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Source: TDnet timely disclosures
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Rengo H1 net profit jumps 89% to ¥20.85 billion, interim dividend raised to ¥25

Thu, Nov 05, 2026 13:00 JST Rengo Co., Ltd. (3941.T) Pulp & Paper 中文

Rengo Co., Ltd. (3941) said net profit attributable to owners of the parent rose 89.0% to ¥20.85 billion in the April-September first half, as operating profit climbed 67.1% to ¥33.37 billion.

H1 net profit¥20.85 billion (+89.0%)
H1 operating profit¥33.37 billion (+67.1%)
Interim dividend¥25.00 per share
FY net profit forecast (unchanged)¥31.0 billion

Revenue for the six months to Sept. 30, 2026 rose 11.4% to ¥554.14 billion, and ordinary profit increased 71.0% to ¥34.27 billion. Earnings per share were ¥85.65, compared with ¥44.50 a year earlier.

ItemH1 FY3/2027Change
Revenue¥554.14 billion+11.4%
Operating profit¥33.37 billion+67.1%
Ordinary profit¥34.27 billion+71.0%
Net profit¥20.85 billion+89.0%

The packaging maker said containerboard output exceeded the prior year as exports grew on firm demand in China and Southeast Asia, while heavy-duty packaging saw advance purchases of packaging materials linked to the Middle East situation. It has been revising cellophane prices from July deliveries.

Rengo set an interim dividend of ¥25.00 per share, up from ¥20.00, and kept its annual dividend forecast at ¥50.00, versus ¥40.00 last fiscal year. It left its full-year forecast unchanged: revenue of ¥1.09 trillion, operating profit of ¥46.0 billion, ordinary profit of ¥44.0 billion and net profit of ¥31.0 billion, or ¥127.34 per share.

Separately, the board approved absorbing wholly owned subsidiary Daiko Seishi, a kraft pulp and kraft paper maker Rengo acquired after it entered corporate reorganization proceedings in 2021. Daiko Seishi posted an operating loss of ¥5.50 billion on revenue of ¥10.66 billion in the year to March 2026. No shares will be allotted, and Rengo said the impact on consolidated results would be minor.

Rengo plans to file its semi-annual report on Nov. 13, 2026, and begin paying the interim dividend on Dec. 2, 2026. The merger is scheduled to take effect on Oct. 1, 2027.


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