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	Sep '25 Sep 11, 2025	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	167,400	151,771	148,075	154,973	178,127	166,681	Upgrade
Market Cap Growth	-13.48%	2.50%	-4.45%	-13.00%	6.87%	87.18%	Upgrade
Enterprise Value	442,344	342,257	406,585	367,408	332,547	310,331	Upgrade
Last Close Price	2185.00	1981.00	1853.32	1852.33	1985.08	1781.81	Upgrade
PE Ratio	12.49	10.60	6.05	14.18	9.51	6.48	Upgrade
Forward PE	10.04	10.04	12.62	8.93	9.71	9.45	Upgrade
PS Ratio	0.30	0.30	0.46	0.53	0.93	1.01	Upgrade
PB Ratio	1.19	1.20	1.17	1.45	1.69	1.70	Upgrade
P/TBV Ratio	1.20	1.22	1.19	1.48	1.72	1.73	Upgrade
P/FCF Ratio	33.55	20.90	29.40	4.79	65.97	-	Upgrade
P/OCF Ratio	11.39	10.34	11.73	4.22	16.04	-	Upgrade
PEG Ratio	-	4.92	4.92	4.92	4.92	4.92	Upgrade
EV/Sales Ratio	0.80	0.68	1.26	1.26	1.73	1.88	Upgrade
EV/EBITDA Ratio	16.35	14.74	24.17	14.89	11.26	11.04	Upgrade
EV/EBIT Ratio	18.18	16.73	30.82	17.20	12.39	12.14	Upgrade
EV/FCF Ratio	88.66	47.13	80.74	11.36	123.17	-	Upgrade
Debt / Equity Ratio	2.08	2.29	1.12	1.35	1.44	1.07	Upgrade
Debt / EBITDA Ratio	11.58	12.48	8.39	5.85	5.11	3.73	Upgrade
Debt / FCF Ratio	58.54	39.92	28.03	4.46	55.90	-	Upgrade
Asset Turnover	1.24	1.25	1.07	1.00	0.71	0.69	Upgrade
Inventory Turnover	9.25	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	1.27	1.35	2.25	1.90	1.63	1.61	Upgrade
Return on Equity (ROE)	10.88%	11.32%	7.29%	10.31%	18.45%	30.79%	Upgrade
Return on Assets (ROA)	3.16%	3.17%	2.72%	4.56%	6.18%	6.73%	Upgrade
Return on Capital (ROIC)	3.67%	3.74%	3.18%	5.26%	7.31%	8.02%	Upgrade
Return on Capital Employed (ROCE)	13.70%	11.40%	6.40%	13.20%	17.90%	20.40%	Upgrade
Earnings Yield	8.82%	9.44%	16.54%	7.05%	10.52%	15.43%	Upgrade
FCF Yield	2.98%	4.78%	3.40%	20.87%	1.52%	-23.09%	Upgrade
Dividend Yield	3.66%	4.04%	4.86%	4.86%	4.53%	4.77%	Upgrade
Payout Ratio	41.52%	45.46%	28.16%	63.98%	37.77%	22.94%	Upgrade
Buyback Yield / Dilution	0.31%	0.31%	0.74%	1.74%	-11.11%	-0.54%	Upgrade
Total Shareholder Return	3.98%	4.35%	5.59%	6.60%	-6.58%	4.23%	Upgrade

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