Due to land expropriation of the Kwinana plant of the Australian subsidiary, compensation of approximately JPY 3,897 million is expected to be received. A special gain on sale of fixed assets of approximately JPY 3,712 million is scheduled to be recorded in the first quarter of FY ending March 2027.<\/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":"2026-04-08","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/5351-20260408-01.pdf","jir_short_summary":"Due to land expropriation of the Kwinana plant of the Australian subsidiary, compensation of approximately JPY 3,897 million is expected to be received. A special gain on sale of fixed assets of approximately JPY 3,712 million is scheduled to be recorded in the first quarter of FY ending March 2027.","jir_summary":"### Overview of Land Expropriation and Compensation\nShinagawa Refractories Co., Ltd.\u2019s Australian subsidiary, Shinagawa Refractories Australasia Pty Ltd (SRA), has entered into a contract with the Western Australia state government regarding the expropriation of the land of its Kwinana plant located in the Kwinana area of Western Australia. The compensation amount is AUD 35.7 million (approx. JPY 3,897 million), with a gain on sale of AUD 34.0 million (approx. JPY 3,712 million). Operations at the current plant can continue for about two and a half years after the land expropriation. The handover was completed on March 4, 2026.\n\n### Future Factory Relocation Plan and Earnings Impact\nA new factory site has already been secured, and a land purchase agreement is scheduled for April 2026. The new factory will be constructed between 2026 and 2028, with operations expected to commence around September 2028. The current Kwinana plant is planned to close at the same time. The gain on sale of fixed assets related to the compensation, approximately JPY 3,712 million, is scheduled to be recorded as a special gain in the consolidated financial results for the first quarter of the fiscal year ending March 2027.","jir_financial_highlights":"Compensation Amount: AUD 35.7 million (approx. JPY 3,897 million) (Unknown)\nGain on Sale: AUD 34.0 million (approx. JPY 3,712 million) (Unknown)\nDelivery Date: 2026-03-04 (Unknown)","jir_category":"","jir_hashtags":"#ShinagawaRefractoriesCoLtd, #GeneralIR, #JapaneseStocks","jir_key_figures":"Compensation Amount: AUD 35.7 million (approx. JPY 3,897 million)\nGain on Sale: AUD 34.0 million (approx. JPY 3,712 million)\nDelivery Completion Date: 2026-03-04","jir_meta_title":"Shinagawa Refractories Confirms Approx. JPY 3,897 Million Compensation for Land Expropriation at Australian Subsidiary\u2019s Kwinana Plant","jir_meta_description":"Shinagawa Refractories Co., Ltd. expects to receive compensation of approximately JPY 3,897 million associated with the land expropriation of its Australian subsidiary\u2019s Kwinana plant, and plans to record a special gain on sale of fixed assets of approx. JPY 3,712 million in FY ending March 2027.","jir_og_title":"Shinagawa Refractories Announces Land Expropriation and Compensation Confirmation for Kwinana Plant","jir_og_description":"Receives compensation of approx. JPY 3,897 million from land expropriation of Australian subsidiary. New factory expected to commence operations in September 2028.","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-39484","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n