kabutan

TORAY INDUSTRIES,INC. <3402> surges further in afternoon trading on forecast for double-digit net profit growth and 6 yen dividend increase for fiscal year ending March 2027

Wed May 13, 2026 1:25 pm JST Catalyst

TORAY INDUSTRIES,INC. <3402> surged further in afternoon trading. The company announced its consolidated earnings forecast for the fiscal year ending March 2027 at around 0:30 p.m., projecting sales of 2,830.0 billion yen (up 9.5% year-on-year) and net profit of 90.0 billion yen (up 13.2% year-on-year), indicating double-digit net profit growth. The company also raised its annual dividend forecast to 26 yen, an increase of 6 yen from the previous year, which was well received by the market.

The company expects to capture expanding demand in growth areas across its fibers business, performance chemicals business, and carbon fiber composite materials business, while also benefiting from strategic pricing and the effects of profit improvement projects. For the fiscal year ended March 2026, the company reported sales of 2,585.0 billion yen (up 0.9% year-on-year) and net profit of 79.521 billion yen (up 2.1% year-on-year).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles