Toray reports fall in profits, sales

Toray Industries reported a 50.1% fall in net profits for its fiscal first half, ended 30 September 2012, compared with the year-ago period, to ¥20 billion ($250 million). First-half sales decreased 5.8%, to ¥753.7 billion. Toray’s plastics and chemicals business segment posted a 5.6% fall in first-half sales compared with the year-ago period, to ¥195 billion, and operating profits for the segment decreased 35.9%, to ¥10.5 billion. In the plastics and chemicals segment, sales volume of engineering plastics for automotive applications...

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