Toray Reports Fall in Profits, Sales

Toray Industries reported a 43.2% fall in net profits for its fiscal first quarter, ended June 30, 2012, compared with the corresponding period of the previous fiscal year, to ¥10.08 billion ($128 million). Sales decreased 2.8%, to ¥364.09 billion. Toray’s plastics and chemicals business segment posted a 5.6% fall in first-quarter sales compared with the year-ago period, to ¥97.2 billion, and operating profits for the segment decreased 36.5%, to ¥5.48 billion. In the plastics and chemicals segment, the sales volume of engineering plastics...

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