Dear Life Co., Ltd. · TSE:3245
Dear Life — Q1 FY2025 Earnings Presentation
29 slides from Dear Life's earnings presentation, Feb 7, 2025
Slide 1: Presentation of Financial Results for the First Quarter of Fiscal 2025
Presentation of Financial Results for the First Quarter of Fiscal 2025, Ending September 30, 2025 DEAR LIFE CO., LTD. February 7, 2025
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 (H1) parent projects (Q1) ¥1,028 million ¥682 million ¥18.0 billion (up 284.1% YoY) (up 286.8% YoY) (up 55.2% YoY) Capital-to-assets ratio Earnings per share 49.7
Slide 3: Index
Index 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） 2025 DEAR LIFE All rights reserved. 3
Slide 4: 01. Operating Results & Financial Status
01. Operating Results & Financial Status 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） 2025 DEAR LIFE All rights r
Slide 5: Operating Results: Q1 Ordinary Profit
Operating Results —Q1 Ordinary Profit— (Millions of yen) 1,500 Up 284.1% 1,028 1,000 vs. Dec. Ordinary profit ¥ 1.02 billion 31, 2023 (up 284.1% YoY) 500 Achieved a record-high profit for Q1. 222 238 267 7 0 –188 -500 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 Copyright （C） 2025 DEAR LIFE All r
Slide 6: Financial Status: Consolidated Balance Sheet
Financial Status —Consolidated Balance Sheet— (Millions of yen) 50,000 45,000 40,000 Interest-bearing Cash and deposits Cash and deposits 16,439 liabilities Interest-bearing 18,653 Real estate purchase and sales progressed 18,850 liabilities 35,000 21,272 concurrently. Borrowings increased to facili
Slide 7: 02. Real Estate Business
02. Real Estate Business 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） 2025 DEAR LIFE All rights reserved. 7
Slide 8: Real Estate Segment Sales & Profit
Real Estate Business —Segment Sales & Profit— Segment sales (Millions of yen) (Millions of yen) 15,000 1,400 ¥10,450 million 1,194 1,200 (up 200.0% YoY) 10,450 1,000 10,000 Segment profit 800 ¥1,194 million 600 5,000 453 (up 163.4% YoY) 3,859 367 3,483 400 1,918 1,201 157 200 The sale of multiple la
Slide 9: Purchasing activities: Inventory balance
Real Estate Business —Purchasing activities— Up 7.2% vs. Sept. (Millions of yen) 30, 2024 30,000 26,573 24,783 25,000 11,261 Inventory balance 20,000 10,644 ¥26,573 million 15,000 (up 7.2% vs. Sept. 30, 2024) 10,000 14,139 15,312 5,000 0 FY2024 FY2025 Q1 Real estate for sale Real estate for sale in
Slide 10: Real Estate Business: Purchasing activities by location
Real Estate Business —Purchasing activities— ・Tachikawa V Project (Tachikawa City, Tokyo) ・DeLCCS Mitaka Ⅱ Project (Mitaka City, Tokyo) , and others Outside 23 wards 3.5% Central 5 wards 21.1% 96.5％ Investment properties Continued investment in 23 ・Kagurazaka Bentencho II Project (Shinjuku Ward) war
Slide 11: Real Estate Business: Purchasing activities by station distance
Real Estate Business —Purchasing activities— ・Kawaguchi Namiki Project ・DeLCCS Komagome Somei More than 10 ・DeLCCS Asakusa Kaminarimon, and others minutes 0.0% 1-3 minutes 19.0% Carefully selected investments in real estate located within 10 Within 10 100％ minutes Within 10 minutes of minute-walk of
Slide 12: Purchasing activities (volume)
Real Estate Business —Purchasing activities (volume)— DeLCCS Asakusa DeLCCS Yotsuya DeLCCS Yoga II Kaminarimon To achieve "Breakthrough 2025," the focus is on selective purchase of large- (Millions of yen) scale properties in prime urban locations. Despite stricter purchase criteria, progress contin
Slide 13: Purchasing activities (number of properties)
Real Estate Business —Purchasing activities (number of properties)— (Projects) 70 63 60 56 51 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 24 26 28 are increasing. 20 14 19 17 4 10 5 12 7 4 5 7 0
