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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 11, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Market Capitalization	322,111	265,576	151,771	148,075	154,973	178,127
Market Cap Growth	134.88%	74.98%	2.50%	-4.45%	-13.00%	6.87%
Enterprise Value	494,977	765,121	342,257	406,585	367,408	332,547
Last Close Price	3845.00	3355.00	1891.82	1769.88	1768.94	1895.71
PE Ratio	13.39	10.87	10.60	6.05	14.18	9.51
Forward PE	12.14	11.40	10.04	12.62	8.93	9.71
PS Ratio	0.57	0.47	0.30	0.46	0.53	0.93
PB Ratio	1.40	1.15	1.20	1.17	1.45	1.69
P/TBV Ratio	1.41	1.16	1.22	1.19	1.48	1.72
P/FCF Ratio	-	-	20.90	29.40	4.79	65.97
P/OCF Ratio	-	-	10.34	11.73	4.22	16.04
PEG Ratio	-	4.92	4.92	4.92	4.92	4.92
EV/Sales Ratio	0.87	1.34	0.68	1.26	1.26	1.73
EV/EBITDA Ratio	12.20	20.02	14.74	24.17	14.89	11.26
EV/EBIT Ratio	13.17	21.72	16.73	30.82	17.20	12.39
EV/FCF Ratio	-4.60	-	47.13	80.74	11.36	123.17
Debt / Equity Ratio	0.80	0.80	2.29	1.12	1.35	1.44
Debt / EBITDA Ratio	4.79	4.79	12.48	8.39	5.85	5.11
Debt / FCF Ratio	-	-	39.92	28.03	4.46	55.90
Net Debt / Equity Ratio	0.75	0.75	2.15	1.06	1.18	1.38
Net Debt / EBITDA Ratio	4.52	4.52	11.72	7.98	5.12	4.90
Net Debt / FCF Ratio	-1.60	-1.60	37.50	26.66	3.91	53.63
Asset Turnover	1.03	1.03	1.25	1.07	1.00	0.71
Inventory Turnover	6.05	6.05	11.22	8.05	5.05	2.49
Quick Ratio	1.18	1.18	1.03	1.44	1.38	1.09
Current Ratio	1.94	1.94	1.35	2.25	1.90	1.63
Return on Equity (ROE)	13.68%	13.68%	11.32%	7.29%	10.31%	18.45%
Return on Assets (ROA)	3.98%	3.98%	3.17%	2.72%	4.56%	6.18%
Return on Invested Capital (ROIC)	4.66%	6.18%	4.34%	3.66%	6.02%	8.62%
Return on Capital Employed (ROCE)	10.40%	10.40%	11.40%	6.40%	13.20%	17.90%
Earnings Yield	7.59%	9.20%	9.44%	16.54%	7.05%	10.52%
FCF Yield	-33.44%	-40.56%	4.78%	3.40%	20.87%	1.52%
Dividend Yield	3.51%	-	4.23%	5.08%	5.09%	4.75%
Payout Ratio	31.35%	31.35%	45.46%	28.16%	63.98%	37.77%
Buyback Yield / Dilution	1.10%	1.10%	0.31%	0.74%	1.74%	-11.11%
Total Shareholder Return	4.29%	1.10%	4.54%	5.82%	6.83%	-6.36%

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