The fiscal 2015 business performance of seven leading Japanese spinners significantly endorsed the results achieved from making investments and structural reforms. For instance, Daiwabo Holdings Co., Ltd. reported achieving record-high profits. On a corporate-wide basis, the difference in business portfolios also resulted in a marked difference in business performance. As far as their textile business is concerned, five of the seven spinners increased their operating profits, and Nisshinbo Holdings Inc. and Shikibo Ltd. returned to black figures. Energy cost reductions due to low oil prices also were tailwinds improving profitability. The business performance of Daiwabo Holdings was particularly remarkable with its textile business achieving record profits. The synthetic and rayon […]

According to the consolidated account settlements of five major Japanese synthetic fiber producers for the fiscal year ending in March 2016, profitability improved with operating profits increasing thanks to the tailwinds from the positive effects of declines in raw material and fuel prices. Toray Industries, Inc. achieved record-breaking figures again in the stages of net sales, operating profits, ordinary profits and net profits. Asahi Kasei Corporation reported record profits for the third consecutive year. Similarly, the fiber and textile business of most of the producers posted double-digit growths in operating profits thanks to the decrease in manufacturing costs and improved export profitability from the weak Japanese currency. The fiscal account […]