Latest Press Release

Tokyo Cement Reports Steady Results for FY25/26 Q2 as Construction Sector Rebounds

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 16,322 million and a Profit After Tax (PAT) of Rs. 1,003 million for the 2nd Quarter ending 30th September 2025, compared to a turnover of Rs. 13,833 million and a PAT of Rs. 1,082 million, in the same period last year. Whilst …

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 16,322 million and a Profit After Tax (PAT) of Rs. 1,003 million for the 2nd Quarter ending 30th September 2025, compared to a turnover of Rs. 13,833 million and a PAT of Rs. 1,082 million, in the same period last year. Whilst volume growth remained stable quarter-on-quarter, profit margins contracted with the capitalisation of the Trincomalee expansion projects. The Economic Environment The quarter started with renewed optimism, highlighting a sustained boom in construction activities. Manufacturers and suppliers of construction materials reported continued volume growth, supported by a stable pricing environment, which further propelled sectoral performance. Reflecting the industry’s steady recovery, September recorded the highest sales volumes in cement sales since the onset of the 2022 economic crisis. Another key enabler of this growth was the notably lesser rainfall experienced in 2025 compared to the previous two years, which allowed construction sites to operate relatively uninterrupted. Lower interest rates and improved macroeconomic stability spurred a significant expansion in private sector credit, driving increased investment activity across both construction and real estate sectors. Developers of large-scale residential and mixed-use projects capitalised on the low-interest environment by introducing attractive financing schemes, stimulating end-user demand. This momentum was further reinforced by government-led infrastructure development projects starting with the Kadawatha-Mirigama section of the Central Expressway and several other regional developments undertaken by local government bodies. Robust fiscal performance was underpinned by improved government revenue collection, whilst the economy was estimated to have grown by 4.8% during the first half of 2025. Notable improvements in inflows from tourism and workers’ remittances helped stabilise the Rupee’s performance against the Dollar, and led to an upgrade in the country’s sovereign rating by all three major rating agencies. Outlook The recently announced credit rating upgrades coupled with a positive fiscal trajectory, signaled that the country is within reach of achieving its short-term fiscal targets. This reaffirms a steady recovery from the economic challenges that plagued the business environment in the past years. The continuation of low interest rates, a stable currency, and subdued inflation over the medium to long term is expected to sustain this growth momentum, despite temporary shocks that may arise due to weather disruptions and energy cost fluctuations that can impact inflation targets. Sustained economic progress, however, depends largely on the Government’s ability to attract Foreign Direct Investment (FDIs) into key sectors and to strengthen partnerships with multilateral lending agencies. A series of new policy-based lending agreements with the World Bank and the ADB are anticipated to channel critical investments into nationwide construction activities. Moreover, the resumption of major foreign-funded infrastructure projects is expected to spur demand for cement and concrete. Tokyo Cement maintains its conservative short- to medium-term outlook but remains confident in the country’s economic fundamentals. The Group is well positioned to capture the anticipated growth in demand arising from renewed development activity with a robust production capacity. Continuing its disciplined cost management approach, Tokyo Cement Group remains committed to safeguarding stakeholder value and playing an active role in supporting the nation’s economic resurgence. —

Tokyo Cement Group and Foundation of Goodness: A Decade of Nurturing Cricketing Dreams

