SHINAGAWA REFRA, 19% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 5 Yen
5351 SHINAGAWA REFRA CO., LTD. 【J-GAAP】
Earnings ReportSHINAGAWA REFRA CO., LTD. <5351> [TSE Prime] announced its financial results after the market closed on May 15th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 17.1% from the previous period to 15.9 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 18.7% from the previous period to 13.0 billion yen.
At the same time, the company has decided to increase the dividend this fiscal year to 95 yen, an increase of 5 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 80.0% from the same period last year, reaching 5.09 billion yen. The operating profit margin improved from 8.6% in the same period last year to 9.8%.
Kabutan News
Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
144,175M | 13,887M | 14,903M | 15,280M | 328.5 | 68 | May 13, 2024 | J-GAAP |
|
|
144,072M | 13,278M | 13,655M | 9,778M | 214.5 | 90 | May 15, 2025 | J-GAAP |
|
|
177,738M | 13,609M | 15,986M | 26,071M | 571.5 | 90 | May 15, 2026 | J-GAAP |
| YoY | +23.4% | +2.5% | +17.1% | +166.6% | +166.4% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 176,000M | 13,000M | 14,900M | 26,000M | 569.8 | 90 | Apr 16, 2026 | J-GAAP |
| Mar, 2026 Results | 177,738M | 13,609M | 15,986M | 26,071M | 571.5 | 90 | May 15, 2026 | J-GAAP |
| Revision Rate | +1.0% | +4.7% | +7.3% | +0.3% | +0.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
81,843M | 6,175M | 6,908M | 4,343M | 95.2 | 45 | Nov 11, 2025 | J-GAAP |
|
Guidance
Apr - Sep, 2026
|
ー | ー | ー | ー | － | － | May 15, 2026 | J-GAAP |
| YoY | － | － | － | － | － |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
144,072M | 13,278M | 13,655M | 9,778M | 214.5 | 90 | May 15, 2025 | J-GAAP |
|
|
177,738M | 13,609M | 15,986M | 26,071M | 571.5 | 90 | May 15, 2026 | J-GAAP |
|
Guidance
Mar, 2027
|
189,000M | 13,000M | 13,000M | 10,000M | 219.1 | 95 | May 15, 2026 | J-GAAP |
| YoY | +6.3% | -4.5% | -18.7% | -61.6% | -61.7% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
38,978M | 3,336M | 2,829M | 1,854M | 40.7 | 8.6 | May 15, 2025 | J-GAAP |
|
|
38,266M | 2,890M | 3,095M | 1,757M | 38.5 | 7.6 | Aug 8, 2025 | J-GAAP |
|
|
43,577M | 3,285M | 3,813M | 2,586M | 56.7 | 7.5 | Nov 11, 2025 | J-GAAP |
|
|
48,204M | 2,775M | 3,985M | 25,642M | 562.1 | 5.8 | Feb 5, 2026 | J-GAAP |
|
|
47,691M | 4,659M | 5,093M | -3,914M | -85.8 | 9.8 | May 15, 2026 | J-GAAP |
| YoY | +22.4% | +39.7% | +80.0% | － | － |
Related Articles
-
L is B Corp, Jan-Mar (1Q) Ordinary Profit Increases by 26%
Fri May 15, 2026 3:30 pm JST Earnings -
GLC GROUP, Jan-Mar (1Q) Ordinary Profit Decreases by 86%
Fri May 15, 2026 3:30 pm JST Earnings -
Mitsubishi HC Capital, 1% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 1 Yen, This Fiscal Year to Increase Dividend by 5 Yen
Fri May 15, 2026 3:30 pm JST Earnings -
GAKKYUSHA, 8% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Dividend Raised by 24 Yen
Fri May 15, 2026 3:30 pm JST Earnings -
Solvvy, Jul-Mar (Cumulative 3Q) Ordinary Profit Increases by 19%
Fri May 15, 2026 3:30 pm JST Earnings -
FORVAL TELECOM, 11% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Raised by 2 Yen
Fri May 15, 2026 3:30 pm JST Earnings -
KUWAZAWA Holdings, 6% Increase in Ordinary Profit, Record High for The First Time in Thirteen Years, Increased Previous Year's Dividend by 8 Yen, This Fiscal Year to Increase Dividend by 4 Yen
Fri May 15, 2026 3:30 pm JST Earnings -
CONVUM, Jan-Mar (1Q) Ordinary Profit Increases by 22%
Fri May 15, 2026 3:30 pm JST Earnings -
RIDE ON EXPRESS, 77% Increase in Ordinary Profit for the Last Fiscal Year, Current period performance is undisclosed.
Fri May 15, 2026 3:30 pm JST Earnings -
NIPPON CHEMIPHAR, 56% Decrease in Ordinary Profit for The Current Fiscal Year
Fri May 15, 2026 3:30 pm JST Earnings