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 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5233","jir_company_name":"Taiheiyo Cement Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5233-20260210-03.pdf","jir_short_summary":"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.","jir_summary":"### Regarding Recognition of Impairment Loss and Equity Method Investment Loss\nAt the Philippine consolidated subsidiary, Taiheiyo Cement Philippines Inc., following a review of the business plan considering post-COVID-19 interest rate hikes and demand stagnation, an impairment test was conducted. As a result, an impairment loss of 24.4 billion yen was recorded as an extraordinary loss in the consolidated results for the third quarter of the fiscal year ending March 2026. Additionally, in the individual financial statements, an equity method investment loss of 37.8 billion yen was recognized as an extraordinary loss. Since the equity method investment loss is eliminated in consolidation, it has no impact on consolidated earnings.\n\n### Revision of Earnings Forecast for the Fiscal Year Ending March 2026 and Future Outlook\nThe consolidated earnings forecast remains unchanged with net sales of 906,000 million yen and operating income of 70,000 million yen; ordinary income has been revised upward to 69,000 million yen (+1.5% from the previous forecast). However, due to the recording of the impairment loss, the forecast for net income attributable to owners of the parent has been revised downward by 62.2%, from 45,000 million yen to 17,000 million yen. The individual earnings forecast has been revised to net sales of 342,000 million yen (-3.7% from the previous forecast) and net income of 1,000 million yen (-97.5%). The dividend forecast remains unchanged. The outlook for the Philippines business remains positive for medium- to long-term demand growth, and efforts toward profit improvement will continue through cost reductions and expansion of sales volume.","jir_financial_highlights":"Impairment Loss (Consolidated): 24.4 billion yen (Newly Recognized)\nEquity Method Investment Loss (Individual): 37.8 billion yen (Newly Recognized)\nConsolidated Net Sales: 906,000 million yen (0.0% from Previous Forecast)\nConsolidated Operating Income: 70,000 million yen (0.0% from Previous Forecast)\nConsolidated Ordinary Income: 69,000 million yen (+1.5% from Previous Forecast)\nNet Income Attributable to Owners of Parent (Consolidated): 17,000 million yen (-62.2% from Previous Forecast)\nIndividual Net Sales: 342,000 million yen (-3.7% from Previous Forecast)\nIndividual Ordinary Income: 44,000 million yen (0.0% from Previous Forecast)\nIndividual Net Income: 1,000 million yen (-97.5% from Previous Forecast)","jir_category":"","jir_hashtags":"#TaiheiyoCementCorporation, #EarningsForecastRevision, #JapaneseStocks","jir_key_figures":"Impairment Loss (Consolidated): 24.4 billion yen (recorded in Q3 FY March 2026)\nEquity Method Investment Loss (Individual): 37.8 billion yen (recorded in Q3 FY March 2026)\nForecast for Net Income Attributable to Owners of Parent (Consolidated): 17,000 million yen (-62.2% from previous forecast)","jir_meta_title":"Taiheiyo Cement Revises FY March 2026 Net Income Forecast Down 62.2% Following 24.4 Billion Yen Impairment by Philippine Subsidiary","jir_meta_description":"Taiheiyo Cement recorded an impairment loss of 24.4 billion yen and equity method investment loss of 37.8 billion yen by its Philippine consolidated subsidiary, resulting in a significant downward revision of its net income attributable to owners of the parent for the fiscal year ending March 2026 from 45 billion yen to 17 billion yen. Dividend forecasts remain unchanged.","jir_og_title":"Taiheiyo Cement Significantly Revises Down FY March 2026 Net Income Forecast Following Impairment Loss","jir_og_description":"Due to the recording of a 24.4 billion yen impairment loss by its Philippine subsidiary, Taiheiyo Cement revised its net income forecast for the fiscal year ending March 2026 down by 62.2% to 17 billion yen.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7926,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-26523","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n