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

Toray seen turning in another record operating profit

Toray supplies carbon fiber materials for the Boeing 777X.

TOKYO -- Toray Industries likely logged a second straight year of record operating profit in fiscal 2015, with a 27% jump to more than 155 billion yen ($1.38 billion), as China-related demand for textiles made up for a slight setback in carbon fiber due to the strong yen.

     Sales apparently gained 5% to about 2.1 trillion yen. The fiber and textiles business, which accounts for 40% of total sales, performed especially well. Growing Chinese consumption lifted demand for specialty fabrics for sportswear and other applications. Nonwoven fabrics for diapers also sold well, as did air bag materials.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

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