Toray Reports Rise in Profits and Sales

Toray Industries reported a 10.9% increase in net profits for the fiscal year ended March 31, 2012, compared with the previous fiscal year, to ¥64.2 billion ($802 million). Sales increased 3.2%, to ¥1.58 trillion. Toray’s plastics and chemicals business segment posted a 4% increase in full-year sales, to ¥397.8 billion and operating profits for the business increased 1%, to ¥27.4 billion. In the plastics and chemicals segment, sales volume of products for automotive applications, which had been affected by the earthquake that struck Japan in...

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