Dear Life Co., Ltd. · TSE:3245
Dear Life — Q1 FY2026 Earnings Presentation
33 slides from Dear Life's earnings presentation, Feb 6, 2026
Slide 1: Presentation of Financial Results for the First Quarter of Fiscal 2026
Presentation of Financial Results for the First Quarter of Fiscal 2026, Ending September 30, 2026 DEAR LIFE CO., LTD. February 6, 2026
Slide 2: Overview of Financial Results: KPI Highlights
Overview of Financial Results KPI Highlights Profit attributable to owners of Property portfolio of acquired Consolidated ordinary profit projects (Q1) parent –¥317 million –¥425 million ¥12.4 billion (Ordinary profit of ¥1,028 million in the (Profit of ¥682 million in the same (down 30.7% YoY) same
Slide 3: Index
Index 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 DEAR LIFE All rights reserved. 3
Slide 4: FY2026 Q1 Topics: Executive Summary
Executive Summary FY2026 Q1 Topics 1 Formulated new Medium-Term Management Targets: Challenge 2028 —Catch the Wave 2 Raised approx. ¥6.8 billion in equity through a public offering 3 Actively executed property acquisitions as the first year of the new Medium -Term Management Targets Copyright （C） 20
Slide 5: Challenge 2028—Catch the Wave
FY2026 Q1 Topics 1 Formulated new Medium-Term Management Targets: Challenge 2028 —Catch the Wave Challenge 2028—Catch the Wave Dear Life will strengthen initiatives aimed at realizing a sustainable society and pursue further growth as a real estate trading company. Management Indicators (Targets) Ch
Slide 6: Raised approx. ¥6.8 billion in equity through a public offering
FY2026 Q1 Topics 2 Raised approx. ¥6.8 billion in equity through a public offering Purpose of the capital raising: Strengthening the financial base through equity financing to enhance acquisition capacity and expand business scale Total number of new shares issued: 6,730,000 shares 6,000,000 1,110,0
Slide 7: Actively executed property acquisitions in the first year of the plan
FY2026 Q1 Topics 3 Actively executed property acquisitions as the first year of the new Medium -Term Management Targets Smooth progress in shifting toward projects with a property portfolio exceeding ¥1 billion (Millions of yen) Approx. ¥15.1 billion in future pipeline secured 30,000 Total ¥27,684 m
Slide 8: 01. Operating Results & Financial Status
01. Operating Results & Financial Status 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 D
Slide 9: Operating Results: Q1 Ordinary Profit
Operating Results —Q1 Ordinary Profit— (Millions of yen) 1,500 1,028 1,000 Ordinary loss of ¥317 million 500 (Ordinary profit of ¥1,028 million in the 238 267 same quarter of the previous fiscal year) Revenue declined year on year due to a 0 shortfall in property sales in the Real Estate Business -1
Slide 10: Financial Status: Consolidated Balance Sheet
Financial Status —Consolidated Balance Sheet— (Millions of yen) 60,000 50,000 Interest-bearing ✓ Focused on property acquisitions Cash and deposits liabilities 23,527 26,362 Interest-bearing → Increases in real estate and borrowings 40,000 liabilities 15,166 ✓ Maintained a high level of cash and dep
Slide 11: 02. Real Estate Business
02. Real Estate Business 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 DEAR LIFE All rig
Slide 12: Real Estate Business: Segment Sales & Profit
Real Estate Business —Segment Sales & Profit— (Millions of yen) (Millions of yen) 15,000 1,400 1,194 1,200 Segment sales 10,450 1,000 ¥1,552 million 10,000 800 (down 85.1% YoY) 600 367 453 400 5,000 Segment loss of ¥29 million 3,859 3,483 200 (Operating profit of ¥1,194 million in the same 157 1,918
Slide 13: Purchasing activities: Inventory balance
Real Estate Business —Purchasing activities— (Millions of yen) 30,000 Up 61.1% vs. 27,065 Sept. 30, 25,000 2025 4,587 20,000 16,800 Inventory balance 15,000 4,616 ¥27,065 million 10,000 22,478 (up 61.1% vs. Sept. 30, 2025) 12,184 5,000 0 As of Sept. 30, 2025 As of Dec. 31, 2025 Real estate for sale
Slide 14: Real Estate Business: Purchasing activities by location
Real Estate Business —Purchasing activities— ・DeLCCS Urawa Project (Urawa City, Saitama Prefecture) ・Kamakura Shichirigahama Project (Kamakura City, Kanagawa Prefecture), and others Outside 23 wards 5.8% Central 5 wards 25.0% 94.2％ Investment properties Continued investment in 23 ・DeLCCS Yoyogi Park
Slide 15: Real Estate Business: Purchasing activities by station distance
Real Estate Business —Purchasing activities— ・DeLCCS Nihonbashi Hisamatsucho Project ・DeLCCS Tabata III Project More than 10 ・ID Jingumae, and others minutes 1.9% 1-3 minutes 15.1% Carefully selected investments in real estate located within 10 98.1％ Within 10 minutes of minute-walk of nearest stati
Slide 16: Purchasing activities (volume)
Real Estate Business —Purchasing activities (volume)— DeLCCS Nihonbashi DeLCCS Chitosekarasuyama II DeLCCS Nakano Fujimicho DeLCCS Omori Hisamatsucho Selectively acquired large-scale (Millions of yen) Steadily advancing property acquisitions that will contribute to future earnings properties in prim
