TORAY INDUSTRIES INC chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 1,449.79
Dividend & Yield18.00¥ (2.31%)
Beta 0.9
Market capitalization 1.26T
Operating cash flow 113.34B
ESG Scores 23.2

Company description

Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and other plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; IT-related equipment; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. The company was incorporated in 1926 and is headquartered in Tokyo, Japan.

Sector: Consumer Cyclical - Industry: Textile Manufacturing

Financial Ratios
Quick Ratio1.22
Working Capital0.13
Return On Equity0.06
Debt To Equity0.44
Fixed Asset Ratio0.04
Fixed Interest Cover16.08

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -11.84B -23.58B -7.25B 28.41B
Total Cashflows From Investing Activities -260.25B -142.36B -97.87B -57.17B
Net Borrowings 150.58B -34.58B -35.14B -66.71B
Total Cash From Financing Activities 118.89B -67.59B -69.4B -101.52B
Change To Operating Activities -13.51B -18.79B 2.35B -4.85B
Issuance Of Stock
Net Income 79.37B 55.73B 45.79B 84.23B
Change In Cash 38.76B 10.6B 52.65B -6B
Effect Of Exchange Rate -327M -5.21B 8.34B 14.4B
Total Cash From Operating Activities 176.24B 225.77B 211.59B 138.29B
Depreciation 113.31B 118.32B 115.82B 120.37B
Change To Account Receivables -33.58B 37.19B -13.92B -33.87B
Other Cashflows From Financing Activities -6.09B -7.4B -14.24B -14.79B
Change To Netincome -33.98B 464M 2.31B -16.14B
Capital Expenditures -165.81B -135.77B -122.48B -92.19B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development 65.23B 65.93B
Income Before Tax 127.42B 94.05B 65.57B 120.31B
Net Income 79.37B 55.73B 45.79B 84.23B
Selling General Administrative 240.18B 234.13B 286.98B 305.76B
Gross Profit 453.36B 438.36B 377.5B 435.97B
Ebit 141.47B 131.19B 90.27B 132.06B
Operating Income 141.47B 131.19B 90.27B 132.06B
Interest Expense -7.16B -7.24B -5.68B -5B
Income Tax Expense 39.63B 29.13B 18.23B 26.71B
Total Revenue 2.39T 2.21T 1.88T 2.23T
Cost Of Revenue 1.94T 1.78T 1.51T 1.79T
Total Other Income ExpenseNet -14.05B -37.14B -24.7B -11.75B
Net Income From Continuing Ops 87.79B 64.92B 47.34B 93.61B
Net Income Applicable To Common Shares 79.37B 55.73B 45.79B 84.23B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 1.57T 1.47T 1.53T 1.54T
Total Stockholder Equity 1.13T 1.1T 1.24T 1.41T
Other Current Liabilities 164.07B 156.44B 109.25B 120.66B
Total Assets 2.79T 2.65T 2.85T 3.04T
Common Stock 147.87B 147.87B 147.87B 147.87B
Other Current Assets 74.52B 79.91B 47.18B 89.93B
Retained Earnings 817.26B 849.27B 899.99B 978.98B
Treasury Stock 49.48B -19.85B 69.49B 158.04B
Cash 168.51B 173.7B 236.35B 229.3B
Total Current Liabilities 696.49B 630.77B 681.38B 738.11B
Other Stockholder Equity 69.83B 455M 89.48B 177.85B
Property, Plant, and Equipment 996.88B 1.01T 1.05T 1.04T
Total Current Assets 1.19T 1.13T 1.18T 1.37T
Net Tangible Assets 961.12B 944.66B 1.07T 1.24T
Net Receivables 528.78B 481.19B 522.26B 576.87B
Accounts Payable 240.55B 212.32B 282.81B 327.45B


Insider Transactions

Here are the insider transactions of stock shares related to TORAY INDUSTRIES INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to TORAY INDUSTRIES INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on TORAY INDUSTRIES INC

Here is the result of two systematic investment strategies applied to TORAY INDUSTRIES INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on TORAY INDUSTRIES INC

The following chart shows the equity curve of the two systematic investment strategies applied to TORAY INDUSTRIES INC:

TORAY INDUSTRIES INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -13.91% on the backtest period.

