TORAY INDUSTRIES,INC. [3402.T]
TOKYO, May 13 (Pulse News Wire) – Toray Industries,inc. (3402.T) reported a slight decline in operating profit for the fiscal year ended March 2026 due to geopolitical issues in the Middle East, which affected its operations.
The company's operating profit stood at ¥141.9 billion compared to the previous fiscal year. Despite this, Toray projects a robust recovery for the fiscal year ending March 2027, forecasting an increase in operating profit to ¥160.0 billion. Segment-wise, fiber sales showed resilience, while functional products faced challenges due to market conditions. However, carbon fiber composite materials saw improvements, contributing positively to overall performance. Specifically, the fiber division recorded an increase of 39%, functional products decreased by 37%, and carbon fiber composites improved by 64%.
Environmental engineering and water treatment businesses also posted positive growth rates. For the upcoming fiscal year, Toray anticipates continued economic recovery globally and domestically, albeit with risks stemming from ongoing geopolitical tensions and potential supply chain disruptions. The company expects revenue to reach 28,300 and operating profit to hit 1,600, marking a significant improvement over the previous year’s figures. Additionally, Toray plans to maintain stable dividend payouts, with a forecasted annual dividend per share of ¥26 for the fiscal year ending March 2027, representing a substantial increase from the prior year. The company remains committed to enhancing shareholder returns through strategic pricing initiatives and cost reduction efforts across various segments.
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