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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 2022 JPYUSD
Revenue2,228.52B19,831.53M
Gross Profit435,969M3,879.67M
Operating income130,207M1,158.70M
Income before tax100,973M898.55M
Net income84,235M749.60M
EBITDA250,576M2,229.86M
Diluted EPS52.190.46
Dividends Per Share160.14
Total Assets3,043.88B25,078.32M
Total liabilities1,544.23B12,722.81M
Total equity1,405.59B11,580.56M
Operating cash flow138,286M1,230.60M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER12.13
ROA2.85%
ROE6.37%
Operating margin5.84%
Profit margin3.77%

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

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
  • Celanese Corporation
  • Polyplex (Thailand) Public Co. Ltd.
  • Polyplex Corporation Limited
  • Wah Hong Industrial Corp.
  • Daehan Synthetic Fiber Co., Ltd.
  • Universal Incorporation
  • People & Technology, Inc.
  • Avgol Industries 1953 Ltd
  • Creative & Innovative System Corp.
  • Fuwei Films (Holdings) Co., Ltd.
  • SGL Carbon SE
  • Tredegar Corporation
  • Camtek Ltd
  • Fresenius Medical Care AG & Co. KGaA
  • Best Bristle Company Co., Ltd.
  • 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.
  • Viavi Solutions Inc
  • Favite, Inc.
Last Updated on 8 Aug, 2022

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