TOTO China Business Accounts For 15.7% Of Global Revenue, Smart Toilet Sales Over 6 Milliarden Yuan

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On April 28, TOTO announced its fiscal year 2020 performance report (April 1, 2020 bis Mäerz 31, 2021), with operating income of 580.935 Billioun Yen (RMB 34.548 Milliarden) for the reporting period, erof 2.6% Joer zu Joer. Operating profit was 41,351 Milliounen Yen (RMB 2,460 Millioune), eng Erhéijung vun 12.5% Joer zu Joer. Gewéinlech Gewënn war 41,353 Milliounen Yen, eng Erhéijung vun 14.5% Joer zu Joer. Nettoakommes ze Aktionären vun der Mammegesellschaft zouzeschreiwen war 27.199 Billioun Yen (RMB 1.618 Milliarden), op 15.3% Joer zu Joer.

In terms of categories, TOTO Japan smart toilet Toilet revenue of 101.5 Billioun Yen (6.05 Milliarden Yuan), eng Erhéijung vun 7% Joer zu Joer. Sanitary ceramics revenue of 90.7 Billioun Yen, faucets and other accessories revenue of 86 Billioun Yen, the whole bathroom revenue of 89.3 Billioun Yen, Kichen / bathroom cabinet revenue of 41.9 Billioun Yen.

The following is TOTO’s global revenue by your region, including sales to external customers.

Due to TOTO’s non-compliance with the One China Principle, Taiwan’s results are not consolidated into the China region, and the China region described in its report is only the mainland market results. fiscal year 2020, TOTO’s mainland China market revenue reached RMB 4.479 Milliarden, op 19% Joer-iwwer-Joer. Operating profit was RMB873 million, op 7% Joer-iwwer-Joer. Revenue in Taiwan, China, reached NT$4.03 billion (RMB 940 Millioune), op 6% Joer-iwwer-Joer. Operating profit was NT$1.075 billion (RMB 250 Millioune), op 13% Joer-iwwer-Joer. According to KitchenAid, the revenue of the whole China market reached 5.415 Milliarden, Rechnung fir 15.7% of the overall revenue, and the operating profit reached 1.123 Milliarden Yuan.

For the reporting period, operating income in Asia/Oceania was 28,184 Milliounen Yen (erof 13.5% Joer zu Joer) and operating profit was 5,516 Milliounen Yen. Zousätzlech, TOTO is strengthening its production capacity in Vietnam and Thailand, which will serve as its global supply base, as well as strengthening its sales capacity in emerging markets. Revenue in Vietnam for FY2020 reached VND424 billion (RMB1.19 billion) and operating profit was VND509 billion (erof 146% Joer zu Joer).

Während der Berichterstattung, the Americas market revenue was 35.792 Billioun Yen, op 10.6% Joer zu Joer (RMB 2.13 Milliarden), and thanks to the surge in sales of smart toilets in Canada and the U.S., operating profit in the Americas increased 362.1% year-on-year to 2.935 Billioun Yen. Ënnert hinnen, from January to December, the Americas region’s revenue of Toilet Smart Toilet increased by 50%, Rechnung fir 33% of the local revenue ratio. In the middle and high-end markets, TOTO is promoting 3.8L water-saving toilets as well as sensor sanitary ware in the Americas. An der Berichterstattung, operating income in Europe was 3.988 Billioun Yen, op 6.2% (240 Millioun Yuan), and operating profit was 995 Milliounen Yen (966 million yen in the previous fiscal year).

On the same day, TOTO also released its “New Shared Value Creation Strategy TOTOWILL2030,” which plans to increase the share of overseas revenue in the housing equipment business from 25 percent to 50 Prozent. tOTO suggested that the number of new housing starts has decreased due to the decrease in Japan’s population, although the demand for renovation has increased. Gläichzäiteg, growth will be provided by expanding overseas markets due to the maturity of the Japanese smart toilet market.

Zousätzlech, TOTO expects revenue to increase by 9.9% year-on-year to 635 billion yen and operating profit to increase by 11.0% year-on-year to 44 billion yen in fiscal 2021. Vun dëser, the residential equipment business in Japan will grow 11% zu 465 Billioun Yen, while the overseas residential equipment business will grow 45% zu 200 Billioun Yen. Zousätzlech, TOTO plans to invest 56 billion yen over three years to expand production at its U.S. plant in addition to China, the main overseas market, where sales of non-contact sensor sanitary ware are growing.