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Dear Life Co., Ltd. ( (JP:3245) ) has provided an announcement.
Dear Life Co., Ltd. has acquired land in Nakamachi, Itabashi Ward, Tokyo, for a new condominium project, funded through a mix of internal capital and bank borrowings. The site is located within walking distance of Nakaitabashi and Oyama stations on the Tobu Tojo Line, underscoring the company’s continued focus on transit-accessible urban residential locations.
The planned Nakaitabashi Project will be an eight-story reinforced concrete condominium building with 69 units and a total floor area of approximately 2,670 square meters, though specific plan details may still change. Revenue from this development is expected to contribute mainly to sales in the fiscal year ending September 30, 2028, with minimal impact on current-year results, indicating a longer-term pipeline build rather than an immediate earnings driver.
The most recent analyst rating on (JP:3245) stock is a Buy with a Yen1229.00 price target. To see the full list of analyst forecasts on Dear Life Co., Ltd. stock, see the JP:3245 Stock Forecast page.
More about Dear Life Co., Ltd.
Dear Life Co., Ltd. is a Japan-based real estate developer listed on the Tokyo Stock Exchange Prime Market under securities code 3245. The company focuses on condominium development, leveraging urban land acquisitions in the Tokyo area to expand its residential portfolio and generate future property sales.
Average Trading Volume: 322,014
Technical Sentiment Signal: Buy
Current Market Cap: Yen51.38B
For an in-depth examination of 3245 stock, go to TipRanks’ Overview page.