Taiheiyo Cement Corporation

Taiheiyo Cement Corporation

THYCF
Taiheiyo Cement CorporationUS flagOther OTC
24.00
USD
- -
- -
2.68BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
6,840.52
6,860.04
6,799.34
6,441.37
7,041.12
7,415.12
7,225.67
7,158.33
6,008.53
6,915.91
7,600.28
7,842.36
- -
3,981.58
Basic EPS, GAAP
286.74
359.05
296.31
383.91
311.39
351.72
319.89
387.79
245.8
-283.68
371.09
502.48
- -
252.44
Free Cash Flow per Basic Share
720.92
626.71
615.56
761.69
870.39
787.46
742.72
914.8
604
-2.29
1,205.23
1,031.37
- -
- -
Dividend per Share
40
49.99
59.99
60.28
60
80.21
60.05
60.42
64.89
70.09
70.46
75.92
- -
- -
Book Value per Share
1,688.27
1,995
2,237.57
2,541.48
2,798.22
3,079.46
3,368.41
3,743.36
3,990.36
3,665.41
3,990.19
4,406.67
- -
4,093.14
Tangible Book Value per Share
1,881.17
2,487.73
2,548.88
2,922.89
3,227.41
3,397.82
3,623.07
3,965.91
4,388.31
4,178.26
4,779.15
5,504.55
- -
5,300
Basic Weighted Avg Shares
123
123
123
124
124
124
122
121
118
117
117
114
112
117
Sales/Revenue/Turnover
840,288
842,848
835,359
798,588
871,113
916,071
884,350
863,903
708,201
809,542
886,276
896,295
- -
467,721
Operating Margin (%)
8.38
7.76
7.23
7.92
7.48
7.21
6.9
7.36
6.59
0.55
6.37
8.67
- -
8.28
Depreciation Expense
42,906
45,172
46,924
46,977
46,500
44,498
48,952
52,736
56,064
64,465
66,346
60,916
- -
- -
Net Income, GAAP
35,223
44,114
36,404
47,597
38,525
43,452
39,151
46,800
28,971
-33,206
43,273
57,428
- -
29,655
Effective Tax Rate (%)
38.21
24.17
28.54
9.83
29.94
22.91
21.1
23.74
27.48
- -
24.74
21.19
- -
21.91
Profit Margin (%)
4.19
5.23
4.36
5.96
4.42
4.74
4.43
5.42
4.09
-4.1
4.88
6.41
- -
6.34
Working Capital
-70,544
-47,836
-12,311
23,985
-27,271
-8,083
4,731
22,502
30,782
44,624
62,185
17,377
- -
66,435
LT Debt
229,329
217,558
249,288
216,666
139,234
147,849
151,328
148,915
160,081
243,425
252,360
234,346
- -
209,635
Total Equity
273,310
347,487
357,071
400,034
432,327
450,645
473,241
506,818
544,798
528,852
596,386
676,124
- -
662,984
Return on Invested Capital (%)
5.91
6.48
5.55
7.39
6.03
6.77
6.34
6.31
4.22
- -
4.34
5.86
- -
3.01
Return on Capital (%)
5.6
6
5.55
7.25
5.58
6.33
5.6
6.29
3.7
- -
5.1
6.45
- -
3.51
Return on Common Equity (%)
18.31
19.5
14
16.13
11.65
11.96
9.88
10.83
6.28
-7.38
9.68
11.85
- -
6.45

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
142,916
- -
166,658
LT Borrowings
227,554
- -
209,635
LT Finance Leases
24,806
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
116
- -
116
Market Capitalization
405,726
464,061
409,470

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
430,289
- -
439,388
Cash, Cash Equivalents & STI
80,102
- -
80,820
Accounts Receivable, Net
167,849
- -
166,430
Inventories
123,178
- -
134,675
Total Current Liabilities
368,104
- -
372,953
Payables & Accruals
- -
- -
- -
ST Debt
142,916
- -
166,658
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
193,534
225,020
241,620
226,101
886,276
2025
- -
- -
- -
- -
896,295
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.12
- -
- -
- -
371.09
2025
- -
- -
- -
- -
502.48
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
70.46
2025
- -
- -
- -
- -
75.92
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yoshifumi Taura
Full Time Employees
12,540
Sector
Basic Materials
Industry
Construction Materials
Address
Bunkyo Garden Gate Tower Tokyo Japan 112-8503
IPO Date
Apr 6, 2011
Business
Taiheiyo Cement Corporation operates across diverse sectors, encompassing building materials, resource management, environmental solutions, and various ancillary services within Japan and on a global scale. Established in 1881, the company maintains its main office in Tokyo, Japan. Its Cement division provides a comprehensive array of products, including standard and specialized Portland cements, rapid-hardening formulations, temperature-controlled concrete for large structures, and blended varieties such as blast-furnace slag and fly-ash cements. This segment also offers soil stabilization agents like GEOSET, along with advanced materials like Ductal, an ultra-high-strength fiber-reinforced concrete, catering to a wide range of construction demands from large-scale infrastructure to residential projects. The Mineral Resources segment is involved in the quarrying and distribution of limestone aggregates for concrete and civil engineering applications, alongside materials like sandstone and andesite. Additionally, it processes and supplies chemical-grade products such as quicklime, slaked lime, silica, and specialty items including hollow ceramics (E-SPHERE), sepiolite, and kaolin, actively engaging in the repurposing of excavated earth. Within the Environmental business, the company provides extensive recycling services, transforming industrial and municipal refuse—including tires, plastics, paper sludge, waste casting sand, and sewage sludge—into valuable resources. The firm designs and implements advanced recycling technologies, such as the Ash Washing System and Ecocement System, and supplies materials for flue gas desulfurization. Recent initiatives underscore a strong commitment to sustainability, including the production of low-carbon blended cements and the development of CO2-absorbing concrete through CARBOFIX technology. The company also inaugurated a solar panel recycling business through its group company Nacode Corporation in September 2025, and it consistently receives high environmental ratings, recognized as a Supplier Engagement Leader by CDP. The Construction Materials sector manufactures a variety of precast concrete goods, including pedestrian pavers, interlocking blocks, and housing components. It also specializes in noise reduction acoustic panels and fire-resistant lining materials for tunnels and other structures. This segment continually innovates, exemplified by its subsidiary CalPortland's agreement in June 2024 to develop cement concrete with Solidia Technologies, and the October 2025 acquisition of ready-mixed concrete business assets from Vulcan Materials Company. Taiheiyo Cement's Other Businesses encompass a diverse portfolio, including real estate development for residential and commercial properties, leasing of various facilities, and provision of data processing, logistics, and engineering services. The corporation also manages chemical product ventures and sports-related operations. In August 2025, the company announced plans to acquire the remaining stake in Pacific Systems Corporation, reinforcing its capabilities in data processing and systems integration. Globally, Taiheiyo Cement maintains a significant presence across the Pan-Pacific region, including substantial operations on the West Coast of the United States and in Southeast Asian nations like Vietnam, the Philippines, Papua New Guinea, and Indonesia. These international ventures focus on infrastructure development, with recent enhancements such as the inauguration of a major cement production line in the Philippines in July 2024, aimed at boosting capacity and reducing environmental impact. The company is actively pursuing a Carbon Neutral Strategy 2050, demonstrating its dedication to decarbonization across its entire supply chain and developing innovative technologies for CO2 reduction and utilization.