Search results for Toto
AI & Enterprise
AI boom lifts Japan\'s Toto, Nittobo and Ajinomoto shares
In Japan’s stock market, Toto, Nittobo and Ajinomoto have emerged as beneficiaries of the artificial intelligence boom despite not being semiconductor companies. CNBC reported their shares are up 78 percent, 63 percent and 61 percent this year as they apply materials and manufacturing know-how to the semiconductor supply chain. The firms supply key components and materials used in chipmaking and packaging, and all posted clear growth in semiconductor-related businesses in the year ended March 31.
Games & Commerce
Nintendo asks suppliers to produce 20 million Switch 2 units, 20 percent above sales forecast
Nintendo is planning about 20 million Nintendo Switch 2 console units through March 2027 and has internally asked partners for production above its official sales outlook of 16.5 million units. The figure is seen as a pre-emptive move reflecting upcoming game releases and potential demand changes, a report said. Officials said the plan is not final and could be adjusted. Analysts cited demand, software sales and the U.S. market as key variables.
Games & Commerce
AI chip shock hits game sector as Nintendo shares fall 8 percent in a day
Nintendo\'s shares fell sharply after it announced higher prices for its next-generation Switch 2 console and lowered its sales target, raising concerns about weak demand. The stock dropped 8.4 percent in Tokyo to 7,020 yen, its lowest since August 2024, and is down 34 percent this year. Nintendo cited rising production costs driven by surging memory chip prices amid AI infrastructure expansion.
