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Taiheiyo Cement (5233) · InitiativeRevenue and profit growth through price pass-through despite lower sales volumes

Maximizing the Use of Limestone Resources Held and Expanding the Resources Business

First written in FY2016. 16 of 34 entries say "Restated". Latest entry: FY2026.

34entries
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ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY2018-Q3OtherFY2019-Q1 – FY2021RestatedFY2022-Q3 – FY2024-Q3OtherFY2025-H1 – FY20262016: 220162017: 420172018: 420182019: 420192020: 320202021: 320212022: 420222023: 420232024: 320242025: 220252026: 12026
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Maximizing the use of owned limestone resources and expanding the resources businessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2026Revenue and profit growth through price pass-through despite lower sales volumesAnnual report

    「Sales volumes declined in the aggregates and mineral products businesses. In the soil solutions business, work related mainly to the Hokkaido Shinkansen progressed smoothly, and sales volumes of solidifying and insolubilizing materials increased. Across the businesses, the pass-through of various cost increases to selling prices took hold. As a result, net sales were ¥90.855 billion, an increase of ¥2.608 billion from the previous fiscal year, and operating income was ¥10.045 billion, an increase of ¥429 million from the previous fiscal year.」

    While sales volumes of aggregates and mineral products declined, higher sales of solidifying and insolubilizing materials related to Hokkaido Shinkansen construction and the successful pass-through of cost increases to selling prices resulted in higher net sales and profit in the resources business.
  2. FY2026-H1Higher net sales and profit as sales volumes varied and price pass-through took holdAnnual report

    「Sales volumes in the aggregates business declined nationwide. In the mineral products business, sales volumes of limestone for overseas markets increased, while those for domestic markets declined. In the soil solutions business, work related mainly to the Hokkaido Shinkansen progressed smoothly, and sales volumes of solidifying and insolubilizing materials increased. Across the businesses, the pass-through of various cost increases to selling prices took hold. As a result, net sales were ¥45.303 billion, up ¥1.382 billion year on year, and operating income was ¥5.190 billion, up ¥368 million.」

    While sales volumes rose and fell depending on the product and region, price pass-through took hold, resulting in higher net sales and profit in the resources business.
  3. FY2025Higher net sales and profit as price pass-through took hold despite lower sales volumesAnnual report

    「Sales volumes in the aggregates business declined nationwide. Sales volumes of limestone for cement declined in the mineral products business. Sales volumes of solidifying and insolubilizing materials declined in the soil solutions business. Across the businesses, the pass-through of various cost increases to selling prices took hold.」

    Although sales volumes of major products declined, the pass-through of cost increases to selling prices took hold, resulting in higher net sales and profit in the resources business.
  4. FY2025-H1Higher net sales and profit as price pass-through took hold despite lower sales volumesAnnual report

    「Sales volumes in the aggregates business declined nationwide. Sales volumes of limestone for cement declined in the mineral products business. Sales volumes of solidifying and insolubilizing materials declined in the soil solutions business. Across the businesses, the pass-through of various cost increases to selling prices took hold. As a result, net sales were ¥43.920 billion, up ¥1.016 billion year on year, and operating income was ¥4.822 billion, up ¥733 million.」

    Sales volumes of aggregates, limestone for cement and solidifying and insolubilizing materials declined, while the pass-through of cost increases to selling prices took hold, resulting in higher net sales and profit in the resources business.
  5. FY2024RaisedAnnual report

    「We will vigorously pursue resource policies with a medium- to long-term perspective, including strengthening existing core businesses and building a system for the long-term, stable supply of resources, and establish an earnings structure that is not affected by fluctuations in cement demand.」

    In addition to utilizing held resources and ensuring stable supply, the company explicitly identified establishing an earnings structure unaffected by fluctuations in cement demand as a goal.
  6. FY2024-Q3RestatedAnnual report

    「Sales volumes in the aggregates business declined in the Tohoku region, but sales remained solid in Hokkaido and Kansai. Sales volumes of limestone for overseas steelmakers declined in the mineral products business. In the soil solutions business, sales volumes of solidifying and insolubilizing materials fell below the same period of the previous year. Across the businesses, the pass-through of various cost increases to selling prices took hold.」

    While sales volumes declined by region and product, the pass-through of various cost increases to selling prices took hold, and the resources business posted higher net sales and profit.
  7. FY2024-Q2RestatedAnnual report

    「Sales volumes in the aggregates business declined in the Tohoku and Kanto regions, but sales remained solid in Hokkaido, Kansai and Chubu. Sales volumes of limestone for overseas steelmakers declined in the mineral products business. In the soil solutions business, sales volumes of solidifying and insolubilizing materials fell below the same period of the previous year, but accepted volumes of construction surplus soil remained solid. Across the businesses, the pass-through of various cost increases to selling prices took hold.」

