SHINAGAWA REFRA CO.,LTD. (5351.T) Financial Statements

Income statement

Metric	TTM	2026	2025	2024	2023
Revenue
Total Revenue	169.0B	177.7B	144.1B	144.2B	125.0B
Cost of Revenue	28.6B	134.7B	108.9B	111.1B	97.5B
Gross Profit	9.7B	43.0B	35.1B	33.0B	27.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	6.8B	29.4B	21.9B	19.1B	16.6B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	6.8B	29.4B	21.9B	19.1B	16.6B
Cost and Expenses	156.7B	164.1B	130.8B	130.3B	114.1B
Operating Income (EBIT)	12.3B	13.6B	13.3B	13.9B	10.8B
Non-Operating
Interest Income	125.0M	680.0M	372.0M	165.0M	35.0M
Interest Expense	245.0M	1.3B	477.0M	219.0M	174.0M
Net Interest Income	(120.0M)	(662.0M)	(105.0M)	(54.0M)	(139.0M)
Other Non-Op Income/Expense	205.0M	2.4B	377.0M	1.0B	614.0M
Non-Operating Income (excl Interest)	362.0M	3.2B	920.0M	1.3B	853.0M
EBT (Pre-Tax Income)	3.1B	43.4B	14.8B	22.6B	12.5B
Income Tax Expense	1.2B	17.1B	4.7B	6.8B	3.7B
Bottom Line
Net Income	31.8B	26.1B	9.8B	15.3B	8.3B
Earnings from Cont. Ops	—	—	—	—	—
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	31.8B	26.1B	9.8B	15.3B	8.3B
Per Share
Basic EPS	¥698	¥571	¥214	¥328	¥888
Diluted EPS	¥698	¥571	—	—	—
Revenue Per Share	¥3,705	¥3,896	¥3,160	¥3,099	¥13,358
Shares
Basic Shares Outstanding	45.6M	45.6M	45.6M	46.5M	9.4M
Diluted Shares Outstanding	—	—	—	—	—
Profitability Metrics
EBITDA	—	20.7B	17.5B	17.6B	13.8B
D&A	—	7.1B	4.2B	3.7B	2.9B
EBIT	12.3B	13.6B	13.3B	13.9B	10.8B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026