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Toyota Synthetic said that the increase in revenue was driven by the surge in sales of optoelectronics and LED components, including LED chips, LED bulbs and other LED-related products. In the last quarter, the revenue of the photovoltaic business unit was boosted by the increase in sales of LED products for tablet devices, which increased by 53.3% to 12.5 billion yen compared with the same period of last year. The profit from the loss of 100 million yen in the same period last year was converted to a surplus of 1.1 billion yen.
It is reported that Toyota Synthetic will maintain the original revenue of 560 billion yen (11.0% annual increase) and 30 billion yen for the combined revenue, profit and net profit target this year (April 2012-March 2013). It is 46.9% year-on-year and 19 billion yen (will increase by 111.8% year-on-year).
At present, Toyota Synthetic has partnered with Taiwan Jingdian, and at the end of 2010, it has established a joint venture with Tianhua and Toyota Synthetic Taiwan agent Twin Hill to develop, manufacture and sell LEDs. 
LED business surged Toyota Synthetic Q2 consolidated revenue increased 61% year-on-year
On July 31, Toyota Gosei announced its first quarter (April-June) earnings for 2012. The consolidated revenue increased 61.0% from the same period in 2011 to 151.137 billion yen, and the consolidated profit and loss decreased from 45 in the same period last year. The billion yen was converted to a surplus of 11.887 billion yen, and the combined net profit was also converted from a loss of 3.5 billion yen in the same period last year to a surplus of 6.51 billion yen.