Teijin Limited reported a slight increase in net sales for FY23, with operating income and ordinary income also experiencing growth. The materials business and the fibres and products converting business both contributed significantly to the company’s overall sales.
Teijin Limited, a Japanese company specializing in carbon fiber and apparel products, posted net sales of 1,032.8 billion yen in fiscal 2023, marking a 1.4% increase from the previous year. Operating income also saw a growth of 5.3% to 13.5 billion yen, while ordinary income surged by 71% to 15.6 billion yen, primarily due to higher equity earnings from affiliates. The company’s profit attributable to its owners was reported at 10.6 billion yen.
In the materials business field, Teijin achieved net sales of 439.7 billion yen, with a slight increase of 0.2% YoY. Despite a reduction in operating loss to 6.2 billion yen, the return on invested capital (ROIC) based on operating income remained at minus 2%. The fibers and products converting business reported net sales of 321.5 billion yen, with a slight decrease of 0.2%. However, operating income for this segment increased by 25.4% to 12.1 billion yen, and the ROIC based on operating income was 8%. EBITDA for both business fields showed significant increases year-on-year.
