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Raw materials & energyCapital & Financial Markets 9 Nov 2026

Rengo posts 67% operating profit rise in first half on pricing gains

Rengo reported April-September 2026 sales of USD 3.509bn (JPY 554.141bn), up 11.4% year on year, with operating profit up 67.1% to USD 211.3m (JPY 33.369bn). Price revisions, advance buying and newly consolidated subsidiaries outweighed higher energy, raw material, labour and logistics costs across corrugated, flexible and heavy-duty packaging. Full-year guidance is unchanged at USD 6.90bn (JPY 1,090bn) sales and USD 291m (JPY 46bn) operating profit. The forecast annual dividend is JPY 50 (USD 0.32), against JPY 40 (USD 0.25) last year.

Why this mattersPrice revisions and newly consolidated businesses lifted Rengo's corrugated and flexible packaging profits, showing Japanese converters are passing cost increases on to customers.

  • April-September 2026 sales up 11.4% to USD 3.509bn (JPY 554.141bn)
  • Operating profit up 67.1% to USD 211.3m (JPY 33.369bn); net profit attributable to owners up 89.0% to USD 132.0m (JPY 20.850bn)
  • Paperboard and paper processing operating profit up 43.0% to USD 113.7m (JPY 17.947bn) on sales up 5.5%
  • Flexible packaging profit up 129.3% to USD 77.8m (JPY 12.282bn) on sales up 17.3%
  • Corrugated board output up 0.9% to 2.137bn m2; paperboard output up 1.9% to 1.256m tonnes
  • Full-year guidance unchanged at USD 6.90bn (JPY 1,090bn) sales and USD 291m (JPY 46bn) operating profit
Rengo
Sources papnews.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-10 · Edited before publication: None of the JPY amounts had a USD conversion; all now converted at USD 1 = JPY 157.9. The dividend was not 'raised': the forecast stays at JPY 50, against JPY 40 last year. 'Ahead of expected cost increases' is not in the source.