Photo: Mr. S. R. Gnanam – Managing Director, Tokyo Cement Company (Lanka) PLC. presenting the Cricket Coaching Academy sponsorship for 2025 to Mr. Kushil Gunasekera – Founder/Chief Trustee, Foundation of Goodness. Tokyo Cement Group extended the sponsorship of Cricket Coaching Camps with the Foundation of Goodness (FoG) for the 10th consecutive year. Over the past decade this transformative partnership has opened doors for hundreds of aspiring schoolboys and schoolgirls from remote backgrounds to rise through the ranks and make their mark at divisional, national, as well as international cricket. This year’s sponsorship will primarily focus on the Northern coaching camp, with the aim of creating more opportunities for talented young players from the region to chase their cricketing dreams. In its ten-year history this impactful partnership between Tokyo Cement Group and the Foundation of Goodness has produced 23 exceptional young cricketers from rural communities in the North and South who have earned places in Sri Lankan national teams. To date, nearly 4,200 children from the North and 3,780 from eight schools across 35 southern villages have benefited from the coaching camps led by professional trainers. This includes multiple superstars in the Sri Lanka Women’s National Team, such as Kaveesha Dilhari, Sachini Nisansala, Imesha Dulani, Kawya Kavindi, Umasha Thimeeshani, Nilakshana Sandamini, Sathya Sandeepani, Sachini Gimahani, and many others, bringing unprecedented glory to the country, including winning the Women’s T20 Asia Cup 2024. The FOG Cricket Academy was also the powerhouse behind star-class national players in Sri Lanka’s Under-19 Team including Vijayakanth Viyaskanth, Navod Paranavithana, Malsha Tharupathi, Haren Weerasinghe, and S. Mathushan among others, standing proof of the solid foundation laid by the Tokyo Cement-Foundation of Goodness Cricket Coaching Academy. V. Akash of Heartley College and K. Muthulan of St. John’s College, Jaffna, selected for the Sri Lanka U19 tour of West Indies in September 2025 Adding impetus to the initiative this year, the Northern cricket camp proudly celebrated two of its brightest talents, V. Akash from Heartley College and K. Muthulan from St. John’s College in Jaffna, earning selection to the Sri Lanka U19 National Squad for the West Indies tour in September 2025. Furthermore, the Southern coaching camp celebrated the outstanding performance of Rathgama Devapathiraja College’s U17 Team, comprised of regular campers, led by the 2024/25 MCC at Lord’s Scholarship recipient and rising star Arosha Sithumina taking his side to victory with 150 runs in the U17 All-Island Quarterfinals in Colombo, before going on to win the U17 A-Division Championship. This win combined with their U13 team becoming joint champs, the U15 and U19 teams becoming runners-up meant that Rathgama Devepathiraja College made history by reaching four national finals in a single season. Furthermore, the MCC facility in Hikkaduwa also produced champions, with Sri Sumangala College winning 16 consecutive matches outright to claim both the U19 Two-Day and One-Day Division 3 titles, which is a historical school record, earning promotion to Division 2. A session of the Tokyo Cement North Cricket Camp held in Jaffna The Tokyo Cement-Foundation of Goodness Cricket Coaching Academy started in 2014 by setting up two fully equipped top-grade training grounds in Hikkaduwa and Seenigama. The success of the Southern camp inspired Tokyo Cement to expand the programme to the North in 2017, with the goal of identifying 50 promising young players and training them to become star-class Sri Lankan cricketers. The coaching camps held in the North are received with much enthusiasm, attracting many schoolgirl and schoolboy cricketers from all age groups from Jaffna, Killinochchi, Oddusudan, Mankulam, Mullaitivu, and Vavuniya, who have achieved remarkable results, from national titles to international recognition. More from a Tokyo Cement North Cricket Camp held in Jaffna Guided by renowned coaches headed by Hemantha Devapriya and Susantha Karunarathna, under the leadership of FoG’s Director of Sports, Mr. Anura De Silva, the academy nurtures young talent at grassroot level by giving them access to expert training and facilities. In addition, district and school-level coaches support promising young cricketers to hone their skills and induct them into an elite pool of players who receive specialized training. Tokyo Cement South Cricket Camps are held at Seenigama Surrey Oval This 10-year milestone of the Tokyo Cement–Foundation of Goodness partnership stands as a testament to creating equal opportunities and nurturing the confidence of a new generation of talented rural cricketers, capable of carrying Sri Lanka’s pride onto the international cricket arena.

HE the Ambassador of Japan Visits Tokyo Cement Factory in Trincomalee

His Excellency Akio Isomata, Ambassador of Japan to Sri Lanka, paid an official visit to the Tokyo Cement Factory in Trincomalee, underscoring the long-standing friendship and economic cooperation between Japan and Sri Lanka. The Ambassador was accompanied by Ms. Yukako Mizunuma, Finance Attaché, and Ms. Sachi Tanaka, Second Secretary of the Embassy of Japan. The visit highlighted Tokyo Cement’s latest expansion project, which recently added one million metric tons to the company’s manufacturing capacity, a milestone in strengthening Sri Lanka’s economic expansion and industrial development. HE the Japanese Ambassador and delegation at the Tokyo Cement Jetty Welcomed at the Tokyo Cement Center for Excellence by Mr. S.R. Gnanam, Managing Director of Tokyo Cement Company (Lanka) PLC, and Mr. Michio Matsuoka, Non-Executive Director representing Mitsubishi UBE Cement Corporation, Tokyo Cement’s technology partner, the Japanese delegation toured the Eastern Cement Factory. The program included visits to the newly inaugurated cement mill, the Tokyo Cement Jetty at the Port of Trincomalee, and the A.Y.S. Gnanam Village Heartbeat Empowerment Centre, reflecting the company’s commitment to socio-economic development. HE the Japanese Ambassdor observing the Tokyo Cement Biomass Power Plant For more than four decades, Tokyo Cement has stood as a symbol of the enduring partnership between Japan and Sri Lanka, representing not only industrial growth but also a shared vision for sustainable development. Ambassador Isomata, having observed the facilities of the factory, remarked that he was particularly impressed by the cement company’s achievement of not only strong performance but also 100% biomass-powered electricity generation, as well as highly impactful CSR activities focused on education and capacity-building of people of local communities, including women and children. HE the Japanese Ambassdor at the Tokyo Cement product testing laboratory The Japanese delegation observing a vocational training session held at the A.Y.S. Gnanam Village Heartbeat Empowerment Center Being the country’s largest manufacturer of high-quality cement, concrete, and cement-based innovative products, Tokyo Cement has earned its reputation as the most trusted supplier in the construction industry. The Company is dedicated to enriching the national economy through local value creation, while strengthening Sri Lanka’s industrial progress. With an unwavering commitment to quality, innovation, and sustainability, the company has become an integral part of the country’s growth journey to become the leading partner in Nation-building. — Photo: His Excellency Akio Isomata, Ambassador of Japan to Sri Lanka and his delegation visiting the operations command center at the Tokyo Easter Cement Factory

