Toray Industries, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2024 and Year Ending March 31, 2025
May 13, 2024 at 04:00 am
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Toray Industries, Inc. provided consolidated earnings guidance for the Six months ending September 30, 2024 and Year ending March 31, 2025. For the six months period, the company now expects revenue of ¥1,260,000 million, core operating income of ¥60,000 million, profit attributable to owners of parent of ¥39,000 million and basic earnings per share of ¥24.35.
For the year, the company now expects revenue of ¥2,620,000 million, core operating income of ¥135,000 million, profit attributable to owners of parent of ¥81,000 million and basic earnings per share of ¥50.57.
Toray Industries, Inc. is a diversified group organized around 5 areas of activity:
- fiber and textile production (38.2% of net sales): nylon, polyester, acrylic fibers, non-woven products, etc.;
- plastic and chemical manufacture (38.2%): resins, plastic films, fine chemicals, etc.;
- engineering and environmental services (10.3%): development, construction, and assembly of industrial units, manufacture of seawater desalinization equipment, wastewater treatment equipment, etc.;
- production of carbon fibers (9.7%);
- other (3.6%): primarily fabrication of pharmaceutical and medical products.
Net sales break down geographically as follows: Japan (44%), China (19.5%), Asia (19.8%) and other (16.7%).
TORAY INDUSTRIES, INC. 