Toray Reports Rise in Profits and Sales

Toray Industries reported a 23% increase in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥53.9 billion ($703 million). Sales increased 6.5%, to ¥1.19 trillion. Toray’s plastics and chemicals business posted a 7% increase in nine-month sales, to ¥300 billion and operating profits for the business increased 12.8% to ¥22.3 billion. The sales volume in Japan for products for automotive application and other products in the resin business, which had been affected by the earthquake and...

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