TORAY INDUSTRIES,INC. (3402) Stock Price

Market cap
¥1.81T
P/E ratio
20.4x
Toray manufactures advanced materials including carbon fiber composites, engineering plastics, specialty fabrics, and water treatment membranes for aerospace, automotive, healthcare, and industrial applications.

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Business Overview

Toray operates across multiple business segments, providing a diverse range of products and services. In its fibers business, the company manufactures nylon, polyester, and acrylic yarns, as well as cotton, spun yarns, woven and knitted fabrics, nonwoven fabrics, synthetic leather, and apparel products. These materials serve broad applications in both clothing and industrial sectors.

The functional chemicals business provides engineering resins such as nylon, ABS, PBT, and PPS, along with resin-molded products, polyolefin foam, and films including polyester, polyethylene, and polypropylene, plus film-processed goods. The company also supplies synthetic fibers, plastic raw materials, fine chemicals, electronic information materials, and imaging materials.

In carbon fiber composite materials, Toray manufactures carbon fibers, composite materials, and molded products. These products are used in aerospace, automotive, and wind power applications, contributing to weight reduction and improved strength.

The environmental and engineering business offers water treatment functional membranes and related equipment, comprehensive engineering services, condominium development, industrial machinery, and construction and civil engineering materials. This segment provides solutions supporting the realization of a sustainable society.

The life sciences business develops and sells pharmaceuticals and medical devices, contributing to improved health and welfare. Other operations include service-related businesses in analysis, research, and investigation, supporting technological innovation across various industrial sectors.

Management Policy

Toray is pursuing sustainable growth under its long-term management vision "TORAY VISION 2030." This vision targets the realization of a sustainable society by 2050 and sets numerical targets through fiscal year 2030. Toray addresses global challenges such as population growth and environmental issues by providing innovative technologies and advanced materials to pursue sustainable solutions.

Under the medium-term management initiative "Project AP-G 2025," Toray is deploying strategies to achieve sustainable and sound growth. This project prioritizes the expansion of Sustainability Innovation (SI) and Digital Innovation (DI) businesses, advancing business sophistication and higher value-added offerings. Additionally, Toray is strengthening its management foundation to enable growth investments while maintaining financial soundness.

In its fibers business, Toray is developing high-sensitivity and high-performance products utilizing environmentally conscious materials. In the specialty chemicals business, Toray is strengthening product development to address electrification and IoT trends, and aims to expand the scale of recycled materials operations. In the carbon fiber composite materials business, Toray is pursuing expanded applications in aircraft and business opportunities in new energy sectors.

In the environmental and engineering business, Toray is enhancing water treatment technology and targeting the number one global market share. In the life sciences business, Toray is advancing pharmaceutical and medical device development to contribute to improved health and welfare. Through these strategies, Toray is demonstrating leadership toward the realization of a sustainable society.

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