Taiheiyo Cement Corporation · TSE:5233

Taiheiyo Cement — Investor Presentation (May 2026)

82 slides from Taiheiyo Cement's investor presentation, May 27, 2026

Slide 1: Business Overview Briefing for the Fiscal Year Ended March 31, 2026
May 27, 2026 Business Overview Briefing for the Fiscal Year Ended March 31, 2026 Yoshifumi Taura, President and Representative Director
Slide 2: Consideration of Future Cement Demand Based on the Establishment of the Disaster Management Agency
Consideration of Future Cement Demand Based on the Establishment of the Disaster Management Agency 2026©TAIHEIYO CEMENT
Slide 3: John Denver: Silver Bridge on the border between West Virginia and Ohio
John Denver Silver Bridge on the border between West Virginia and Ohio 2026©TAIHEIYO CEMENT 2
Slide 4: Collapse of the Silver Bridge (1967)
⚫ Collapse of the Silver Bridge (1967) West Virginia The Point Pleasant Bridge (Silver Bridge) over the Ohio River in West Virginia collapsed, claiming the lives of 46 people Collapse of the Silver Bridge (Source) West Virginia Archives and History, West Virginia Department of Arts, Culture and Hist
Slide 6: Decaying America in 1980s
⚫ Decaying America in 1980s Bridge damage incidents and major repairs on Manhattan Island in 1980s West Side Highway FDR Drive • Partial collapse (1973) • Concrete fragment falls and • Demolition of part of the Central Park road collapses occurred elevated road (1977-1989) • Partial replacement and
Slide 7: Background to infrastructure decay
⚫ Background to infrastructure decay 1929-: Great Depression 1933-37: The New Deal (F. Roosevelt) 3R Relief Recovery Reform 1965-75: Vietnam War 1965 2/7 Bombing of North Vietnam 1973 3/29 U.S. troops withdrawal 1975 4/30 Fall of Saigon The U.S. in an economic boom before the Great Depression (real
Slide 8: BUILD America 250 Act
⚫ BUILD America 250 Act [Overview] 5/19/2026 ✓ A $580 billion infrastructure investment bill ✓ In addition to investment in U.S. roads, railroads and highways, the bill stipulates that $45 billion be allocated to bridge repair and renewal, and $87.5 billion to public transportation programs The U.S.
Slide 9: Aging infrastructure in Japan
⚫ Aging infrastructure in Japan Examples of issues arising from aging infrastructure Percentage of social infrastructure that is 50 years of age or older (as of March 2023) Mie Prefecture March 2023 March 2030 March 2040 2007 Kisogawa Bridge; truss diagonal member breakage 75% Chuo Expressway 68% 20
Slide 10: Missing links of expressways
⚫ Missing links of expressways From materials used for the 13th Meeting of the Road Subcommittee, Council Areas expected to be impacted by tsunami during Tokai, Tonankai, and Nankai earthquakes of Infrastructure (May 23, 2011) (“Report on Tonankai and Nankai Earthquakes,” Central Disaster Management
Slide 11: Public fixed capital formation in G7 countries
⚫ Public fixed capital formation in G7 countries Canada France Germany Italy U.K. U.S. Japan Japan (Year) (Note) Data for 1995 to 2024 (Source) Prepared by Sumitomo Mitsui DS Asset Management Company, Limited based on data published by the Cabinet Office of Japan and Organisation for Economic Co-ope
Slide 12: Comparison of public fixed capital formation
⚫ Comparison of public fixed capital formation Japan U.S. Public fixed 22.7 trillion yen 47.9 trillion yen capital formation ($241.7 billion) FY1996 Construction 87.0 trillion yen investment Public fixed 133 trillion yen 32.9 trillion yen capital formation ($849.3 billion) FY2026 Construction 75.6 t
Slide 13: 2026©TAIHEIYO CEMENT
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Slide 14: Business Overview for the Fiscal Year Ended March 31, 2026
Business Overview for the Fiscal Year Ended March 31, 2026 2026©TAIHEIYO CEMENT
Slide 15: Environmental Business
Environmental Business TAIHEIYO CEMENT treats municipal and industrial waste 2026©TAIHEIYO CEMENT 14
Slide 16: System to turn municipal waste into cement
Environmental Business ⚫ System to turn municipal waste into cement [AK system] • A system that recycles household waste as raw materials and fuels for cement production • All of the municipal waste (15,000 tons per year) generated in Hidaka City, Saitama Prefecture, is recycled into cement Grinding
