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ＡＲＥ

ＡＲＥホールディングス株式会社

Company highlights

The latest annual dividend per share is higher than the year before.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedIFRS

RevenueDisclosed ¥570.0B
Operating marginCalculated 6.5%
Net assets to total assetsCalculated 37.5%

Company profile

Securities code 5857 / EDINET code E21187 / Nonferrous Metals / Fiscal year end March 31

神戸市中央区加納町四丁目４番１７号／Capital stock ¥7,790 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
東浦 知哉 Representative

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-15

Profitability ★★★☆☆position among all companies 6.5%
Growth (revenue, 4-year average) ★★★★★position among all companies 31.2%
Capital efficiency ★★★★☆position among all companies 13.7%

Business activities and revenue composition

Revenue and profit by business segment

Reportable segments (business divisions used in reporting): one; other activities under “Other” or adjustments

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Selling general and administrative expenses IFRS ¥9.6 billion Consolidated
Personnel expenses ¥4.1 billion Consolidated
Other ¥3.1 billion Consolidated
Depreciation and amortization ¥0.7 billion Consolidated
Salaries and allowances ¥0.5 billion Parent only
Commission fees ¥0.4 billion Consolidated
Depreciation ¥0.2 billion Parent only
Traveling expenses and transportation expenses ¥0.2 billion Consolidated
Provision for directors' bonuses ¥62.00 million Parent only
Provision for management board incentive plan trust ¥60.00 million Parent only
Provision for dividend ¥16.00 million Parent only
Rent expenses ¥13.00 million Consolidated
Profit by stage Operating income ¥37.1 billion Consolidated
Net income ¥24.4 billion Consolidated
Ordinary income ¥13.2 billion Parent only

ＡＲＥ

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Selling general and administrative expenses IFRS ¥9.6 billion (52.0%)52%Personnel expenses ¥4.1 billion (22.5%)23%Other ¥3.1 billion (16.9%)17%Depreciation and amortization ¥0.7 billion (3.7%)Salaries and allowances ¥0.5 billion (2.6%)Commission fees ¥0.4 billion (2.3%)¥18.4B
  • Selling general and administrative expenses IFRS　¥9.6 billion
  • Personnel expenses　¥4.1 billion
  • Other　¥3.1 billion
  • Depreciation and amortization　¥0.7 billion
  • Salaries and allowances　¥0.5 billion
  • Commission fees　¥0.4 billion

Performance, financial position and capital allocation

Finance
37.5% Net assets to total assets Industry median 55.0% FY ending 3/2026 · consolidated / calculated
4.0% Return on assets (ROA)
¥1,290.73 Net assets per share
¥-99.7 billion Free cash flow
¥615.4 billion Total assets
Capital allocation
-268.2% Cash conversion Industry median 82.5% FY ending 3/2026 · consolidated / calculated
4.4% Increase in working capital ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
279.9% Property, plant and equipment purchases relative to depreciation ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×5.91 from 2013 to 2026

ＡＲＥ

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
570 380 190 0 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Profit before tax 2014　Ordinary income (loss) as a share of revenue +2.5 points 2020　Revenue (IFRS) year on year +22.8% 2021　Revenue (IFRS) year on year +21.5%, Profit (loss) before tax (IFRS) as a share of revenue +2.8 points 2022　Profit (loss) before tax (IFRS) as a share of revenue -2.2 points 2023　Revenue (IFRS) year on year +42.5%, Profit (loss) before tax (IFRS) as a share of revenue -9.1 points 2025　Revenue (IFRS) year on year +57.1% 2026　Profit (loss) before tax (IFRS) as a share of revenue +2.0 points 570Latest value 2026 570¥ billion 570Highest in the period shown 2026 570¥ billion 94Lowest in the period shown 2014 94¥ billion ¥ billion

Recent performance trends

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Revenue (IFRS) ¥192.4B ¥274.2B ¥322.3B ¥506.2B ¥570.0B
Year on year (%) +16.8% +42.5%◆ +17.5% +57.1%◆ +12.6%
Profit (loss) before tax (IFRS) ¥26.4B ¥12.6B ¥12.4B ¥20.5B ¥34.7B
Change from prior year +0.9% -52.0% -1.8% +64.8% +69.4%
Profit (loss) before tax (IFRS) as a share of Revenue (IFRS) 13.7% 4.6% 3.9% 4.0% 6.1%
Change (percentage points) -2.2 points◆ -9.1 points◆ -0.8 points +0.2 points +2.0 points◆

