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The latest update is out from KATITAS CO ( (JP:8919) ).
KATITAS Co., Ltd. said media reports on TOTO Ltd.’s suspension of unit bath orders are expected to have only a limited direct impact on its results, as the company has not recently placed orders for TOTO-made unit baths. It noted, however, that it is monitoring broader supply conditions for residential equipment in case other manufacturers introduce similar order restrictions.
The company added that even if other suppliers were to halt unit bath orders, the effect on earnings should remain relatively small because most properties it acquires already have baths installed, allowing continued use with proper disclosure. KATITAS can also resort to post-installation or additional construction after property delivery, a strategy it successfully used during COVID-19-related supply disruptions, which likewise had only a limited impact on performance.
The most recent analyst rating on (JP:8919) stock is a Hold with a Yen2685.00 price target. To see the full list of analyst forecasts on KATITAS CO stock, see the JP:8919 Stock Forecast page.
More about KATITAS CO
KATITAS Co., Ltd. operates in Japan’s residential real estate sector, focusing on the purchase, renovation, and resale of pre-owned homes. Its business model relies largely on utilizing existing housing equipment in acquired properties, making it less dependent on continuous procurement of new fixtures compared with developers of newly built housing.
Average Trading Volume: 254,310
Technical Sentiment Signal: Buy
Current Market Cap: Yen259.6B
Learn more about 8919 stock on TipRanks’ Stock Analysis page.