Taiheiyo Cement Corporation

Taiheiyo Cement Corporation

THYCY
Taiheiyo Cement CorporationUS flagOther OTC
6.96
USD
- -
- -
3.11BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,521.66
1,710.13
1,715.01
1,699.84
1,610.34
1,760.28
1,853.78
1,806.42
1,789.58
1,502.13
1,728.98
1,900.07
1,960.59
995.39
Basic EPS, GAAP
23.06
71.68
89.76
74.08
95.98
77.85
87.93
79.97
96.95
61.45
-70.92
92.77
125.62
63.11
Free Cash Flow per Basic Share
125.18
180.23
156.68
153.89
190.42
217.6
196.86
185.68
228.7
151
-0.57
301.31
257.84
- -
Dividend per Share
10
10
12.5
15
15.07
15
20.05
15.01
15.11
16.22
17.52
17.61
18.98
- -
Book Value per Share
360.96
422.07
498.75
559.39
635.37
699.55
769.86
842.1
935.84
997.59
916.35
997.55
1,101.67
1,023.29
Tangible Book Value per Share
362.79
470.29
621.93
637.22
730.72
806.85
849.45
905.77
991.48
1,097.08
1,044.56
1,194.79
1,376.14
1,325
Basic Weighted Avg Shares
491
491
491
491
496
495
494
490
483
471
468
466
457
470
Sales/Revenue/Turnover
747,616
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 (%)
5.44
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
41,426
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
11,329
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 (%)
54.35
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 (%)
1.52
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
-131,885
-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
205,125
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
219,825
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 (%)
2.56
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 (%)
2.04
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 (%)
6.5
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
388,742
460,894
351,215

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
6.99%
7.56%
13.37%
Free Cash Flow
-5,265.11%
-10,534.4%
-16.13%
Net Income, GAAP
-43.37%
-86.16%
32.71%
Sales/Revenue/Turnover
1.01%
0.92%
1.13%
Total Cash Common Dividend
4.55%
3.42%
5.61%

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
0.78
- -
- -
- -
92.77
2025
- -
- -
- -
- -
125.62
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17.61
2025
- -
- -
- -
- -
18.98
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 22, 2009
Business
Taiheiyo Cement Corporation engages in the manufacturing and sale of cement, ready-mixed concrete, aggregates, and various construction materials, serving both domestic and international markets including Japan, the United States, and Southeast Asia. The company’s product portfolio includes ordinary Portland cement, cement-based soil stabilizers, premix products, concrete admixtures, autoclaved lightweight concrete (ALC), interlocking blocks, and materials for ground improvement, repair, and renovation projects. It operates multiple production plants and distribution terminals across Japan, the United States, and Asia, maintaining a stable supply network through quarry development and a robust Pacific Rim supply chain. Founded in 1949 and headquartered in Tokyo, Taiheiyo Cement has expanded its global footprint with key manufacturing locations including four plants on the U.S. West Coast and facilities in Vietnam, the Philippines, and Papua New Guinea. In recent strategic developments, Taiheiyo Cement has significantly increased its presence in the U.S. ready-mixed concrete market through the acquisition of 41 ready-mixed concrete plants and related assets in California from Vulcan Materials Company for $712 million, finalized in December 2025. This deal enhances the company’s operational scale in Northern California’s San Francisco Bay Area and Southern California’s San Diego region, supporting growing demand driven by infrastructure development, housing, and data center construction. Taiheiyo Cement continues to invest heavily in research and development to advance eco-friendly cement solutions, including a new line of low-carbon cement reducing production emissions by 30%. The company also pursues digital transformation initiatives that have improved operational efficiency by 18% in the past year. Its recent medium-term management plan emphasizes expanding existing business, developing carbon-neutral technologies, and strengthening supply chains primarily focused in the U.S. and Asia-Pacific regions. Taiheiyo Cement reported a record revenue of approximately ¥1.1 trillion (around $8 billion) and a net profit of ¥120 billion (about $850 million) for the fiscal year ending March 2024, underscoring its leadership and growth in the global cement industry. The company operates through eight group companies focused on cement production and construction materials manufacturing, and actively supports national resilience with products used in embankments, seawalls, underground facilities, and recycling initiatives. Taiheiyo Cement also holds substantial limestone quarry assets across Japan, the U.S., and Asia, securing essential raw materials for its production processes. Its diverse customer base spans residential, commercial, infrastructure, and civil engineering sectors, aiming to meet various user needs and promote sustainable building practices globally. Taiheiyo Cement Corporation leverages a century-long industry heritage and innovative capabilities to maintain a stable supply system and expand its market share, currently ranking fourth among the world’s largest cement producers, with strategic investments exceeding ¥30 billion planned over the next three years to bolster production and business growth in key international markets. Its comprehensive approach encompasses environmental responsibility, technological innovation, and strategic asset acquisition to support sustainable and profitable operations.