Toray Industries, Inc. · TSE:3402

Toray Industries — FY Mar/2026 Earnings Presentation

34 slides from Toray Industries's earnings presentation, May 14, 2026

  1. Slide 1: Announcement of Business Results for FY Ended March 2026 and Forecast for FY Ending March 2027

    Announcement of Business Results for the Fiscal Year Ended March 2026 and Business Forecast for the Fiscal Year Ending March 2027 May 13, 2026 Toray Industries, Inc.

  2. Slide 2: Contents

    Contents I. Business Results for the Fiscal Year Ended March 2026 …………………………………… 3 II. Business Forecast for the Fiscal Year Ending March 2027 (Consolidated Basis) …………………………………………………………………………………… 14 III. Reference ……………………………………………………………………………………… 20 Copyright © 2026 Toray Industries, Inc. 1

  3. Slide 3: Summary of Business Performance and Forecast

    Summary of Business Performance and Forecast Consolidated Business Results Impact of the Middle Trend in Core Core operating income of FY Mar/26: 141.9 billion yen, a slight decrease year-on-year Operating East situation▲13.0 1 Income Core operating income of FY Mar/27: Forecast 160 billion yen, fac

  4. Slide 4: Business Results for the Fiscal Year Ended March 2026

    I Business Results for the Fiscal Year Ended March 2026 3

  5. Slide 5: Summary of Consolidated Business Results for the Fiscal Year Ended March 2026

    Summary of Consolidated Business Results for the Fiscal Year Ended March 2026 Billion yen FY Mar/25 FY Mar/26 Changes Revenue 2,563.3 2,585.1 +21.8 (+0.9%) Core Operating Income 142.8 141.9 -0.8 (-0.6%) Core Operating Margin 5.6% 5.5% -0.1 points Special Items ▲ 15.3 ▲ 44.7 -29.4 Finance Income and

  6. Slide 6: Special Items

    Special Items Billion yen FY Mar/25 FY Mar/26 Changes Gain on Sale or Disposal of Fixed Assets 4.2 0.7 -3.5 Loss on Sale or Disposal of Fixed Assets ▲ 7.7 ▲ 10.2 -2.5 Impairment Losses*1 ▲ 9.9 ▲ 33.8 -23.9 Economic Compensation*2 ▲ 1.9 - +1.9 Loss on Warehouse Fire*3 - ▲ 1.4 -1.4 Special Items ▲ 15.

  7. Slide 7: Assets, Liabilities, Equity, and Free Cash Flow

    Assets, Liabilities, Equity, and Free Cash Flow Billion yen End of Mar/25 End of Mar/26 Changes Total Assets 3,292.6 3,477.0 +184.4 Current Assets 1,462.0 1,529.0 +67.0 Property, Plant and Equipment 1,109.6 1,175.9 +66.3 Other Non-Current Assets 721.0 772.1 +51.1 Total Liabilities 1,472.0 1,549.1 +7

  8. Slide 8: Revenue and Core Operating Income by Segment, and Factor Analysis

    Revenue and Core Operating Income by Segment, and Factor Analysis of Core Operating Income The Fibers & Textiles segment remained robust mainly in the apparel applications. Business The Performance Chemicals segment was affected by the weak market conditions, and the Carbon Fiber Composite Materials

  9. Slide 9: Business Performance by Segment (Fibers & Textiles)

    Business Performance by Segment (Fibers & Textiles) Strong overall, despite the stagnation in the European market and the continued impact of the intensified competition with Business ◼ Apparel Applications overseas products. Performance ◼ Industrial Applications Amid a sense of stagnation in the ma

  10. Slide 10: Business Performance by Segment (Performance Chemicals)

    Business Performance by Segment (Performance Chemicals) The resins business stagnated due to the impact of the slowdown in the automotive applications while the chemicals business also was ◼ Resins, Chemicals Business affected by the worsening market conditions. Business Demand for electronic compon

  11. Slide 11: Business Performance by Segment (Carbon Fiber Composite Materials)

    Business Performance by Segment (Carbon Fiber Composite Materials) ◼ Aerospace Applications Sales for a major customer have steadily recovered accompanying the alleviation of inventory adjustment in supply chain. Business Including the pressure vessel applications, entered an adjustment phase. Recov

