Toray Indus Inc Unsp/Adr (TRYIY) Q2 2026 Earnings Call

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WEBVTT 00:00:01.482 -- 00:00:05.408 Thank you very much for joining us today despite your busy schedule. 00:00:05.408 -- 00:00:10.114 On behalf of Tore Group, I'd like to take this opportunity to extend my gratitude towards 00:00:10.114 -- 00:00:15.482 your continued understanding and your interest in our management and business activities. 00:00:15.482 -- 00:00:20.369 Now, I'd like to report Tore's business results for the second quarter ended September 00:00:20.369 -- 00:00:22.312 30, 2025 00:00:22.312 -- 00:00:27.035 and the business focus for the fiscal year ending March 2026. 00:00:29.140 -- 00:00:34.764 Now, I'd like to follow the table of contents shown on page 1. 00:00:35.547 -- 00:00:38.911 This is a summary of the business performance and forecast. 00:00:38.911 -- 00:00:44.077 The business environment of the first half continued the gradual recovery, but sluggishness 00:00:44.077 -- 00:00:48.903 in the flow of goods and holding back on purchases were also seen in some areas against 00:00:48.903 -- 00:00:53.989 the backdrop of growing uncertainties triggered by the US policy shift under the Trump 00:00:53.989 -- 00:00:55.651 administration. 00:00:55.651 -- 00:01:01.100 Amid these circumstances, cooperating income of the first six months decreased year-on-year 00:01:01.100 -- 00:01:03.904 to ¥67.9 billion 00:01:03.904 -- 00:01:08.532 due to the sluggish market conditions and impact from inventory adjustment although the 00:01:08.532 -- 00:01:12.878 company worked on business structure reform and strategic pricing. 00:01:12.878 -- 00:01:18.007 The full-year forecast for the cooperating income of the fiscal year ending March 2026 00:01:18.007 -- 00:01:23.545 increased to ¥150 billion compared with the previous fiscal year. 00:01:23.545 -- 00:01:28.151 As for th...