Chia Hsin Cement Advances Okinawa Toyosaki Hot Spring Project to Create Dual Hotel Hubs

Chia Hsin Cement Chairman Chang Kang-lung stated that the company has solidified its revenue structure across four core business units: cement, hospitality, logistics, and asset management. To build its next growth engine, the hospitality unit is planning the 'Toyosaki Hot Spring Development Project' in Okinawa, which is expected to form a dual-hub layout with the existing hotel in Naha, deepening the development of its high-end hospitality business. Chia Hsin held its shareholders' meeting today and resolved to distribute a cash dividend of NT$0.55 per share. Regarding the cement business, which is the cornerstone of the company, revenue reached NT$1.233 billion in 2025, accounting for approximately 41% of total revenue. Chia Hsin stated that despite facing a weak domestic real estate market and competition from low-priced imported cement, the company maintains a strong operational foundation due to its licensed storage and transport advantages at Keelung and Taichung ports. The hospitality unit is a key pillar of the company's transformation, with 2025 revenue reaching NT$835 million, accounting for nearly 30% of total revenue; the hotel in Naha, Okinawa, maintains a stable occupancy rate of over 80%. Chang noted that the Toyosaki project was originally planned for an investment of approximately 30 billion Japanese yen, but due to inflation, rising raw material costs, and labor shortages, construction costs climbed to 50 billion yen, leading to a temporary suspension. With the recovery of the Japanese tourism market and the acquisition of hot spring resources, 70% of the overall plan is now complete.