ARE Holdings, Inc. logo

ARE Holdings, Inc.

5857.T

JPXIndustrialsWaste Management

Latest quote

¥3,975

+¥65.00 · +1.66%

Aug 24, 3:30 PM JST

5857.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

ARE Holdings, Inc. is primarily involved in the recovery and trade of valuable and uncommon metals across Japan, the broader Asian region, and North America. The company operates through two primary divisions: Precious Metals and Environmental Preservation. Within its Precious Metals segment, ARE Holdings reclaims and markets a variety of elements, including gold, silver, palladium, and platinum, which are utilized across various sectors, including electronic waste, dental applications, jewelry manufacturing, surface plating, specialized cleaning, and catalytic production. This division also undertakes the refining and processing of precious metals like gold and silver. The Environmental Preservation division focuses on recycling a wide array of industrial waste materials, including waste oils, various sludges, wood scrap, refractory materials, glass products, exhausted acids and reagents, and alkaline substances. Additionally, it manages the full cycle of industrial waste, encompassing collection, transport, and ultimate processing. Established in 1952, the company's headquarters are situated in Kobe, Japan.

Industry
Waste Management
Sector
Industrials
Headquarters
JP
CEO
Tomoya Higashiura
Listed since
Jan 4, 2001
Employees
998

Market position

52-week range

Current ¥3,975

Open
¥3,975
Previous close
¥3,910
Volume
1.21M
1.72× average
Average volume
705.81K
Average daily volume
Market cap
341.63B JPY
Beta
0.63
Market reference 1
50-day average
¥3,181.86
+24.93% above average
200-day average
¥3,424.7
+16.07% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
432.78B JPY
P/E (TTM)
11.08×
P/B (TTM)
1.52×
P/S (TTM)
0.54×
EV / EBITDA
10.57×
Earnings yield
9.40%
Free cash flow yield
-41.44%
Dividend yield
3.14%

Profitability & efficiency

Gross margin
8.19%
Operating margin
6.80%
Net margin
4.67%
Return on equity
10.60%
Return on assets
3.97%
Return on invested capital
5.67%

Financial health

Debt / equity
1.13×
Current ratio
1.94×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends20%13%7%1%Gross margin, FY2021: 18.01%Gross margin, FY2022: 10.07%Gross margin, FY2023: 6.63%Gross margin, FY2024: 5.72%Gross margin, FY2025: 7.86%Operating margin, FY2021: 14.01%Operating margin, FY2022: 7.29%Operating margin, FY2023: 4.09%Operating margin, FY2024: 4.02%Operating margin, FY2025: 6.19%Net margin, FY2021: 9.74%Net margin, FY2022: 3.74%Net margin, FY2023: 7.60%Net margin, FY2024: 2.83%Net margin, FY2025: 4.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.01%. Gross margin FY2022 10.07%. Gross margin FY2023 6.63%. Gross margin FY2024 5.72%. Gross margin FY2025 7.86%. Operating margin FY2021 14.01%. Operating margin FY2022 7.29%. Operating margin FY2023 4.09%. Operating margin FY2024 4.02%. Operating margin FY2025 6.19%. Net margin FY2021 9.74%. Net margin FY2022 3.74%. Net margin FY2023 7.60%. Net margin FY2024 2.83%. Net margin FY2025 4.29%.

Income trends

Revenue

569.99B JPY+12.60%

Operating income

35.26B JPY+73.18%

Net income

24.44B JPY+70.68%
Income trends across reported periods625.9B JPY402.27B JPY178.65B JPY−44.98B JPYRevenue, FY2021: 192.44B JPYRevenue, FY2022: 292.45B JPYRevenue, FY2023: 322.25B JPYRevenue, FY2024: 506.21B JPYRevenue, FY2025: 569.99B JPYOperating income, FY2021: 26.96B JPYOperating income, FY2022: 21.32B JPYOperating income, FY2023: 13.19B JPYOperating income, FY2024: 20.36B JPYOperating income, FY2025: 35.26B JPYNet income, FY2021: 18.74B JPYNet income, FY2022: 10.93B JPYNet income, FY2023: 24.49B JPYNet income, FY2024: 14.32B JPYNet income, FY2025: 24.44B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 192.44B JPY. Revenue FY2022 292.45B JPY. Revenue FY2023 322.25B JPY. Revenue FY2024 506.21B JPY. Revenue FY2025 569.99B JPY. Operating income FY2021 26.96B JPY. Operating income FY2022 21.32B JPY. Operating income FY2023 13.19B JPY. Operating income FY2024 20.36B JPY. Operating income FY2025 35.26B JPY. Net income FY2021 18.74B JPY. Net income FY2022 10.93B JPY. Net income FY2023 24.49B JPY. Net income FY2024 14.32B JPY. Net income FY2025 24.44B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue569.99B JPY506.21B JPY322.25B JPY292.45B JPY192.44B JPY
Cost of goods sold525.17B JPY477.27B JPY300.9B JPY262.99B JPY157.78B JPY
Gross profit44.82B JPY28.94B JPY21.36B JPY29.46B JPY34.66B JPY
Research and development472M JPY503M JPY428M JPY407M JPY358M JPY
Selling, general, and administrative8.42B JPY7.38B JPY7.09B JPY7.33B JPY6.98B JPY
Operating expenses9.57B JPY8.59B JPY8.17B JPY8.14B JPY7.7B JPY
Interest income870M JPY692M JPY1.14B JPY90M JPY619M JPY
Interest expense3.25B JPY194M JPY1.08B JPY132M JPY890M JPY
Depreciation and amortization2.98B JPY2.76B JPY3.63B JPY3.31B JPY2.69B JPY
Operating income35.26B JPY20.36B JPY13.19B JPY21.32B JPY26.96B JPY
Net income24.44B JPY14.32B JPY24.49B JPY10.93B JPY18.74B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
100.21

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates119.8590.7561.6532.55Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 30, 2024: actual 44.58, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 29, 2025: actual 62.43, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 25, 2025: actual 38.29, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 30, 2025: actual 47.51, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 29, 2025: actual 94.09, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 3, 2026: actual 113.81, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 1, 2026: actual 60.08, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 4, 2026: actual 100.21, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates205.06B167.79B130.51B93.23BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 132.61B JPY, estimate 120B JPY, surprise +10.51%, Beat. Q2 2025, reported Apr 25, 2025: actual 133.24B JPY, estimate 127.03B JPY, surprise +4.89%, Beat. Q3 2025, reported Jul 30, 2025: actual 137.12B JPY, estimate 110B JPY, surprise +24.65%, Beat. Q4 2025, reported Oct 29, 2025: actual 101.12B JPY, estimate 137.88B JPY, surprise -26.66%, Miss. Q1 2026, reported Feb 3, 2026: actual 146.42B JPY, estimate 140B JPY, surprise +4.58%, Beat. Q2 2026, reported May 1, 2026: actual 185.34B JPY, estimate 192.82B JPY, surprise -3.88%, Miss. Q3 2026, reported Aug 4, 2026: actual 197.18B JPY, estimate 187.55B JPY, surprise +5.13%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 182.82B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥100

2025 complete year+17.6% since 2021

2026 partial: ¥65.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥65.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥70.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥65.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 2, 2026

Dividend

Ex-dividend Sep 29, 2025

¥60.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 21, 2025

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 3, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Nov 15, 2024

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