Toto shares soar 18% after chip components investment boost
Updated
Updated · Bloomberg · May 1
Toto shares soar 18% after chip components investment boost
8 articles · Updated · Bloomberg · May 1
In Tokyo, the toilet maker's stock posted its biggest-ever jump after Thursday's announcement, while advanced ceramics net sales rose 34% to 57.4 billion in the year ended March.
Toto said it will speed up spending on research and production capacity for electrostatic chucks, components used in NAND manufacturing, as AI-driven semiconductor demand strengthens.
The move highlights how a company best known for washlets is expanding its semiconductor-related business to capture growth from the AI boom.
How did a world-famous toilet maker become a critical supplier for the global AI chip race?
Will Japan's hidden champions secure its dominance in the global semiconductor supply chain?