ARE Holdings, Apr-Dec (Cumulative 3Q) Net Income Increases by 60%, Oct-Dec Net Income Increases by 2.6 times

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Wed Jan 29, 2025 3:30 pm JST Earnings

5857 ARE Holdings, Inc. 【IFRS】

Earnings Report

ARE Holdings, Inc. <5857> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 11.3 billion yen, an increase 60.4% compared to the same period last year. The progress rate toward the full-year plan of 13.1 billion yen was 86.6%, also surpassing the five-year average of 61.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to significant drop 89.9% from the same period last year to 1.76 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.6 times that of the same period last year, reaching 4.78 billion yen. The operating profit margin improved from 2.8% in the same period last year to 4.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	205,827	17,506	14,380	10,174	131.0	113.7	Jan 31, 2023	IFRS
Apr - Dec, 2023	223,307	7,912	7,950	7,097	92.6	64.0	Jan 31, 2024	IFRS
Apr - Dec, 2024	372,969	14,686	15,337	11,385	148.8	87.1	Jan 29, 2025	IFRS
YoY	+67.0%	+85.6%	+92.9%	+60.4%	+60.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	178,027	6,667	6,528	19,231	250.9	45	Apr 25, 2024	IFRS
Oct - Mar, 2024 Guidance	239,643	9,683	9,208	6,544	85.4	40	Oct 30, 2024	IFRS
YoY	+34.6%	+45.2%	+41.1%	-66.0%	-66.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	274,209	16,282	12,649	10,929	141.2	90	Apr 27, 2023	IFRS
Mar, 2024	322,253	12,367	12,426	24,490	319.5	90	Apr 25, 2024	IFRS
Mar, 2025 Guidance	480,000	18,000	17,600	13,148	171.6	80	Oct 30, 2024	IFRS
YoY	+49.0%	+45.5%	+41.6%	-46.3%	-46.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	79,081	2,212	2,052	1,838	24.0	2.8	Jan 31, 2024	IFRS
Jan - Mar, 2024	98,946	4,455	4,476	17,393	226.9	4.5	Apr 25, 2024	IFRS
Apr - Jun, 2024	92,300	3,617	3,796	3,197	41.8	3.9	Jul 31, 2024	IFRS
Jul - Sep, 2024	148,057	4,700	4,596	3,407	44.6	3.2	Oct 30, 2024	IFRS
Oct - Dec, 2024	132,612	6,369	6,945	4,781	62.5	4.8	Jan 29, 2025	IFRS
YoY	+67.7%	+187.9%	+238.5%	+160.1%	+160.6%