Spinners Structural Reforms Achieve Results

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

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Synthetic Fiber Producers Fiber & Textile Business Posts Sharply Increased Profits

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

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Nisshinbo Textile Expanding Exports With One-of-a-Kind Technology

Nisshinbo Textile Inc. is enjoying growing demand for its denim also in overseas markets headed by premium jeans makers on the U.S. West Coast. Thanks to the increasing attention toward its one-of-a-kind technology and weakening of the extremely strong Japanese currency, the company’s denim exports from Japan have been increasing since fiscal 2015, and exports have been maintaining their momentum this year as well. In response to growing demand, the company has increased its export sales staffers. Nisshinbo Textile’s denim business is drawing attention worldwide, and its current activities are introduced as follows. The denim that Nisshinbo Textile exports to the U.S. is woven on projectile looms inserting two aligned

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