Toray Indus Inc Unsp/Adr (TRYIY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for joining us today despite your busy schedule. On behalf of Torre Group, I'd like to take this opportunity to extend my gratitude towards your continued understanding and your interest in our management and business activities. Now, I'd like to report Torre's business results for the first quarter ended June 30, 2025. Now, I'd like to follow the table of contents shown on page 1. This is a summary of the business performance and forecast. In the first quarter, while gradual recovery of Japanese economy continued, sluggishness in the flow of goods and holding back on purchases were also seen in some area against the backdrop of growing uncertainties triggered by U.S. policy shifts by the Trump administration. Under such business environment, the cooperating income for the first quarter decreased compared with the same period a year earlier to due to weak market conditions and inventory adjustment, although the company promoted business structure reform and strategic pricing. The consolidated business forecast for the fiscal year ending March 2026 is the same as the initial forecast announced on May 14, 2025. In terms of annual dividends for the fiscal year ending March 2026, The company anticipates paying ¥20 per share of common stock, a ¥2 increase compared with the previous fiscal year. Furthermore, the company is proceeding with share buybacks in line with the resolution at the Board of Directors meeting held in November 2024. As of the end of July 2025, the total repurchase price of shares has reached ¥80 billion, equivalent to 82 million shares. I'll explain the details starting from the next page. I'd like to begin with an overview of business results for the first quarter ended June 30, 2025. Please turn to page 4. Consolidated revenue for...