Toray Industries, Inc. Provides Dividend Guidance for the Second Quarter Ending September 30, 2024 and Full Year Ending March 31, 2025; Declares Cash Dividend for the Year Ended March 31, 2024, Payable on June 26, 2024
May 12, 2024 at 11:00 pm EDT
Share
Toray Industries, Inc. provided dividend guidance for the second quarter ending September 30, 2024 and full year ending March 31, 2025. For the quarter, the company expects to pay a dividend of ¥9 against ¥9 a year ago.
For the year, the company expects to pay a dividend of ¥9 against ¥9 a year ago.
The company declared a cash dividend of ¥9 per share for the year ended March 31, 2024. Scheduled date to commence dividend payments on June 26, 2024.
Toray Industries, Inc. is a diversified group organized around 5 areas of activity:
- fiber and textile production (38.2% of net sales): nylon, polyester, acrylic fibers, non-woven products, etc.;
- plastic and chemical manufacture (38.2%): resins, plastic films, fine chemicals, etc.;
- engineering and environmental services (10.3%): development, construction, and assembly of industrial units, manufacture of seawater desalinization equipment, wastewater treatment equipment, etc.;
- production of carbon fibers (9.7%);
- other (3.6%): primarily fabrication of pharmaceutical and medical products.
Net sales break down geographically as follows: Japan (44%), China (19.5%), Asia (19.8%) and other (16.7%).
Toray Industries, Inc. Provides Dividend Guidance for the Second Quarter Ending September 30, 2024 and Full Year Ending March 31, 2025; Declares Cash Dividend for the Year Ended March 31, 2024, Payable on June 26, 2024