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    Sales of Japanese textile manufacturer Toyobo reach 183.9 billion yen in the first half of the year

    Toyobo, a Japanese textile and textile manufacturer, achieved sales of 183.9 billion yen in the first half of the fiscal year ending September 2021, up 16.7% from the same period of the previous year. The operating income of the Group was 17.1 billion yen, and the profit attributable to owners of the parent company was 9.7 billion yen.

    Sales growth was driven by strong performance in the industrial films and functional materials businesses, as well as increased demand for engineering plastics, airbag fabrics, high performance textiles and PCR-related products. Engineering plastics and airbag fabrics performed well due to the recovery in global automotive demand, but demand for PCR-related products increased as COVID-19 was not yet widespread, the company said in a financial report. increase.

    In the medical materials business, sales of artificial kidney hollow fibers also performed well.

    Toyobo, a Japanese textile and textile manufacturer, achieved sales of 183.9 billion yen in the fiscal year ended September 2021, up 16.7% from the same period of the previous year. The operating income of the Group was 17.1 billion yen, and the profit attributable to owners of the parent company was 9.7 billion yen.

    On the other hand, looking at the balance sheet for the reporting period, net assets increased by 10 billion yen from the end of the previous fiscal year to 198.6 billion yen due to an increase in retained earnings and a widening valuation difference. Sellable securities.

    Fiber2Fashion News Desk (KD)

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    Sales of Japanese textile manufacturer Toyobo reach 183.9 billion yen in the first half of the year

    Source link Sales of Japanese textile manufacturer Toyobo reach 183.9 billion yen in the first half of the year

    The post Sales of Japanese textile manufacturer Toyobo reach 183.9 billion yen in the first half of the year appeared first on Eminetra.

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