGPE Japan Co., Ltd. (Minato-ku, Tokyo, currently a consolidated subsidiary).

November

Acquired all issued shares of MARVEL GREEN POWER ENERGY PTE. LTD. (Singapore) to engage in clean energy-related businesses, made it a wholly-owned subsidiary, and renamed it SUN GREEN POWER ENERGY PTE. LTD.

August

Established Tokyo branch of Sun Capital Management Co., Ltd. in Shiba Park, Minato-ku, Tokyo.

December

Terminated the exclusive overseas sales rights agreement for products such as “Nano Fresher” with Nanox Co., Ltd.

July

Completed liquidation following the dissolution of Sun Energy LLP (Osaka City, Chuo-ku).

June

Completed liquidation following the dissolution of consolidated subsidiary Hokuto No. 15 Investment Business LLP (Osaka City, Chuo-ku).

October

Capital and business alliance with Global Walker Co., Ltd., acquiring 50% of the issued shares.
Concluded an exclusive distribution agreement for overseas sales of products such as ‘Nano Fresher’ with Nanox Co., Ltd.”

February

Concluded a comprehensive business alliance agreement with Hyogo Takara Real Estate Co., Ltd.

September

Established Sun Energy LLP (Osaka City, Chuo-ku) as an LLP to engage in small-scale solar system subdivision sales business.

July

Listed on Tokyo Stock Exchange JASDAQ (Standard) following the integration of Tokyo Stock Exchange and Osaka Stock Exchange.

May

Concluded a basic agreement on a business alliance with Hyogo Takara Real Estate Co., Ltd.

March

Dissolved the capital and business alliance with IS Holdings Co., Ltd.

February

Excluded Grand Hotel Matsutou Co., Ltd. from consolidated subsidiaries through the transfer of its shares.

November

Excluded SCM SOUTHRIDGE, LLC (currently AAI LEASING, LLC) from consolidated subsidiaries through the transfer of its interests.
Excluded San Asset Management Co., Ltd. (currently Samty Asset Co., Ltd.) and Spring Investment Business LLP from consolidated subsidiaries through the transfer of their shares.

August

Completed liquidation following the dissolution of SS Developments LLP (Osaka City, Chuo-ku).

May

Renamed NQ Yatai-Mura LLP to NQ Yatai-Gai LLP and relocated the head office to Kitakyushu City, Fukuoka Prefecture.

April

Established Kitakyushu Office of Sun Capital Management Co., Ltd. (Kokurakita-ku, Kitakyushu City).

February

Established NQ Yatai-Mura LLP (Chuo-ku, Osaka City, currently a consolidated subsidiary) to manage and operate yatai-gai (food stall villages).
Established Limited Liability Company NQ Yatai-Mura (Chuo-ku, Osaka City, currently a consolidated subsidiary) to manage and operate yatai-gai.
Established Tokyo Office of Sun Capital Management Co., Ltd. (Yurakucho, Chiyoda-ku).

January

Established Sun HE Co., Ltd. to engage in environment-related businesses.

August

Relocated the head office to the current location.

March

Established Tottori Country Club Co., Ltd. (Tottori City) through the company split to independently operate the golf course “Tottori Country Club.”

December

Established SS Developments LLP (Osaka City, Chuo-ku) as an LLP to engage in investment apartment development and sales.

May

Relocated the head office of Sun Asset Management Co., Ltd. to Tokyo.

June

Entered into a capital and business alliance with IS Holdings Co., Ltd.

April

Established Tokyo branch of Sun Asset Management Co., Ltd. in Yurakucho, Chiyoda-ku.

November

Reorganized the group structure.

March

Sun Asset Management Co., Ltd. completed registration as a financial instruments business operator (Type II Financial Instruments Business, Investment Management Business, Investment Advisory and Agency Business).

January

Sun Asset Management Co., Ltd. completed registration as a comprehensive real estate investment advisor.

October

Acquired 50% of the issued shares of Grand Hotel Matsutou Co., Ltd. (Hakusan City, Ishikawa Prefecture) and made it a consolidated subsidiary.

August

Acquired 50% of the issued shares of Grand Hotel Matto Co., Ltd. (Hakusan City, Ishikawa Prefecture) and made it a consolidated subsidiary.
Established Limited Liability Company Kurando (Osaka City, Kita-ku) as an equity-method affiliate.

December

Listed on Osaka Securities Exchange Nippon New Market “Hercules.”

March

Acquired the golf course “Tottori Country Club” for investment purposes.

November

Established Hokuto No. 15 Investment Business LLP (Osaka City, Kita-ku) as a consolidated subsidiary.

August

Relocated the head office to Kita-ku, Osaka City.

August

Formed a real estate investment fund to invest in lawful conversion properties.

October

Formed a real estate investment fund aimed at renovating corporate housing of listed companies into condominiums and investing in such properties.

September

Formed a real estate investment fund utilizing non-recourse loans.

December

Formed a real estate investment fund aimed at investing in bulk non-performing loans.

February

Formed a corporate revitalization investment fund aimed at investing in distressed companies.

January

Formed a venture capital investment fund aimed at investing in venture companies.

September

Changed the company name to Sun Capital Management Co., Ltd., and made a full-scale entry into the investment fund management business as an investment company.

May

Reorganized into White Trading Co., Ltd. (Katsushika-ku, Tokyo), a financial consulting company.