Toray Industries, Inc. (TYO: 3402)

Toray Industries Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	2,524,265	2,464,596	2,489,330	2,228,523	1,883,600	2,214,633
Revenue Growth (YoY)	2.55%	-0.99%	11.70%	18.31%	-14.95%	-7.29%
Cost of Revenue	2,058,875	2,021,073	2,068,495	1,792,554	1,506,100	1,776,276
Gross Profit	465,390	443,523	420,835	435,969	377,500	438,357
Selling, General & Admin	353,219	346,344	330,907	305,762	286,981	234,126
Research & Development	-	-	-	-	-	65,929
Other Operating Expenses	-5,918	-3,629	-2,695	-1,856	254	-
Operating Expenses	347,301	342,715	328,212	303,906	287,235	307,171
Operating Income	118,089	100,808	92,623	132,063	90,265	131,186
Interest Expense	-17,148	-16,840	-10,674	-4,995	-5,679	-7,235
Interest & Investment Income	11,819	11,698	8,177	6,114	5,920	7,024
Earnings From Equity Investments	8,452	8,850	7,398	19,342	12,812	-10,805
Currency Exchange Gain (Loss)	-1,081	-1,081	-1,208	482	-1,348	-
Other Non Operating Income (Expenses)	-711	-711	-824	-1,193	-2,018	-16,815
EBT Excluding Unusual Items	119,420	102,724	95,492	151,813	99,952	103,355
Gain (Loss) on Sale of Investments	-	-	25,066	-	-	2,383
Gain (Loss) on Sale of Assets	-6,373	-6,373	-2,646	-4,054	-5,519	-3,163
Asset Writedown	-36,784	-36,784	-6,042	-27,444	-28,867	-7,569
Other Unusual Items	-	-	-	-	-	-960
Pretax Income	76,263	59,567	111,870	120,315	65,566	94,046
Income Tax Expense	32,056	29,112	31,031	26,706	18,227	29,131
Earnings From Continuing Operations	44,207	30,455	80,839	93,609	47,339	64,915
Minority Interest in Earnings	-9,397	-8,558	-8,016	-9,374	-1,545	-9,190
Net Income	34,810	21,897	72,823	84,235	45,794	55,725
Net Income to Common	34,810	21,897	72,823	84,235	45,794	55,725
Net Income Growth	-25.70%	-69.93%	-13.55%	83.94%	-17.82%	-29.79%
Shares Outstanding (Basic)	1,602	1,602	1,601	1,601	1,600	1,600
Shares Outstanding (Diluted)	1,605	1,605	1,604	1,614	1,603	1,612
Shares Change (YoY)	0.03%	0.04%	-0.62%	0.70%	-0.55%	0.62%
EPS (Basic)	21.73	13.67	45.49	52.63	28.61	34.83
EPS (Diluted)	21.70	13.65	45.40	52.19	28.57	34.58
EPS Growth	-25.70%	-69.93%	-13.01%	82.67%	-17.38%	-30.23%
Free Cash Flow	51,766	51,550	42,997	46,091	89,108	89,998
Free Cash Flow Per Share	32.26	32.13	26.81	28.56	55.60	55.84
Dividend Per Share	18.000	18.000	18.000	16.000	9.000	16.000
Dividend Growth	0%	0%	12.50%	77.78%	-43.75%	0%
Gross Margin	18.44%	18.00%	16.91%	19.56%	20.04%	19.79%
Operating Margin	4.68%	4.09%	3.72%	5.93%	4.79%	5.92%
Profit Margin	1.38%	0.89%	2.93%	3.78%	2.43%	2.52%
Free Cash Flow Margin	2.05%	2.09%	1.73%	2.07%	4.73%	4.06%
EBITDA	248,817	230,002	218,998	252,432	206,084	249,510
EBITDA Margin	9.86%	9.33%	8.80%	11.33%	10.94%	11.27%
D&A For EBITDA	130,728	129,194	126,375	120,369	115,819	118,324
EBIT	118,089	100,808	92,623	132,063	90,265	131,186
EBIT Margin	4.68%	4.09%	3.72%	5.93%	4.79%	5.92%
Effective Tax Rate	42.03%	48.87%	27.74%	22.20%	27.80%	30.98%

Source: S&P Capital IQ. Standard template. Financial Sources.