Shinagawa Refractories reported net income up by 82.1% growth in last fiscal year

2019-08-15

Aug. 15, 2019 - Shinagawa Refractories Co., Ltd has announced results of fiscal year 2018-19. Shinagawa achieved the total net sales of 119.07 billion yen, with an increase of 15.9% compared with the same period last year. Operating income increased to 10.23 billion yen, up 69.2% YoY. Net income attributable to parent company shareholders was 6,225 million yen, increased by 82.1% YoY.

In addition, the business results by segment are as follows:

Refractories and related products: net sales increased 16.6% year on year to 93,102 million yen, due to rising sales price of refractories expanding sales to steel and non-ferrous metals industry.

Engineering: net sales up by 15% year on year to 23,950 million yen, drived by coke oven renewal.

Others: net sales decreased by 3.9% from the same period of the previous year to 2,014 million yen.