Key Developments: Shinagawa Refractories Co Ltd (5351.T)

5351.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SHINAGAWA REFRACTORIES CO LTD amends consolidated full-year outlook for FY 2014
Friday, 25 Apr 2014 02:00am EDT 

SHINAGAWA REFRACTORIES CO LTD:Says the company raised the consolidated full-year outlook for revenue to 96,870 million yen from 96,500 million yen for the fiscal year ended March 2014.Sees a decreased operating profit forecast to 3,940 million yen from 4,500 million yen.Sees a decreased ordinary profit forecast to 4,160 million yen from 4,400 million yen.Sees a decreased net profit forecast to 2,230 million yen from 3,200 million yen.Sees a decrease of earnings per share to 23.65 yen from 33.94 yen per share.Comments that fixed assets disposal loss, fixed assets impairment loss and special retirement bonus payment with business reorganization of domestic and overseas subsidiaries are the main reasons for the forecast.  Full Article

SHINAGAWA REFRACTORIES CO LTD Amends Consolidated Mid-year and Full-year Guidance for FY 2014
Monday, 5 Aug 2013 02:00am EDT 

SHINAGAWA REFRACTORIES CO LTD announced that it has reaffirmed the consolidated mid-year guidance for revenue of JPY 47,800 million, operating profit of JPY 2,100 million, ordinary profit of JPY 2,100 million and raised the guidance for net profit from JPY 1,150 million to JPY 2,050 million and earning per share from JPY 12.20 to JPY 21.74 for the fiscal year ending March 31, 2014. The Company has reaffirmed the consolidated mid-year guidance for revenue of JPY 96,500 million, operating profit of JPY 4,500 million, ordinary profit of JPY 4,400 million and raised the guidance for net profit from JPY 2,300 million to JPY 3,200 million and earning per share from JPY 24.39 to JPY 33.94 for the fiscal year ending March 31, 2014. The Company amended the consolidated mid-year and full-year outlook due to profit on sale of land by subsidiary.  Full Article

SHINAGAWA REFRACTORIES CO LTD's Subsidiary to Sell Land
Thursday, 27 Jun 2013 02:00am EDT 

SHINAGAWA REFRACTORIES CO LTD announced that its Australia-based subsidiary, which is engaged in manufacturing and sales of fire-proof objects, has decided to sell a piece of land located in Australia for AUD 10,300,000, to TUTT BRYANT GROUP LIMITED. The transaction is expected to be completed in July 2013.  Full Article

SHINAGAWA REFRACTORIES CO LTD Appoints President
Tuesday, 26 Feb 2013 01:00am EST 

SHINAGAWA REFRACTORIES CO LTD announced that it has appointed Mitsugu Aikawa as President and Representative Director, to take the place of Yoshihiko Shimizu, effective June 2013.  Full Article

SHINAGAWA REFRACTORIES CO LTD Lowers Consolidated Mid-year Outlook for FY 2013
Thursday, 18 Oct 2012 02:00am EDT 

SHINAGAWA REFRACTORIES CO LTD announced that it has lowered the consolidated mid-year outlook for revenue from JPY 50,900 million to JPY 49,100 million, operating profit from JPY 2,600 million to JPY 2,500 million, ordinary profit from JPY 2,600 million to JPY 2,500 million, net profit from JPY 1,400 million to JPY 700 million and earning per share from JPY 14.85 to JPY 7.42 for the fiscal year ending March 31, 2013. The negative outlook is mainly due to loss in evaluation of securities.  Full Article

SHINAGAWA REFRACTORIES CO LTD Expects Q2 Extraordinary Loss for FY Ending March 2013
Thursday, 4 Oct 2012 02:00am EDT 

SHINAGAWA REFRACTORIES CO LTD announced that it expects to record JPY 1,050 million loss on valuation of investment securities as extraordinary loss for the second quarter of the fiscal year ending March 2013.  Full Article

SHINAGAWA REFRACTORIES CO., LTD. to Merge with Wholly Owned Subsidiary
Monday, 6 Aug 2012 02:00am EDT 

SHINAGAWA REFRACTORIES CO., LTD. announced that it will merge with its wholly owned subsidiary, which has been engaged in the sale of refractory products and measurement machinery and tools in Tokyo, Japan, effective October 1, 2012. As a result, the Company will be the surviving company and the subsidiary will be dissolved.  Full Article

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