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Shinagawa Refractories Co., Ltd. ( (JP:5351) ) just unveiled an update.
Shinagawa Refractories will relocate its Australian subsidiary’s Kwinana Plant after the Western Australia government compulsorily acquired the site to build road access to a planned new container port. The company has agreed to move the facility to the nearby Orion Industrial Park, with land transfer completed on March 4, 2026, while retaining the ability to lease and operate the existing plant for about two and a half years.
As compensation for the land, Shinagawa’s subsidiary will receive AUD 35.7 million, generating an estimated gain on transfer of AUD 34.0 million, or about 3.7 billion yen, to be booked as extraordinary income in the fiscal year ending March 31, 2027. The company has secured land for the new plant, plans to sign a purchase agreement in April 2026, and intends to build the facility between 2026 and 2028, with the new site slated to start operations around September 2028 and the existing Kwinana Plant closing at that time, allowing a phased transition that limits operational disruption while strengthening its footprint near a major port development.
The most recent analyst rating on (JP:5351) stock is a Buy with a Yen2517.00 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. is a Japan-based manufacturer of refractory materials, supplying heat-resistant products mainly to steelmakers and other heavy industries worldwide. Through its Australian subsidiary, Shinagawa Refractories Australasia Pty Ltd, the company operates production facilities in Western Australia, supporting industrial customers and infrastructure-related demand in the region.
Average Trading Volume: 75,433
Technical Sentiment Signal: Buy
Current Market Cap: Yen97.95B
See more insights into 5351 stock on TipRanks’ Stock Analysis page.