Dear Life confirms share allotment for SMBC Nikko private placement

Dear Life announced the finalization of 730,000 new shares to be issued through a private placement to SMBC Nikko Securities Inc., as approved by the board on November 25, 2025. The total amount to be paid for these shares is JPY 731,372,400, with an issue price of JPY 1,001.88 per share. This issuance will contribute JPY 365,686,200 each to capital stock and capital reserve. The application deadline is December 25, 2025, and the payment date is December 26, 2025.

This private placement is part of a broader capital raising initiative that includes a public offering, another third-party allotment to Dearness Co., Ltd., and an over-allotment sale, all resolved on November 25, 2025.

The gross proceeds from the combined general offering, parallel third-party allotment, and this specific private placement are estimated at JPY 6,747,473,600. These funds are earmarked for investment in development land and acquisition funds for income-generating real estate, as well as construction costs to support the growth of the real estate business by September 2027. Following this issuance, Dear Life's total outstanding shares will increase to 51,626,800.