TOTO ( (TOTDF) ) has released its Q4 earnings. Here is a breakdown of the information TOTO presented to its investors.
TOTO Corporation is a leading Japanese company specializing in the manufacturing and sale of bathroom and kitchen products, with a strong presence in the global housing equipment sector and a growing focus on new business domains such as ceramics for the semiconductor industry.
TOTO’s latest earnings report for the fiscal year ended March 31, 2025, highlights a modest increase in net sales by 3.2% to 724,454 million yen and a significant rise in operating profit by 13.4% to 48,479 million yen. However, the company faced a substantial decline in profit attributable to owners of the parent, which fell by 67.3% to 12,168 million yen, primarily due to impairment losses in its Mainland China Business.
Key financial metrics reveal a mixed performance across TOTO’s business segments. The Global Housing Equipment Business saw a slight increase in net sales, driven by strong performance in the Americas and Asia-Oceania regions, while the Mainland China Business experienced a downturn. Meanwhile, the New Business Domains, particularly the Ceramics Business, showed robust growth with a 38.0% increase in net sales, benefiting from the recovery in the semiconductor market.
Looking ahead, TOTO forecasts continued growth in the fiscal year ending March 2026, with expected increases in both sales and profits. The company aims to achieve net sales of 753,500 million yen and a profit attributable to owners of the parent of 31,000 million yen, reflecting a strategic focus on expanding its market presence and enhancing its product offerings in key regions.