TOKYO, Mar 25 (Pulse News Wire) – Taiheiyo Cement Corporation (5233.T) announced today that its board of directors approved the acquisition of Tokuyama’s cement sales business through a share transfer agreement signed with Tokuyama on March 25. The transaction includes all shares of newly established subsidiaries involved in the cement sales operations and two wholly-owned subsidiaries of Tokuyama.
The deal is contingent upon obtaining necessary regulatory approvals. Under the “26 Mid-term Management Plan,” Taiheiyō Cement aims to enhance its presence in the domestic cement market and strengthen revenue generation. The acquired subsidiary, set to launch on July 1, 2026, will operate out of Yamaguchi, Shuunan Shi and focus on cement product distribution. It will have a capital of ¥1 million and a fiscal year-end of March 31. Key details of Tokuyama, the seller, show a capital of ¥10.00 billion and total assets of ¥476.2 billion.
Major shareholders include Nippon Life Insurance Company with a holding ratio of 15.97% and Sumitomo Trust & Banking Co., Ltd. with a holding ratio of 6.26%. Post-acquisition, Taiheiyō Cement will hold all shares of the new subsidiary, increasing its stake from 0 to 100.0%. The transaction value will be determined at the time of execution on October 1, 2026. Additionally, Taiheiyō Cement plans to collaborate with Tokuyama on waste management services post-Tokuyama’s cessation of cement production around 2028.
The company will also publish a review of its mid-term plan on March 30, 2026, followed by a briefing session for investors on April 7, 2026, at 15:00.
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