TOTO ( (JP:5332) ) has issued an update.
TOTO LTD. has announced a structural reform plan for its Mainland China Business due to deteriorating profits caused by a stagnant real estate market and increased competition. The plan includes concentrating resources on remodeling activities, launching competitively priced products, and restructuring production by closing two manufacturing bases in China to improve efficiency and eco-friendliness.
More about TOTO
TOTO LTD. is a company operating in the sanitary ware industry, known for its expertise in remodeling proposals and luxury-grade products. The company is listed on multiple stock exchanges in Japan and focuses on both middle and luxury-grade markets.
YTD Price Performance: 0.95%
Average Trading Volume: 461
Technical Sentiment Signal: Buy
Current Market Cap: $4.05B
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