Toray Second-Quarter Profit Climbs 62% on Carbon Fiber Demand

Toray Industries Inc. (3402), the maker of carbon fiber used in Boeing Co.’s 787 Dreamliner, said second-quarter profit rose 62 percent as demand for the material grew.

Net income rose to 16.1 billion yen ($163 million) in the three months ended Sept. 30 from 9.9 billion yen a year ago, the company said in a statement today. Sales rose 16 percent to 451 billion yen.

Operating profit at Toray’s carbon fiber business more than doubled to 4.5 billion yen from 2 billion yen a year ago, while sales rose 52 percent to 27.7 billion yen.

The environment and engineering business, which makes water-treatment membranes, posted a fourfold gain in operating income to 400 million yen during the period. Its sales rose 12 percent to 44.3 billion yen.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.