Prices as of 2026/10/30 close
Company comparison
TOTO is the bigger company, with revenue of ¥737.4B — 4.1x Shinagawa Refractories's ¥177.7B.
Shinagawa Refractories earns more on each yen of sales, with an operating margin of 7.7% — 0.4 points above TOTO (7.3%).
Revenue growth in the latest results: Shinagawa Refractories +23.4%, TOTO +1.8%. For next year, TOTO guides for the fastest operating profit growth (+11.6%).
TOTO pays more on average — ¥7.81M against ¥6.90M at Shinagawa Refractories.
Over the past year the shares moved TOTO +47.1%, Shinagawa Refractories +4.7%.
Head-to-head wins15 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
TOTO aheadTOTO 3 : Shinagawa Refractories 0
Revenue: TOTO ¥737.4B / Shinagawa Refractories ¥177.7B
ProfitabilityInvestors
Shinagawa Refractories aheadTOTO 0 : Shinagawa Refractories 3
Operating margin: TOTO 7.3% / Shinagawa Refractories 7.7%
GrowthInvestors
TOTO aheadTOTO 3 : Shinagawa Refractories 1
Revenue growth (YoY): TOTO +1.8% / Shinagawa Refractories +23.4%
Stock & balance sheetInvestors
EvenTOTO 1 : Shinagawa Refractories 1
Share price, 1 year: TOTO +47.1% / Shinagawa Refractories +4.7%
Pay & workforceJob seekers
TOTO aheadTOTO 3 : Shinagawa Refractories 0
Average salary: TOTO ¥7.81M / Shinagawa Refractories ¥6.90M
| Metric | TOTO | Shinagawa Refractories | Gap |
|---|---|---|---|
| Revenue | ◎¥737.4B | ¥177.7B | 4.1x |
| Operating profit | ◎¥53.8B | ¥13.6B | 4.0x |
| Net income | ◎¥40.3B | ¥26.1B | 1.5x |
| Metric | TOTO | Shinagawa Refractories | Gap |
|---|---|---|---|
| Operating margin | 7.3% | ◎7.7% | 0.4pt |
| Net margin | 5.5% | ◎14.7% | 9.2pt |
| ROE | — | 26.6% | |
| Revenue per employee | ¥95M | ◎¥137M | 1.4x |
| Metric | TOTO | Shinagawa Refractories | Gap |
|---|---|---|---|
| Revenue growth (YoY) | +1.8% | ◎+23.4% | 21.6pt |
| Operating profit growth (YoY) | ◎+10.9% | +2.5% | 8.4pt |
| Revenue CAGRlast 5 years | +5.0% | — | |
| Guidance: revenue growthnext FY plan | ◎+6.4% | +6.3% | 0.1pt |
| Guidance: op. profit growthnext FY plan | ◎+11.6% | −4.5% | 16.1pt |
| Metric | TOTO | Shinagawa Refractories | Gap |
|---|---|---|---|
| Share price, 1 year | ◎+47.1% | +4.7% | 42.4pt |
| Share price, 3 months | −14.5% | ◎−8.0% | 6.5pt |
| P/E (trailing)lower = cheaper | — | 3.3x | |
| Equity ratio | — | 50.0% | |
| Share price (close) | ¥5,746 | ¥1,910 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | TOTO | Shinagawa Refractories | Gap |
|---|---|---|---|
| Average salary | ◎¥7.81M | ¥6.90M | ¥0.92M |
| Starting salary (monthly) | ◎¥288,000 | ¥267,000 | ¥21,000 |
| Average tenure | ◎18.9 yrs | 17.3 yrs | 1.6 |
| Average age | 45.2 | 44.7 | 0.5 |
| Employees | 7,758 | 1,301 | 6.0x |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥5,746+47.1% (1Y)
TOTO +47.1% over 1Y. Compared: Shinagawa Refractories +4.7%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
TOTO3 segments
Shinagawa Refractories5 segments
AAverage annual salary from the securities filings: TOTO ¥7.81M, Shinagawa Refractories ¥6.90M. TOTO pays the most. Averages also depend on staff age and job mix, so check the average age too (TOTO 45.2, Shinagawa Refractories 44.7).
ARevenue in the latest results: TOTO ¥737.4B, Shinagawa Refractories ¥177.7B. TOTO is the bigger company, with revenue of ¥737.4B — 4.1x Shinagawa Refractories's ¥177.7B.
AOperating margins: Shinagawa Refractories 7.7%, TOTO 7.3%. Shinagawa Refractories turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): TOTO +47.1%, Shinagawa Refractories +4.7%. TOTO has risen the most.

Comparing 2 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.