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Non-Energy Minerals

Taiheiyo Cement Corp.

Business Summary

Taiheiyo Cement Corp. engages in the manufacture and sale of cement. It operates through the following segments: Cement, Mineral Resources, Environmental Business, Construction Materials, and Others. The Cement segment manufactures cement and ready-mixed concrete. The Mineral Resources segment offers mined aggregates and limestone products. The Environmental Business segment deals with the waste recycling and desulfurization materials. The Construction Materials segment consists of concrete products, autoclaved lightweight aerated concrete, and chemicals. The Others segment engages in the business of real estate, engineering, data processing, finance, transportation, warehousing, and sports facilities. The company was founded on May 3, 1881 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue708,201M6,302.25M
Gross Profit175,329M1,560.24M
Operating income46,702M415.59M
Income before tax42,820M381.05M
Net income28,972M257.82M
EBITDA102,766M914.51M
Diluted EPS245.792.18
Dividends Per Share700.62
Total Assets1,103.00B9,087.59M
Total liabilities558,203M4,598.99M
Total equity510,618M4,206.94M
Operating cash flow71,191M633.52M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 871,113M 916,071M 884,350M 863,903M 708,201M
Gross Profit 203,620M 202,921M 194,940M 191,219M 175,329M
Operating income 64,100M 66,013M 61,009M 63,611M 46,702M
Income before tax 58,642M 59,174M 51,777M 65,105M 42,820M
Net income 38,526M 43,452M 39,151M 46,801M 28,972M
EBITDA 110,600M 110,511M 109,961M 116,347M 102,766M
Diluted EPS 311.39 351.72 319.88 387.78 245.79
Dividends Per Share 60 80 60 60 70
Total Assets 1,020.11B 1,034.42B 1,032.92B 1,044.22B 1,103.00B
Total liabilities 587,780M 583,779M 559,677M 537,401M 558,203M
Total equity 395,268M 414,710M 436,678M 470,922M 510,618M
Operating cash flow 107,683M 97,283M 90,902M 110,403M 71,191M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 7,859.73M 8,260.73M 8,133.76M 8,145.61M 6,302.25M
Gross Profit 1,837.18M 1,829.85M 1,792.95M 1,802.97M 1,560.24M
Operating income 578.35M 595.27M 561.12M 599.77M 415.59M
Income before tax 529.10M 533.60M 476.21M 613.86M 381.05M
Net income 347.60M 391.83M 360.08M 441.27M 257.82M
EBITDA 997.90M 996.54M 1,011.36M 1,097.01M 914.51M
Diluted EPS 2.80 3.17 2.94 3.65 2.18
Dividends Per Share 0.54 0.72 0.55 0.56 0.62
Total Assets 9,592.01M 9,345.69M 9,568.08M 9,450.01M 9,087.59M
Total liabilities 5,526.84M 5,274.23M 5,184.35M 4,863.35M 4,598.99M
Total equity 3,716.67M 3,746.75M 4,045.00M 4,261.73M 4,206.94M
Operating cash flow 971.58M 877.25M 836.06M 1,040.97M 633.52M

Valuation Measures

Mar 2022
PER8.21
ROA2.69%
ROE5.90%
Operating margin6.59%
Profit margin4.09%

Key executives

  • President & Representative Director: Masafumi Fushihara
  • Group Leader-Finance & Accounting: Hiroshi Suzuki
  • Representative Director & Vice President: Yuichi Kitabayashi
  • Executive Officer & Manager-Cement Business Sales: Naoyuki Kira
  • Executive Officer & Audit Manager: Tetsuya Suemura

Shareholders

  • Marathon Asset Management Ltd. (9.5%)
  • Nomura Asset Management Co., Ltd. (4.5%)
  • Taiheiyo Cement Corp. (4.1%)
  • Asset Management One Co., Ltd. (3.8%)
  • T. Rowe Price International Ltd. (3.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • The Vanguard Group, Inc. (2.3%)
  • T. Rowe Price Japan, Inc. (2.3%)
  • Nikko Asset Management Co., Ltd. (1.9%)
  • Daiwa Asset Management Co. Ltd. (1.8%)

Contact Details

Related Companies

  • Taiheiyo Cement Restricted Stock Compensation Plan
  • Kawai Industries Co. Ltd.
  • Taiheiyo Engineering Corp.
  • Tokyo Tama Ecocement, Inc.
  • Yuko Mining Co., Ltd.
  • Ryushin Mining Co., Ltd
  • Oita Taiheiyo Mining Corp.
  • Kansai Taiheiyo Minerals Corp.
  • Kansai Matech Co., Ltd.
  • Chichibu Mining Co., Ltd.
  • Sakura Concrete Products Corp.
  • Jidong Taiheiyo (Beijing) Environmental Engineering Co. Ltd.
  • TAIHEIYO International (Thailand) Co., Ltd.
  • Jiangnan Onoda Cement Co., Ltd.
  • Kalahari Dry (Thailand) Co., Ltd.
  • Shenzhen Haixing Onoda Cement Co. Ltd.
  • Hong Kong Nihon Cement Co. Ltd.
  • Shanghai Sanhang Onoda Cement Co., Ltd.
  • PNG-Taiheiyo Cement Ltd.
  • Taiheiyo Cement (China) Investment Co., Ltd.
  • Saigon - RDC Co., Ltd.
  • Taiheiyo Cement Trust
  • Taiheiyo (Singapore) Pte Ltd.
  • Kosyu Saiseki Co., Ltd.
  • Asano Concrete Co. Ltd.
  • Kawara Kogyo KK
  • Chichibu Shoko Sekiyu KK
  • Osaka Asano Concrete KK
  • Taiheiyo Soil Co. Ltd.
  • Oita Taiheiyo Kogyo KK

Competitors

  • Holcim Philippines, Inc.
  • Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB
  • Vicat-Ciments Vicat SA
  • Cemex Holdings Philippines, Inc.
  • Aboitiz Equity Ventures Inc.
Last Updated on 18 May, 2022

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