Toray Industries, Inc. Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Full Year Ending March 31, 2024
August 07, 2023 at 04:30 am
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Toray Industries, Inc. revised consolidated earnings guidance for the six months ending September 30, 2023 and full year ending March 31, 2024. For the six months, the company expects revenue of ¥1,200,000 million, core operating income of ¥45,000 million and profit attributable to owners of parent of ¥29,000 million or ¥18.11 earnings per share.
For the year, the company expects revenue of ¥2,560,000 million, core operating income of ¥120,000 million and profit attributable to owners of parent of ¥76,000 million or ¥47.45 earnings per share.
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. 