Taiheiyo Cement (5233) Q1 2025 earnings summary

Executive summary

• Net sales rose 7.9% year-over-year to 208,852 million yen, with operating profit up 493.2% to 11,048 million yen and profit attributable to owners of parent surging to 13,528 million yen from 366 million yen a year earlier.

• Operating profit and net sales rose significantly year-over-year, driven by sales price hikes and cost improvements in domestic and overseas cement businesses.

• Comprehensive income increased sharply to 35,476 million yen from 5,718 million yen year-over-year, driven by strong foreign currency translation gains.

• Extraordinary income contributed to a sharp increase in profit before income taxes.

Financial highlights

• Net sales increased to 208,852 million yen (+15,318 million yen year-over-year).

• Operating profit rose to 11,048 million yen (+9,185 million yen year-over-year).

• Ordinary profit reached 11,761 million yen (+8,785 million yen year-over-year).

• Basic earnings per share rose to 117.05 yen from 3.12 yen year-over-year.

• Extraordinary income of 6,397 million yen, mainly from gain on sale of investment securities, contributed to profit before income taxes of 17,701 million yen.

Outlook and guidance

• Full-year forecast maintained: net sales 960 billion yen, operating profit 84 billion yen, profit attributable to owners of parent 62 billion yen, EPS 536.43 yen.

• Depreciation expense expected to decrease due to change in depreciation method.

• Interim and year-end dividends forecast at 40 yen per share each, totaling 80 yen for the year.

• 2Q FY2025 forecast: net sales 464 billion yen, operating profit 34.5 billion yen, profit attributable to owners of parent 26.5 billion yen.