Toray Industries, Inc. · TSE:3402

Toray Industries — Q3 2026 Earnings Presentation

27 slides from Toray Industries's earnings presentation, Feb 10, 2026

  1. Slide 1: Announcement of Business Results for the 3Q and Nine Months Ended December 31, 2025

    Announcement of Business Results for the 3Q and Nine Months Ended December 31, 2025 February 10, 2026 Toray Industries, Inc.

  2. Slide 2: Contents

    Contents I. Consolidated Business Results for the 3Q and Nine Months Ended December 31, 2025 ………………………………………… 3 II. Business Forecast for the Fiscal Year Ending March 2026 (Consolidated Basis) …………………………………………… 15 III. Reference ……………………………………………………………………………………… 19 Copyright © 2026 Toray Industries,

  3. Slide 3: Summary of Business Performance and Forecast

    Summary of Business Performance and Forecast Consolidated Business Results Forecast for Core Operating Income （Billion yen) 1 Core operating income of the nine months: Decreased year-on-year to 105.1 billion yen Full-year forecast for core operating income: Increase year-on-year to 150.0 billion yen

  4. Slide 4: Consolidated Business Results for the 3Q and Nine Months Ended December 31, 2025

    I Consolidated Business Results for the 3Q and Nine Months Ended December 31, 2025 3

  5. Slide 5: Summary of Consolidated Business Results for the 3Q and Nine Months Ended December 31, 2025

    Summary of Consolidated Business Results for the 3Q and Nine Months Ended December 31, 2025 Billion yen FY Mar/25 FY Mar/26 FY Mar/25 FY Mar/26 3Q 3Q Changes Nine Months Nine Months Changes (Oct.-Dec.) (Oct.-Dec.) (Apr.-Dec.) (Apr.-Dec.) Revenue 629.8 685.2 +55.4 (+8.8%) 1,923.9 1,919.5 -4.4 (-0.2%)

  6. Slide 6: Special Items

    Special Items Billion yen FY Mar/25 FY Mar/26 FY Mar/25 FY Mar/26 3Q 3Q Changes Nine Months Nine Months Changes (Oct.-Dec.) (Oct.-Dec.) (Apr.-Dec.) (Apr.-Dec.) Gain on Sale or Disposal of 0.3 0.4 +0.1 3.8 0.5 -3.3 Fixed Assets Loss on Sale or Disposal of ▲ 1.9 ▲ 2.5 -0.6 ▲ 4.2 ▲ 5.6 -1.4 Fixed Asset

  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 Dec/25 Changes Total Assets 3,292.6 3,515.1 +222.5 Current Assets 1,462.0 1,615.0 +153.0 Property, Plant and Equipment 1,109.6 1,162.9 +53.4 Other Non-Current Assets 721.0 737.2 +16.1 Total Liabilities 1,472.0 1,630.5 +

  8. Slide 8: Capital Expenditures, Depreciation and Amortization, and R&D Expenditures

    Capital Expenditures, Depreciation and Amortization, and R&D Expenditures Billion yen FY Mar/25 FY Mar/26 Nine Months Nine Months Changes (Apr.-Dec.) (Apr.-Dec.) Capital Expenditures 144.5 102.7 -41.9 Toray 41.1 22.6 -18.4 Consolidated Subsidiaries 103.5 80.1 -23.4 Depreciation and Amortization 99.7

  9. Slide 9: Revenue and Core Operating Income by Segment, and Factor Analysis of Core Operating Income

    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

  10. Slide 10: Business Performance by Segment (Fibers & Textiles)

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

  11. Slide 11: Business Performance by Segment (Performance Chemicals)

    Business Performance by Segment (Performance Chemicals) Sales of the resins business stagnated due to the impact of the slowdown in the automobile applications, while the chemicals ◼ Resins, Chemicals Business business also was affected by the worsening market conditions. Business ◼ Films Business D

  12. Slide 12: 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 Performance ◼ Industrial Applications The pressure vessel applications entered

  13. Slide 13: Business Results by Segment (Environment & Engineering)

    Business Results by Segment (Environment & Engineering) Business ◼ Water Treatment Business Affected by the sluggish market conditions in China even as the shipment for the Middle East remained strong. Performance ◼ Japanese Subsidiaries A construction subsidiary kept sales steady. Revenue and Core

