Pulp & Paper · Fiscal year end Mar 31

Rengo Co., Ltd.

3941

レンゴー株式会社

FIGI BBG000BK1HR43941.T3941 JPCorp. no. 1120001036880

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-14

For the first half of the fiscal year to 2026-03: Revenue ¥497.2 billion (+0.4% YoY), Ordinary income ¥20 billion (-8.4% YoY), Net income ¥11 billion (-41.6% YoY).

	This period	Year on year
Revenue	¥497.2bn	+0.4%
Ordinary profit	¥20.0bn	-8.4%
Net profit to owners	¥11.0bn	-41.6%

From the securities report on EDINET, which states no forecast. History via /v1/companies/3941/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥1.0tn
Net income: ¥21.0bn
ROE: 4.4%
Equity ratio: 37.3%
Dividend / share: ¥40
Employees: 25,573

Revenue · ¥tn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥1,008.3bn	¥21.0bn	¥1,313.1bn	¥528.6bn	4.4%	¥84.7	¥78.2bn
2025-03-31	¥993.3bn	¥29.0bn	¥1,243.1bn	¥500.2bn	6.5%	¥116.94	¥77.0bn
2024-03-31	¥900.8bn	¥33.0bn	¥1,172.5bn	¥439.0bn	8.3%	¥133.33	¥89.6bn
2023-03-31	¥846.1bn	¥20.4bn	¥1,053.1bn	¥385.7bn	5.7%	¥82.47	¥46.1bn
2022-03-31	¥746.9bn	¥28.2bn	¥934.3bn	¥354.3bn	8.6%	¥113.84	¥57.9bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	4.4	21.3
Ordinary margin	0.0371	29.1
Equity ratio, %	37.3	23.1
Revenue growth	0.0152	31.7
Net income growth	-0.2752	19.7
Operating cash flow / assets	0.0595	46.7

Policy-uncertainty measure1.64 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Trade & tariffs 1 Politics & geopolitics 2

Ownership activity 1 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 14.8% held by other listed companies.

Results wording balance: -0.10. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥458.1bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥2.3bn, 2.9% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3941/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Bond ratings stated in filings: R&I A+ (2026-09-04, 第36回無担保社債). One bond's rating on that date, as the company stated it; it may have changed. The agencies' opinions, not ours. /v1/companies/3941/credit-ratings

Share buyback, report to —: ¥13.6bn acquired of a ¥25.0bn limit. /v1/companies/3941/buybacks

Internal control, 2026-06-25: see filing 上記の評価の結果、2026年3月31日時点において、当社グループの財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Paperboard and Packaging Related Business, Flexible Packaging Related Business, Heavy Duty Packaging Related Business, Overseas Business, Other. /v1/companies/3941/segments

Latest voting result: 2026-06-26 · 取締役10名選任の件 · passed. /v1/companies/3941/voting

Ownership changes

All companies →

2026-05-14

Purpose change+1.02pt

― changed its stated purpose for holding Rengo Co., Ltd. (3941): may_make_proposals -> may_make_proposals, shareholder_value_engagement, undervaluation_thesis.

S100Y3CKFiler profile Original filing (PDF, Japanese)
2026-05-14

Increase+1.02pt

― raised holdings in Rengo Co., Ltd. (3941) to 6.06% from 5.04%.

S100Y3CKFiler profile Original filing (PDF, Japanese)
2026-02-03

Stated it may make proposals

― states it may make proposals to the management of Rengo Co., Ltd. (3941) (first filing).

S100XIJSFiler profile Original filing (PDF, Japanese)
2026-02-03

New 5% stake

― disclosed a 5.04% stake in Rengo Co., Ltd. (3941), crossing the 5% reporting threshold.

S100XIJSFiler profile Original filing (PDF, Japanese)
2024-10-21

Below 5%−0.80pt

Sumitomo Mitsui Trust Bank,Limited cut holdings in Rengo Co., Ltd. (3941) to 4.77% from 5.57%, below the 5% threshold.

S100UJMHFiler profile Original filing (PDF, Japanese)
2024-06-19

New 5% stake

Nomura Securities Co.,Ltd. disclosed a 5.02% stake in Rengo Co., Ltd. (3941), crossing the 5% reporting threshold.

S100TNO6Filer profile Original filing (PDF, Japanese)
2023-09-22

Decrease−1.11pt

Sumitomo Mitsui Trust Bank,Limited reduced holdings in Rengo Co., Ltd. (3941) to 5.57% from 6.68%.

S100RVITFiler profile Original filing (PDF, Japanese)
2023-07-06

Decrease−1.05pt

Sumitomo Mitsui Trust Bank,Limited reduced holdings in Rengo Co., Ltd. (3941) to 6.68% from 7.73%.

S100RBK1Filer profile Original filing (PDF, Japanese)
2022-05-18

Below 5%−1.08pt

Nomura Securities Co.,Ltd. cut holdings in Rengo Co., Ltd. (3941) to 3.97% from 5.05%, below the 5% threshold.

S100O2Y4Filer profile Original filing (PDF, Japanese)
2022-05-06

Below 5%−1.15pt

Mitsubishi UFJ Financial Group, Inc. cut holdings in Rengo Co., Ltd. (3941) to 3.90% from 5.05%, below the 5% threshold.

