Toray Industries' mixed results: profits down, share buyback announced

Toray Industries Inc. reported consolidated revenue for the six months ended September 30, 2025, decreased by 4.6% to 1,234.3 billion yen, with core operating income falling 14.2% to 67.9 billion yen, and profit attributable to owners of parent down 33.5% to 36.9 billion yen compared to the same period last year. Despite the first-half decline, the company affirmed its full-year consolidated forecast for core operating income at 150.0 billion yen and profit attributable to owners of parent at 82.0 billion yen. The full-year revenue forecast was revised to 2,630.0 billion yen, a 1.5% decrease from the previous forecast, reflecting adjustments for business performance and environment.

The board of directors also approved a significant share repurchase program, targeting up to 63,000,000 common shares or up to 50 billion yen, from November 17, 2025, to May 31, 2026. Additionally, Toray announced the cancellation of 127,000,000 treasury shares on November 28, 2025, representing 7.78% of total issued shares before cancellation, aiming to enhance capital efficiency.