ARE : Consolidated Financial Results for the Three Months Ended June 30, 2025

About this update from Are Holdings, Inc.

Consolidated Financial Results for the Three Months Ended June 30, 2025 ARE Holdings, Inc. [IFRS] July 30, 2025 Stock code: 5857 Shares listed: Tokyo Stock Exchange - Prime Market URL: https://www.are-holdings.com/english/ Representative: Tomoya Higashiura, Representative Director, President & CEO For further information please contact: Jiro Saito, General Manager, Corporate Planning & Communications Department (Phone) +81-3-6270-1833 Start of dividend payment: -Supplementary materials for the financial results: Yes Investor conference for the financial results: No (Rounded down to the nearest million yen) Results of the three months ended June 30, 2025 (From April 1, 2025 to June 30, 2025) Results of operations (cumulative) (Percentage: Changes relative to corresponding previous period) Revenue Operating profit Profit before tax Profit Profit attributable to owners of parent Total comprehensive income The three months ended June 30, 2025 June 30, 2024 Millions of yen % 137,120 48.6 92,300 47.5 Millions of yen % 5,928 63.9 3,617 47.0 Millions of yen % 4,989 31.4 3,796 49.3 Millions of yen % 3,633 13.6 3,197 33.4 Millions of yen % 3,639 13.8 3,197 33.4 Millions of yen % 17,347 110.3 8,249 (22.8) Basic earnings per share Diluted earnings per share The three months ended Yen Yen June 30, 2025 47.51 43.11 June 30, 2024 41.83 37.99 Financial Position Total assets Total equity Equity attributable to owners of parent Equity attributable to owners of parent ratio As of Millions of yen Millions of yen Millions of yen % June 30, 2025 505,985 140,672 140,633 27.8 March 31, 2025 490,037 126,349 126,301 25.8 Dividend payments Dividends per share First quarter Second quarter Third quarter Year-end Annual Yen Yen Yen Yen Yen Year ended March 31, 2025 - 40.00 - 40.00 80.00 Year ending March 31, 2026 - Year ending March 31, 2026 (Forecast) 40.00 - 40.00 80.00 (Note) Revisions in dividend forecast in the current period: No Forecast (From April 1, 2025 to March 31, 2026) (Percentage: Changes relative to corresponding previous period) Revenue Operating profit Profit before tax Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six months ending September 30, 2025 219,822 (8.5) 10,706 28.7 10,653 26.9 8,131 23.1 106.13 Year ending March 31, 2026 448,199 (11.5) 22,000 10.1 21,895 6.9 16,179 13.1 211.18 (Note) Revisions in forecast in the current period: No Notes Significant changes in the scope of consolidation during the period: No Changes in accounting policies and accounting estimates Changes in accounting policies required by IFRS: No Changes other than (i) above: No Changes in accounting estimates: No Number of issued shares (common stock) Number of issued shares at the quarter end (including treasury stock) 79,708,688 shares As of March 31, 2025 79,708,688 shares As of June 30, 2025 Number of treasury stock at the quarter end 3,095,284 shares As of March 31, 2025 3,095,284 shares As of June 30, 2025 Averaged number of shares during the period (quarterly cumulative period) 76,433,500 shares Three months ended June 30, 2024 76,613,404 shares Three months ended June 30, 2025 Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit firm: No Statement regarding the proper use of financial forecasts and other special remarks (Notes on forward looking statements, etc.) These forecast performance figures are based on the information currently available to the Company's management and certain assumptions judged rational. Accordingly, there might be cases in which actual results materially differ from forecasts of this report. Please refer to page 3 "1. Overview of Consolidated Operating Results (3) Consolidated Performance Forecasts" for the assumptions used and other notes. 【 Appendix 】 Table of contents of the appendix Overview of Consolidated Operating Results 2 Overview of Consolidated Operating Results for the Three Months Ended June 30, 2025 2 Overview of Consolidated Financial Position and Cash Flows for the Three Months Ended June 30, 2025 2 Consolidated Performance Forecasts 3 Condensed Quarterly Consolidated Financial Statements 4 Condensed Quarterly Consolidated Statements of Financial Position 4 Condensed Quarterly Consolidated Statements of Income 6 Condensed Quarterly Consolidated Statements of Comprehensive Income 7 Condensed Quarterly Consolidated Statements of Changes in Equity 8 Condensed Quarterly Consolidated Statements of Cash Flows 10 