Japanese company TOTO, famous for making high-tech toilets, saw its stock price jump sharply after reporting strong growth in its ceramics business.
This is because they make special ceramic parts used in producing computer chips for AI. These parts hold silicon wafers steady during manufacturing.
Thanks to high AI demand, TOTO is investing more to expand this ceramics division.
In the last financial year, sales in this unit grew 34% to 67.4 billion yen. The division now accounts for more than half of the company’s total profit.