Tokyo Cement Powers Civil Engineering Innovation at University of Peradeniya ‘Industry-Uni Collaboration Day 2025’

The Department of Civil Engineering of University of Peradeniya in partnership with the Tokyo Cement Group, concluded its flagship event ‘Industry–University Collaboration Day 2025’ with remarkable success, fostering dynamic engagement between academia and industry stakeholders. Prof. Kushan Wijesundara, Head of the Department of Civil Engineering, University of Peradeniya Held at the Centre of Excellence for Water and Sanitation (CEWAS) Auditorium in Ratmalana, the event was graced by the Honourable Prime Minister and Minister of Education, Higher Education, and Vocational Education, Dr. Harini Amarasuriya as the Chief Guest. Other distinguished guests included Prof. Terrance Madhujith, Vice Chancellor, Prof. Lilantha Samaranayake, Dean of the Faculty of Engineering, and Prof. Kushan Wijesundara, Head of the Department of Civil Engineering of the University of Peradeniya, senior faculty members, renowned industry professionals, and both past and present postgraduate and undergraduate students. Hon. Prime Minister Dr. Harini Amarasuriya, in her keynote address, emphasized the importance of curriculum reform to promote STEM education aligned with global standards, the role of university research in advancing industry to meet contemporary development needs, and the importance of establishing equal educational opportunities to transform the nation’s future. The Prime Minister also commended the University’s efforts to produce industry-ready graduates through collaborative work, that nurture practical thinkers equipped with real-world problem-solving skills. Postgraduate and undergraduate students from the University of Peradeniya’s Department of Civil Engineering presenting their innovative solutions at the event This annual event of the Department of Civil Engineering of the University of Peradeniya showcases research output by undergraduate and postgraduate students with the potential to transform the civil engineering sector. It is a platform to share ideas addressing current engineering challenges through novel thinking and innovation. It brings together stakeholders from the government, state authorities, research institutes, public and private firms, academia, and engineering students, to facilitate stronger industry-academia collaboration. Prof. Terrence Madhujith, Vice Chancellor, University of Peradeniya Prof. Lilantha Samaranayake, Dean of the Faculty of Engineering, University of Peradeniya Spanning the full spectrum of civil engineering: Structural, Geotechnical, Transportation, Water Resources, and Environmental Engineering, the event featured poster exhibitions, oral presentations, and case studies from successful academia-industry partnerships. A standout feature of the program was the Shotgun Presentations, where students delivered concise, two-minute pitches of their research projects. The rapid-fire presentations emphasized practical engineering solutions, offering students the opportunity to highlight the department’s cutting-edge research capabilities aligned with real-world needs. Furthermore, faculty members of the Department of Civil Engineering presented potential collaboration opportunities for deeper industry engagement, paving the way for meaningful dialogue among students, academics, industry professionals, and policymakers. Building on its longstanding partnership with the Department of Civil Engineering, Tokyo Cement Group, as the sole sponsor of ‘Industry-University Collaboration Day 2025,’ exemplified the crucial role of industry leaders in nurturing future engineers and advancing applied research. The event allowed Tokyo Cement’s state-of-the-art R&D hub, the Construction Research Centre (CRC) to showcase innovations in cement and concrete technology, demonstrating its leadership in advanced, sustainable construction solutions. The presentation emphasized CRC’s capabilities in re-engineering products, its role in quality assurance, and specialized concrete testing services with a comprehensive Non-Destructive Testing (NDT) laboratory. The event enhanced the far-reaching affiliation between the University of Peradeniya, the pre-eminent academic institution in the country and the Tokyo Cement Group, Sri Lanka’s largest manufacturer of cement, concrete, and cement-based value-added products, reiterating the Group’s commitment to promote world-class knowledge sharing to inspire and uplift the local construction industry.

