tokyo cement annual report

From Annual Report 2019/2020 - Financial Year ending March 31, 2020. Net profit for the March quarter fell 54 per cent to 67m rupees while turnover went up … The EV/EBITDA NTM ratio of Tokyo Cement Company (Lanka) PLC is significantly lower than the average of its sector (Building Materials & Fixtures): 8.56. Even freight costs increased, due to shortages of new low sulfur fuels, which were made mandatory by the International Maritime Organization. Investor Relations Stock Info Financial Reports … Annual Reports. We have maintained our strategic direction, and the market share growth of Tokyo Super blended hydraulic cement has reinforced our position as the largest cement producer in Sri Lanka. %PDF-1.4 13 GRI- 102-3, 102-4, 102-6 Rs. Our Construction Research Centre is also making a name for itself as an industry specialist in concrete designs. The Company's principal activities include manufacture and supply of ordinary Portland cement, Portland pozzolana cement, tile adhesives, water proofing products, pre-mix concrete, ready-mix concrete, cellular lightweight concrete (CLC) blocks, power generation, and manufacturing of sand and aggregate. During the current year, we worked with Japanese contractors and consultant to develop custom concrete designs that a few years back would not have been possible in Sri Lanka. A brief financial summary of Tokyo Cement Company Lanka PLC as well as the most significant critical numbers from each of its financial reports. %���� Corporate Profile. 0000015674 00000 n Tokyo Cement Recognizes Dealers and Partners in Trincomalee Factory Visit. previous year. Integrated Annual Report. 0000001455 00000 n 5. Despite the extreme uncertainty and cost increases we experienced during the year, Tokyo Cement has maintained its many environmental and social commitments. is the largest manufacturer and supplier of cement in Sri Lanka over 30 years. Stock Info. Click the button below to request a report when hardcopies become available. We added 600 Kw of solar power to the rooftop of our dendro power plant in Mahiyangana, giving us another alternative energy source. /O 75 We have worked as a team and overcome many challenges in the current year and I appreciate the contributions of the Board of Directors, the Senior Management and all our staff. annual report, the Group is already changing, the better to exploit these assets and provide a genuinely sustainable, inclusive mobility for all. ABOUT INSEE Vision, Mission & Commitments Group Management Structure Organization Chart Board of Directors Group Executive Committee Company … Tokyo Cement Company, a unit of Japan’s Mitsui Mining, said March quarter group net profit fell by more than half, dragging down annual earnings by 39 per cent to LKR496m, according to a stock exchange filing. At Company level, we achieved an operating profit growth of 115% for the year, reaching Rs 2.2 Bn profit from operations. Our Construction Research Centre is also making a name for itself as an industry specialist in concrete designs. Service Offering Laboratory Services Training Academy Our Network. was created on March 12, 2019. I am proud to report that our entire manufacturing process over now operate fully on biomass energy, minimizing our carbon footprint from energy consumption. We also introduced new international standards for Portland Cement that were well received by the local construction industry. /Pages 70 0 R /Outlines 57 0 R Mn. trailer 1732 @INSEEGroup. /H [ 649 806 ] This improvement is directly due to the many operational improvements effected during the year. Much of this cost can be attributed to ongoing projects. The Company achieved a before tax profit of Rs 789 Mn against the Rs 399 Mn loss of the previous year and an after tax profit of Rs 817 Mn against the net loss of Rs 332 Mn reported last year. Overall, we have maintained our strategic direction, and the market share growth of TOKYO SUPER Blended Hydraulic Cement has reinforced our position as the largest cement producer in Sri Lanka. ARIBA. 4. However, our factory modernization plans are on track and the Central Control Room in Trincomalee was brought online, which has automated most of the production process. As a heavy industry this is truly an achievement. The cement industry is sometimes referred to as a barometer to gauge the country’s economic march … Based on the current year’s performance the Board has decided to authorize a final dividend of Rs 1.50 per ordinary share. TAIHEIYO CEMENT CORP has reached its limit for free report views. The previous year's figures and phrases have been re-arranged wherever necessary to conform The accounting policies … Get information about Tokyo Cement dividends and ex-dividend dates. Please fill out the form below and click "Place Order" to … It was in 1878 that Charles Pickering Hayley founded Charles P. Hayley & I am proud to report that our entire manufacturing process now operate fully on biomass energy, minimizing our carbon footprint from energy consumption. Therefore, we hope the Government will introduce further progressive measures towards import substitution, greater domestic value-addition and protection against unfair trading practices. The current year’s financial performance reflects this pre-emptive and prudent approach. Costs of sales of the Company declined by 32% from 23.7 Bn, to Rs 16.2 Bn due to lower demand and also due to many cost saving measures. 