TOTO Stock Surges 78% Year-to-Date in Japan as AI Demand Boosts Material Suppliers

According to CNBC on July 22, shares of TOTO, a Japanese bidet and sanitary ware manufacturer, have surged 78% in 2026, while fiber company Nitto rose 63%. The gains reflect how Japanese companies leveraging decades of materials technology in semiconductor supply chains have become major AI boom beneficiaries. Rather than chipmakers, advanced material suppliers in toilets, fiberglass, and seasonings are capturing the bulk of AI-related gains in Japan's stock market this year.
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