Fiscal periods marked for changes

Earlier fiscal periods (4)
  • 2014Ordinary income (loss) as a share of revenue +2.5 points
  • 2020Revenue (IFRS) year on year +22.8%
  • 2021Revenue (IFRS) year on year +21.5%, Profit (loss) before tax (IFRS) as a share of revenue +2.8 points
  • 2022Profit (loss) before tax (IFRS) as a share of revenue -2.2 points
  • 2023Revenue (IFRS) year on year +42.5%, Profit (loss) before tax (IFRS) as a share of revenue -9.1 points
  • 2025Revenue (IFRS) year on year +57.1%
  • 2026Profit (loss) before tax (IFRS) as a share of revenue +2.0 points

ＡＲＥ

Earnings and net assets per share over time

Unit yenSource Annual securities reports

320 213 107 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 2,683 1,788 894 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Revenue (IFRS) ¥192.4 billion ¥274.2 billion ¥322.3 billion ¥506.2 billion ¥570.0 billion
Profit (loss) before tax (IFRS) ¥26.4 billion ¥12.6 billion ¥12.4 billion ¥20.5 billion ¥34.7 billion
Profit (loss) attributable to owners of parent (IFRS) ¥18.7 billion ¥10.9 billion ¥24.5 billion ¥14.3 billion ¥24.4 billion
Comprehensive income attributable to owners of parent (IFRS) ¥15.2 billion ¥12.8 billion ¥26.3 billion ¥6.6 billion ¥80.4 billion
Equity attributable to owners of parent (IFRS) ¥105.1 billion ¥107.0 billion ¥126.5 billion ¥126.3 billion ¥230.6 billion
Total assets (IFRS) ¥298.4 billion ¥287.4 billion ¥318.0 billion ¥490.0 billion ¥615.4 billion
Equity attributable to owners of parent per share (IFRS) 1,336.89 yen 1,395.52 yen 1,650.2 yen 1,648.56 yen 2,682.61 yen
Basic earnings (loss) per share (IFRS) 238.11 yen 141.19 yen 319.54 yen 187.13 yen 315.49 yen
Diluted earnings (loss) per share (IFRS) 214.13 yen 128.72 yen 287.01 yen 169.96 yen 287.15 yen
Ratio of equity attributable to owners of parent (IFRS) 35.2% 37.2% 39.8% 25.8% 37.5%
Return on equity attributable to owners of parent (IFRS) 18.5% 10.3% 21.0% 11.3% 13.7%
Net cash provided by (used in) operating activities (IFRS) ¥11.1 billion ¥36.8 billion ¥12.6 billion ¥14.7 billion ¥-99.4 billion
Net cash provided by (used in) investing activities (IFRS) ¥-7.8 billion ¥-3.9 billion ¥-28.7 billion ¥0.2 billion ¥-0.3 billion
Net cash provided by (used in) financing activities (IFRS) ¥-6.0 billion ¥-23.8 billion ¥7.0 billion ¥-6.2 billion ¥91.9 billion
Cash and cash equivalents (IFRS) ¥6.1 billion ¥18.0 billion ¥6.9 billion ¥17.6 billion ¥10.3 billion
Parent only indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Operating revenue ¥16.2 billion ¥6.2 billion ¥10.5 billion ¥12.9 billion ¥13.4 billion
Ordinary income (loss) ¥15.0 billion ¥5.6 billion ¥8.9 billion ¥10.5 billion ¥13.2 billion
Net income (loss) ¥15.0 billion ¥5.0 billion ¥9.3 billion ¥3.6 billion ¥12.2 billion
Capital stock ¥7.8 billion ¥7.8 billion ¥7.8 billion ¥7.8 billion ¥20.2 billion
Total number of issued shares (common stock) 79,708,688 shares 79,708,688 shares 79,708,688 shares 79,708,688 shares 86,853,534 shares
Net assets ¥82.3 billion ¥76.1 billion ¥78.5 billion ¥75.3 billion ¥110.9 billion
Total assets ¥122.7 billion ¥105.8 billion ¥110.7 billion ¥119.9 billion ¥249.1 billion
Net assets per share 1,032.41 yen 978.52 yen 1,008.73 yen 967.67 yen 1,290.73 yen
Dividend per share 90 yen 90 yen 90 yen 80 yen 125 yen
Interim dividend per share 45 yen 45 yen 45 yen 40 yen 60 yen
Basic earnings (loss) per share 190.19 yen 64.45 yen 121.55 yen 46.63 yen 156.86 yen
Diluted earnings per share 188.95 yen Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved
Equity-to-asset ratio 66.2% 70.9% 69.8% 61.8% 44.5%
Return on equity 19.2% 6.4% 12.2% 4.7% 13.1%
Payout ratio 47.3% 139.7% 74.1% 171.6% 79.7%

