【なぜ過去最高益?】中国市場から撤退したTOTO、世界で大逆転できた本当の理由

まるっと世界情勢

まるっと世界情勢

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The TOTO logo is almost ubiquitous in Japanese homes.

In fiscal year 2025, this company incurred a 6.9 billion yen loss in China and shut down its factories in Beijing and East China.

However, in the same year, it achieved record-breaking sales of 737.4 billion yen and operating profit of 53.7 billion yen.

The profits weren't from toilets.

Its ceramics business, which accounts for less than 10% of sales, generated more than half of the company's overall operating profit.

In semiconductor manufacturing equipment, a component called an "electrostatic chuck" is used to hold wafers in place.

TOTO is the world's second-largest player in this field.

In fiscal year 2009, this business generated 5.5 billion yen in sales and an operating loss of 1.7 billion yen.

Sixteen years later, it has become a business generating 28.9 billion yen in revenue.

That's a profit margin of 43%.

Why does a toilet company hold such a crucial position in the semiconductor industry?

Why did their defeat in China stem from the same reasons as their victories?

Please follow this story, which began in Kokura, Kitakyushu in 1917, to the very end.

■ Sources
• TOTO FY2026 Financial Results Presentation Materials ("Despite a challenging business environment, both sales and operating profit reached record highs.")
https://www.nse.or.jp/listing/search/...
• TOTO FY2026 Financial Results Summary
https://www.fse.or.jp/files/lis_tkj/2...
• TOTO News Release "TOTO (Liaoning) Co., Ltd. New Factory Begins Operation" (May 27, 2025)
https://jp.toto.com/company/press/202...
• TOTO Electrostatic Chuck Product Information
https://jp.toto.com/products/ceramics...
• TOTO's Vision - Founder Kazuchika Okura
https://jp.toto.com/history/philosoph...
TOTO News Release "40th Anniversary of Washlet Launch"
https://jp.toto.com/company/press/pro...
NetIB-News "TOTO Fiscal Year Ending March 2026 Financial Results" (Yen-denominated performance of mainland China business)
https://www.data-max.co.jp/article/84573

This video is an explanation based on publicly available information and does not recommend the purchase or investment of any specific company or product.

Figures are as of the fiscal year ending March 2026 (FY2025).

#TOTO #JapaneseCompany #Semiconductor #Washlet #ElectrostaticChuck #RecordProfits #Manufacturing #JapaneseTechnology #FinancialResults #ChineseEconomy

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