New Risk • Jun 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥8.52b (US$52.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Market cap is less than US$100m (JP¥8.52b market cap, or US$52.7m). Announcement • Jun 12
T.RAD Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026 T.RAD Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥14,710, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 629% over the past three years. New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 28
Full year 2026 earnings released: EPS: JP¥1,477 (vs JP¥654 in FY 2025) Full year 2026 results: EPS: JP¥1,477 (up from JP¥654 in FY 2025). Revenue: JP¥162.3b (up 1.9% from FY 2025). Net income: JP¥8.77b (up 106% from FY 2025). Profit margin: 5.4% (up from 2.7% in FY 2025). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
T.RAD Co., Ltd., Annual General Meeting, Jun 29, 2026 T.RAD Co., Ltd., Annual General Meeting, Jun 29, 2026. Announcement • Apr 21
T.RAD Co., Ltd. to Report Fiscal Year 2026 Results on Apr 27, 2026 T.RAD Co., Ltd. announced that they will report fiscal year 2026 results on Apr 27, 2026 Buy Or Sell Opportunity • Apr 21
Now 20% undervalued Over the last 90 days, the stock has risen 5.7% to JP¥9,140. The fair value is estimated to be JP¥11,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 117%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Buy Or Sell Opportunity • Mar 09
Now 21% undervalued Over the last 90 days, the stock has risen 8.6% to JP¥9,230. The fair value is estimated to be JP¥11,731, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 117%. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥478 (vs JP¥66.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥478 (up from JP¥66.62 in 3Q 2025). Revenue: JP¥40.6b (up 17% from 3Q 2025). Net income: JP¥2.78b (up JP¥2.34b from 3Q 2025). Profit margin: 6.8% (up from 1.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥9,970, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 414% over the past three years. Board Change • Feb 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. President, COO, CEO & Director Tomio Miyazaki is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 14
T.RAD Co., Ltd. Appoints Hisashi Fujii as Provisional Audit & Supervisory Board Member, Effective January 5, 2026 T.RAD Co., Ltd. announced that following the passing of Yasutaka Oba, an Outside Audit & Supervisory Board Member of the Company, a vacancy arose in the number of Outside Audit & Supervisory Board Members required under laws and regulations. On January 5, 2026, the Company received notice of a decision from the Court appointing Hisashi Fujii as a provisional Audit & Supervisory Board Member. Hisashi Fujii was born on December 18, 1980. His career summary is as follows: April 2003: Joined ShinNihon LLC (currently Ernst & Young ShinNihon LLC); April 2006: Registered as a Certified Public Accountant; December 2011: Registered as an Attorney-at-Law; August 2017: Joined Link Partners Law Firm (current position). Based on the decision of the Tokyo District Court, the term of office of the provisional Audit & Supervisory Board Member shall continue until an Audit & Supervisory Board Member is appointed at the Annual General Meeting of Shareholders scheduled to be held in June 2026. In addition, the Company plans to submit a proposal at that meeting to appoint Hisashi Fujii as an Outside Audit & Supervisory Board Member. Declared Dividend • Nov 29
First half dividend of JP¥160 announced Shareholders will receive a dividend of JP¥160. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
T.RAD Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026 T.RAD Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥8,370, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 290% over the past three years. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: JP¥328 (vs JP¥46.41 in 2Q 2025) Second quarter 2026 results: EPS: JP¥328 (up from JP¥46.41 in 2Q 2025). Revenue: JP¥38.4b (down 5.7% from 2Q 2025). Net income: JP¥1.96b (up JP¥1.65b from 2Q 2025). Profit margin: 5.1% (up from 0.7% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥7,620, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 11x in the Auto Components industry in Japan. Total returns to shareholders of 231% over the past three years. New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Sep 16
T.RAD Co., Ltd. (TSE:7236) announces an Equity Buyback for 350,000 shares, representing 5.91% for ¥2,000 million. T.RAD Co., Ltd. (TSE:7236) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 5.91% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of program is enhancing capital efficiency and providing
returns to shareholders. The program will be valid till April 27, 2026. As of August 31, 2025, the company had 5,924,053 issued shares (excluding treasury stock) and 668,358 treasury shares. Announcement • Sep 05
T.RAD Co., Ltd. to Report Q2, 2026 Results on Nov 04, 2025 T.RAD Co., Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to JP¥6,670, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 186% over the past three years. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥342 (vs JP¥63.88 in 1Q 2025) First quarter 2026 results: EPS: JP¥342 (up from JP¥63.88 in 1Q 2025). Revenue: JP¥39.1b (up 2.1% from 1Q 2025). Net income: JP¥2.14b (up 411% from 1Q 2025). Profit margin: 5.5% (up from 1.1% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
T.Rad Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2026 T.RAD Co., Ltd. revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2026. For the year, the consolidated company expects net sales to be ¥151,000 million, Operating income to be ¥6,600 million, Profit attributable to owners of parent to be ¥4,000 million and Basic earnings per share ¥655.25 against net sales to be ¥140,000 million, Operating income to be ¥3,600 million, Profit attributable to owners of parent to be ¥2,000 million and Basic earnings per share ¥315.84 previously announced guidance.
