TOTO cut its full-year consolidated earnings forecast, projecting sales of ¥775 billion and ordinary profit of ¥58 billion. The figures were lowered from the previous forecasts of ¥785 billion and ¥58.5 billion, respectively, reportedly due to deteriorating market conditions in the US and China.
TOTO cut its consolidated earnings forecast for the fiscal year ending March 2027. The new forecasts are sales of ¥775 billion and ordinary profit of ¥58 billion.
The forecasts were each lowered from the previous figures of ¥785 billion and ¥58.5 billion, with deteriorating market conditions in the US and China cited as the background.