Toray Industries Inc., 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.