Toray Industries Inc (TRYIY)
OTHER OTC:TRYIY
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Toray Industries
(OTC:TRYIY)
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Rating:57Neutral
Price Target:
$15.00
▲(15.03% Upside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by weakening cash flow and thin profitability/low returns despite a manageable balance sheet. Technicals are supportive with a strong uptrend, but overbought signals add near-term risk, and the high P/E with only a modest yield reduces valuation appeal.
Positive Factors
Diversified advanced-materials portfolio
Toray's broad product base across fibers, performance chemicals, carbon composites, films and water solutions spreads end-market exposure and reduces single-cycle dependence. This structural diversification supports more stable revenue and cross-selling opportunities over multi-month horizons.
Negative Factors
Sharp decline in free cash flow
A -61% fall in FCF and low conversion versus net income constrain internal funding for capex, dividends and debt reduction. Persistently weak cash conversion increases reliance on external financing and reduces margin for strategic investments over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified advanced-materials portfolio
Toray's broad product base across fibers, performance chemicals, carbon composites, films and water solutions spreads end-market exposure and reduces single-cycle dependence. This structural diversification supports more stable revenue and cross-selling opportunities over multi-month horizons.
Read all positive factors
Toray Industries (TRYIY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.88B
Dividend Yield1.48%
Average Volume (3M)818.00
Price to Earnings (P/E)114.8
Beta (1Y)0.37
Revenue Growth-1.45%
EPS Growth30.18%
CountryUS
Employees48,140
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.03
Shares Outstanding752,240,700
10 Day Avg. Volume0
30 Day Avg. Volume818
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.95
Price to Sales (P/S)0.63
P/FCF Ratio21.39
Enterprise Value/Market Cap226.30
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit4.80
Enterprise Value/Ebitda9.54
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.92
Revenue Forecast (FY)$17.15B
Toray Industries Business Overview & Revenue Model
Company Description
Toray Industries, Inc. is a leading global manufacturer specializing in advanced materials and technology solutions. Founded in Japan, the company operates across several sectors, including textiles, carbon fiber composites, plastics, and chemical...
How the Company Makes Money
Toray makes money primarily by manufacturing and selling materials and related products to business customers (B2B), with revenue largely tied to shipment volumes, product mix (commodity vs. high value-added specialties), and contract pricing. Key...
Toray Industries Earnings Call Summary
Earnings Call Date:Nov 07, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Positive
The earnings call presents a strong financial performance with record high income and significant profit increases, alongside strategic initiatives in pricing and capital efficiency. However, challenges remain in asset values and specific segments like Life Science, with potential economic risks noted.Positive Updates
Record High Core Operating Income
Core operating income for the first 6 months reached JPY 79.1 billion, marking a 62.6% increase compared to the previous year and a record high for the period.
Negative Updates
Decrease in Assets and Liabilities
Total assets decreased by JPY 100.7 billion and total liabilities decreased by JPY 92.6 billion from the end of the previous fiscal year, affected by currency appreciation.
Read all updates
Q2-2025 Updates
Positive
Negative
Record High Core Operating Income
Core operating income for the first 6 months reached JPY 79.1 billion, marking a 62.6% increase compared to the previous year and a record high for the period.
Read all positive updates
Company Guidance
In the earnings call for Q2 2025, Toray Group reported a significant financial upturn, with consolidated revenue for the first half of the fiscal year increasing by 7.9% to JPY 1,294.1 billion. Core operating income soared by 62.6% to JPY 79.1 billion, marking a record high, while profit surged by 92.3% to JPY 55.5 billion. The company highlighted its strategic initiatives, including a share buyback plan funded by the reduction of cross-shareholdings, aimed at enhancing capital efficiency. Segment-wise, Performance Chemicals led growth with a 134.2% rise in core operating income, supported by demand recovery and improved utilization rates, while the Carbon Fiber Composite Materials segment also saw a 54.4% increase in core operating income. The company revised its full-year forecast upwards, anticipating revenue of JPY 2,590 billion and a core operating income of JPY 145 billion, reflecting a robust performance outlook amidst a gradually recovering global economy.Toray Industries Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
67
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.58T | 2.56T | 2.46T | 2.49T | 2.23T | 1.88T |
| Gross Profit | 513.24B | 505.89B | 443.52B | 420.83B | 377.50B | 438.36B |
| EBITDA | 258.05B | 265.29B | 207.84B | 219.00B | 252.43B | 206.08B |
| Net Income | 43.30B | 77.91B | 21.90B | 72.82B | 84.23B | 45.79B |
Balance Sheet | ||||||
| Total Assets | 3.52T | 3.29T | 3.47T | 3.19T | 2.85T | 2.65T |
| Cash, Cash Equivalents and Short-Term Investments | 245.72B | 254.52B | 248.86B | 254.69B | 242.49B | 242.49B |
| Total Debt | 1.02T | 842.66B | 949.68B | 950.09B | 935.66B | 973.93B |
| Total Liabilities | 1.63T | 1.47T | 1.62T | 1.56T | 1.53T | 1.47T |
| Stockholders Equity | 1.76T | 1.71T | 1.74T | 1.54T | 1.41T | 1.24T |
Cash Flow | ||||||
| Free Cash Flow | 19.16B | 75.78B | 51.55B | 43.00B | 89.11B | 85.62B |
| Operating Cash Flow | 182.68B | 255.03B | 185.68B | 145.21B | 211.59B | 225.77B |
| Investing Cash Flow | -15.05B | -63.20B | -121.00B | -102.72B | -97.87B | -142.36B |
| Financing Cash Flow | -105.88B | -188.52B | -70.37B | -57.38B | -69.40B | -67.59B |
Toray Industries Technical Analysis
Positive
13.04
Price Trends
15.16
Negative
14.28
Positive
13.70
Positive
Market Momentum
-0.12
Negative
54.02
Neutral
94.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRYIY, the sentiment is Positive. The current price of 13.04 is below the 20-day moving average (MA) of 14.06, below the 50-day MA of 15.16, and below the 200-day MA of 13.70, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 54.02 is Neutral, neither overbought nor oversold. The STOCH value of 94.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRYIY.
Toray Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $3.00B | 17.00 | 10.53% | 2.18% | 2.76% | -7.83% | |
63 Neutral | $1.25B | -9.69 | 3.88% | ― | -2.61% | -11.87% | |
62 Neutral | $4.87B | 23.92 | 10.25% | 1.33% | -1.88% | -5.94% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $10.88B | 114.81 | 2.50% | 1.48% | -1.45% | 30.18% | |
51 Neutral | $1.62B | -25.23 | -7.05% | 2.13% | -9.37% | -160.13% | |
51 Neutral | $69.49M | -1.65 | -22.66% | ― | -5.26% | 42.84% |
* Consumer Cyclical Sector Average
TRYIY
Toray Industries
14.78
1.93
15.06%
AIN
Albany International
57.20
-6.72
-10.52%
COLM
Columbia Sportswear
57.26
-8.86
-13.40%
GIII
G-III Apparel Group
29.57
5.53
22.99%
UFI
Unifi
3.74
-1.08
-22.41%
ZGN
Ermenegildo Zegna
11.51
4.77
70.77%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.