Filtered Press Release : 2025 Oct

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.

Filtered Press Release : 2025 Oct

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

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

Archive