)
Toray Industries (3402) investor relations material
Toray Industries Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Core operating income for the nine months ended December 2025 decreased 3.4% year-over-year to ¥105.1 billion, mainly due to weak Performance Chemicals and Carbon Fiber Composite Materials, despite robust Fibers & Textiles and Environment & Engineering segments.
Profit attributable to owners of parent dropped 46.6% year-over-year to ¥40.2 billion, impacted by significant impairment losses in the battery separator film business at a Korean subsidiary.
Revenue for the nine months ended December 31, 2025, was ¥1,919.5 billion, nearly flat year-over-year (-0.2%).
The global economic environment was mixed, with a strong U.S. economy, a slowing Europe, a stalled Chinese recovery, and gradual growth in Japan, amid policy uncertainties.
Financial highlights
Operating income dropped 31.6% year-over-year to ¥71.0 billion, and basic earnings per share declined to ¥26.53 from ¥47.00.
Comprehensive income rose 46.5% to ¥172.3 billion, driven by exchange differences on translation.
Free cash flow for the nine months was ¥14.1 billion, down from ¥88.3 billion the previous year.
Capital expenditures decreased to ¥102.7 billion, while R&D expenditures rose to ¥54.4 billion.
Net cash provided by operating activities fell to ¥76.4 billion from ¥147.2 billion year-over-year.
Outlook and guidance
Full-year core operating income is forecast to rise 5.1% year-over-year to ¥150.0 billion, unchanged from the previous forecast.
Revenue for the fiscal year ending March 2026 is projected at ¥2,600.0 billion (+1.4% year-over-year).
Dividend per share is expected to increase to ¥20.00, with a payout ratio of 37%.
The assumed exchange rate for forecasts from January 2026 onwards is ¥155.0 to the U.S. dollar.
Growth is anticipated in Fibers & Textiles and Environment & Engineering, while Performance Chemicals and Carbon Fiber Composite Materials face continued headwinds.
Next Toray Industries earnings date
Next Toray Industries earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)