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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 2020 JPYUSD
Revenue2,214.63B20,368.97M
Gross Profit432,193M3,975.07M
Operating income131,186M1,206.57M
Income before tax94,046M864.98M
Net income55,725M512.52M
EBITDA249,510M2,294.85M
Diluted EPS34.570.31
Dividends Per Share160.14
Total Assets2,650.68B24,553.62M
Total liabilities1,471.11B13,627.11M
Total equity1,095.35B10,146.35M
Operating cash flow225,767M2,076.48M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,104.43B 2,026.47B 2,204.85B 2,388.84B 2,214.63B
Gross Profit 436,403M 424,727M 451,220M 448,006M 432,193M
Operating income 154,480M 146,893M 156,464M 141,469M 131,186M
Income before tax 137,808M 139,012M 136,612M 127,419M 94,046M
Net income 90,132M 99,418M 95,915M 79,373M 55,725M
EBITDA 254,685M 244,446M 261,144M 254,779M 249,510M
Diluted EPS 56.31 62.10 59.89 49.55 34.57
Dividends Per Share 13 14 15 16 16
Total Assets 2,278.38B 2,396.78B 2,575.91B 2,788.35B 2,650.68B
Total liabilities 1,253.47B 1,296.60B 1,406.72B 1,574.40B 1,471.11B
Total equity 946,749M 1,022.47B 1,092.02B 1,132.37B 1,095.35B
Operating cash flow 196,142M 173,958M 129,180M 176,239M 225,767M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 17,524.60M 18,713.79M 19,893.61M 21,541.59M 20,368.97M
Gross Profit 3,634.13M 3,922.21M 4,071.19M 4,039.92M 3,975.07M
Operating income 1,286.42M 1,356.50M 1,411.71M 1,275.70M 1,206.57M
Income before tax 1,147.59M 1,283.73M 1,232.59M 1,149.00M 864.98M
Net income 750.57M 918.09M 865.40M 715.75M 512.52M
EBITDA 2,120.88M 2,257.37M 2,356.20M 2,297.48M 2,294.85M
Diluted EPS 0.46 0.57 0.54 0.44 0.31
Dividends Per Share 0.10 0.12 0.13 0.14 0.14
Total Assets 20,271.23M 21,509.33M 24,221.05M 25,191.77M 24,553.62M
Total liabilities 11,152.42M 11,636.08M 13,227.28M 14,224.21M 13,627.11M
Total equity 8,423.40M 9,175.95M 10,268.25M 10,230.57M 10,146.35M
Operating cash flow 1,633.36M 1,606.44M 1,165.54M 1,589.24M 2,076.48M

Valuation Measures

Mar 2020
PER13.46
ROA2.04%
ROE5.00%
Operating margin5.92%
Profit margin2.51%

Key executives

  • President, CEO, COO & Representative Director: Akihiro Nikkaku
  • Director, Manager-Finance & Accounting: Yuji Fukuda
  • Managing Director & GM-Research: Tetsuya Tsunekawa
  • Representative Director & Vice President: Yukichi Deguchi
  • Representative Director & Vice President: Ryo Murayama

Shareholders

  • Nippon Life Insurance Co. (6.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.1%)
  • Nomura Asset Management Co., Ltd. (4.0%)
  • Asset Management One Co., Ltd. (3.5%)
  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (2.5%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (1.9%)
  • Toray Industries, Inc. (1.8%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Sumitomo Mitsui Financial Group, Inc. (1.5%)

Contact Details

  • Website:http://www.toray.co.jp
  • Address: Nihonbashi Mitsui Tower, 1-1, Nihonbashi-Muromachi 2-chome, Tokyo, 103-8666, Japan
  • Phone: +81.3.3245.5115

Related Companies

  • 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
  • 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.
  • PT Toray Polytech Jakarta
  • 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.
  • Toray Industries (HK) Ltd.
  • Greenerity GmbH
  • Toray Membrane Europe AG
  • Composite Materials (Italy) SRL

Competitors

  • DuPont de Nemours, Inc.
  • Solvay SA
  • Kolon Industries, Inc.
  • HUVIS CORPORATION
  • UFlex Limited
  • Polyplex (Thailand) Public Co. Ltd.
  • Celanese Corporation
  • Berry Global Group Inc
  • Sinochem International Corporation Class A
  • Avgol Industries 1953 Ltd
  • Fuwei Films (Holdings) Co., Ltd.
  • SGL Carbon SE
  • Camtek Ltd
  • Tredegar Corporation
  • BE Semiconductor Industries N.V.
  • Treet Corporation Limited
  • Fresenius Medical Care AG & Co. KGaA
  • Creative & Innovative System Corp.
  • KOLON MATERIALS
  • Ningbo Solartron Technology Co., Ltd. Class A
  • TAIFLEX Scientific Co., Ltd.
  • Nephros, Inc.
  • Cara Therapeutics Inc
  • CytoSorbents Corporation
  • Sienna Biopharmaceuticals, Inc.
  • Prior-Tech Ltd.
  • U.I. Display Co., Ltd.
  • Viavi Solutions Inc
Last Updated on 3 Jul, 2020

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