TOTO ( (JP:5332) ) has shared an announcement.
TOTO Ltd. has announced a structural reform plan for its Mainland China Business in response to declining profits due to a stagnant real estate market and increased competition. The company plans to concentrate resources on remodeling activities and introduce competitively priced products for the middle and luxury-grade markets. Additionally, TOTO will restructure its production system by closing two manufacturing bases in Beijing and East China, optimizing personnel, and improving productivity and eco-friendliness.
More about TOTO
TOTO Ltd. is a company operating in the sanitary ware industry, primarily focused on the manufacture and sale of sanitary products. The company is listed on the Prime Market of the Tokyo Stock Exchange, the Premier Market of the Nagoya Stock Exchange, and the Fukuoka Stock Exchange. TOTO has a significant market presence and is known for its expertise in remodeling proposals, particularly in the luxury and middle-grade markets.
YTD Price Performance: 0.95%
Average Trading Volume: 461
Technical Sentiment Signal: Buy
Current Market Cap: $4.05B
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