Japanese toilet maker 'the most undervalued and overlooked AI memory beneficiary,' investors claim — shares up nearly 40% in first two months of 2026

Toto products.

Despite appearances, Japan's Toto isn't just the name behind heated bidets and "Washlet" throne technology anymore. According to a report from Financial Times, the UK-based activist investor Palliser Capital just surfaced in its shareholder registry with a letter to the board saying that the company's advanced ceramics business is being wildly undervalued by the market. In other words, a loo maker might now be sitting at the crossroads of AI infrastructure and semiconductor supply chains.

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