Dear Life Co., Ltd. · TSE:3245
Dear Life — FY2023 Earnings Presentation
25 slides from Dear Life's earnings presentation, Nov 14, 2023
Slide 1: Presentation of Financial Results for Fiscal 2023, Ended September 30, 2023
Presentation of Financial Results for Fiscal 2023, Ended September 30, 2023 DEAR LIFE CO., LTD. November 14, 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 Fiscal 2023 Financial Results 4 ▶ Business Overview: Successfully achieved first year targets for the medium-term management plan. ▶Highlights: (1) Formulation of the medium-term management plan―Breakthrough 2025 (2) 40% dividend payout ratio + ¥41 per share distributed with recor
Slide 4: INDEX
INDEX ✓ Summary of Fiscal 2023 Financial Results 4 ▶ Business Overview: Successfully achieved first year targets for the medium-term management plan. ▶Highlights: (1) Formulation of the medium-term management plan―Breakthrough 2025 (2) 40% dividend payout ratio + ¥41 per share distributed with recor
Slide 5: Summary of Fiscal 2023 Financial Results
Summary of Fiscal 2023 Financial Results Achieved targets for the first year of the medium-term management plan, setting record high profits for third consecutive year FY2022 Fiscal 2023 (YoY change) Net sales ¥51,905 million ¥43,503 million (-16.2％) Operating profit ¥5,736 million ¥6,087 million (+
Slide 6: Fiscal 2023 Highlights (1)
Fiscal 2023 Highlights (1) Formulation of the medium-term management plan―Breakthrough 2025, with ordinary profit target for fiscal 2025 set at ¥10 billion In addition to numerical targets, aim to strengthen the management foundation, including people and trust that support the Group's sustainable g
Slide 7: FY2023 Highlights (2)
FY2023 Highlights (2) In addition to an ordinary dividend with a payout ratio of 40%, a record profit commemorative dividend of ¥2 was paid out Total dividends of approximately ¥1.8 billion, record profit commemorative dividend paid for third consecutive year, dividend payout ratio of 41.9% Dividend
Slide 8: INDEX
INDEX ✓ Summary of Fiscal 2023 Financial Results 4 ▶ Business Overview: Successfully achieved first year targets for the medium-term management plan. ▶Highlights: (1) Formulation of the medium-term management plan―Breakthrough 2025 (2) 40% dividend payout ratio + ¥41 per share distributed with recor
Slide 9: Consolidated Financial Results and Key Performance Indicators in Fiscal 2023
Consolidated Financial Results and Key Performance Indicators in Fiscal 2023 Although sales declined, profits were up due to improved profit margins off the back of large-scale property sales on favorable terms Active purchasing activities to achieve medium-term management plan Percentage Income Sta
Slide 10: Main Results from the Consolidated Income Statement in Fiscal 2023
Main Results from the Consolidated Income Statement in Fiscal 2023 Sales with high profit margin of large-scale income-producing properties and multiple development projects. Successfully reduced selling, general and administrative expenses, including brokerage fees at time of sale. Posted record hi
Slide 11: Main Results from the Consolidated Balance Sheet in Fiscal 2023
Main Results from the Consolidated Balance Sheet in Fiscal 2023 More active use of own capital than in fiscal 2022, and active investment by optimizing portfolio with bank loans In parallel with sales activities, favorable progress in purchasing on track to achieve medium-term management plan (Billi
Slide 12: Analysis of Consolidated Cash Flow in Fiscal 2023
Analysis of Consolidated Cash Flow in Fiscal 2023 Sales of properties progressed quickly and on favorable terms, and cash reserves increased by about ¥2.2 billion (up 11%) in one year (Billions of yen) Repayment of Borrowing for borrowings associated property with property sales acquisitions, etc. P
Slide 13: INDEX
INDEX ✓ Summary of Fiscal 2023 Financial Results 4 ▶ Business Overview: Successfully achieved first year targets for the medium-term management plan. ▶Highlights: (1) Formulation of the medium-term management plan―Breakthrough 2025 (2) 40% dividend payout ratio + ¥41 per share distributed with recor
Slide 14: Real Estate Business (1): Properties Sold in Fiscal 2023
Real Estate Business (1): Properties Sold in Fiscal 2023 Property sales to a wide-ranging customer base from individuals to real estate sales companies and investment funds. ● Continued robust demand for prominent real estate in central Tokyo, especially for residential rental plots in the Tokyo Met
Slide 15: Real Estate Business (2): Property Portfolio Expansion in Fiscal 2023
Real Estate Business (2): Property Portfolio Expansion in Fiscal 2023 Rapid acquisition of central Tokyo development sites within 10 minutes of the nearest station. ● Acquired development sites and income-producing properties worth approximately ¥56.0 billion in terms of the value of our property po
Slide 16: (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 Higashi-Matsubara Condominium building development (joint venture) Setagaya Ward, Tokyo Approx. 1-minute walk from Higashi-Matsubara Station of Keio Ino
Slide 17: 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 18: INDEX
INDEX ✓ Summary of Fiscal 2023 Financial Results 4 ▶ Business Overview: Successfully achieved first year targets for the medium-term management plan. ▶Highlights: (1) Formulation of the medium-term management plan―Breakthrough 2025 (2) 40% dividend payout ratio + ¥41 per share distributed with recor
Slide 19: Profit Targets for Fiscal 2024
Profit Targets for Fiscal 2024 ✓Targets of ¥7.5 billion for ordinary profit and ¥5.1 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 pa
Slide 20: Shareholder Returns Policy
Shareholder Returns Policy ✓ Dividend: Plans to implement a dividend payout ratio of 40% for fiscal 2023. Target of ¥46 per share for year-end dividend. Dividend per share and payout ratio Significantly exceeded dividend target from impact of over the past five years extraordinary income ✓ Acquisiti
Slide 21: Breakthrough 2025 Key Initiatives Achievements and Progress in 2023
Breakthrough 2025 Key Initiatives Achievements and Progress in 2023 Promoting key themes in every field toward the goal of ¥10 billion in ordinary income Breakthrough 2025 Key Themes 2023 Achievements and Progress Real Estate Segment ● Expansion in both business scale and number of projects ● Increa
Slide 22: Breakthrough 2025 Key Initiatives: (1) Real Estate Business
Breakthrough 2025 Key Initiatives: (1) Real Estate Business Expand urban residence business volume and scale Number and scale of business per project (Acquisitions) ✓ Acquired carefully selected properties in good locations in Tokyo. Continued development for single people and DINKs who prefer urban
Slide 23: Breakthrough 2025 Key Initiatives: (2) Sales Promotion Business
Breakthrough 2025 Key Initiatives: (2) Sales Promotion Business Strengthen non-face-to-face sales with IT and expand business areas ● Expand into diverse industries by leveraging marketing know-how that allows us to make contracts remotely. ● Complete education function for IT human resources in the
Slide 24: Breakthrough 2025 Key Initiatives: Management Foundation/ESG Management
Breakthrough 2025 Key Initiatives Strengthening the Management Foundation/ESG Management Strengthening the Management Foundation ● Continued to promote highly efficient management with ROA of 15.8% and ROE of 19.3% in fiscal 2023. (Millions of yen) ◀Shareholders’ equity is approximately 4.5 times hi
Slide 25: Contact details for enquiries regarding this presentation
Contact details for enquiries regarding this presentation Corporate Strategy Unit DEAR LIFE CO., LTD. Email : ir@dear-life.co.jp The forecast results and forward-looking statements described in this presentation are expectations of the Company’s management deemed reasonable based on information avai