Dear Life to issue new shares to fund "Catch the Wave" growth

Dear Life Co., Ltd. announced resolutions by its board of directors on November 25, 2025, to issue new shares via a public offering and a third-party allotment, as well as a secondary offering of shares. The public offering will comprise up to 4,890,000 shares of common stock, while a concurrent third-party allotment to Dearness Co., Ltd., the asset management company of president Yukihiro Abe, will involve 1,110,000 shares. Additionally, a secondary offering by way of overallotment will include up to 730,000 shares.

The total estimated net proceeds, capped at 7,173,535,000 yen, are slated for full allocation by September 2027 towards acquiring development land, income-generating real estate, and construction costs. This capital injection is intended to drive further profit growth in the real estate business and strengthen the company's financial base. The share issuance aims to support Dear Life's "Catch the Wave" growth strategy, focusing on expanding urban residential development and real estate acquisition projects.