ARE Holdings, Inc. (5857) raised its net profit forecast for the fiscal year ending March 2027 by 24.1% to ¥36.0 billion, lifted its annual dividend forecast to ¥155 per share from ¥135, and approved a share buyback of up to ¥7.5 billion.
For the April-September first half, revenue rose 53.3% from a year earlier to ¥365.2 billion, operating profit climbed 87.4% to ¥28.7 billion and net profit attributable to owners of the parent increased 92.9% to ¥20.9 billion, 49.5% above the company's May 1 forecast of ¥14.0 billion.
The company said that in its precious metals recycling business, electronics revenue grew on demand related to AI data centers and sales volumes rose as factory inventories declined, even as precious metal prices came in below its assumptions. Profit was boosted by increased arbitrage trading in its North American refining operations and lower financial costs.
| Item | Previous | Revised |
|---|---|---|
| Revenue | ¥680.0 billion | ¥700.0 billion |
| Operating profit | ¥41.0 billion | ¥52.0 billion |
| Pretax profit | ¥40.0 billion | ¥51.0 billion |
| Net profit | ¥29.0 billion | ¥36.0 billion |
| EPS | ¥337.43 | ¥422.98 |
The interim dividend was set at ¥75 per share, up ¥10 from the previous forecast of ¥65, for a total of ¥6.5 billion. The year-end dividend forecast was raised to ¥80 from ¥70.
The buyback covers up to 2.2 million shares, or 2.55% of shares outstanding excluding treasury stock, via the Tokyo Stock Exchange's off-auction ToSTNeT-3 system.
Next steps: the buyback is scheduled for Nov. 5, 2026. The semiannual report is due Nov. 13, and the interim dividend takes effect on Nov. 27.
| Osaka Steel Co., Ltd. | |
| Shares to be purchased | 2.8 million shares (9.36%) |
| Intramart Inc. | |
| Revised FY net profit forecast | ¥1.376 billion (+32.3%) |
| Hirakawa Hewtech Corp. | |
| H1 net sales | ¥25.54 billion (+41.2%) |
| Dainichi Kogyo | |
| H1 operating profit | ¥135 million (down 60.2%) |
| Jason | |
| Shares transferred | 1.6 million shares |
| Nippon Steel Corporation | |
| Tender offer price | ¥2,100 per share |
| TISI Inc. | |
| FY net profit forecast | ¥57.5 billion (from ¥57.0 billion) |
| ARE Holdings, Inc. | |
| FY net profit forecast (revised) | ¥36.0 billion (from ¥29.0 billion) |
| M&A / TOB | 16 |
| Guidance | 40 |
| Buybacks | 7 |
| Dividends | 7 |
| Capital | 6 |
| Earnings | 87 |
| People | 1 |
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