Slide 17: System to turn municipal waste into cement (no incineration plants)
Environmental Business ⚫ System to turn municipal waste into cement [AK system] • Since garbage bags can be directly fed into the recycling kiln for treatment, incineration plants are not necessary  Hidaka City, Saitama Prefecture removed all incineration plants Waste collection truck Waste recycli
Slide 18: Ecocement from incineration ash
Environmental Business Raw material composition ⚫ System to turn municipal waste into cement ratios (example) [Ecocement] Silica Iron 鉄原料その他 Others • Cement manufactured using incineration ash generated at municipal waste stone waste incineration plants as a main raw material Incineration Municipal
Slide 19: Municipal waste recycling systems
Environmental Business ⚫ System to turn municipal waste into cement Buildings Artificial reef (combusti Our life -ble) Municipal waste Existing cement plant Wave-dissipating blocks Road development AK system Houses Incineration Municipal waste directly Soil plant recycled as raw materials and stabil
Slide 20: Volume of waste treated in cement manufacturing
Environmental Business ⚫ The volume of waste treated in our cement manufacturing process Intensity of waste and by-products used Intensity of waste and by-products used 600 (kg/t-all cement) (kg/t-all cement) 560 550 540 500 520 450 500 400 480 350 460 300 440 250 420 Kamiiso Ofunato Kumagaya Saitam
Slide 21: Treatment of disaster waste (Great East Japan Earthquake)
Environmental Business ⚫ Treatment of disaster waste (following Great East Japan Earthquake) Panoramic view of Ofunato Plant (before earthquake) 係船柱沈下 Tsunami arrival height 係船柱沈下護岸沈下 Kiln No. 5 Tsunami height: (up to 3,800t-cli./d) Submerged GL+4.4m Damage to plant Damage to revetment and building
Slide 22: Rubble treatment at Ofunato Plant
Environmental Business ⚫ Treatment of disaster waste (following Great East Japan Earthquake) [Rubble treatment at Ofunato Plant] • Kiln No. 5 became operational in June 2011, and Kiln No. 1 was also restored in December of the same year • By the end of FY2014, we accepted 1 million tons of rubble an
Slide 23: Treatment of disaster waste track record
Environmental Business ⚫ Treatment of disaster waste Our cement plants are evenly spread out across Japan Normal times: Contribute to resource recycling through local waste acceptance Emergencies: Contribute to speedy recovery through disaster waste (rubble) treatment and supplying construction mate
Slide 24: Waste treatment in the cement manufacturing process
Environmental Business ⚫ Waste treatment in the cement manufacturing process BOF (biomass composite powder raw materials) unburned carbon/meat and bone meal Limestone Clinker silo Kiln with suspension Clay preheater Waste oil/recycled oil/waste By-product plastics gypsum Coal ash Truck Slag Cement m
Slide 25: Characteristics of waste treatment in cement manufacturing
Environmental Business ⚫ Waste treatment in the cement manufacturing Used as a thermal energy Used as a raw material substitute substitute process Steel mills Foundries Characteristics of waste treatment in the cement manufacturing Blast furnace slag Foundry sand process 5,110 thousand t 336 thousan
Slide 26: Waste solar panel treatment business
Environmental Business (Growth Areas) ⚫ Waste solar panel treatment business Estimated amount of solar panel waste • The establishment of the surplus electricity purchase system in 2009 Estimated by Ministry of the led to the widespread adoption of solar power generation in ordinary Environment Esti
Slide 27: Urban mining: lithium-ion battery recycling
Environmental Business (Growth Areas) ⚫ Urban mining [Lithium-ion battery recycling] Proper recycling has become important more than ever from the standpoint of EV sales expansion, fire prevention, and resource security  We teamed up with Matsuda Sangyo Co., Ltd. in 2011 to explore the possibility
Slide 28: Urban mining: precious metal recovery