Dividend history

Source: reporting company’s key figures, annual securities reports · 14 years (2013 to 2026)Parent-onlyDisclosed

1 periods Consecutive increases (own definition) through FY ending 3/2026
14 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+56.2% Dividend growth (year on year)
-6.0% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥125 ¥60 79.7%
FY ending 3/2025 ¥80 ¥40 171.6%
FY ending 3/2024 ¥90 ¥45 74.1%
FY ending 3/2023 ¥90 ¥45 139.7%
FY ending 3/2022 ¥90 ¥45 47.3%
FY ending 3/2021 ¥170 ¥80 33.0%
FY ending 3/2020 ¥130 ¥60 50.5%
FY ending 3/2019 ¥120 ¥60 69.4%
FY ending 3/2018 ¥63 ¥30 32.2%
FY ending 3/2017 ¥60 ¥30 Could not be retrieved
FY ending 3/2016 ¥60 ¥30 34.7%
FY ending 3/2015 ¥60 ¥30 34.5%
FY ending 3/2014 ¥60 ¥30 27.9%
FY ending 3/2013 ¥60 ¥30 55.6%

ＡＲＥ

Dividends per share over time

Unit yenSource Annual securities reports

125 83 42 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

40,275 Shareholders
28.52% Foreign holders (total) Industry median 17.42%
37.44% Individuals and others Industry median 38.48%

ＡＲＥ

Unit %Source Annual securities reports

  • Financial institutions27.25%
  • Securities firms4.18%
  • Other corporations2.61%
  • Foreign holders (institutions)28.49%
  • Foreign holders (individuals)0.03%
  • Individuals and others37.44%

Major shareholders

RankShareholderShareholding ratioShares held
1 日本マスタートラスト信託銀行㈱（信託口） 14.59% 12,654,000
2 ㈱日本カストディ銀行（信託口） 5.99% 5,197,000
3 STATE STREET BANK AND TRUST COMPANY 505223（常任代理人 ㈱みずほ銀行決済営業部） 2.3% 1,993,000
4 J.P. MORGAN BANK LUXEMBOURG S.A. 384513（常任代理人 ㈱みずほ銀行決済営業部） 2.17% 1,886,000
5 寺山 満春 2.08% 1,802,000
6 ㈱日本カストディ銀行（信託口４） 1.82% 1,580,000
7 寺山 正道 1.62% 1,404,000
8 STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 ㈱みずほ銀行決済営業部） 1.45% 1,260,000
9 EUROCLEAR BANK S.A./N.V.（常任代理人 ㈱三菱ＵＦＪ銀行） 1.36% 1,175,000
10 CEPLUX-ERSTE GROUP BANK AG (UCITS CLIENTS)（常任代理人 シティバンク、エヌ・エイ東京支店） 1.31% 1,132,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

¥0.5 billion Research and development 0.1% of revenue (industry median 0.7%)
¥8.8 billion Capital expenditure 1.6% of revenue (industry median 3.3%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥0.5 billion ¥8.8 billion
FY ending 3/2021 ¥0.3 billion ¥5.3 billion

Revenue scale in the same industry

ＡＲＥ

Source Annual securities reports of each company

Nonferrous Metals: 33 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

59 Employees (parent only) Industry median 198
42.0 Average age Industry median 43.1
2.0 years Average length of service Industry median 16.4 years
¥7.96 million Average annual salary Industry median ¥7.28 million
People and organisation
571.1¥ million Sales per employee Industry median 63.3¥ million FY ending 3/2026 · consolidated / calculated
¥37.16 million Operating income per employee
85.2% Wage gap between men and women
29.1% Women in managerial positions
75.0% Men taking childcare leave
61 Average temporary staff

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm EY新日本有限責任監査法人
Audit fees (this year, total) ¥85.00 million
Non-audit fees (this year, total) ¥7.00 million
Non-audit fees (this year, network firms) ¥31.00 million
Going concern note Cannot be determined
Accounting standard IFRS