    While sales volumes rose and fell depending on the region and product, acceptance of construction surplus soil remained solid and the pass-through of various cost increases to selling prices took hold. The resources business posted higher net sales and profit.
  8. FY2024-Q1RestatedAnnual report

    「Across the businesses, the pass-through of various cost increases to selling prices took hold. As a result, net sales were ¥21.606 billion, up ¥1.675 billion year on year, and operating income was ¥1.993 billion, up ¥544 million.」

    In the resources business, the pass-through of various cost increases to selling prices took hold, and both net sales and operating income exceeded the same period of the previous year. The direction of using held resources and expanding earnings continued.
  9. FY2023RestatedAnnual report

    「We will build a foundation for the long-term, stable supply of the abundant resources we hold, including limestone; leverage the Group's collective capabilities to expand earnings from existing core businesses; and focus on developing new businesses that enable sustainable growth.」

    The resources business continued to pursue long-term, stable supply of its resources, earnings growth in existing core businesses, and development of new businesses.
  10. FY2023-Q3RestatedAnnual report

    「Sales in the aggregates business remained solid, particularly in the Kanto and Chubu regions. Limestone sales volumes to steelmakers declined in the mineral products business. Accepted volumes of construction-generated soil in the soil solutions business fell below the same period of the previous year. Across the businesses, efforts were made to pass various cost increases through to selling prices, but the businesses were affected by these increases. As a result, net sales were ¥62.402 billion, up ¥4.565 billion year on year, and operating income was ¥4.491 billion, down ¥220 million.」

    Aggregate sales were solid, while limestone sales to steelmakers and accepted volumes of construction-generated soil fell below the same period of the previous year. The businesses continued to be affected by cost increases while passing them through to selling prices.
  11. FY2023-Q2RestatedAnnual report

    「Sales in the aggregates business remained solid, particularly in the Kanto and Chubu regions. Limestone sales volumes to steelmakers declined in the mineral products business. Accepted volumes of construction-generated soil in the soil solutions business fell below the same period of the previous year. Across the businesses, efforts were made to pass various cost increases through to selling prices, but the businesses were affected by these increases. As a result, net sales were ¥39.763 billion, up ¥2.548 billion year on year, and operating income was ¥2.710 billion, up ¥77 million.」

    Aggregate sales were solid, while limestone sales to steelmakers and accepted volumes of construction-generated soil declined, and efforts to pass cost increases through to selling prices continued.
  12. FY2023-Q1Resources business saw both price pass-through and lower sales volumesAnnual report

    「Sales in the aggregates business remained solid, particularly in the Kanto region. Although limestone sales volumes to domestic steelmakers declined in the mineral products business, some of the increases in various costs were being passed through to selling prices. Accepted volumes of construction-generated soil in the soil solutions business fell below the same period of the previous year. As a result, net sales were ¥19.930 billion, up ¥1.559 billion year on year, and operating income was ¥1.449 billion, up ¥105 million.」

    Aggregate sales were solid, while limestone sales to steelmakers and accepted volumes of construction-generated soil declined. Some of the cost increases were successfully passed through to selling prices, resulting in higher net sales and profit in the resources business.
  13. FY2022Higher limestone sales to steelmakers and construction-generated soil acceptance, but lower operating incomeAnnual report

    「In addition to an increase in limestone sales volumes to steelmakers in the mineral products business, the soil solutions business also accepted more construction-generated soil than in the previous fiscal year.」

    Although limestone sales volumes to steelmakers and accepted volumes of construction-generated soil exceeded the previous fiscal year, the resources business posted higher net sales while operating income was ¥6.034 billion, down ¥36 million from the previous fiscal year.
  14. FY2022-Q3Higher limestone sales to steelmakers and construction-generated soil acceptance, but lower profitAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the same period of the previous year. In addition to an increase in limestone sales volumes to steelmakers in the mineral products business, the soil solutions business also accepted more construction-generated soil than in the same period of the previous year. The application of the revenue recognition accounting standard and related standards reduced net sales by ¥1.423 billion. As a result, net sales were ¥57.837 billion, up ¥437 million year on year, and operating income was ¥4.712 billion, down ¥178 million year on year.」

    Aggregate sales declined in the Kanto and Tohoku regions, while limestone sales volumes to steelmakers and accepted volumes of construction-generated soil exceeded the same period of the previous year. The resources business posted higher net sales but lower operating income.
  15. FY2022-Q1AdvancedAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the same period of the previous year. In addition to an increase in limestone sales volumes to steelmakers in the mineral products business, the soil solutions business also accepted more construction-generated soil than in the same period of the previous year. The application of the revenue recognition accounting standard and related standards reduced net sales by ¥690 million. As a result, net sales were ¥18.370 billion, up ¥162 million year on year, and operating income was ¥1.344 billion, up ¥264 million.」

    Although aggregate sales declined in the Kanto and Tohoku regions, limestone sales volumes to steelmakers and accepted volumes of construction-generated soil exceeded the same period of the previous year, resulting in higher net sales and profit in the resources business.
  16. FY2021RestatedAnnual report

    「We will build a foundation for the long-term, stable supply of the abundant resources we hold, including limestone; leverage the Group's collective capabilities to expand earnings from existing core businesses; and focus on developing new businesses that enable sustainable growth.」

    The resources business continued to pursue long-term, stable supply of its resources, earnings growth in existing core businesses, and development of new businesses.
  17. FY2021-Q3Continued weakness in aggregates and limestone shipments to steelmakersAnnual report

    「The aggregates business saw sales volumes decline in the Kanto region compared with the same period of the previous year. Shipments of limestone for steelmakers in the mineral products business remained weak. As a result, net sales were ¥57.4 billion, down ¥3.278 billion year on year, and operating income was ¥4.891 billion, down ¥635 million.」

    Weak aggregate sales volumes in the Kanto region and limestone shipments to steelmakers resulted in lower net sales and profit in the resources business year on year.
  18. FY2021-Q1Weak aggregates and limestone shipments to steelmakersAnnual report

    「The aggregates business saw sales volumes decline in the Kanto region compared with the same period of the previous year. Shipments of limestone for steelmakers in the mineral products business remained weak. Solidifying and insolubilizing materials in the soil solutions business remained solid.」

    Aggregate sales volumes in the Kanto region and limestone shipments to steelmakers were weak, resulting in lower net sales and profit in the resources segment. Meanwhile, the soil solutions business was solid.
  19. FY2020Lower net sales and profit due to weak aggregates and limestoneAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the previous fiscal year, as demand related to the Tokyo Olympic and Paralympic Games and reconstruction demand following the Great East Japan Earthquake ended. Shipments of limestone for domestic steelmakers in the mineral products business remained weak. Solidifying and insolubilizing materials in the soil solutions business remained solid. As a result, net sales were ¥80.147 billion, down ¥4.114 billion year on year, and operating income was ¥7.179 billion, down ¥1.063 billion.」

    In the resources business, aggregate sales volumes and shipments of limestone to domestic steelmakers were weak. The soil solutions business was solid, but full-year net sales and profit declined.
  20. FY2020-Q3Lower net sales and profit due to weak aggregates and limestoneAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the same period of the previous year, as demand related to the Tokyo Olympic and Paralympic Games and reconstruction demand following the Great East Japan Earthquake peaked out. Limestone in the mineral products business remained weak. Solidifying and insolubilizing materials in the soil solutions business remained solid. As a result, net sales were ¥60.678 billion, down ¥3.1 billion year on year, and operating income was ¥5.526 billion, down ¥721 million.」

    In the resources business, aggregate sales volumes declined as demand related to the Tokyo Games and earthquake reconstruction peaked out, while limestone was also weak. The soil solutions business was solid, but overall net sales and profit declined.
  21. FY2020-Q2Continued decline in aggregate sales volumes and profitAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the same period of the previous year, as demand related to the Tokyo Olympic and Paralympic Games and reconstruction demand following the Great East Japan Earthquake peaked out. Net sales were ¥39.461 billion, down ¥1.082 billion year on year, and operating income was ¥3.230 billion, down ¥453 million.」

    As demand related to the Tokyo Games and earthquake reconstruction peaked out, aggregate sales volumes declined in the Kanto and Tohoku regions, resulting in lower net sales and operating income in the resources business.
  22. FY2020-Q1Lower aggregate sales volumes and lower profitAnnual report

    「The aggregates business saw sales volumes decline in the Kanto and Tohoku regions compared with the same period of the previous year. As a result, net sales were ¥19.721 billion, down ¥829 million year on year, and operating income was ¥1.533 billion, down ¥297 million.」

    In the resources business, aggregate sales volumes declined in the Kanto and Tohoku regions, and net sales and operating income were below the same period of the previous year.
  23. FY2019RestatedAnnual report

    「The aggregates business saw demand for redevelopment projects, mainly in the Tokyo metropolitan area, and demand related to the Tokyo Olympic and Paralympic Games gather pace, while reconstruction demand in the Tohoku region moved toward completion. The mineral products and soil solutions businesses also remained solid.」

    The end of reconstruction demand coincided with the full-scale emergence of redevelopment and Tokyo Games demand, while the mineral products and soil solutions businesses were also solid.
  24. FY2019-Q3RestatedAnnual report

