ARE Holdings' current-period consolidated net profit reached ¥20.9 billion, exceeding its previous forecast. It raised its full-year profit forecast from ¥29 billion to ¥36 billion and its annual dividend from ¥135 to ¥155.
ARE Holdings released its earnings after the close on 4 November 2024. Consolidated net profit for the cumulative second quarter of the fiscal year ending March 2027 (April–September) was ¥20.9 billion, up 92.9% year on year and above the previous forecast of ¥14 billion.
The full-year consolidated net profit forecast was raised from ¥29 billion to ¥36 billion, increasing the projected growth rate to 47.3%. Net profit in the previous fiscal year was ¥24.4 billion. Based on the company's forecast, net profit for the second half (October–March) is also expected to increase year on year.
In line with strong earnings, the annual dividend for the current fiscal year was raised from the previous plan of ¥135 to ¥155. Net profit for the July–September quarter was ¥12.3 billion, and the ratio of operating profit to revenue improved to 9.8%. The company is consequently expected to draw attention for further improvement in its financial metrics.