DEAR LIFE Acquires Revenue-Generating Real Estate Near Tokyo Stations

TOKYO, Jun 26 (Pulse News Wire) – Dear Life CO.,LTD. (3245.T) announced today the acquisition of revenue-generating real estate located near JR Yamanote Line's Nippori Station and JR Joban Line's Mikawashima Station.

The property, named DeLCCS Nippori (provisional name), is situated within walking distance to major stations such as Ikebukuro, Ueno, Shinjuku, and Tokyo, offering excellent accessibility to business and commercial areas. The site features proximity to Nippori Park, known for its natural scenery and educational opportunities, and is surrounded by small shops and convenience stores along Ootakebashicho Street, enhancing its living convenience. Additionally, the area around Mikawashima Station is undergoing redevelopment, expected to complete by fiscal year 2026, which will likely increase population density, enhance commercial activity, and boost land value. The property spans 895.99 square meters (271.04 tsubo) and consists of a reinforced concrete structure with five underground floors.

It is designated for common residential use. The acquisition was funded through internal funds and loans from financial institutions. Dear Life plans to improve the functionality of the property through renovations and lease-ups to ensure stable income generation. However, the impact on the company’s consolidated operating profit for the current fiscal year ending September 2026 is expected to be minor.

Should any significant changes arise affecting future performance, the company will promptly inform stakeholders.