Financial Wire

Katitas Flags Minimal Earnings Impact from TOTO Supply Curbs

-- Katitas (TYO:8919) said it expects limited impact on its business performance from reports that TOTO (TYO:5332) has suspended orders for unit baths, according to a Wednesday filing on the Tokyo Stock Exchange.

The company said it has not recently placed orders with TOTO, limiting any immediate effect on operations. Katitas said that even if other housing equipment makers impose similar restrictions, the impact would likely remain modest given its business model.

It said most properties it acquires already have installed equipment, reducing reliance on new procurement. The company can also deliver homes with existing fittings or carry out installations after handover if needed.

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Katitas Flags Minimal Earnings Impact from TOTO Supply Curbs | Financial Wire