Japanese carbon fiber and clothing company Teijin reports 15% sales increase in second quarter

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Teijin Limited, a Japanese manufacturer of carbon fiber products and apparel, posted a 15.0% increase in sales to 453.4 billion yen (Japanese yen) in the second quarter (Q2) of fiscal year 21 ended September 30, 2021, compared to the same period of the previous fiscal year. tax. Profit attributable to owners of the parent company in the quarter increased 34.8% to 21.6 billion yen (T2 FY20: 16.0 billion yen).

Teijin Ltd, a Japanese manufacturer of carbon fiber products and apparel, posted a 15% increase in sales to 453.4 billion yen (Japanese yen) in the second quarter (Q2) of fiscal 21 ended September 30, 2021, compared to the same period of the previous fiscal year. . Profit attributable to owners of the parent company in the quarter increased 34.8% to 21.6 billion yen (16.0 billion yen).

Gross profit improved to 139.6 billion yen (126.2 billion yen), and the company’s operating profit edged up to 31.4 billion yen (31.0 billion yen).

Teijin Ltd, a Japanese manufacturer of carbon fiber products and apparel, posted a 15% increase in sales to 453.4 billion yen (Japanese yen) in the second quarter (Q2) of fiscal 21 ended September 30, 2021, compared to the same period of the previous fiscal year. . Profit attributable to owners of the parent company in the quarter increased 34.8% to 21.6 billion yen (16.0 billion yen).

By segment, materials business recorded the highest sales at 190.8 billion yen (126.3 billion yen), while fiber and product processing business fell to 133.5 billion yen (158.1 billion yen).

Teijin Ltd, a Japanese manufacturer of carbon fiber products and apparel, posted a 15% increase in sales to 453.4 billion yen (Japanese yen) in the second quarter (Q2) of fiscal 21 ended September 30, 2021, compared to the same period of the previous fiscal year. . Profit attributable to owners of the parent company in the quarter increased 34.8% to 21.6 billion yen (16.0 billion yen).

Teijin has not revised its outlook for the fiscal year and estimates that sales are expected to reach 900.0 billion yen in fiscal year 21.

Fibre2Fashion Information Office (JL)


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