Toray Industries Reports 9-Month Profit Decline, Cuts FY Revenue Forecast

Toray Industries (TYI) reported a 9-month profit down 12.3% to ¥3.74 billion (USD 349 million) through January 2026, citing soft demand and lower prices in key markets. The company revised its full-year profit outlook to a narrow loss, citing ongoing weakness in electronic materials and fiberglass demand. Supporting context: The revenue forecast was下调 from ¥1.55 trillion to ¥1.45 trillion for fiscal 2026, reflecting reduced output and pricing pressure. Management attributed the decline to geopolitical-driven supply chain disruptions and a slowing global economy. The stock closed at ¥2,250 on February 9, 2026, down 2.1% on the announcement.