Local News

Toilet Manufacturer Toto Reports Large Losses

On July 31, Toto Ltd. of Kitakyushu City announced its consolidated accounts between April and June 2020. According to that, the leading toilet manufacturer experienced an 82.6% decline in its net income (¥554 million). Temporary closures of its showrooms and a production halt due to the impact of the novel coronavirus spread induced an estimated loss of ¥19 billion. The company predicts an even more significant decline of ¥41.5 billion in its net income for the six-month term between April to September. Source: Nikkei

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Published: Aug 2, 2020 / Last Updated: Aug 3, 2020