T.RAD Co., Ltd.
June 29, 2026, 124th Annual General Meeting of Shareholders Question and Answer Summary
Discloses a summary of questions and answers. Confirms ongoing and reinforced business efforts targeting local Chinese manufacturers around Qingdao, with no transactions with BYD. Continues relationships with non-Japanese OEM customers in North America and Europe. Clarifies shareholder return policy centered on a DOE lower limit target of over 5%, a payout ratio exceeding 50%, and progressive dividends.
Key Figures
- DOE Calculation Standard: Consolidated net assets including other comprehensive income
- Transaction Status with BYD: No current transactions
- Payout Ratio: Over 50%
AI要約
News Overview
Through the disclosure of the summary of questions and answers at the annual shareholders' meeting, Tirad confirms its policy to continue and strengthen its business with Chinese local manufacturers centered around its Qingdao facility. No current transactions with BYD. Relationships with non-Japanese OEM customers in North America and Europe (GM, Cummins, Daimler) are ongoing. Clearly states that the DOE lower limit target is over 5%, payout ratio exceeds 50%, and the goal is to implement progressive dividends as shareholder returns. The calculation basis includes consolidated net assets (consolidated shareholders' equity) including comprehensive income.
Shareholder Returns and Future Outlook
Regarding shareholder returns, the company sets a DOE lower limit of over 5% and aims for a high payout ratio with progressive dividends. The basis for returns is consolidated shareholders' equity, which is significant as it includes not only shareholders' equity but also other comprehensive income. Moving forward, the company will focus on cost reduction amidst price competition in the Chinese market and continue to develop local Chinese manufacturer customers, aiming to improve long-term profitability.
Tirad Corporation
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