Taiheiyo Cement has lowered its earnings forecasts for the financial year ending 31 March 2027, citing weaker sales volumes in Japan and the USA alongside rising costs.

The Japanese producer now expects operating profit of JPY63bn (US$398m), down 17.1 per cent from its previous forecast of JPY76bn. Attributable net profit is forecast at JPY51bn, a 19 per cent reduction from JPY63bn.

The company also reduced its revenue forecast by 1.7 per cent to JPY1.01tn.

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Announced on 10 November, the revisions reflect changes against previous guidance rather than year-on-year declines.