T.RAD Co., Ltd.
Supplemental Explanation for FY26 Q2 Financial Results
For the cumulative 2Q of FY26, revenue was 82,268 million yen (YoY +6.1%), operating income was 5,576 million yen (+3.4%), ordinary income was 5,959 million yen (+5.0%), and net income attributable to owners of parent was 4,335 million yen (+5.1%). The full-year FY2026 forecast was revised to revenue of 1,680,000 million yen and operating income of 1,190 million yen → revised to a projected decrease in profit, with net income of 8,600 million yen. Taking into account tariff impacts and rising material costs, revenue and profit are expected to increase in the U.S., Asia and Europe, while China is expected to see decreased revenue and profit. The company will promote a multi-pathway strategy, expand production bases, strengthen its India strategy and initiatives in new businesses. Shareholder returns aim for a DOE target of 6.3% and an annual dividend of at least 80 yen.
Key Figures
- Revenue (Consolidated): 82,268 million yen (YoY +6.1%)
- Operating Income: 5,576 million yen (YoY +3.4%)
- Net Income Attributable to Owners of Parent: 4,335 million yen (YoY +5.1%)
AI要約
Summary of Results
Consolidated results for 1H FY2026: revenue increased 6.1% year-on-year to 82,268 million yen, operating income rose 3.4% to 5,576 million yen, ordinary income increased 5.0% to 5,959 million yen, and net income attributable to owners of parent grew 5.1% to 4,335 million yen. The domestic segment experienced profit declines due to higher material costs, but overall revenue increased. Overseas segments achieved profit growth across all regions. The full-year forecast was revised to reflect updated foreign exchange assumptions. Progress in renewing the production management system and early decommissioning of the old system contributed positively.
Outlook and Investment Plans
To address tariff impacts, the company is promoting production transfers and expanding new facilities. The multi-pathway strategy is expected to drive increased demand for HEV/PHEV. Anticipating order growth in the U.S., Europe and Asia, the company will strengthen its India operations and pursue new business development. The revised FY2026 forecasts present revenue of 168,000 million yen and operating income of 119,000 million yen. Policies to enhance shareholder returns through ROE improvement and maintaining DOE/dividend payout ratios were also indicated.
Revenue Trend
Operating Income Trend
Revenue by Region
Operating Margin Trend
Comparison of Full-year Forecasts
T.RAD Co., Ltd.
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