Environmental Business (Growth Areas) ⚫ Urban mining [Precious metal recovery] • We discovered a phenomenon in which precious metals (such as gold and silver) become concentrated in intermediates during the ecocement manufacturing process  We developed recovery technology and began recovering preci
Slide 29: Fossil fuel substitute business
Environmental Business (Growth Areas) ⚫ Fossil fuel substitute business (promotion of the use of waste plastics) • Aiming to utilize waste plastics on a larger scale than ever before, we are working on installing and expanding the capacity of equipment that enables blowing out waste plastics from a
Slide 30: Eco-friendly hard blocks using waste materials
Environmental Business (Growth Areas) ⚫ Eco-friendly hard blocks that make the maximum use of waste materials • Leveraging our technology and know-how in concrete manufacturing, we are exploring the development of products such as hard blocks that make the maximum use of waste and by-products  Simu
Slide 31: Market size of the environmental industry in Japan
Environmental Business ⚫ Market size of the environmental industry in Japan Grow to 146.8 The average annual growth rate from trillion yen by 2023 to 2050 is estimated at 0.4% 2050 51 trillion yen (Market size (‘00 million yen) (34.7%) 76 trillion yen (51.9%) Natural environment Waste treatment and
Slide 32: Mineral Resources Business
Mineral Resources Business Limestone is one of the few strategic resources that Japan is self-sufficient in 2026©TAIHEIYO CEMENT 31
Slide 33: Business components
Mineral Resources Business ⚫ Business components Aggregates business Mineral products business Sales of aggregates for ready-mixed Sales of limestone (for steel, cement, paper, concrete and precast concrete products chemicals, etc.), calcium carbonate, quicklime, silica, etc. Geo-solutions business
Slide 34: Strategic securing of natural resources
Mineral Resources Business ⚫ Strategic securing of natural resources The Group’s main limestone mines: 11 mines Silica mines: 7 mines Garo Mine Quarry: 13 offices [Reference: other related mines] Ofunato Mine Ishiyama Mine, Tsuruga Mine, etc. of Tsuruga Cement Co., Ltd. Buko Mine Kanazawa Toumi Mine
Slide 35: Limestone production volume
Mineral Resources Business ⚫ Strategic securing of natural resources Limestone production volume [FY2026 results] (i) Top 20 mines (yellow highlight: the Group’s mines) (ii) The Group’s other mines Production volume Production volume Rank Company Mine (thousand t/year) Rank Company Mine (thousand t/
Slide 36: Limestone aggregate sales expansion strategy
Mineral Resources Business ⚫ Limestone aggregate sales expansion strategy Aggregate production sites and relay bases Teshio Otaru Ishikari Iwanai Doo Resource Development Setana Tomakomai Oshamanbe Shiraoi Hokkaido Taiheiyo Kogyo Aomori Ajigasawa Yard Miyako Outer Port Yard Kamaishi Ohama Yard Ryush
Slide 37: Aggregate logistics hubs in Tokyo bay area
Mineral Resources Business ⚫ Limestone aggregate sales expansion strategy The Group’s strengths Aggregate logistics hubs in Tokyo metropolitan bay area ✓ Large volume of inventory ✓ Variety of products sold - Coarse aggregates - Fine aggregates (coarse/medium- grained sand) - Mixed sand  Capable of
Slide 38: Geo-solutions business
Mineral Resources Business (Growth Areas) ⚫ Geo-solutions business We provide total solutions for Heavy metal immobilizer (DENITE) construction soil Contaminated soil → Recycling materials into cement Heavy metal immobilizer (Reduced elution of heavy metals, etc. into rainwater and groundwater) Unco
Slide 39: Promotion of DX
Mineral Resources Business (Growth Areas) ⚫ Promotion of DX Perforation Loading/transport Mining technology x IT Ore dressing Explore the use of AI, IoT and big data to automate and streamline operations 2026©TAIHEIYO CEMENT 38
Slide 40: Functional hollow particles (CellSpheres)
Mineral Resources Business (Growth Areas) ⚫ Functional hollow particles (CellSpheres®) • Hollow materials with properties never seen on the market before • Potential applications as a filler for thin thermal insulation coatings, as well as as low- dielectric materials for precision equipment and mac
