Lixil Corp
F:TJS
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
L
|
Lixil Corp
F:TJS
|
JP |
Lixil Corp
Lixil Corp makes the building products and home fixtures that go into houses and commercial buildings. Its core products include toilets, sinks, baths, kitchen fittings, faucets, doors, windows, and exterior building materials. The company sells these products under well-known brands in Japan and overseas, serving both new construction and renovation projects. Its main customers are homebuilders, contractors, developers, retailers, and homeowners who are upgrading bathrooms or kitchens. Lixil makes money by manufacturing and selling these products through wholesalers, stores, and project channels. In some markets it also earns from installation-related services and replacement demand tied to aging housing stock. What makes Lixil interesting is its role near the center of the housing supply chain: it is not a builder, but it supplies the parts that shape how a home looks, works, and feels. That gives it a mix of everyday replacement business and larger project sales, with demand linked to construction, remodeling, and maintenance rather than to one single product category.
Lixil Corp makes the building products and home fixtures that go into houses and commercial buildings. Its core products include toilets, sinks, baths, kitchen fittings, faucets, doors, windows, and exterior building materials. The company sells these products under well-known brands in Japan and overseas, serving both new construction and renovation projects.
Its main customers are homebuilders, contractors, developers, retailers, and homeowners who are upgrading bathrooms or kitchens. Lixil makes money by manufacturing and selling these products through wholesalers, stores, and project channels. In some markets it also earns from installation-related services and replacement demand tied to aging housing stock.
What makes Lixil interesting is its role near the center of the housing supply chain: it is not a builder, but it supplies the parts that shape how a home looks, works, and feels. That gives it a mix of everyday replacement business and larger project sales, with demand linked to construction, remodeling, and maintenance rather than to one single product category.
Revenue: LIXIL reported first-quarter revenue of JPY 379.2 billion, but earnings fell as higher raw material costs and a lower renovation ratio outweighed the top-line increase.
Outlook: Management kept the full-year forecast unchanged, saying the first half will absorb the cost hit while price revisions and cost cuts should help recovery in the second half.
Costs: The company said the biggest pressure came from aluminum, petrochemicals, fuel, and copper, with total cost inflation now expected to be more than JPY 30 billion.
Pricing: Price increases are being rolled out in stages from July, August, and October, with management saying the effect will build gradually and be more visible next fiscal year.
Demand: Japan renovation was softer than expected because new housing was prioritized and some subsidy details were delayed, while overseas demand was weak in the Americas and uneven in Europe.
Balance sheet: Equity ratio fell to 33.8% from about 35% last year, mainly because cash was temporarily used for short-term investment; management expects improvement in the second quarter.
