TOTO hits daily limit high on planned 14% profit increase driven by advanced semiconductor demand

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Fri May 1, 2026 9:40 am JST Catalyst

TOTO LTD. <5332> shares were bid-only at their daily limit-up of 6,425 yen. After the market close on April 30, the company released its results for the fiscal year ended March 2026 and a forecast for the year ending March 2027. For the current fiscal year, TOTO projects sales of 785.0 billion yen, up 6.4% year-on-year, and a record net profit of 46.0 billion yen, up 14.3%. Investors cheered a dividend hike, as the company raised its year-end payout for the previous year by 10 yen to 60 yen, bringing the annual total to 110 yen. TOTO also expects an annual dividend of 120 yen for the current year, up 10 yen from the previous year.

The company expects earnings growth in the Americas driven by expanded "Washlet" sales, while its China operations are projected to return to profitability as structural reforms take hold. In the new domain segment, TOTO sees higher sales and profit from electrostatic chucks and aerosol deposition (AD) materials, supported by a recovering advanced semiconductor market. For the fiscal year ended March 2026, sales rose 1.8% to 737.44 billion yen, while net profit surged 3.3-fold to 40.26 billion yen. Performance beat initial targets due to new domestic housing equipment, a robust semiconductor market, the weaker yen, and gains from the sale of investment securities.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.