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Textile major Teijin Q3 operating income soars 50.1%
31 Jan '06
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Osaka based textile major Teijin Ltd reported Results of operations for the third quarter ended December 31, 2005
The fiscal years of Teijin Limited and its domestic subsidiaries and affiliates mainly end on March 31 and the fiscal years of overseas subsidiaries and affiliates end on December 31.
Therefore, the quarterly financial information includes the accounts mainly for the three months ended December 31, 2005 of Teijin Limited and its domestic subsidiaries and affiliates and the accounts for the three months ended September 30, 2005 of the overseas subsidiaries and affiliates.
In the period under review, the Teijin Group recorded consolidated net sales of ¥684.4 billion, an increase of 2.6 percent from the corresponding period in the previous fiscal year.
Operating income rose 50.1 percent, to ¥57.2 billion, and ordinary income advanced 56.3 percent, to ¥52.1 billion, while net income edged up 0.7 percent, to ¥25.2 billion.
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Synthetic fibers producer Teijin Limited began operations way back in 1918 as a pioneer in the rayon textiles industry from Japan, and textiles business has always been central to the company's operations.
The fiscal years of Teijin Limited and its domestic subsidiaries and affiliates mainly end on March 31 and the fiscal years of overseas subsidiaries and affiliates end on December 31.
Therefore, the quarterly financial information includes the accounts mainly for the three months ended December 31, 2005 of Teijin Limited and its domestic subsidiaries and affiliates and the accounts for the three months ended September 30, 2005 of the overseas subsidiaries and affiliates.
In the period under review, the Teijin Group recorded consolidated net sales of ¥684.4 billion, an increase of 2.6 percent from the corresponding period in the previous fiscal year.
Operating income rose 50.1 percent, to ¥57.2 billion, and ordinary income advanced 56.3 percent, to ¥52.1 billion, while net income edged up 0.7 percent, to ¥25.2 billion.
Click to view results
Synthetic fibers producer Teijin Limited began operations way back in 1918 as a pioneer in the rayon textiles industry from Japan, and textiles business has always been central to the company's operations.
Teijin Limited
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