Japanese carbon fibre & apparel firm Teijin posts 15% sales jump in Q2

Teijin Limited, a Japanese manufacturer of carbon fibre and apparel products, posted a 15.0 per cent sales increase to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent […]


Teijin Limited, a Japanese manufacturer of carbon fibre and apparel products, posted a 15.0 per cent sales increase to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (Q2 FY20: ¥16.0 billion).

 

Teijin Ltd, a Japanese manufacturer of carbon fibre and apparel products, posted 15 per cent sales rise to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (¥16.0 billion).

Gross profit improved to ¥139.6 billion (¥126.2 billion), and company’s operating income marginally rose to ¥31.4 billion (¥31.0 billion).

 

Teijin Ltd, a Japanese manufacturer of carbon fibre and apparel products, posted 15 per cent sales rise to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (¥16.0 billion).

By segment, materials business recorded the highest sales to ¥190.8 billion (¥126.3 billion), whereas fibres and products converting business dropped to ¥133.5 billion (¥158.1 billion).

 

Teijin Ltd, a Japanese manufacturer of carbon fibre and apparel products, posted 15 per cent sales rise to ¥453.4 billion (Japanese yen) in the second quarter (Q2) of FY21 ended on September 30, 2021, over the same period of previous fiscal. Profit attributable to owners of parent during the quarter expanded 34.8 per cent to ¥21.6 billion (¥16.0 billion).

Teijin has not revised its outlook for the fiscal and estimates sales to reach ¥900.0 billion during the FY21.

Fibre2Fashion News Desk (JL)

Next Post

American retailer Kohl's achieves Q3 sales of $4.6 bn; raises outlook

Kohl’s Corp, a US-based leading omnichannel retailer, has reported a 15.6 per cent sales growth to $4.6 billion in the third quarter (Q3) of FY21 ended on October 30, 2021, over the sales of $3.9 billion in the same period of previous fiscal. Achieving strong Q3 results has […]