Process Industries

Toray Industries, Inc.

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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 2022	JPY	USD
Revenue	2,228.52B	19,831.53M
Gross Profit	435,969M	3,879.67M
Operating income	130,207M	1,158.70M
Income before tax	100,973M	898.55M
Net income	84,235M	749.60M
EBITDA	250,576M	2,229.86M
Diluted EPS	52.19	0.46
Dividends Per Share	16	0.14
Total Assets	3,043.88B	25,078.32M
Total liabilities	1,544.23B	12,722.81M
Total equity	1,405.59B	11,580.56M
Operating cash flow	138,286M	1,230.60M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	2,204.85B	2,388.84B	2,091.16B	1,883.60B	2,228.52B
Gross Profit	451,220M	448,006M	429,287M	377,500M	435,969M
Operating income	156,464M	141,469M	128,636M	90,519M	130,207M
Income before tax	136,612M	127,419M	112,599M	52,754M	100,973M
Net income	95,915M	79,373M	84,230M	45,794M	84,235M
EBITDA	261,144M	254,779M	243,361M	206,338M	250,576M
Diluted EPS	59.89	49.55	52.55	28.57	52.19
Dividends Per Share	15	16	16	9	16
Total Assets	2,575.91B	2,788.35B	2,733.52B	2,848.83B	3,043.88B
Total liabilities	1,406.72B	1,574.40B	1,532.67B	1,526.56B	1,544.23B
Total equity	1,092.02B	1,132.37B	1,116.07B	1,237.85B	1,405.59B
Operating cash flow	129,180M	176,239M	238,262M	211,591M	138,286M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	19,893.61M	21,541.59M	19,233.39M	17,760.19M	19,831.53M
Gross Profit	4,071.19M	4,039.92M	3,948.34M	3,559.39M	3,879.67M
Operating income	1,411.71M	1,275.70M	1,183.12M	853.49M	1,158.70M
Income before tax	1,232.59M	1,149.00M	1,035.62M	497.40M	898.55M
Net income	865.40M	715.75M	774.70M	431.78M	749.60M
EBITDA	2,356.20M	2,297.48M	2,238.30M	1,945.53M	2,229.86M
Diluted EPS	0.54	0.44	0.48	0.26	0.46
Dividends Per Share	0.13	0.14	0.14	0.08	0.14
Total Assets	24,221.05M	25,191.77M	25,320.92M	25,781.34M	25,078.32M
Total liabilities	13,227.28M	14,224.21M	14,197.34M	13,815.05M	12,722.81M
Total equity	10,268.25M	10,230.57M	10,338.33M	11,202.27M	11,580.56M
Operating cash flow	1,165.54M	1,589.24M	2,191.40M	1,995.06M	1,230.60M

Valuation Measures

Mar 2022
PER	12.13
ROA	2.85%
ROE	6.37%
Operating margin	5.84%
Profit margin	3.77%

Key executives

President, CEO, COO & Representative Director: Akihiro Nikkaku
Representative Director & Executive Vice President: Mitsuo Ohya
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. (3.6%)
The Vanguard Group, Inc. (2.3%)
Toray Industries, Inc. (1.8%)
Daiwa Asset Management Co. Ltd. (1.7%)
National Mutual Insurance Fed. of Agricultural Cooperatives (1.6%)
BlackRock Fund Advisors (1.5%)
Nikko Asset Management Co., Ltd. (1.5%)
Sumitomo Mitsui Financial Group, Inc. (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

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Competitors

DuPont de Nemours, Inc.
Solvay SA
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UFlex Limited
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Polyplex (Thailand) Public Co. Ltd.
Polyplex Corporation Limited
Wah Hong Industrial Corp.
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Avgol Industries 1953 Ltd
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SGL Carbon SE
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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.
Viavi Solutions Inc
Favite, Inc.

Last Updated on 8 Aug, 2022