Toray Industries, Inc. Provides Second Quarter and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024
August 06, 2023 at 11:30 pm EDT
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Toray Industries, Inc. provided second quarter and year end dividend guidance for the fiscal year ending March 31, 2024. For the second quarter, the company expected dividend of JPY 9.00 per share compared to JPY 9.00 per share paid a year ago.
For the full year, the company expected year end dividend of JPY 9.00 per share compared to JPY 9.00 per share paid a year ago.
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. 
