Cement News tagged under: Japan

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Taiheiyo Cement posts 11% rise in sales

14 November 2022, Published under Cement News

Japan’s Taiheiyo Cement Corp has posted consolidated net sales of JPY375,982m (US$2697m) in the six months ended 30 September 2022, marking a 10.6 per cent advance YoY. Operating profit over the same period has fallen from JPY25,812m to a loss of JPY313m, while basic earnings per share have contracted from JPY163.92 in the quarter ended 30 September 2021 to -JPY140.58 in the same period this year. 

Taiheiyo Cement to acquire Denka cement business

27 October 2022, Published under Cement News

Taiheiyo Cement Corp is reportedly acquiring the cement business of Denka Co Ltd in March 2023. Denka has decided to exit the cement sector due to rising production costs. The company operates one integrated cement plant with 2.69Mta of cement capacity in Omi , Niigata, Japan. According to research company Nomura, Denka currently has a thee per cent share of the Japanese cement market, but demand there is falling. The company has already lowered its fiscal-year earnings guidance, for...

Sumitomo Osaka Cement reports JPY1bn loss

12 August 2022, Published under Cement News

Japan-based Sumitomo Osaka Cement Co Ltd reported a 1QFY22-23 revenue of JPY45.5bn (US$337.4m), up from JPY43.78bn in the 1QFY21-22. The company posted an operating loss of JPY3.15bn in the 1QFY22-23, in contrast to a 1QFY21-22 operating profit of JPY2.92bn. There was a pretax loss of JPY2.8bn, when compared with a pretax profit of JPY3.99bn in the equivalent quarter of the previous financial year. In terms of net profit, Sumitomo Osaka Cement Co Ltd saw a loss of JPY1.11bn when compared ...

Taiheiyo Cement posts 1Q revenue of JPY177bn

09 August 2022, Published under Cement News

Japanese cement producer Taiheiyo Cement Corp saw a 10.6 per cent increase in group revenue to JPY176.52bn (US$1308.5m) in the 1QFY22-23 when compared with JPY159.61bn in the equivalent period of the previous financial year. Operating profit was down 87.8 per cent from JPY9.92bn in the 1QFY21-22 to JPY1.21bn in the 1QFY22-23 while pretax profit contracted by 79.1 per cent to JPY2.19bn from JPY10.48bn during the same period. The company reported a JPY220m net loss in the 1QFY22-23, comp...

Mitsubishi Heavy Industries Engineering and Tokuyama Corp to start carbon capture project

30 March 2022, Published under Cement News

Mitsubishi Heavy Industries Engineering Ltd (MHIE), a group company of Mitsubishi Heavy Industries, Ltd (MHI), has signed a memorandum of understanding (MoU) with Tokuyama Corp for the implementation of a CO 2 capture demonstration testing programme at its cement plant. This project will take place for a period of nine months commencing in June 2022, and will be the first time MHIE performs a demonstration test at an operating cement plant. A mobile CO 2 capture test unit manufactured...

Japan: securing sustainability

22 March 2022, Published under Cement News

Japan’s cement industry is expected to have advanced modestly in FY21, and while significant declines are unlikely going forward, growth potential is lacking. Therefore, the sector is looking to secure sustainability through price increases, enhancing businesses outside core cement segments and accelerating its move towards decarbonisation. By Hajime Inoue, Japan Credit Rating Agency, Japan Large-scale construction projects, such as the Osako Expo, are expected to keep cement deman...

Taiheiyo Cement posts 6% net profit rise

12 November 2021, Published under Cement News

Japan’s Taiheiyo Cement has seen a 19.2 per cent YoY decline in revenue to JPY339.8bn (US$2.98bn) in the first half of the FY21-22 ended 30 September, compared to JPY420.63bn in the year-ago period. However, net profit rose 5.6 per cent to JPY19.49bn from JPY18.46bn in the 1HFY20-21.

Taiheiyo Cement announces 101% rise in net profit

10 August 2021, Published under Cement News

Japan’s Taiheiyo Cement has posted a revenue of JPY159.6bn (US$1.44bn) in the quarter ending 30 June 2021, down 20.4 per cent on JPY200.56bn in the same period of the previous fiscal. However, net profit surged 101 per cent YoY to JPY6.58bn from JPY3.27bn in the 1QFY21-22.

Sumitomo Osaka Cement posts 14% rise in profit

05 August 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has posted a 16.4 per cent YoY decline in profit to JPY43.78bn (US$399.57m) for the quarter ending 30 June 2021, compared to JPY52.35bn in the year-ago period. However, operating profit climbed 13.6 per cent YoY to JPY2.92bn from JPY2.57bn.

Sumitomo Osaka sees 7% climb in net profit

14 May 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has recorded a 7.3 per cent YoY rise in net profit to JPY11.72bn (US$106.97m) for the year ended March 2021. Sales were down 2.4 per cent YoY to JPY239.27bn while operating profit climbed 3.1 per cent to JPY16.63bn. The company has forecast sales of JPY185.5bn and a net profit of JPY9bn for the year ending March 2022.