Sadayuki Sakakibara, president of Toray Industries Inc., is confident there are researchers at his company who have the potential to win a Nobel Prize, just like Shimadzu Corp.'s Koichi Tanaka.

"I think it's possible," said Sakakibara, who is also chief operating officer of Toray. "At least three researchers at our company are engaged in work that may qualify them as Nobel Prize candidates in the future."

In a recent interview with The Japan Times, the chief of the synthetic fiber maker said nurturing and utilizing high-level technologies will help Toray overcome its current slump.