Toto Shares Jump 18% To Five-Year High As AI Pivot Fuels Investor Interest
Shares of Toto Ltd. surged 18% on Friday to a five-year high after the company unveiled plans to scale up semiconductor component production and reported record annual profits, underscoring its transformation into an unlikely artificial intelligence play. The stock closed at ¥6,425 ($40.86), its highest level since 2021, taking gains for the year to over…