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (29 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities (IFRS) ¥-99.4 billion Consolidated
Basic earnings (loss) per share (IFRS) 315.49 yen Consolidated
Revenue (IFRS) ¥570.0 billion Consolidated
Diluted earnings (loss) per share (IFRS) 287.15 yen Consolidated
Profit (loss) attributable to owners of parent (IFRS) ¥24.4 billion Consolidated
Comprehensive income attributable to owners of parent (IFRS) ¥80.4 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-0.3 billion Consolidated
Cash and cash equivalents (IFRS) ¥10.3 billion Consolidated
Profit (loss) before tax (IFRS) ¥34.7 billion Consolidated
Total assets (IFRS) ¥615.4 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥230.6 billion Consolidated
Return on equity attributable to owners of parent (IFRS) 13.7% Consolidated
Ratio of equity attributable to owners of parent (IFRS) 37.5% Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥91.9 billion Consolidated
Equity attributable to owners of parent per share (IFRS) 2,682.61 yen Consolidated
Dividend per share 125 yen Parent only
Operating revenue ¥13.4 billion Parent only
Net income (loss) ¥12.2 billion Parent only
Total number of issued shares (common stock) 86,853,534 shares Parent only
Net assets ¥110.9 billion Parent only
Ordinary income (loss) ¥13.2 billion Parent only
Total assets ¥249.1 billion Parent only
Return on equity 13.1% Parent only
Equity-to-asset ratio 44.5% Parent only
Capital stock ¥20.2 billion Parent only
Payout ratio 79.7% Parent only
Interim dividend per share 60 yen Parent only
Basic earnings (loss) per share 156.86 yen Parent only
Net assets per share 1,290.73 yen Parent only

Employees (12 items)

ItemValueConsolidated / Non-consolidated
Number of employees 998 people Consolidated
Number of employees 998 people Consolidated
Wage gap between men and women (all employees) 85.2% Parent only
Average length of service (years) 2 years Parent only
Average length of service months 11 months Parent only
Average annual salary ¥7.96 million Parent only
Average age (years) 42 years old Parent only
Average age months 4 months Parent only
Number of employees 59 people Parent only
Number of employees 59 people Parent only
Wage gap between men and women (regular employees) 80.6% Parent only
Wage gap between men and women (non-regular employees) 41.4% Parent only

Other disclosed items (8 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 61 people Consolidated
Average number of temporary employees 61 people Consolidated
Rate of male employees taking childcare leave (all employees) 75.0% Parent only
Average number of temporary employees 5 people Parent only
Average number of temporary employees 5 people Parent only
Total return on the share price index 202.2% Parent only
Rate of male employees taking childcare leave (regular employees) 75.0% Parent only
Ratio of female employees in managerial positions 29.1% Parent only

Shares (8 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 30,087,000 shares Consolidated
Total number of shares held treasury shares etc 124,900 shares Consolidated
Number of shares 86,853,534 shares Consolidated
Shareholding ratio treasury shares etc 0.1% Consolidated
Shareholding ratio 34.7% Consolidated
Number of shares held in own name treasury shares etc 124,900 shares Consolidated
Number of voting rights 864,333 units Consolidated
Total shareholder return 180.8% Parent only

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses ¥0.5 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥8.8 billion Consolidated

Audit (8 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥56.00 million Consolidated
Fees for audit and attestation services - total ¥85.00 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥29.00 million Consolidated
Fees for non-audit services - reporting company ¥17.00 million Consolidated
Fees for non-audit services - reporting company ¥7.00 million Consolidated
Fees for non-audit services - total ¥31.00 million Consolidated
Fees for non-audit services - total ¥7.00 million Consolidated
Non audit fees consolidated subsidiaries network firms ¥13.00 million Consolidated

Accounts unique to this company (8 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥2.9 billion Consolidated
Revenue ¥-59.00 million Consolidated
Revenue ¥0.5 billion Consolidated
Change in average annual salary from the previous year 1.1% Parent only
Revenue ¥0.4 billion Parent only
Revenue ¥7.5 billion Parent only
Revenue ¥24.9 billion Parent only
Revenue ¥0.4 billion Parent only

Balance sheet (126 items)

