Toray Industries, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
February 07, 2024 at 10:30 pm EST
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Toray Industries, Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company now expects revenue of JPY 2,470.0 billion, core operating income of JPY 105.0 billion and profit attributable to owners of parent of JPY 58.0 billion or JPY 36.22 earnings per share against previous guidance of expects revenue of JPY 2,540.0 billion, core operating income of JPY 120.0 billion and profit attributable to owners of parent of JPY 71.0 billion or JPY 44.33 earnings per share.
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. 
