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

Japan's Toto, known for its toilet technology, is gaining attention for its advanced ceramics business, which supplies components to the semiconductor industry. Activist investor Palliser Capital claims Toto is undervalued and overlooked as an AI memory beneficiary, citing its contribution to nearly 40% of operating income. The company's precision ceramic parts, used in semiconductor manufacturing, are in high demand due to the AI boom, leading to a nearly 40% increase in Toto's shares in 2026.