Toray's new Corona slumps demand for aircraft 24 billion yen loss recorded November 2, 20:30
Toray, a major textile manufacturer, reviewed the asset value of a subsidiary that supplies carbon fiber to American aircraft giant Boeing and others due to sluggish demand due to the spread of the new coronavirus infection, resulting in a loss of 24 billion yen. Announced that it is expected to be recorded.
According to the announcement, Toray is expected to review the asset value of its subsidiary in Washington, USA, which supplies carbon fiber used for the aircraft and wings to Boeing, a major aircraft company, and record a loss of 24 billion yen. is.
This is because demand for aircraft is sluggish due to the spread of the new coronavirus infection, and the profitability of subsidiaries is declining.
As a result, we have revised downward the final profit for the entire group for the six months to September to 4.5 billion yen, which is 75% less than the previous forecast.
The business outlook for the year to March next year is "under scrutiny," and the deterioration of the business environment of the US aircraft industry due to the spread of infection is affecting Japanese related manufacturers.