    「In the aggregates business, recovery and reconstruction projects in the Tohoku region were approaching their end, while redevelopment projects, mainly in the Tokyo metropolitan area, and demand related to the Tokyo Olympic and Paralympic Games gained momentum. The mineral products and soil solutions businesses also performed steadily. As a result, revenue rose to ¥63,778 million, up ¥2,014 million year on year, while operating profit rose to ¥6,248 million, up ¥144 million.」

    While recovery and reconstruction demand was approaching its end, demand related to redevelopment and the Tokyo Olympic Games gained momentum, and the mineral products and soil solutions businesses were also described as performing steadily. The resources business achieved revenue and profit growth.
  25. FY2019-Q2RestatedAnnual report

    「In the aggregates business, recovery and reconstruction demand in the Tohoku region was approaching its end, while demand related to the Tokyo Olympic and Paralympic Games gained momentum. The mineral products and construction soil treatment businesses also performed steadily.」

    While recovery and reconstruction demand was approaching its end, demand related to the Tokyo Olympic and Paralympic Games gained momentum, and the mineral products and construction soil treatment businesses were also described as performing steadily.
  26. FY2019-Q1RestatedAnnual report

    「Demand for aggregates in the Tohoku region was approaching the end of recovery and reconstruction projects, but demand related to the Olympic and Paralympic Games began to emerge. The mineral products and soil solutions businesses also performed steadily.」

    Conditions in the aggregates, mineral products and soil solutions businesses were described, but no new measures related to utilizing owned resources or expanding the resources business were identified.
  27. FY2018RaisedAnnual report

    「We will lay the foundation for sustainable growth through a medium- to long-term resources policy and establish a robust system for stable resource supply. We will also make maximum use of the abundant resources held by the Group to expand earnings from existing businesses. In addition, we will focus on developing future businesses and aim to build an overseas resources business.」

    In addition to maximizing the use of owned resources and expanding existing businesses, the Company explicitly identified establishing a stable resource supply system and building an overseas resources business, expanding the scope of its initiatives.
  28. FY2018-Q3RestatedAnnual report

    「The aggregates and mineral products businesses performed steadily, and revenue rose to ¥61,763 million, up ¥1,871 million year on year, while operating profit rose to ¥6,104 million, up ¥67 million, reflecting sales volumes above the previous year's level and other factors.」

    Sales volumes in the aggregates and mineral products businesses exceeded the previous year's levels, resulting in revenue and profit growth. No new milestone or change in measures was identified regarding the policy of utilizing owned resources.
  29. FY2018-Q2RestatedAnnual report

    「Shipments of limestone and other products for overseas markets increased in the mineral products business, and sales volumes exceeded those of the same period a year earlier. The volume accepted by the construction soil treatment business also exceeded that of the same period a year earlier.」

    Shipments of limestone and other products for overseas markets, mineral products sales volumes, and volumes accepted for construction soil treatment all exceeded the same period a year earlier, but no new milestone was identified for the policy of utilizing owned resources.
  30. FY2018-Q1RestatedAnnual report

    「Although demand for aggregates remained sluggish, mineral products sales performed well. Revenue rose to ¥20,146 million, up ¥1,215 million year on year, while operating profit rose to ¥1,668 million, up ¥263 million.」

    While demand for aggregates remained sluggish, strong mineral products sales and revenue and profit growth were reported. No new milestone was identified for the policy of utilizing owned resources.
  31. FY2017RestatedAnnual report

    「We will pursue sustainable growth by making maximum use of our limestone and other owned resources, expanding our existing businesses, and developing future businesses.」

    The policy of using owned limestone and other resources to expand existing businesses and develop future businesses remains in place.
  32. FY2017-Q3RestatedAnnual report

    「Although sales of aggregates and mineral products remained weak, revenue rose to ¥59,892 million, down ¥9,683 million year on year, while operating profit rose to ¥6,036 million, up ¥552 million.」

    Improved profitability through logistics efficiency and other measures continued to be reported. No new measures or further milestones were identified from the previous quarter.
  33. FY2017-Q2AdvancedAnnual report

    「Although demand for aggregates remained sluggish except in the Tohoku, Shikoku and Kyushu regions, the aggregates business performed steadily as profitability improved through logistics efficiency and other measures. In the mineral products business, shipments of limestone for the steel industry and other products increased, and sales volumes exceeded those of the same period a year earlier.」

    Improved profitability through logistics efficiency and increased sales volumes of mineral products, including limestone, were identified, indicating concrete progress in utilizing and expanding the resources business.
  34. FY2016First statedAnnual report

    「We will pursue sustainable growth by making maximum use of our limestone and other owned resources, expanding our existing businesses, and developing future businesses.」

    The Company intends to link its owned resources to the expansion of existing businesses and the development of future businesses.
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Maximizing the Use of Limestone Resources Held and Expanding the Resources Business | TAIHEIYO CEMENT CORPORATION (5233) | Komori