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Management planning5351SHINAGAWA REFRA CO.,LTD.Construction and Materials

Notice concerning capital investment to meet growing demand in growth markets including semiconductor-related fields — strengthening the supply system by expanding capacity at domestic production sites

The company has decided to invest in expanding production facilities for fine ceramics used in semiconductor manufacturing equipment and high-performance thermal insulation materials at its domestic sites, including the Bizen Plant, Setouchi Plant and Isolite Kogyo. The investment will increase firing, precision processing and PCW molding and firing capacity, strengthening the supply system.

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Items stated in the management plan

Publication date22 October 2026

This document does not state the plan name, plan period, or numerical targets.

Investment amount by sectorField Advanced Materials Sector, Fine Ceramics Business Division / Investment site Bizen Plant / Investment focus Expansion of high-temperature firing furnaces / Investment amount Approximately ¥200 million, Field Advanced Materials Sector, Fine Ceramics Business Division / Investment site Setouchi Plant / Investment focus Installation of high-precision processing equipment / Investment amount Approximately ¥300 million, Field Thermal Insulation Materials Sector / Investment site Isolite Kogyo / Investment focus Expansion of PCW molding and firing facilities / Investment amount Approximately ¥350 million
Key initiatives
01Expansion of production capacity in the Fine Ceramics Business Division of the Advanced Materials Sector
02Expansion of high-temperature firing furnaces at the Bizen Plant
03Installation of high-precision processing equipment at the Setouchi Plant
04Expansion of PCW production capacity at Isolite Kogyo in the Thermal Insulation Materials Sector
Plan assumptionsThe semiconductor market is expanding against the backdrop of the spread of AI and other factors, Demand for high-performance thermal insulation materials is growing in advanced industrial fields, including semiconductor-related fields
Non-financial targetsIndicator Firing capacity at the Bizen Plant / Target value Double / Timing Scheduled to begin operations in July 2027
Items stated in the management plan
ItemDetails
Investment amount by sectorField Advanced Materials Sector, Fine Ceramics Business Division / Investment site Bizen Plant / Investment focus Expansion of high-temperature firing furnaces / Investment amount Approximately ¥200 million, Field Advanced Materials Sector, Fine Ceramics Business Division / Investment site Setouchi Plant / Investment focus Installation of high-precision processing equipment / Investment amount Approximately ¥300 million, Field Thermal Insulation Materials Sector / Investment site Isolite Kogyo / Investment focus Expansion of PCW molding and firing facilities / Investment amount Approximately ¥350 million
Non-financial targetsIndicator Firing capacity at the Bizen Plant / Target value Double / Timing Scheduled to begin operations in July 2027
Plan assumptionsThe semiconductor market is expanding against the backdrop of the spread of AI and other factors, Demand for high-performance thermal insulation materials is growing in advanced industrial fields, including semiconductor-related fields
Key initiativesExpansion of production capacity in the Fine Ceramics Business Division of the Advanced Materials Sector, Expansion of high-temperature firing furnaces at the Bizen Plant, Installation of high-precision processing equipment at the Setouchi Plant, Expansion of PCW production capacity at Isolite Kogyo in the Thermal Insulation Materials Sector
Publication date22 October 2026
Items this document does not state (20)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identifiedDate of board resolution

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The semiconductor market is expanding against the backdrop of the spread of AI and other factors, increasing demand for fine ceramics used in semiconductor manufacturing equipment. Demand for high-performance thermal insulation materials is also growing in advanced industrial fields, including semiconductor-related fields, and the investment will enable the stable supply of high-quality products to meet that demand.

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Notice concerning capital investment to meet growing demand in growth markets including semiconductor-related fields — strengthening the supply system by expanding capacity at domestic production sites | SHINAGAWA REFRA CO.,LTD. (5351) timely disclosure | Komori