World News and Views :: Top of the News
Toray Downgrades Earnings Projection
1:51 AM MDT | April 21, 2010 | Deepti Ramesh
Toray Industries has revised its earnings forecast for the fiscal year ending March 31, 2010. Toray expects to record a net loss of ¥15 billion ($161 million), having previously forecast a net loss of ¥10 billion. The sales forecast remains unchanged at ¥1.35 trillion, and the operating profit forecast remained unchanged at ¥40 billion. Toray increased its estimated corporate income taxes for the fiscal year by ¥5.2 billion, and this is expected to result in a wider net loss for the fiscal year compared with the previous forecast. Toray says...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee