ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Process Industries

Toray Industries, Inc.

Business Summary

Toray Industries, Inc. is an integrated chemical industry group that engages in the manufacture, processing, and sale of various materials for automobiles and aircraft to apparel and information technology-related products. It operates through the following segments: Fibers and Textiles, Functional Chemicals, Carbon Fiber Composite Materials, Environment & Engineering, Life Science, and Others. The Fibers and Textiles segment involves the production and sale of nylon, polyester, acrylic fiber and textile products, and synthetic suede. The Functional Chemicals segment handles the production and sale of nylon and ABS resins, polyester and polypropylene films, and raw materials for synthetic fibers and fine chemicals. The Carbon Fiber Composite Materials segment provides the production and sale of carbon fibers and advanced composite materials. The Environment & Engineering segment involves construction and plant engineering services, including the manufacturing of industrial equipment, machinery, and environmental equipment. The Life Science segment deals with the production and sale of pharmaceutical and medical products. The Others segment includes analysis, survey, research and information processing services. The company was founded on January 12, 1926 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue1,883.60B17,760.19M
Gross Profit377,500M3,559.39M
Operating income90,519M853.49M
Income before tax52,754M497.40M
Net income45,794M431.78M
EBITDA206,338M1,945.53M
Diluted EPS28.570.26
Dividends Per Share90.08
Total Assets2,848.83B25,781.34M
Total liabilities1,526.56B13,815.05M
Total equity1,237.85B11,202.27M
Operating cash flow211,591M1,995.06M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 2,026.47B 2,204.85B 2,388.84B 2,091.16B 1,883.60B
Gross Profit 424,727M 451,220M 448,006M 429,287M 377,500M
Operating income 146,893M 156,464M 141,469M 128,636M 90,519M
Income before tax 139,012M 136,612M 127,419M 112,599M 52,754M
Net income 99,418M 95,915M 79,373M 84,230M 45,794M
EBITDA 244,446M 261,144M 254,779M 243,361M 206,338M
Diluted EPS 62.10 59.89 49.55 52.55 28.57
Dividends Per Share 14 15 16 16 9
Total Assets 2,396.78B 2,575.91B 2,788.35B 2,733.52B 2,848.83B
Total liabilities 1,296.60B 1,406.72B 1,574.40B 1,532.67B 1,526.56B
Total equity 1,022.47B 1,092.02B 1,132.37B 1,116.07B 1,237.85B
Operating cash flow 173,958M 129,180M 176,239M 238,262M 211,591M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 18,713.79M 19,893.61M 21,541.59M 19,233.39M 17,760.19M
Gross Profit 3,922.21M 4,071.19M 4,039.92M 3,948.34M 3,559.39M
Operating income 1,356.50M 1,411.71M 1,275.70M 1,183.12M 853.49M
Income before tax 1,283.73M 1,232.59M 1,149.00M 1,035.62M 497.40M
Net income 918.09M 865.40M 715.75M 774.70M 431.78M
EBITDA 2,257.37M 2,356.20M 2,297.48M 2,238.30M 1,945.53M
Diluted EPS 0.57 0.54 0.44 0.48 0.26
Dividends Per Share 0.12 0.13 0.14 0.14 0.08
Total Assets 21,509.33M 24,221.05M 25,191.77M 25,320.92M 25,781.34M
Total liabilities 11,636.08M 13,227.28M 14,224.21M 14,197.34M 13,815.05M
Total equity 9,175.95M 10,268.25M 10,230.57M 10,338.33M 11,202.27M
Operating cash flow 1,606.44M 1,165.54M 1,589.24M 2,191.40M 1,995.06M

Valuation Measures

Mar 2021
PER24.89
ROA1.64%
ROE3.89%
Operating margin4.80%
Profit margin2.43%

Key executives

  • President, CEO, COO & Representative Director: Akihiro Nikkaku
  • Representative Director, EVP & Technology Manager: Koichi Abe
  • Representative Director, EVP & Head-Overall Sales: Mitsuo Oya
  • Director & Senior Managing Executive Officer: Kazuyuki Adachi
  • Director & Senior Managing Executive Officer: Yasuo Suga