0000015245 00000 n << 0000001732 00000 n The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. Overall, national cement consumption continued on its downward trend totalling to 5.9 Mn MTs for the financial year, which is a decline of 10% year-on-year. In December 2019, the new government removed NBT (2%) and reduced VAT (to 8%) and then in a separate ruling revised the MRP for cement, thereby passing the tax benefit to consumers. We maintained a conservative net operating cash flow of Rs 2.9 Bn. According to these financial ratios Tokyo Cement Company (Lanka) PLC's valuation is way below the market valuation of its sector. Tokyo Eastern Cement Company, our cement subsidiary and Tokyo Cement Power Lanka, our dendro power company contributed positively to Before Tax Profit. /N 12 << Access was imposed on imports of bag and bulk cement. Annual Report 2019-20. 82 0 obj >> We’ve continued planting over 10,000 mangrove saplings per year to protect our coasts. /ID [<6038800926ebdab90e2db54a1e67e830><6038800926ebdab90e2db54a1e67e830>] The financial year was marked with several market disruptions; commencing with the Easter Sunday Attacks, followed by extended monsoons, presidential elections, volatile policy environment, and ending unceremoniously with the onset of the pandemic. The Company has followed the same Accounting Policies as disclosed in the Annual Report for the financial year Institute of Chartered Accountants of Sri Lanka. Annual Report Award Competition 2018. More News. << According to Tokyo Cement, the private sector has been mainly engaged in building housing and housing schemes as well as hotels. ACCA Alumni. /P 0 Abans Finance PLC | Annual Report 2017/18 | 02 Overview Management Discussion and Analysis Corporate Stewardship Financial Information Supplementary Information FINANCIAL HIGHLIGHTS Financial Performance (Rs. 1 in the LMD 100 list for 2017/18. The Tokyo Cement Group will strive to reduce raw material costs and improve production efficiency, through new standards, that have a lower carbon footprint. As a heavy industry, this is truly an achievement. However, in response to the dramatic shift in the external risk environment, we have had to cut back on some of our plans, such as temporarily pausing the capacity expansion at the Colombo Port. The Company’s Distribution, Administrative and Other expenses decrease by 19% from Rs 4.9 Bn to Rs 4.0 Bn while at Group level, the same decreased by 5% from Rs 6.1 Bn to Rs 5.8 Bn. Due to reduced cement consumption, revenue at Company level declined by 27% year-on-year, from 29.7 Bn in FY2018/19, to Rs 21.5 Bn in FY2019/2020. While Tokyo Cement companies experienced some pressure on cash flows due to the overall industry, cash crunch, our financial strength and stringent financial oversight made it possible to withstand this situation. However, the Port City constructions might resume relatively fast, as it is funded by Chinese investors, in addition to opportunities in national concrete road development projects. GROUPE RENAULT. CUSTOMER SERVICE CENTER. NAME OF THE COMPANY: Tokyo Cement Company (Lanka) PLC COMPANY REGISTRATION NO: ... Interim Financial Reporting of the The Company has followed the same Accounting Policies as disclosed in the Annual Report for the financial to the current year's presentation. Products & Solutions Cement Concrete Cement Based Solutions Aggregate Power. Tokyo Cement Group Managing Director, SR Gnanam, stated at the product launch: "It's a very exciting time for the company with the launch of Nippon Cement-Pro. � Z� 9v NA O @4 C� U� 1. Our staff from TOKYO SUPERMIX and the factory, were also sent to Japan for training. Toyo Cement Company Lana PLC Annual Report 201718 2 MASTER PLAN FOR THE FUTURE PERFORMANCE HIGHLIGHTS Group Company Rs. We will also continue to educate the industry about emerging international cement standards as this is not part of the civil engineering curricula in local universities. Own Mining and Agricultural lands 118 Acres 10,226 Workforce Overseas suppliers 488 Local suppliers 2,071 Source 08 Facilities Manufacture Franchises 58 Factory outlets 15 Number of dealers 293 Number of distributors 86 Own outlets 58 Distribute GRI- 102-2, 102-7, 102-9 units of bathware accessories 174,990 Our Resume. We also hope freight costs will reduce as the supply of low sulfur fuel production has increased. All rights reserved | Designed & Developed by Web Based Business Systems. 