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Toray Industries ( (JP:3402) ) has provided an announcement.
Toray Industries said its subsidiary Chori Co., Ltd. reported a year-on-year decline in non-consolidated net sales and operating profit for the fiscal year ended March 31, 2026, with sales down 3.8% to ¥152.2 billion and operating profit dropping 23.1%, although ordinary profit and profit before taxes were marginally higher. Net profit attributable to owners of parent at Chori rose 32.3% to ¥11.3 billion, but Toray indicated that the variance in Chori’s standalone results versus the prior year will have an immaterial impact on Toray’s consolidated earnings outlook, limiting the implications for the parent’s overall financial performance.
On a consolidated basis, Chori’s own results for the same fiscal year showed net sales down 3.9% to ¥299.3 billion and declines in operating and ordinary profit of 9.9% and 12.4%, respectively, even as net profit attributable to owners of parent edged up 3.0% to ¥12.0 billion. The company’s financial position improved, with total assets rising to ¥153.4 billion, net assets increasing to ¥102.4 billion and the equity ratio strengthening to 66.7%, suggesting a more robust balance sheet despite weaker top-line and profit margins, and underpinning management’s plan to proceed with scheduled shareholder meetings and dividend payments.
The most recent analyst rating on (JP:3402) stock is a Buy with a Yen1600.00 price target. To see the full list of analyst forecasts on Toray Industries stock, see the JP:3402 Stock Forecast page.
More about Toray Industries
Toray Industries, Inc. is a Japan-based diversified materials manufacturer with a focus on advanced fibers, textiles, chemicals and related businesses, and it holds a controlling stake in trading company Chori Co., Ltd., which is listed on the Tokyo Stock Exchange Prime Market. Chori operates as a trading and manufacturing group with activities in textiles, chemicals and related products, serving domestic and global industrial customers.
Average Trading Volume: 5,827,169
Technical Sentiment Signal: Buy
Current Market Cap: Yen1636.5B
For detailed information about 3402 stock, go to TipRanks’ Stock Analysis page.