Earnings Presentation Materials for the Second Quarter of the Fiscal Year Ending September 2026 | DEAR LIFE CO.,LTD. (3245) timely disclosure

Worth reading

45Recurring

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Deterioration

Direction inferred from the company’s description.

Scale

1555

¥ million (year-on-year decrease in ordinary profit)

Wording

Conditional

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsSecond quarter (interim period) of the fiscal year ending September 20267 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥13,986 million-46.6%

Operating profit¥405 million-79.5%

Ordinary income¥509 million-75.3%

Net income¥302 million-78.4%

Selling, general and administrative expenses¥1,559 million

Full-year earnings forecast

Ordinary income

¥10,000 million

Net income attributable to owners of the parent

¥6,800 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Real estate acquisitions and development investment-357

Borrowings for property acquisitions and other purposes276

Cash recovery from real estate sales98

Profit before income taxes for the period5

Equity financing through share issuance68

Debt repayments associated with sales and other transactions-100

Dividend payments-27

Income tax payments-18

Other-6

New initiatives

Acquisition of income-producing real estate with potential for organic growth
Leasing, rent revisions, collaboration and value enhancement for held income-producing real estate
Cross-departmental oversight of project progress by the Business Promotion Office established in October 2025
Consideration of introducing AI into management analysis
Strengthening recruitment and training systems for temporary staff

Key KPIsA metric the company considers important as a management benchmark.

Total business scale of acquired projects (cumulative interim period)419 Hundreds of millions of yen
Year on year against the same period last year-12.7%
Balance of inventories¥42,539 million
Year on year against the same period last yearUp 153.2% from the end of the previous fiscal year
Equity ratio47.8 %
Year on year against the same period last yearDown 11.5 percentage points from the end of the previous fiscal year
EPS (interim net income per share)¥6.35
Year on year against the same period last year-80.3%
Number of development projects in progress23 Engagements
Number of income-producing real estate projects in progress53 Engagements

Segment results

Real Estate Business

Net Sales

¥11,999 million-50.5%

Segment profit

¥1,048 million-59.2%

Sales Promotion Business

Net Sales

¥1,987 million+1.9%

Segment profit

¥22 million

Medium-term management plan targets

Plan nameChallenge 2028

Target fiscal yearFiscal year ending September 2026

Ordinary income

¥10,000 million

Net income

¥6,800 million

ROE20% or higher

ROICAround 12%

Acquisition business scale of the Real Estate Business

1,200 Hundreds of millions of yen

Financial targets

ROE20% or higher (target)

ROICAround 12% (target)

Equity ratio

Track record47.8 %

Debt-to-equity ratio

Track record1.01 times

Annual Dividend

¥64 per share

BreakdownYear-end dividend of ¥64 (fiscal year ending September 2026 target)

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Second quarter (interim period) of the fiscal year ending September 2026
Net Sales	¥13,986 million (YoY -46.6%)
Operating profit	¥405 million (YoY -79.5%)
Ordinary income	¥509 million (YoY -75.3%)
Net income	¥302 million (YoY -78.4%)
Selling, general and administrative expenses	¥1,559 million
Full-year earnings forecast	Ordinary income ¥10,000 million / Net income attributable to owners of the parent ¥6,800 million
Segment results	Real Estate Business Net Sales ¥11,999 million (YoY -50.5%) / Segment profit ¥1,048 million (YoY -59.2%) / Sales Promotion Business Net Sales ¥1,987 million (YoY +1.9%) / Segment profit ¥22 million
Breakdown of Factors Affecting the Change	Increase in real estate for sale and real estate under development for sale Not disclosed / Real estate acquisitions and development investment -357 / Borrowings for property acquisitions and other purposes 276 / Cash recovery from real estate sales 98 / Profit before income taxes for the period 5 / Equity financing through share issuance 68 / Debt repayments associated with sales and other transactions -100 / Dividend payments -27 / Income tax payments -18 / Other -6
Key KPIs	Indicator name Total business scale of acquired projects (cumulative interim period) / Value 419 Hundreds of millions of yen / Year on year against the same period last year -12.7 Hundreds of millions of yen, Indicator name Balance of inventories / Value ¥42,539 million / Year on year against the same period last year Up 153.2% from the end of the previous fiscal year, Indicator name Equity ratio / Value 47.8 % / Year on year against the same period last year Down 11.5 percentage points from the end of the previous fiscal year, Indicator name EPS (interim net income per share) / Value ¥6.35 / Year on year against the same period last year ¥-80.3, Indicator name Number of development projects in progress / Value 23 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of income-producing real estate projects in progress / Value 53 Engagements / Year on year against the same period last year Not disclosed
Medium-term management plan targets	Plan name Challenge 2028 / Target fiscal year Fiscal year ending September 2026 / Ordinary income ¥10,000 million / Net income ¥6,800 million / ROE 20% or higher / ROIC Around 12% / Acquisition business scale of the Real Estate Business 1,200 Hundreds of millions of yen
Financial targets	ROE 20% or higher (target) / ROIC Around 12% (target) / Equity ratio Track record 47.8 % / Debt-to-equity ratio Track record 1.01 times
Annual Dividend	¥64 per share
New initiatives	Acquisition of income-producing real estate with potential for organic growth, Leasing, rent revisions, collaboration and value enhancement for held income-producing real estate, Cross-departmental oversight of project progress by the Business Promotion Office established in October 2025, Consideration of introducing AI into management analysis, Strengthening recruitment and training systems for temporary staff

Items this document does not state (16)

Gross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Real Estate Business posted lower revenue and profit because sales of projects were insufficient. The Sales Promotion Business secured stable revenue but posted lower profit because it increased investment in recruitment.

How to read this page

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