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LIXIL Corporation shares rise on price hikes for building materials and equipment
LIXIL Corporation <5938> traded firmly. On the 18th, the company announced it would revise the manufacturer's suggested retail prices for some building materials and equipment. Among the target products, prices for toilets, bathrooms, exterior walls and roofing, residential sashes and doors, and interior building materials will be raised by an average of approximately 13%. The move appears to have attracted buying in anticipation of a positive impact on earnings. The price revisions will be implemented sequentially from orders received on August 3rd for water-related and tile products, excluding some items. For building materials products, the revisions will be implemented sequentially from orders received on October 1st. For exterior walls and roofing, the revisions will take effect from orders received on September 1st.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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