Dear Life acquires leased income property in central Tokyo

The latest update is out from Dear Life Co., Ltd. ( (JP:3245) ).

Dear Life Co., Ltd. has acquired a new income-producing property, tentatively named DeLCCS Suitengu-mae, located in Nihonbashi-Kakigaracho in Tokyo’s Chuo Ward, a short walk from several Tokyo Metro stations. The seven-story reinforced concrete building, with a floor area of about 1,199 square meters, is designed for clinic and condominium use and was financed through a mix of internal funds and bank borrowings.

The seller’s identity and purchase price were not disclosed due to a confidentiality agreement, though the company noted no special capital or business relationship with the seller. As the property is already leased, Dear Life expects the resulting rental income to have only a minimal impact on consolidated results for the fiscal year ending September 30, 2026, but indicated it will disclose any material change in its earnings outlook if one emerges.

More about Dear Life Co., Ltd.

Dear Life Co., Ltd. is a Japan-based real estate company listed on the Tokyo Stock Exchange Prime Market under securities code 3245. The company focuses on acquiring, developing, and managing income-producing properties, particularly residential and mixed-use assets, to generate stable rental income in urban markets such as central Tokyo.

Average Trading Volume: 277,693

Technical Sentiment Signal: Buy

Current Market Cap: Yen50.6B

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