Toyobo Co., Ltd
TYO:3101 ISIN:JP3619800000
Toyobo Co., Ltd. (TYO:3101) is a Japan-based manufacturing company that has six business segments. The Film and Functional Plastic segment offers packaging films, industrial films, industrial adhesives, engineering plastic and optical functional materials. The Industrial Material segment offers textile materials for automobile uses, super fibers, functional filters and non-woven cloth. The Life Science segment offers biotechnology products, such as enzymes for diagnostic drugs, as well as pharmaceuticals, medical films, medical devices and aquatic films. The Medical Textile segment offers functional clothing, apparel products, medical textiles and clothing fibers. The Real Estate segment is involved in the sale, leasing and management of real estate properties. The Others segment is engaged in the design and construction of buildings, machines, and factories, as well as the sale of machines.
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Asian markets rallied Wednesday led by resources shares. Japan's Nikkei surged 2.7 per cent while Japanese exporters were helped by the weaker yen. Hong Kong market rose 1.3 per cent led by Chinese banks, as investors digested the Chinese government's decision before the Lunar New Year holiday to increase bank reserve requirement. Singapore also resumed trading on Wednesday and posted a 1.3 per cent gain. Today Shanghai and Taiwan markets remained closed.
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