Tokuyama completed the sale of its domestic cement and solidification-materials sales business to Taiheiyo Cement on 1 October 2026, and expects two separate special items from it: a gain of about ¥30.5bn and an impairment loss of about ¥12bn.
What changed hands
The business went with the shares of some consolidated subsidiaries. Tokuyama moved both into a wholly owned subsidiary through a simplified absorption-type company split, then sold all of that company's issued shares to Taiheiyo Cement. The plan was announced on 25 March 2026 and updated on 24 July 2026.
Tokuyama now holds no shares in the company and 0.0% of its voting rights. The release says the subsidiary is to be renamed on the same date, after the share transfer.
The accounting is not the price
Tokuyama said it started from the previously disclosed transfer price of ¥37bn, then weighed the consolidated book value, related costs and other factors. That produced the roughly ¥30.5bn special gain and the roughly ¥12bn special loss, both expected in the consolidated results for the third quarter of the year to March 2027.
The two items are reported separately, and the company gives no net figure. The release does not say which assets are being impaired.
Tokuyama calls the gain and loss amounts estimates that may change as its closing procedures proceed. It is still examining how the items affect its full-year consolidated forecast and says it will announce any revision promptly.