Taiheiyo Cement (5233) Q3 2026 earnings summary

Executive summary

• Operating profit in domestic cement increased due to price hikes and cost improvements, but overall sales and profit declined, mainly from overseas subsidiaries, with net sales for the nine months at ¥671,264 million, down 1.6% year-over-year.

• Profit attributable to owners of parent dropped sharply to ¥17,774 million, down 66.1% year-over-year, mainly due to impairment losses at the Philippine subsidiary.

• Comprehensive income fell to ¥6,079 million, an 89.3% decrease year-over-year.

Financial highlights

• Net sales for FY2026 Q3 were ¥671,264 million, down ¥10,609 million year-over-year.

• Operating profit was ¥59,066 million, a decrease of ¥5,137 million year-over-year.

• Ordinary profit was ¥60,233 million, down 7.6% year-over-year.

• Basic earnings per share for the nine months was ¥159.46, compared to ¥455.48 in the prior year.

• Total assets increased to ¥1,454,752 million as of December 31, 2025.

Outlook and guidance

• Full-year net sales forecast is ¥906,000 million, with operating profit at ¥70,000 million.

• Ordinary profit forecast revised up to ¥69,000 million, but profit attributable to owners of parent revised down to ¥17,000 million due to impairment losses.

• Basic earnings per share forecast for the full year is ¥152.52, down from the previous forecast of ¥403.75.

• Domestic cement demand revised downward to 30.3 million tons; overseas subsidiary forecasts also revised.

• Shareholder dividends are scheduled to increase by ¥20 to ¥100 per share.