Rheon Automatic Machinery Co., Ltd. Provides Earnings Guidance for the Year Ending March 31, 2022
November 08, 2021 at 01:15 am EST
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Rheon Automatic Machinery Co., Ltd. provided earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales of ?26,290 million, Operating profit of ?2,010 million and profit attributable to owners of parent of ?1,560 million or ?58.21 per basic share.
RHEON AUTOMATIC MACHINERY CO.,LTD. is a Japan-based company mainly engaged in the development, manufacture and sale of automatic food processing machines, and manufacture and sale of food products. It operates through two business segments. Food Processing Machinery Manufacturing and Sales business operates in Japan, North and South America, Europe and Asia, and is engaged in development, manufacture and sale of food molding machines and bread making lines. It also provides equipment and parts repair, options and technical guidance service. It provides ovens, mixers and packaging machines purchased from other companies. Food Manufacturing and Sales business operates in North and South America and Japan. It manufactures and sells high-processing frozen foods such as croissants, danish pastries, pies, cookies and frozen roll-in dough, and natural yeast bread. Food processing machines include universal automatic packaging machines, Martians, flex in clusters, EZ dividers and others.
RHEON AUTOMATIC MACHINERY CO., LTD. 