Slide 41: Focused investment in growth areas
⚫ Focused investment in growth areas Mineral Environmental Cement Construction Other resources materials Combining mineral resources and environmental businesses, we aim for: Net sales of 300.0 billion yen (FY2027: 172.6 billion yen) Operating profit of 30.0 billion yen (FY2027: 19.3 billion yen) 20
Slide 42: Regrowth of Domestic Business
Regrowth of Domestic Business We are evolving from a “company that makes cement” to a “company that supports the sustainability and resilience of society” 2026©TAIHEIYO CEMENT 41
Slide 43: Cement business: challenges and measures
Regrowth of Domestic Business ⚫ Cement business Challenges Measures in response • Increase overseas share (U.S., Southeast Asia) • Population decline • Shift toward infrastructure maintenance and repair Demand decline • Public investment also remaining flat in the demand (structural shrinkage) long
Slide 44: Direction of technological development
Regrowth of Domestic Business ⚫ Direction of technological development (1) Trends in domestic construction market • Cement demand is on a long-term declining trend • Due to population decline, demand for new housing and infrastructure is expected to continue to decline (2) Areas where future demand
Slide 45: Renewal of aging infrastructure
Regrowth of Domestic Business ⚫ Renewal of aging infrastructure Examples of issues arising from Yashio City road sinkhole aging infrastructure Caused by concrete corrosion due to hydrogen sulfide released Mie Prefecture during decomposition of organic matter in sewage 2007 Kisogawa Bridge; truss dia
Slide 46: Renewal of aging infrastructure: e-CON
Regrowth of Domestic Business ⚫ Renewal of aging infrastructure [e-CON®] Sustainable concrete by Nippon Hume Corporation ✓ Cement-free concrete reduces CO2 emissions by about 80% ✓ Recycled materials account for about 90% of the main components ✓ High-density concrete provides excellent resistance t
Slide 47: Remote monitoring system using HS monitors
Regrowth of Domestic Business ⚫ Renewal of aging infrastructure Remote monitoring system using HS monitors [Features of this system] ⚫ Integration of HS monitors and manholes equipped with wireless communication systems 1. Real-time observation of HS monitor measurement results via wireless communic
Slide 48: Disaster prevention and national resilience
Regrowth of Domestic Business ⚫ Disaster prevention and national resilience Linked to the National Spatial Basic Policies for Promoting National Resilience [5 Pillars] Planning New New Disaster prevention infrastructure to Strengthening of lifelines such as protect people’s lives and property Upgrad
Slide 49: Building LCA system (Japan)
Regrowth of Domestic Business ⚫ Building LCA system (Japan) Image of building lifecycle carbon emissions ➢ New system to calculate and evaluate CO2 emissions across the entire lifecycle of building materials and Material Demolition promote decarbonization production Construction stage Usage stage* s
Slide 52: Innovation: carbon neutrality in cement production
Carbon Neutrality ⚫ Innovation Achieving carbon neutrality in cement production process Existing technologies Raw material-derived CO2 Energy-derived CO2 Energy-derived CO2 Raw-material-derived CO2 Reduce limestone Use non-fossil energy Use non-fossil or green electric power Use SCMs (Low-CO2 cement
Slide 53: Innovation: C2SP Kiln
Carbon Neutrality ⚫ Innovation Cement Burning Process Flow with C2SP Kiln® Exhaust gas system Directly captured as high concentration CO2 Cement raw materials CO2-capture calciner Demonstration test facility (Onoda City, Yamaguchi Prefecture) Energy Oxy-fuel C2SP Kiln® technology development combust
Slide 54: CO2 absorption
Carbon Neutrality ⚫ CO2 absorption Ready-mixed Example of low-carbon Cement plant Finish mill Cement concrete plant product using CARBOCATCH® technology CO2 utilization in greenhouse horticulture CO2 dissolution (NEDO-funded project) equipment Slurry mixer CO2 capture facility Ready-mixed concrete C
Slide 55: CN model business
