Teijin Ltd, a Japanese company engaged in aramid, carbon fibre and composite molding material, posted 5.8 per cent sales decline year-over-year to ¥609.7 billion (Japanese yen) in its third quarter (Q3) FY20 ended on December 31, 2020, compared to ¥647.4 billion in same period prior fiscal. Profit for the quarter slipped to ¥28.7 billion (¥31.5 billion).
Teijin Ltd, a Japanese company engaged in aramid, carbon fibre and composite molding material, posted 5.8 per cent sales decline year-over-year to ¥609.7 billion (Japanese yen) in its third quarter (Q3) FY20 ended on December 31, 2020, compared to ¥647.4 billion in same period prior fiscal. Profit for the quarter slipped to ¥28.7 billion (¥31.5 billion).#
Gross profit for Q3 FY20 dropped to ¥189.6 billion (¥200.9 billion), while selling, general and administrative expenses was ¥144.4 billion (¥152.7 billion). Operating income for the nine-month period fell to ¥45.2 billion (¥48.2 billion). Whereas ordinary income was ¥42.8 billion (¥47.4 billion).
Teijin Ltd, a Japanese company engaged in aramid, carbon fibre and composite molding material, posted 5.8 per cent sales decline year-over-year to ¥609.7 billion (Japanese yen) in its third quarter (Q3) FY20 ended on December 31, 2020, compared to ¥647.4 billion in same period prior fiscal. Profit for the quarter slipped to ¥28.7 billion (¥31.5 billion).#
Sales of Materials segment decreased to ¥205.9 billion (¥250.1 billion) and Healthcare segment sales were ¥111.8 billion (¥119.2 billion). However, Fibres & products converting segment sales grew to ¥237.0 billion (¥231.4 billion).
Fibre2Fashion News Desk (JL)
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