Home / Knowledge / News / Textiles / Polyester Fibers segment generates sales of ¥23.8 bn – Teijin
Polyester Fibers segment generates sales of ¥23.8 bn – Teijin
03
Aug '11
Taijin declares qualitative information and financial statements for FY11 1Q results.

In the months since the Great East Japan Earthquake, which struck on March 11, 2011, Japan has contended with production restrictions—a result of supply chain disruptions and of power shortages arising from damage sustained by the nuclear power plants in Fukushima—and with flagging demand, attributable to such factors as the prevailing mood of restraint, coupled with a general decline in consumer confidence.

The impact of the earthquake on economic activity has of course not been limited to Japan. On another front, in the United States growth slowed, a consequence of lackluster consumer spending, while in Europe fears grew that the fiscal crisis in Greece could negatively affect other economies in the region, further clouding the global economic outlook. The situation was exacerbated by excess global liquidity, which continued to push up natural resource and food prices, driving inflation in emerging markets.

In this environment, consolidated net sales in the first three months of fiscal 2011—the fiscal year ending March 31, 2012—slipped 1.6%, to ¥189.6 billion, from the first quarter of fiscal 2010, as increased sales in the High-Performance Fibers and the Pharmaceuticals and Home Health Care segments mitigated the negative impact of such factors as the earthquake and our withdrawal from loss-making businesses, chiefly in the Polyester Fibers segment.

Having essentially completed our structural reforms in fiscal 2010, we reported operating income of ¥11.0 billion, up 36.6%. Ordinary income rose 65.2%, to ¥12.8 billion, bolstered by better results at unconsolidated affiliates accounted for by the equity method. Although we reported an extraordinary loss for earthquake-related expenses, the amount was relatively insignificant. As a consequence of these and other factors, net income advanced 55.7%, to ¥6.3 billion. Net income per share was ¥6.38, up ¥2.28 from the first quarter of fiscal 2010.

Business Segment Results
High-Performance Fibers
Sales in the High-Performance Fibers segment amounted to ¥26.9 billion. Operating income was ¥2.0 billion.

Aramid Fibers
Demand was steady for key applications. Demand for Twaron para-aramid fibers was firm, particularly for use in automotive-related materials, protective clothing and materials and fiber optic cables. Although the Great East Japan Earthquake hindered domestic demand from some quarters for use in composite materials and civil engineering applications, Technora para-aramid fibers continued to perform well, bolstered by soaring demand overseas for automotive-related applications. Demand for Teijinconex meta-aramid fibers was brisk in the People's Republic of China (PRC) for use in filters and in Europe for use in automotive-related materials. As a consequence, all three products remained in full production. In this environment, we continued to push ahead with active efforts to cultivate new applications with the aim of further growing this business.

For more detals Click here.

TEIJIN LIMITED


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X