ItemValueConsolidated / Non-consolidated
Other ¥-31.00 million Consolidated
Other ¥0.2 billion Consolidated
Other ¥0.1 billion Consolidated
Other current liabilities clifrs ¥7.8 billion Consolidated
Other current assets caifrs ¥36.3 billion Consolidated
Other components of equity IFRS ¥46.7 billion Consolidated
Other financial liabilities ¥31.0 billion Consolidated
Other financial liabilities ¥0.3 billion Consolidated
Other financial assets ¥52.4 billion Consolidated
Other non current liabilities nclifrs ¥55.00 million Consolidated
Other non current assets ncaifrs ¥0.1 billion Consolidated
Goodwill ¥10.9 billion Consolidated
Goodwill ¥-10.9 billion Consolidated
Software ¥-3.6 billion Consolidated
Software ¥4.6 billion Consolidated
Software in progress ¥0.5 billion Consolidated
Software in progress IFRS ¥0.5 billion Consolidated
Software IFRS ¥1.0 billion Consolidated
Work in process ¥62.6 billion Consolidated
Right-of-use assets, Acquisition cost (IFRS) ¥0.7 billion Consolidated
Right-of-use assets, Accumulated depreciation and impairment losses (IFRS) ¥-0.3 billion Consolidated
Right of use assets IFRS ¥0.4 billion Consolidated
Retained earnings IFRS ¥138.5 billion Consolidated
Raw materials and supplies ¥3.4 billion Consolidated
Merchandise and finished goods ¥56.4 billion Consolidated
Trade and other payables clifrs ¥132.0 billion Consolidated
Trade and other receivables caifrs ¥315.3 billion Consolidated
Land ¥9.2 billion Consolidated
Land ¥-1.0 billion Consolidated
Land IFRS ¥8.3 billion Consolidated
Tools, furniture and fixtures ¥1.6 billion Consolidated
Tools, furniture and fixtures ¥-1.1 billion Consolidated
Tools, furniture and fixtures ¥0.5 billion Consolidated
Buildings and structures ¥27.2 billion Consolidated
Buildings and structures ¥-11.5 billion Consolidated
Buildings and structures IFRS ¥15.8 billion Consolidated
Construction in progress ¥8.9 billion Consolidated
Construction in progress IFRS ¥8.9 billion Consolidated
Provisions clifrs ¥1.9 billion Consolidated
Investments accounted for using equity method IFRS ¥31.5 billion Consolidated
Property, plant and equipment ¥69.9 billion Consolidated
Property, plant and equipment ¥-28.1 billion Consolidated
Property plant and equipment IFRS ¥41.8 billion Consolidated
Property plant and equipment IFRS ¥41.8 billion Consolidated
Income taxes receivable ¥0.2 billion Consolidated
Income taxes payable ¥5.6 billion Consolidated
Inventories ¥122.4 billion Consolidated
Inventories ¥122.4 billion Consolidated
Machinery, equipment and vehicles ¥22.2 billion Consolidated
Machinery, equipment and vehicles ¥-14.2 billion Consolidated
Machinery and vehicles IFRS ¥7.9 billion Consolidated
Total current liabilities IFRS ¥276.9 billion Consolidated
Current assets IFRS ¥537.0 billion Consolidated
Intangible assets accumulated amortization and impairment losses IFRS ¥-3.6 billion Consolidated
Intangible assets acquisition cost IFRS ¥5.3 billion Consolidated
Intangible assets IFRS ¥1.7 billion Consolidated
Intangible assets IFRS ¥1.7 billion Consolidated
Cash and cash equivalents (IFRS) ¥10.3 billion Consolidated
Cash and cash equivalents (IFRS) ¥10.3 billion Consolidated
Bonds and borrowings clifrs ¥98.6 billion Consolidated
