FY2027 guidance projects 9.5% revenue growth to 2,830B yen and 160B yen operating income, focusing on high value-added products. Revenue from SI and DI businesses grew year-over-year, with strong performance in carbon fiber for aircraft and water treatment, indicating momentum in premium materials despite near-term headwinds in commodity chemicals from Chinese competition and weak EV demand.
Cyborg Score Rationale
FY2026 revenue rose 0.9% to 2,585.1B yen; net income up 2.1% to 79.5B yen. The company shows mixed fundamentals with strong growth guidance offsetting near-term operational challenges. CLSA downgraded Toray Industries to Underperform from Outperform citing a worse outlook for carbon fiber due to Chinese competition.
Top Insights
Performance Chemicals segment declined 5.3% amid China competition and weak EV demand
Environment & Engineering surged 12.8%, indicating strength in sustainability-focused products
(May 2026) Q4 FY2026 earnings reported with net income up 2.1% to 79.5B yen despite revenue decline to 2,585.1B yen; FY2027 guidance targets 9.5% revenue growth
(May 2026) Performance Chemicals segment down 5.3% due to China competition and weak EV demand; Environment & Engineering up 12.8%
(March 2025) FY2025 revenue increased 4.0% to ¥2,563.3 billion with core operating income rising 39.1% to ¥142.8 billion, driven by carbon fiber and electronics materials strength
Open the full interactive Toray Industries, Inc. report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.