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Toray Industries Inc (3402.T)

3402.T on Tokyo Stock Exchange

1,066JPY
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Toray unit: 13 customers affected by data cheating mostly in Japan but include Korean
Monday, 27 Nov 2017 10:24pm EST 

Nov 28 (Reuters) - Toray Industries Inc <3402.T>::TORAY HYBRID CORD PRESIDENT SAYS HAS NOT RECEIVED CONFIRMATION FROM CUSTOMERS THAT AFFECTED PRODUCTS ARE SAFE.TORAY PRESIDENT SAYS TOOK TIME TO SORT THROUGH INFORMATION, EXPLAIN TO CUSTOMERS, WHEN ASKED ABOUT TIMING OF ANNOUNCING DATA FALSIFICATION.TORAY PRESIDENT SAYS COMBINED REVENUE OF 149 CASES OF DATA FALSIFICATION AMOUNTS TO 150 MILLION YEN, WON'T HAVE BIG IMPACT EVEN IF ISSUES FOUND.TORAY PRESIDENT SAYS RECEIVED REPORT ON DATA FALSIFICATION FROM UNIT IN OCTOBER 2016.TORAY UNIT PRESIDENT SAYS 13 AFFECTED CUSTOMERS MOSTLY IN JAPAN BUT INCLUDE KOREAN.TORAY PRESIDENT SAYS ONLINE POSTING ABOUT THE FALSIFICATION LED COMPANY TO MAKE THE FALSIFICATION PUBLIC.TORAY PRESIDENT SAYS WANT TO COMPLETE INVESTIGATION FOR WHOLE GROUP BY END OF FINANCIAL YEAR IN MARCH.TORAY PRESIDENT: WON'T MAKE DISCLOSURE EVEN IF MORE DATA FALSIFICATION FOUND IN ONGOING INVESTIGATION IF THERE ARE NO SAFETY OR LEGAL ISSUES.TORAY PRESIDENT: HADN'T PLANNED ON DISCLOSING DATA CHEATING IF IT WEREN'T FOR KOBE STEEL SCANDAL OR ONLINE POSTING.TORAY UNIT PRESIDENT SAYS PRESSURE TO MEET PRODUCT DELIVERY TARGETS WAS A FACTOR IN DATA FALSIFICATION.TORAY PRESIDENT SAYS NO AFFECTED PRODUCTS HAVE BEEN SUPPLIED TO BOEING OR FAST RETAILING.TORAY PRESIDENT SAYS CONFIRMATION THAT DATA FALSIFICATION HAS NOT TAKEN PLACE IN CORE CARBON FIBRE BUSINESS WILL HAVE TO WAIT FOR RESULTS OF INVESTIGATION.  Full Article

Toray Industries sales in April-September half will likely jump 10 pct - Nikkei‍​
Friday, 29 Sep 2017 03:17pm EDT 

Sept 29 (Reuters) - Nikkei::Toray Industries is expected to report a operating profit of about 78 billion yen ($692 million) for the April-September first half - Nikkei.Toray Industries will likely maintain its full-year guidance - Nikkei.Toray Industries sales in the April-September first half will likely jump 10 percent to around 1.05 trillion yen - Nikkei‍​.  Full Article

Idemitsu Kosan says technical cooperation with TORAY INDUSTRIES
Tuesday, 26 Sep 2017 02:36am EDT 

Sept 26(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it reached an agreement with TORAY INDUSTRIES Inc <<<3402.T>>>, regarding organic EL materials business related technical cooperation .  Full Article

Soda Aromatic announces result of joint takeover bid for shares by Toray Industries and Mitsui &
Thursday, 21 Sep 2017 04:01am EDT 

Sept 21(Reuters) - Soda Aromatic Co Ltd <4965.T>:Says 3.3 million shares of the company were jointly offered in a takeover bid by Toray Industries Inc <<<3402.T>>> and Mitsui & Co Ltd <<<8031.T>>> (acquirers) from Aug. 8 to Sept. 20.Acquisition price at 1,140 yen per share.Says acquirers increase stake in the company to 98 percent up from 65 percent.Settlement date on Sept. 27.  Full Article

Toray Industries and Mitsui updates on ToB for shares of Soda Aromatic
Monday, 7 Aug 2017 03:22am EDT 

Aug 7 (Reuters) - Toray Industries Inc <3402.T>:* Says Toray Industries Inc and Mitsui & Co Ltd <8031.T> (acquirers)are jointly offering a takeover bid for about 3.5 million shares of Soda Aromatic Co Ltd <4965.T>.* Offering period from Aug. 8 to Sept. 20 .* Settlement starts on Sept. 27 .* The previous plan was disclosed on May 10 .  Full Article

Toray Industries group operating profit likely declined 7 pct for April-June quarter - Nikkei
Wednesday, 5 Jul 2017 02:17pm EDT 

July 5 (Reuters) - Nikkei::Toray Industries' group operating profit likely declined 7% on the year to around 38 billion yen for the April-June quarter - Nikkei.Toray Industries' sales likely jumped 7% to roughly 510 billion yen for the April-June quarter - Nikkei.  Full Article

Toray Industries to acquire 28 pct stake in Pacific Textiles Holdings for HK$4.05 bln
Friday, 30 Jun 2017 05:06am EDT 

June 30(Reuters) - Toray Industries Inc <3402.T>:Says it will acquire 405 million shares (28 percent stake) of Pacific Textiles Holdings Ltd <<<1382.HK>>> for HK$4.05 billion (about 59 billion yen), as of middle July.  Full Article

Toray Industries adjusts conversion price for 2019 due and 2021 due euro-yen denominated convertible bonds with warrants
Tuesday, 27 Jun 2017 03:16am EDT 

June 27 (Reuters) - Toray Industries Inc <3402.T> ::* Says it adjusts the conversion price for 2019 due euro-yen denominated convertible bonds to 883.7 yen per share, from 887.3 yen per share.* Says it adjusts the conversion price for 2021 due euro-yen denominated convertible bonds to 820.3 yen per share, from 823.6 yen per share.* Adjustments effective since April 1.  Full Article

Toray Industries and Mitsui jointly offer ToB for shares of Soda Aromatic, at 1,140 yen per share
Wednesday, 10 May 2017 03:25am EDT 

May 10 (Reuters) - Toray Industries Inc <3402.T> ::* Says Toray Industries Inc and Mitsui & Co Ltd <8031.T> (acquirers)are jointly offering a takeover bid for about 3.5 million shares of Soda Aromatic Co Ltd <4965.T> , at 1,140 yen per share.* Acquirers will jointly hold 100 percent stake in Soda Aromatic (99,962 voting rights), up from 65 percent currently (65,012 voting rights).* Total acquisition amount (for 3.5 million shares of Soda Aromatic) is 3.98 billion yen.* Other details remain to be determined .  Full Article

Soda Aromatic names new president
Wednesday, 10 May 2017 03:16am EDT 

May 10 (Reuters) - Soda Aromatic Co Ltd <4965.T>: :* Says it has named Akihiko Ishimura as the new President of the company, to replace Sadahide Sawada.* Effective date June 23.  Full Article

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Almost half of Japan firms keen to improve internal controls in wake of scandals: poll

TOKYO Fretting about the impact of a string of falsification and compliance scandals, nearly half of Japanese firms have either taken steps to strengthen internal controls or are planning to do so, a Reuters poll showed.