- Toray Industries reported a third-quarter net income of 19.65 billion yen, which is a 17% increase year-over-year, but below the estimated 21.49 billion yen.
- Net sales for the third quarter were 629.79 billion yen, slightly lower than last year’s 630.03 billion yen and below the expected 676.39 billion yen.
- For the nine-month period, revenue increased in several sectors:
- Fibers & Textiles: 774.59 billion yen (+3.9% y/y)
- Performance Chemicals: 712.00 billion yen (+7.9% y/y)
- Carbon Fiber Composite Materials: 223.23 billion yen (+6.7% y/y)
- Life Science: 39.21 billion yen (+2.2% y/y)
- The Environment & Engineering sector saw a decline in revenue by 1.6% year-over-year to 162.46 billion yen.
- Toray Industries maintains its forecast for the full year:
- Net income is projected at 88.00 billion yen.
- Net sales are predicted to reach 2.59 trillion yen.
- The dividend is expected to be 18.00 yen per share.
- Following the earnings report, shares of Toray Industries fell by 6.1%, closing at 1,007 yen with 5.33 million shares traded.
- Analyst recommendations for Toray Industries include 10 buy ratings, 3 hold ratings, and 1 sell rating.
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A look at Toray Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Toray Industries shows a promising outlook for the long term. With a strong momentum score of 5, the company is demonstrating positive market momentum, indicating potential for growth and investor interest. Additionally, Toray Industries has solid scores in the value category, reflecting its perceived value in the market. However, it has room for improvement in areas like dividend, growth, and resilience, where it scored a 2. Despite this, the overall outlook for Toray Industries appears positive, with strengths in value and momentum suggesting opportunities for growth and profitability in the future.
Toray Industries, Inc., a company known for manufacturing yarns, synthetic fibers, and chemical products, has diversified its portfolio to include a range of materials used in apparel, industrial applications, and information equipment. With a focus on quality and innovation, Toray Industries continues to develop products such as polyester films, engineering plastics, and electronic components like liquid crystal color filters. While the company excels in areas like market momentum, there is potential for further enhancement in dividend, growth, and resilience aspects according to the Smartkarma Smart Scores. Overall, Toray Industries appears well-positioned for long-term success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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