Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

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Research Coverage of Japanese Listed Companies

ARE Holdings (5857): Beneficiary of a More Complex Product

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Revenue increased to JPY384.7bn (+3.1% YoY), with operating profit at JPY28.6bn (+95.0% YoY), driven by precious metals.</li><li>The company revised its full-year forecast upward, expecting revenue of JPY585.0bn and operating profit of JPY35.0bn.</li><li>Year-end dividend forecast increased to JPY65.0 per share, targeting a 40% dividend payout ratio.</li></ul>

Revenue increased to JPY384.7bn (+3.1% YoY), with operating profit at JPY28.6bn (+95.0% YoY), driven by precious metals.The company revised its full-year forecast upward, expecting revenue of JPY585.0bn and operating profit of JPY35.0bn.Year-end dividend forecast increased to JPY65.0 per share, targeting a 40% dividend payout ratio.

Asahi Holdings (5857 JP): Q3 FY03/26 flash update