Taiheiyo Cement (5233) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2025, were ¥438.1 billion, down 1.2% year-over-year; operating profit was ¥32.9 billion, down 9.7%; profit attributable to owners was ¥24.5 billion, down 18.9%.

• Operating profit in domestic cement increased due to price hikes and cost improvements, but overall sales and profit declined at overseas subsidiaries.

• Comprehensive income dropped sharply to ¥1,583 million from ¥71,113 million year-over-year, mainly due to a significant negative foreign currency translation adjustment.

• Net profit decreased year-over-year, partly due to the absence of last year's extraordinary profit.

Financial highlights

• FY2026 Q2 net sales: ¥438.1 billion, down ¥5.5 billion year-over-year.

• Operating profit: ¥32.9 billion, down ¥3.5 billion year-over-year.

• Profit attributable to owners: ¥24.5 billion, down ¥5.7 billion year-over-year.

• Dividend per share increased by ¥10 to ¥50.

• Basic EPS: ¥219.7, down ¥41.5 year-over-year.

Outlook and guidance

• Full-year forecasts revised downward: net sales now expected at ¥906.0 billion, operating profit at ¥70.0 billion, profit attributable to owners at ¥45.0 billion.

• Basic earnings per share forecast reduced to ¥403.75.

• Dividend per share for FY2026 planned at ¥100, including interim dividend of ¥50.

• Domestic cement demand revised down to 30.5 million tons; overseas subsidiary forecasts lowered.