Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Shingo Tsutsumi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • May 14
Taiheiyo Cement Corporation (TSE:5233) announces an Equity Buyback for 2,644,800 shares, representing 2.36% for ¥9,999.99 million. Taiheiyo Cement Corporation (TSE:5233) announces a share repurchase program. Under the program, the company will repurchase up to 2,644,800 shares, representing 2.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥9,999.99 million. The repurchases will be made at ¥3,781 per share. The purpose of the program is to improve capital efficiency as well as enhance returns to shareholders by repurchasing its own shares. As of March 31, 2026, the company had 111,841,816 issued shares (excluding treasury stock) and 6,349,762 treasury shares. Ankündigung • May 12
Taiheiyo Cement Corporation, Annual General Meeting, Jun 26, 2026 Taiheiyo Cement Corporation, Annual General Meeting, Jun 26, 2026. Ankündigung • Mar 09
Taiheiyo Cement Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Taiheiyo Cement Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Ankündigung • Feb 26
Taiheiyo Cement Corporation Appoints Shinji Fukami as Representative Director, Senior General Manager of Global Business Division, Effective on April 1, 2026 Taiheiyo Cement Corporation hereby announced that at the Board of Directors meeting held on February 24, 2026, the Company decided to make the following change Representative Director as of April 1, 2026. Reason for the change: To strengthen the management structure. Change in Representative Director (effective April 1); Name: Shinji Fukami; New Title: Vice President and Representative Director, Senior General Manager of Global Business Division. Date of Birth: July 28, 1960; Final Academic background: Mar. 1986 Graduated from the Graduate School of Engineering, Kyoto University Career summary: Apr. 1986 Joined Onoda Cement Co. Ltd. Apr. 2015 General Manager of Business Planning Department of International Business Division; Apr. 2018 General Manager of Environmental Business Development Department; Apr. 2019 Executive Officer, General Manager of Environmental Business Development Department; Apr. 2022 Managing Executive Officer; Apr. 2024 Senior Executive Officer, Senior General Manager of International Business Division; June 2024 Director, Senior Executive Officer, Senior General Manager of International Business Division; Apr. 2025 Vice President and Director, Senior General Manager of Global Business Division To the present. Ankündigung • Feb 24
Nanjing Yida Zongheng Building Materials Co., Ltd. signed a letter of intent to acquire 88.51% stake in Jiangnan-Onoda Cement Co., Ltd. from Taiheiyo Cement Corporation (TSE:5233) for CNY 60 million. Nanjing Yida Zongheng Building Materials Co., Ltd. signed a letter of intent to acquire 88.51% stake in Jiangnan-Onoda Cement Co., Ltd. from Taiheiyo Cement Corporation (TSE:5233) for CNY 60 million on February 24, 2026. A cash consideration of CNY 60 million will be paid by Nanjing Yida Zongheng Building Materials Co., Ltd. As part of consideration, CNY 60 million is paid towards common equity of Jiangnan-Onoda Cement Co., Ltd.
For the period ending December 31, 2025, Jiangnan-Onoda Cement Co., Ltd. reported net loss of CNY 2.23 million. As of December 31, 2025, Jiangnan-Onoda Cement Co., Ltd. reported total assets of CNY 644.36 million and total common equity of CNY 620.55 million.
The expected completion of the transaction is in March 2026. Taiheiyo Cement Corporation will reinvest the funds generated from the transaction in future projects and regions. Ankündigung • Dec 16
Taiheiyo Cement Corporation to Report Q3, 2026 Results on Feb 10, 2026 Taiheiyo Cement Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Ankündigung • Sep 25
Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders. Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures.
The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025.
Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders on September 24, 2025. Ankündigung • Sep 17
Taiheiyo Cement Corporation to Report Q2, 2026 Results on Nov 11, 2025 Taiheiyo Cement Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Ankündigung • Aug 08
Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion. Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures.