For the year, the non-consolidated company expects net sales to be ¥83,000 million, Operating income to be ¥3,000 million, Profit attributable to owners of parent to be ¥6,400 million and Basic earnings per share ¥1,048.40 against net sales to be ¥72,000 million, Operating income to be ¥400 million, Profit attributable to owners of parent to be ¥4,200 million and Basic earnings per share ¥663.27 previously announced guidance. Declared Dividend • Jul 09
Final dividend increased to JP¥120 Dividend of JP¥120 is 33% higher than last year. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 5.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years. Announcement • Jun 24
T.RAD Co., Ltd. (TSE:7236) announces an Equity Buyback for 78,000 shares, representing 1.26% for ¥345.93 million. T.RAD Co., Ltd. (TSE:7236) announces a share repurchase program. Under the program, the company will repurchase up to 78,000 shares, representing 1.25% of its issued share capital (excluding treasury stock), for a total purchase price of ¥345.93 million. The shares will be repurchased at a price of ¥4,435 per share. The program will be valid till June 25, 2025. As of June 24, 2025, the company had 6,191,237 issued shares (excluding treasury stock) and 401,174 treasury shares. Reported Earnings • Jun 20
Full year 2025 earnings released: EPS: JP¥654 (vs JP¥191 in FY 2024) Full year 2025 results: EPS: JP¥654 (up from JP¥191 in FY 2024). Revenue: JP¥159.2b (flat on FY 2024). Net income: JP¥4.25b (up 241% from FY 2024). Profit margin: 2.7% (up from 0.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 03
T.RAD Co., Ltd. to Report Q1, 2026 Results on Aug 04, 2025 T.RAD Co., Ltd. announced that they will report Q1, 2026 results on Aug 04, 2025 Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥4,815, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 112% over the past three years. Announcement • May 14
T.RAD Co., Ltd. (TSE:7236) announces an Equity Buyback for 500,000 shares, representing 7.87% for ¥2,000 million. T.RAD Co., Ltd. (TSE:7236) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 7.86% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve capital efficiency and strengthen shareholder returns. The program will be valid till May 12, 2026. As of March 31, 2025, the company had 6,353,941 issued shares (excluding treasury stock) and 238,470 treasury shares. Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥654 (vs JP¥191 in FY 2024) Full year 2025 results: EPS: JP¥654 (up from JP¥191 in FY 2024). Revenue: JP¥159.2b (flat on FY 2024). Net income: JP¥4.25b (up 241% from FY 2024). Profit margin: 2.7% (up from 0.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,700, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 100% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (118% payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,055, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 10x in the Auto Components industry in Japan. Total returns to shareholders of 50% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 05
T.RAD Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 T.RAD Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 12, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥66.62 (vs JP¥30.72 in 3Q 2024) Third quarter 2025 results: EPS: JP¥66.62 (up from JP¥30.72 in 3Q 2024). Revenue: JP¥34.8b (down 17% from 3Q 2024). Net income: JP¥434.0m (up 116% from 3Q 2024). Profit margin: 1.2% (up from 0.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (152% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • Nov 21
T.RAD Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 T.RAD Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥46.40 (vs JP¥105 in 2Q 2024) Second quarter 2025 results: EPS: JP¥46.40 (down from JP¥105 in 2Q 2024). Revenue: JP¥40.7b (down 2.3% from 2Q 2024). Net income: JP¥304.0m (down 56% from 2Q 2024). Profit margin: 0.7% (down from 1.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 05
T.RAD Co., Ltd. (TSE:7236) announces an Equity Buyback for 350,000 shares, representing 5.32% for ¥1,000 million. T.RAD Co., Ltd. (TSE:7236) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 5.32% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to improve capital efficiency and strengthen shareholder returns. The program will be valid till March 31, 2025. As of September 30, 2024, the company had 6,578,852 issued shares (excluding treasury stock) and 13,559 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Announcement • Sep 03
T.RAD Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024 T.RAD Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥63.88 (vs JP¥70.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥63.88 (down from JP¥70.84 in 1Q 2024). Revenue: JP¥38.3b (flat on 1Q 2024). Net income: JP¥418.0m (down 9.5% from 1Q 2024). Profit margin: 1.1% (down from 1.2% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 06
Now 38% overvalued Over the last 90 days, the stock has fallen 15% to JP¥3,170. The fair value is estimated to be JP¥2,291, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (94% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥2,666, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 8x in the Auto Components industry in Japan. Total loss to shareholders of 2.8% over the past three years. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥191 (vs JP¥551 loss in FY 2023) Full year 2024 results: EPS: JP¥191 (up from JP¥551 loss in FY 2023). Revenue: JP¥158.7b (up 6.2% from FY 2023). Net income: JP¥1.25b (up JP¥4.84b from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jun 17
