Toray Industries, Inc. logo

Toray Industries, Inc.

3402.T

JPXIndustrialsManufacturing - Textiles

Latest quote

¥1,294.5

−¥4.00 · -0.31%

Aug 24, 3:30 PM JST

3402.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Tokyo, Japan, Toray Industries, Inc. is a global conglomerate, established in 1926, that develops, manufactures, and distributes a comprehensive range of advanced materials and innovative products. Through its worldwide network of subsidiaries, the company's extensive operations encompass several key divisions. It produces a wide variety of fibers and textiles, including filament and staple yarns, spun yarns, and woven and knitted fabrics made from materials like nylon, polyester, and acrylics, alongside non-woven textiles and apparel. Its performance chemicals segment delivers specialized resins (such as ABS, PBT, and PPS), molded plastic goods, polyolefin foams, diverse films, raw materials for synthetics, fine chemicals, and electronic and graphic materials. Toray is also a prominent supplier of carbon fibers and their composite materials. Beyond material science, the firm provides environmental and engineering solutions, including water treatment systems, industrial machinery, IT-related equipment, and construction materials. Additionally, it operates in the life sciences sector, offering pharmaceuticals and medical devices, and provides analytical and research services. Originally founded as Toyo Rayon Co., Ltd., the company rebranded to Toray Industries, Inc. in 1970, serving customers across Japan, China, North America, Europe, and numerous other international markets.

Industry
Manufacturing - Textiles
Sector
Industrials
Headquarters
JP
CEO
Mitsuo Ohya
Listed since
May 16, 1949
Employees
46,294

Market position

Day range

Current ¥1,294.5

52-week range

Current ¥1,294.5

Open
¥1,291
Previous close
¥1,298.5
Volume
2.97M
0.59× average
Average volume
5.02M
Average daily volume
Market cap
1.88T JPY
Beta
0.46
Market reference 1
50-day average
¥1,196.05
+8.23% above average
200-day average
¥1,133.21
+14.23% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.29T JPY
P/E (TTM)
20.5×
P/B (TTM)
1.04×
P/S (TTM)
0.71×
EV / EBITDA
8.85×
Earnings yield
4.81%
Free cash flow yield
3.95%
Dividend yield
1.54%

Profitability & efficiency

Gross margin
20.48%
Operating margin
5.86%
Net margin
3.51%
Return on equity
4.42%
Return on assets
2.29%
Return on invested capital
3.83%

Financial health

Debt / equity
0.5×
Current ratio
1.78×
Altman Z-score
2.35
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends22%14%7%-1%Gross margin, FY2022: 19.56%Gross margin, FY2023: 16.91%Gross margin, FY2024: 18.00%Gross margin, FY2025: 19.74%Gross margin, FY2026: 20.12%Operating margin, FY2022: 5.84%Operating margin, FY2023: 3.61%Operating margin, FY2024: 3.94%Operating margin, FY2025: 5.45%Operating margin, FY2026: 5.36%Net margin, FY2022: 3.78%Net margin, FY2023: 2.93%Net margin, FY2024: 0.89%Net margin, FY2025: 3.04%Net margin, FY2026: 3.08%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 19.56%. Gross margin FY2023 16.91%. Gross margin FY2024 18.00%. Gross margin FY2025 19.74%. Gross margin FY2026 20.12%. Operating margin FY2022 5.84%. Operating margin FY2023 3.61%. Operating margin FY2024 3.94%. Operating margin FY2025 5.45%. Operating margin FY2026 5.36%. Net margin FY2022 3.78%. Net margin FY2023 2.93%. Net margin FY2024 0.89%. Net margin FY2025 3.04%. Net margin FY2026 3.08%.

Income trends

Revenue

2.59T JPY+0.85%

Operating income

138.69B JPY-0.79%

Net income

79.52B JPY+2.07%
Income trends across reported periods2.84T JPY1.82T JPY790.85B JPY−234.42B JPYRevenue, FY2022: 2.23T JPYRevenue, FY2023: 2.49T JPYRevenue, FY2024: 2.46T JPYRevenue, FY2025: 2.56T JPYRevenue, FY2026: 2.59T JPYOperating income, FY2022: 130.21B JPYOperating income, FY2023: 89.93B JPYOperating income, FY2024: 97.18B JPYOperating income, FY2025: 139.79B JPYOperating income, FY2026: 138.69B JPYNet income, FY2022: 84.24B JPYNet income, FY2023: 72.82B JPYNet income, FY2024: 21.9B JPYNet income, FY2025: 77.91B JPYNet income, FY2026: 79.52B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 2.23T JPY. Revenue FY2023 2.49T JPY. Revenue FY2024 2.46T JPY. Revenue FY2025 2.56T JPY. Revenue FY2026 2.59T JPY. Operating income FY2022 130.21B JPY. Operating income FY2023 89.93B JPY. Operating income FY2024 97.18B JPY. Operating income FY2025 139.79B JPY. Operating income FY2026 138.69B JPY. Net income FY2022 84.24B JPY. Net income FY2023 72.82B JPY. Net income FY2024 21.9B JPY. Net income FY2025 77.91B JPY. Net income FY2026 79.52B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.59T JPY2.56T JPY2.46T JPY2.49T JPY2.23T JPY
Cost of goods sold2.07T JPY2.06T JPY2.02T JPY2.07T JPY1.79T JPY
Gross profit520.05B JPY505.9B JPY443.52B JPY420.84B JPY435.97B JPY
Research and development72.88B JPY69.49B JPY68.19B JPY61.99B JPY
Selling, general, and administrative381.36B JPY366.11B JPY346.34B JPY330.91B JPY305.76B JPY
Operating expenses381.36B JPY366.11B JPY346.34B JPY330.91B JPY305.76B JPY
Interest income8.59B JPY5.11B JPY5.72B JPY3.5B JPY1.52B JPY
Interest expense19.74B JPY18.3B JPY18B JPY11.81B JPY6.25B JPY
Depreciation and amortization131.62B JPY129.1B JPY129.19B JPY126.38B JPY120.37B JPY
Operating income138.69B JPY139.79B JPY97.18B JPY89.93B JPY130.21B JPY
Net income79.52B JPY77.91B JPY21.9B JPY72.82B JPY84.24B JPY

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥19.00

2025 complete year+52.0% since 2021

2026 partial: ¥10.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥13.00

Special

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥13.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥10.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Sep 29, 2025

¥10.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 2, 2025

Dividend

Ex-dividend Mar 28, 2025

¥9.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥9.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

3402.T peers

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