The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025. Ankündigung • Jun 20
Taiheiyo Cement Corporation to Report Q1, 2026 Results on Aug 07, 2025 Taiheiyo Cement Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Ankündigung • Feb 28
Taiheiyo Cement Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Taiheiyo Cement Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Ankündigung • Dec 05
Taiheiyo Cement Corporation to Report Nine Months, 2025 Results on Feb 12, 2025 Taiheiyo Cement Corporation announced that they will report nine months, 2025 results on Feb 12, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥147 (vs JP¥113 in 2Q 2024) Second quarter 2025 results: EPS: JP¥147 (up from JP¥113 in 2Q 2024). Revenue: JP¥234.8b (up 4.4% from 2Q 2024). Net income: JP¥16.7b (up 26% from 2Q 2024). Profit margin: 7.1% (up from 5.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 17
Taiheiyo Cement Corporation (TSE:5233) announces an Equity Buyback for 6,000,000 shares, representing 5.18% for ¥15,000 million. Taiheiyo Cement Corporation (TSE:5233) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 5.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The purpose of the program is to return profits to shareholders based on the medium-term management plan. The program will continue through March 31, 2025. As of September 30, 2024, the company had 115,868,861 issued shares (excluding treasury stock) and 2,322,717 treasury shares. Ankündigung • Sep 25
erex Co., Ltd. and Taiheiyo Cement Corporation Announce Complete PKS Co-Firing Test erex Co. Ltd. announced that a cofiring test of PKS (Palm Kernel Shell) has been conducted at the Itoigawa Power Plant, which is jointly operated by the Company and Taiheiyo Cement Corporation as follows: As part of efforts to address the social issue of achieving a de-carbonized society, the company is planning fuel conversion of coal-fired power plants in Japan. As a test to implement the plan, a co-firing test with coal using inexpensively procured PKS was conducted for eight days from September 6 to 13. The test operation was conducted with a maximum of approximately 30% PKS mixed with coal, and it was confirmed that stable firing and power generation were available. The company will continue to implement initiatives to achieve a de-carbonized society in Japan and abroad, with its biomass power generation business as a cornerstone. With regard to the fuel conversion of coal-fired power plants, the company will steadily proceed with the plan with the understanding and cooperation of local residents and other related parties. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.2%). Ankündigung • Sep 19
Taiheiyo Cement Corporation to Report First Half, 2025 Results on Nov 12, 2024 Taiheiyo Cement Corporation announced that they will report first half, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €19.90, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.82 per share. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued Over the last 90 days, the stock has risen 12% to €23.20. The fair value is estimated to be €29.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Ankündigung • Jun 08
Taiheiyo Cement Corporation to Report Q1, 2025 Results on Aug 08, 2024 Taiheiyo Cement Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥371 (vs JP¥284 loss in FY 2023) Full year 2024 results: EPS: JP¥371 (up from JP¥284 loss in FY 2023). Revenue: JP¥886.3b (up 9.5% from FY 2023). Net income: JP¥43.3b (up JP¥76.5b from FY 2023). Profit margin: 4.9% (up from net loss in FY 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Ankündigung • May 16
Taiheiyo Cement Corporation, Annual General Meeting, Jun 27, 2024 Taiheiyo Cement Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.4%). Ankündigung • Mar 15
Taiheiyo Cement Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Taiheiyo Cement Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥130 (vs JP¥10.34 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥130 (up from JP¥10.34 loss in 3Q 2023). Revenue: JP¥241.6b (up 7.7% from 3Q 2023). Net income: JP¥15.2b (up JP¥16.4b from 3Q 2023). Profit margin: 6.3% (up from net loss in 3Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Ankündigung • Dec 21
Taiheiyo Cement Corporation to Report Q3, 2024 Results on Feb 08, 2024 Taiheiyo Cement Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Ankündigung • Nov 10
