Tokyo Radiator Manufacturing Co., Ltd.

Tokyo Radiator Manufacturing Co., Ltd.

TTSE:7235
1,507.00
JPY
-7.00
(-0.46%)
12.34BMarket Cap
Nov 12Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1,948
2,138.94
2,188.13
2,075.12
1,991.8
2,098.61
2,008.59
1,806.8
1,875.79
2,333.96
3,557.88
3,617.32
3,728.95
- -
Basic EPS, GAAP
82.15
93.5
96.5
96.78
66.96
77.4
6.3
7.4
-55.68
-52.78
179.07
151.12
214.85
- -
Free Cash Flow per Basic Share
-14.88
64.51
132.42
176.3
32.06
34.75
-29.98
-1.27
-128.43
180.22
26.93
144.23
76.76
- -
Dividend per Share
7.5
7.5
7.75
9
10.5
12
13
7.5
15.5
8.45
17
26.98
61.42
- -
Book Value per Share
1,138.17
1,268.59
1,308.37
1,383.91
1,459.88
1,490.28
1,440.27
1,497.63
1,503.91
1,844.51
2,124.29
2,327.87
2,527.53
- -
Tangible Book Value per Share
1,126.87
1,255.04
1,294.73
1,373.31
1,450.26
1,479.43
1,416.31
1,476.17
1,486.95
1,822.9
2,107.9
2,308.32
2,507.49
- -
Basic Weighted Avg Shares
14
14
14
14
14
14
14
14
14
14
9
9
9
9
Sales/Revenue/Turnover
28,028
30,775
31,483
29,857
28,658
30,195
28,899
25,996
26,989
31,785
33,401
34,060
35,383
- -
Operating Margin (%)
5.82
6.09
6.26
6.59
5.02
4.77
2.48
0.47
-0.34
2.59
4.18
5.04
6.66
- -
Depreciation Expense
1,051
1,170
1,225
1,187
980
956
1,016
1,032
1,133
1,292
1,437
1,401
1,227
- -
Net Income, GAAP
1,182
1,345
1,389
1,392
963
1,114
91
106
-801
-719
1,681
1,423
2,039
- -
Effective Tax Rate (%)
33.5
27.91
24.2
22.28
24.33
19.31
61.81
25.93
1,476.36
- -
- -
17.08
11.74
- -
Profit Margin (%)
4.22
4.37
4.41
4.66
3.36
3.69
0.31
0.41
-2.97
-2.26
5.03
4.18
5.76
- -
Working Capital
9,577
10,813
11,835
13,517
14,226
14,681
14,111
13,655
13,359
9,386
11,398
13,435
15,235
- -
LT Debt
224
243
89
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
17,484
19,620
20,241
21,352
22,584
23,034
22,358
23,286
23,350
19,149
21,903
23,951
26,100
- -
Return on Invested Capital (%)
6.12
6.71
6.89
6.98
4.85
5.01
1.19
0.39
5.46
- -
- -
6.16
8.26
- -
Return on Capital (%)
6.53
6.18
6.26
5.76
3.66
4.21
-0.25
0.03
-4.56
- -
- -
6.14
7.87
- -
Return on Common Equity (%)
7.62
7.77
7.49
7.19
4.71
5.25
0.43
0.5
-3.71
-3.69
9.02
6.79
8.86
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
12,381
12,340
13,806

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
21,000
21,293
- -
Cash, Cash Equivalents & STI
8,779
8,545
- -
Accounts Receivable, Net
5,547
5,793
- -
Inventories
3,038
3,203
- -
Total Current Liabilities
7,214
6,058
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.94%
3%
8.97%
Free Cash Flow
974.05%
2,012.57%
-46.37%
Net Income, GAAP
-125.84%
-233.82%
43.27%
Sales/Revenue/Turnover
1.44%
6.5%
3.88%
Total Cash Common Dividend
29.86%
57.1%
129.38%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
34,060
2026
- -
- -
- -
- -
35,383
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
151.12
2026
- -
- -
- -
- -
214.85
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
26.98
2026
- -
- -
- -
- -
61.42
2027
- -
- -
- -
- -
- -

Company Description

CEO
Hironori Kimura
Full Time Employees
816
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
2002-1, Endo Fujisawa KN Japan 252-0816
IPO Date
Oct 2, 1961
Business
Tokyo Radiator Mfg. Co., Ltd. specializes in the manufacture and sale of heat exchangers and body components primarily for commercial vehicles, construction machinery, industrial machinery, and agricultural machinery. Its core product portfolio includes high-efficiency radiators, intercoolers, EGR coolers, oil coolers, cooling modules, fuel tanks, oil pans, SCR tanks, and sub tanks. The company caters mainly to markets in Japan, China, and Southeast Asia with a focus on lightweight, high-performance, and environmentally compatible cooling solutions tailored for diesel, petrol, and fuel cell electric vehicles. Founded in 1938 and headquartered in Kawasaki City, Japan, Tokyo Radiator leverages advanced manufacturing technologies such as ultra-deep drawing for pressing and assembling components. The company actively develops products that support carbon neutrality, including radiators for fuel cell electric vehicles and modular cooling systems that balance thermal efficiency with emissions reduction. Tokyo Radiator operates subsidiaries like Chongqing Tokyo Radiator Co., Ltd. in China and PT. Tokyo Radiator Selemat Sempurna in Indonesia, facilitating its regional footprint. In recent developments, Tokyo Radiator has undergone significant strategic shifts, including the buyback of its own shares, which resulted in former parent company Marelli Holdings reducing its stake substantially by February 2023. The company also transitioned to the Standard Market of the Tokyo Stock Exchange from the Second Section in April 2022. Financially, fiscal year 2024 showed notable growth in operating and ordinary income, despite a net loss attributable to shareholders. Tokyo Radiator maintains partnerships and licensing agreements for manufacturing technology with companies in Thailand and Indonesia, and pursues governance improvements amid shareholder activism. The company continues to innovate in thermal management products to meet evolving automotive emission regulations and energy transition goals.