The 28,405 m2 land of SRA Pty Ltd\u2019s 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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","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":""},"tablet":{"background-color":"","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":"","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":""}},"ast-content-background-meta":{"desktop":{"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":""},"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 Refractories Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-02-19","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5351-20260219-01.pdf","jir_short_summary":"The 28,405 m2 land of SRA Pty Ltd\u2019s 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.","jir_summary":"### Background and Details of the Agreement\nShinagawa 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\u2019s Land Administration Act, and SRA will claim compensation.\n\n### Outlook and Impact\nThe 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.","jir_financial_highlights":"Land Area: 28,405 m2 (Unknown)\nAsset Handover Date: Scheduled March 3, 2026 (Unknown)\nCompensation Amount: Unknown (Under Negotiation)","jir_category":"","jir_hashtags":"#ShinagawaRefractoriesCoLtd, #GeneralIR, #AustralianSubsidiary","jir_key_figures":"Land Area: 28,405 m2 (Kwinana Plant Land)\nContract Signing Date: Scheduled March 2, 2026\nAsset Handover Date: Scheduled March 3, 2026","jir_meta_title":"Shinagawa Refractories to Conclude Land Expropriation and Relocation Agreement for Australian Subsidiary\u2019s Kwinana Plant","jir_meta_description":"Shinagawa Refractories Co., Ltd. will conclude a contract for land handover and factory relocation in March 2026 following expropriation of its subsidiary SRA\u2019s Kwinana plant land by the Western Australian Government. Compensation is under negotiation and earnings impact is undecided.","jir_og_title":"Shinagawa Refractories Announces Relocation of Australian Subsidiary\u2019s Factory","jir_og_description":"The land of subsidiary SRA\u2019s Kwinana plant is expropriated by the state government and will be handed over in March 2026. Compensation amount is under negotiation and the impact on earnings is currently under review.","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":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-30196","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n