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Shinagawa Refra (5351) · TargetAdvanced

Maintaining and strengthening their position as world-class integrated refractory manufacturers and achieving sustainable growth

First written in FY2016. 17 of 28 entries say "Restated". Latest entry: FY2026.

28entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2022OtherFY2025-H1 – 2026-05-152016: 320162017: 320172018: 420182019: 320192020: 220202021: 220212022: 120222023: 220232024: 320242025: 220252026: 32026
Same theme, other companies
Achieving High Profitability and Creating Markets through Niche-Leading BusinessesA theme 33 companies write about · 0 as a headwind · 33 as a tailwind

The whole theme swung hardest in 2024: 2 of 8 companies on the "Worse" side.

6 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 33 companies compared. The sentences above are computed from all 33.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「The Group’s revenue for the fiscal year was ¥177,738 million, up 23.4% year on year. EBITDA increased 23.3% to ¥22,134 million, operating profit increased 2.5% to ¥13,609 million, and ordinary profit increased 17.1% to ¥15,986 million, helped by foreign-exchange gains.」

    Revenue, EBITDA, operating profit and ordinary profit increased from the previous fiscal year, driven by contributions from Gouda社 and Reframax社, expanded sales of high-value-added products, more appropriate pricing, an improved sales mix and cost reductions.
  2. FY2026-H1First-half revenue growth, lower operating income and higher ordinary incomeAnnual report

    「As a result, the Group’s revenue for the six-month period was ¥81,843 million, up 20.0% year on year. EBITDA increased 24.2% to ¥10,176 million, operating profit decreased 2.5% to ¥6,175 million, and ordinary profit increased 3.7% to ¥6,908 million. Interim net profit attributable to owners of the parent decreased 11.6% to ¥4,343 million, compared with ¥760 million in gains on the sale of non-current assets from the sale of land recorded in the same period a year earlier, as no significant gain on the sale of non-current assets was recorded in the current six-month period.」

    Compared with the declines in revenue and profit in the same period a year earlier, revenue and EBITDA increased in the current six-month period, as did ordinary profit. Operating profit and interim net profit attributable to owners of the parent, however, declined.
  3. FY2025Full-year revenue flat, operating profit downAnnual report

    「As a result, the Group’s revenue for the fiscal year was ¥144,072 million, down 0.1% year on year. EBITDA increased 1.5% to ¥17,953 million, while operating profit decreased 4.4% to ¥13,278 million and ordinary profit decreased 8.4% to ¥13,655 million. Net profit attributable to owners of the parent decreased 36.0% to ¥9,778 million, as the company recorded no significant gain on the sale of non-current assets in the fiscal year, unlike the previous fiscal year.」

    The first-half trend of lower revenue and profit continued through the full year, with revenue broadly flat and operating profit, ordinary profit and net profit attributable to owners of the parent declining. Meanwhile, EBITDA increased, supported by improvements in the sales mix, cost reductions and contributions from overseas operations.
  4. FY2025-H1Lower sales and profit in the first halfAnnual report

    「Revenue was ¥68,230 million, down 6.2% year on year; EBITDA was ¥8,191 million, down 7.0%; operating profit was ¥6,336 million, down 9.0%; and ordinary profit was ¥6,663 million, down 12.6%.」

    Revenue and profit declined in the first half from the record levels of the same period a year earlier, owing to lower domestic crude-steel production and reduced operating levels among overseas customers. Meanwhile, the company is expanding sales in Japan and overseas, revising prices and improving its sales mix.
  5. FY2024AdvancedAnnual report

    「The Fifth Medium-Term Management Plan set targets of ¥115 billion in revenue and ¥11.5 billion in ordinary profit for fiscal 2021–2023. In fiscal 2023, the final year of the plan, the company achieved revenue of ¥144.1 billion and ordinary profit of ¥14.9 billion, substantially exceeding the targets.」

    In the final year of the Fifth Medium-Term Management Plan, revenue and ordinary profit substantially exceeded the plan targets, while revenue and profit at every level reached record highs for the second consecutive year.
  6. FY2024-Q3AdvancedAnnual report

