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

Investor webinar replay

Replay transcript excerpt

Thank you very much for joining us today despite your busy schedule. On behalf of Tore 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 Tore's business results for the second quarter ended September 30, 2025 and the business focus for the fiscal year ending March 2026. Now, I'd like to follow the table of contents shown on page 1. This is a summary of the business performance and forecast. The business environment of the first half continued the gradual recovery, but sluggishness in the flow of goods and holding back on purchases were also seen in some areas against the backdrop of growing uncertainties triggered by the US policy shift under the Trump administration. Amid these circumstances, cooperating income of the first six months decreased year-on-year to ¥67.9 billion due to the sluggish market conditions and impact from inventory adjustment although the company worked on business structure reform and strategic pricing. The full-year forecast for the cooperating income of the fiscal year ending March 2026 increased to ¥150 billion compared with the previous fiscal year. As for the shareholders' return, in line with the resolution at the Board of Directors meeting held on November 7, 2024, Tobler completed the share buybacks. The total repurchase price of shares has reached ¥100 billion, equivalent to 103 million shares. Furthermore, the company resolved ¥50 billion of additional share buybacks at the Board of Directors meeting on November 14, 2025. This resolution for repurchase shares is pursuant to this policy for the reduction of cross-share holdings. I'll explain the details starting from the next page. I'd like to begin w...