FILE PHOTO: Balmuda's logo is pictured at its showroom in Tokyo, Japan December 14, 2020. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - A foray into smartphones by Japan's Balmuda Inc, best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.
Shares in Balmuda, which listed on Tokyo's start-up index in December 2020, fell as much as 10% in Tuesday trading, a day after the firm said it has paused sales due to an unidentified issue regarding compliance with Japan's technical standards.
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