It looks like the perfect business opportunity. Every house has one. Everyone uses them. And one Japanese company is making the most technologically advanced products of their kind.
But while the world may beat a path to your door for building a better mousetrap, Toto Ltd has found that selling a better toilet requires more patience.
Toto, the world's dominant maker of high-tech loos, made toilet history in 1980 when, improving on a US model that combined the bidet and the toilet, it produced the "washlet" -- bringing warm water to the user's nether regions.
"We did what others were reluctant to try -- we brought electronics into the water closet," said Hiroshi Kobayashi, Toto's general manager of restroom product research.
Sometimes dubbed "super-thrones," top-of-the-line washlets now come with wall-mounted control panels as sleek and complex as those of stereo systems.
Their manifold buttons allow adjustment of the nozzle position, water pressure and type of spray, plus blow-drying, air purification and seat warming for those cold winter mornings. Water and seat temperatures are adjustable.
The controls can also be set so the lid rises as the toilet is approached.
Japan has embraced the high-tech toilet. Government statistics show that combined toilet/bidets are now installed in 52 percent of Japanese homes compared to just 14 percent in 1992.
Toto -- which employs around 1,500 engineers -- dominates that market with a 65 percent share. Its closest rival, Japan's Inax Corp, trails at 25 percent. Numbers for Japan's overall toilet market share are similar.
But where Sony's Playstation, Toyota Corollas and Pokemon have all blazed paths into western popular culture, Toto's high-tech thrones have not traveled well.
Toto officials blame matters both cultural and practical.
A relatively long history of flush toilets in the US and Europe -- around 100 years -- has resulted in many competitors and cheap toilets.
Westerners just aren't used to shelling out hundreds or even thousands of dollars for high-tech versions.
Most Western bathrooms also lack an electric socket near the toilet, something that people in Japan, where central heating is rare, were keen to install when the seat-warmer was introduced.
But after making some inroads in the US with more standard models, especially with the advent of low-flow toilets in the 1990s, Toto's washlets are starting to make an impression.
Its US washlet sales, which began some eight years ago, have risen to over 1,000 units a month this year from 600 two years ago.
"It's not the same amount of numbers but the trend is very similar to what we saw in Japan 20 years ago -- low figures for about five years and then a sharp J-curve. We have great expectations for US sales next year," Kobayashi said.
But marketing toilets is not easy. Building showrooms is expensive and some analysts estimate it will take another five years before overseas revenues, now only 5 percent of Toto's total sales, climb to 10 percent.
And some cultural barriers seem to be just too hard to break -- witness the European market, where Toto has only one distributor and sells a mere 5,000 washlets annually.
"You'd think that because Europeans are used to the bidet, they'd be more interested. We just don't know why they aren't," said Kobayashi.
Some analysts even argue that tackling cultural norms isn't worth the effort and that Toto would be better off pulling its washlets out of the US and Europe altogether and concentrating on more receptive Asian markets like China.
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ¥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a