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Toray Industries ( (JP:3402) ) has issued an announcement.
Toray Industries reported that its subsidiary Suido Kiko Kaisha, Ltd. posted a strong year-on-year improvement in non-consolidated results for the fiscal year ended March 31, 2026, with net sales rising 22.6% to ¥19.94 billion and operating profit more than doubling. Ordinary profit jumped 315.8% and net profit surged to ¥936 million from ¥54 million a year earlier, but Toray said the impact of these better subsidiary results on its overall consolidated earnings forecast remains immaterial.
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 diversified Japanese materials manufacturer listed on the TSE Prime Market under securities code 3402. Through subsidiaries such as Suido Kiko Kaisha, Ltd., it operates in areas including water treatment and related infrastructure services, supporting industrial and municipal customers in Japan and abroad.
Average Trading Volume: 5,750,482
Technical Sentiment Signal: Buy
Current Market Cap: Yen1629.9B
Learn more about 3402 stock on TipRanks’ Stock Analysis page.