1. Japan Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
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
Tokyo Radiator Manufacturing Co., Ltd.
TSE:7235
(Tokyo Stock Exchange)

Recent

price

1,507.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
1,865.14
2,042.32
1,768.87
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
- -
Revenue per Share
102.2
104.05
85.66
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
- -
Basic EPS, GAAP
197.54
57.85
179.18
-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
- -
Free Cash Flow per Basic Share
3
6
7.5
7.5
7.5
7.75
9
10.5
12
13
7.5
15.5
8.45
17
26.98
61.42
- -
Dividend per Share
811.32
917.2
1,017.55
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
- -
Book Value per Share
806.31
911.25
1,010.86
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
- -
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
9
9
9
9
Basic Weighted Avg Shares
26,836
29,386
25,451
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
- -
Sales/Revenue/Turnover
8.96
8.56
7.01
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
- -
Operating Margin (%)
1,285
1,113
949
1,051
1,170
1,225
1,187
980
956
1,016
1,032
1,133
1,292
1,437
1,401
1,227
- -
Depreciation Expense
1,470
1,497
1,232
1,182
1,345
1,389
1,392
963
1,114
91
106
-801
-719
1,681
1,423
2,039
- -
Net Income, GAAP
24.25
33.57
34.03
33.5
27.91
24.2
22.28
24.33
19.31
61.81
25.93
1,476.36
- -
- -
17.08
11.74
- -
Effective Tax Rate (%)
5.48
5.09
4.84
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
- -
Profit Margin (%)
4,868
6,774
8,209
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
- -
Working Capital
- -
- -
159
224
243
89
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
12,249
13,812
15,449
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
- -
Total Equity
14.4
11.71
7.43
6.12
6.71
6.89
6.98
4.85
5.01
1.19
0.39
5.46
- -
- -
6.16
8.26
- -
Return on Invested Capital (%)
10.27
9.68
7.36
6.53
6.18
6.26
5.76
3.66
4.21
-0.25
0.03
-4.56
- -
- -
6.14
7.87
- -
Return on Capital (%)
13.34
12.04
8.85
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.