S100NYL7Filer profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
individual filer	2025-12-04 – 2026-05-07	+1,260,300	+0.46pt	¥1,237	¥1,237–1,237
株式会社レノ	2026-03-23 – 2026-05-07	+1,704,100	+0.61pt	—	—
株式会社南青山不動産	2026-01-26 – 2026-01-27	+244,600	+0.09pt	—	—
株式会社ATRA	2025-12-12 – 2026-01-23	+2,650,700	+0.99pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3941/trades.

5% filings

Large shareholding reports on 3941

Filed	Filer	Stake	Change	Stated purpose
2026-05-14	―	6.06%	+1.02pt	may make proposals shareholder value engagement undervaluation thesis
2026-02-03	―	5.04%	—	may make proposals
2024-10-21	Sumitomo Mitsui Trust Bank,Limited	4.77%	−0.80pt	—
2024-06-19	Nomura Securities Co.,Ltd.	5.02%	—	—
2023-09-22	Sumitomo Mitsui Trust Bank,Limited	5.57%	−1.11pt	—
2023-07-06	Sumitomo Mitsui Trust Bank,Limited	6.68%	−1.05pt	—
2022-05-18	Nomura Securities Co.,Ltd.	3.97%	−1.08pt	—
2022-05-06	Mitsubishi UFJ Financial Group, Inc.	3.90%	−1.15pt	strategic holding
2022-01-20	Sumitomo Mitsui Trust Bank,Limited	7.73%	+0.28pt	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 87 issues
Book value: ¥70.4bn
Sold in the year: ¥3.3bn 8 issues
Bought in the year: ¥46m 23 issues
Mutual, both reports: 42
Held by listed cos.: 69

Holds	Book value	Shares vs. prior year	Mutual
Sumitomo Mitsui Financial Group, Inc. 8316	¥13.4bn	0.0%	no
サッポロホールディングス㈱	¥7.2bn	+400.0%	no
DAIKIN INDUSTRIES, LTD. 6367	¥5.2bn	-33.3%	both reports
TOPPAN Holdings Inc. 7911	¥3.5bn	+0.1%	both reports
YAKULT HONSHA CO.,LTD. 2267	¥3.2bn	0.0%	both reports
KIKKOMAN CORPORATION 2801	¥2.7bn	0.0%	both reports
Oji Holdings Corporation 3861	¥2.5bn	0.0%	both reports
Sumitomo Mitsui Trust Group, Inc. 8309	¥2.4bn	0.0%	both reports
TOYO SUISAN KAISHA, LTD. 2875	¥2.4bn	0.0%	both reports
Sumitomo Realty & Development Co.,Ltd. 8830	¥2.1bn	+100.0%	both reports

Held by: YAKULT HONSHA CO.,LTD. 2267, Sumitomo Mitsui Trust Group, Inc. 8309, Oji Holdings Corporation 3861, MS&AD Insurance Group Holdings, Inc. 8725, The Nanto Bank,Ltd. 8367, SAPPORO BREWERIES LIMITED 2501, Japan Pulp & Paper Co., Ltd. 8032, DAIKIN INDUSTRIES, LTD. 6367, TAKUMA CO., LTD. 6013, Mebuki Financial Group,Inc. 7167, Sompo Holdings, Inc. 8630, TOMOKU CO.,LTD. 3946 and 57 more

Purposes, all holdings and mutual flags via /v1/companies/3941/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
㈱日本カストディ銀行	31,505,000	12.62%
日本マスタートラスト信託銀行㈱	27,380,000	10.97%
㈱三井住友銀行	9,562,000	3.83%
individual holder	8,759,000	3.51%
STATE STREET BANK AND TRUST COMPANY 505223	7,424,000	2.97%
住友生命保険(相)	6,808,000	2.73%
STATE STREET BANK AND TRUST COMPANY 505103	5,261,000	2.11%
農林中央金庫	5,215,000	2.09%
レンゴー社員持株会	4,760,000	1.91%
STATE STREET BANK AND TRUST COMPANY 505001	3,524,000	1.41%

U.S. funds holding 3941

SEC Form N-PORT, reports to 2026-07-31

74 U.S. funds held 29,873,531 shares worth $275.3m.

Fund	Shares	Value	% of fund	As of
Avantis International Small Cap Value ETF American Century ETF Trust	5,735,500	$52.5m	0.264%	2026-05-31
T. Rowe Price International Discovery Fund T. ROWE PRICE INTERNATIONAL FUNDS, INC.	3,367,600	$31.5m	0.473%	2026-07-31
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	3,302,771	$30.9m	0.005%	2026-07-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	2,031,770	$17.8m	0.006%	2026-06-30
iShares Core MSCI EAFE ETF iShares Trust	1,536,200	$14.4m	0.008%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/3941
GET /v1/companies/3941/financials
GET /v1/companies/3941/details
GET /v1/companies/3941/segments
GET /v1/companies/3941/voting
GET /v1/companies/3941/tender-offers
GET /v1/companies/3941/indicators
GET /v1/companies/3941/earnings-releases
GET /v1/events?ticker=3941
GET /v1/companies/3941/trades         
GET /v1/companies/3941/cross-holdings 
GET /v1/companies/3941/brief

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