Sumitomo Osaka Cement Co Ltd
TSE:5232
Sumitomo Osaka Cement Co Ltd
Sumitomo Osaka Cement Co., Ltd. engages in the management and sale of cement business. The company is headquartered in Chiyoda-Ku, Tokyo-To and currently employs 3,065 full-time employees. The firm has seven business segments. The Cement segment is engaged in the manufacture and sale of cement and ready-mixed concrete products, the sale of electric power, the processing of recycled raw fuel. The Mineral Products segment is engaged in the provision of limestone, dolomite and aggregate products. The Construction Material segment is engaged in the provision of concrete structure repair materials and admixtures. The Optoelectronics segment is engaged in the provision of optical communication components and optical measurement equipment. The New Materials segment is engaged in the provision of ceramic products, nanoparticle materials and functional paints. The Battery Materials segment is engaged in the provision of secondary battery cathode materials. The Other segment is engaged in the real estate leasing business, engineering business and software development business.
Sumitomo Osaka Cement Co., Ltd. engages in the management and sale of cement business. The company is headquartered in Chiyoda-Ku, Tokyo-To and currently employs 3,065 full-time employees. The firm has seven business segments. The Cement segment is engaged in the manufacture and sale of cement and ready-mixed concrete products, the sale of electric power, the processing of recycled raw fuel. The Mineral Products segment is engaged in the provision of limestone, dolomite and aggregate products. The Construction Material segment is engaged in the provision of concrete structure repair materials and admixtures. The Optoelectronics segment is engaged in the provision of optical communication components and optical measurement equipment. The New Materials segment is engaged in the provision of ceramic products, nanoparticle materials and functional paints. The Battery Materials segment is engaged in the provision of secondary battery cathode materials. The Other segment is engaged in the real estate leasing business, engineering business and software development business.
2022 Losses: The company reported negative operating, ordinary, and net income for fiscal 2022 due to cost increases outpacing cement price hikes.
Dividends Maintained: Despite losses, the annual dividend remains at JPY 120 per share, supported by proceeds from cross-shareholding sales.
Profit Recovery Forecast: Management expects a return to profitability in 2023, driven by additional cement price hikes and cost improvements.
Medium-Term Vision: The new plan targets JPY 265 billion in sales and JPY 21.4 billion in operating income by 2025, with a focus on business diversification and carbon neutrality.
2035 Ambitions: The long-term vision aims for JPY 400 billion in sales, 50% of which should come from non-cement businesses, and significant investment in advanced materials and environmental solutions.