Slide 17: Purchasing activities (number of properties)
Real Estate Business —Purchasing activities (number of properties)— (Projects) 69 70 63 60 56 51 29 50 26 21 17 40 36 Focusing on the purchase of large-scale 33 projects valued at more than ¥1 billion. 30 12 10 Both the number and scale of projects 26 28 24 30 20 are increasing. 15 19 17 4 10 4 5 12
Slide 18: Main Properties under Development
Real Estate Business —Main Properties under Kagurazaka Bentencho Project Development— Urban residential project with 24 units 5-minute walk from Waseda Station of Tokyo Metro Tozai Line 10-minute walk from Kagurazaka Station of Tokyo Metro Tozai Line Meets a wide range of needs from students to work
Slide 19: Main Income-Producing Properties under Development
Real Estate Business DeLCCS Nihonbashi Hisamatsucho Project —Main Income-Producing 8 office spaces Properties under Development— 3-minute walk from Bakuroyokoyama Station of Toei Shinjuku Line 3-minute walk from Higashi-Nihonbashi Station of Toei Asakusa Line 6-minute walk from Bakurocho Station of
Slide 20: 03. Sales Promotion Business
03. Sales Promotion Business 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 DEAR LIFE All
Slide 21: Sales Promotion Business: Segment Sales & Profit
Sales Promotion Business —Segment Sales & Profit— Net sales (Millions of yen) (Millions of yen) Recruitment progressed steadily versus plan, 50 1,087 998 building a solid talent base to support 1,034 1,010 expanded utilization. 986 1,000 27 21 Segment profit 10 0 As a result of proactive investment
Slide 22: 04. Shareholder Returns Policy
04. Shareholder Returns Policy 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 DEAR LIFE A
Slide 23: Challenge 2028: Performance Targets for FY2026
Challenge 2028 —Performance Targets for FY2026— Target ordinary profit Target profit ¥6.8 billion (Millions of yen) ¥10 billion (Millions of yen) 12,000 12,000 10,000 10,000 10,000 Ordinary profit target for the first year of Challenge 2028: ¥10 billion 8,000 7,831 8,000 6,800 6,000 6,000 5,320 (+27
Slide 24: Shareholder Returns Policy: Dividend targets and past implementation
Shareholder Returns Policy —Dividend targets and past implementation— (Yen) 70 63 64 60 1 Providing stable dividends from FY2024 50 44 47 41 onward, taking into account DOE*. 40 2 2 30 Target of ¥64 per share for FY2026 dividend. 30 2 62 64 42 47 20 39 28 10 0 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep
Slide 25: 05. Appendix
05. Appendix 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 2026 DEAR LIFE All rights reserved
Slide 26: Appendix: Consolidated Income Statement
Appendix —Consolidated Income Statement— Percentage change FY2025 Q1 FY2026 Q1 Change from 2025 from 2025 (Millions of yen) (1) (2) (2)–(1) {(2)–(1)}/(1) Net sales 11,449 2,538 -8,911 -77.8% Revenue and profit declined due to a shortfall in project sales. Real Estate Business 10,450 1,552 -8,898 -85
Slide 27: Appendix: Consolidated Balance Sheet
Appendix —Consolidated Balance Sheet— Component ratio as of Percentage change compared (Millions of yen) As of Sept. 30, 2025 As of Dec. 31, 2025 Dec. 31, 2025 to Sept. 30, 2025 Current assets 45,352 55,289 96.6% 21.9% Cash and deposits 27,104 26,362 46.0% -2.7% Real estate for sale in process 4,616
Slide 28: Overview of the Dear Life Group's Businesses
Overview of the Dear Life Group’s Businesses 00. FY2026 Q1 Topics 01. Operating Results & Financial Status 02. Real Estate Business 03. Sales Promotion Business 04. Shareholder Returns Policy 05. Appendix Consolidated Financial Statements Overview of the Dear Life Group’s Businesses Copyright （C） 20
Slide 29: Development and sale of real estate mainly in Tokyo
Overview of the Dear Life Group’s Businesses Development and sale of real estate mainly in Tokyo Development of urban residences and commercial buildings Also began owning and operating hotels Copyright （C） 2026 DEAR LIFE All rights reserved. 29
Slide 30: Wide rollout of residence development, construction, rental and brokerage
Overview of the Dear Life Group’s Businesses Wide rollout of development of residences, apartments, and detached houses, design and construction, rental and sales brokerage, and management business mainly in Shinagawa and Ota wards Copyright （C） 2026 DEAR LIFE All rights reserved. 30
Slide 31: Call center and sales/admin staff dispatch
Overview of the Dear Life Group’s Businesses Dispatches outbound-style call center staff to the finance/insurance sector, and sales/admin staff to the real estate industry Copyright （C） 2026 DEAR LIFE All rights reserved. 31
Slide 32: BPO services for the self-storage market
Overview of the Dear Life Group’s Businesses Provides business process outsourcing (BPO) services for the self-storage market (Equity-method affiliate: 3461 TSE Growth Market) Develops self-storage properties, etc. Copyright （C） 2026 DEAR LIFE All rights reserved. 32
Slide 33: Contact details for inquiries regarding this presentation
Contact details for inquiries 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 ava