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Shinagawa Refractories Co., Ltd. ( (JP:5351) ) has issued an announcement.
Shinagawa Refractories Co., Ltd. has announced the transfer of fixed assets, specifically land previously used as rental property, to strengthen its financial position by repaying debt and securing funds for growth. This move has led to a revision of the company’s earnings forecast for the fiscal year ending March 31, 2026, with expectations of increased net income due to extraordinary gains from the asset sale and foreign exchange gains, while maintaining its dividend forecast.
The most recent analyst rating on (JP:5351) stock is a Buy with a Yen2062.00 price target. To see the full list of analyst forecasts on Shinagawa Refractories Co., Ltd. stock, see the JP:5351 Stock Forecast page.
More about Shinagawa Refractories Co., Ltd.
Shinagawa Refractories Co., Ltd. operates in the refractories industry, providing essential materials for high-temperature environments. The company focuses on producing and supplying refractory products, which are crucial for industries such as steel, cement, and glass manufacturing.
Average Trading Volume: 63,438
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen86.89B
See more data about 5351 stock on TipRanks’ Stock Analysis page.