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SHINAGAWA REFRA CO., LTD

SHINAGAWA REFRA CO., LTD

TTSE:5351
1,972.00
JPY
+21.00
(+1.08%)
92.91BMarket Cap
Nov 10Next Earn
SHINAGAWA REFRA CO., LTD
TSE:5351
(Tokyo Stock Exchange)

Recent

price

1,972.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
2,143.79
2,185.62
2,104.36
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
- -
Revenue per Share
50.57
42.38
54.64
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
- -
Basic EPS, GAAP
149.98
45.35
84.36
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
- -
Free Cash Flow per Basic Share
9.99
9.99
9.99
9.99
9.99
12.98
11.99
15
20.99
27.99
21.98
31.98
39
52.28
80.98
89.98
- -
Dividend per Share
705.47
724.48
805.45
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
- -
Book Value per Share
686.32
707.59
791.26
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
- -
Tangible Book Value per Share
47
47
47
47
47
47
47
47
47
47
47
47
47
47
46
46
46
Basic Weighted Avg Shares
101,070
103,038
99,204
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
- -
Sales/Revenue/Turnover
6.01
5.83
4.81
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
- -
Operating Margin (%)
3,145
3,030
2,458
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
- -
Depreciation Expense
2,384
1,998
2,576
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
- -
Net Income, GAAP
41.87
49.37
37.2
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
- -
Effective Tax Rate (%)
2.36
1.94
2.6
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
- -
Profit Margin (%)
8,278
14,934
16,394
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
- -
Working Capital
3,911
6,886
6,130
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
- -
LT Debt
37,747
38,608
42,847
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
- -
Total Equity
4.63
4.15
4.14
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 Invested Capital (%)
3.4
2.86
3.46
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 Capital (%)
7.28
5.93
7.14
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.