Source disclosure: February 05, 2026
TORAY INDUSTRIES,INC. [3402.T]
TOKYO, Feb 05 (Pulse News Wire) – Toray Industries,inc. (3402.T) announced plans to report impairment losses for its battery separator film business in South Korea due to declining profitability in the automotive sector amid a sluggish electric vehicle market.
For the nine months ended December 31, 2025, the company expects to record impairment losses of ¥25.00 billion. The firm's Korean subsidiary operates primarily in the battery separator film industry, which has seen reduced revenue performance driven by the weakening demand in the EV market.
A comprehensive review of the full-year consolidated earnings forecast for the fiscal year ending March 2026 is ongoing. Toray intends to disclose the finalized figures during its scheduled third-quarter earnings release on February 10.
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