Toray Industries, Inc. (TRYIY) Q1 2027 Earnings Call Prepared Remarks Transcript

SA Transcripts 161.76K Followers Follow Toray Industries, Inc. ( TRYIY ) Q1 2027 Earnings Call August 6, 2026 12:00 AM EDT Company Participants Yuichiro Kato - Senior Executive Officer, Head of Finance & Accounting Division, Controller and Director Presentation Yuichiro Kato Senior Executive Officer, Head of Finance & Accounting Division, Controller and Director Thank you very much for joining us today despite your busy schedule. On behalf of Toray Group, I'd like to take this opportunity to extend my gratitude towards your continued understanding and your interest in our management and business activities. Now, I'd like to report Toray's business results for the first quarter ended June 30, 2026. Now, I would like to follow the table of contents shown on Page 1. This is a summary of the business performance and forecast. Operating income for the first quarter increased year-on-year marked a record high for any quarter, reflecting front-loaded demand arising from the situation in the Middle East and recovering demand across applications as well as efforts to pass on higher raw material and fuel prices to selling prices and cost improvement initiatives. In terms of the consolidated business forecast for the first half of the fiscal year ending March 2027, Toray has revised upwards initial forecast announced on May 13, 2026, based on the first quarter results. The full year consolidated business forecast is planned to be reviewed as appropriate at the time of the announcement of second quarter business results. I will explain the details starting from the next page. I'd like to begin with an overview of business results for the first quarter ended June 30, 2026. Please turn to Page 4. Consolidated revenue for the first quarter increased 14% compared with the same period a year earlier to JPY 679 billion. Core operating income increased 66.6% to JPY 48.4 billion and profit increased 82.3% to JPY 31.3