Strengthening Denka’s Domestic Revenue Base Through the Acquisition of a Cement Sales Business
First written in FY2023-Q2. 3 of 8 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-10-01.
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- 2026-10-01Achievedwww.nikkei.com
「Taiheiyo Cement: Notice regarding the commencement of operations by トクヤマ太平洋株式会社」
The commencement of operations by トクヤマ太平洋株式会社 was stated in the title of the timely disclosure, indicating that the commencement of operations following the previously planned absorption-type company split, acquisition of shares and conversion into a wholly owned subsidiary has reached the implementation stage. - FY2024-Q3RestatedAnnual report
「Under these conditions, domestic cement sales volumes for our group increased from April this year following the acquisition of the cement sales business from Denka Company Limited. However, due to the significant decline in domestic demand, volumes including contract sales decreased 0.9% year on year to 10 million tonnes.」
The increase in domestic sales volumes continued from April following the acquisition of Denka Company Limited's cement sales business. However, due to the decline in domestic demand, total sales volumes decreased 0.9% year on year. - FY2024-Q2AdvancedAnnual report
「Against this backdrop, domestic cement sales volume in the Company group increased from April following the acquisition of the cement sales business from Denka Company Limited. However, owing to a substantial decline in domestic demand, sales volume, including contract sales, decreased 1.2% year on year to 6.48 million tonnes.」
Following the acquisition of Denka Company Limited's cement sales business, domestic sales volumes for our group increased from April. However, due to the decline in domestic demand, total volumes, including contract sales, decreased 1.2% year on year. - FY2023AchievedAnnual report
「As the growth strategies of both companies aligned, with the Company seeking to strengthen the earnings base of its domestic business and Denka Company Limited (hereinafter, “Denka”) seeking to shift management resources to specialty fields, the Company acquired the shares of a wholly owned subsidiary newly established by Denka and other shares, thereby acquiring Denka’s cement sales business.」
The acquisition of Denka’s cement sales business was completed on 31 March 2023, executing the acquisition of a business to strengthen the earnings base of the domestic business. The purchase consideration was ¥3.463 billion, and the acquired business’s results will be reflected from the following fiscal year. - FY2023-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 25 October 2022, the Company decided to acquire all shares of a wholly owned subsidiary newly established by Denka Company Limited (hereinafter, “Denka”) to succeed to Denka’s cement sales business, and on the same date entered into a share transfer agreement with Denka.」
As part of the 23 Medium-Term Management Plan’s initiatives to strengthen the earnings base and invest for growth, the Company decided to acquire all shares of the subsidiary succeeding to Denka’s cement sales business and entered into an agreement. Revenue from the acquired business was ¥11.347 billion in the fiscal year ended March 2022, and the share transfer was scheduled to take place on 31 March 2023, subject to obtaining the required permits and approvals.