Carbon Neutrality ⚫ CN model business December 8, 2025 Execution of the Comprehensive Collaboration Agreement on the Yakushima Town’s Zero Carbon “Installation of EV quick chargers” “Development of a rest area” using to contribute to the infrastructure low-carbon and long-life concrete Island Declar
Slide 56: Measures against severe disasters
Carbon Neutrality ⚫ Measures against severe disasters Prevention Recovery Preparing for severe disasters Prevention Recovery associated with climate change Prepare for floods Prepare for earthquakes • Permeable pavement • High-strength/seismic • Liquefaction prevention Example • Heavy rain flood rei
Slide 57: Measures against severe disasters: restoration and recovery
Carbon Neutrality ⚫ Measures against severe disasters Prevention Restoration Recovery Prevention Restoration Recovery Early recovery and restoration in the event of emergencies Filling cavities beneath structures Filling cavities beneath roadways Example Repair in disaster-affected areas Example Res
Slide 58: Low-Carbon Cement (LCC)
Low-Carbon Cement (LCC) LCC is positioned at the central point of environmental business, carbon neutrality, and infrastructure solutions 2026©TAIHEIYO CEMENT 57
Slide 59: Positioning within the management strategy
Low-Carbon Cement (LCC) ⚫ Positioning within the management strategy Environmental business Low-Carbon Cement Carbon Infrastructure neutral solutions 2026©TAIHEIYO CEMENT 58
Slide 60: Blended cement has gained attention as a decarbonization initiative
Low-Carbon Cement (LCC) ⚫ Blended cement has gained attention as a decarbonization initiative [Technical challenges in promoting blended [CO2 reduction effect] cement] • Blended cement is cement manufactured by mixing Portland cement with blended materials such as FA and Procurement Performance blas
Slide 61: Measures against alkali-aggregate reactions
Low-Carbon Cement (LCC) ⚫ Measures against alkali-aggregate reactions [Alkali-aggregate reactions] • A certain type of aggregate in concrete reacts with alkaline aqueous solutions • Phenomenon that causes abnormal expansion or cracking in concrete Examples of alkali-aggregate reactions Overpass brid
Slide 62: U.S. decarbonization policy
Low-Carbon Cement (LCC) ⚫ U.S. decarbonization policy Embodied carbon *Policies aimed at reducing carbon are already in the process of being implemented by the federal government, state governments, and local governments *Refers to carbon contained within the building structure itself, representing
Slide 63: Trend in the ratio of LCC by country/region
Low-Carbon Cement (LCC) ⚫ Trend in the ratio of LCC by country/region Blended cement While the ratio of LCC is expanding in Europe and the U.S., it remains around 20% in Japan Source: Japan Cement Association materials (October 23, 2025), “Short- to Medium-term Initiatives for the Use of Blended Mat
Slide 64: Significance of promoting LCC
Low-Carbon Cement (LCC) ⚫ Significance of promoting LCC Saiki Ash Center ■ LCC shipping bases Stockton Import Terminal Export hub construction ■ Current LCC bases Construction of 2 (Saiki City, Oita Prefecture) additional silos (California) ■ ■ ■ Newly Existing ■ established silo silo ■ LCC ■ [Japan
Slide 65: U.S. Business
U.S. Business Leap from a “resource provision company” to a “solution provision company” 2026©TAIHEIYO CEMENT 64
Slide 66: Challenges and countermeasures in the Southwest area
U.S. Business ⚫ Challenges and countermeasures in the Southwest area Legend Current CPC Ready-Mix Facilities Expand the aggregate business in urban areas, Vulcan Ready-Mix Concrete Plant which are particularly high-profit (Recently Acquired) • Acquisition of Grimes’ aggregate quarry in California CP
Slide 67: Expansion of Stockton Terminal
U.S. Business ⚫ Expansion of Stockton Terminal Seattle Terminal ➢ CPC imports and sells cement at the Stockton Terminal in Washington Northern California Portland Terminal ➢ 2 additional large silos (combined capacity of 51,900 tons) are Oregon currently being constructed to meet the rising demand f
Slide 68: Advantages of Vertical Integration: Leap from Flour Mill to High-End Pizzeria
