Japan: Taiheiyo's sales revenue rose by 12% year-on-year to US$1.91bn for the first quarter of the 2012 - 2013 Japanese financial year that ended on 30 June 2013. In the quarter ending on 31 March 2012 it was US$1.70bn. The Japanese cement producer attributed the increase to rebuilding following the March 2011 earthquake and tsunami disaster, increased private sector construction investment in urban areas and favourable policies by the Japanese government.
The company returned to a net profit, making US$20.8m from a loss of US$54.8m in the same period as the prior year. For Taiheiyo's cement business sales of cement to external customers rose by 10% to US$1.20bn from US$1.09bn.