Notes on Condensed Quarterly Consolidated Financial Statements 11 Segment information 11 Notes on assumptions for going concern 12 Significant subsequent events 12 Overview of Consolidated Operating Results Overview of Consolidated Operating Results for the Three Months Ended June 30, 2025 The financial results for the three months ended June 30, 2025 were as follows. Revenue 137,120 million yen (a year-on-year increase of 44,820 million yen, or +48.6 percent) Operating profit 5,928 million yen (a year-on-year increase of 2,310 million yen, or +63.9 percent) Profit before tax 4,989 million yen (a year-on-year increase of 1,192 million yen, or +31.4 percent) Profit attributable to owners of parent 3,639 million yen (a year-on-year increase of 442 million yen, or +13.8 percent) As for the precious metals recycling business, operating profit increased year on year. In the electronics and dental sectors, the volume collected and operating profit increased year on year. In the jewelry sector, as a result of placing greater emphasis on profitability, the volume of gold collected decreased year on year, but operating profit increased year on year. In the catalyst-related sector, the volume collected and operating profit decreased year on year. As for the precious metals refining-related business in North America, operating profit increased year on year. The precious metals refining, product, storage, and trading businesses performed well on the back of increased flows of gold and silver raw materials and products into the United States. As a result, operating profit in the Precious Metals business segment, which includes the precious metals recycling business and the precious metals refining-related business in North America, significantly increased year on year. In the Environmental Preservation business segment, the share of profit (loss) of investments accounted for using equity method remained flat year on year. Overview of Consolidated Financial Position and Cash Flows for the Three Months Ended June 30, 2025 As of June 30, 2025, total assets amounted to 505,985 million yen, up 15,948 million yen from the previous fiscal year end. This was mainly due to increases of 9,704 million yen in trade and other receivables and 3,926 million yen in inventories. Total liabilities amounted to 365,313 million yen, up 1,625 million yen from the previous fiscal year end. This was mainly due to increases of 2,200 million yen in bonds and loans payable, 16,523 million yen in other current liabilities and 3,779 million yen in deferred tax liabilities, while trade and other payables decreased by 6,845 million yen and other financial liabilities decreased by 12,286 million yen. Total equity amounted to 140,672 million yen, up 14,322 million yen from the previous fiscal year end. This was mainly due to an increase of 17,347 million yen in comprehensive income and a decrease of 3,064 million yen used for dividends. As a result, the equity attributable to owners of parent ratio changed to 27.8%, from 25.8% at the end of the previous fiscal year. Net cash provided by operating activities amounted to 508 million yen due mainly to 4,989 million yen of profit before tax, 650 million yen of depreciation and amortization, 3,954 million yen of increase in inventories, 3,395 million yen of increase in trade and other receivables, 4,566 million yen of decrease in trade, loans and other payables and 1,600 million yen of income taxes paid. Net cash used in investing activities amounted to 642 million yen due mainly to 3,115 million yen of purchase of property, plant and equipment, despite 2,695 million yen of collection of loans receivable. Net cash provided by financing activities amounted to 813 million yen due mainly to 615 million yen of net increase in short-term loans payable and 7,133 million yen of proceeds from long-term loans payable, despite 3,853 million yen of repayment of long-term loans payable and 3,045 million yen of cash dividends paid. As a result, cash and cash equivalents as of June 30, 2025 decreased by 398 million yen from March 31, 2025, to 17,157 million yen. Consolidated Performance Forecasts No changes have been made to the forecasts going forward as they are in line with the financial forecast for the fiscal year ending March 31, 2026 announced in the "Consolidated Financial Results for the Fiscal Year Ended March 31, 2025" made public on April 25, 2025. Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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