Updated
Updated · CNBC · Jul 22
Toto, Nittobo and Ajinomoto Ride AI Chip Boom as Shares Jump 78%, 63% and 61%
Updated
Updated · CNBC · Jul 22

Toto, Nittobo and Ajinomoto Ride AI Chip Boom as Shares Jump 78%, 63% and 61%

1 articles · Updated · CNBC · Jul 22

Summary

  • Toto, Nittobo and Ajinomoto all posted strong growth in semiconductor-linked businesses for the year ended March 31, showing how AI demand is lifting Japanese companies far outside traditional tech.
  • AI servers, data centers and advanced chip packaging drove the gains: Toto’s advanced ceramics revenue rose 34% and operating profit 42%, while Nittobo’s electronic materials sales climbed 20.4% and profit 39.7%.
  • Ajinomoto said its Healthcare and Others segment—home to ABF insulating film—lifted revenue about 4% and business profit 45.1%, with electronic materials helping the unit overtake frozen foods in revenue and profit.
  • The market has rewarded that exposure, sending Toto shares up 78% this year, Nittobo 63% and Ajinomoto 61%, even though each remains better known for toilets, glass fiber or MSG.
  • All three still stress balance over a wholesale pivot: Toto says it has no plan to abandon housing equipment, Nittobo is expanding traditional glass-fiber uses, and Ajinomoto still targets parity between food and AminoScience.

Insights

From toilets to tech, can Japan's unlikely AI winners sustain their dominance as global competition awakens?
With a near-monopoly on key AI materials, how will these Japanese firms wield their newfound power over Big Tech?