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 \u2192 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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7236","jir_company_name":"T.RAD Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-02","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/7236-20261102-02.pdf","jir_short_summary":"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 \u2192 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.","jir_summary":"### Summary of Results\nConsolidated 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.\n\n### Outlook and Investment Plans\nTo 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.","jir_financial_highlights":"Revenue: 82,268 (YoY +6.1%)\nOperating Income: 5,576 (YoY +3.4%)\nOrdinary Income: 5,959 (YoY +5.0%)\nNet Income Attributable to Owners of Parent: 4,335 (YoY +5.1%)\nFull-year FY2026 Revenue: 1,680,000 (Revised forecast)","jir_category":"","jir_hashtags":"#ShareBuyback_ShareholderReturnPlan, #MultiPathway, #OverseasStrategy, #NewBusiness, #TariffMeasures","jir_key_figures":"Revenue (Consolidated): 82,268 million yen (YoY +6.1%)\nOperating Income: 5,576 million yen (YoY +3.4%)\nNet Income Attributable to Owners of Parent: 4,335 million yen (YoY +5.1%)","jir_meta_title":"T.RAD Co., Ltd. FY26 Q2 Supplemental Explanation | Revenue Growth, Full-Year Forecast Revised","jir_meta_description":"T.RAD's FY26 Q2 supplemental explanation outlines segment trends domestically and internationally, tariff mitigation measures, progress on the multi-pathway strategy, capital expenditure plans, overseas strategy, new business initiatives, and shareholder return policy. It provides key takeaways from the results and the outlook.","jir_og_title":"T.RAD FY26 Q2 Supplemental Explanation | Results Indicate Revenue Growth","jir_og_description":"T.RAD's FY26 Q2 supplemental explanation discusses revenue and profit trends, revisions to the full-year forecast, tariff countermeasures and production base expansion, progress on the multi-pathway strategy, and initiatives in overseas strategy and new businesses.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"1H FY2025\\\",\\\"1H FY2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[165000,168000]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"1H FY2025\\\",\\\"1H FY2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[13200,11900]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Revenue by Region\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Japan\\\",\\\"U.S.\\\",\\\"Europe\\\",\\\"Asia\\\",\\\"China\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[748,439,57,244,111]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Margin Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Japan\\\",\\\"U.S.\\\",\\\"Europe\\\",\\\"Asia\\\",\\\"China\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Margin %\\\",\\\"data\\\":[5.3,3.9,4.2,24.7,7.1]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Comparison of Full-year Forecasts\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Full-year Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[168000]},{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[11900]},{\\\"label\\\":\\\"Net Income Attributable to Owners of Parent\\\",\\\"data\\\":[8600]}]},\\\"options\\\":{}}\"}]","ir_related_company":17476,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-140362","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n