Q3 2020 Toray Industries Inc Earnings Call Transcript
I am Fukasawa, Senior Vice President of the company. Thank you very much for joining us today despite your busy schedule. Now I would like to report Toray Industries' business results for the third quarter and fiscal year ending March 2020 and the business forecast for the fiscal year ending March 2020.
Now please look at Page 3. On the right side of this table here shows the figures of the 9 months period under review. Net sales for the 9 months under review declined 7.0% to JPY 1,681.4 billion compared with the same period of the previous fiscal year. Operating income declined 7.0% to JPY 104.5 billion. Ordinary income fell 9.4% to JPY 101.0 billion and net income decreased 18.6% to JPY 66.2 billion.
Please look at Page 4. This is about nonoperating income and expenses. Nonoperating income decreased by JPY 3.1 billion due mainly to decrease in equity in earnings of affiliates. Nonoperating expenses decreased by JPY 600 million. As a result, nonoperating income and
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