Toray Indus Inc Unsp/Adr (TRYIY) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for joining us despite your busy schedule. Today, I'd like to explain about storage vision from the medium to long-term perspective and the medium-term management program, Ignition 2028, our initiatives to realize our vision. Now, I'd like to follow the index shown on this page. I'll begin by sharing our overall view of the key issues, then explain our long-term vision and management strategy, as well as our medium-term management program. First, reviewing the current medium-term management program, APG 2025. I'd like to summarize the achievements of the past three years and clarify the challenges that have emerged for the next stage. This slide presents the consolidated progress on APG 2025 target. The left side shows the trends in revenue and cooperating income and the right side ROIC and ROE. Revenue and cooperating income are forecasted to increase significantly compared with FY 2022 reflecting strategic pricing and structural reform. Compared with APG 2025, however, we fell short of the target as lower sales volumes caused by delays in business expansion, particularly in performance chemicals and carbon fiber composite materials. By advancing management with ROIC as our core management principle, we expect to reach the ROIC target of around 5%. Meanwhile, ROE is expected to be below the target. Next, the progress on target by segment. This slide shows the trends in each segment's revenue growth rate, cooperating income growth rate, and ROIC. Cooperating income increased and ROIC improved across all segments except for the life science segment under structural reform. The graph on the right shows trends of cooperating income by segment. The segment with the largest increase in cooperating income was performance chemicals. While the utilization...