# If Toray Industries moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/toray-industries · Facet: ripple · Updated: 2026-07-12T08:19:55.95717+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Toray Industries is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 11 companies within two hops; the links are backed by 12 dated sources, 3 of them primary filings (as of 2026-07-12).

Toray Industries is the World No.1 carbon fiber, Nikkei 225. It is +10.3% in 2026. The stock (+10.3%) and its demand side (avg -4.7%) are moving in step. Among connected nodes the furthest ahead is Airbus (+4.8%) and the furthest behind is Mitsubishi Heavy Industries (-16.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Nikkei 225 constituent.

## Demand chain (leading)
- T1 Airbus (https://valuechain.wiki/airbus.md)
- T2 Eutelsat Group (https://valuechain.wiki/eutelsat.md)
- T2 Voyager Technologies (https://valuechain.wiki/voyager-technologies.md)
- T2 Delta Air Lines (https://valuechain.wiki/delta-air-lines.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T2 United Airlines Holdings, Inc. (https://valuechain.wiki/united-airlines-holdings.md)
- T3 JPMorgan Chase (https://valuechain.wiki/jpmorgan-chase.md)
- T1 Boeing (https://valuechain.wiki/boeing.md)
- T2 SES S.A. (https://valuechain.wiki/ses.md)
- T2 Viasat (https://valuechain.wiki/viasat.md)
- T2 United Parcel Service, Inc. (https://valuechain.wiki/united-parcel-service.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 W. W. Grainger (https://valuechain.wiki/w-w-grainger.md)
- T3 Williams-Sonoma, Inc. (https://valuechain.wiki/williams-sonoma.md)
- T2 FedEx (https://valuechain.wiki/fedex.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)
- T1 Mitsubishi Heavy Industries (https://valuechain.wiki/mitsubishi-heavy-industries.md)

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Full node: https://valuechain.wiki/toray-industries.md · JSON: https://valuechain.wiki/toray-industries.json