  12. Slide 12: Business Results by Segment (Environment & Engineering)

    Business Results by Segment (Environment & Engineering) Reverse osmosis (RO) membranes for the Middle East and plant construction projects in Japan remained solid. Business ◼ Water Treatment Business However, the business was affected by the stagnant market conditions in China and intensified compet

  13. Slide 13: Business Results by Segment (Life Science)

    Business Results by Segment (Life Science) ◼ Pharmaceutical Business Overseas sales grew mainly in China, but sales in Japan were affected by the penetration of generic versions. Business Performance ◼ Medical Equipment Business Sales of hemodialysis dialyzers and catheters stagnated, but efforts we

  14. Slide 14: Results of Major Subsidiaries and Regions

    Results of Major Subsidiaries and Regions Billion yen Revenue Core Operating Income FY Mar/25 FY Mar/26 Changes FY Mar/25 FY Mar/26 Changes Toray International, Inc. 627.6 642.2 +14.5 14.3 12.8 -1.5 Toray Engineering Co., Ltd. 125.5 121.4 -4.1 7.2 8.7 +1.5 Toray Construction Co., Ltd. 47.6 61.4 +13.

  15. Slide 15: Business Forecast for the Fiscal Year Ending March 2027

    II Business Forecast for the Fiscal Year Ending March 2027 (Consolidated Basis) 14

  16. Slide 16: Forecast Summary for the Fiscal Year Ending March 2027

    Forecast Summary for the Fiscal Year Ending March 2027 Assumptions for the business forecast The global economy is expected to continue with the gradual recovery phase. The Japanese economy is also expected to continue with its gradual recovery. However, downside risks remain, including escalating t

  17. Slide 17: Forecast by Segment

    Forecast by Segment An increase in revenue and core operating income is expected, reflecting demand expansion in growth business fields in the Fibers & Textiles, Performance Chemicals, and Carbon Fiber Composite Materials segments, as well as by the effects of strategic pricing and profitability imp

  18. Slide 18: Core Operating Income by Segment: FY Mar/26 vs Mar/27

    Core Operating Income by Segment: FY Mar/26 vs Mar/27 Carbon Fiber Fibers & Textiles 68.0 75.0 Revenue: increase Core operating income: increase Composite 17.6 24.0 Revenue: increase Billion yen Core operating income: increase Billion yen ▌ Apparel Applications Materials • Expect to be strong, due t

  19. Slide 19: Trends in Capital Expenditures, Depreciation and Amortization, and R&D Expenditures

    Trends in Capital Expenditures, Depreciation and Amortization, and R&D Expenditures Capital Expenditures Depreciation and Amortization R&D Expenditures 3,000 (Billion yen) ■ Toray 2,500 (Billion （億円）yen) i l l2,500 ( B(Billion i o n yen) （億円） yen) ■ Toray ■ Toray ■ Consolidated ■東レ ■連結子会社 subsidiari

  20. Slide 20: Shareholders Return

    Shareholders Return ◼ Maintaining stable and sustainable dividends as a base, while pursuing progressive dividends supported by profit growth ◼ Flexible share buybacks, with due consideration to both strengthening our financial position and optimizing our capital structure ◼ For FY 2026, the Company

  21. Slide 21: Reference

    III Reference 20

  22. Slide 22: Progress of AP-G 2025

    Progress of AP-G 2025 Shortly after the start of AP-G 2025, the business environment significantly changed due to factors such as increased geopolitical risks. In response, we implemented intensive measures to improve the profitability of specific businesses and companies under Darwin Project. Furth

  23. Slide 23: Toray Group's Growth Business Fields

    Toray Group’s Growth Business Fields Basic strategy 1 Sustainable growth Expanding revenues from businesses related to Sustainability Innovation Business(*1) and Digital Innovation Business to about 60% of total Growth Business Fields under AP-G 2025 Revenue of growth business fields Gross profit (T

  24. Slide 24: Toray Group's Growth Business Fields

    Toray Group’s Growth Business Fields Basic strategy 1 Sustainable growth Contributing to better medical Accelerating measures Revenue Target care and hygiene for people (Billion yen) to counter climate change Example Example 1,600.0 1,368.9 13,865 13,115 13,689 1,311.5 1,386.5 23% © BOEING Providing