Slide 14: Main Properties under Development
Real Estate Business —Main Properties under Otorii III Project Development— Urban residential project with 113 units 7-minute walk from Otorii Station of Keikyu Airport Line Direct access to Haneda Airport, Shinagawa and Sengakuji Kagurazaka Bentencho II Project Development projects Urban residentia
Slide 15: Main Income-Producing Properties
Real Estate Business DeLCCS Asakusa Kaminarimon Project 72 residential units —Main Income-Producing Properties— 2-minute walk from Asakusa Station of Toei Asakusa Line and Tokyo Metro Ginza Line 8-minute walk from Kuramae Station of Toei Oedo Line Direct access to Shimbashi, Toranomon, Roppongi, Tam
Slide 16: 03. Sales Promotion Business
03. Sales Promotion Business 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） 2025 DEAR LIFE All rights reserved. 16
Slide 17: Sales Promotion Business Segment Sales & Profit
Sales Promotion Business —Segment Sales & Profit— Net sales (Millions of yen) (Millions of yen) Successfully raised unit price through 1,500 50 improvements in the quality of dispatched personnel. 1,087 27 1,034 1,010 21 998 However, the expiration of dispatch 1,000 contracts with certain clients re
Slide 18: 04. Shareholder Returns Policy
04. Shareholder Returns Policy 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） 2025 DEAR LIFE All rights reserved. 1
Slide 19: Breakthrough 2025: Performance targets for FY2025
Breakthrough 2025 —Performance targets for FY2025— Target ordinary profit ¥10 billion Target profit ¥6.8 billion (Millions of yen) (Millions of yen) 12,000 12,000 Ordinary profit target for the final year 10,000 of Breakthrough 2025: 10,000 10,000 ¥ 100 billion (+114% YoY) 8,000 6,181 8,000 6,800 6,
Slide 20: Shareholder Returns Policy: Dividend targets and past implementation
Shareholder Returns Policy —Dividend targets and past implementation— (Yen) 70 80.0% 62 60 64.9% Aim for stable dividends from FY2024 onward, 50 44 47 60.0% 41 taking into account DOE*. 40 2 42.6% 42.4% 2 41.9% 40.0% 40.0% 39.8% 30 Target of ¥ 62 per share for fiscal 2025 30 20 19 2 42 39 47 62 divi
Slide 21: 05. Appendix
05. Appendix 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） 2025 DEAR LIFE All rights reserved. 21
Slide 22: Appendix: Consolidated Income Statement
Appendix —Consolidated Income Statement— Percentage change FY2024 Q1 FY2025 Q1 Change from 2024 from 2024 (Millions of yen) (1) (2) (2)–(1) {(2)–(1)}/(1) Net sales 4,493 11,449 6,956 154.8% Significantly increased income and Real Estate Business 3,483 10,450 6,967 200.0% profit through the sale of m
Slide 23: Appendix: Consolidated Balance Sheet
Appendix —Consolidated Balance Sheet— Component ratio as of Percentage change (Millions of yen) As of Sept. 30, 2024 As of Dec. 31, 2024 Dec. 31, 2024 compared to Sept. 30, 2024 Current assets 44,914 44,915 95.6% 0.0% Cash and deposits 18,653 16,439 35.0% -11.9% Real estate for sale in process 10,64
Slide 24: Overview of the Dear Life Group's Businesses
Overview of the Dear Life Group’s Businesses 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） 2025 DEAR LIFE All righ
Slide 25: 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） 2025 DEAR LIFE All rights reserved. 25
Slide 26: Residential development, construction, rental and brokerage in Shinagawa and Ota wards
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） 2025 DEAR LIFE All rights reserved. 26
Slide 27: 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） 2025 DEAR LIFE All rights reserved. 27
Slide 28: 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） 2025 DEAR LIFE All rights reserved. 28
Slide 29: 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 avai