TOTO LTD.
Fiscal Year Ending March 2027 — 2nd Quarter Earnings Presentation
Year-to-date 2Q achieved higher revenue and profit. Domestic housing products recorded lower revenue and profit, while overseas housing products and the new ceramics segment achieved higher revenue and profit. Despite headwinds from foreign exchange and rising raw material costs, restructuring effects in the ceramics business improved profitability, and the company aims for a record-high profit on a consolidated basis. Demand expansion for Washlet products continues in the Americas and Asia. Structural reforms are being advanced to return mainland China operations to profitability.
Key Figures
- Revenue: 3,647 hundred million yen (cumulative 2Q, Year-over-Year +153 hundred million yen)
- Operating Income: 252 hundred million yen (cumulative 2Q, Year-over-Year +44 hundred million yen)
- New-area Ceramics Revenue: 396 hundred million yen (Year-over-Year 134%)
AI要約
Performance Overview
For the cumulative 2Q this fiscal year, the company recorded higher revenue and profit. Overseas housing products and the new ceramics segment posted revenue and profit increases, while domestic housing products saw decreases in both. Rapid revenue and profit growth in the ceramics business, cost reduction measures, and price revisions contributed to improving group-wide profitability. Foreign exchange impacts and higher raw material prices remain challenges. Mainland China is expected to return to profitability through structural reforms.
Segment Trends and Outlook
Promotion of Washlet sales and the impact of new products continue in the Americas and Asia. Europe achieved higher revenue through expansion measures but saw lower profits due to investment impacts. Domestic housing products will continue structural reforms to restore remodel demand. The new ceramics area is strengthening mass-production capabilities to target medium- to long-term growth. In the second half, price revisions and cost reductions are expected to boost profits.
Segment Revenue Composition
Comparison of Forecast and Actual
| Item | Actual | Forecast |
|---|---|---|
| Revenue | 3,647 | 3,700 |
| Operating Income | 252 | 230 |
TOTO LTD.
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