Home / Knowledge / News / Textiles / Teijin reports net sales down 1.9% in Q3 FY19

Teijin reports net sales down 1.9% in Q3 FY19

14
Feb '20
Pic: Shutterstock
Pic: Shutterstock
Teijin, a Japanese chemical, pharmaceutical and information technology company, posted 1.9 per cent reduction in net sales at ¥647.5 billion (Japanese Yen) in third quarter (Q3) FY19 compared to same period prior year. Operating income for the nine months period that ended on December 31, 2019, increased 0.2 per cent to ¥48.2 billion.
 
Group's result mainly reflected a firm performance by aramid fibres in the material business group, the healthcare business in Japan and IT, despite sluggish market conditions for polycarbonate resins and a decline in sales of a mainstay pharmaceutical owing to impact from generic products in Europe and US. 
 
Ordinary income decreased 7.5 per cent to ¥47.4 billion, partly due to a decline in non-operating income reflecting the impact of foreign exchange movements. Profit attributable to owners of parent decreased 26 per cent to ¥30.2 billion, reportedly due to recording one-time expenses associated with the transfer of subsidiaries in films under extraordinary loss.
 
Materials business field, sales in Q3 FY19 were ¥481.5 billion decreased 3.4 per cent, and operating income was ¥17.2 billion, mostly unchanged from the previous year.
 
In the healthcare business field, sales were ¥119.2 billion decreased 0.7 per cent in Q3 FY19, and operating income was ¥29.1 billion decreased 6.9 per cent.
 
In others, sales were ¥46.7 billion increased 14.3 per cent in Q3 FY19 and operating income increased 45.4 per cent to ¥5.6 billion.
 
Group has made no changes to the consolidated full-term operating results forecasts for FY19. However, group has revised its breakdowns by segment. The group forecasts net sales reduced by 3.2 per cent to ¥860 billion for complete FY19.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

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

Leave your Comments


February 2020

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


Advanced Search