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Middle East textile Journal February Digital Issue
Toray net sales up 8.3% to $21,521 mn in 2018-2019

Toray net sales up 8.3% to $21,521 mn in 2018-2019

The consolidated net sales of Toray, an integrated chemical industry group, jumped 8.3 per cent to ¥2,388.8 billion ($21,521 million) for fiscal year ending March 31, 2019, as compared to ¥2,204 billion for the previous fiscal. Toray Group’s total assets stood at ¥2,788.4 billion (US$25,120 million), up ¥212.4 billion from the end of the previous fiscal year.

The overall sales of Fibers & Textiles segment increased 6.6 per cent to ¥974.3 billion ($8,777 million) from the previous year and operating income rose 0.6 per cent to ¥72.9 billion ($657 million), said Toray in a press release.

 

The overall sales of Performance Chemicals segment increased 8.2 per cent to ¥868.8 billion ($7,827 million) from the previous year. Operating income declined 5.1 per cent to ¥67.7 billion ($610 million).

 

The overall sales of Carbon Fiber Composite Materials segment increased 21.3 per cent to ¥215.9 billion ($1,945 million) from the previous year while operating income fell 44.4 per cent to ¥11.5 billion ($104 million).

 

The sales of Environment & Engineering segment increased 8.1 per cent to ¥257.7 billion ($2,321 million) from the previous year while operating income declined 7.9 per cent to ¥12.2 billion ($110 million)

 

The overall sales of Life Science segment declined 0.3 per cent to ¥53.7 billion ($483 million) from the previous year and operating income fell 33 per cent to ¥1.3 billion ($12 million).

 

After taking into account the business expansion primarily in growth fields such as green innovation and life innovation in the difficult business environment, Toray Group expects consolidated net sales of ¥2,530.0 billion ($23,000 million) for the fiscal year through March 31, 2020, operating income of ¥160.0 billion ($1,455 million), and net income attributable to owners of parent of ¥93.0 billion ($845 million).

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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