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    Non-energy minerals

  3. •

    Construction materials
SHINAGAWA REFRA CO., LTD

SHINAGAWA REFRA CO., LTD

TTSE:5351
1,972.00
JPY
+21.00
(+1.08%)
92.91BMarket Cap
Nov 10Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2,055.03
2,125.35
2,076.65
2,200.44
2,192.79
2,549.99
2,548
2,139.73
2,369.82
2,671.57
3,099.03
3,160.13
3,895.74
- -
Basic EPS, GAAP
47.18
65.72
59.32
76.42
72.97
133.32
118.86
45.25
113.55
177.59
328.44
214.47
571.44
- -
Free Cash Flow per Basic Share
106.34
53.01
55.86
58.68
-18.23
45.49
73.46
107.21
124.73
78.05
130.02
141.83
78.47
- -
Dividend per Share
9.99
9.99
12.98
11.99
15
20.99
27.99
21.98
31.98
39
52.28
80.98
89.98
- -
Book Value per Share
845
957.88
937.58
1,011.35
1,070.74
1,165.05
1,242.27
1,298.31
1,286.85
1,455.86
1,830.96
1,951.55
2,343.45
- -
Tangible Book Value per Share
832.27
947.93
928.46
1,003.4
1,062.66
1,157.74
1,234.84
1,287.21
1,271
1,358.33
1,716.31
1,335.76
1,268.25
- -
Basic Weighted Avg Shares
47
47
47
47
47
47
47
47
47
47
47
46
46
46
Sales/Revenue/Turnover
96,875
100,188
97,889
103,722
102,749
119,067
118,973
99,969
110,784
124,963
144,175
144,072
177,738
- -
Operating Margin (%)
4.06
4.89
5.13
6.12
5.89
8.6
8.07
7.29
9.12
8.68
9.63
9.22
7.66
- -
Depreciation Expense
2,401
2,515
2,453
2,400
2,330
2,344
2,538
2,581
2,684
2,931
3,807
4,674
8,524
- -
Net Income, GAAP
2,224
3,098
2,796
3,602
3,419
6,225
5,550
2,114
5,308
8,307
15,280
9,778
26,071
- -
Effective Tax Rate (%)
44.07
35.16
35.25
28.5
24.66
29.77
18.87
29.93
27.62
29.73
30.25
31.84
39.53
- -
Profit Margin (%)
2.3
3.09
2.86
3.47
3.33
5.23
4.66
2.11
4.79
6.65
10.6
6.79
14.67
- -
Working Capital
18,736
21,806
22,223
27,862
29,683
34,641
37,764
36,505
39,340
36,258
44,078
49,007
50,630
- -
LT Debt
5,059
4,418
1,458
4,856
4,295
4,171
3,285
488
12,468
12,180
8,880
36,695
27,090
- -
Total Equity
45,257
51,042
50,132
54,186
57,469
62,384
66,715
70,332
63,238
71,425
86,966
93,827
115,924
- -
Return on Invested Capital (%)
3.04
4.34
4.45
6.25
6.12
9.23
9.52
6.07
8.45
7.77
8.46
6.52
4.94
- -
Return on Capital (%)
2.97
4.15
3.63
4.16
3.14
7.03
5.8
1.46
4.55
8.31
13.54
7.21
16.92
- -
Return on Common Equity (%)
5.72
7.29
6.26
7.84
7
11.92
9.87
3.56
8.78
12.95
20.17
11.34
26.61
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
40,169
17,111
- -
LT Borrowings
30,197
22,391
- -
LT Finance Leases
- -
4,699
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
85,334
92,909
87,844

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
110,533
117,376
- -
Cash, Cash Equivalents & STI
23,626
26,598
- -
Accounts Receivable, Net
45,447
49,781
- -
Inventories
33,461
33,635
- -
Total Current Liabilities
76,876
66,746
- -
Payables & Accruals
- -
- -
- -
ST Debt
40,169
17,111
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.11%
11.21%
23.55%
Free Cash Flow
-36%
1.39%
-44.63%
Net Income, GAAP
45.52%
84.43%
166.63%
Sales/Revenue/Turnover
6.71%
12.46%
23.37%
Total Cash Common Dividend
23.2%
32.78%
11.19%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
144,072
2026
- -
- -
- -
- -
177,738
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
214.47
2026
- -
- -
- -
- -
571.44
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
80.98
2026
- -
- -
- -
- -
89.98
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hiroyuki Fujiwara
Full Time Employees
9,089
Sector
Non-energy minerals
Industry
Construction materials
Address
Sapia Tower Tokyo Japan 100-0005
IPO Date
May 16, 1949
Website
shinagawa.co.jp
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Business
Shinagawa Refra Co., Ltd. (formerly Shinagawa Refractories Co., Ltd.) manufactures and sells refractories, insulation materials, fine ceramics and performs furnace construction work for iron and steel, glass, cement, incineration, petrochemical, energy and non-ferrous metals industries worldwide; shaped refractory bricks including basic, carbon-containing, fire clay, high alumina, silicon carbide and silica varieties; monolithic refractories comprising castable, gunning, precast shapes, plastic and ramming mixes and refractory mortars; functional products such as slide gate plate bricks, submerged entry nozzles, monoblock stoppers, ladle shrouds and mold powders for continuous casting; ceramic fibers; multifunctional absorbents and desiccants; inorganic heat-resistant paints and adhesives; and related furnace design, installation and maintenance services. Products serve blast furnaces, RH degassers, torpedo cars, converters, casting, incinerators, glass furnaces and cement kilns. Founded in 1875 and headquartered at 12th Fl., Sapia Tower, 7-12, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, the company operates globally with facilities in Japan, Brazil, the United States, Indonesia, China and Europe. Recent developments include the acquisition of Gouda Refractories Group BV in October 2024 to expand into petrochemical, energy and non-ferrous sectors; establishment of a joint venture in Indonesia in July 2024 via integration with Refratech Mandala Perkasa for monolithic refractories production and installation; purchase of a 60% stake in Reframax Engenharia S/A in Brazil in May 2025; prior acquisitions of Saint-Gobain's refractory business in Brazil and wear-resistant ceramics in the U.S. in December 2022; launch of a new logo and corporate philosophy in July 2025; and a strategic partnership with Sheffield Hi-Tech Refractories in November 2025.