Slide 1: Presentation of Financial Results for the First Half of Fiscal 2023
Presentation of Financial Results for the First Half of Fiscal 2023, Ending September 30, 2023 DEAR LIFE CO., LTD. May 12, 2023 (Securities code: 3245 on the Prime Market of the Tokyo Stock Exchange)
Slide 2: Overview of the Dear Life Group’s Businesses
Overview of the Dear Life Group’s Businesses ■ Development and sale of real estate in central Tokyo ■ Development of urban residences and commercial buildings ID Inc. and ID Property Co., Ltd. Note: Hereinafter, the “ID Group” ■ Development of residences, apartments, and detached houses, and rental
Slide 3: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 4: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 5: Summary of Financial Results in the First Half of Fiscal 2023
Summary of Financial Results in the First Half of Fiscal 2023 Sales of properties progressed on favorable terms. DLX Holdings also showed an uptrend in performance and posted a significant year-on-year increase in profit. Fiscal 2022 Fiscal 2023 1st half 1st half (YoY change) Net sales ¥11,512 milli
Slide 6: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 7: Financial Results and Key Performance Indicators
Financial Results and Key Performance Indicators in the First Half of Fiscal 2023 Increased sales and profit on multiple large-scale property sales. Robust performance by DLX including improved profitability. Operating profit and ordinary profit more than double previous year’s figures. Fiscal 2022
Slide 8: Main Results from the Consolidated Income Statement
Main Results from the Consolidated Income Statement in the First Half of Fiscal 2023 Increased revenue on conclusion of sales of a number of completed development projects and large-scale income-producing properties. Improved profitability also in Sales Promotion Business on progress with cost effic
Slide 9: Main Results from the Consolidated Balance Sheet
Main Results from the Consolidated Balance Sheet as of the End of the First Half of Fiscal 2023 Active investment using own capital combined with bank borrowings. Cash reserves remain ample despite decrease due to dividend and tax payments. (Billions of yen) Assets Real estate for sale ① Priority gi
Slide 10: Analysis of Consolidated Cash Flows in First Half of Fiscal 2023
Analysis of Consolidated Cash Flows in First Half of Fiscal 2023 Acquisitions proceed with expansion in number and scale of projects. Favorable borrowing environment. (Billions of yen) Borrowing for property Balance at Profit before acquisitions, etc. beginning of income taxes + Exercise of period +
Slide 11: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 12: Real Estate Business (1): Properties Sold
Real Estate Business (1): Properties Sold in the First Half of Fiscal 2022 Property sales to a wide-ranging customer base from individuals to real estate sales companies and investment funds. ● Continuing robust demand for residential rental property in central Tokyo. ● Progress with sale of large-s
Slide 13: Real Estate Business (2): Property Portfolio Expansion
Real Estate Business (2): Property Portfolio Expansion in the First Half of Fiscal 2023 Rapid acquisition of central Tokyo development sites within 10 minutes of the nearest station. ● In the first half of fiscal 2023, we acquired development sites and income-producing properties worth approximately
Slide 14: Overview of Affiliates
Overview of Affiliates ID Inc. and ID Property Co., Ltd. ● Successful acquisition of development sites and income-producing properties in focus wards of Shinagawa and Ota. ● Cost reductions made with the help of Dear Life’s fund raising capabilities. ● Robust sales across a wide range of market requ
Slide 15: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 16: Profit Targets for Fiscal 2023
Profit Targets for Fiscal 2023 ✓ Targets of ¥6.0 billion for ordinary profit and ¥4.1 billion for profit attributable to owners of parent. ✓ Additional focus on enhancing profitability and governance of DLX Holdings to accelerate growth of ID Group. Ordinary profit Profit attributable to owners of p
Slide 17: Real Estate Business: Investment Strategies in Fiscal 2023
Real Estate Business: Investment Strategies in Fiscal 2023 ◼ Carefully search for and select real estate in central Tokyo which is highly marketable, scarce, and in demand for leasing. ◼ Strengthen extremely efficient sales style by expanding project scale for every development. ◼ Continue accumulat
Slide 18: Real Estate Business: Sales Strategies in Fiscal 2023
Real Estate Business: Sales Strategies in Fiscal 2023 ✓ Steady level of interest in assets invested in or operated by the Company. ✓ Focus on development, planning and sale projects that have a short turnaround time without missing out on profit-making opportunities. ✓ Energetic sales activity conce
Slide 19: (Reference material) List of Main Property Projects
(Reference material) List of Main Property Projects Main development projects currently underway Project name Project type Location Nearest station Commercial and office building Kagurazaka 5-chome Shinjuku Ward, Tokyo Approx. 4-minute walk from Ushigome-Kagurazaka Station of Toei Oedo Subway Line d
Slide 20: INDEX
INDEX ✓ Summary of Financial Results in the First Half of Fiscal 2023 4 ✓ Explanation of Financial Results in the First Half of Fiscal 2023 6 ▶ Financial Results and Key Performance Indicators ▶ Income Statement and Balance Sheet, and analysis of cash flow ✓ Explanation of Financial Results in the F
Slide 21: Shareholder Returns Policy
Shareholder Returns Policy ✓ Dividend: Plans to implement a dividend payout ratio of 40% for fiscal 2023. Target of ¥38 per share for year-end dividend. Dividend per share and payout ratio over the past five years Significantly exceeded dividend target from impact of extraordinary income (Yen) 50 50
Slide 22: Investor Relations Inquiries
Investor Relations Inquiries Contact details for enquiries regarding this presentation Corporate Strategy Unit, DEAR LIFE CO., LTD. E-mail: ir@dear-life.co.jp The forecast results and forward-looking statements described in this presentation are expectations of the Company’s management deemed reason