Dear Life sets pricing for share issuance and offering

Dear Life has finalized the pricing for its public share issuance, third-party allotment, and share offering, as resolved by its board of directors on November 25, 2025. The issue price for the public offering is 1,045 yen per share, totaling 5,110,050,000 yen, with a paid-in amount of 1,001.88 yen per share. This will result in an increase of 2,449,596,600 yen each for capital stock and capital reserve. The application period is December 4, 2025, with the payment date set for December 10, 2025.

Additionally, a third-party allotment to Dearness Co., Ltd. will occur at 1,045 yen per share, bringing the total paid-in amount to 1,159,950,000 yen. This allotment will increase capital stock and capital reserve by 579,975,000 yen each. The application period for this allotment is also December 4, 2025, with the payment date on December 10, 2025.

The offering includes 730,000 shares at 1,045 yen per share, totaling 762,850,000 yen. SMBC Nikko Securities Inc. will receive a third-party allotment of new shares at 1,001.88 yen per share, with an upper limit of 731,372,400 yen, contributing up to 365,686,200 yen each to capital stock and capital reserve. The estimated total proceeds of up to 6,747,473,600 yen from these capital-raising activities are earmarked for the acquisition of development land, revenue-generating properties, and construction funds for the real estate business by September 2027.