    「Against this backdrop, for the nine months ended the third quarter, the Group’s revenue increased 15.7% year on year to ¥109,130 million, operating profit increased 31.5% to ¥10,842 million, ordinary profit increased 29.3% to ¥11,549 million, and quarterly net profit attributable to owners of the parent increased 94.1% to ¥12,618 million. These results reflected the expansion of spreads through price revisions and an improved sales mix in response to persistently high raw-material costs and soaring fuel and electricity costs, contributions from newly added overseas operations, and expanded sales activities in Japan and overseas. Revenue and profit at every level reached record highs for the nine-month period, continuing the trend seen in the first and second quarters.」

    Revenue was ¥109,130 million, operating profit was ¥10,842 million, ordinary profit was ¥11,549 million, and quarterly net profit attributable to owners of the parent was ¥12,618 million, each reaching a record high for the nine-month period.
  7. FY2024-Q2AdvancedAnnual report

    「Revenue and profit at every level continued to reach record highs for the second quarter.」

    Revenue was ¥72,704 million, operating profit was ¥7,099 million, ordinary profit was ¥7,753 million, and quarterly net profit attributable to owners of the parent was ¥9,436 million, each reaching a record high for the second quarter.
  8. FY2024-Q1AdvancedAnnual report

    「Both revenue and profit reached record highs for the first quarter.」

    Revenue was ¥36,670 million, operating profit was ¥3,599 million, ordinary profit was ¥3,977 million, and quarterly net profit attributable to owners of the parent was ¥6,941 million, each reaching a record high for the first quarter.
  9. FY2022RestatedAnnual report

    「Accordingly, by developing human resources rich in creativity and execution capabilities and pursuing the establishment of superior technological capabilities, high earnings power and a strong financial base, the company aims to ① establish its position as a world-class integrated refractories manufacturer, ② strengthen its ability to respond to customer needs, ③ earn the high level of trust of those who support the company, including shareholders, business partners and local communities, and ④ create an attractive and rewarding working environment for employees.」

    The company has reaffirmed its basic policies concerning a world-class position, technological capabilities, earnings power and financial base, customer service, stakeholder trust and a rewarding workplace.
  10. FY2021RestatedAnnual report

    「Accordingly, by developing human resources rich in creativity and execution capabilities and pursuing the establishment of superior technological capabilities, high earnings power and a strong financial base, the company aims to ① establish its position as a world-class integrated refractories manufacturer, ② strengthen its ability to respond to customer needs, ③ earn the high level of trust of those who support the company, including shareholders, business partners and local communities, and ④ create an attractive and rewarding working environment for employees.」

    The company has reaffirmed its existing basic policies concerning its position as a world-class integrated refractories manufacturer, technological capabilities, earnings power, financial base, customer service, trust and the working environment.
  11. FY2021-Q3RestatedAnnual report

    「In addition to strengthening its management base by expanding earnings in order to meet the expectations and maintain the trust of its many stakeholders, including shareholders, customers and business partners, local communities and employees, the Group is working to enhance corporate value and the common interests of shareholders by thoroughly maintaining its commitment to remain a company that earns society’s trust.」

    The company has reaffirmed its aim of enhancing corporate value by strengthening its management base through earnings growth and operating the business in a manner that meets the expectations of and earns the trust of its stakeholders.
  12. FY2021-Q2RestatedAnnual report

    「In addition to strengthening its management base by expanding earnings in order to meet the expectations and maintain the trust of its many stakeholders, including shareholders, customers and business partners, local communities and employees, the Group is working to enhance corporate value and the common interests of shareholders by thoroughly maintaining its commitment to remain a company that earns society’s trust.」

    The company has reaffirmed its aim of enhancing corporate value and the common interests of shareholders by strengthening its management base through earnings growth and earning the trust of its stakeholders.
  13. FY2020-Q3RestatedAnnual report

    「The company is focusing particularly on developing its facilities and human resources, treating these two areas as the pillars of its efforts, and intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base.」

    The company has reaffirmed its existing policy of establishing a stable earnings base through the development of its facilities and human resources.
  14. FY2020-Q2RestatedAnnual report

    「The company is focusing particularly on developing its facilities and human resources, treating these two areas as the pillars of its efforts, and intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base.」

    The company continues to pursue its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  15. FY2020-Q1RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base, with the development of its facilities and human resources serving as the two pillars of this effort.」

    The company has reaffirmed its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  16. FY2019-Q3RestatedAnnual report

