Why don't we just wait and see until the time is right?
Hurricane season is just around the corner.
It’s just a phase Takeshi is going through. Don’t they say people living in a foreign country usually experience a period of culture shock?
The time period of time is a period of time of time. If anything, just notice how many times the word "time" is used and you'll remember this word means time. The meaning is a specific type of time, though. This is talking about a season or period of time, not the concept of time itself. That would be 時間 or something.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.