Bonds and borrowings nclifrs ¥84.6 billion Consolidated
Net assets ¥230.6 billion Consolidated
Net assets ¥230.6 billion Consolidated
Total assets ¥615.4 billion Consolidated
Deferred tax liabilities IFRS ¥22.8 billion Consolidated
Deferred tax assets IFRS ¥0.2 billion Consolidated
Treasury shares IFRS ¥-1.7 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥230.6 billion Consolidated
Liabilities and equity IFRS ¥615.4 billion Consolidated
Liabilities IFRS ¥384.8 billion Consolidated
Capital surplus IFRS ¥26.8 billion Consolidated
Share capital IFRS ¥20.2 billion Consolidated
Net defined benefit liability ¥0.2 billion Consolidated
Net defined benefit asset ¥0.2 billion Consolidated
Non current labilities IFRS ¥108.0 billion Consolidated
Non current assets IFRS ¥78.4 billion Consolidated
Other ¥0.6 billion Parent only
Other ¥0.1 billion Parent only
Other ¥0.5 billion Parent only
Other ¥0.1 billion Parent only
Other capital surplus ¥21.2 billion Parent only
Software ¥0.2 billion Parent only
Derivatives liabilities ¥2.6 billion Parent only
Retained earnings ¥49.4 billion Parent only
Right of trademark ¥14.00 million Parent only
Non-current liabilities ¥94.3 billion Parent only
Non-current assets ¥110.2 billion Parent only
Land ¥3.0 billion Parent only
Tools, furniture and fixtures ¥8.00 million Parent only
Buildings, net ¥1.8 billion Parent only
Provision for management board incentive plan trust-NCL ¥34.00 million Parent only
Provision for management board incentive plan trust ¥51.00 million Parent only
Provision for directors' bonuses ¥62.00 million Parent only
Investments and other assets ¥105.2 billion Parent only
Property, plant and equipment ¥4.9 billion Parent only
Accounts receivable - other ¥0.8 billion Parent only
Accrued expenses ¥0.5 billion Parent only
Accounts payable - other ¥0.3 billion Parent only
Shareholders' equity ¥110.9 billion Parent only
Provision for stocks payment-NCL ¥47.00 million Parent only
Structures, net ¥3.00 million Parent only
Current liabilities ¥43.8 billion Parent only
Current assets ¥138.9 billion Parent only
Intangible assets ¥0.2 billion Parent only
Cash and deposits ¥6.2 billion Parent only
Short-term loans payable ¥25.0 billion Parent only
Bonds payable ¥45.0 billion Parent only
Net assets ¥110.9 billion Parent only
Net assets ¥110.9 billion Parent only
Total assets ¥249.1 billion Parent only
Deferred tax liabilities ¥6.4 billion Parent only
Retained earnings brought forward ¥49.4 billion Parent only
Treasury stock ¥-1.7 billion Parent only
Liabilities ¥138.2 billion Parent only
Liabilities and net assets ¥249.1 billion Parent only
Allowance for doubtful accounts ¥-1.0 billion Parent only
Capital surplus ¥43.0 billion Parent only
Legal capital surplus ¥21.8 billion Parent only
Capital stock ¥20.2 billion Parent only
Provision for bonuses ¥54.00 million Parent only
Long-term loans payable ¥39.7 billion Parent only
Shares of subsidiaries and associates ¥92.2 billion Parent only
Loans receivable to subsidiaries and affiliates ¥114.0 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥12.8 billion Parent only
Current portion of long term loans receivable from subsidiaries and affiliates ¥18.7 billion Parent only
Current portion of long-term loans payable ¥17.3 billion Parent only

