Adjusted the second-quarter consolidated earnings forecast for the fiscal year ending March 2027 and forecast the full-year results: net sales of 198,000 million yen, EBITDA of 22,000 million yen, operating income of 13,000 million yen, ordinary income of 14,000 million yen, net income attributable to owners of the parent of 10,500 million yen, and diluted earnings per share of 230.10 yen. Interim figures: net sales 95,000 million yen, EBITDA 9,000 million yen, operating income 4,500 million yen, ordinary income 5,500 million yen, net income attributable to owners of the parent 6,500 million yen, and interim earnings per share 142.44 yen. Dividend forecast: interim 47 yen per share, year-end 48 yen per share, total 95 yen per 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5351","jir_company_name":"Shinagawa Refra Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/5351-20260810-03.pdf","jir_short_summary":"Adjusted the second-quarter consolidated earnings forecast for the fiscal year ending March 2027 and forecast the full-year results: net sales of 198,000 million yen, EBITDA of 22,000 million yen, operating income of 13,000 million yen, ordinary income of 14,000 million yen, net income attributable to owners of the parent of 10,500 million yen, and diluted earnings per share of 230.10 yen. Interim figures: net sales 95,000 million yen, EBITDA 9,000 million yen, operating income 4,500 million yen, ordinary income 5,500 million yen, net income attributable to owners of the parent 6,500 million yen, and interim earnings per share 142.44 yen. Dividend forecast: interim 47 yen per share, year-end 48 yen per share, total 95 yen per share.","jir_summary":"### Overview of Performance\nThis report revises the consolidated earnings forecast for the second quarter of the fiscal year ending March 2027, reflecting expected improvements in the second half market environment and demand-supply recovery across segments. Full-year net sales are forecast at 198,000 million yen, EBITDA at 22,000 million yen, operating income at 13,000 million yen, ordinary income at 14,000 million yen, net income attributable to owners of the parent at 10,500 million yen, and earnings per share at 230.10 yen. Factors affecting the first half include the impact of refractory materials and engineering costs and equipment troubles, with a recovery anticipated in the second half to lift net sales.\n\n### Shareholder Return Policy and Outlook\nDividend forecast is 47 yen per share interim and 48 yen per share year-end, totaling 95 yen per share. Starting from the fiscal year ending March 2027, a progressive dividend policy based on a DOE of 4% or higher will be adopted, balancing financial soundness with long-term shareholder returns. While being mindful of market fluctuations including exchange-rate effects, the strategy is to elevate full-year profits against the backdrop of expected segment-level earnings improvements in the second half.","jir_financial_highlights":"Net sales (full-year forecast): 198,000\u767e\u4e07\u5186 (Increased from the previous forecast of 189,000\u767e\u4e07\u5186)\nEBITDA: 22,000\u767e\u4e07\u5186 (Kept at the previous forecast of 22,000\u767e\u4e07\u5186)\nOperating income: 13,000\u767e\u4e07\u5186 (Same as the previous forecast)\nOrdinary income: 14,000\u767e\u4e07\u5186 (Same as the previous forecast)\nNet income attributable to owners of the parent: 10,500\u767e\u4e07\u5186 (Increased by 1,000\u767e\u4e07\u5186 from previous forecast)\nEarnings per share: 230\u518610\u92ad (Increased by 10\u518612\u92ad from previous forecast)\nDividend forecast Interim: 47\u5186\/\u682a (Same as previous forecast)\nDividend forecast Year-end: 48\u5186\/\u682a (Same as previous forecast)\nAnnual dividend: 95\u5186\/\u682a (Same as previous forecast)","jir_category":"","jir_hashtags":"#ShinagawaRefra, #EarningsForecastRevision, #DividendForecast","jir_key_figures":"Net sales (full-year forecast): 198,000\u767e\u4e07\u5186\nEBITDA: 22,000\u767e\u4e07\u5186\nOperating income: 13,000\u767e\u4e07\u5186","jir_meta_title":"Shinagawa Refra Earnings Forecast Revision \/ Dividend Forecast Announced | FY2027","jir_meta_description":"Shinagawa Refra revised its consolidated earnings forecast for the second quarter of the fiscal year ending March 2027, announcing full-year net sales of 198,000 million yen and a dividend forecast of 95 yen per share. The outlook reflects anticipated second-half recovery, with the first half affected by raw material costs, etc.","jir_og_title":"Shinagawa Refra | Earnings Forecast Revision \/ Dividend Forecast Announced","jir_og_description":"Shinagawa Refra revises its Q2 forecast for FY2027. Full-year net sales are 198,000 million yen, and the annual dividend forecast is 95 yen per share. Outlook expects recovery in the second half.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9630,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-101096","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n