T.RAD, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 21% Increase, Raises Record High Profit, Dividend Revised Upward by 80 Yen
7236 T.RAD Co.,Ltd. 【J-GAAP】
Earnings ReportT.RAD Co.,Ltd. <7236> [TSE Prime] announced its financial results after the market closed on November 4th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 5.67 billion yen, an increase 96.9% compared to the same period last year.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 34.2%, from the previous forecast of 7.30 billion yen to 9.80 billion yen (compared to 8.10 billion yen in the previous period), record profits reach two consecutive terms, turning to a 21.0% increase in the consolidated ordinary profit outlook.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 21.0% from the same period last year to 4.12 billion yen.
In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 240 yen to 320 yen (compared to 240 yen in the previous period).
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 3.2 times that of the same period last year, reaching 2.67 billion yen. The operating profit margin significantly improved from 2.5% in the same period last year to 6.3%.
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Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
80,225M | 2,125M | 2,617M | 1,151M | 17.6 | 49.0 | Nov 6, 2023 | J-GAAP |
|
|
79,044M | 2,561M | 2,881M | 722M | 11.0 | 35.6 | Nov 5, 2024 | J-GAAP |
|
|
77,511M | 5,393M | 5,674M | 4,094M | 67.0 | 57.9 | Nov 4, 2025 | J-GAAP |
| YoY | -1.9% | +110.6% | +96.9% | +467.0% | +506.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | ー | ー | ー | ー | - | 12 | May 12, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 77,511M | 5,393M | 5,674M | 4,094M | 67.0 | 16 | Nov 4, 2025 | J-GAAP |
| Revision Rate | - | - | - | - | - |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 151,000M | 6,600M | 7,300M | 4,000M | 70.7 | 24 | Aug 4, 2025 | J-GAAP |
| Mar, 2026 New | 154,000M | 8,800M | 9,800M | 6,400M | 113.1 | 32 | Nov 4, 2025 | J-GAAP |
| Revision Rate | +2.0% | +33.3% | +34.2% | +60.0% | +60.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
80,191M | 4,755M | 5,220M | 3,528M | 54.3 | 15 | May 12, 2025 | J-GAAP |
|
Guidance
Oct - Mar, 2025
|
76,489M | 3,407M | 4,126M | 2,306M | 40.7 | 16 | Nov 4, 2025 | J-GAAP |
| YoY | -4.6% | -28.3% | -21.0% | -34.6% | -24.9% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
158,659M | 4,350M | 5,339M | 1,245M | 19.1 | 18 | May 13, 2024 | J-GAAP |
|
|
159,235M | 7,316M | 8,101M | 4,250M | 65.4 | 24 | May 12, 2025 | J-GAAP |
|
Guidance
Mar, 2026
|
154,000M | 8,800M | 9,800M | 6,400M | 113.1 | 32 | Nov 4, 2025 | J-GAAP |
| YoY | -3.3% | +20.3% | +21.0% | +50.6% | +72.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
40,710M | 1,017M | 827M | 304M | 4.7 | 2.5 | Nov 5, 2024 | J-GAAP |
|
|
34,800M | 544M | 1,236M | 434M | 6.6 | 1.6 | Feb 3, 2025 | J-GAAP |
|
|
45,391M | 4,211M | 3,984M | 3,094M | 47.6 | 9.3 | May 12, 2025 | J-GAAP |
|
|
39,121M | 2,984M | 2,998M | 2,137M | 34.2 | 7.6 | Aug 4, 2025 | J-GAAP |
|
|
38,390M | 2,409M | 2,676M | 1,957M | 32.0 | 6.3 | Nov 4, 2025 | J-GAAP |
| YoY | -5.7% | +136.9% | +223.6% | +543.8% | +588.8% |