Rengo Co (3941) Q1 2026 earnings summary

Executive summary

• Net sales rose 2.0% year-over-year to ¥249.4 billion, driven by product price revisions.

• Operating profit fell 14.4% year-over-year to ¥10.4 billion due to higher fixed and logistics costs.

• Profit attributable to owners of parent dropped 57.1% year-over-year to ¥6.0 billion.

• Comprehensive income turned negative at ¥(3,299) million, mainly from foreign currency translation losses.

Financial highlights

• Net sales: ¥249.4 billion (up ¥4.9 billion year-over-year).

• Operating profit: ¥10.4 billion (down ¥1.7 billion year-over-year).

• Ordinary profit: ¥10.5 billion (down ¥2.8 billion year-over-year).

• Gross profit was ¥47,132 million, nearly flat year-over-year.

• Basic earnings per share decreased to ¥24.22 from ¥56.49 year-over-year.

Outlook and guidance

• No revisions to the most recently disclosed full-year forecast.

• Full-year net sales forecast: ¥1,005.0 billion; operating profit: ¥40.0 billion; profit attributable to owners of parent: ¥24.0 billion.

• Japanese economy expected to recover gradually, but risks remain from U.S. trade policy and rising costs.

• Higher logistics, labor, and depreciation costs anticipated; heavy duty packaging profitability to worsen in Europe.