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TAIHEIYO CEMENT, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 10% Decrease

Tue Nov 11, 2025 2:30 pm JST Earnings

5233 TAIHEIYO CEMENT CORPORATION 【J-GAAP】

Earnings Report

TAIHEIYO CEMENT CORPORATION <5233> [TSE Prime] announced its financial results in the afternoon session on November 11th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 6.9% from the same period last year to 32.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 18.1%, from the previous forecast of 83.0 billion yen to 68.0 billion yen (compared to 75.3 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 9.8% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 12.4% from the same period last year to 35.0 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 22.9 billion yen, a 2.8% decrease compared to the same period last year. The operating profit margin decreased from 10.8% in the same period last year to 10.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 418,555 17,752 20,116 13,617 116.3 33.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 443,676 36,389 35,371 30,192 261.2 46.9 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 438,141 32,853 32,946 24,485 219.7 48.4 Nov 11, 2025 J-GAAP
YoY -1.2% -9.7% -6.9% -18.9% -15.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 455,000 29,000 28,000 21,500 192.9 50 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 438,141 32,853 32,946 24,485 219.7 50 Nov 11, 2025 J-GAAP
Revision Rate -3.7% +13.3% +17.7% +13.9% +13.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 950,000 85,000 83,000 60,000 538.2 100 May 13, 2025 J-GAAP
Mar, 2026 New 906,000 70,000 68,000 45,000 403.7 100 Nov 11, 2025 J-GAAP
Revision Rate -4.6% -17.6% -18.1% -25.0% -25.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 452,619 41,361 40,003 27,236 238.3 40 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 467,859 37,147 35,054 20,515 184.0 50 Nov 11, 2025 J-GAAP
YoY +3.4% -10.2% -12.4% -24.7% -22.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 886,276 56,470 59,473 43,273 371.1 70 May 14, 2024 J-GAAP
Mar, 2025 896,295 77,750 75,374 57,428 502.5 80 May 13, 2025 J-GAAP
Mar, 2026 Guidance 906,000 70,000 68,000 45,000 403.7 100 Nov 11, 2025 J-GAAP
YoY +1.1% -10.0% -9.8% -21.6% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 234,824 25,341 23,610 16,664 144.2 10.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 238,197 27,814 29,838 22,204 193.0 11.7 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 214,422 13,547 10,165 5,032 44.0 6.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 211,191 10,061 9,994 6,822 61.2 4.8 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 226,950 22,792 22,952 17,663 158.5 10.0 Nov 11, 2025 J-GAAP
YoY -3.4% -10.1% -2.8% +6.0% +9.9%

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