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Financial results presentation7235TOKYO RADIATOR MFG.CO.,LTD.Automobiles and transportation equipment

Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, net sales rose 6% year on year to ¥9.2 billion, while operating profit declined 4% and net income declined 14%. The company assessed first-quarter results as generally in line with plan.

Worth reading
71In focus
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
524
¥ million (year-on-year change in revenue)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,238 million+6.0%
Operating profit¥703 million-4.0%
Ordinary income¥718 million-9.0%
Net income¥566 million-14.0%
Operating profit margin7.6 %
Results for the three months of the current quarter
Net Sales
¥9,238 million
Operating profit
¥703 million
Ordinary income
¥718 million
Net income
¥566 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
For the first quarter, both net sales and profit progressed generally in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Change in net sales¥237 million
  • Higher procurement costs and mix variance¥-100 million
  • Cost Reduction¥-49 million
  • Changes in fixed costs and other expenses¥0 million
  • Domestic Subsidiary¥-118 million
  • Chinese Subsidiaries¥-5 million
  • Asian subsidiaries (volume increase)¥9 million
  • Asian subsidiaries (one-time profit in the previous year)¥-36 million
  • Consolidated adjustments¥-5 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Average CNY exchange rate
    FY2026 1Q22.6
    FY2025 1Q20.9
  • Average IDR exchange rate (per 100)
    FY2026 1Q0.92
    FY2025 1Q0.88
  • Average THB exchange rate
    FY2026 1Q4.9
    FY2025 1Q4.5
New initiatives
  • Increased adoption of EGR coolers for UD Trucks “Quon” vehicles
  • New order for radiators for Hitachi Construction Machinery’s 13-ton-class electric hydraulic excavators
  • Promoting sales growth of products related to electrification and carbon neutrality
Segment results
  • Japan
    Net Sales¥7,714 million (YoY +9.1%)
    Operating profit¥503 million (YoY +21.5%)
  • China
    Net Sales¥1,396 million (YoY -13.2%)
    Operating profit¥82 million (YoY -58.6%)
  • Asia
    Net Sales¥940 million (YoY +25.0%)
    Operating profit¥99 million (YoY +11.2%)
Financial targets
Equity ratio
End of June 202673.1 %
End of the previous fiscal year72 %
Change1.1 %
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥9,238 million (YoY +6.0%)
Operating profit¥703 million (YoY -4.0%)
Ordinary income¥718 million (YoY -9.0%)
Net income¥566 million (YoY -14.0%)
Operating profit margin7.6 %
Results for the three months of the current quarterNet Sales ¥9,238 million / Operating profit ¥703 million / Ordinary income ¥718 million / Net income ¥566 million
Self-assessment against the planFor the first quarter, both net sales and profit progressed generally in line with plan
Segment resultsSegment Japan / Net Sales ¥7,714 million (YoY +9.1%) / Operating profit ¥503 million (YoY +21.5%), Segment China / Net Sales ¥1,396 million (YoY -13.2%) / Operating profit ¥82 million (YoY -58.6%), Segment Asia / Net Sales ¥940 million (YoY +25.0%) / Operating profit ¥99 million (YoY +11.2%)
Breakdown of Factors Affecting the ChangeFactors Change in net sales / Amount ¥237 million, Factors Higher procurement costs and mix variance / Amount ¥-100 million, Factors Cost Reduction / Amount ¥-49 million, Factors Changes in fixed costs and other expenses / Amount ¥0 million, Factors Domestic Subsidiary / Amount ¥-118 million, Factors Chinese Subsidiaries / Amount ¥-5 million, Factors Asian subsidiaries (volume increase) / Amount ¥9 million, Factors Asian subsidiaries (one-time profit in the previous year) / Amount ¥-36 million, Factors Consolidated adjustments / Amount ¥-5 million
Assumptions Underlying the Business OutlookItem Average CNY exchange rate / FY2026 1Q 22.6 / FY2025 1Q 20.9, Item Average IDR exchange rate (per 100) / FY2026 1Q 0.92 / FY2025 1Q 0.88, Item Average THB exchange rate / FY2026 1Q 4.9 / FY2025 1Q 4.5
Financial targetsEquity ratio End of June 2026 73.1 % / End of the previous fiscal year 72 % / Change 1.1 %
New initiativesIncreased adoption of EGR coolers for UD Trucks “Quon” vehicles, New order for radiators for Hitachi Construction Machinery’s 13-ton-class electric hydraulic excavators, Promoting sales growth of products related to electrification and carbon neutrality
Items this document does not state (17)
Gross Profit MarginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Sales to the automotive and construction equipment industries expanded in Japan and Asia. The benefit of higher sales in Japan was offset by lower sales and profits in China and the decline from the one-time profit recorded in Asia in the previous year. In addition to lower operating profit, net income was affected by non-operating foreign exchange losses and higher tax expenses.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Supplementary Explanatory Materials for the First Quarter Financial Results for the Fiscal Year Ending March 2027 | TOKYO RADIATOR MFG.CO.,LTD. (7235) timely disclosure | Komori