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Japan’s Torray announces financial results for Q2

by ChemOrbis Editorial Team -
  • 10/08/2015 (11:23)
According to a press release on the company’s website, Japan’s Torray announced its financial results for the second quarter of 2015. The company’s net sales reached Yen 496.9 billion ($4.1 billion) in the April-June period, up 10.8% from the same period of 2014. Operating income, meanwhile, reached Yen37 billion ($302 million), up 72% from a year earlier.

As for the Plastics & Chemicals segment, the company’s net sales reached Yen123.7 billion ($1 billion) in the second quarter of 2015, up from Yen120 billion a year earlier. Meanwhile, the company’s income for the segment reached Yen7.5 billion ($62 million), up from Yen5.7 billion in the same period of the previous year.

The stronger results in the Plastics & Chemicals segment was mainly attributed to persistent strength in overall domestic sales stemming from expansion of exports on the back of a weaker yen.
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