ARE Holdings (5857) Q2 2026 earnings summary

Executive summary

• Q2 FY2026.3 consolidated sales revenue was ¥238.2 billion, a slight year-over-year decrease, but operating profit rose sharply to ¥15.3 billion, and net income increased to ¥10.8 billion.

• Operating profit grew 84.3% year-on-year, driven by the Precious Metals business, especially in North America and jewelry, despite some segment declines.

• North American Refining Business expanded recycling, boosting both performance and environmental contributions.

Financial highlights

• Sales revenue for Q2 FY2026.3 was ¥238.2 billion, down 0.9% year-over-year.

• Operating profit increased by ¥7.0 billion to ¥15.3 billion year-over-year.

• Net income rose by ¥4.2 billion to ¥10.8 billion year-over-year.

• Gross profit for the period was ¥18,122 million, up from ¥11,650 million in the prior year.

• Basic earnings per share increased to ¥141.60 from ¥86.41 year-on-year.

Outlook and guidance

• Full-year sales revenue forecast revised upward to ¥517.0 billion, operating profit to ¥30.0 billion, and net income to ¥21.6 billion, all record highs.

• Basic EPS forecast at ¥281.90.

• Dividend forecast raised to ¥120 per share, reflecting a 40% payout ratio.