Taiheiyo Cement Corporation (TSE:5233) announces an Equity Buyback for 2,500,000 shares, representing 2.12% for ¥5,000 million. Taiheiyo Cement Corporation (TSE:5233) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.12% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to return profits to shareholders based on the medium-term management plan. The program will continue through December 29, 2023. As of September 30, 2023, the company had 117,672,966 issued shares (excluding treasury stock) and 4,312,112 treasury shares. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥113 (vs JP¥139 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥113 (up from JP¥139 loss in 2Q 2023). Revenue: JP¥225.0b (up 13% from 2Q 2023). Net income: JP¥13.3b (up JP¥29.5b from 2Q 2023). Profit margin: 5.9% (up from net loss in 2Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Buying Opportunity • Nov 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €19.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.4%). Ankündigung • Sep 06
Taiheiyo Cement Corporation to Report Q2, 2024 Results on Nov 09, 2023 Taiheiyo Cement Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥3.12 (vs JP¥1.88 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥3.12 (up from JP¥1.88 loss in 1Q 2023). Revenue: JP¥193.5b (up 9.6% from 1Q 2023). Net income: JP¥365.0m (up JP¥585.0m from 1Q 2023). Profit margin: 0.2% (up from net loss in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Buying Opportunity • Aug 08
Now 23% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be €22.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Jun 21
Taiheiyo Cement Corporation to Report Q1, 2024 Results on Aug 08, 2023 Taiheiyo Cement Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 14
Full year 2023 earnings released: JP¥284 loss per share (vs JP¥246 profit in FY 2022) Full year 2023 results: JP¥284 loss per share (down from JP¥246 profit in FY 2022). Revenue: JP¥809.5b (up 14% from FY 2022). Net loss: JP¥33.2b (down 215% from profit in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Ankündigung • May 13
Taiheiyo Cement Corporation, Annual General Meeting, Jun 29, 2023 Taiheiyo Cement Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 13
Third quarter 2023 earnings released: JP¥10.34 loss per share (vs JP¥86.44 profit in 3Q 2022) Third quarter 2023 results: JP¥10.34 loss per share (down from JP¥86.44 profit in 3Q 2022). Revenue: JP¥224.4b (up 19% from 3Q 2022). Net loss: JP¥1.21b (down 112% from profit in 3Q 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Ankündigung • Nov 30
Taiheiyo Cement Corporation to Report Q3, 2023 Results on Feb 09, 2023 Taiheiyo Cement Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (7 non-independent directors). VP & Representative Director Yuuichi Kitabayashi is the most experienced director on the board, commencing their role in 2013. Independent Outside Director Hideyuki Furikado was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 12
Second quarter 2023 earnings released: JP¥139 loss per share (vs JP¥110 profit in 2Q 2022) Second quarter 2023 results: JP¥139 loss per share (down from JP¥110 profit in 2Q 2022). Revenue: JP¥199.5b (up 11% from 2Q 2022). Net loss: JP¥16.2b (down 226% from profit in 2Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 20% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.4%). Ankündigung • Sep 04
Taiheiyo Cement Corporation to Report Q2, 2023 Results on Nov 10, 2022 Taiheiyo Cement Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥1.88 loss per share (vs JP¥54.87 profit in 1Q 2022) First quarter 2023 results: JP¥1.88 loss per share (down from JP¥54.87 profit in 1Q 2022). Revenue: JP¥176.5b (up 11% from 1Q 2022). Net loss: JP¥220.0m (down 103% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 8.0%, compared to a 4.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Ankündigung • Jun 14
Taiheiyo Cement Corporation to Report Q1, 2023 Results on Aug 09, 2022 Taiheiyo Cement Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥246 (vs JP¥388 in FY 2021) Full year 2022 results: EPS: JP¥246 (down from JP¥388 in FY 2021). Revenue: JP¥708.2b (down 18% from FY 2021). Net income: JP¥29.0b (down 38% from FY 2021). Profit margin: 4.1% (down from 5.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 6.2%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Ankündigung • May 14
Taiheiyo Cement Corporation, Annual General Meeting, Jun 29, 2022 Taiheiyo Cement Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Outside Director Shinhachiro Emori was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Ankündigung • Apr 08