Statement of income (112 items)

ItemValueConsolidated / Non-consolidated
Other ¥56.00 million Consolidated
Other ¥41.00 million Consolidated
Other ¥3.1 billion Consolidated
Financial assets measured at fair value through other comprehensive income ¥0 Consolidated
Other comprehensive income IFRS ¥55.9 billion Consolidated
Other comprehensive income IFRS ¥55.9 billion Consolidated
Other operating income IFRS ¥0.9 billion Consolidated
Other operating income IFRS ¥0.9 billion Consolidated
Other operating expenses IFRS ¥0.9 billion Consolidated
Other operating expenses IFRS ¥0.9 billion Consolidated
Effective portion of cash flow hedges net of tax items that may be reclassified to profit or loss ociifrs ¥49.6 billion Consolidated
Loss on valuation of derivatives IFRS ¥1.1 billion Consolidated
Business restructuring expenses IFRS ¥96.00 million Consolidated
Personnel expenses ¥4.1 billion Consolidated
Financial liabilities measured at amortized cost ¥2.2 billion Consolidated
Financial assets measured at amortized cost ¥16.00 million Consolidated
Insurance claim income IFRS ¥0 Consolidated
Operating income ¥37.1 billion Consolidated
Operating income ¥37.1 billion Consolidated
Net cash provided by (used in) operating activities ¥-99.4 billion Consolidated
Gain on sale of fixed assets IFRS ¥0.8 billion Consolidated
Loss on retirement of fixed assets IFRS ¥0.3 billion Consolidated
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss ociifrs ¥6.3 billion Consolidated
Basic earnings loss per share IFRS 315.49 yen Consolidated
Cost of sales IFRS ¥525.2 billion Consolidated
Gross profit IFRS ¥44.8 billion Consolidated
Net sales ¥570.0 billion Consolidated
Net sales ¥570.0 billion Consolidated
Revenue from external customers IFRS ¥570.0 billion Consolidated
Diluted earnings loss per share IFRS 287.15 yen Consolidated
Advertising expenses IFRS ¥0.1 billion Consolidated
Research and development expenditure recognized as expense during period IFRS ¥0.5 billion Consolidated
Profit loss IFRS ¥24.4 billion Consolidated
Profit loss IFRS ¥24.4 billion Consolidated
Profit loss IFRS ¥24.4 billion Consolidated
Profit loss IFRS ¥24.4 billion Consolidated
Comprehensive income (IFRS) ¥80.4 billion Consolidated
Comprehensive income (IFRS) ¥80.4 billion Consolidated
Comprehensive income (IFRS) ¥80.4 billion Consolidated
Net income ¥24.4 billion Consolidated
Total transactions with owners IFRS ¥23.9 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-0.3 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method net of tax items that will not be reclassified to profit or loss ociifrs ¥18.00 million Consolidated
Share of profit loss of investments accounted for using equity method IFRS ¥1.9 billion Consolidated
Share of profit loss of investments accounted for using equity method IFRS ¥1.9 billion Consolidated
Commission fees ¥0.4 billion Consolidated
Issuance of new shares ssifrs ¥24.1 billion Consolidated
Traveling expenses and transportation expenses ¥0.2 billion Consolidated
Share-based payment transactions ¥0.1 billion Consolidated
Income tax expense IFRS ¥10.3 billion Consolidated
Depreciation and amortization ¥3.0 billion Consolidated
Depreciation and amortization ¥0.7 billion Consolidated
Impairment loss ¥0.5 billion Consolidated
Impairment loss ¥0.5 billion Consolidated
Foreign exchange gain IFRS ¥0.9 billion Consolidated
Net increase decrease in cash and cash equivalents IFRS ¥-7.2 billion Consolidated
Effect of exchange rate changes on cash and cash equivalents IFRS ¥0.6 billion Consolidated
Remeasurements of defined benefit plans net of tax items that will not be reclassified to profit or loss ociifrs ¥38.00 million Consolidated
Total of items that will not be reclassified to profit or loss ociifrs ¥57.00 million Consolidated
Total of items that may be reclassified to profit or loss ociifrs ¥55.9 billion Consolidated
Profit loss before tax IFRS ¥34.7 billion Consolidated
Profit loss before tax IFRS ¥34.7 billion Consolidated
Profit loss before tax IFRS ¥34.7 billion Consolidated
Disposal of treasury stock ¥7.3 billion Consolidated
Comprehensive income attributable to owners of parent IFRS ¥80.4 billion Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥91.9 billion Consolidated
Sales commissions IFRS ¥0 Consolidated
Selling general and administrative expenses IFRS ¥9.6 billion Consolidated
Selling general and administrative expenses IFRS ¥9.6 billion Consolidated
Provision for doubtful accounts IFRS ¥-61.00 million Consolidated
Rent expenses ¥13.00 million Consolidated
Dividendsofsurplus ¥-7.7 billion Consolidated
Finance income IFRS ¥0.9 billion Consolidated
Finance income IFRS ¥0.9 billion Consolidated
Finance income IFRS ¥0.9 billion Consolidated
Finance costs IFRS ¥3.3 billion Consolidated
Finance costs IFRS ¥3.3 billion Consolidated
Finance costs IFRS ¥3.3 billion Consolidated
Profit loss attributable to non controlling interests IFRS ¥-29.00 million Consolidated
Comprehensive income attributable to non controlling interests IFRS ¥-31.00 million Consolidated
Other ¥42.00 million Parent only
Other ¥0.4 billion Parent only
Other ¥18.00 million Parent only
Dividends from surplus ¥-7.7 billion Parent only
Guarantee commission received ¥1.2 billion Parent only
Interest income ¥2.2 billion Parent only
Operating income ¥10.9 billion Parent only
Operating revenue ¥13.4 billion Parent only
Non-operating income ¥4.8 billion Parent only
Non-operating expenses ¥2.5 billion Parent only
Operating expenses ¥2.5 billion Parent only
Loss on retirement of non-current assets ¥1.00 million Parent only
Net income (loss) ¥12.2 billion Parent only
Net income (loss) ¥12.2 billion Parent only
Provision for management board incentive plan trust-SGA ¥60.00 million Parent only
Provision for directors' bonuses ¥62.00 million Parent only
Interest expenses ¥1.6 billion Parent only
Provision for dividend ¥16.00 million Parent only
Income taxes - current ¥67.00 million Parent only
Income taxes ¥0.6 billion Parent only
Income taxes - deferred ¥0.5 billion Parent only
Depreciation ¥0.2 billion Parent only
Impairment loss ¥0.4 billion Parent only
Foreign exchange gains ¥1.4 billion Parent only
Extraordinary loss ¥0.4 billion Parent only
Income (loss) before income taxes ¥12.7 billion Parent only
Ordinary income ¥13.2 billion Parent only
Salaries and allowances ¥0.5 billion Parent only
Disposal of treasury stock ¥27.00 million Parent only
Provision of allowance for doubtful accounts ¥0.1 billion Parent only
Provision for bonuses ¥54.00 million Parent only
Retirement benefit expenses ¥10.00 million Parent only

