Latest Tokyo Brief coverage on TAIHEIYO CEMENT CORPORATION, tracking filings, financial news, and market signals from Japan.
TSE:5233
The T. Rowe Price group's combined stake in Taiheiyo Cement is 7.32%, the same as in its prior report; the amended filing was triggered by a change in material contracts covering shares lent to five banks.
Tokuyama expects a ¥30.5bn special gain and a separate ¥12bn impairment loss from selling its domestic cement sales business, and is still working out whether its full-year forecast changes.
Higher manufacturing costs and weaker sales volumes crushed operating profit in Tokuyama's core chemicals business by 81% in the quarter to June, yet the group is still lifting its dividend for a fourth straight year.
Current holdings disclosed by tracked funds.