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Toray Fibers & Textiles overall sales up
20 Nov '07
3 min read
Ordinary income expanded 3.4% to ¥41.9 billion (US$363 million), while net income declined 18.0% to ¥23.0 billion (US$199 million).
The results marked the fourth consecutive increase in terms of net sales and the second straight rise in first-half operating income and ordinary income.
Fibers and Textiles:
Regarding the Company and its domestic consolidated subsidiaries, nylon fiber performed strongly in particular for ground fabric of air bags and sales of Tetoron polyester fiber increased in uniform and women's apparel applications.
Transaction amounts at its trading firm subsidiaries also expanded. At the same time, in response to the steep rise in raw materials and fuel prices worldwide, Toray Group made efforts to transfer the cost increase on to the selling price.
Consequently, overall sales of the Company and its domestic consolidated subsidiaries in the sector expanded compared with the same period a year earlier.
Overall sales of overseas consolidated subsidiaries in the segment also rose, led by increases at nylon yarn operation for air bag applications in Thailand, polypropylene spunbond operations in South Korea and polyester filament textile as well as polyester cotton blend textile operations in China.
As a result, overall sales of Fibers and Textiles increased 6.3% to ¥320.9 billion (US$2,781 million) from the same period a year earlier. Operating income also rose 5.7% to ¥10.0 billion (US$87 million) on year.
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The results marked the fourth consecutive increase in terms of net sales and the second straight rise in first-half operating income and ordinary income.
Fibers and Textiles:
Regarding the Company and its domestic consolidated subsidiaries, nylon fiber performed strongly in particular for ground fabric of air bags and sales of Tetoron polyester fiber increased in uniform and women's apparel applications.
Transaction amounts at its trading firm subsidiaries also expanded. At the same time, in response to the steep rise in raw materials and fuel prices worldwide, Toray Group made efforts to transfer the cost increase on to the selling price.
Consequently, overall sales of the Company and its domestic consolidated subsidiaries in the sector expanded compared with the same period a year earlier.
Overall sales of overseas consolidated subsidiaries in the segment also rose, led by increases at nylon yarn operation for air bag applications in Thailand, polypropylene spunbond operations in South Korea and polyester filament textile as well as polyester cotton blend textile operations in China.
As a result, overall sales of Fibers and Textiles increased 6.3% to ¥320.9 billion (US$2,781 million) from the same period a year earlier. Operating income also rose 5.7% to ¥10.0 billion (US$87 million) on year.
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Toray Industries Inc
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