    「Under the Third Medium-Term Management Plan, which has been implemented over three years since fiscal 2015, the company is focusing particularly on developing its facilities and human resources in order to achieve sustainable growth over the long term. On the facilities side, it has been upgrading core equipment at its main plants and installing state-of-the-art equipment to ensure stable supply to customers and improve competitiveness. On the human-resources side, it continues to secure and develop personnel by establishing training systems to raise the capabilities of each employee, as well as ensuring stable recruitment and diversifying its sources of talent, in order to prevail in competition and develop the company. With the development of its facilities and human resources serving as the two pillars of this effort, the Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base.」

    The company continues, without material change, to pursue its existing medium- to long-term policies of achieving sustainable growth, developing its facilities and human resources, and establishing a stable earnings base.
  17. FY2019-Q2RestatedAnnual report

    「Under the Third Medium-Term Management Plan, which has been implemented over three years since fiscal 2015, the company is focusing particularly on developing its facilities and human resources in order to achieve sustainable growth over the long term. With the development of its facilities and human resources serving as the two pillars of this effort, the Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base.」

    The company has reaffirmed that there has been no material change to its existing medium- to long-term policies of achieving sustainable growth, developing its facilities and human resources, and establishing a stable earnings base.
  18. FY2019-Q1RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base, with the development of its facilities and human resources serving as the two pillars of this effort.」

    The company has reaffirmed its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  19. FY2018RestatedAnnual report

    「Accordingly, by developing human resources rich in creativity and execution capabilities and pursuing the establishment of superior technological capabilities, high earnings power and a strong financial base, the company aims to ① establish its position as a world-class integrated refractories manufacturer.」

    The company has reaffirmed its aim of establishing a position as a world-class integrated refractories manufacturer, linking this objective to its technological capabilities, earnings power, financial base and human-resource development.
  20. FY2018-Q3RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base, with the development of its facilities and human resources serving as the two pillars of this effort.」

    The company has reaffirmed its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  21. FY2018-Q2RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base, with the development of its facilities and human resources serving as the two pillars of this effort.」

    The company has reaffirmed its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  22. FY2018-Q1RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a stable earnings base, with the development of its facilities and human resources serving as the two pillars of this effort.」

    The company has reaffirmed its policy of establishing a stable earnings base through the development of its facilities and human resources and meeting shareholders’ expectations.
  23. FY2017-Q3RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a more stable earnings base.」

    The company continues to state its policy of meeting shareholders’ expectations by establishing a stable earnings base.
  24. FY2017-Q2RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a more stable earnings base.」

    The company has reiterated its policy of meeting shareholders’ expectations by establishing a stable earnings base.
  25. FY2017-Q1RestatedAnnual report

    「The Group intends to move forward as one to meet the expectations of its shareholders by establishing a more stable earnings base.」

    The company continues to pursue higher corporate value and shareholder returns through the establishment of a stable earnings base.
  26. FY2016First statedAnnual report

    「The company has established the achievement of reliable earnings and further growth, aimed at maintaining and enhancing its position as a world-class integrated refractories manufacturer, as its medium- to long-term vision and is conducting its business accordingly.」

    The company has explicitly identified maintaining and enhancing its position, securing earnings and achieving further growth as its medium- to long-term vision.
Moved together

"Strengthening Technological and Sales Capabilities, Developing New Products, and Accelerating Overseas Business Expansion" moved the same way as this thread, in the same document, in 5 of its 28 moves.

555332★123456
  1. ★This thread
  2. 1Strengthening Technological and Sales Capabilities, Developing New Products, and Accelerating Overseas Business Expansion5×
  3. 2Passing on Surging Prices of Chinese-Sourced Raw Materials to Selling Prices5×
  4. 3Acquisition of Saint-Gobain’s Brazilian refractories and U.S. wear-resistant ceramics businesses5×
  5. 4Modernization of Core Production Facilities and Strengthening of Stable Supply, Quality and Competitiveness3×
  6. 5Share Repurchases as an Agile Capital Policy3×
  7. 6Completion of Hot-Blast Furnace Construction and Execution of Engineering Projects2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Shinagawa Refra yet. It last moved in the Financial results briefing materials of 2026-05-15: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Maintaining and strengthening their position as world-class integrated refractory manufacturers and achieving sustainable growth | SHINAGAWA REFRA CO.,LTD. (5351) | Komori