Asahi Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months Ending September 30, 2020; Provides Earnings Guidance for the Year Ending March 31, 2021
April 30, 2020 at 02:30 am
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Asahi Holdings, Inc. reported consolidated earnings results for the year ended March 31, 2020. For the year, the company reported revenue of ¥135,563 million against ¥110,412 million a year ago. Operating income was ¥20,119 million against ¥13,442 million a year ago. Profit was ¥9,846 million against ¥9,000 million a year ago. Basic earnings per share was ¥250.24 against ¥228.14 a year ago. Diluted earnings per share was ¥248.53 against ¥227.21 a year ago.
For the six months ending September 30, 2020, the company expects revenue of ¥69,000 million, operating income of ¥6,700 million, profit attributable to owners of parent of ¥4,400 million or basic earnings per share of ¥111.82.
For the year ending March 31, 2021, the company expects revenue of ¥150,000 million, operating income of ¥16,000 million, profit attributable to owners of parent of ¥10,600 million or basic earnings per share of ¥269.39.
ARE Holdings Inc, formerly Asahi Holdings Inc, is a Japan-based company mainly engaged in the precious metals business and environmental conservation business. The Company operates two businesses. The Precious Metals segment is engaged in the recycling and sale of precious and rare metals such as gold, silver, palladium, and platinum from scrap metal containing precious metals, and refining and processing of precious metals, mainly gold and silver. The Environmental Conservation segment is mainly engaged in the collection, transportation, and intermediate treatment of industrial waste.
Asahi Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months Ending September 30, 2020; Provides Earnings Guidance for the Year Ending March 31, 2021
ARE HOLDINGS, INC. 
