Company profile

SHINAGAWA REFRA CO., LTD.

EDINET
E01146
Securities
5351
Industry
Glass & Ceramics Products
Latest annual securities report
2026-06-22 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-06-26 Extraordinary Report PDF HTML
Compare this company

Industry position

Glass & Ceramics Products

View details
Profitability Above average Current Top 33% 5-year trend Broadly stable
Financial strength Weak Based on Equity ratio Current Bottom 17% 5-year trend Deteriorating
Growth Very strong Current Top 3% 5-year trend Improving
Cash generation Above average Current Top 35% 5-year trend Broadly stable

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥177.74 billion, up 23.4% year over year. Operating income was ¥13.61 billion, up 2.5% year over year. Operating margin was 7.7%. Net income was ¥26.07 billion, up 166.6% year over year. ROE was 22.5%; equity ratio was 46.1%; free cash flow was ¥24.65 billion.

Revenue ¥177.74B up 23.4% year over year
Operating income ¥13.61B up 2.5% year over year
Net income ¥26.07B up 166.6% year over year
Total assets¥231.82B
Total equity—
Operating cash flow¥13.86B
Free cash flow¥24.65B

Industry position details

Glass & Ceramics Products

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Above average

Operating margin Bottom 60% / ROE Top 10%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 86%

Growth Very strong

Revenue growth Top 3% / 3-year revenue CAGR Top 8%

Cash generation Above average

Operating cash flow margin Bottom 62% / Free cash flow margin Top 12%

Profitability Industry position history Broadly stable
2026 Top 33% 2025 Top 28% 2024 Top 17% 2023 Top 25% 2022 Top 36%
Financial strength Industry position history Deteriorating
2026 Bottom 17% 2025 Bottom 16% 2024 Bottom 36% 2023 Bottom 30% 2022 Bottom 36%
Growth Industry position history Improving
2026 Top 3% 2025 Top 42% 2024 Top 8% 2023 Top 35% 2022 Bottom 50%
Cash generation Industry position history Broadly stable
2026 Top 35% 2025 Bottom 28% 2024 Top 40% 2023 Bottom 47% 2022 Top 45%
Profitability Operating margin 7.7% Industry median 8.9% Bottom 60% Comparison sample 42
Profitability ROE 22.5% Industry median 7.3% Top 10% Comparison sample 42
Financial strength Equity ratio 46.1% Industry median 64.4% Bottom 86% Comparison sample 42
Growth Revenue growth +23.4% Industry median +4.9% Top 3% Comparison sample 42
Growth 3-year revenue CAGR +12.5% Industry median +4.3% Top 8% Comparison sample 41
Cash generation Operating cash flow margin 7.8% Industry median 9.8% Bottom 62% Comparison sample 42
Cash generation Free cash flow margin 13.9% Industry median 3.2% Top 12% Comparison sample 42

