Taiheiyo Cement Raises Full-Year Net Profit Forecast 31% on Land Sale
Taiheiyo Cement Corporation (TSE:5233) has revised upward its earnings forecast for the fiscal year ending March 2027, driven by a one-time gain from the sale of idle real estate in Tokyo’s Tsukiji district.
| Item | Before | After | Change | Change % |
|---|---|---|---|---|
| H2 FY2027 (Interim) | ||||
| Revenue | 470,000M | 470,000M | — | 0.0% |
| Operating Profit | 27,000M | 27,000M | — | 0.0% |
| Ordinary Income | 25,500M | 25,500M | — | 0.0% |
| Net Profit | 14,000M | 34,000M | +20,000M | +142.9% |
| EPS | 125.44 | 310.40 | +184.96 | +147.4% |
| Full FY2027 | ||||
| Revenue | 1,027,000M | 1,027,000M | — | 0.0% |
| Operating Profit | 76,000M | 76,000M | — | 0.0% |
| Ordinary Income | 70,000M | 70,000M | — | 0.0% |
| Net Profit | 48,000M | 63,000M | +15,000M | +31.3% |
| EPS | 430.10 | 575.14 | +145.04 | +33.7% |
The company expects to record approximately 18.7bn JPY in extraordinary gains from the sale of the Tsukiji property during the second quarter. The transaction, with a domestic buyer unrelated to Taiheiyo Cement, is intended to reallocate management resources and secure investment capital for sustainable growth. Operating profit and ordinary income (keijo rieki) remain unchanged, reflecting that the gain is non-operational.
Investors should note this revision reflects a one-time real estate transaction rather than improved operational performance. The 31% increase in full-year net profit is attributable entirely to the special gain, with underlying business metrics unchanged. The interim period shows a more pronounced impact due to the timing of the sale recognition.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.