Compulsory Acquisition of Land at the Kwinana Plant of Australian Subsidiary Shinagawa Refractories Australasia and Plant Relocation
Shinagawa Refractories Australasia Pty Ltd (SRA, consolidated subsidiary)
Kwinana plant (Western Australia), Lot 34 Beard Street, Naval Base, Kwinana WA, Australia (land area: 28,405 m²)
The Western Australian Government designated SRA's plant land for road construction as part of a project to build a road connecting directly to a new container port.
A gain on sale of fixed assets of approximately ¥3,712 million is expected to be recorded as extraordinary income. The compensation is A$35.7 million (approximately ¥3,897 million).
Consolidated financial results for the first quarter of the fiscal year ending March 2027
Related procedures
Compulsory acquisition of land
Western Australian Government; Main Roads Western Australia (Western Australia's road authority)
Company response
not disclosed (the existing Kwinana plant will continue operating as usual)
A land sale and purchase agreement for the relocation site is expected to be signed in April 2026. A new plant will be constructed between 2026 and 2028, and the Kwinana plant is expected to close around the time the new plant begins operations, expected around September 2028. The existing plant will continue operating for the time being.
| Item | Details |
|---|---|
| Event name | Compulsory Acquisition of Land at the Kwinana Plant of Australian Subsidiary Shinagawa Refractories Australasia and Plant Relocation |
| Date of occurrence | 4 March 2026 (date on which handover of the currently held site was completed) |
| Subject Entity | Shinagawa Refractories Australasia Pty Ltd (SRA, consolidated subsidiary) |
| Target Locations / Products | Kwinana plant (Western Australia), Lot 34 Beard Street, Naval Base, Kwinana WA, Australia (land area: 28,405 m²) |
| Cause | The Western Australian Government designated SRA's plant land for road construction as part of a project to build a road connecting directly to a new container port. |
| Amount of Impact on Business Performance | A gain on sale of fixed assets of approximately ¥3,712 million is expected to be recorded as extraordinary income. The compensation is A$35.7 million (approximately ¥3,897 million). |
| Accounting period in which recognized | Consolidated financial results for the first quarter of the fiscal year ending March 2027 |
| Type of litigation or proceeding | Compulsory acquisition of land |
| Court or authority | Western Australian Government; Main Roads Western Australia (Western Australia's road authority) |
| Suspended operations | not disclosed (the existing Kwinana plant will continue operating as usual) |
| Outlook | A land sale and purchase agreement for the relocation site is expected to be signed in April 2026. A new plant will be constructed between 2026 and 2028, and the Kwinana plant is expected to close around the time the new plant begins operations, expected around September 2028. The existing plant will continue operating for the time being. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Western Australian Government requested that SRA vacate the site because the plant land was designated for road construction as part of a road project connecting directly to a new container port.