Toyobo's consolidated financial results for the fiscal year ending March 2013 showed sales of ¥339,090 million, down 3.0% from the previous fiscal year. Operating profit was down 6.7% to ¥17,081 million, ordinary profit was down 1.3% to ¥15,522 million, and net income increased 66.5% to ¥7,639 million. While net income increased due to gains on the sale of shares in other companies, the film and performance resins and apparel fiber businesses saw significant declines. In the apparel fiber business, sales of sportswear products performed well. Sales in the nylon business struggled due to the sluggish market, but profits improved thanks to strong sales of textiles to the Middle East and a correction of the yen's appreciation from the fourth quarter. Acrylic fiber sales also stagnated until the second quarter due to the slowdown in the Chinese economy, but demand recovered from the third quarter onward. In addition, we reviewed the product life cycles of some subsidiaries and implemented inventory write-downs. As a result, segment sales decreased 10.0% year-on-year to ¥8.8 billion, and operating profit decreased 79.9% year-on-year to ¥800 million.

Next fiscal year, we plan to concentrate management resources on highly profitable and growth-oriented businesses, actively develop domestic and overseas markets, strengthen our financial position, and promote business portfolio reform. We expect sales to increase ¥11 billion year-on-year to ¥350 billion, operating profit to increase ¥4.9 billion to ¥22 billion, ordinary profit to increase ¥4 billion to ¥19.5 billion, and net profit to increase ¥1.9 billion to ¥9.5 billion.