Overview
Machinery

RHEON AUTOMATIC MACHINERY CO.,LTD.

Rheon Automatic Machinery is a Japan-based manufacturer specializing in the development and production of food processing machinery, including encrusting machines, bread-forming lines, and other automated food shaping systems. The company pioneered the world's first automatic forming machines for steamed buns and croissants, and its equipment is exported to 127 countries and regions globally. In addition to machinery, the group operates a food manufacturing business through its U.S. subsidiary, Orange Bakery, producing high-value frozen bakery products using Rheon's own systems as a model factory.

Market Cap
¥38.9B
US$248M
EV
¥26.8B
US$171M
Stock¥1,440▼-0.76%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.0
x
LTM EV/EBIT
5.2
x
LTM PER
9.6
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
38.9BUS$248MMarket Cap1.41BUS$8.98M+ Debt10.6BUS$67.6M− Cash2.89BUS$18.5M− Inv. Sec.26.8BUS$171MEV
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Performance & Balance
Revenue 5Y (¥B)
26.6US$170M'22/335.3US$225M'23/337.7US$240M'24/339.2US$250M'25/342.0US$268M'26/3
EBITDA 5Y (¥B)
2.22US$14.2M'22/34.18US$26.7M'23/36.15US$39.2M'24/36.78US$43.3M'25/36.68US$42.6M'26/3
Net Income 5Y (¥B)
1.49US$9.48M'22/32.74US$17.5M'23/33.68US$23.4M'24/33.89US$24.8M'25/33.90US$24.9M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
11.0US$70.0M2.07US$13.2M'22/312.7US$80.9M1.94US$12.4M'23/315.2US$96.8M1.63US$10.4M'24/317.7US$113M1.42US$9.05M'25/313.5US$86.1M1.74US$11.1M'26/3
Shareholders
Top 10 hold 49.7%
1
Hayashi Rheology Memorial Foundation
11.20%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.00%
3
Ram Shoji Ltd.
6.30%
4
Custody Bank of Japan, Ltd. (Trust Account)
6.00%
5
The Ashikaga Bank, Ltd.
4.30%
6
RHEON AUTOMATIC MACHINERY CO.,LTD. Employee Stock Ownership Association
3.30%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.30%
8
THE TOCHIGI BANK,LTD.
1.80%
9
Futaba Kikaku Co., Ltd.
1.80%
10
Nippon Life Insurance Company
1.70%
Management
9 officers
Mikio KOBAYASHI
Representative Director, President
Apr 1977 Joined the Company Apr 2002 General Manager, Technical Service Department Apr 2007 Executive Officer, General Manager, Technical Service Department Oct 2011 President, Orange Bakery Sep 2014 Representative Director, President, Hoshino Natural Yeast Starter Ltd. Jun 2015 Director and Executive Officer; Representative Director, Chairman, Orange Bakery Jul 2016 Representative Director, Chairman and President, Orange Bakery Jul 2018 Representative Director, Chairman, Orange Bakery Jun 2019 Director, Managing Executive Officer Apr 2020 Director, Senior Managing Executive Officer Apr 2021 Representative Director, President (current)
1955-02-25
Kazushige ONUKI
Director, Managing Executive Officer, General Manager, Sales Division
Apr 1987 Joined the Company Jul 2014 President, Leon USA Jul 2018 Executive Officer, General Manager, Overseas Sales Division; Representative Director, Chairman, Leon USA (current) Jun 2019 Managing Executive Officer, General Manager, Overseas Sales Division Apr 2020 Managing Executive Officer, General Manager, Sales Division and General Manager, Overseas Sales Division Apr 2021 Managing Executive Officer, General Manager, Sales Division and General Manager, Overseas Sales Promotion Department Jun 2021 Director, Managing Executive Officer (current)
1964-11-23
Masaki HOSOYA
Director, Managing Executive Officer, General Manager, Development and Design Division; in charge of Quality Control
Apr 1988 Joined the Company Apr 2021 Executive Officer, General Manager, Development and Design Department; Director, Orange Bakery Jun 2023 Director, Managing Executive Officer (current)
1963-09-19
Yoshiyuki KIKUCHI
Director, Managing Executive Officer, General Manager, Technical Service Department; in charge of Food Manufacturing and Sales Business
Apr 1990 Joined the Company Apr 2014 President, Leon Europe Apr 2020 Executive Officer, General Manager, Technical Service Department Apr 2025 Managing Executive Officer, General Manager, Technical Service Department Apr 2025 Representative Director, Chairman, Orange Bakery (current) Jun 2025 Director, Managing Executive Officer (current)
1967-07-31
Ko HIRAHARA
Director
Apr 2000 Registered as Attorney-at-Law; joined Ohkura Hiroshi Law Office Jun 2015 Outside Director, the Company Feb 2019 Joined Kencho-dori Law Office (current)
1973-07-15
Takae AKATSUKA
Director
Oct 2000 PricewaterhouseCoopers Tax Office (now PwC Tax Japan) Apr 2004 Registered as Certified Public Accountant Jul 2006 Citigroup Securities Co., Ltd. (formerly Nikko Citigroup Securities Ltd.) May 2008 Deloitte Tohmatsu FAS Co., Ltd. (now Deloitte Tohmatsu LLC) Feb 2010 Registered as Certified Tax Accountant Oct 2010 Coca-Cola (Japan) Company, Limited Aug 2016 Fair Consulting Tax Accountant Corporation Feb 2022 Representative, Premier International Tax Office (current) Jun 2023 Outside Director, the Company (current); Outside Audit & Supervisory Board Member, Atsugi Co., Ltd. (current) Jun 2024 Outside Director, Enplas Corporation (current)
1970-03-19
Norio AKITA
Full-time Audit & Supervisory Board Member
Apr 1987 Joined the Company Apr 2015 General Manager, General Affairs Department Apr 2021 Executive Officer, General Manager, General Affairs Department Apr 2022 Executive Officer, General Manager, General Affairs Department and Secretariat Office Apr 2024 Advisor, Administration Division May 2024 Audit & Supervisory Board Member, Leon Aluminum Co., Ltd. (current) Jun 2024 Full-time Audit & Supervisory Board Member (current)
1963-08-11
Fujio YOKOYAMA
Audit & Supervisory Board Member
Aug 2018 Registered as Certified Tax Accountant; opened Fujio Yokoyama Tax Accountant Office Jun 2021 Outside Audit & Supervisory Board Member, the Company (current)
1956-04-15
Eri MINAKAMI
Audit & Supervisory Board Member
Jun 1999 Registered as Certified Public Accountant; Katsushima Toshiaki Tax Accountant Office (now Deloitte Tohmatsu Tax Co.) Apr 2001 Schlumberger K.K. Mar 2003 KPMG Tax Corporation Dec 2008 EY Tax Corporation May 2010 Registered as US Certified Public Accountant Jul 2011 Opened Eri Minakami CPA and Tax Accountant Office; Representative (current) Jul 2017 Established Herald Advisory LLC; Representative (current) Jun 2024 Outside Audit & Supervisory Board Member, the Company (current) Jun 2025 Outside Audit & Supervisory Board Member, Saison Technology Co., Ltd. (current)
1969-05-13
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINETAmended
2022-03-14
Amended Quarterly Securities Report
EDINETAmended
2022-03-14
Amended Quarterly Securities Report
EDINET
2022-03-14
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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