Toyobo Co., Ltd. Reports Earnings Results for the Full Year Ended March 31, 2023
May 11, 2023 at 12:00 am EDT
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Toyobo Co., Ltd. reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was JPY 399,921 million compared to JPY 375,720 million a year ago. Net loss was JPY 655 million compared to net income of JPY 12,865 million a year ago.
Basic loss per share from continuing operations was JPY 7.37 compared to basic earnings per share from continuing operations of JPY 144.75 a year ago.
Toyobo Co Ltd is a Japan-based company mainly engaged in the film and functional resin business, industrial material business, and textile and commerce business. It has five business segments. Film and Functional Resin segment manufactures, processes and sells packaging films, industrial films, industrial adhesives, engineering plastics and optical functional materials. Industrial Materials segment manufactures, processes and sells automotive fiber materials, super fibers, non-woven fabrics. Textile and Trading segment manufactures and sells functional clothing, apparel products, clothing textiles, and clothing fibers. Healthcare segment manufactures, processes and sells bio products, pharmaceuticals, medical membranes, medical devices, aqua membranes, and functional filters. It is also engaged in the assembly and sale of seawater desalination modules. The Real Estate segment sells, rents and manages movables. It also designs and constructs buildings and machinery and sells equipment.