T.RAD Co., Ltd. to Report Q1, 2025 Results on Aug 05, 2024 T.RAD Co., Ltd. announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥190 (vs JP¥551 loss in FY 2023) Full year 2024 results: EPS: JP¥190 (up from JP¥551 loss in FY 2023). Revenue: JP¥158.7b (up 6.2% from FY 2023). Net income: JP¥1.25b (up JP¥4.84b from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 15
T.RAD Co., Ltd., Annual General Meeting, Jun 25, 2024 T.RAD Co., Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Mar 24
T.RAD Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 T.RAD Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥30.72 (vs JP¥105 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥30.72 (up from JP¥105 loss in 3Q 2023). Revenue: JP¥41.9b (down 1.0% from 3Q 2023). Net income: JP¥201.0m (up JP¥886.0m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Dec 02
T.RAD Co., Ltd. to Report Q3, 2024 Results on Feb 05, 2024 T.RAD Co., Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥105 (vs JP¥96.51 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥105 (up from JP¥96.51 loss in 2Q 2023). Revenue: JP¥41.7b (up 8.3% from 2Q 2023). Net income: JP¥689.0m (up JP¥1.32b from 2Q 2023). Profit margin: 1.7% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.5%). Announcement • Sep 14
T.RAD Co., Ltd. to Report Q2, 2024 Results on Nov 06, 2023 T.RAD Co., Ltd. announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥70.83 (vs JP¥143 in 1Q 2023) First quarter 2024 results: EPS: JP¥70.83 (down from JP¥143 in 1Q 2023). Revenue: JP¥38.6b (up 8.4% from 1Q 2023). Net income: JP¥462.0m (down 51% from 1Q 2023). Profit margin: 1.2% (down from 2.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jun 18
T.RAD Co., Ltd. to Report Q1, 2024 Results on Aug 07, 2023 T.RAD Co., Ltd. announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 19
Full year 2023 earnings released: JP¥551 loss per share (vs JP¥516 profit in FY 2022) Full year 2023 results: JP¥551 loss per share (down from JP¥516 profit in FY 2022). Revenue: JP¥149.4b (up 12% from FY 2022). Net loss: JP¥3.60b (down 200% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
Third quarter 2023 earnings released: JP¥105 loss per share (vs JP¥178 profit in 3Q 2022) Third quarter 2023 results: JP¥105 loss per share (down from JP¥178 profit in 3Q 2022). Revenue: JP¥42.4b (up 31% from 3Q 2022). Net loss: JP¥685.0m (down 156% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,245, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 41% over the past three years. Announcement • Dec 23
T.RAD Co., Ltd. to Report Q3, 2023 Results on Feb 06, 2023 T.RAD Co., Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. MD, Manager of Accounting & Finance Department and Director Norio Kanai was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: JP¥96.49 loss per share (vs JP¥77.53 profit in 2Q 2022) Second quarter 2023 results: JP¥96.49 loss per share (down from JP¥77.53 profit in 2Q 2022). Revenue: JP¥38.5b (up 18% from 2Q 2022). Net loss: JP¥630.0m (down 214% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 22
T.RAD Co., Ltd. to Report Q2, 2023 Results on Nov 07, 2022 T.RAD Co., Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 6.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • Aug 09
T.RAD Co., Ltd. (TSE:7236) announces an Equity Buyback for 26,000 shares, representing 0.4% for ¥67.29 million. T.RAD Co., Ltd. (TSE:7236) announces a share repurchase program. Under the program, the company will repurchase up to 26,000 shares, representing 0.4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥67.29 million. The shares will be repurchased at a price of ¥2,588 per share. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The program will be valid till August 9, 2022. As of June 30, 2022, the company had 6,534,761 issued shares (excluding treasury stock) and 177,650 treasury shares. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥143 (vs JP¥181 in 1Q 2022) First quarter 2023 results: EPS: JP¥143 (down from JP¥181 in 1Q 2022). Revenue: JP¥35.6b (up 8.1% from 1Q 2022). Net income: JP¥936.0m (down 28% from 1Q 2022). Profit margin: 2.6% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
T.RAD Co., Ltd. to Report Q1, 2023 Results on Aug 08, 2022 T.RAD Co., Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 22
Full year 2022 earnings released: EPS: JP¥516 (vs JP¥172 loss in FY 2021) Full year 2022 results: EPS: JP¥516 (up from JP¥172 loss in FY 2021). Revenue: JP¥133.6b (up 18% from FY 2021). Net income: JP¥3.60b (up JP¥4.84b from FY 2021). Profit margin: 2.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 18
T.RAD Co., Ltd., Annual General Meeting, Jun 28, 2022 T.RAD Co., Ltd., Annual General Meeting, Jun 28, 2022. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,626, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 9x in the Auto Components industry in Japan. Total returns to shareholders of 53% over the past three years.