SHINAGAWA REFRA CO.,LTD.

5351・Prime Market・Glass & Ceramics Products

Official website

SHINAGAWA REFRA CO.,LTD.

5351・Prime Market・Glass & Ceramics Products

Official website

SHINAGAWA REFRA CO.,LTD.5351

Reference Indicators

Market Cap

969¥100M

P/E (Forecast)

9.4x

P/B

0.9x

Dividend Yield (Forecast)

4.62%

ROE

26.6%

EV/EBITDA

5.2x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	110,784	124,963	144,175	144,072	177,738
Cost of Sales	86,227	97,550	111,142	108,928	134,748
Gross Profit	24,556	27,413	33,032	35,143	42,990
SG&A Expenses	14,449	16,568	19,144	21,865	29,380
Operating Income	10,107	10,844	13,887	13,278	13,609
Non-operating Income	960	888	1,464	1,292	3,894
Non-operating Expenses	351	274	449	915	1,518
Ordinary Income	10,716	11,457	14,903	13,655	15,986
Extraordinary Income	709	3,250	8,725	1,836	37,587
Extraordinary Losses	2,011	2,230	1,018	651	10,205
Pre-tax Income	9,413	12,478	22,611	14,840	43,368
Income Taxes	2,600	3,710	6,839	4,725	17,143
Net Income	5,308	8,307	15,280	9,778	26,071
EBITDA	12,791	13,775	17,694	17,952	22,133
Gross Margin	22.2%	21.9%	22.9%	24.4%	24.2%
Operating Margin	9.1%	8.7%	9.6%	9.2%	7.7%
ROA	4.4%	5.8%	9.8%	5.0%	11.2%
ROE	8.8%	13.0%	20.2%	11.3%	26.6%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
耐火物	110,803	8,575	7.7%
断熱材	16,418	2,480	15.1%
先端機材	4,098	-115	-2.8%
エンジニアリング	45,668	2,714	5.9%
その他	750	-39	-5.2%