Shinagawa Refractories (5351) Earnings: Operating Profit Down 39.9% YoY, Net Income Surges 166.2% to 4,679 Million Yen

Shinagawa Refractories (5351) has released its financial results, reporting net sales of 46,590 million yen, representing a solid 21.8% increase year-on-year. On the profit front, operating profit decreased by 39.9% year-on-year to 1,736 million yen and ordinary profit declined by 2.8% to 3,009 million yen. However, profit attributable to owners of parent surged significantly by 166.2% to 4,679 million yen, while comprehensive income expanded dramatically by 648.3% to 5,795 million yen.

From a financial and balance sheet perspective, the company maintains high capital efficiency with an ROE of 4.73% and an ROA of 2.09%. Cash and cash equivalents stand at 26.21 billion yen, alongside an EBITDA of 20.74 billion yen, highlighting a sound financial structure and robust capital management.