0 endobj Tokyo Cement Company (Lanka) PLC is a holding company. Despite the 2019/20 financial year being somewhat inauspicious, our shareholders would have notes that Tokyo Cement Group’s bottom-line has recovered from the negative position of the previous year, as assured in last year’s report. We utilize waste paddy husk and target to grow 1,000,000 Gliricidia sticks with farmers per year for power generation, thereby significantly reducing harmful environment impacts. While we put some of our projects on hold, our total capital expenditure for the year came to Rs 1.8 Bn, compared to Rs 3.1 Bn in the previous year. We also use Fly Ash, a waste by product from the Norochcholai coal power plant in our Blended Hydraulic Cement. The rupee depreciation during the financial year further ran up our costs, as we are entirely import dependent for clinker. As for the construction industry, realistically, I do not see an immediate revival of demand for cement in the post-COVID recovery environment. The Easter Sunday Attacks, set the catalyst for our behaviour for the rest of the year; forcing us to be more cautious and adaptive to continuously shifting environments. ANNUAL REPORT 2019-2020. SITEMAP. Please refer our Sustainability Report for progress regarding these and other Tokyo Cement environmental and social activities. Annual Report 2014-15. annual report 2019/20 29 chairman’s statement we closed the year with an after tax profit of rs 2.3 bn. In making my first statement in the capacity of Chairman, I would like to express my gratitude to the Company for presenting me with this rare honour of chairing the Board of one of the premier corporate bodies in Sri Lanka. Technology transfer and training programs were continued and we hosted another Japanese Engineer specializing in concrete, at our research centre to share expertise in developing new designs. 2018 2017 2018 2017 PERFORMANCE Turnover 35,633 35,701 20,649 24,420 Cost of Sales (27,161) (26,761) (17,438) (19,421) Gross Profit 8,472 8,940 3,211 4,999 Profit Before Tax 2,572 4,078 5,129 3,976 Annual Report 2011/12 l5. >> However, Government payment delays to contractors may slow down these projects and as a result the construction sector recovery. /Length 732 During the current year, we worked with Japanese contractors and consultant to develop custom concrete designs that a few years back would not have been possible in Sri Lanka. Board of Directors. Accountant at Tokyo Cement Company (Lanka) PLC Sri Lanka 198 connections. Integrated Annual Report 2019 summary - English (pdf, 9.29 MB) Integrated Annual Report 2019 summary - German (pdf, 9.33 MB) Sustainability performance report 2019 (pdf, 5.01 MB) Integrated Profit and Loss Statement (IP&L) (pdf, 751.67 KB) GRI Content Index 2019 (pdf, 155.16 KB) Materiality Review 2019 (pdf, 1.25 MB) financial year further ran up our costs, as we are entirely import dependent for clinker. As there is a demand for our innovation products, we will look into increasing the production of these items. stream 73 0 obj This led us to enact stringent policies of cost reduction, increased efficiencies, coupled with strategic sourcing, production and distribution operations, employed throughout the year. Our Colombo Port capacity expansion project was restarted, and we are on track to complete this before the end of the 2020 calendar year. most of the production process. All Tokyo Super Cement Co Lanka (Pvt) Ltd shares representing the stated capital of the company will be cancelled without payment or any other consideration and TCCL will succeed to all the assets and liabilities of Tokyo Super Cement Co Lanka (Pvt) Ltd. /Linearized 1 Hayleys PLC won 12 awards including the Silver award for overall excellence in annual reporting at the CA Annual report 2017 awards and the Group is ranked No. Please refer to our Economic Review for a more in-depth analysis on the macro environment and its impact on the industry. In fact, the growth in contribution of Blended Hydraulic Cement to our sales mix had a considerable positive margin impact. This approach helped maintain the growth momentum in a contracting market. The cash squeeze extended into the wider economy, as the construction sector is one of the largest employers in the country, with a significant informal workforce and an island-wide network of smaller suppliers, dealers, and agents. >> Tokyo Cement is one of Sri Lanka’s most valuable brands with an installed capacity of nearly two million tons of cement, over 600 employees and 14 billion rupees in assets. /Size 83 The financial year ended with the arrival of COVID-19, effectively derailing all production, marketing and sales activities. By ICR Newsroom 13 August 2018 Tokyo Cement Plc reported losses of LKR605m (US$3.78m) in the June 2018 quarter as revenues fell and the sale of a vessel added LKR380m to the losses already sustained. /Names << /Dests 44 0 R>> xref The year under review has not been an easy one and we anticipate more challenges to come. “Nippon” cement meets the stringent quality requirement specified by Sri Lanka Standard institution Standard SLS 107 : 2008 Strength Class 42.5 N for Ordinary Portland Cement. In its 2011-2012 annual report, Tokyo also pointed out that a surge in private credit had contributed towards higher demand for cement. I would like to congratulate the Government on its decisive policy direction to support domestic industries, in the months following the COVID-19 lockdowns. THE ALLIANCE OPERATING BOARD. A ... Budapest and Tokyo, as well in the Ministry of External Affairs and the President’s Secretariat. From Annual Report 2019/2020 - Financial Year ending March 31, 2020. 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