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Toto's R&D costs FY 2009-2018

In the fiscal year ended March 31, 2019, the Japanese sanitary ware and bathroom accessories manufacturer Toto Ltd. recorded research and development expenditures of 21.2 billion Japanese yen, up from about 20.6 billion yen in the previous fiscal year.

Toto Ltd. is the global leader in toilet manufacturing and renowned for the development of a toilet seat with an integrated bidet known as washlet.

Research and development expenditure of Toto Ltd. from fiscal year 2009 to 2018

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Source

Release date

August 2019

Region

Japan

Survey time period

fiscal year 2009 to 2018; the company's fiscal year runs from April 1 of the stated year to March 31 of the following year

Supplementary notes

*Starting from FY 2017, the currency conversion method for overseas group companies' profit and loss was changed from the method using the rates on the last day of each term to the method using average rates during the term. In accordance with this change, the company revised numbers for FY 2016 retroactively.

1 Japanese yen equals 0.0093 U.S. dollars or 0.0084 euros as of April 2020.
Values have been rounded.

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