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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 2020 JPYUSD
Revenue884,350M8,133.76M
Gross Profit194,940M1,792.95M
Operating income61,009M561.12M
Income before tax51,777M476.21M
Net income39,151M360.08M
EBITDA109,961M1,011.36M
Diluted EPS319.882.94
Dividends Per Share600.55
Total Assets1,032.92B9,568.08M
Total liabilities559,677M5,184.35M
Total equity436,678M4,045.00M
Operating cash flow90,902M836.06M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 835,359M 798,588M 871,113M 916,071M 884,350M
Gross Profit 192,017M 196,146M 203,620M 202,921M 194,940M
Operating income 60,433M 63,235M 64,100M 66,013M 61,009M
Income before tax 52,592M 52,741M 58,642M 59,174M 51,777M
Net income 36,404M 47,596M 38,526M 43,452M 39,151M
EBITDA 107,358M 110,212M 110,600M 110,511M 109,961M
Diluted EPS 296.30 383.90 311.39 351.72 319.88
Dividends Per Share 60 60 60 80 60
Total Assets 1,014.07B 1,015.41B 1,020.11B 1,034.42B 1,032.92B
Total liabilities 657,002M 615,374M 587,780M 583,779M 559,677M
Total equity 318,286M 361,819M 395,268M 414,710M 436,678M
Operating cash flow 75,627M 94,433M 107,683M 97,283M 90,902M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 6,956.43M 7,374.70M 7,859.73M 8,260.73M 8,133.76M
Gross Profit 1,599.01M 1,811.34M 1,837.18M 1,829.85M 1,792.95M
Operating income 503.25M 583.95M 578.35M 595.27M 561.12M
Income before tax 437.95M 487.04M 529.10M 533.60M 476.21M
Net income 303.15M 439.53M 347.60M 391.83M 360.08M
EBITDA 894.02M 1,017.77M 997.90M 996.54M 1,011.36M
Diluted EPS 2.46 3.54 2.80 3.17 2.94
Dividends Per Share 0.49 0.55 0.54 0.72 0.55
Total Assets 9,022.42M 9,112.58M 9,592.01M 9,345.69M 9,568.08M
Total liabilities 5,845.47M 5,522.51M 5,526.84M 5,274.23M 5,184.35M
Total equity 2,831.85M 3,247.05M 3,716.67M 3,746.75M 4,045.00M
Operating cash flow 629.78M 872.05M 971.58M 877.25M 836.06M

Valuation Measures

Mar 2020
PER5.78
ROA3.78%
ROE9.19%
Operating margin6.89%
Profit margin4.42%

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 LLP (7.7%)
  • Taiheiyo Cement Corp. (6.4%)
  • Nomura Asset Management Co., Ltd. (4.7%)
  • Asset Management One Co., Ltd. (3.6%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • The Vanguard Group, Inc. (2.2%)
  • Nikko Asset Management Co., Ltd. (1.9%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Mizuho Financial Group, Inc. (1.5%)
  • Norges Bank Investment Management (1.5%)

Contact Details

Related Companies

  • 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
  • Daito Concrete Hida Kogyo KK

Competitors

  • Holcim Philippines, Inc.
  • Cemex Holdings Philippines, Inc.
  • Vicat-Ciments Vicat SA
  • Cemex SAB de CV Cert Part Ord Repr 2 ShsA & 1 ShsB
  • Phinma Corporation
Last Updated on 13 May, 2021

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