Source disclosure: February 05, 2026
SHINAGAWA REFRA CO.,LTD. [5351.T]
TOKYO — SHINAGAWA REFRA CO., LTD. reported its third quarter earnings for the fiscal year ending March 2026 on February 5, 2026. The company, listed on both the Tokyo and Osaka stock exchanges under code number 5351, saw significant growth in several key performance indicators during the period from April 1, 2025 to December 31, 2025.
The consolidated sales revenue for the third quarter of the fiscal year 2026 was ¥130,047 million, marking a 23.7% increase compared to the same period last year. Additionally, the company's EBITDA rose by 19%, reaching ¥15,277 million. However, operating income decreased by 10% to ¥8,950 million. Despite this decline, net income attributable to shareholders of the parent company surged by 278.4% to ¥29,985 million. This substantial rise is attributed to various factors including improved operational efficiency and cost management strategies implemented over the past year.
Regarding the financial position as of the end of the third quarter, Shinagawa Refra’s 2%. Furthermore, the company's per-share book value reached ¥2,615.29, reflecting strong underlying asset strength and shareholder equity.
In terms of dividend policy, no interim dividends were declared for the first two quarters of the current fiscal year. For the third quarter, an interim dividend of ¥45 per share has been proposed, aligning with the previous year's distribution pattern. Looking ahead, the company forecasts full-year revenues of ¥176,000 million, representing a 22.2% increase from the prior year. While the projected EBITDA is expected to grow by 19.8% to ¥21,500 million, the forecasted operating profit is anticipated to decrease slightly by 2.1% to ¥13,000 million. Nonetheless, net income attributable to shareholders of the parent company is set to reach ¥31,000 million, indicating a healthy outlook for profitability throughout the fiscal year.
Shinagawa Refra also noted important changes in its consolidation scope during the reporting period, including the acquisition of one new subsidiary, Reframax Engenharia S.A., and the exclusion of another subsidiary, Shinagawa Fine Ceramics Co., Ltd. These adjustments reflect strategic shifts aimed at optimizing the company's portfolio and enhancing overall business resilience.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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