For Q3 of the fiscal year ending March 2026, net sales amounted to JPY 130.047 billion (23.7% YoY increase), and net income attributable to owners of the parent for the quarter was JPY 29.985 billion (278.4% YoY 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5351-20260205-01.pdf","jir_short_summary":"For Q3 of the fiscal year ending March 2026, net sales amounted to JPY 130.047 billion (23.7% YoY increase), and net income attributable to owners of the parent for the quarter was JPY 29.985 billion (278.4% YoY increase).","jir_summary":"### Overview of Business Results\nIn the cumulative Q3 period of the fiscal year ending March 2026, net sales amounted to JPY 130.047 billion (23.7% YoY increase), supported by contributions from the refractory segment\u2019s Dutch subsidiary Gouda and consolidation of the Brazilian company Reframax in the engineering segment. Meanwhile, operating income was JPY 8.950 billion (10.0% YoY decrease), impacted by increased goodwill amortization and profit declines in the insulation and advanced equipment segments. Net income attributable to owners of the parent for the quarter significantly rose to JPY 29.985 billion (278.4% YoY increase), due to gains on sales of fixed assets.\n\n### Financial Position and Revision of Earnings Guidance\nTotal assets increased to JPY 237.513 billion (up JPY 42.299 billion from the previous fiscal year-end), net assets rose to JPY 127.429 billion (up JPY 33.601 billion), and the equity ratio improved to 50.2%. The full-year earnings forecast for the fiscal year ending March 2026 remains unchanged with net sales of JPY 176.0 billion and net income attributable to owners of the parent at JPY 31.0 billion. However, EBITDA and operating income forecasts have been revised downward due to some acquisition-related expenses and a deterioration in sales mix in the insulation segment, with operating income revised to JPY 13.0 billion (10.3% decrease from the previous forecast). The dividend forecast remains unchanged at JPY 90 per annum.","jir_financial_highlights":"Net Sales: JPY 130.047 billion (23.7% YoY increase)\nEBITDA: JPY 15.277 billion (19.0% YoY increase)\nOperating Income: JPY 8.950 billion (10.0% YoY decrease)\nOrdinary Income: JPY 10.893 billion (0.6% YoY increase)\nNet Income Attributable to Owners of Parent: JPY 29.985 billion (278.4% YoY increase)\nTotal Assets: JPY 237.513 billion (Increase of JPY 42.299 billion from previous fiscal year-end)\nNet Assets: JPY 127.429 billion (Increase of JPY 33.601 billion from previous fiscal year-end)\nEquity Ratio: 50.2% (Increased YoY (from 45.6% to 50.2%))\nNumber of Shares Outstanding (Including Treasury Stock): 47,146,830 shares (No change YoY)\nNumber of Treasury Shares: 1,513,710 shares (Decreased YoY (from 1,543,492 shares to 1,513,710 shares))\nAnnual Dividend Forecast: JPY 90 (Year-end dividend of JPY 45 planned) (No change from previous forecast)","jir_category":"","jir_hashtags":"#ShinagawaRefraCoLtd, #FinancialSummary, #JapaneseStocks","jir_key_figures":"Net Sales: JPY 130.047 billion (23.7% YoY increase)\nNet Income Attributable to Owners of Parent for the Quarter: JPY 29.985 billion (278.4% YoY increase)\nEquity Ratio: 50.2% (up from 45.6% YoY)","jir_meta_title":"Shinagawa Refra Co., Ltd. Q3 Financial Results for Fiscal Year Ending March 2026: Net Sales Exceed JPY 130 Billion, Significant Net Income Growth","jir_meta_description":"Shinagawa Refra Co., Ltd.'s financial summary for Q3 of the fiscal year ending March 2026. Net sales rose 23.7% YoY to JPY 130.047 billion, and net income attributable to owners of the parent increased 278.4% to JPY 29.985 billion. The dividend forecast remains unchanged at JPY 90 per annum.","jir_og_title":"Shinagawa Refra Co., Ltd. Q3 Financial Results for Fiscal Year 2026","jir_og_description":"Net sales exceeded JPY 130 billion with net income growing 278.4% YoY. 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