1. Japan Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Rengo Co., Ltd.

Rengo Co., Ltd.

9.65
USD
+4.15
(+75.45%)
Nov 05Next Earn
Rengo Co., Ltd.
OTC:RNGOF
(OTC Markets)

Recent

price

9.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
1,830.67
1,911.96
1,978.05
2,111.91
2,110.35
2,150.48
2,203.09
2,446.38
2,637.85
2,761.77
2,749.4
3,016.36
3,416.03
3,636.62
4,569.87
4,065.99
- -
Revenue per Share
39.67
27.74
50.99
14.94
23.09
39.64
56.04
67.13
69.32
112.24
115.51
113.83
82.47
133.33
133.33
84.7
- -
Basic EPS, GAAP
60.19
-5.51
25.64
-35.32
-97.16
83.22
64.73
-23.91
47.76
93.85
100.94
40.13
7.55
99.29
-98
-51.16
- -
Free Cash Flow per Basic Share
11.12
12
12.16
12
12
12
12
12
12
16
24.04
24.09
24.08
24.13
37.89
35.22
- -
Dividend per Share
618.59
637.85
729.53
792.78
873.6
872.17
946.06
1,029.98
1,066.07
1,123.87
1,265.53
1,380.74
1,505.09
1,716.97
1,872.24
1,972.64
- -
Book Value per Share
586.15
601.79
691.75
742.62
828.47
836.15
841.87
933.77
975.48
968.67
1,123.06
1,239.75
1,309.36
1,521.54
1,679.77
1,821.23
- -
Tangible Book Value per Share
259
258
254
248
248
248
248
248
248
248
248
248
248
248
217
248
248
Basic Weighted Avg Shares
474,878
492,628
502,625
523,141
522,671
532,534
545,489
605,712
653,107
683,780
680,714
746,926
846,080
900,791
993,251
1,008,337
- -
Sales/Revenue/Turnover
6.82
5.09
4.75
2.72
1.07
2.95
4.33
2.82
3.87
6.03
5.87
4.46
3.07
5.42
3.77
3.68
- -
Operating Margin (%)
26,593
27,502
28,484
29,554
31,106
30,676
31,044
32,381
33,693
36,413
40,054
43,893
47,581
52,181
59,626
62,754
- -
Depreciation Expense
10,291
7,148
12,956
3,702
5,718
9,816
13,876
16,622
17,163
27,790
28,599
28,188
20,425
33,025
28,979
21,005
- -
Net Income, GAAP
41.73
37.93
48.03
57.96
51.42
37.68
39.49
25.87
28.79
31.02
29.07
29.45
30.72
32.08
28.58
44.83
- -
Effective Tax Rate (%)
2.17
1.45
2.58
0.71
1.09
1.84
2.54
2.74
2.63
4.06
4.2
3.77
2.41
3.67
2.92
2.08
- -
Profit Margin (%)
-36,384
-46,135
-30,389
-40,773
-34,146
-36,802
-24,289
-23,761
-10,143
-3,042
14,229
39,411
45,333
91,916
58,002
61,512
- -
Working Capital
94,503
114,201
125,583
148,476
153,315
138,398
158,973
159,091
167,879
197,663
206,324
230,899
254,866
295,325
284,559
293,679
- -
LT Debt
165,612
170,931
188,132
201,658
222,390
221,733
241,510
262,580
274,697
288,820
324,463
354,289
385,732
438,978
500,244
528,554
- -
Total Equity
5.13
4.05
3.02
1.35
0.57
2
2.84
2.36
3.26
4.86
4.48
3.44
2.38
3.94
2.89
2.06
- -
Return on Invested Capital (%)
3.19
2.34
3.48
0.96
1.37
2.19
2.82
3.23
3.21
4.92
4.67
4.18
2.79
4.09
3.34
2.21
- -
Return on Capital (%)
6.46
4.42
7.51
1.96
2.77
4.54
6.16
6.79
6.61
10.25
9.67
8.6
5.72
8.28
6.52
4.41
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
152,430
190,299
- -
LT Borrowings
312,166
275,402
- -
LT Finance Leases
14,684
18,277
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
248
248
245
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
487,955
500,111
- -
Cash, Cash Equivalents & STI
81,075
92,217
- -
Accounts Receivable, Net
285,003
282,531
- -
Inventories
107,219
109,871
- -
Total Current Liabilities
386,877
438,599
- -
Payables & Accruals
- -
- -
- -
ST Debt
152,430
190,299
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.12%
10.3%
5.66%
Free Cash Flow
49.11%
169.2%
-40.43%
Net Income, GAAP
12.22%
-1.41%
-27.52%
Sales/Revenue/Turnover
6.68%
8.25%
1.52%
Total Cash Common Dividend
- -
- -
6.06%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
993,251
2026
- -
- -
- -
- -
1,008,337
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
133.33
2026
- -
- -
- -
- -
84.7
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
37.89
2026
- -
- -
- -
- -
35.22
2027
- -
- -
- -
- -
- -
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Business
Rengo Co., Ltd. (3941.T) manufactures and sells a broad range of paperboard and packaging products worldwide. The company produces corrugated board, corrugated boxes, folding cartons and other paper containers; paperboard including containerboard, boxboard and tube board; flexible packaging and cellophane; heavy duty packaging such as polyethylene heavy duty bags, kraft paper bags and flexible container bags, along with highly functional resin products; packaging-related machinery including e-commerce packaging systems, wraparound and setup forming machines, box and tray making machines, sealing machines, box opening systems and ink-jet printers; functional materials such as porous cellulose beads, high-function pulp products, gas adsorption sheets, viscose-processed papers, natural anti-bacterial and anti-mold agents and tinted films; sealing materials including kraft tape, OPP tape, fabric tape and hot-melt products; and nonwovens, water-absorbent mats and sheets, cushioning mats and shielding sheets. Rengo operates through segments encompassing paperboard and paper processing, flexible packaging, heavy duty packaging, overseas business and other activities, serving industries including food, pharmaceuticals, consumer goods, e-commerce and industrial sectors primarily in Japan, Asia, Europe and internationally. Founded in 1909 and headquartered in Nakanoshima Central Tower, Osaka, Japan, the company maintains a Tokyo head office and oversees 121 group companies in Japan with 175 plants, alongside 219 plants and 58 locations overseas. In recent developments, Rengo acquired 100% of Shinko Inc. in April 2025 to bolster its corrugated packaging operations in the Tokyo area; invested in a 28.6% stake of KINKI DANBORU CO., LTD. in April 2025 to enhance collaboration and business continuity in Japan's Kinki region; announced its joint venture Thai Containers Group would acquire a 60% stake in Indonesian corrugated packaging firm PT Prokemas Adhikari Kreasi (Mypak) by end-2025, expanding to 12 factories in Indonesia; saw subsidiaries Tri-Wall acquire heavy duty packaging manufacturers in the United Arab Emirates in January 2025 and Italy in July 2025; reorganized consolidated subsidiaries in April 2025; and formulated a new medium-term vision "Vision120" in April 2025.