Terra Drone vs Sichuan Tianwei Electronic: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Terra Drone Corporation (278A.JP)

Q3 202622 Jul – 14 Sep 2026

▲3▼1

Terra Drone builds domestic defense drone supply chain, but losses widen

Moving drone batteries and flight controllers in-house Terra Drone said it will make drone batteries in Japan from this year, then followed with its own flight controller for defense drones. Making key parts at home cuts reliance on Chinese and Taiwanese suppliers, which supports orders and long-term growth.
This is the core new business shift driving the company's story and future revenue.
Defense drone test passed and orders building Its Terra B1 interceptor drone passed the Defense Equipment Agency's demonstration test. It already won an order for 300 general-purpose defense drones and plans 1,767 more by March. Passing official tests makes future defense contracts more likely, a real growth driver.
Government validation and order pipeline are the clearest new positive catalysts for the stock.
Going global in defense via Ukraine and Czech deals Terra Drone will make a Ukrainian interceptor-drone company a subsidiary, is weighing a high-speed interceptor for Shahed-type attack drones, and may form a Czech joint venture. These moves widen its defense product lineup and open new markets.
International expansion is a new strategic step that could add revenue beyond Japan.
Losses widen as defense costs rise before sales arrive For February-July 2026 the loss grew to 680 million yen from 394 million yen, and a full-year loss of about 1.2 billion yen is still expected. Defense sales are not yet in the forecast, though the president says they start in the third quarter.
This is the main counterweight: heavy spending now with profits still ahead.

August 202622 Jul – 14 Sep 2026

▲3▼1

Terra Drone builds domestic defense drone supply chain, but losses widen

Moving drone batteries and flight controllers in-house Terra Drone said it will make drone batteries in Japan from this year, then followed with its own flight controller for defense drones. Making key parts at home cuts reliance on Chinese and Taiwanese suppliers, which supports orders and long-term growth.
This is the core new business shift driving the company's story and future revenue.
Defense drone test passed and orders building Its Terra B1 interceptor drone passed the Defense Equipment Agency's demonstration test. It already won an order for 300 general-purpose defense drones and plans 1,767 more by March. Passing official tests makes future defense contracts more likely, a real growth driver.
Government validation and order pipeline are the clearest new positive catalysts for the stock.
Going global in defense via Ukraine and Czech deals Terra Drone will make a Ukrainian interceptor-drone company a subsidiary, is weighing a high-speed interceptor for Shahed-type attack drones, and may form a Czech joint venture. These moves widen its defense product lineup and open new markets.
International expansion is a new strategic step that could add revenue beyond Japan.
Losses widen as defense costs rise before sales arrive For February-July 2026 the loss grew to 680 million yen from 394 million yen, and a full-year loss of about 1.2 billion yen is still expected. Defense sales are not yet in the forecast, though the president says they start in the third quarter.
This is the main counterweight: heavy spending now with profits still ahead.

Latest22 Jul – 14 Sep 2026

▲3▼1

Terra Drone builds domestic defense drone supply chain, but losses widen

Moving drone batteries and flight controllers in-house Terra Drone said it will make drone batteries in Japan from this year, then followed with its own flight controller for defense drones. Making key parts at home cuts reliance on Chinese and Taiwanese suppliers, which supports orders and long-term growth.
This is the core new business shift driving the company's story and future revenue.
Defense drone test passed and orders building Its Terra B1 interceptor drone passed the Defense Equipment Agency's demonstration test. It already won an order for 300 general-purpose defense drones and plans 1,767 more by March. Passing official tests makes future defense contracts more likely, a real growth driver.
Government validation and order pipeline are the clearest new positive catalysts for the stock.
Going global in defense via Ukraine and Czech deals Terra Drone will make a Ukrainian interceptor-drone company a subsidiary, is weighing a high-speed interceptor for Shahed-type attack drones, and may form a Czech joint venture. These moves widen its defense product lineup and open new markets.
International expansion is a new strategic step that could add revenue beyond Japan.
Losses widen as defense costs rise before sales arrive For February-July 2026 the loss grew to 680 million yen from 394 million yen, and a full-year loss of about 1.2 billion yen is still expected. Defense sales are not yet in the forecast, though the president says they start in the third quarter.
This is the main counterweight: heavy spending now with profits still ahead.

Sichuan Tianwei Electronic Co Ltd (688511.CG)

Q3 202630 Jul – 30 Sep 2026

▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.
This is the biggest new negative event, directly threatening revenue and listing status.
Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.
This removes a previously announced positive growth driver, leaving the company without that expansion.
First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.
The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.

August 202630 Jul – 30 Sep 2026

▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.
This is the biggest new negative event, directly threatening revenue and listing status.
Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.
This removes a previously announced positive growth driver, leaving the company without that expansion.
First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.
The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.

Latest30 Jul – 30 Sep 2026

▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.
This is the biggest new negative event, directly threatening revenue and listing status.
Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.
This removes a previously announced positive growth driver, leaving the company without that expansion.
First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.
The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.