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Dear Life Co., Ltd. ( (JP:3245) ) has issued an announcement.
Dear Life Co., Ltd. has acquired land in Minami-senju 3-chome in Tokyo’s Arakawa Ward, a five-minute walk from Minami-senju Station, to develop a new condominium project. The 775.88-square-meter site was funded through a mix of internal capital and bank borrowings, with seller details and purchase price withheld under a confidentiality agreement.
The planned Minami-senju II project will be a reinforced-concrete, nine-story residential building with 49 condominium units and a total floor area of about 2,049 square meters, although specific development details may change. The company expects revenue from this project to contribute partly to sales in the fiscal year ending September 30, 2028, with minimal impact on current-year results, signaling a longer-term addition to its development pipeline 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 both internal capital and external financing to expand its residential property portfolio in urban locations such as Tokyo.
Average Trading Volume: 527,581
Technical Sentiment Signal: Buy
Current Market Cap: Yen53.51B
Find detailed analytics on 3245 stock on TipRanks’ Stock Analysis page.