ARE Holdings, Inc. (FRA:A19)

ARE Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	504,093	506,211	322,253	292,449	192,442	164,776
Revenue Growth (YoY)	22.74%	57.08%	10.19%	51.97%	16.79%	21.55%
Cost of Revenue	468,676	477,267	300,895	262,993	157,783	131,962
Gross Profit	35,417	28,944	21,358	29,456	34,659	32,814
Selling, General & Admin	7,528	7,506	7,174	6,501	6,984	6,565
Research & Development	503	503	428	407	358	320
Other Operating Expenses	-762	-104	1	-43	120	-18
Operating Expenses	7,845	8,481	8,166	8,095	7,821	7,245
Operating Income	27,572	20,463	13,192	21,361	26,838	25,569
Interest Expense	-1,431	-194	-167	-134	-116	-84
Interest & Investment Income	-	302	299	90	7	4
Earnings From Equity Investments	1,838	1,931	-	-616	207	285
Currency Exchange Gain (Loss)	210	210	781	376	611	131
Other Non Operating Income (Expenses)	1	1	-	-1,527	-	-
EBT Excluding Unusual Items	28,190	22,713	14,105	19,550	27,547	25,905
Merger & Restructuring Charges	-441	-441	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-1,354	-	959
Gain (Loss) on Sale of Assets	70	70	-25	-143	-116	-670
Asset Writedown	-1,859	-1,859	-1,653	-2,001	-1,060	-58
Pretax Income	25,960	20,483	12,427	16,052	26,371	26,136
Income Tax Expense	7,421	6,172	3,914	5,123	7,636	411
Earnings From Continuing Operations	18,539	14,311	8,513	10,929	18,735	25,725
Earnings From Discontinued Operations	-	-	15,977	-	-	-
Net Income to Company	18,539	14,311	24,490	10,929	18,735	25,725
Minority Interest in Earnings	25	8	-	-	-	-
Net Income	18,564	14,319	24,490	10,929	18,735	25,725
Net Income to Common	18,564	14,319	24,490	10,929	18,735	25,725
Net Income Growth	-28.14%	-41.53%	124.08%	-41.66%	-27.17%	161.27%
Shares Outstanding (Basic)	77	77	77	77	79	79
Shares Outstanding (Diluted)	85	86	86	87	89	80
Shares Change (YoY)	-0.87%	-0.31%	-0.74%	-1.74%	11.11%	0.54%
EPS (Basic)	242.30	187.13	319.53	141.18	238.11	326.89
EPS (Diluted)	218.96	169.95	286.99	128.71	214.12	322.92
EPS Growth	-27.75%	-40.78%	122.97%	-39.89%	-33.69%	159.85%
Free Cash Flow	-55,313	7,262	5,036	32,338	2,700	-38,494
Free Cash Flow Per Share	-647.04	84.38	58.33	371.81	30.50	-483.19
Dividend Per Share	40.000	80.000	90.000	90.000	90.000	85.000
Dividend Growth	-52.94%	-11.11%	-	-	5.88%	30.77%
Gross Margin	7.03%	5.72%	6.63%	10.07%	18.01%	19.91%
Operating Margin	5.47%	4.04%	4.09%	7.30%	13.95%	15.52%
Profit Margin	3.68%	2.83%	7.60%	3.74%	9.74%	15.61%
Free Cash Flow Margin	-10.97%	1.44%	1.56%	11.06%	1.40%	-23.36%
EBITDA	30,311	23,227	16,824	24,674	29,527	28,107
EBITDA Margin	6.01%	4.59%	5.22%	8.44%	15.34%	17.06%
D&A For EBITDA	2,739	2,764	3,632	3,313	2,689	2,538
EBIT	27,572	20,463	13,192	21,361	26,838	25,569
EBIT Margin	5.47%	4.04%	4.09%	7.30%	13.95%	15.52%
Effective Tax Rate	28.59%	30.13%	31.50%	31.91%	28.96%	1.57%
Advertising Expenses	-	113	145	73	61	59

Source: S&P Global Market Intelligence. Standard template. Financial Sources.