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 177738000000 13609000000 15986000000 26071000000 26071000000 33448000000 231818000000 115892000000 115925000000 92652000000 115925000000 13861000000 10785000000 -26050000000 24646000000 26213000000 571.45 3.6 2057.220 96991401612.600 2343.45 47146830 0.5000690197 0.461 0.2248954065 0.1124632255 0.076567757 0.0899413744 0.1466821951 0.0779855743 0.1386647762 0.2336748293 0.0249284531 0.1707067008 1.6662916752 0.1875070436 0.2355053928 0.0577686203 1.3615003017 -2.1843600818 2.4731619845 -0.0156220662 1.6643509884 0.0 1.4354233655 9089
FY2025 Consolidated Japanese GAAP 144072000000 13278000000 13655000000 9778000000 9778000000 9668000000 195214000000 101386000000 93828000000 81597000000 93828000000 13104000000 -29834000000 21995000000 -16730000000 26629000000 214.48 7.9 1694.392 79885211577.360 1951.55 47146830 0.4806417573 0.456 0.1042119623 0.0500886207 0.0921622522 0.0947789994 0.0678688434 0.0909545227 -0.1161224943 -0.0007144096 -0.0438539641 -0.0837415286 -0.360078534 0.2583329573 0.0788919935 0.1149493746 -12.5770275514 2.914439899 -2.1674808095 0.249894391 -0.347013335 0.0 0.106433442 3732
FY2024 Consolidated Japanese GAAP 144175000000 13887000000 14903000000 15280000000 15280000000 20583000000 155137000000 68170000000 86967000000 75432000000 86967000000 11753000000 2577000000 -11489000000 14330000000 21305000000 328.46 5.9 1937.914 91366501912.620 1830.98 47146830 0.5605819373 0.538 0.1756988283 0.0984935895 0.0963204439 0.1033674354 0.1059823132 0.0815189873 0.0993930987 0.1537415075 0.2806160089 0.3007768177 0.8394125436 0.0780814588 0.2175988799 0.1431767338 1.1615673981 -2.6806612054 3.5277826777 0.1707973842 -0.6301126126 4.0 0.0098802395 3373
FY2023 Consolidated Japanese GAAP 124963000000 10844000000 11457000000 8307000000 8307000000 10285000000 143901000000 72475000000 71425000000 64840000000 71425000000 10281000000 -15950000000 6836000000 -5669000000 18197000000 888.0 5.1 4528.80 42703712740.80 7279.71 9429366 0.4963481838 0.473 0.1163038152 0.0577271874 0.0867776862 0.0916831382 0.0664756768 0.0822723526 -0.0453654282 0.1279877961 0.0729197586 0.0691489362 0.5649962321 0.2020800267 0.1294454372 0.0828944597 -2.0874951607 3.0418160096 -2.3098428835 0.0855455467 0.5638758762 0.0 0.185658502 3340
FY2022 Consolidated Japanese GAAP 110784000000 10107000000 10716000000 5308000000 5308000000 7442000000 119710000000 56470000000 63239000000 58301000000 63239000000 9494000000 -5166000000 -3348000000 4328000000 16763000000 567.82 6.7 3804.394 35873023434.204 6434.59 9429366 0.5282683151 0.503 0.0839355461 0.0443404895 0.0912315858 0.0967287695 0.047913056 0.0856982958 0.0390670133 0.1081835369 0.3873713109 0.303649635 1.5108798486 0.0862483553 -0.1008630373 0.017905007 -0.2895656515 -0.388635421 -0.1866190566 0.0770367515 1.5092580317 0.0 -0.0066995769 2817
FY2021 Consolidated Japanese GAAP 99969000000 7285000000 8220000000 2114000000 2114000000 4893000000 110205000000 39872000000 70333000000 59267000000 70333000000 9327000000 -4006000000 -2411000000 5321000000 15564000000 226.29 12.7 2873.883 27098894648.178 6492.3 9429366 0.6382015335 0.551 0.0300570145 0.0191824327 0.0728725905 0.0822254899 0.0211465554 0.0932989227 0.0532265002 -0.1597337211 -0.2409086173 -0.164973588 -0.6190990991 -0.0003809627 0.054246485 0.2005406101 -0.0432291667 0.054138878 0.3542886231 0.2285105375 -0.6192775544 0.0 -0.0139082058 2836
FY2020 Consolidated Japanese GAAP 118973000000 9597000000 9844000000 5550000000 5550000000 5827000000 110247000000 43532000000 66714000000 58228000000 66714000000 7769000000 -3840000000 -2549000000 3929000000 12669000000 594.37 3.7 2199.169 20736769396.854 6211.92 9429366 0.6051321124 0.526 0.0831909344 0.0503415059 0.080665361 0.0827414623 0.0466492397 0.0653005304 0.0330242996 -0.0007894715 -0.0621518616 -0.0764612065 -0.1084337349 -0.0088108103 0.0693916807 0.8118003731 -2.2569974555 -0.115048119 0.2637504021 0.1165065656 -0.1084628307 0.0 0.0101861609 2876
FY2019 Consolidated Japanese GAAP 119067000000 10233000000 10659000000 6225000000 6225000000 6175000000 111227000000 48841000000 62385000000 53966000000 62385000000 4288000000 -1179000000 -2286000000 3109000000 11347000000 666.68 4.7 3133.396 29545937706.936 5825.89 9429366 0.5608800022 0.489 0.0997836018 0.0559666268 0.0859432084 0.089521026 0.0522814886 0.036013337 0.0261113491 0.1588141977 0.691684576 0.6860170832 0.8207078093 0.0362603065 0.0855228815 1.7173637516 0.2735674677 0.2407837928 70.0888888889 0.0684557439 0.8270211017 0.014973262 2847
FY2018 Consolidated Japanese GAAP 102749000000 6049000000 6322000000 3419000000 3419000000 4679000000 107335000000 49865000000 57470000000 48721000000 57470000000 1578000000 -1623000000 -3011000000 -45000000 10620000000 364.9 7.7 2809.73 5354.09 0.5354264685 0.466 0.0594919088 0.0318535426 0.0588716192 0.0615285794 0.033275263 0.0153578137 -0.0004379605 -0.009380845 -0.0465006305 -0.0067556952 -0.0508051083 0.0077741369 0.0606060606 -0.7109360689 0.1106849315 -0.1920031671 -1.012383049 -0.2206648565 8.5498560586 0.0068198134 2805
FY2017 Consolidated Japanese GAAP 103722000000 6344000000 6365000000 3602000000 3602000000 4738000000 106507000000 52320000000 54186000000 46307000000 54186000000 5459000000 -1825000000 -2526000000 3634000000 13627000000 38.21 7.9 301.859 505.68 0.5087552931 0.448 0.0664747352 0.0338193734 0.0611634947 0.061365959 0.0347274445 0.0526310715 0.0350359615 0.0595879006 0.2639968121 0.2855988689 0.2882689557 0.0270981803 0.0808665124 0.2435079727 -0.5558397272 -0.0781049936 0.1296238732 0.0764673355 0.2878328278 -0.0186685453 2786

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp