Overview
Real Estate

DEAR LIFE CO.,LTD.

Dear Life operates two core business segments: Real Estate (Lifestate) and Sales Promotion. The Real Estate segment focuses on development, investment, and management of urban residential properties (primarily compact rental apartments targeting singles and DINKS) and commercial assets in central Tokyo and surrounding areas, along with value-add strategies, asset design & resale, and solution services for investors, REITs, and corporate clients. The Sales Promotion segment provides staffing and dispatch services specializing in the real estate, insurance, and financial industries, including model room sales staff, leasing support personnel, and outbound insurance sales consultants.

Market Cap
¥47.8B
US$305M
EV
¥59.7B
US$381M
Stock¥950▲+0.85%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.3
x
LTM EV/EBIT
7.8
x
LTM PER
9.3
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
47.8BUS$305MMarket Cap33.3BUS$213M+ Debt20.1BUS$128M− Cash1.69BUS$10.8M− Inv. Sec.0.40BUS$2.52M+ NCI59.7BUS$381MEV
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Performance & Balance
Revenue 5Y (¥B)
26.4US$168M'21/951.9US$331M'22/943.5US$277M'23/946.9US$299M'24/978.5US$501M'25/9
EBITDA 5Y (¥B)
4.06US$25.9M'21/95.90US$37.6M'22/96.32US$40.3M'23/94.95US$31.6M'24/98.08US$51.5M'25/9
Net Income 5Y (¥B)
2.69US$17.1M'21/94.20US$26.8M'22/94.30US$27.4M'23/93.17US$20.2M'24/95.32US$33.9M'25/9
Capital Structure
51%
49%
EquityD/E 0.98xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
15.4US$98.5M9.82US$62.6M'21/920.6US$131M11.9US$75.6M'22/922.8US$145M13.9US$88.4M'23/919.7US$126M18.9US$120M'24/928.2US$180M15.2US$96.7M'25/9
Shareholders
Top 10 hold 52.5%
1
Dianes Ltd.
34.36%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.03%
3
Yukihiro ABE
2.17%
4
Custody Bank of Japan, Ltd. (Trust Account)
1.80%
5
BNUMSANV RE BNYMSANVGC RE GCM CLIENT ACC GCS RD JP EQ (Standing Proxy: MUFG Bank, Ltd.)
1.68%
6
SBI SECURITIES Co., Ltd.
1.03%
7
Daiwa Securities Co. Ltd.
0.71%
8
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.62%
9
BNP PARIBAS NEW YORK BRANCH - PRIME BROKERAGE CLIEARANCE ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
0.58%
10
Central Tanshi Co., Ltd.
0.56%
Management
17 officers
Yukihiro ABE
Representative Director, President
Nov 2004 Founded the Company; appointed Representative Director, President May 2009 Representative Director, President, Palma Co., Ltd. Feb 2014 Director, Palma Co., Ltd. Dec 2016 Director, Chairman, Palma Co., Ltd. (current) Jan 2021 Representative Director, Chairman, N-STAFF Co., Ltd. (now Arcier Co., Ltd.) (current) Oct 2021 Representative Director, ID Co., Ltd. (current) Representative Director, ID Property Co., Ltd. (current)
1968-02-20
Hiroshi AOKI
Director, Head of Strategic Development Office
Sep 2005 Joined the Company Dec 2005 Director, the Company May 2009 Director, Palma Co., Ltd. Dec 2015 Director, Deputy Head of Real Estate Unit, the Company Dec 2017 Director, Head of Real Estate Unit, the Company Dec 2020 Assistant to the President, the Company Oct 2022 General Manager, Real Estate Unit 3, the Company Dec 2022 Director, General Manager, Real Estate Unit 3, the Company; Director, ID Co., Ltd. (current); Director, ID Property Co., Ltd. (current) Oct 2024 Director, Assistant Head of Real Estate Unit 3, the Company Oct 2025 Director, Head of Strategic Development Office, the Company (current)
1970-06-06
Shin GODA
Director, Head of Business Promotion Office and Deputy Head of Real Estate Unit 1
