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	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	2,559,328	2,464,596	2,489,330	2,228,523	1,883,600	2,214,633
Revenue Growth (YoY)	5.46%	-0.99%	11.70%	18.31%	-14.95%	-7.29%
Cost of Revenue	2,070,621	2,021,073	2,068,495	1,792,554	1,506,100	1,776,276
Gross Profit	488,707	443,523	420,835	435,969	377,500	438,357
Selling, General & Admin	358,504	346,344	330,907	305,762	286,981	234,126
Research & Development	-	-	-	-	-	65,929
Other Operating Expenses	-5,672	-3,629	-2,695	-1,856	254	-
Operating Expenses	352,832	342,715	328,212	303,906	287,235	307,171
Operating Income	135,875	100,808	92,623	132,063	90,265	131,186
Interest Expense	-19,453	-16,840	-10,674	-4,995	-5,679	-7,235
Interest & Investment Income	11,923	11,698	8,177	6,114	5,920	7,024
Earnings From Equity Investments	4,951	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	131,504	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	88,347	59,567	111,870	120,315	65,566	94,046
Income Tax Expense	30,417	29,112	31,031	26,706	18,227	29,131
Earnings From Continuing Operations	57,930	30,455	80,839	93,609	47,339	64,915
Minority Interest in Earnings	-9,376	-8,558	-8,016	-9,374	-1,545	-9,190
Net Income	48,554	21,897	72,823	84,235	45,794	55,725
Net Income to Common	48,554	21,897	72,823	84,235	45,794	55,725
Net Income Growth	14.04%	-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)	30.31	13.67	45.49	52.63	28.61	34.83
EPS (Diluted)	30.26	13.65	45.40	52.19	28.57	34.58
EPS Growth	14.06%	-69.93%	-13.01%	82.67%	-17.38%	-30.23%
Free Cash Flow	83,414	51,550	42,997	46,091	89,108	89,998
Free Cash Flow Per Share	51.97	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	19.10%	18.00%	16.91%	19.56%	20.04%	19.79%
Operating Margin	5.31%	4.09%	3.72%	5.93%	4.79%	5.92%
Profit Margin	1.90%	0.89%	2.93%	3.78%	2.43%	2.52%
Free Cash Flow Margin	3.26%	2.09%	1.73%	2.07%	4.73%	4.06%
EBITDA	266,472	230,002	218,998	252,432	206,084	249,510
EBITDA Margin	10.41%	9.33%	8.80%	11.33%	10.94%	11.27%
D&A For EBITDA	130,597	129,194	126,375	120,369	115,819	118,324
EBIT	135,875	100,808	92,623	132,063	90,265	131,186
EBIT Margin	5.31%	4.09%	3.72%	5.93%	4.79%	5.92%
Effective Tax Rate	34.43%	48.87%	27.74%	22.20%	27.80%	30.98%

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