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Katitas rebounds on limited impact from Toto order suspension◇
Katitas <8919> rebounded. The company announced the same day that the impact on its business performance from a suspension of new unit bath and system bath orders by Toto <5332> would be limited. As Katitas has no recent order history for Toto products, the lack of direct impact provided relief to buyers.
Regarding potential order suspensions by other housing equipment manufacturers, the company stated the current impact on earnings would be minimal. In its used home renovation and resale business, most properties already have equipment installed at the time of purchase. Unlike new home construction, the company’s business model does not rely heavily on the procurement of new housing equipment.
(Note) The "◇" at the end of the title indicates an article containing multiple stocks in the text.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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