Taiheiyo Cement (5233) Q4 2025 earnings summary

Executive summary

• Net sales rose to 896,295 million yen (+1.1% year-over-year), operating profit increased to 77,750 million yen (+37.7%), and profit attributable to owners of parent reached 57,428 million yen (+32.7%), driven by domestic price hikes, cost improvements, and overseas growth.

• Comprehensive income increased to 104,255 million yen, up 29.5% year-over-year.

• Operating profit rose significantly, partly due to a change in depreciation method, and the annual dividend increased to 80 yen per share.

• The Japanese economy showed gradual recovery, but global uncertainties persist due to geopolitical and market factors.

Financial highlights

• Net sales: 896,295 million yen (+10,019 million yen year-over-year).

• Operating profit: 77,750 million yen (+21,280 million yen year-over-year), margin improved to 8.7%.

• Profit attributable to owners of parent: 57,428 million yen (+14,156 million yen year-over-year).

• Basic EPS: 502.5 yen (+131.4 yen year-over-year).

• Dividend per share for FY2025 was 80 yen, with a forecast of 100 yen for FY2026.

Outlook and guidance

• FY2026 forecast: net sales 950 billion yen, operating profit 85 billion yen, profit attributable to owners of parent 60 billion yen.

• Domestic cement sales and profit expected to rise despite declining demand, supported by price hikes and infrastructure projects.

• Overseas profit expected to decrease due to U.S. market uncertainty, with recovery anticipated in the second half.

• Dividend planned to increase to 100 yen per share in fiscal 2026.

• Group plans further cement price increases and continued disaster recovery contributions.