Sluggishness in Japan’s economy affects Toray Q1 results
Industrial group Toray has reported revenues of around $4.4 billion for the first quarter of its current business year, the three months to June 30, 2025. In Japanese yen, the amount represented a fall of 6.6% compared to the same quarter a year earlier.
The groups fibre and textile division achieved revenues of around $1.6 billion, down by 2% year on year.
For performance chemicals, the figure was closer to $1.5 billion and was down by 9%.
Toray presented these results against a backdrop of what it assessed as an economy that remained strong in the US and improving in the European Union. But it said there were few signs of recovery in China.
It said the Japanese economy continued to recover gradually, but added that there was “sluggishness in the flow of goods” there, and that a holding back on purchases was also in evidence.