Nov 2004 Joined Realink Co., Ltd. Aug 2007 Joined the Company Oct 2017 Executive Officer, General Manager, Business Promotion Department, Real Estate Unit, the Company Oct 2018 Managing Executive Officer, General Manager, Business Promotion Department, Real Estate Unit, the Company Apr 2020 Senior Managing Executive Officer, Deputy Head of Real Estate Unit, the Company Oct 2020 Senior Managing Executive Officer, Head of Real Estate Unit, the Company Dec 2020 Director, Head of Real Estate Unit, the Company Oct 2021 Director, ID Co., Ltd.; Director, ID Property Co., Ltd. Oct 2022 Director, Head of Real Estate Unit 1, the Company Oct 2025 Director, Head of Business Promotion Office and Deputy Head of Real Estate Unit 1, the Company (current)
1980-09-08
Ryu YOKOSUKA
Director, Head of Real Estate Unit 2
Apr 2003 Joined Raesam Research Co., Ltd. (now Raesam Co., Ltd.) Sep 2008 Joined the Company Oct 2017 Executive Officer, General Manager, Investment Management Department, Real Estate Unit, the Company Oct 2018 Managing Executive Officer, General Manager, Investment Management Department, Real Estate Unit, the Company Oct 2020 Senior Managing Executive Officer, Assistant Head of Real Estate Unit, the Company Dec 2020 Director, Deputy Head of Real Estate Unit, the Company Oct 2021 Director, ID Co., Ltd.; Director, ID Property Co., Ltd. Oct 2022 Director, Head of Real Estate Unit 2, the Company (current)
1976-07-07
Seijiro AKITA
Director, Head of Corporate Strategy Unit
Jul 2005 Joined Agat Consulting Co., Ltd. Dec 2009 Joined Berex Co., Ltd. Mar 2015 Joined the Company Oct 2017 Executive Officer, Deputy Head of Corporate Strategy Unit, the Company Oct 2018 Managing Executive Officer, Deputy Head of Corporate Strategy Unit, the Company Dec 2019 Director, Head of Corporate Strategy Unit, the Company (current) Jan 2021 Director, N-STAFF Co., Ltd. (now Arcier Co., Ltd.) (current) Oct 2021 Director, ID Co., Ltd. (current); Director, ID Property Co., Ltd. (current)
1974-01-09
Shuji IMAMURA
Director, Head of Real Estate Unit 3
Apr 1995 Joined Nichimen Corporation (now Sojitz Corporation) Sep 2002 Joined Velox Asset Management Corp. May 2007 Joined Rubicon Asset Management Co., Ltd. Nov 2007 Representative Director, Rubicon Asset Management Co., Ltd. Oct 2008 Joined Velox Asset Management Corp. Jul 2017 Japan Representative, Velox Asset Management Corp. Dec 2020 Joined Sou Two Co., Ltd. Oct 2021 Director, ID Co., Ltd. (current); Director, ID Property Co., Ltd. (current) Nov 2021 Joined the Company; Assistant to the President Dec 2021 Director, the Company Oct 2022 Director, Head of Real Estate Unit 3, the Company (current)
1972-01-14
Hiroko SUGIMOTO
Director
Mar 2005 Joined the Company Aug 2009 Head of Sales Promotion Unit, the Company Dec 2014 Director, the Company (current) Jul 2018 Vice President, Director, Dia Life Agency Co., Ltd. (now Arcier Co., Ltd.) Jan 2021 Director, DLX Holdings Co., Ltd. (now Arcier Co., Ltd.) (current)
1961-11-08
Katsuya KARASUYAMA
Director, General Manager, Design Department
Mar 1993 Joined Architects Co., Ltd. (Yugen Kaisha) Mar 2002 Joined Yakumo Construction Co., Ltd. Aug 2009 Joined Yoshioka Koumuten Co., Ltd. Apr 2015 Joined Kikuchi Construction Co., Ltd. Sep 2017 Joined Nihon Jutaku Co., Ltd. Dec 2020 Joined Seiwa Corporation Co., Ltd. Jun 2021 Joined the Company; Head of Design Office Oct 2025 Executive Officer, General Manager, Design Department, the Company (current)
1972-04-25
Haruka SUZUKI
Director, Head of Real Estate Unit 1
Apr 2017 Joined the Company Oct 2021 General Manager, Real Estate Unit, the Company Oct 2025 Executive Officer, Head of Real Estate Unit 1, the Company (current)
1993-09-22
Miho YOKOYAMA
Outside Director
Apr 1993 Joined Cargill Japan K.K. Dec 2006 Seconded to Carval Investors Pte. Ltd. Sep 2016 Passed the Japanese Bar Examination Dec 2017 Registered as attorney-at-law (Daiichi Tokyo Bar Association); Representative Attorney, Kiyomi Shimizu Law Office (current) Outside Director, the Company (current) Jun 2018 Outside Corporate Auditor, Infonet Co., Ltd. (current) Jun 2021 Outside Director, Starflyer Inc. Mar 2022 Outside Director, Japan Power Fastening Co., Ltd. (current) May 2022 Director (Audit and Supervisory Committee Member), RPA Holdings Inc. (now Open Group Inc.) (current) Jun 2024 Chairman of the Board, Director, Starflyer Inc. (current)
1970-06-02
Tenshin ITO
Outside Director
Apr 1991 Joined Seiyo Kankyo Kaihatsu Co., Ltd. Jul 1999 Joined Da Vinci Advisors Co., Ltd. (now DA Holdings Co., Ltd.) Apr 2001 Joined Morgan Stanley Property Co., Ltd. Jul 2003 Joined Morgan Stanley Japan Ltd. (now Morgan Stanley MUFG Securities Co., Ltd.) Dec 2003 Joined Mitsubishi UFJ Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Aug 2006 Joined MK Capital Management Co., Ltd. (now Idera Capital Management Ltd.) Aug 2013 Joined Tosei Corporation Sep 2013 Director, I.T. Corporation (current) Jul 2017 Representative Director, President, M&G Real Estate Japan K.K. Feb 2020 Senior Managing Director, Cool Investments Co., Ltd. (current) Dec 2020 Outside Director, the Company (current)
1968-12-02
Kyoko HAMADA
Outside Director
Apr 1991 Joined Mitsui Fudosan Co., Ltd. Sep 1998 Joined NOC Japan Outsourcing Co., Ltd. (now NOC Outsourcing & Consulting Co., Ltd.) Dec 2005 Joined Business Net Corporation Jun 2009 Opened Kyoko Hamada Social Insurance and Labor Consultant Office (now Equip Social Insurance and Labor Consultants Corporation) Jan 2013 Representative Director, Equip Consulting Co., Ltd. (current) Jun 2016 Designated Partner, Equip Social Insurance and Labor Consultants Corporation (current) Mar 2018 Outside Corporate Auditor, Golf Digest Online Inc. Apr 2018 Member, Tokyo Dispute Coordination Committee, Tokyo Labour Bureau (current) Dec 2023 Outside Director, the Company (current)
1968-12-26
Yasuhiro MOTOHASHI
Full-time Corporate Auditor
Apr 1980 Joined Tokai Bank, Ltd. (now MUFG Bank, Ltd.) Mar 1995 Seconded to Tokai International Securities; Head of Bond Department Jun 2000 Branch Manager, Ebara Branch, the same bank Jul 2005 Branch Manager, Azabu Branch, UFJ Bank Ltd. (now MUFG Bank, Ltd.) Jan 2008 Branch Manager, Nagoya Ekimae Branch, MUFG Bank, Ltd. Aug 2011 Deputy General Manager, Business Planning Department, Gokoh Building Co., Ltd. Jun 2017 Managing Executive Officer, the same company Jul 2019 Adviser, the same company Dec 2022 Full-time Corporate Auditor, the Company (current)
1956-12-03
Kaisuke ABE
Corporate Auditor
Sep 2001 Joined Asahi Audit Corporation (now Ernst & Young ShinNihon LLC) May 2006 Registered as Certified Public Accountant Feb 2007 Founded Kaisuke Abe CPA Office (current) Feb 2007 Designated Partner, Hibiscus Audit Corporation Dec 2007 Corporate Auditor, the Company (current) Jun 2009 Designated Partner, Meijidori Tax Corporation (current) Jun 2015 Outside Corporate Auditor, Ubiquitous Inc. (now Ubiquitous AI Inc.) Jun 2019 Outside Director, Ubiquitous AI Corporation (now Ubiquitous AI Inc.) (current) Jul 2025 Designated Partner, UHY Tokyo Audit Corporation (current)
1974-05-15
Kazunori BABA
Corporate Auditor
Apr 1990 Joined Sumitomo Corporation Sep 1993 Joined Housing and Urban Development Corporation (now Urban Renaissance Agency) Dec 2001 Joined Shinso Audit Corporation Jan 2005 Joined Shinso Tax Corporation Feb 2006 Registered as Certified Tax Accountant Sep 2006 Joined Kyoritsu Co., Ltd. Sep 2007 Founded Kazunori Baba Tax Accountant Office (current) May 2008 Corporate Auditor, the Company (current) Jul 2012 Representative Partner, Sakuragaoka Accountants Limited Liability Partnership (current) Jun 2019 Vice Chairman, Shibuya Branch, Tokyo Tax Accountants' Association Jun 2019 Director, Shibuya Tax Accountants' Hall Co., Ltd. Jun 2023 Director, Tokyo Tax Accountants' Association (current)
1965-09-01
Yasuhiro TAKEHARA
