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).