  14. Slide 14: Business Results by Segment (Life Science)

    Business Results by Segment (Life Science) ◼ Pharmaceutical business Affected by the impact of the penetration of the generic versions in Japan, while overseas sales grew mainly in China. Business Performance ◼ Medical Equipment business Sales of dialyzers for hemodiafiltration, catheters, and other

  15. Slide 15: Results of Major Subsidiaries and Regions

    Results of Major Subsidiaries and Regions Billion yen Revenue Core Operating Income FY Mar/25 FY Mar/26 FY Mar/25 FY Mar/26 Nine Months Nine Months Changes Nine Months Nine Months Changes (Apr.-Dec.) (Apr.-Dec.) (Apr.-Dec.) (Apr.-Dec.) Toray International, Inc. 484.3 495.6 +11.3 11.4 9.8 -1.6 Toray

  16. Slide 16: Business Forecast for the Fiscal Year Ending March 2026 (Consolidated Basis)

    II Business Forecast for the Fiscal Year Ending March 2026 (Consolidated Basis) 15

  17. Slide 17: Forecast Summary for the Fiscal Year Ending March 2026

    Forecast Summary for the Fiscal Year Ending March 2026 Assumptions for the business forecast The global economy is expected to continue with the gradual recovery phase. While the uncertainties stemming from the Trump tariffs will remain high, their impact on the global economy is likely to be limite

  18. Slide 18: Forecast by Segment

    Forecast by Segment Toray expects increase in revenue and core operating income driven by sales expansion in the Fibers & Textiles and Environment & Engineering segments, as well as taking in the effects of the strategic pricing and profitability improvement projects. Billion yen FY Mar/25 Actual FY

  19. Slide 19: Difference from the Forecast for Core Operating Income announced on Nov.14 by Segment

    Difference from the Forecast for Core Operating Income announced on Nov.14 by Segment Full-year Core Operating Income Forecast* Segments Forecast on Nov.14 → New Variance Factors ( ) difference 71.5 → 70.0 • The apparel applications are expected to remain strong, mainly in sales of garments. On the

  20. Slide 20: Reference

    III Reference 19

  21. Slide 21: Quarterly Revenue and Core Operating Income by Segment

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

  22. Slide 22: Quarterly Revenue of Performance Chemicals and Carbon Fiber Composite Materials by Sub-Segments

    Quarterly Revenue of Performance Chemicals and Carbon Fiber Composite Materials by Sub-Segments Billion yen FY Mar/25 FY Mar/26 Performance 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q Chemicals Resins, Chemicals 106.3 107.2 108.3 105.7 427.5 98.4 100.8 105.2 Films 96.2 91.0 88.9 89.3 365.3 87.1 86.9 84.3 Electronic

  23. Slide 23: 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 Toray International, Inc. 144.8 163.7 175.8 143.3 627.6 151.0 166.1 178.5 Toray Engineering Co., Ltd. 28.1 32.1 27.0 38.3 125.5 23.3 21.4 30.3 Toray Construction Co., Ltd. 10.3 9.9 8.7 18.7

  24. Slide 24: 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 Toray International, Inc. 3.1 4.0 4.3 2.8 14.3 3.1 3.5 3.3 Toray Engineering Co., Ltd. 1.0 1.4 1.5 3.4 7.2 0.3 0.6 2.7 Toray Construction Co., Ltd. 0.3 0.7 ▲ 0.2 1.2 1.9 ▲ 0.1

  25. Slide 25: External Evaluations from the Perspectives of ESG

    External Evaluations from the Perspectives of ESG ■ MSCI ■ CDP ■ S&P Global Sustainability Yearbook Member August 2025 December 2025 February 2025 Water Security：A Climate Change：A- ■ Selected as a component of major overseas indexes December 2024 Dow Jones Best-in-Class Asia Pacific Index June 2025

  26. Slide 26: Descriptions of predicted business results, projections, and business contained in this material

    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

  27. Slide 27: Copyright © 2026 Toray Industries, Inc.

    Copyright © 2026 Toray Industries, Inc.

Toray Industries — Q3 2026 Earnings Presentation on 6ix