Home / Knowledge / News / Textiles / Toray net sales increase by 6.7%
Toray net sales increase by 6.7%
15
May '08
Toray Industries Inc announced its consolidated and non-consolidated business results for the fiscal year ended March 31, 2008 (FY Mar/08).

The following summary of the business results that Toray submitted to the Tokyo Stock Exchange is unaudited and for reference only.

Consolidated Business Results and Financial Condition:
1. Overview of FY Mar/08 (April 2007 – March 2008)
During the period under review, the world economy on the whole, despite a strong showing in the first six months, slid into uncertainty in the second half, as the turmoil in the financial markets stemming from the subprime loan crisis spread, slowing down the U.S. economy with each passing month.

After enjoying a gradual but continued growth on the back of corporate capital investments and exports in the first half, the Japanese economy was also clouded with increased concerns of a slowdown in the latter half of the fiscal year against the backdrop of falling stock markets, rapid fluctuations in the foreign exchange market and the further rise in crude oil prices.

Under such circumstances, Toray Group advanced its efforts to implement measures under the new mid-term business strategies “Project Innovation TORAY 2010 (IT- 2010)” launched in October 2006 and promoted business and profit expansion through business structure reform and structural reinforcement.

As a result, consolidated net sales for the fiscal year ended March 31, 2008 increased 6.7% on a year-on-year basis to ¥1,649.7 billion (US$16,464 million) and operating income came to ¥103.4 billion (US$1,032 million), up 1.0% from the previous fiscal year, marking five consecutive years of record net sales and four consecutive years of record operating income.

Ordinary income was ¥91.5 billion (US$913 million), down 6.2% year-on-year reflecting a decline in non-operating income and increased nonoperating expenses.

Net income also fell year-on-year to ¥48.1 billion (US$480 million), down 17.9%, due to increases in income taxes, which had fallen in the previous fiscal year because of tax effects.

Click here to view more:

Toray Industries Inc


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Top executives
Textile industry

The foremost issue is bridging the skill gap

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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

Yes No

Active Poll

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

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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

Active Poll

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

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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