Tokyo Cement Clinches Two Top Honours at 2025 Sustainability Awards

Tokyo Cement Group was recognized for its outstanding commitment to sustainability with two prestigious accolades at the recently held Sri Lankan Sustainability Awards 2025. The Group’s innovative Value-Added Product, TOKYO SUPERBOND Premium Tile Adhesive, received the Sustainable Innovation Award, in recognition of its low carbon footprint and contribution to create healthier living environments, thanks to its low Volatile Organic Compound (VOC) content that enhances indoor air quality. The second award honoured the Tokyo Cement Centre for Technical Excellence in Trincomalee, which received the Sustainable Construction Project Award, recognizing its unique ecofriendly engineering and design features as a Platinum Certified GREEN Building. These two accolades further affirm Tokyo Cement Group’s deep-rooted and industry-leading commitment to sustainability, deeply ingrained in its corporate DNA and seamlessly embedded into the company’s operations and product strategy. TOKYO SUPERBOND Premium Tile Adhesive won the Sustainable Innovation Award at the Sri Lankan Sustainability Awards 2025 The 13th World Construction Symposium (WCS) and Sri Lankan Sustainability Awards 2025 was held under the auspices of Hon. Anura Karunathilaka, Minister of Urban Development, Construction and Housing, whilst Prof. Chitra Weddikkara, Prof. Yasangika Sandanayake, Dr. Rohan Karunaratne, Eng. Sagara Gunawardena, Mr. Kalana Alwis, and Eng. Saliya Kaluarachchi were among the distinguished guests. This year’s event was jointly organized by the Ceylon Institute of Builders (CIOB) in academic partnership with the Building Economics and Management Research Unit and the Department of Building Economics of the University of Moratuwa, and endorsed by the Ministry of Urban Development, Construction and Housing. The annual awards ceremony encourages environmentally conscious business practices by highlighting remarkable sustainability efforts in the Sri Lankan construction industry. Tokyo Cement Centre for Technical Excellence in Trincomalee received the Award for Sustainable Construction Project at the Sri Lankan Sustainability Awards 2025 The Tokyo Cement Centre for Technical Excellence, recipient of the Sustainable Construction Project Award, is the operational and administrative hub of Tokyo Cement’s manufacturing facility in Trincomalee. It houses the Group’s ISO 17025-accredited R&D and quality assurance laboratories, and the central command center that integrates four fully-automated cement mills and two biomass power plants that sustainably power the entire production process with unmatched efficiency and environmental performance. The Centre also features a 200-seat, state-of-the-art auditorium for conferences, educational programs, and community outreach, further augmenting its value. Certified as a Platinum GREEN® Building by the Sri Lanka Green Building Council in 2019, the technical centre incorporates eco-friendly design elements that enhance energy and resource efficiency. Powered by 75kW of solar energy to reduce grid dependency, the building’s northeast orientation maximizes natural daylight, supported by low-E glass for thermal insulation, LED lighting, and zoned HVAC systems with individual controls to minimize energy use. Water conservation measures include a wastewater recycling system, a rainwater harvesting facility, and reuse of air-conditioning condensate for irrigation, preserving the building’s greener outlook with minimal environmental impact. TOKYO SUPERBOND Premium Tile Adhesive, winner of Sustainable Innovation Award at Sri Lankan Sustainability Awards 2025 TOKYO SUPERBOND Premium Tile Adhesive that won the Sustainable Innovation Award, is an advanced combination of blended hydraulic cement, graded sand, polymers, and organic additives, engineered to meet Class C2ETS1 under the BS EN 12004 standard. Its optimized formulation uses less cement while delivering higher performance, significantly reducing its carbon footprint. This polymer-modified adhesive offers enhanced flexibility and superior bond strength, allowing it to adapt to vast temperature changes in tropical climates, whilst preventing tile cracking or popping, best suited for large-format tile installations. Formulated with a low VOC content at just 0.36 w/w% (5.2 g/L, tested by ITI), well below the U.S. Green Building Council’s 65 g/L limit for ceramic tile adhesives, makes it a safer, healthier choice for indoor spaces, promoting better indoor air quality and healthier living environments. As the industry leader, Tokyo Cement Group has made strategic investments to reduce its environmental footprint, integrating innovation, thoughtful design, and a strong commitment to sustainability across its operations and product strategy. At the helm of these efforts is its highly admired renewable energy generation programme with a total installed capacity of 24MW. Acknowledging these standard-setting sustainability practices Tokyo Cement Group has been accredited multiple times for making sustainability a key business priority. Whilst the Group’s promise on sustainability comes to life through a range of far-reaching conservation programmes, Tokyo Cement has earned the reputation as the most trusted supplier of high-quality cement, concrete, and cement-based innovative products in Sri Lanka. By successfully integrating social welfare and environmental conservation into its mission to enrich the country, its people and the environment, Tokyo Cement Group has reaffirmed its position as the leading partner in Nation-building. Photo: The Tokyo Cement Centre for Technical Excellence in Trincomalee is the technical operations and administrative hub of the Group.