Integration of the cement and related businesses with Mitsubishi Materials
First written in FY2021-Q2. 4 of 13 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
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- FY2026-H1Decline in equity-method investment incomeAnnual report
「Although price revisions implemented from April 2025 had an effect in the domestic cement business, equity-method investment income from the cement-related businesses declined due to scheduled biennial maintenance at an IPP power plant in the Environmental and Energy business and a decline in ready-mixed concrete sales volumes in the overseas, particularly North American, market.」
For the equity-method affiliate following the integration of the cement business, the effects of price revisions continued, but investment income declined due to scheduled maintenance and lower sales volumes in North America. - FY2025-H1AdvancedAnnual report
「Although cement sales volumes declined in both the domestic and overseas, particularly North American, markets, price revisions implemented in the previous consolidated fiscal year contributed to an increase in equity-method investment income from the cement-related businesses.」
For the equity-method affiliate following the integration of the cement business, equity-method investment income exceeded the year-earlier period due to the effects of price revisions, and earnings improvement following the integration progressed. - FY2024MitigatedAnnual report
「As a result, the earnings of the cement-related businesses improved significantly.」
The equity-method investment losses that had arisen following the business integration improved to equity-method investment income of ¥10,210 million in fiscal 2024. - FY2024-Q3MitigatedAnnual report
「In the domestic market, cement sales volumes declined, but selling prices were revised to reflect soaring energy prices, including coal prices, and costs were improved. In overseas markets, particularly North America, shipments of ready-mixed concrete that had been delayed by adverse weather conditions in the fourth quarter of the previous fiscal year took place, and profitability improved as selling prices also rose. As a result, the earnings of the cement-related businesses improved significantly.」
The earnings impact of the equity-method investment losses that had arisen following the integration of the cement and related businesses improved significantly due to price revisions, cost improvements, and the recovery of shipments and higher prices in North America. - FY2024-Q2MitigatedAnnual report
「In the domestic market, cement sales volume declined, but the company corrected sales prices to reflect soaring energy prices, including coal, and improved costs. In the overseas market, particularly North America, shipments of ready-mixed concrete that had been delayed by adverse weather in the fourth quarter of the previous fiscal year resumed, and profitability improved as sales prices also increased. As a result, the cement-related business’s earnings improved significantly. Equity-method investment income related to this business increased by ¥19.561 billion from the cumulative consolidated period for the same quarter of the previous year to ¥6.874 billion.」
The equity-method investment losses that had arisen following the integration of the cement and related businesses improved to investment income of ¥6,874 million on a cumulative basis for the current quarter, due to price revisions, cost improvements and the recovery of shipments in North America. - FY2024-Q1MitigatedAnnual report
「In the domestic market, cement sales volume declined, but the company corrected sales prices and improved costs in response to soaring energy prices, including coal. In the overseas market, particularly North America, ready-mixed concrete shipments that had been delayed by adverse weather in the fourth quarter of the previous fiscal year recovered, and profitability improved as sales prices also increased. As a result, equity-method investment income related to this business increased by ¥6.595 billion from the cumulative consolidated period for the same quarter of the previous year to ¥2.398 billion.」
The equity-method investment losses that had expanded following the integration of the cement and related businesses improved to investment income in the current quarter due to price revisions, cost improvements and the recovery of shipments in North America. - FY2023Expansion of losses following the integrationAnnual report
「Ordinary profit and net income attributable to owners of the parent fell below the previous consolidated fiscal year and turned into losses, due not only to the decline in operating profit but also to a significant deterioration in equity-method investment income or loss as the cement-related businesses were affected by soaring coal prices.」
Although the integration and transfer of the cement and related businesses itself was completed, equity-method investment income or loss deteriorated significantly due to soaring coal prices, bringing the financial impact of the integration to the fore. - FY2023-Q3Recognition of equity-method investment losses following the integrationAnnual report
「As a result, the equity-method investment loss related to this business was ¥15.786 billion.」
For UBE Mitsubishi Cement, which became an equity-method affiliate following the integration of the cement and related businesses, an equity-method investment loss of ¥15,786 million was recognised due to the impact of soaring coal prices. - FY2023-Q2AdvancedAnnual report
「During the first quarter of the current consolidated fiscal year, UBE Mitsubishi Cement Co., Ltd., an equity-method affiliate, absorbed Ube Mitsubishi Cement Co., Ltd., which had been an equity-method affiliate.」
It was disclosed that, following the integration of the cement and related businesses, UBE Mitsubishi Cement absorbed the former Ube Mitsubishi Cement, further clarifying the post-integration corporate and business structure. - FY2023-Q1AchievedAnnual report
「Based on this, on 1 April 2022, the two companies transferred the cement business and its related businesses and other operations to UBE Mitsubishi Cement.」
The planned transfer of the business took place on 1 April 2022 as part of the integration of the cement and related businesses with Mitsubishi Materials. The cement-related businesses are treated as equity-method affiliates and have not been included in consolidated revenue or other consolidated figures since the current quarter. - FY2022-Q1AdvancedAnnual report
「At a board meeting held on 12 May 2021, the Company formally approved the absorption-type company split agreement for the integration (the “Absorption-Type Company Split Agreement”), and entered into the agreement with C Integration Preparation Co., Ltd. on 14 May 2021. Subsequently, the integration was approved at the respective annual general meetings of shareholders held by the Company on 29 June 2021 and by Mitsubishi Materials on 24 June 2021.」
The integration of the cement and related businesses with Mitsubishi Materials progressed through the establishment of the preparation company on 14 April 2021, execution of the absorption-type company split agreement on 14 May, and approval at the two companies’ general meetings of shareholders in June. - FY2021AdvancedAnnual report
「14 April 2021 Establishment of the new company 14 May 2021 Execution of the absorption-type company split agreement by the two companies 29 June 2021 Approval of the integration at the Company’s annual general meeting of shareholders April 2022 (scheduled) Effective date of the integration」
The integration of the cement and related businesses with Mitsubishi Materials progressed through the establishment of the new company, execution of the absorption-type company split agreement, and shareholder approval, with the effective date scheduled for April 2022. - FY2021-Q2First statedAnnual report
「The two companies formally approved the integration at their respective board meetings held on 29 September 2020 and entered into an integration agreement on the same date. The integration will be implemented through the establishment of a company for the integration, jointly capitalised 50-50 by the two companies; an absorption-type company split under which the Company’s target businesses and Mitsubishi Materials’ target businesses, including shares in subsidiaries and other companies engaged in those businesses, will be transferred to the new company; and an absorption-type merger in which the new company will be the surviving company and Ube Mitsubishi Cement will be the absorbed company. April 2022 (scheduled): Effective date of the integration」
Following the basic agreement reached in February 2020, the two companies formally approved the integration and entered into an integration agreement on 29 September 2020. A new company, owned 50% by each company, will cover domestic and overseas cement, ready-mixed concrete, limestone resources, energy and environmental businesses, construction materials and other operations, with the integration scheduled for April 2022.