Shinagawa Refra Co., Ltd.
Announcement Regarding Land Expropriation and Factory Relocation of Australian Subsidiary Shinagawa Refractories Australasia’s Kwinana Plant
The 28,405 m2 land of SRA Pty Ltd’s Kwinana plant in Australia has been expropriated by the Western Australian Government, with handover scheduled for March 2026. Compensation amount is under negotiation and the impact on earnings is currently unknown.
Key Figures
- Land Area: 28,405 m2 (Kwinana Plant Land)
- Contract Signing Date: Scheduled March 2, 2026
- Asset Handover Date: Scheduled March 3, 2026
AI要約
Background and Details of the Agreement
Shinagawa Refractories Australasia Pty Ltd (SRA), a subsidiary of Shinagawa Refractories Co., Ltd., was requested to vacate the Kwinana plant land of 28,405 m2 due to expropriation by the Western Australian Government for the construction of a new container port. In response, SRA agreed to relocate its factory to the nearby Orion Industrial Park and to hand over the currently owned land. The contract was signed on March 2, 2026, with asset handover scheduled for March 3, 2026. The expropriation is conducted under the state’s Land Administration Act, and SRA will claim compensation.
Outlook and Impact
The compensation amount is currently under negotiation with the Western Australian Government and is expected to be finalized by mid-April 2026. The impact on the consolidated earnings for the fiscal year ending March 2026 is being examined, and additional disclosure will be provided promptly once a reasonable estimate is available. The Kwinana plant will continue operations as is, with the new relocated plant expected to start operations around September 2028.
