Home / Knowledge / News / Textiles / Toray Industries FY19: sales down to ¥2,215 billion

Toray Industries FY19: sales down to ¥2,215 billion

Jun '20
Pic: Toray Industries/ Primeflex
Pic: Toray Industries/ Primeflex
Toray Industries, a multinational corporation specialising in industrial products, has reported 7.3 per cent decline in its net sales to ¥2,214.6 billion (Japanese Yen) in fiscal year 2019 ended on March 31, 2020 compared to sales of ¥2,388.8 billion in previous fiscal. Operating income for the year fell 7.3 per cent to ¥131.1 billion (FY18: ¥141.4 billion).
Net income attributable to owners of parent were ¥55.7 billion (¥79.3 billion). 
Sales of Fibres & Textiles segment were ¥883.1 billion (¥974.2 million) affected by the weak market conditions reflecting the prolonged trade friction between the US and China, the slowdown in the Chinese economy, and two consecutive years of warm winter. Toray also stated that the overseas demand for apparel applications including garments and textiles as well as automotive applications, the mainstay of the industrial applications, remained sluggish, and group focused on business structure reform and strengthening of cost competitiveness.
Performance Chemicals sales fell to ¥770.8 billion (¥868.8 million). The chemicals business was affected by the decline in the basic chemicals market. 
Carbon Fibre Composite Materials reported strong growth to ¥236.9 billion (¥215.9 billion). Demand for aircraft application as well as performance of industrial applications in the environment and energy-related fields such as compressed natural gas tanks and wind turbine blade remained strong, and recovery in the demand for sports applications.
Environment & Engineering sales decreased to ¥252.2 billion (¥257.6 billion).
Geographically sales in Japan were ¥961.7 billion. While in Asia, China sales were ¥391.7 billion and Others were ¥425.3 billion. Sales in North America, Europe & Others were ¥435.7 billion.
The group in its outlook for the fiscal year 2020 expects revenue of ¥1,920.0 billion, core operating income of ¥70.0 billion, and profit attributable to owners of parent of ¥40.0 billion. 

Fibre2Fashion News Desk (JL)

Must ReadView All

Pic: UNFCCC / Alyssa Strohmann / Unsplash

Fashion | On 17th Jun 2021

Over 70% UN Fashion Charter signatories submit disclosures in 2020

For the 2020 reporting cycle, over 70 per cent of signatories to the...

Pic: Shutterstock

Apparel/Garments | On 17th Jun 2021

Prime Content| Bangladesh apparel exports jump 11.1% in July-May FY21

Readymade garment (RMG) exports from Bangladesh increased by 11.1 per ...

Pic: Bierrebi

Textiles | On 17th Jun 2021

India emerging as main hub for manufacturing in Asia: Bierrebi

The size of the machinery market in India is vast and it enjoys...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit

The Indian Technical Textile Association (ITTA) is the only association of ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2021

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

Advanced Search