Taiheiyo Cement (5233) · RiskMaterialisedLatest Earnings presentation (2026-08-06): "Mitigated"
Impairment in Philippine Cement Business Due to Rising Interest Rates and Stagnant Demand
First written in FY2026. 1 of 2 entries say "Materialised", first in FY2026. Latest entry: 2026-08-06.
2entries
1years
1from disclosures
How it moved
Same theme, other companies
Impairment Losses on Assets Used in Overseas BusinessesA theme 39 companies write about · 40 as a headwind · 0 as a tailwind
The whole theme swung hardest in 2020: 13 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 39 companies compared. The sentences above are computed from all 39.Full recordFilings, disclosures and news, newest first
- 2026-08-06MitigatedEarnings presentation
「(Philippines) Earnings are expected to improve as a result of improved selling prices, thorough cost-reduction initiatives and lower depreciation expenses.」
In the Philippines business, first-quarter operating profit improved from a ¥1.0 billion loss in the same quarter of the previous year to a ¥100 million profit, and full-year earnings were also expected to improve through better selling prices, cost reductions and other measures. The materials did not state that impairment risk had been eliminated. - FY2026MaterialisedAnnual report
「The company determined that there were indications of impairment in the fixed assets owned by TCPI and conducted an impairment test. As a result, it recognised an impairment loss of ¥24,473 million in the current consolidated fiscal year.」
Higher interest rates and stagnant demand following the impact of COVID-19 were expected to make improving the earnings structure of the Philippine subsidiary take longer than anticipated, and an impairment loss on fixed assets of ¥24,473 million was actually recognised.