  25. Slide 25: Strengthening Competitiveness

    Strengthening Competitiveness Basic strategies 3 Strengthening competitiveness ▌Promote cross-organizational cost reduction activities that leverage the Group’s collective strengths ▌Roll out a mechanism for sharing information on inter-organizational activities and cost-reduction initiatives group-

  26. Slide 26: Progress of AP-G 2025

    Progress of AP-G 2025 Billion yen FY 2023 FY 2024 FY 2025 AP-G 2025 Actual Actual Actual FY 2025 Target Revenue 2,464.6 2,563.3 2,585.1 2,800.0 Core operating income 102.6 142.8 141.9 180.0 Core operating margin 4.2% 5.6% 5.5% 6% ROIC* 2.8% 4.4% 4.7% Around 5% ROE 1.3% 4.5% 4.5% Around 8% Free cash

  27. Slide 27: Targets for Sustainability and Progress

    Targets and for Sustainability and Progress Each relative ratio is calculated in comparison to FY 2013 FY 2013 Actual FY 2023 Actual FY 2024 Actual FY 2025 Actual FY 2025 Target (Baseline year) (IFRS) (IFRS) (IFRS) (IFRS) (J-GAAP) Revenue from Sustainability Innovation 1,311.5 billion yen 1,368.9 bi

  28. Slide 28: Quarterly Revenue by Segment

    Quarterly Revenue by Segment Billion yen FY Mar/25 FY Mar/26 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Fibers & Textiles 244.8 270.7 259.1 236.5 1,011.1 239.9 264.1 300.9 246.2 1,051.1 Performance 241.7 235.8 234.5 232.9 944.9 220.1 223.2 225.4 225.7 894.4 Chemicals Carbon Fiber 77.7 75.1 70.4 76.7 300.0

  29. Slide 29: Quarterly Revenue of Performance Chemicals and Carbon Fiber Composite Materials by Subsegments

    Quarterly Revenue of Performance Chemicals and Carbon Fiber Composite Materials by Subsegments Performance Chemicals Billion yen FY Mar/25 FY Mar/26 1Ｑ 2Ｑ 3Ｑ 4Ｑ Total 1Ｑ 2Ｑ 3Ｑ 4Ｑ Total Resins, Chemicals 106.3 107.2 108.3 105.7 427.5 98.4 100.8 105.2 102.9 407.2 Films 96.2 91.0 88.9 89.3 365.3 87.1 8

  30. Slide 30: Quarterly Revenue of Major Subsidiaries and Regions

    Quarterly Revenue of Major Subsidiaries and Regions Billion yen .FY Mar/25 FY Mar/26 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Toray International, Inc. 144.8 163.7 175.8 143.3 627.6 151.0 166.1 178.5 146.6 642.2 Toray Engineering Co., Ltd. 28.1 32.1 27.0 38.3 125.5 23.3 21.4 30.3 46.4 121.4 Toray Constru

  31. Slide 31: Quarterly Core Operating Income of Major Subsidiaries and Regions

    Quarterly Core Operating Income of Major Subsidiaries and Regions Billion yen FY Mar/25 FY Mar/26 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total Toray International, Inc. 3.1 4.0 4.3 2.8 14.3 3.1 3.5 3.3 3.0 12.8 Toray Engineering Co., Ltd. 1.0 1.4 1.5 3.4 7.2 0.3 0.6 2.7 5.1 8.7 Toray Construction Co., Ltd. 0

  32. Slide 32: External Evaluations from the Perspectives of ESG

    External Evaluations from the Perspectives of ESG ■ CDP ■ S&P Global Sustainability Yearbook Member December 2025 February 2026 Water Security：A Climate Change：A- ■ Selected as a component of major overseas indexes May 2026 Dow Jones Best-in-Class Asia Pacific Index June 2025 June 2025 June 2025 MSC

  33. Slide 33: Descriptions of predicted business results and projections

    Descriptions of predicted business results, projections, and business contained in this material are based on predictive forecasts of the future business environment made at the present time. The material in this presentation is not a guarantee of the Company’s future business performance. Copyright

  34. Slide 34: Copyright © 2026 Toray Industries, Inc.

    Copyright © 2026 Toray Industries, Inc.

Toray Industries — FY Mar/2026 Earnings Presentation on 6ix