Review of the 26 Mid-Term Management Plan and Future Policies
The management targets for fiscal 2026 include net sales exceeding 1 trillion yen, operating income over 100 billion yen, and ROE above 10%. Considering the impairment loss on the Philippines business and the slowdown in the U.S. market in fiscal 2025, measures will be implemented from fiscal 2026 onward to achieve an early realization of ROE at 10%.
Review of the 26 Mid-Term Management Plan and Future Policies – Efforts Toward Early Realization of PBR Over 1x –
Taiheiyo Cement reviews the progress of the 26 Mid-Term Management Plan and outlines initiatives to achieve ROE of 10%, growth investments in US and Philippines businesses, and plans over 700 billion yen in capital expenditures for sustainable growth.
Notice Regarding Establishment of a Wholly Owned Subsidiary through Absorption-Type Company Split Concerning Domestic Sales Business of Cement and Solidifying Agents and Transfer of Shares of Certain Consolidated Subsidiaries, and Transfer of Shares of the Wholly Owned Subsidiary (Change in Subsidiary)
Tokuyama Corporation plans to transfer the domestic sales business of cement and solidifying agents and shares of certain consolidated subsidiaries to a newly established wholly owned subsidiary through an absorption-type company split, and subsequently transfer the shares of that subsidiary to Taiheiyo Cement Corporation for 37,000 million yen (scheduled October 1, 2026).
Announcement on Acquisition of Shares of a New Company Succeeding the Cement Sales Business of Tokuyama Corporation through Company Split (Wholly Owned Subsidiary)
Taiheiyo Cement plans to acquire all shares of a newly established company that succeeds Tokuyama's cement sales business for approximately 37 billion yen and make it a wholly owned subsidiary. The share transfer is scheduled for execution on October 1, 2026.
Notice Regarding Receipt of Dividends from Consolidated Subsidiary
Expected to receive dividends of 100 million USD (approximately 16 billion JPY) from consolidated subsidiary Taiheiyo Cement U.S.A., Inc. on March 25, 2026. Scheduled to be recorded as non-operating income in the standalone financial results for fiscal year ending March 2026.
Notice on Completion of Payment for Disposal of Treasury Stock as Restricted Stock Incentive for Employee Shareholding Association and Partial Forfeiture
On March 13, 2026, Taiheiyo Cement completed payment for the disposal of 129,360 shares of treasury stock, totaling 528,306,240 yen, as restricted stock incentives for the employee shareholding association, with a reduction in the number of disposed shares due to partial forfeiture.
Notice Regarding Cancellation of Treasury Stock
Taiheiyo Cement Corporation announced the plan to cancel 3,639,785 shares of treasury stock (5.94% of total issued shares) on April 14, 2026.
Notice Regarding Transfer of Equity Interest in Our Consolidated Subsidiary
Taiheiyo Cement will transfer an 88.51% equity interest in its consolidated subsidiary Jiangnan-Onoda Cement Co., Ltd. to Nanjing Yida Vertical-Horizontal Building Materials Co., Ltd. for approximately 1,340 million yen, scheduled for execution in March 2026.
Notice of Change in Representative Director
Effective April 1, 2026, Mr. Shinji Fukami will assume the role of Representative Director and Executive Vice President, Head of Global Business Headquarters, with the decision made to strengthen the management structure.
Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)
For the nine months ended December 2025, consolidated net sales were 671.26 billion yen (1.6% YoY decrease), operating income was 59.06 billion yen (8.0% YoY decrease), and net income attributable to owners of parent for the quarter was 17.77 billion yen (66.1% YoY decrease).
Fiscal Year 2025 Q3 Financial Presentation Materials
In the third quarter of fiscal year 2025, net sales were 671,264 million yen, operating income was 59,066 million yen, and net income attributable to owners of parent was 17,774 million yen, posting a year-over-year decline in both revenue and profit.
Notice Regarding Recognition of Impairment Loss (Consolidated) by Philippine Consolidated Subsidiary and Equity Method Investment Loss (Individual), and Revision of Full-Year Earnings Forecast for the Fiscal Year Ending March 2026
Recorded an impairment loss of 24.4 billion yen by the Philippine consolidated subsidiary and an equity method investment loss of 37.8 billion yen, revising the forecast for net income attributable to owners of the parent for the fiscal year ending March 2026 downward by 62.2%, from 45 billion yen to 17 billion yen.
