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TOKYO RADIATOR, 2% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Dividend by 6 Yen, This Fiscal Year to Increase Dividend by 12 Yen

Thu May 14, 2026 4:00 pm JST Earnings

7235 TOKYO RADIATOR MFG. CO., LTD. 【J-GAAP】

Earnings Report

TOKYO RADIATOR MFG. CO., LTD. <7235> [TSE Std] announced its financial results after the market closed on May 14th (16:00). The consolidated ordinary profit for the fiscal year ended March 2026 expanded to 32.3% from the previous period to 2.54 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 2.3% to 2.60 billion yen, marking the second consecutive term of record-high profits. This will be the sixth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 59 yen to 65 yen (compared to 45.5 yen in the prior term), and has decided to increase the dividend this fiscal year to 77 yen, an increase of 12 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 0.46 billion yen, a 13.9% decrease compared to the same period last year. The operating profit margin worsened from 5.7% in the same period last year to 5.1%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 33,401 1,397 1,548 1,681 179.1 23 May 13, 2024 J-GAAP
Mar, 2025 34,060 1,714 1,920 1,422 151.1 45.50 May 13, 2025 J-GAAP
Mar, 2026 35,382 2,358 2,541 2,038 214.9 65 May 14, 2026 J-GAAP
YoY +3.9% +37.6% +32.3% +43.3% +42.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 34,800 2,150 2,350 1,850 194.3 59 Nov 13, 2025 J-GAAP
Mar, 2026 Results 35,382 2,358 2,541 2,038 214.9 65 May 14, 2026 J-GAAP
Revision Rate +1.7% +9.7% +8.1% +10.2% +10.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 17,364 1,253 1,367 1,053 111.4 29 Nov 13, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 38 May 14, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 34,060 1,714 1,920 1,422 151.1 45.50 May 13, 2025 J-GAAP
Mar, 2026 35,382 2,358 2,541 2,038 214.9 65 May 14, 2026 J-GAAP
Mar, 2027 Guidance 35,500 2,450 2,600 1,800 189.1 77 May 14, 2026 J-GAAP
YoY +0.3% +3.9% +2.3% -11.7% -12.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 8,952 511 541 393 41.8 5.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 8,714 729 793 661 70.1 8.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 8,650 524 574 392 41.5 6.1 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 8,947 644 708 525 55.4 7.2 Feb 10, 2026 J-GAAP
Jan - Mar, 2026 9,071 461 466 460 48.5 5.1 May 14, 2026 J-GAAP
YoY +1.3% -9.8% -13.9% +17.0% +16.1%

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