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Japanese carbon fibre & apparel firm Teijin posts 15% sales jump in Q2
23 Nov '21
1 min read
Pic: Teijin Limited/ Solotex
Teijin Limited, a Japanese manufacturer of carbon fibre and apparel products, posted a 15.0 per cent sales increase to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (Q2 FY20: ¥16.0 billion).
Gross profit improved to ¥139.6 billion (¥126.2 billion), and company’s operating income marginally rose to ¥31.4 billion (¥31.0 billion).
By segment, materials business recorded the highest sales to ¥190.8 billion (¥126.3 billion), whereas fibres and products converting business dropped to ¥133.5 billion (¥158.1 billion).
Teijin has not revised its outlook for the fiscal and estimates sales to reach ¥900.0 billion during the FY21.
Fibre2Fashion News Desk (JL)
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