ARE Holdings Ratios and Metrics

Market cap in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jan '26 Jan 22, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Market Capitalization	289,275	151,771	148,075	154,973	178,127	166,681	Upgrade
Market Cap Growth	125.42%	2.50%	-4.45%	-13.00%	6.87%	87.18%	Upgrade
Enterprise Value	653,474	342,257	406,585	367,408	332,547	310,331	Upgrade
Last Close Price	3775.00	1926.90	1802.70	1801.74	1930.87	1733.15	Upgrade
PE Ratio	17.22	10.60	6.05	14.18	9.51	6.48	Upgrade
Forward PE	13.23	10.04	12.62	8.93	9.71	9.45	Upgrade
PS Ratio	0.57	0.30	0.46	0.53	0.93	1.01	Upgrade
PB Ratio	2.17	1.20	1.17	1.45	1.69	1.70	Upgrade
P/TBV Ratio	2.20	1.22	1.19	1.48	1.72	1.73	Upgrade
P/FCF Ratio	-	20.90	29.40	4.79	65.97	-	Upgrade
P/OCF Ratio	-	10.34	11.73	4.22	16.04	-	Upgrade
PEG Ratio	1.21	4.92	4.92	4.92	4.92	4.92	Upgrade
EV/Sales Ratio	1.30	0.68	1.26	1.26	1.73	1.88	Upgrade
EV/EBITDA Ratio	20.33	14.74	24.17	14.89	11.26	11.04	Upgrade
EV/EBIT Ratio	22.22	16.73	30.82	17.20	12.39	12.14	Upgrade
EV/FCF Ratio	-11.81	47.13	80.74	11.36	123.17	-	Upgrade
Debt / Equity Ratio	2.81	2.29	1.12	1.35	1.44	1.07	Upgrade
Debt / EBITDA Ratio	12.36	12.48	8.39	5.85	5.11	3.73	Upgrade
Debt / FCF Ratio	-	39.92	28.03	4.46	55.90	-	Upgrade
Asset Turnover	0.97	1.25	1.07	1.00	0.71	0.69	Upgrade
Inventory Turnover	8.34	11.22	8.05	5.05	2.49	2.61	Upgrade
Quick Ratio	0.97	1.03	1.44	1.38	1.09	0.95	Upgrade
Current Ratio	1.20	1.35	2.25	1.90	1.63	1.61	Upgrade
Return on Equity (ROE)	14.10%	11.32%	7.29%	10.31%	18.45%	30.79%	Upgrade
Return on Assets (ROA)	3.31%	3.17%	2.72%	4.56%	6.18%	6.73%	Upgrade
Return on Invested Capital (ROIC)	4.31%	4.34%	3.66%	6.02%	8.62%	13.76%	Upgrade
Return on Capital Employed (ROCE)	15.80%	11.40%	6.40%	13.20%	17.90%	20.40%	Upgrade
Earnings Yield	6.42%	9.44%	16.54%	7.05%	10.52%	15.43%	Upgrade
FCF Yield	-19.12%	4.78%	3.40%	20.87%	1.52%	-23.09%	Upgrade
Dividend Yield	3.27%	4.15%	4.99%	5.00%	4.66%	4.90%	Upgrade
Payout Ratio	54.74%	45.46%	28.16%	63.98%	37.77%	22.94%	Upgrade
Buyback Yield / Dilution	0.19%	0.31%	0.74%	1.74%	-11.11%	-0.54%	Upgrade
Total Shareholder Return	3.48%	4.47%	5.73%	6.73%	-6.45%	4.37%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.