Toray Industries, Inc. Provides Second Quarter and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024
May 11, 2023 at 11:30 pm EDT
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Toray Industries, Inc. provided second quarter and year end dividend guidance for the fiscal year ending March 31, 2024. For the second quarter, the company expected dividend of JPY 9 per share compared to JPY 9 per share paid a year ago.
For the full year, the company expected year end dividend of JPY 9 per share compared to JPY 9 per share paid a year ago.
Toray Industries, Inc. is a diversified group organized around 5 areas of activity:
- fiber and textile production (38.2% of net sales): nylon, polyester, acrylic fibers, non-woven products, etc.;
- plastic and chemical manufacture (38.2%): resins, plastic films, fine chemicals, etc.;
- engineering and environmental services (10.3%): development, construction, and assembly of industrial units, manufacture of seawater desalinization equipment, wastewater treatment equipment, etc.;
- production of carbon fibers (9.7%);
- other (3.6%): primarily fabrication of pharmaceutical and medical products.
Net sales break down geographically as follows: Japan (44%), China (19.5%), Asia (19.8%) and other (16.7%).
TORAY INDUSTRIES, INC. 
