Toray announced the long-term vision ‘TORAY VISION 2050’, the long-term management policy ‘TORAY Challenges 2035’ through 2035, and the medium-term management issues ‘IGNITION 2028’ covering 2026 to 2029. The goals for fiscal 2028 include net sales of 3 trillion yen, operating income of 230 billion yen, ROIC of approximately 7%, and ROE of approximately 8%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3402","jir_company_name":"Toray Industries, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/3402-20260325-01.pdf","jir_short_summary":"Toray announced the long-term vision 'TORAY VISION 2050', the long-term management policy 'TORAY Challenges 2035' through 2035, and the medium-term management issues 'IGNITION 2028' covering 2026 to 2029. The goals for fiscal 2028 include net sales of 3 trillion yen, operating income of 230 billion yen, ROIC of approximately 7%, and ROE of approximately 8%.","jir_summary":"### Overview of Long-Term Management Policy and Medium-Term Management Issues\nToray Industries, Inc. has established the new long-term vision 'TORAY VISION 2050' toward 2050 and formulated the long-term management policy 'TORAY Challenges 2035' through 2035. Based on this, the company has initiated the medium-term management issues 'IGNITION 2028' targeting the three years from April 2026 to March 2029. The long-term vision aims to realize a world where humans and the Earth coexist harmoniously, resources circulate, and nature regenerates. The long-term management policy sets five pillars: growth and breakthrough in next-generation markets, business model transformation, strengthening digital transformation (DX), and human resource development. The medium-term management issues emphasize reviewing the business portfolio, promoting DX, and improving ROIC, aiming to balance economic and social values.\n\n### Fiscal 2028 Numerical Targets and Growth Strategy\nThe numerical targets for fiscal 2028 include net sales of 3 trillion yen, operating income of 230 billion yen, operating margin of 8%, ROIC of approximately 7%, and ROE of approximately 8%. This plan aims to achieve both profitability and growth. By business segment, the company targets increased profits and improved ROIC across all areas including fibers, functional chemicals, carbon fiber composite materials, and environment & engineering. Especially, structural reforms such as the Darwin Project are expected to improve earnings by approximately 27 billion yen by fiscal 2025. The medium-term management issues focus on strengthening competitiveness, optimizing investment capital allocation, creating innovation, enhancing cost competitiveness, human resource management, and dialogue with capital markets, pursuing sustainable growth and enhancement of social value.","jir_financial_highlights":"Net Sales: 3 trillion yen (Fiscal 2028 Target)\nOperating Income: 230 billion yen (Fiscal 2028 Target)\nOperating Margin: 8% (Fiscal 2028 Target)\nROIC: Approximately 7% (Fiscal 2028 Target (Improvement from approx. 5% forecast for fiscal 2025))\nROE: Approximately 8% (Fiscal 2028 Target (Improvement from approx. 5% forecast for fiscal 2025))\nD\/E Ratio: 0.7 or less (Guideline Maintenance)","jir_category":"","jir_hashtags":"#TorayIndustriesInc, #LongTermManagementPolicy, #MediumTermManagementIssues, #TORAYVISION2050, #IGNITION2028, #JapaneseStocks","jir_key_figures":"Fiscal 2028 Net Sales Target: 3 trillion yen\nFiscal 2028 Operating Income Target: 230 billion yen\nFiscal 2028 ROIC Target: Approximately 7%\nFiscal 2028 ROE Target: Approximately 8%\nFiscal 2025 Net Sales Forecast: 2.6 trillion yen\nFiscal 2025 Operating Income Forecast: 150 billion yen\nFiscal 2025 Operating Margin Forecast: 5.8%\nD\/E Ratio Target: 0.7 or less (Guideline)\nEarnings Improvement Effect from Darwin Project: Approximately 27 billion yen (Compared to fiscal 2023)","jir_meta_title":"Toray Industries, Inc. Announces Long-Term Management Policy 'TORAY Challenges 2035' and Medium-Term Management Issues 'IGNITION 2028' with Targets of 3 Trillion Yen Net Sales and 230 Billion Yen Operating Income","jir_meta_description":"Toray Industries, Inc. announces the 2050 vision 'TORAY VISION 2050', the 2035 long-term management policy 'TORAY Challenges 2035', and the medium-term management issues 'IGNITION 2028' for 2026-2029. The company targets net sales of 3 trillion yen, operating income of 230 billion yen, ROIC of approximately 7%, and ROE of approximately 8% by fiscal 2028.","jir_og_title":"Toray Announces Long-Term Management Policy and Medium-Term Management Issues with Targets of 3 Trillion Yen Net Sales and 230 Billion Yen Operating Income","jir_og_description":"Toray Industries, Inc. unveils 'TORAY VISION 2050', 'TORAY Challenges 2035', and medium-term management issues 'IGNITION 2028', aiming for 3 trillion yen in net sales and 230 billion yen in operating income in fiscal 2028.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":7434,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-36447","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n