Advantages of Vertical Integration: Leap from Flour Mill to High-End Pizzeria Wheat = limestone Flour mill = cement plant Flour = cement Pizzeria = ready-mixed Enhance added value (price) by concrete plant customizing toppings to suit customer preferences Cheese = aggregate Pizza = concrete Tomato s
Slide 69: Further strengthen base through vertical integration
U.S. Business ⚫ Further strengthen base through vertical integration (1) Reduction of intermediate margins (grouping of added values) Internalize margins within the Group that had been divided across aggregates, cement, and ready-mixed concrete and leaked to external parties (2) Stable production an
Slide 70: Southeast Asia Business
Southeast Asia Business Striving for growth Glocal cement sold based on on-site value 2026©TAIHEIYO CEMENT 69
Slide 71: Potential for growth in cement demand
Southeast Asia Business ⚫ Potential for growth in cement demand (t/person) Cumulative per capita cement consumption 40 Italy 35 Japan 30 Germany 25 Compared to developed countries, France cumulative per capita cement 20 consumption in Southeast Asian United States countries remains low 15 Vietnam ⇒
Slide 72: High-value-added products to reduce price-based competition
Southeast Asia Business ⚫ Reduce price-based competition through development of high-value-added products Application and specific examples Reason • Low-carbon (foreign investment, government • Infrastructure (bridges, ports) projects) Blended cement • Large-scale building construction (high-rise bu
Slide 73: Philippines
Southeast Asia Business Luzon Island Cement Distribution ⚫ Philippines Terminal TCPI San Fernando Plant ➢ Aims for maximum production and sales in order to benefit from the cost reduction effect of cutting-edge facilities ➢ Import and sales of Japanese FA cement that are competitive in terms of both
Slide 74: Vietnam
Southeast Asia Business ⚫ Vietnam Nghi Son Cement ➢ Earnings improved through expanded sales in Central Vietnam, where the competitive environment is relatively moderate with Nha Trang Cement Distribution Terminal expectations of high profitability (construction completed in February 2024) and deman
Slide 75: Indonesia
Southeast Asia Business ⚫ Indonesia Locations of SIG integrated plants (9 plants, 50.6 million t per year in total) SBI (Lhoknga) SBI Tuban Plant Semen Padang Semen Baturaja SBI (Tuban) Semen Tonasa SBI (Narogong) Semen Gresik Shipping pier SBI (Cilacap) 400km ➢ As a coal-producing country, Indonesi
Slide 76: LCC 3 × 3 Strategy
Our Management Strategy Japan U.S. • Low-Carbon Cement Environmental • Low-Carbon Cement • Expansion of mineral business • Vertical integration resources and • Coal ash processing • Exporting SCMs from environmental businesses • Recycling of waste Japan materials • Urban mining Fossil fuel Slag and
Slide 77: Net sales and operating profit targets
Our Management Strategy ⚫ Net sales and operating profit targets Mineral resources/Environmental Cement (domestic) U.S. Southeast Asia (billion yen) Other Operating profit (billion yen) 1,400 140 1,200.0 120.0 Factors for growth 1,200 120 Acquisition of Tokuyama’s 1,027.0 1,000 100 business rights 8
Slide 78: TAIHEIYO CEMENT
ep TAIHEIYO CEMENT
Slide 79: Global Demand for Low-Carbon Cement: India
Global Demand for Low-Carbon Cement ⚫ India Cement Press, article from June 21, 2010 Growth of pozzolan cement in India ICR SEP. 2009 Of the total production volume, ordinary Portland cement accounts for 25%, while pozzolan cement (containing a 15–35% mixture of coal ash) accounts for 67%, blast fur
Slide 80: Global Demand for Low-Carbon Cement: Bangladesh
Global Demand for Low-Carbon Cement ⚫ Bangladesh Seven Circle Grinding Plant 35% blend of slag + Importing PFA from Kolkata, India PFA + limestone 2026©TAIHEIYO CEMENT 79
Slide 81: Global Demand for Low-Carbon Cement: Kenya
Global Demand for Low-Carbon Cement ⚫ Kenya Mombasa Cement Grinding Plant Low-grade basaltic blended materials 2026©TAIHEIYO CEMENT 80
Slide 82: Global Demand for Low-Carbon Cement: China
Global Demand for Low-Carbon Cement ⚫ China Shenzhen Haixing Onoda PFA Cement Fuyong/Silo Complex Sales of PC32.5 cement 2026©TAIHEIYO CEMENT 81

