trending Market Intelligence /marketintelligence/en/news-insights/trending/70jlAWSWlTHGL4VXFl4cUQ2 content esgSubNav
In This List

Toray Industries fiscal Q1 profit falls YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Toray Industries fiscal Q1 profit falls YOY

Toray Industries Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥14.46 per share, a decrease of 4.9% from ¥15.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥23.15 billion, a decline of 4.9% from ¥24.34 billion in the prior-year period.

The normalized profit margin declined to 4.6% from 5.1% in the year-earlier period.

Total revenue climbed 6.3% on an annual basis to ¥508.09 billion from ¥478.11 billion, and total operating expenses increased 7.3% year over year to ¥469.23 billion from ¥437.11 billion.

Reported net income declined 12.1% from the prior-year period to ¥26.10 billion, or ¥16.30 per share, from ¥29.69 billion, or ¥18.55 per share.

As of Aug. 9, US$1 was equivalent to ¥110.07.