Japan excels in innovative toilet humor.
Toto, known for toilets, has found significant profit in semiconductor materials, contributing over 30% to its earnings recently.
Is Japanese manufacturing in the toilet? Absolutely not! Look at Toto, the company famous for its high-tech washlet toilets. Recently, they’ve been making waves with their semiconductor materials, surprisingly becoming a major profit driver.
While everyone’s buzzing about their heated thrones thanks to the pandemic, their less-known division making high-quality ceramics for semiconductors is killing it! This segment is now bringing in over 30% of Toto’s profits and boasts margins over 40%, while their toilet sales barely scrape 5%. They've been in this game for years, but recently, it turned into a true money-maker!
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