ARE Holdings, Inc. (TYO: 5857)

ARE Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	418,384	322,253	292,449	192,442	164,776	135,563
Revenue Growth (YoY)	34.23%	10.19%	51.97%	16.79%	21.55%	5.36%
Cost of Revenue	395,108	300,895	262,993	157,783	131,962	107,264
Gross Profit	23,276	21,358	29,456	34,659	32,814	28,299
Selling, General & Admin	8,314	7,174	6,501	6,984	6,565	6,399
Research & Development	-	428	407	358	320	350
Other Operating Expenses	149	1	-43	120	-18	-76
Operating Expenses	8,463	8,166	8,095	7,821	7,245	7,098
Operating Income	14,813	13,192	21,361	26,838	25,569	21,201
Interest Expense	-755	-167	-134	-116	-84	-2,168
Interest & Investment Income	691	299	90	7	4	23
Earnings From Equity Investments	970	-	-616	207	285	-45
Currency Exchange Gain (Loss)	-	781	376	611	131	-272
Other Non Operating Income (Expenses)	2	-	-1,527	-	-	-2
EBT Excluding Unusual Items	15,721	14,105	19,550	27,547	25,905	18,737
Gain (Loss) on Sale of Investments	-	-	-1,354	-	959	-130
Gain (Loss) on Sale of Assets	-	-25	-143	-116	-670	40
Asset Writedown	-800	-1,653	-2,001	-1,060	-58	-998
Pretax Income	14,921	12,427	16,052	26,371	26,136	17,649
Income Tax Expense	4,055	3,914	5,123	7,636	411	6,230
Earnings From Continuing Operations	10,866	8,513	10,929	18,735	25,725	11,419
Earnings From Discontinued Operations	14,969	15,977	-	-	-	-1,573
Net Income to Company	25,835	24,490	10,929	18,735	25,725	9,846
Net Income	25,835	24,490	10,929	18,735	25,725	9,846
Net Income to Common	25,835	24,490	10,929	18,735	25,725	9,846
Net Income Growth	190.44%	124.08%	-41.67%	-27.17%	161.27%	9.40%
Shares Outstanding (Basic)	77	77	77	79	79	79
Shares Outstanding (Diluted)	86	86	87	89	80	79
Shares Change (YoY)	0.14%	-0.74%	-1.74%	11.11%	0.54%	0.01%
EPS (Basic)	337.56	319.53	141.18	238.11	326.89	125.11
EPS (Diluted)	302.39	286.99	128.71	214.12	322.92	124.27
EPS Growth	184.47%	122.97%	-39.89%	-33.69%	159.86%	9.39%
Free Cash Flow	4,429	5,036	32,338	2,700	-38,494	-64,278
Free Cash Flow Per Share	51.27	58.33	371.81	30.50	-483.20	-811.17
Dividend Per Share	85.000	90.000	90.000	90.000	85.000	65.000
Dividend Growth	-5.56%	0%	0%	5.88%	30.77%	8.33%
Gross Margin	5.56%	6.63%	10.07%	18.01%	19.91%	20.88%
Operating Margin	3.54%	4.09%	7.30%	13.95%	15.52%	15.64%
Profit Margin	6.17%	7.60%	3.74%	9.74%	15.61%	7.26%
Free Cash Flow Margin	1.06%	1.56%	11.06%	1.40%	-23.36%	-47.42%
EBITDA	18,031	16,824	24,674	29,527	28,107	24,028
EBITDA Margin	4.31%	5.22%	8.44%	15.34%	17.06%	17.72%
D&A For EBITDA	3,218	3,632	3,313	2,689	2,538	2,827
EBIT	14,813	13,192	21,361	26,838	25,569	21,201
EBIT Margin	3.54%	4.09%	7.30%	13.95%	15.52%	15.64%
Effective Tax Rate	27.18%	31.50%	31.91%	28.96%	1.57%	35.30%
Advertising Expenses	-	145	73	61	59	56

Source: S&P Capital IQ. Standard template. Financial Sources.