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By
Fibre2Fashion
Published
Aug 9, 2021
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Japanese carbon fibre producer Teijin's Q1 sales expands to ¥226 bn

By
Fibre2Fashion
Published
Aug 9, 2021

Teijin Ltd, a Japanese manufacturer of carbon fibre products, posted a 26.1% sales increase to ¥225.9 billion in Q1 FY21 ended on June 30, against ¥179.1 billion in the same period of FY20.



Operating income grew 37.1% to ¥17.2 billion (from ¥12.6 billion), while profit improved to ¥10.4 billion (¥6.2 billion).

Gross profit for Q1 FY21 surged to ¥70.8 billion (¥59.6 billion), and the company’s ordinary income climbed to ¥18.4 billion (¥12.4 billion).

The company’s materials business achieved sales of ¥99.2 billion (¥56.2 billion), whereas fibres & products converting sales slipped to ¥66.2 billion (¥72.4 billion).
 
Looking ahead, Teijin expects its sales to grow 7.5% during FY21 to ¥900 billion, with operating profit up 9.2% to ¥60 billion.

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