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Not the Allbirds effect: Japan's top bidet maker Toto has been quietly making chip supplies for decades, and the stock market finally noticed

Summary by Fortune
Whenever someone visits Japan, they mention the sights, the food, the impeccable transportation. Oftentimes, they mention futuristic toilets: the ubiquity of bidets, their sound effects, and the turbo-powered jets that keep you clean. Now Japan’s largest bidet maker, Toto, is doubling down on AI chips. The announcement followed Allbirds’ pivot to become a chipmaker. But unlike the one-time shoe company’s switch from comfort to compute, Toto didn…

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Fortune broke the news in New York, United States on Monday, May 18, 2026.
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