RHEON Automatic Machinery (6272): FY2025 Results Summary — Higher Sales on US and Asia Machinery Demand, Dividend Raised to 58.00 Yen

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: RHEON Automatic Machinery does not publish an English results presentation; this article is an English translation of the Japanese-language article on our sister site Investalk, which is based on the company’s Japanese-language IR materials, with figures transcribed as reported. This site classifies the most recent completed fiscal year as FY2025, while the company’s materials label the period as the fiscal year ended March 2026 (FY3/2026). For FY3/2026, RHEON Automatic Machinery reported consolidated net sales of 42,014 million yen (+7.1% year on year), operating profit of 5,174 million yen (▲2.3%), ordinary profit of 5,588 million yen (+3.2%), and profit attributable to owners of parent of 3,898 million yen (+0.2%). The Food Processing Machinery Manufacturing and Sales business posted higher sales and profit, centered on the US and Asian markets, while the Food Manufacturing and Sales business (Orange Bakery and others) saw lower sales and profit, weighing on consolidated operating profit.

Consolidated Results (Full Year)

Net sales came to 42,014 million yen, exceeding the FY3/2026 plan of 40,520 million yen announced on November 12, 2025. Operating profit of 5,174 million yen was slightly below the plan of 5,230 million yen, but ordinary profit of 5,588 million yen against a plan of 5,320 million yen and profit attributable to owners of parent of 3,898 million yen against a plan of 3,600 million yen both came in above plan.

Item	FY3/2026 Actual	FY3/2025 Actual	Change
Net sales	42,014 million yen	39,214 million yen	+2,800 million yen (+7.1%)
Operating profit	5,174 million yen	5,298 million yen	▲124 million yen (▲2.3%)
Ordinary profit	5,588 million yen	5,415 million yen	+173 million yen (+3.2%)
Profit attributable to owners of parent	3,898 million yen	3,889 million yen	+9 million yen (+0.2%)
ROE	9.5%	10.4%	▲0.9pt
EPS	144.63 yen	144.74 yen	▲0.11 yen
Dividend per share	58.00 yen	44.00 yen	+14 yen

Results by Business

In the Food Processing Machinery Manufacturing and Sales business, firm demand in the US and Asian markets lifted both net sales and segment profit. Net sales were 25,965 million yen (+12.8% year on year) and segment profit was 6,034 million yen (+6.8%), accounting for 62% of consolidated net sales. In the Food Manufacturing and Sales business, the loss of a customer in the United States and the impact of a stronger yen reduced both net sales, at 16,048 million yen (▲0.9%), and segment profit, at 1,549 million yen (▲16.9%).

Business	Metric	FY3/2026	FY3/2025
Food Processing Machinery Manufacturing and Sales	Net sales	25,965 million yen	23,028 million yen
Food Processing Machinery Manufacturing and Sales	Segment profit	6,034 million yen	5,650 million yen
Food Manufacturing and Sales	Net sales	16,048 million yen	16,186 million yen
Food Manufacturing and Sales	Segment profit	1,549 million yen	1,864 million yen

Looking at the Food Processing Machinery Manufacturing and Sales business by region, in Japan there was equipment renewal and new investment in bread production lines and similar equipment, while sales of food forming machines and repairs and other services declined, leaving net sales at 11,484 million yen (▲0.4% year on year) and segment profit at 4,618 million yen (+5.4%). In North and South America, sales of artisan bread and concha production lines were strong, with net sales of 5,857 million yen (+21.5%) and segment profit of 384 million yen (+2.4%). In Europe, sales of small bread-making machines and large lines were strong and a weaker yen provided a tailwind, with net sales of 5,422 million yen (+17.4%) and segment profit of 351 million yen (▲10.0%). In Asia, sales progressed steadily in China, Taiwan, South Korea and Southeast Asia, with net sales of 3,200 million yen (+56.0%) and segment profit of 679 million yen (+35.0%).

Region (Food Processing Machinery Manufacturing and Sales)	Metric	FY3/2026	FY3/2025
Japan	Net sales	11,484 million yen	11,536 million yen
Japan	Segment profit	4,618 million yen	4,380 million yen
North and South America	Net sales	5,857 million yen	4,821 million yen
North and South America	Segment profit	384 million yen	375 million yen
Europe	Net sales	5,422 million yen	4,618 million yen
Europe	Segment profit	351 million yen	390 million yen
Asia	Net sales	3,200 million yen	2,051 million yen
Asia	Segment profit	679 million yen	503 million yen

Within the Food Manufacturing and Sales business, North and South America (Orange Bakery) increased sales on a local currency basis thanks to new customer acquisition, but sales edged down on a yen basis to 15,592 million yen (▲0.6% year on year), and segment profit fell to 1,517 million yen (▲15.5%) on higher customer acquisition costs. In Japan (Hoshino natural yeast bread starter), lower sales to major customers and a higher cost of sales ratio brought net sales to 456 million yen (▲7.5%) and segment profit sharply lower to 32 million yen (▲53.0%).

Full-Year Forecast

For FY3/2027, the company forecasts net sales of 42,900 million yen, operating profit of 5,620 million yen, ordinary profit of 5,690 million yen, profit attributable to owners of parent of 4,020 million yen, and a dividend per share of 60 yen. By business, net sales are forecast at 26,450 million yen for the Food Processing Machinery Manufacturing and Sales business (Japan 11,500 million yen, North and South America 6,220 million yen, Europe 5,700 million yen, Asia 3,030 million yen) and 16,450 million yen for the Food Manufacturing and Sales business (North and South America, Orange Bakery, 15,980 million yen; Japan, Hoshino natural yeast bread starter, 470 million yen).

Item	FY3/2027 Forecast	FY3/2026 Actual
Net sales	42,900 million yen	42,014 million yen
Operating profit	5,620 million yen	5,174 million yen
Ordinary profit	5,690 million yen	5,588 million yen
Profit attributable to owners of parent	4,020 million yen	3,898 million yen
EPS	149.14 yen	144.63 yen
Dividend per share	60 yen	58.00 yen

Shareholder Returns

The dividend per share for FY3/2026 was 58.00 yen, up 14 yen from 44.00 yen in the previous year and above the plan of 54.00 yen announced on November 12, 2025. For FY3/2027 the company forecasts a dividend of 60 yen.

Key Initiatives by Business (FY3/2027)

In the Food Processing Machinery Manufacturing and Sales business, the company expects continued equipment renewal demand from major manufacturers in Japan and an increase in projects using the subsidy program for labor-saving investment by small and medium-sized enterprises. In North and South America it aims to keep winning orders for large bread production lines such as artisan bread lines and to approach prospective customers at the IBIE trade show; in Europe it will strengthen sales of the twin divider, its mainstay small bread-making machine, and step up business development in Africa; and in Asia it aims to capture equipment renewal demand in Taiwan and Southeast Asia and to expand sales in India and Oceania. In the Food Manufacturing and Sales business, North and South America (Orange Bakery) will expand its lineup of post-proofing frozen products and strengthen proposal-based sales to new customers, while Japan (Hoshino natural yeast bread starter) will pursue sales expansion through trade show exhibits and product training sessions.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.