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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