Toray Industries, Inc. Provides Earnings Guidance for the Six Months and Full Year of Fiscal Ending March 31, 2022
August 04, 2021 at 09:03 am IST
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Toray Industries, Inc. provides earnings guidance for the six months and full year of fiscal ending March 31, 2022. For the six months ending September 30, 2021, The company expects Revenue to be JPY 1,065,000 million, Core Operating profit to be JPY 60,000 million, Profit attributable to owners of parent to be JPY 45,000 million or JPY 28.11 per basic share.
For the full year ending March 31, 2022, The company expects Revenue to be JPY 2,250,000 million, Core Operating profit to be JPY 130,000 million, Profit attributable to owners of parent to be JPY 90,000 million or JPY 56.23 per basic 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. 
