JAPAN: Toray Full-Year Profit Plunges 78 Per Cent
Japan's leading producer of synthetic fibres, Toray Industries Inc, on Monday reported a 78 per cent year-on-year plunge in group net profit amid falling sales and a weak global economy. The company said in a statement its consolidated net profit for the year to March 31 was 3.8 billion yen ($29.78 million), with sales sliding 5.5 per cent to 1.02 trillion yen.