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Rengo, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 4%
3941 Rengo Co., Ltd. 【J-GAAP】
Earnings ReportRengo Co., Ltd. <3941> [TSE Prime] announced its financial results in the afternoon session on February 3rd (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 4.4% from the same period last year to 33.7 billion yen. Progress toward the full-year plan of 40.0 billion yen was 84.3%, below the five-year average of 88.3%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 61.1% from the same period last year, reaching 6.28 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 13.6 billion yen, an increase of 2.0% compared to the same period last year. However, the operating profit margin worsened from 5.5% in the same period last year to 5.0%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 691,742 | 42,748 | 45,089 | 32,981 | 133.2 | 94.0 | Feb 6, 2024 | J-GAAP |
| Apr - Dec, 2024 | 741,486 | 33,364 | 35,277 | 26,352 | 106.3 | 90.0 | Feb 4, 2025 | J-GAAP |
| Apr - Dec, 2025 | 758,754 | 33,004 | 33,714 | 30,128 | 121.5 | 84.3 | Feb 3, 2026 | J-GAAP |
| YoY | +2.3% | -1.1% | -4.4% | +14.3% | +14.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 498,117 | 17,610 | 17,307 | 10,096 | 40.7 | 15 | May 9, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 507,780 | 20,026 | 19,963 | 12,967 | 52.3 | 20 | Nov 6, 2025 | J-GAAP |
| YoY | +1.9% | +13.7% | +15.3% | +28.4% | +28.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 900,791 | 48,855 | 47,984 | 33,025 | 133.3 | 30 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 993,251 | 37,408 | 39,178 | 28,979 | 116.9 | 30 | May 9, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,005,000 | 40,000 | 40,000 | 24,000 | 96.8 | 40 | Nov 6, 2025 | J-GAAP |
| YoY | +1.2% | +6.9% | +2.1% | -17.2% | -17.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 246,352 | 13,566 | 13,406 | 7,469 | 30.1 | 5.5 | Feb 4, 2025 | J-GAAP |
| Jan - Mar, 2025 | 251,765 | 4,044 | 3,901 | 2,627 | 10.6 | 1.6 | May 9, 2025 | J-GAAP |
| Apr - Jun, 2025 | 249,399 | 10,375 | 10,483 | 6,002 | 24.2 | 4.2 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 247,821 | 9,599 | 9,554 | 5,031 | 20.3 | 3.9 | Nov 6, 2025 | J-GAAP |
| Oct - Dec, 2025 | 261,534 | 13,030 | 13,677 | 19,095 | 77.0 | 5.0 | Feb 3, 2026 | J-GAAP |
| YoY | +6.2% | -4.0% | +2.0% | +155.7% | +155.5% |
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