DEAR LIFE CO.,LTD.3245

Results over the years

From the five-year summary in the latest annual report (consolidated where available). Operating profit is shown only for the two years the report tags.

Why the market may be pricing it low

• The market views it as a property-trading firm whose quarterly results swing sharply depending on when deals close.

  リアルエステート事業の売上高の動向により当社グループ全体の業績も大きく変動する可能性があり、特に四半期毎の経営成績においては、物件売却の有無により売上高および利益が短期的に偏る可能性がありますRisk factors

• A founder-family holding company owns over a third of shares, giving it a closely-held profile that limits market appeal.

  有限会社ディアネス 37.2%Shareholders

What could close the gap

• Strategic M&A investments led by the CEO-direct M&A office materializing into a concrete new growth story.

  代表取締役直轄組織として設立されたM&A推進室を主軸に、情報収集力の強化や、外部専門家との業務提携等の活用による投資効果の客観的評価体制を構築してまいりますManagement policy

• Stronger capital-cost-conscious management and expanded disclosure in response to the TSE request, alongside rising ROE and ROIC.

  東京証券取引所より要請の「資本コストと株価を意識した経営」につきましても当社の重要な経営課題として認識しており、ROE、ROIC等各指標の向上や一層の情報開示の充実を通してManagement policy

• Following through on the plan to raise the per-share dividend from ¥63 to ¥64.

  次期の配当につきましては、１株当たり64円の期末配当を目標にしておりますDividend policy

How a buyer could still lose (value trap)

• Ordinary profit has swung roughly 40% year to year, so this year's ¥7.8bn peak may not be sustained.

  Based on the figures below

• With over 30% of total assets funded by interest-bearing debt for land purchases, results are exposed to rising rates or tighter funding conditions.

  総資産に占める有利子負債の割合は32.0％Risk factors

Financial quality (Piotroski F-score)

• ✓Profitable (ROA > 0)
• ✓Positive operating cash flow
• ✓ROA up on last year
• ✓Cash flow exceeds net profit
• ✓Leverage down on last year
• ✓Current ratio up on last year
• ✓No new shares issued
• ✗Gross margin up on last year
• ✓Asset turnover up on last year

Scored out of the checks with data, scaled to 9. Compares the latest year with the year before.

Figures

Sales

¥78.5bn

Operating profit

¥7.7bn

Net profit

¥5.3bn

Operating cash flow

¥14.1bn

Cash

¥27.4bn

Debt

¥15.2bn

Equity

¥28.5bn

Minority interests (added to EV)

¥0.4bn

Annual report for the year to 2025-09-30