Toray KK

3402

Equity

ISIN JP3621000003 / Valor 763751

Tokyo Stock Exchange (2024-12-25)

JPY 992.80+0.12%

Toray KK
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About company

Toray KK, a global conglomerate headquartered in Japan, operates across a diverse range of industries with a focus on the development and manufacturing of advanced materials. Its business encompasses the production of resins and plastics in Mexico, silicone materials through a joint venture with Dow Corning in the U.S., and carbon fibers in Europe through its SOFICAR subsidiary. The company has also made significant strides in the textiles industry with operations in Thailand and China, and in the high-tech field of fluorofibers in the U.S. following the acquisition of Du Pont's business in this area. Additionally, Toray has expanded into the fuel-cell and water electrolysis industry with the establishment of Greenerity GmbH. Its strategic acquisitions, such as Woongjin Chemical Co., Ltd. in South Korea, now Toray Chemical Korea Inc., further demonstrate Toray's commitment to broadening its portfolio and enhancing its global presence in advanced materials and specialty chemicals. This diversified approach allows Toray to leverage its technological expertise across various sectors, including textiles, composites, and electronics, positioning the company as a leader in the development of innovative materials solutions worldwide.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

For the six months ended September 30, 2024, Toray Industries, Inc. reported a consolidated revenue increase of 7.9% year-on-year, reaching ¥1,294.1 billion. This growth was driven by strong performance across various segments, despite challenges in certain markets.

Core Operating Income

Toray KK's core operating income for the same period saw a significant rise of 62.6%, amounting to ¥79.1 billion. This increase reflects the company's effective cost management and strategic initiatives under its Medium-Term Management Program “Project AP-G 2025.”

Profit Attributable to Owners

The profit attributable to owners of Toray Industries, Inc. surged by 92.3% to ¥55.5 billion for the six months ended September 30, 2024. This substantial growth in profit underscores the company's successful operational strategies and market positioning.

Segment Performance

Among the segments, Performance Chemicals stood out with a revenue increase of 10.3% to ¥477.5 billion and a core operating income rise of 134.2% to ¥34.0 billion. This was largely due to recovery in demand for electronic parts and materials, as well as strong performance in the chemicals business.

Dividend Forecast

Toray KK has maintained its forecast for annual dividends per share at ¥18.00 for the fiscal year ending March 31, 2025. This reflects the company's commitment to returning value to shareholders while continuing to invest in growth opportunities.

Summarized from source with an LLMView Source

Key figures

36.2%1Y

45.1%3Y

32.8%5Y

Performance

32.8%1Y

27.9%3Y

30.9%5Y

Volatility