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

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

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

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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