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.