Taiheiyo Cement Corporation to Report Fiscal Year 2022 Results on May 12, 2022 Taiheiyo Cement Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (3.6%). In line with average of industry peers (3.7%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥86.44 (down from JP¥155 in 3Q 2021). Revenue: JP¥188.1b (down 19% from 3Q 2021). Net income: JP¥10.1b (down 46% from 3Q 2021). Profit margin: 5.4% (down from 8.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Ankündigung • Dec 23
Taiheiyo Cement Corporation (TSE:5233) signed a share exchange agreement to acquire Tsuruga Cement Co., Ltd. Taiheiyo Cement Corporation (TSE:5233) signed a share exchange agreement to acquire Tsuruga Cement Co., Ltd. on December 21, 2021. At the board of directors meeting held on December 21, 2021, with March 1, 2022 as the effective date, Taiheiyo Cement Corporation will become the wholly-owned parent company in the share exchange and Tsuruga Cement Co., Ltd., a consolidated subsidiary of Taiheiyo Cement Corporation, will become the wholly-owned subsidiary in the share exchange. Number of shares to be delivered through the Share Exchange 432,719 shares of the Taiheiyo Cement common stock. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥110 (vs JP¥126 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥180.2b (down 18% from 2Q 2021). Net income: JP¥12.9b (down 15% from 2Q 2021). Profit margin: 7.2% (up from 6.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (3.0%). Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS JP¥54.87 (vs JP¥26.80 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥159.6b (down 20% from 1Q 2021). Net income: JP¥6.58b (up 101% from 1Q 2021). Profit margin: 4.1% (up from 1.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Aug 11
Taiheiyo Cement Corporation (TSE:5233) announces an Equity Buyback for 2,500,000 shares, representing 2.1% for ¥5,000 million. Taiheiyo Cement Corporation (TSE:5233) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to return profits to shareholders based on the medium-term management plan. The program will continue through October 29, 2021. As of June 30, 2021, the company had 118,890,581 issued shares (excluding treasury stock) and 3,094,497 treasury shares. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥388 (vs JP¥320 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥863.9b (down 2.3% from FY 2020). Net income: JP¥46.8b (up 20% from FY 2020). Profit margin: 5.4% (up from 4.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥30.00 Per Share Will be paid on the 29th of June to those who are registered shareholders by the 30th of March. The trailing yield of 2.0% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (2.9%). Ankündigung • Mar 19
Taiheiyo Cement Corporation to Report Q3, 2021 Results on May 13, 2021 Taiheiyo Cement Corporation announced that they will report Q3, 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 13
New 90-day low: €19.70 The company is down 13% from its price of €22.60 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.99 per share. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥155 (vs JP¥117 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥232.1b (flat on 3Q 2020). Net income: JP¥18.7b (up 30% from 3Q 2020). Profit margin: 8.1% (up from 6.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue misses expectations Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 1.2%, compared to a 3.4% growth forecast for the Basic Materials industry in Germany. Ankündigung • Dec 03
Taiheiyo Cement Corporation to Report Q3, 2021 Final Results on Feb 09, 2021 Taiheiyo Cement Corporation announced that they will report Q3, 2021 final results on Feb 09, 2021 Is New 90 Day High Low • Nov 12
New 90-day high: €23.60 The company is up 17% from its price of €20.20 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.79 per share. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥126 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥220.1b (down 2.0% from 2Q 2020). Net income: JP¥15.2b (up 44% from 2Q 2020). Profit margin: 6.9% (up from 4.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 1.5%, compared to a 2.4% growth forecast for the Basic Materials industry in Germany. Is New 90 Day High Low • Sep 28
New 90-day high: €23.00 The company is up 13% from its price of €20.40 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.05 per share. Ankündigung • Sep 03
Taiheiyo Cement Corporation to Report Q2, 2021 Results on Nov 10, 2020 Taiheiyo Cement Corporation announced that they will report Q2, 2021 results on Nov 10, 2020