Rengo substantially revised its consolidated ordinary profit forecast for the current fiscal year’s interim period (April–September) upward from the previous forecast of ¥24.0 billion to ¥34.2 billion, putting it above the same period of the previous year. The company expects interim profit to reach a record high for the first time in 3 fiscal years.
Rengo announced an earnings forecast revision after the market close on 2 November, raising consolidated ordinary profit for April–September from the previous forecast of ¥24.0 billion to ¥34.2 billion. Ordinary profit in the same period of the previous year was ¥20.0 billion. The company now expects to set a new interim record high for the first time in 3 fiscal years.
The company said that some items, including net sales, operating profit, ordinary profit and interim net profit attributable to owners of the parent, are expected to exceed the previous forecasts. Price revisions and supply and demand conditions for materials were cited as factors.
The full-year ordinary profit forecast was maintained at the previous forecast of ¥44.0 billion. The company said that higher prices for raw materials and materials such as recovered paper and pulp, as well as the downturn in the European automotive industry, would affect the second half, leaving uncertainty over the earnings outlook.
As a summary of the revised interim results forecast for the current fiscal year, the company indicated revised interim ordinary profit of ¥34.2 billion, an upside of approximately ¥10.2 billion, and substantial year-on-year profit growth. The announcement date was 2 November 2026, and the figures are based on consolidated accounts.
The company said it would promptly disclose any further revisions to its earnings forecasts.