ARE Holdings, Inc. (TYO:5857)

ARE Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	29,414	34,706	20,483	12,426	16,052	26,372
Depreciation & Amortization	3,180	2,978	2,764	3,632	3,313	2,689
Loss (Gain) From Sale of Assets	-	494	2,038	800	1,338	287
Loss (Gain) on Equity Investments	-1,996	-1,857	-1,931	-	616	-207
Other Operating Activities	-21,595	-5,296	13,159	961	-1,622	-8,515
Change in Accounts Receivable	21,056	46,295	-183,858	13,587	-1,863	-37,647
Change in Inventory	-52,496	-71,191	-17,242	6,555	22,511	-65
Change in Accounts Payable	-20,881	-110,263	178,214	-13,607	-849	32,705
Change in Other Net Operating Assets	-	4,749	1,058	-35,368	-2,742	-4,516
Operating Cash Flow	-42,824	-99,385	14,685	12,621	36,754	11,103
Operating Cash Flow Growth	-	-	16.35%	-65.66%	231.03%	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-6,615	-8,335	-7,423	-7,585	-4,416	-8,403
Sale of Property, Plant & Equipment	2,269	2,123	218	86	74	16
Divestitures	-	-	-	-7,550	2,491	-
Sale (Purchase) of Intangibles	-728	-814	-299	-832	-714	-354
Investment in Securities	2	105	-111	2,728	-2,666	48
Other Investing Activities	-2,562	-2,493	-	-546	1,296	873
Investing Cash Flow	-1,264	-349	250	-28,707	-3,935	-7,820

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	23,741	72	-	-	-
Long-Term Debt Issued	-	79,993	6,000	14,281	6,924	13,783
Total Debt Issued	112,438	103,734	6,072	14,281	6,924	13,783
Short-Term Debt Repaid	-	-	-	-	-19,290	-10,664
Long-Term Debt Repaid	-	-3,984	-5,000	-	-	-
Total Debt Repaid	-59,134	-3,984	-5,000	-	-19,290	-10,664
Net Debt Issued (Repaid)	53,304	99,750	1,072	14,281	-12,366	3,119
Issuance of Common Stock	-	-	325	-	-	172
Repurchase of Common Stock	-	-	-1,000	-	-4,106	-1,785
Common Dividends Paid	-10,187	-7,662	-6,510	-6,897	-6,992	-7,077
Other Financing Activities	-208	-210	-94	-334	-354	-473
Financing Cash Flow	42,909	91,878	-6,207	7,050	-23,818	-6,044

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	1,723	637	1,945	-2,034	2,824	-1,134
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-1	-
Net Cash Flow	543	-7,219	10,674	-11,070	11,824	-3,895

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-49,439	-107,720	7,262	5,036	32,338	2,700
Free Cash Flow Growth	-	-	44.20%	-84.43%	1097.70%	-
Free Cash Flow Margin	-7.85%	-18.90%	1.44%	1.56%	11.06%	1.40%
Free Cash Flow Per Share	-570.42	-1249.77	84.38	58.33	371.81	30.50
Levered Free Cash Flow	-27,643	3,401	-125,653	-14,069	20,302	-42,948
Unlevered Free Cash Flow	-26,119	4,757	-125,532	-13,965	20,386	-42,875

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	2,043	1,642	220	130	134	87
Cash Income Tax Paid	10,380	6,480	4,727	1,515	3,385	10,259
Change in Working Capital	-52,321	-130,410	-21,828	-28,833	17,057	-9,523

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 4, 2026

Data Sources Report a data error