Shinagawa Refractories has recorded total impairment losses of approximately 9.7 billion yen at the Ako plant and its Brazilian subsidiaries, and downwardly revised its net income attributable to owners of parent for the fiscal year ending March 2026 by 5 billion yen 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-16","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/5351-20260416-01.pdf","jir_short_summary":"Shinagawa Refractories has recorded total impairment losses of approximately 9.7 billion yen at the Ako plant and its Brazilian subsidiaries, and downwardly revised its net income attributable to owners of parent for the fiscal year ending March 2026 by 5 billion yen (16.1%).","jir_summary":"### Regarding the Recording of Impairment Losses\nShinagawa Refractories Co., Ltd. has decided to record impairment losses of approximately 4.3 billion yen at the Ako plant, approximately 3.9 billion yen at its consolidated Brazilian subsidiary Shinagawa Refrat\u00e1rios do Brasil Ltda. (SRB), and approximately 1.5 billion yen at Reframax Engenharia S.A. (Reframax) in the consolidated financial results for the fiscal year ending March 2026. The Ako plant's production and sales volume fell short of plan due to declining domestic demand for refractory products; SRB was affected by decreased operating rates of major customers due to the influx of Chinese steel materials; and Reframax is facing deteriorating conditions in the Brazilian steel industry. These impairments reflect a reassessment of asset values in light of changes in the business environment.\n\n### Revision of Consolidated Earnings Guidance and Outlook\nThe consolidated earnings guidance for the fiscal year ending March 2026 remains unchanged for net sales, EBITDA, operating income, and ordinary income; however, due to the recording of impairment losses, the net income attributable to owners of parent has been downwardly revised to 26,000 million yen (a 16.1% decrease from the previous forecast). Meanwhile, the annual dividend forecast of 90 yen per share remains unchanged. Going forward, Shinagawa Refractories will continue efforts to improve production efficiency, expand sales activities, and stabilize the Brazilian market, while strengthening global collaboration and its business foundation.","jir_financial_highlights":"Net Sales: 176,000 million yen (No change from previous forecast)\nEBITDA: 21,500 million yen (No change from previous forecast)\nOperating Income: 13,000 million yen (No change from previous forecast)\nOrdinary Income: 14,900 million yen (No change from previous forecast)\nNet Income Attributable to Owners of Parent: 26,000 million yen (\u25bc5,000 million yen (\u25bc16.1%) from previous forecast)\nNet Income per Share: 569.76 yen (\u25bc109.57 yen from previous forecast)\nTotal Impairment Losses: Approximately 9.7 billion yen (Newly recorded)","jir_category":"","jir_hashtags":"#ShinagawaRefractoriesCoLtd, #EarningsGuidanceRevision, #ImpairmentLoss, #JapaneseStocks","jir_key_figures":"Total impairment losses: Approximately 9.7 billion yen (4.3 billion yen at Ako plant, 3.9 billion yen at SRB, 1.5 billion yen at Reframax)\nNet income attributable to owners of parent forecast for fiscal year ending March 2026: 26,000 million yen (16.1% decrease from previous forecast)\nAnnual dividend forecast: 90.00 yen (no change)","jir_meta_title":"Shinagawa Refractories Revises Down Fiscal 2026 Earnings Guidance, Records Approximately 9.7 Billion Yen Impairment","jir_meta_description":"Shinagawa Refractories recorded impairment losses totaling approximately 9.7 billion yen at the Ako plant and Brazilian subsidiaries in fiscal 2026, revising down net income attributable to owners of parent by 16.1%. Dividend forecast remains unchanged.","jir_og_title":"Shinagawa Refractories Revises Down Fiscal 2026 Earnings Guidance, Records Approximately 9.7 Billion Yen Impairment","jir_og_description":"Following the recording of impairment losses totaling approximately 9.7 billion yen, Shinagawa Refractories has revised down its net income forecast for fiscal 2026. Dividend forecast remains unchanged.","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-41105","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n