Shareholders

  • Nippon Life Insurance Co. (6.5%)
  • Nomura Asset Management Co., Ltd. (4.3%)
  • Asset Management One Co., Ltd. (4.0%)
  • The Vanguard Group, Inc. (2.3%)
  • Toray Industries, Inc. (1.8%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Daiwa Asset Management Co. Ltd. (1.6%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (1.6%)
  • Sumitomo Mitsui Financial Group, Inc. (1.4%)
  • BlackRock Fund Advisors (1.4%)

Contact Details

  • Website:http://www.toray.co.jp
  • Address: Nihonbashi Mitsui Tower, 2-1-1 Nihonbashi-Muromachi, Tokyo, 103-8666, Japan
  • Phone: +81.3.3245.5111

Related Companies

  • Toray Industries Hungary Kft.
  • Toray Plastics Precision Co., Ltd.
  • Toray Medical (Qingdao) Co., Ltd.
  • Toray Corporate Business Research, Inc.
  • Toray Industries Europe GmbH
  • Toray Hybrid Cord, Inc.
  • Toray Kusumgar Advanced Textile Pvt Ltd.
  • Toray Textiles (Thailand) Public Company Limited
  • Toray International India Pvt Ltd.
  • Toray Composite Materials America, Inc.
  • Dongli Precision Technology (Suzhou) Co., Ltd.
  • Lg Chem Ltd. /Jp// Plant /
  • Toray Opelontex Co., Ltd.
  • Toray Resins Europe GmbH
  • Delta-Tech SpA
  • Toray Industries (South China) Co. Ltd.
  • Toray Jifa (Qingdao) Textile Co. Ltd.
  • Toray Fibers & Textiles Research Laboratories (China) Co. Ltd.
  • Toray International Trading (Hong Kong) Co. Ltd.
  • Toray Plastics Precision (Thailand) Co. Ltd.
  • Toray Film Products (Zhongshan) Ltd.
  • Toray Plastics Precision (Zhongshan) Ltd.
  • Toray Plastics (Shenzhen) Ltd.
  • Toray Advanced Materials Research Laboratories (China) Co. Ltd
  • Toray Film Products (Hong Kong) Ltd.
  • Toray Plastics (Chengdu) Co. Ltd.
  • Toray Industries (India) Pvt Ltd.
  • Toray Advanced Film Kaohsiung Co. Ltd.
  • Toray do Brasil Ltda.
  • Toray Sakai Weaving & Dyeing (Nantong) Co., Ltd.

Competitors

  • DuPont de Nemours, Inc.
  • Solvay SA
  • Kolon Industries, Inc.
  • UFlex Limited
  • HUVIS CORPORATION
  • Berry Global Group Inc
  • Celanese Corporation
  • Daehan Synthetic Fiber Co., Ltd.
  • Polyplex (Thailand) Public Co. Ltd.
  • Polyplex Corporation Limited
  • Wah Hong Industrial Corp.
  • Universal Incorporation
  • SK Chemicals Co., Ltd.
  • Sinochem International Corporation Class A
  • Avgol Industries 1953 Ltd
  • Creative & Innovative System Corp.
  • Fuwei Films (Holdings) Co., Ltd.
  • SGL Carbon SE
  • Camtek Ltd
  • Fresenius Medical Care AG & Co. KGaA
  • Ningbo Solartron Technology Co., Ltd. Class A
  • Guangzhou Fangbang Electronics Co. Ltd. Class A
  • HMT (Xiamen) New Technical Materials Co Ltd Class A
  • Cara Therapeutics Inc
  • Jiangsu Sidike New Materials Science & Technology Co., Ltd. Class A
  • Nephros, Inc.
  • CytoSorbents Corporation
  • Sienna Biopharmaceuticals, Inc.
  • Avic Aviation High-Technology Co., Ltd. Class A
  • JMC Electronics Co., Ltd.
Last Updated on 22 Oct, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more