[Company analysis] Toyobo Co., Ltd.(東洋紡)

「Toyobo Co., Ltd.(東洋紡)」is a company whose business area is to develop and manufacture high-performance products such as chemical and biomedical products, mainly fibers. 「Toyo Boseki」, founded in 1914, is its predecessor. This company is well known for its textile business, but its non-textile divisions account for most of its sales. The number of consolidated employees is about 9,494.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	Toyobo Co., Ltd.
Company name (Japanese)	東洋紡
Date of establishment	Friday, June 26, 1914
Headquarters location	〒530-8230 大阪市北区堂島浜2丁目2-8
Capital	51,700
Consolidated sales	336,698
Consolidated operating profit	21,727
Consolidated total assets	461,047
Consolidated capital	181,226
Capital adequacy ratio	39.3%
Consolidated number of employees	9,494

 

 

 

2. Summary and Features

 
The textile business is the starting line for「Toyobo Co., Ltd.」since its establishment in 1914, so it has grown as a textile company. As a result, it became one of the world's largest textile companies before World War II.

 

At that time, another textile company that had also achieved rapid growth was「Unitika, Ltd.」. However, after the end of World War II, companies from Asian nations entered the textile industry, and "Toyobo" lost Competitive advantage in price.was in an increasingly chased position.

Due to the rapid growth of the Japanese economy and appreciation of yen, the export price of「Toyobo」has become increasingly unrealistic. Production in Japan has been declining, and textile manufacturers at the time were in a position to actively diversify their businesses. Just as the times created people, this company also began to enter the non-textile business, such as films and plastics, from this period.

In the biotechnology business, 「Toyobo」had had experience in researching yeast for pulp wastewater treatment in 1942, and by using this experience, they started full-scale business in 1972. As a result, the company now handles films, functional resins and medical materials as well as various industrial materials. In 2001, sales of non-textile products exceeded more than half of total sales.

 

 

3. Major Business

 

■ Film and functional resin business
Packaging films, industrial films, industrial adhesives, engineering plastics, optical functional materials, etc.

■ Industrial Materials Business
Automotive fiber materials, super fibers, functional filters, non-woven fabrics, etc.

■ Healthcare business
Bioproducts such as enzymes for diagnostics, pharmaceuticals, medical membranes, medical devices, aqua membranes, etc.

■ Clothing Textile Business
Functional materials, apparel products, clothing textiles, clothing fibers, etc.

■ Real Estate Business
Rental and management of real estate

■ Other business
Design and construction of buildings and machines, information processing services, logistics services, etc.

 

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		329,487	331,148	336,698
Consolidated operating profit		23,332	23,923	21,727
Consolidated total assets		450,790	445,495	461,047
Consolidated net assets		170,910	184,515	181,226
Breakdown of sales	Film and functional resin business	138,574	148,667	156,241
	Industrial Materials Business	59,925	63,454	66,540
	Healthcare business	36,423	35,723	34,675
	Clothing Textile Business	77,552	68,317	64,585
	Real Estate Business	4,444	4,284	4,197
	Others	12,569	10,703	10,460