Komori
Results7235TOKYO RADIATOR MFG.CO.,LTD.Automobiles & Transportation Equipment

Earnings Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

During the interim period, revenue, operating profit, ordinary profit and interim net income attributable to owners of the parent all exceeded the same period of the previous fiscal year. The full-year earnings and dividend forecasts were revised, with the annual dividend for the current fiscal year expected to be ¥87.

Worth reading
50Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
1767
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales19,131¥ millionYear on year +10.2%Progress 49.7%
Operating profit1,622¥ millionYear on year +29.4%Progress 55.9%
Ordinary income1,637¥ millionYear on year +19.7%Progress 56.3%
Net income attributable to owners of the parent1,188¥ millionYear on year +12.7%Progress 58.0%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥124.44
Financial position at period-end
Total assets34,437¥ million
of which net assets 27,329 ¥ millionEquity ratio 73.9%vs. prior year-end +1.9pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenue
Japan15,833,67282.8%
China1,392,2047.3%
Asia1,905,94610.0%
Segment profit
Japan1,228,77375.5%
China236,32314.5%
Asia163,42610.0%
Regional sales
Japan15,833,67282.8%
China1,392,2047.3%
Asia1,905,94610.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥38,500 million (YoY +8.8%)
Operating profit¥2,900 million (YoY +23.0%)
Ordinary income¥2,910 million (YoY +14.5%)
Net income¥2,050 million (YoY +0.6%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥38,500 million / Operating profit Not disclosed → ¥2,900 million / Ordinary income Not disclosed → ¥2,910 million / Net income Not disclosed → ¥2,050 million
Annual Dividend Forecast65 yen → 87 yen
Factors Behind Changes in Business Performance

In Japan, demand remained solid, particularly for products for trucks. In China, revenue declined due to weak demand in the domestic passenger-vehicle market, while revenue increased in Asia as production by major customers rose. Although higher raw material prices and increased selling, general and administrative expenses weighed on profit, the company promoted cost-reduction activities, including rationalization.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNone
Breakdown of extraordinary income (loss)Extraordinary income None / Extraordinary loss Loss on sale of non-current assets 8,766 thousand yen, Loss on disposal of non-current assets 7,173 thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone ( 대상者: Not disclosed)
Issued Shares at Period-End10,400,000
Treasury Shares at Period-End786,817
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥19,131 million (YoY +10.2%)
Operating profit¥1,622 million (YoY +29.4%)
Ordinary income¥1,637 million (YoY +19.7%)
Profit attributable to owners of the parent¥1,188 million (YoY +12.7%)
Net income per share¥124.44
Equity ratioEnd of the current fiscal period 73.9 / End of previous period 72
Total assets¥34,437 million
Net assets¥27,329 million
Full-year earnings forecastNet Sales ¥38,500 million (YoY +8.8%) / Operating profit ¥2,900 million (YoY +23.0%) / Ordinary income ¥2,910 million (YoY +14.5%) / Net income ¥2,050 million (YoY +0.6%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥38,500 million / Operating profit Not disclosed → ¥2,900 million / Ordinary income Not disclosed → ¥2,910 million / Net income Not disclosed → ¥2,050 million
Annual Dividend Forecast65 yen → 87 yen
Segment revenueJapan 15,833,672 thousand yen / China 1,392,204 thousand yen / Asia 1,905,946 thousand yen
Segment profitJapan 1,228,773 thousand yen / China 236,323 thousand yen / Asia 163,426 thousand yen
Regional salesJapan 15,833,672 thousand yen / China 1,392,204 thousand yen / Asia 1,905,946 thousand yen
Impairment lossNone
Breakdown of extraordinary income (loss)Extraordinary income None / Extraordinary loss Loss on sale of non-current assets 8,766 thousand yen, Loss on disposal of non-current assets 7,173 thousand yen
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone ( 대상者: Not disclosed)
Issued Shares at Period-End10,400,000
Treasury Shares at Period-End786,817
Factors Behind Changes in Business PerformanceIn Japan, demand remained solid, particularly for products for trucks. In China, revenue declined due to weak demand in the domestic passenger-vehicle market, while revenue increased in Asia as production by major customers rose. Although higher raw material prices and increased selling, general and administrative expenses weighed on profit, the company promoted cost-reduction activities, including rationalization.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders received and order backlogDepreciation and amortizationMaterial subsequent events

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.

Demand for products for trucks in Japan remained solid, while production by major customers increased in Asia. Although higher raw material prices and increased selling, general and administrative expenses weighed on profit, the company promoted cost-reduction activities, including rationalization. The full-year forecast was revised based on the latest performance trends.

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.
Earnings Summary for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | TOKYO RADIATOR MFG.CO.,LTD. (7235) timely disclosure | Komori