Dear Life acquires income-producing property in Tokyo's Tabata district
DEAR LIFE CO., LTD. announced today, November 6, 2025, its acquisition of a new income-producing property, tentatively named DeLCCS Tabata III, located in Tabata, Kita-ku, Tokyo. This reinforced concrete building, with four floors above ground, spans 334.90 m² and will serve as both office space and condominiums. Its prime location is a one-minute walk from Tabata Station, offering direct access to major business and commercial hubs like Ikebukuro, Ueno, Shinjuku, and Tokyo Station.
The acquisition was funded through a combination of internal capital and borrowings from financial institutions. Due to a confidentiality agreement, the seller's identity and the purchase price were not disclosed. Dear Life confirmed no capital, personnel, or business relationships exist between the company and the seller, and no issues regarding the seller's attributes were identified.
As the property is currently leased, Dear Life anticipates a minimal impact on its consolidated financial results for the current fiscal year ending September 30, 2026. The company committed to making a prompt announcement should any material impact on its financial results become evident.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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