Rheon Automatic Machinery Co., Ltd. provided consolidated earnings guidance for the six months and full year ending March 31, 2023. For the six months, the company expects net sales of JPY 14,800 million, operating profit of JPY 870 million, profit attributable to owners of parent of JPY 840 million and basic earnings per share of JPY 31.34.
For the year, the company expects net sales of JPY 31,420 million, operating profit of JPY 2,540 million, profit attributable to owners of parent of JPY 2,190 million and basic earnings per share of JPY 81.70.
Rheon Automatic Machinery Co Ltd is a Japan-based company engaged in the development, manufacture and sale of food processing machinery, as well as other food manufacturing and sales businesses. Food processing machinery manufacture and sale business operates through Japan, North and South America, Europe and Asia regional segments. It develops, manufactures and sells food forming machines and bread making lines, as well as provides repairs services and purchased products (ovens, mixers, packaging machines). Food manufacture and sale business operates through North and South America and Japan regional segments and engages in the manufacture and sale of highly processed frozen foods such as croissants, Danish pastries, pies, cookies, and frozen roll-in dough and natural yeast bread starters. Food forming machines include universal automatic packaging machines, Cornucopia, Robot EP and others. Bread making lines include the Stress Free V4 System, Stress Free VM System and others.
