ARE Holdings, Inc. (JP:5857)
:5857
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ARE Holdings, Inc.
(5857)
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Rating:50Neutral
Price Target:
¥3,350.00
▲(4.85% Upside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak cash flow (deeply negative operating/free cash flow) and higher balance-sheet leverage, alongside bearish technical momentum (below key moving averages with negative MACD). These risks are partially offset by attractive valuation (low P/E) and a moderate dividend yield.
Positive Factors
Revenue Growth
Sustained, multi-period topline expansion (TTM growth ~2.74x vs. annual) signals expanding service volumes or pricing power in core waste-management operations, supporting durable scale economies, contract negotiating leverage, and longer-term revenue visibility.
Negative Factors
Weak Cash Generation
Deeply negative operating and free cash flow in the TTM materially weaken internal funding for capex, maintenance, and dividends. Persistent cash shortfalls increase reliance on external financing and raise refinancing and liquidity risks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, multi-period topline expansion (TTM growth ~2.74x vs. annual) signals expanding service volumes or pricing power in core waste-management operations, supporting durable scale economies, contract negotiating leverage, and longer-term revenue visibility.
Read all positive factors
ARE Holdings, Inc. (5857) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥281.66B
Dividend Yield3.14%
Average Volume (3M)302.09K
Price to Earnings (P/E)7.0
Beta (1Y)0.93
Revenue Growth22.74%
EPS Growth-28.17%
CountryJP
Employees952
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)113.81
Shares Outstanding82,237,790
10 Day Avg. Volume356,860
30 Day Avg. Volume302,093
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.20
Price to Sales (P/S)0.30
P/FCF Ratio20.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)290.23
Revenue Forecast (FY)¥590.00B
ARE Holdings, Inc. Business Overview & Revenue Model
Company Description
Asahi Holdings, Inc. engages in recycling and selling precious and rare metals in Japan, rest of Asia, and North America. The company operates in two segments, Precious Metals and Environmental Preservation. It recycles and sells various metals, i...
ARE Holdings, Inc. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
40
Negative
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 517.90B | 506.21B | 322.25B | 292.45B | 192.44B | 164.78B |
| Gross Profit | 42.83B | 28.94B | 21.36B | 29.46B | 34.66B | 32.81B |
| EBITDA | 36.83B | 23.44B | 17.14B | 19.50B | 29.95B | 28.76B |
| Net Income | 22.50B | 14.32B | 24.49B | 10.93B | 18.73B | 25.73B |
Balance Sheet | ||||||
| Total Assets | 935.32B | 490.04B | 318.00B | 287.45B | 298.39B | 244.80B |
| Cash, Cash Equivalents and Short-Term Investments | 7.31B | 17.55B | 6.88B | 17.95B | 6.26B | 12.19B |
| Total Debt | 506.84B | 290.42B | 136.82B | 144.85B | 151.70B | 105.94B |
| Total Liabilities | 774.41B | 363.69B | 191.52B | 180.48B | 193.25B | 146.90B |
| Stockholders Equity | 160.89B | 126.30B | 126.48B | 106.96B | 105.14B | 97.90B |
Cash Flow | ||||||
| Free Cash Flow | -121.31B | 7.26B | 5.04B | 32.34B | 2.70B | -38.49B |
| Operating Cash Flow | -111.47B | 14.69B | 12.62B | 36.75B | 11.10B | -33.35B |
| Investing Cash Flow | 1.01B | 305.00M | -28.71B | -3.94B | -7.82B | -2.80B |
| Financing Cash Flow | 102.55B | -6.26B | 7.05B | -23.82B | -6.04B | 24.42B |
ARE Holdings, Inc. Technical Analysis
Positive
3195.00
Price Trends
3787.93
Negative
3415.56
Positive
2693.93
Positive
Market Momentum
-93.41
Negative
47.87
Neutral
63.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5857, the sentiment is Positive. The current price of 3195 is below the 20-day moving average (MA) of 3590.11, below the 50-day MA of 3787.93, and above the 200-day MA of 2693.93, indicating a neutral trend. The MACD of -93.41 indicates Negative momentum. The RSI at 47.87 is Neutral, neither overbought nor oversold. The STOCH value of 63.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5857.
ARE Holdings, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥190.51B | 17.31 | 11.00% | 2.20% | 6.63% | -3.05% | |
73 Outperform | ¥28.17B | 7.02 | ― | 2.62% | -9.37% | 590.66% | |
73 Outperform | ¥390.58B | 25.33 | ― | 1.30% | 8.33% | 1.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥5.59B | 7.76 | ― | 1.80% | -0.27% | 0.09% | |
60 Neutral | ¥9.85B | 16.59 | ― | 1.36% | 3.68% | -24.83% | |
50 Neutral | ¥281.66B | 7.02 | ― | 3.14% | 22.74% | -28.17% |
* Industrials Sector Average
JP:5857
ARE Holdings, Inc.
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ARE Holdings, Inc. Corporate Events
ARE Holdings Reshapes Executive Lineup and Subsidiary Boards for April 2026
Mar 25, 2026
ARE Holdings, Inc. has announced changes to its corporate officer lineup and the boards of key subsidiaries effective April 1, 2026, as part of a broader governance update. The company also detailed the director structure for its main entities, un...
ARE Holdings Completes $200 Million Convertible Bond-to-Equity Conversion
Mar 5, 2026
ARE Holdings, Inc. has completed the exercise of its third series stock acquisition rights that were originally issued in March 2021 as part of a financing scheme tied to U.S. dollar-denominated convertible bonds. The rights were allocated to Asah...
ARE Holdings to Issue ¥20 Billion Unsecured Bonds for North American Expansion
Feb 27, 2026
ARE Holdings, Inc. has set the terms for issuing its 2nd unsecured straight bonds, a three-year issue totaling 20 billion yen, to diversify funding sources and strengthen financial stability. By tapping public capital markets alongside bank financ...
ARE Holdings Wins Major Government Subsidy to Boost Precious Metals Recycling Capacity
Feb 25, 2026
ARE Holdings’ wholly owned subsidiary Asahi Pretec has secured approval for a government subsidy of up to JPY 1.91 billion to support a JPY 6.16 billion project to enhance its precious metals recycling capabilities. The subsidy, running from...
ARE Holdings Doubles Operating Profit and Hikes Dividend Forecast on Strong Nine-Month Results
Feb 3, 2026
ARE Holdings reported solid growth for the nine months ended December 31, 2025, with revenue rising 3.1% year-on-year to ¥384.7 billion and operating profit nearly doubling to ¥28.6 billion, driving a 71.9% surge in profit attributable t...
ARE Holdings Lifts Full-Year Earnings Outlook and Dividend on Strong Precious Metals Business
Feb 3, 2026
ARE Holdings revised upward its consolidated forecast for the fiscal year ending March 31, 2026, citing stronger-than-expected performance in its precious metals recycling and refining businesses amid higher precious metal prices. The company now ...
ARE Holdings to Consolidate Precious Metals Refining Functions in Subsidiary Reorganization
Feb 3, 2026
ARE Holdings, Inc. has approved an absorption-type company split under which ASAHI METALFINE, Inc. will transfer its assay, refining and related operations at the Bando Plant to fellow wholly owned subsidiary Asahi Pretec Corp., effective April 1,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.