Toray Industries, Inc. (TRYIF), an integrated chemical industry group, Friday reported profit before tax of 28.2 billion yen for the first quarter, 32.4% lower than 41.8 billion yen in the same quarter a year ago.
Net profit declined to 17.2 billion yen from 26.89 billion yen last year.
Core operating income was 29.1 billion yen, down from 36.8 billion yen a year ago.
Revenue for the quarter reduced 6.6% to 595.8 billion yen from 637.7 billion yen in the previous year.
Looking ahead, the company expects revenue of 1,280 billion yen for the first, 1.1% down year-on-year; 1,390 billion yen for the second half, up 9.5%; and 2,670 billion yen for the full year, 4.2% up.
Net profit is expected to be 35 billion yen for the first half, 37% down from last year; 47 billion yen for the second half, 109.9% up; and 82 billion yen for the full year, up 5.2%.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.