Statement of cash flows (27 items)

ItemValueConsolidated / Non-consolidated
Other ¥-2.5 billion Consolidated
Other ¥-0.1 billion Consolidated
Other ¥4.7 billion Consolidated
Interest paid ope cfifrs ¥-1.6 billion Consolidated
Interest and dividends received ope cfifrs ¥73.00 million Consolidated
Increase (decrease) in trade and other payables ¥-110.3 billion Consolidated
Decrease (increase) in trade and other receivables ¥46.3 billion Consolidated
Proceeds from withdrawal of time deposits inv cfifrs ¥0.2 billion Consolidated
Payments into time deposits inv cfifrs ¥-0.1 billion Consolidated
Subtotal ¥-91.3 billion Consolidated
Share of loss profit of investments accounted for using equity method ope cfifrs ¥-1.9 billion Consolidated
Purchase of property plant and equipment inv cfifrs ¥-8.3 billion Consolidated
Proceeds from sale of property plant and equipment inv cfifrs ¥2.1 billion Consolidated
Decrease (increase) in inventories ¥-71.2 billion Consolidated
Income taxes paid ope cfifrs ¥-6.5 billion Consolidated
Income taxes refund ope cfifrs ¥0 Consolidated
Depreciation and amortization ¥3.0 billion Consolidated
Impairment losses reversal of impairment losses ope cfifrs ¥0.5 billion Consolidated
Purchase of intangible assets inv cfifrs ¥-0.8 billion Consolidated
Decrease/increase in short-term loans payable ¥23.7 billion Consolidated
Proceeds from issuance of bonds fin cfifrs ¥39.8 billion Consolidated
Collection of loans receivable inv cfifrs ¥9.1 billion Consolidated
Dividends ¥-7.7 billion Consolidated
Finance income and expenses, net ¥2.8 billion Consolidated
Proceeds from long term borrowings fin cfifrs ¥40.2 billion Consolidated
Repayments of long term borrowings fin cfifrs ¥-4.0 billion Consolidated
Payments for acquisition of interests in subsidiaries from non-controlling interests ¥-60.00 million Consolidated

Statement of changes in equity (2 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥35.6 billion Parent only
Net changes in items other than shareholders' equity ¥-1.1 billion Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-99.4 billion ConsolidatedDisclosed
Dividend per share 125 Parent onlyDisclosed
Number of employees 998 ConsolidatedDisclosed
Net assets ¥230.6 billion ConsolidatedDisclosed
Net sales ¥570.0 billion ConsolidatedDisclosed
Operating income ¥37.1 billion ConsolidatedDisclosed
Operating revenue ¥13.4 billion Parent onlyDisclosed
Ordinary income ¥13.2 billion Parent onlyDisclosed
Net income ¥24.4 billion ConsolidatedDisclosed
Total assets ¥615.4 billion ConsolidatedDisclosed
Operating margin 6.5%ConsolidatedCalculated
Net margin 4.3%ConsolidatedCalculated
Sales per employee 571134269 yenConsolidatedCalculated
Total asset turnover 0.93 timesConsolidatedCalculated
Net assets to total assets 37.5%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 6.5%　Operating income ÷ net sales 　＝ ¥37.1 billion ÷ ¥570.0 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Net margin 4.3%　Net income ÷ net sales 　＝ ¥24.4 billion ÷ ¥570.0 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Sales per employee 571,134,269 yen　Sales or operating revenue ÷ employees 　＝ ¥570.0 billion ÷ 998 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.93 times　Sales or operating revenue ÷ total assets 　＝ ¥570.0 billion ÷ ¥615.4 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, IFRS).
  • Net assets to total assets 37.5%　Net assets ÷ total assets 　＝ ¥230.6 billion ÷ ¥615.4 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, IFRS).

Company details

  • Representative　President, Representative Director, gBizINFO

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Parent only
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables down ¥46.3 billion + inventories up ¥71.2 billion, over net sales ¥570.0 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥8.3 billion, over depreciation ¥3.0 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Nonferrous Metals that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Nonferrous Metals that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 998 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Nonferrous Metals that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Average temporary staff　Consolidated, average headcount other than regular employees

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of ＡＲＥホールディングス株式会社 on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 4140001030937 / Accounting standard: IFRS

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork