TOTO Reports Strong First-Half Profit Growth but Lowers Full-Year Sales Forecast

TOTO Reports Strong First-Half Profit Growth but Lowers Full-Year Sales Forecast

JAPAN: TOTO reported a significant improvement in profitability during the first half of fiscal 2026, with attributable profit more than doubling to JPY 21.3 billion (~US$142 million) from JPY 8.79 billion (~US$58.6 million) a year earlier. Net sales for the six months ended September 30 increased to JPY 364.7 billion (~US$2.43 billion), compared with JPY 349.4 billion (~US$2.33 billion) in the previous year. Despite stronger earnings and higher sales, the company revised its full-year revenue forecast downward to JPY 775 billion (~US$5.17 billion) from JPY 785 billion (~US$5.23 billion), while maintaining its full-year profit target.

Source: Finimize