Performance at glance

Performance

-13.91 %

Latent gain

-1134.8 ¥

Invested capital

8156.8 ¥

Annualized return

-3.31 %
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Momentum strategy results on TORAY INDUSTRIES INC

This is the result of two momentum investment strategies applied to TORAY INDUSTRIES INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on TORAY INDUSTRIES INC

The following chart shows all the entries opened by the momentum investment system on TORAY INDUSTRIES INC:

TORAY INDUSTRIES INC momentum entries
  • The first momentum investment strategy would give -24.26% of return on TORAY INDUSTRIES INC. That represents -2249.5¥ of latent gain with 9271.5¥ of employed capital.
  • The second momentum investment strategy would give -17.43% of return on TORAY INDUSTRIES INC. That represents -1630.6¥ of latent gain with 9354.8¥ of employed capital.
Performance at glance (1Q Momentum)

Performance

-24.26 %

Latent gain

-2249.5 ¥

Invested capital

9271.5 ¥

Annualized return

-2.93 %
Performance at glance (2Q Momentum)

Performance

-17.43 %

Latent gain

-1630.6 ¥

Invested capital

9354.8 ¥

Annualized return

-4.69 %

Momentum equity curve on TORAY INDUSTRIES INC

The following chart shows the equity curve of the two momentum strategies applied to TORAY INDUSTRIES INC:

TORAY INDUSTRIES INC momentum equity

Note: the dividends potentially given by TORAY INDUSTRIES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TORAY INDUSTRIES INC

The following chart shows the employed capital evolution of the two momentum strategies on TORAY INDUSTRIES INC since the beginning:

TORAY INDUSTRIES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250¥, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000¥.


Buy the dip strategy result on TORAY INDUSTRIES INC

Buy the dip entry openings on TORAY INDUSTRIES INC

TORAY INDUSTRIES INC

The performance achieved by the robo-advisor on TORAY INDUSTRIES INC is -6.45%. That represents -193.8$ of latent gain with 3002.6¥ of employed capital. The following chart shows TORAY INDUSTRIES INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of TORAY INDUSTRIES INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-6.45 %

Latent gain

-193.8 ¥

Invested capital

3002.6 ¥

Annualized return

-2.93 %

Equity curve of the strategy applied to TORAY INDUSTRIES INC

The following chart shows the result of the investment strategy applied to TORAY INDUSTRIES INC:

TORAY INDUSTRIES INC

Note: the dividends potentially given by TORAY INDUSTRIES INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on TORAY INDUSTRIES INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on TORAY INDUSTRIES INC:

TORAY INDUSTRIES INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on TORAY INDUSTRIES INC

In this section, I will compare the three previous investment strategies applied to TORAY INDUSTRIES INC.

Equity curve comparison on TORAY INDUSTRIES INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

TORAY INDUSTRIES INC investment strategy comparison

Employed capital comparison on TORAY INDUSTRIES INC

TORAY INDUSTRIES INC investment comparison

Performance comparison on TORAY INDUSTRIES INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -13.91% -1134.8¥ 8156.8¥ -3.31%
Momentum 1 quarter -24.26% -2249.5¥ 9271.5¥ -6.13%
Momentum 2 quarters -17.43% -1630.6¥ 9354.8¥ -4.69%
Non-directional -6.45% -193.8¥ 3002.6¥ -2.93%
Annualized return comparison

Automatic investment

-3.31 %

Momentum 1Q

-4.69 %

Momentum 2Q

-4.69 %

Non-directional

-2.93 %

Correlated stocks

Here are the most positively and negatively correlated stocks with TORAY INDUSTRIES INC:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between TORAY INDUSTRIES INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of TORAY INDUSTRIES INC does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name TORAY INDUSTRIES INC
Country Japan
City Tokyo
Address Nihonbashi Mitsui Tower
Phone 81 3 3245 5111
Website www.toray.co.jp
FullTime employees 48842
Industry Textile Manufacturing
Sector Consumer Cyclical
Exchange XTKS
Ticker 3402.XTKS
Market www.jpx.co.jp

TORAY INDUSTRIES INC ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 8.8
Peer Environment Performance 12.801688311688
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing yes

Social scores

Social ESG Factors Scores
Social Score 3.5
Peer Social Performance 5.9524675324675
Social Percentile unknown
Highest Controversy 3
Peer Highest Controversy Performance 1.5194805194805
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Customer Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 10.9
Peer Governance Performance 7.4476623376623
Governance Percentile unknown

ESG at glance
Total ESG Scores: 23.2
Environment Score: 8.8
Social Score: 3.5
Governance Score: 10.9

ESG Performance: AVG_PERF

Peer Group: Chemicals

Peer Esg Score Performance: 26.200909090909

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 37