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News Taiheiyo Cement reports 2024 first quarter financial results

Taiheiyo Cement reports 2024 first quarter financial results

Written by Global Cement staff 14 May 2024
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Japan: Taiheiyo Cement recorded a profit of US$276m for the financial year ending March 2024, following a loss of US$212m in 2023. Sales significantly increased to US$5.7bn. Domestic demand for cement is stable due to urban redevelopment projects and the construction of new logistics facilities. On the other hand, rising costs and delays to construction work and longer construction periods due to a shortage of workers resulted in output declining by 7.3% year-on-year to 34.6Mt.

Looking ahead to the 2025 financial year, Taiheiyo Cement expects a 43% year-on-year rise in net profit to US$396m and anticipates sales to grow by 8.3% year-on-year to US$6.1bn.

Last modified on 14 May 2024
Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Results
  • GCW659
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