ARE Holdings, Inc. (JP:5857)
:5857
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ARE Holdings, Inc.
(5857)
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Rating:59Neutral
Price Target:
¥3,579.00
▲(12.02% Upside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by financial risk from deeply negative TTM operating/free cash flow and elevated leverage despite improving revenue and profitability. Offsetting factors include a clear positive price trend and reasonable valuation with a ~3.1% dividend yield.
Positive Factors
Revenue Growth & Margin Improvement
Consistent TTM revenue growth near 10% alongside improving gross, EBIT and net margins indicates expanding market penetration and better operational execution. Over a 2–6 month horizon this trend supports steadier top-line cash generation and strengthens competitive positioning.
Negative Factors
Deeply Negative Cash Flow
Sharp deterioration to deeply negative operating (-¥99B) and free cash flow (-¥108B) TTM materially depresses earnings quality and liquidity. If persistent this forces external financing or asset actions, increasing refinancing risk and constraining strategic flexibility over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Margin Improvement
Consistent TTM revenue growth near 10% alongside improving gross, EBIT and net margins indicates expanding market penetration and better operational execution. Over a 2–6 month horizon this trend supports steadier top-line cash generation and strengthens competitive positioning.
Read all positive factors
ARE Holdings, Inc. (5857) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥288.60B
Dividend Yield3.14%
Average Volume (3M)302.09K
Price to Earnings (P/E)14.0
Beta (1Y)1.05
Revenue Growth12.60%
EPS Growth68.61%
CountryJP
Employees952
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)315.48
Shares Outstanding86,853,530
10 Day Avg. Volume356,860
30 Day Avg. Volume302,093
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.13
Price to Sales (P/S)0.46
P/FCF Ratio-2.41
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)347.38
Revenue Forecast (FY)¥715.75B
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
64
Positive
Balance Sheet
48
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 569.99B | 506.21B | 322.25B | 292.45B | 192.44B |
| Gross Profit | 44.82B | 28.94B | 21.36B | 29.46B | 34.66B |
| EBITDA | 35.26B | 23.44B | 17.14B | 19.50B | 29.95B |
| Net Income | 24.44B | 14.32B | 24.49B | 10.93B | 18.73B |
Balance Sheet | |||||
| Total Assets | 615.39B | 490.04B | 318.00B | 287.45B | 298.39B |
| Cash, Cash Equivalents and Short-Term Investments | 10.34B | 17.55B | 6.88B | 17.95B | 6.26B |
| Total Debt | 183.20B | 290.42B | 136.82B | 144.85B | 151.70B |
| Total Liabilities | 384.83B | 363.69B | 191.52B | 180.48B | 193.25B |
| Stockholders Equity | 230.56B | 126.30B | 126.48B | 106.96B | 105.14B |
Cash Flow | |||||
| Free Cash Flow | -107.72B | 7.26B | 5.04B | 32.34B | 2.70B |
| Operating Cash Flow | -99.39B | 14.69B | 12.62B | 36.75B | 11.10B |
| Investing Cash Flow | -409.00M | 305.00M | -28.71B | -3.94B | -7.82B |
| Financing Cash Flow | 91.94B | -6.26B | 7.05B | -23.82B | -6.04B |
ARE Holdings, Inc. Technical Analysis
Negative
3195.00
Price Trends
3692.75
Negative
3675.36
Negative
2979.99
Positive
Market Momentum
-24.83
Positive
40.37
Neutral
4.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5857, the sentiment is Negative. The current price of 3195 is below the 20-day moving average (MA) of 3754.00, below the 50-day MA of 3692.75, and above the 200-day MA of 2979.99, indicating a neutral trend. The MACD of -24.83 indicates Positive momentum. The RSI at 40.37 is Neutral, neither overbought nor oversold. The STOCH value of 4.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥201.22B | 22.33 | 11.00% | 2.20% | 6.75% | -0.16% | |
73 Outperform | ¥25.83B | 8.53 | ― | 2.62% | -14.20% | 231.20% | |
72 Outperform | ¥421.05B | 24.29 | ― | 1.30% | 9.57% | 9.73% | |
70 Outperform | ¥5.83B | 6.72 | ― | 1.80% | 4.07% | -20.12% | |
67 Neutral | ¥7.36B | 57.57 | ― | 1.36% | -4.59% | -14.60% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥288.60B | 13.96 | ― | 3.14% | 12.60% | 68.61% |
* Industrials Sector Average
JP:5857
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ARE Holdings, Inc. Corporate Events
ARE Holdings Raises Annual Dividend Payout on Stronger Returns
May 19, 2026
ARE Holdings, Inc. has approved a year-end dividend of ¥65 per share for the fiscal year ended March 31, 2026, matching its earlier forecast and significantly higher than the previous year’s ¥40. The total dividend payout will be &...
ARE Holdings Boosts Earnings, Strengthens Balance Sheet and Lifts Dividend
May 1, 2026
ARE Holdings, Inc. reported strong results for the fiscal year ended March 31, 2026, with revenue rising 12.6% to ¥569.99 billion and operating profit surging 85.6% to ¥37.09 billion, driving a 70.7% jump in profit attributable to owners...
ARE Holdings Sets 2026 Director Slate and Confirms Group Leadership Structure
May 1, 2026
ARE Holdings, Inc. has proposed the reappointment of President and CEO Tomoya Higashiura as Representative Director and Akinori Yamamoto as Outside Director at its June 16, 2026, annual general meeting of shareholders. The move underscores continu...
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...
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.