Taiheiyo Cement — Investor Presentation (May 2026) on 6ix

Taiheiyo Cement — Investor Presentation (May 2026)

Slide 1: Business Overview Briefing for the Fiscal Year Ended March 31, 2026

Slide 2: Consideration of Future Cement Demand Based on the Establishment of the Disaster Management Agency

Slide 3: John Denver: Silver Bridge on the border between West Virginia and Ohio

Slide 4: Collapse of the Silver Bridge (1967)

Slide 5: Road collapse in New York

Slide 6: Decaying America in 1980s

Slide 7: Background to infrastructure decay

Slide 8: BUILD America 250 Act

Slide 9: Aging infrastructure in Japan

Slide 10: Missing links of expressways

Slide 11: Public fixed capital formation in G7 countries

Slide 12: Comparison of public fixed capital formation

Slide 13: 2026©TAIHEIYO CEMENT

Slide 14: Business Overview for the Fiscal Year Ended March 31, 2026

Slide 15: Environmental Business

Slide 16: System to turn municipal waste into cement

Slide 17: System to turn municipal waste into cement (no incineration plants)

Slide 18: Ecocement from incineration ash

Slide 19: Municipal waste recycling systems

Slide 20: Volume of waste treated in cement manufacturing

Slide 21: Treatment of disaster waste (Great East Japan Earthquake)

Slide 22: Rubble treatment at Ofunato Plant

Slide 23: Treatment of disaster waste track record

Slide 24: Waste treatment in the cement manufacturing process

Slide 25: Characteristics of waste treatment in cement manufacturing

Slide 26: Waste solar panel treatment business

Slide 27: Urban mining: lithium-ion battery recycling

Slide 28: Urban mining: precious metal recovery

Slide 29: Fossil fuel substitute business

Slide 30: Eco-friendly hard blocks using waste materials

Slide 31: Market size of the environmental industry in Japan

Slide 32: Mineral Resources Business

Slide 33: Business components

Slide 34: Strategic securing of natural resources

Slide 35: Limestone production volume

Slide 36: Limestone aggregate sales expansion strategy

Slide 37: Aggregate logistics hubs in Tokyo bay area

Slide 38: Geo-solutions business

Slide 39: Promotion of DX

Slide 40: Functional hollow particles (CellSpheres)

Slide 41: Focused investment in growth areas

Slide 42: Regrowth of Domestic Business

Slide 43: Cement business: challenges and measures

Slide 44: Direction of technological development

Slide 45: Renewal of aging infrastructure

Slide 46: Renewal of aging infrastructure: e-CON

Slide 47: Remote monitoring system using HS monitors

Slide 48: Disaster prevention and national resilience

Slide 49: Building LCA system (Japan)

Slide 50: Carbon Neutrality

Slide 51: Carbon Neutrality

Slide 52: Innovation: carbon neutrality in cement production

Slide 53: Innovation: C2SP Kiln

Slide 54: CO2 absorption

Slide 55: CN model business

Slide 56: Measures against severe disasters

Slide 57: Measures against severe disasters: restoration and recovery

Slide 58: Low-Carbon Cement (LCC)

Slide 59: Positioning within the management strategy

Slide 60: Blended cement has gained attention as a decarbonization initiative

Slide 61: Measures against alkali-aggregate reactions

Slide 62: U.S. decarbonization policy

Slide 63: Trend in the ratio of LCC by country/region

Slide 64: Significance of promoting LCC

Slide 65: U.S. Business

Slide 66: Challenges and countermeasures in the Southwest area

Slide 67: Expansion of Stockton Terminal

Slide 68: Advantages of Vertical Integration: Leap from Flour Mill to High-End Pizzeria

Slide 69: Further strengthen base through vertical integration

Slide 70: Southeast Asia Business

Slide 71: Potential for growth in cement demand

Slide 72: High-value-added products to reduce price-based competition

Slide 73: Philippines

Slide 74: Vietnam

Slide 75: Indonesia

Slide 76: LCC 3 × 3 Strategy

Slide 77: Net sales and operating profit targets

Slide 78: TAIHEIYO CEMENT

Slide 79: Global Demand for Low-Carbon Cement: India