Director
Apr 1982 Joined Mitsui Fudosan Co., Ltd. Apr 2002 Group Manager, Business Management Group, Building Business Division, the same company Apr 2006 Group Manager, Sales Group, Commercial Facilities Division, the same company Apr 2008 Group Manager, General Affairs Group, General Affairs Department, the same company Apr 2012 Executive Officer, Mitsui Fudosan Realty Co., Ltd. Apr 2019 Representative Director, President, Resident First Co., Ltd. Jun 2025 Adviser, Toshin Partners Co., Ltd. (current); Adviser, HW Consulting Co., Ltd. (current) Jul 2025 Adviser, Kuma Capital Management Co., Ltd. (current); Adviser, Intercontec Co., Ltd. (current)
1960-04-01
Hiroyuki KIMURA
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Nomura Real Estate Development Co., Ltd. Jun 2002 General Manager, Accounting Department, the same company Dec 2008 Director, NREG Toshiba Real Estate Co., Ltd. (now Nomura Real Estate Development Co., Ltd.) Jun 2009 Director, General Manager, Finance Department (part-time), Nomura Real Estate Holdings, Inc. Apr 2010 Representative Director, President, Nomura Real Estate Investment Management Co., Ltd. Apr 2013 Director and Managing Executive Officer, Nomura Real Estate Development Co., Ltd. Jun 2014 Director and Executive Officer, Chief Financial Officer (CFO), Nomura Real Estate Holdings, Inc. Apr 2017 Director and Executive Officer, Group CFO, the same company Apr 2019 Representative Director, Executive Vice President, Nomura Real Estate Investment Advisory Co., Ltd. Apr 2021 Corporate Auditor, Nomura Real Estate Development Co., Ltd. Jun 2021 Director (Audit and Supervisory Committee Member), Nomura Real Estate Holdings, Inc. Oct 2025 Adviser, Fukuda & Partners Co., Ltd. (current)
1962-03-30
Large Shareholding Reports
Yugen Kaisha Dianes
2025-12-12
36.05%→33.98%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 34.36%
Yugen Kaisha Dianes
2025-12-11
36.05%→33.98%
Annual report (as of 2026-03-31): 34.36%
Yugen Kaisha Dianes
2025-12-04
36.05%→36.05%
Annual report (as of 2026-03-31): 34.36%
Yugen Kaisha Dianes
2025-12-02
35.44%→36.05%
Annual report (as of 2026-03-31): 34.36%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-12
Semi-Annual Securities Report
Period: Oct 2025 – Mar 2026
TDnet
2026-02-06
Q1 Earnings Flash
FY ending Sep 2026
EDINETAmended
2025-12-25
Amended Securities Registration Statement
EDINET
2025-12-23
Securities Registration Statement
EDINETAmended
2025-12-23
Amended Securities Registration Statement
EDINET
2025-12-16
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-12-16
Amended Securities Registration Statement
EDINETAmended
2025-12-12
Change Report
EDINET
2025-12-11
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINETAmended
2025-12-03
Amended Securities Registration Statement
EDINETAmended
2025-12-03
Amended Securities Registration Statement
EDINET
2025-12-02
Large Shareholding Report
EDINETAmended
2025-11-25
Amended Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINETAmended
2025-11-25
Amended Annual Securities Report
Period: Oct 2020 – Sep 2021
EDINETAmended
2025-11-25
Amended Annual Securities Report
Period: Oct 2021 – Sep 2022
EDINET
2025-11-25
Securities Registration Statement
EDINET
2025-11-25
Securities Registration Statement
EDINETAmended
2025-11-25
Amended Annual Securities Report
Period: Oct 2023 – Sep 2024
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-09
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-07
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-19
Securities Registration Statement
EDINET
2024-12-19
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Oct 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-21
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
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