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Fibers & Textiles segment sales grow at Toray

09 Feb '06
2 min read

Assets as of the end of the nine months increased by 88.8 billion yen compared with the end of the previous fiscal year to 1,491.1 billion yen (US$12,625 million), mainly due to the increase in fixed assets including investments and other assets.

Liabilities also increased by 38.7 billion yen to 935.1 billion yen (US$7,918 million), as interest-bearing liabilities arising from capital investment increased.

Stockholders' equity increased by 52.6 billion yen to 505.1 billion yen (US$4,277 million) compared with the end of the previous fiscal year mainly due to increase in retained earnings and unrealized gain on securities.

As a result, equity ratio at the end of the nine months rose 1.6 percentage points to 33.9 percent.

Toray Group augments its primary focus on synthetic fibers, raw fibers and textiles with end products delivered straight to the market. Toray products are used in a wide array of applications from apparel and clothing to tire-coding, fishing nets and other industrial uses.

Toray Industries Inc

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