Tokyo Radiator Manufacturing Co., Ltd. (JP:7235)
:7235
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Tokyo Radiator Manufacturing Co., Ltd.
(7235)
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Rating:79Outperform
Price Target:
¥1,712.00
▲(7.13% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong financial positioning (especially the very conservative balance sheet) and attractive valuation (low P/E with a ~3.95% dividend yield). Technicals are supportive but more mixed, with strength versus short-term averages while still below the 100-day average, and the key risk remains cash-flow consistency versus reported earnings.
Positive Factors
Balance Sheet Strength
Near-zero leverage and rising equity provide durable financial flexibility. Low debt reduces refinancing and interest risks through automotive cycles, supports steady supplier/customer relationships, allows opportunistic capex or buybacks, and cushions against demand shocks over the next 2–6 months.
Negative Factors
Cash-Flow Volatility
Material swings in operating and free cash flow reduce predictability of funds available for capex, dividends, or debt reduction. Working-capital volatility or higher reinvestment needs can constrain strategic flexibility and raise execution risk, especially if auto demand softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Near-zero leverage and rising equity provide durable financial flexibility. Low debt reduces refinancing and interest risks through automotive cycles, supports steady supplier/customer relationships, allows opportunistic capex or buybacks, and cushions against demand shocks over the next 2–6 months.
Read all positive factors
Tokyo Radiator Manufacturing Co., Ltd. (7235) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.33B
Dividend Yield4.02%
Average Volume (3M)34.34K
Price to Earnings (P/E)7.1
Beta (1Y)0.96
Revenue Growth3.88%
EPS Growth42.22%
CountryJP
Employees879
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)182.75
Shares Outstanding10,400,000
10 Day Avg. Volume24,860
30 Day Avg. Volume34,343
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.51
Price to Sales (P/S)0.35
P/FCF Ratio15.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tokyo Radiator Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Tokyo Radiator Mfg.Co.,Ltd. manufactures and sells heat exchangers and body components in Japan, China, Thailand, and Indonesia. It provides cooling modules for trucks and construction machinery; radiators and inter coolers for heavy and light dut...
How the Company Makes Money
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Tokyo Radiator Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.19B | 35.38B | 34.06B | 33.40B | 31.79B | 26.99B |
| Gross Profit | 5.01B | 5.37B | 4.69B | 4.51B | 3.75B | 2.55B |
| EBITDA | 3.40B | 3.58B | 3.12B | 2.83B | 2.13B | 1.04B |
| Net Income | 1.72B | 2.04B | 1.42B | 1.68B | -718.77M | -801.05M |
Balance Sheet | ||||||
| Total Assets | 32.39B | 33.44B | 32.92B | 31.63B | 29.17B | 31.64B |
| Cash, Cash Equivalents and Short-Term Investments | 8.66B | 8.54B | 8.41B | 7.09B | 6.91B | 8.27B |
| Total Debt | 226.10M | 0.00 | 286.29M | 324.36M | 182.33M | 207.61M |
| Total Liabilities | 8.66B | 7.34B | 8.97B | 9.73B | 10.02B | 8.29B |
| Stockholders Equity | 21.78B | 24.07B | 21.96B | 19.94B | 17.32B | 21.64B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 770.14M | 1.44B | 275.59M | 2.49B | -1.83B |
| Operating Cash Flow | 0.00 | 1.71B | 2.25B | 1.34B | 3.50B | -180.84M |
| Investing Cash Flow | 0.00 | -2.04B | -599.38M | -1.26B | -908.80M | -991.40M |
| Financing Cash Flow | 0.00 | -737.32M | -410.82M | -311.45M | -3.99B | -622.34M |
Tokyo Radiator Manufacturing Co., Ltd. Technical Analysis
Positive
1598.00
Price Trends
1431.18
Positive
1525.12
Negative
1396.30
Positive
Market Momentum
13.93
Negative
56.97
Neutral
62.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7235, the sentiment is Positive. The current price of 1598 is above the 20-day moving average (MA) of 1474.05, above the 50-day MA of 1431.18, and above the 200-day MA of 1396.30, indicating a bullish trend. The MACD of 13.93 indicates Negative momentum. The RSI at 56.97 is Neutral, neither overbought nor oversold. The STOCH value of 62.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7235.
Tokyo Radiator Manufacturing Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥14.33B | 7.06 | ― | 4.02% | 3.88% | 42.22% | |
78 Outperform | ¥86.56B | 9.60 | ― | 3.60% | 1.91% | 122.02% | |
74 Outperform | ¥554.02B | 9.48 | 8.58% | 2.62% | 8.21% | 72.79% | |
68 Neutral | ¥5.19T | 11.64 | 6.98% | 2.98% | 5.28% | 12.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥1.68T | 10.27 | 8.34% | 2.03% | 4.53% | 65.12% | |
48 Neutral | ¥19.14B | 8.98 | -20.61% | ― | 7.82% | ― |
* Consumer Cyclical Sector Average
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Tokyo Radiator Manufacturing Co., Ltd. Corporate Events
Tokyo Radiator Sets Out TRS Vision-2030 Medium-Term Plan
May 14, 2026
Tokyo Radiator Manufacturing Co., Ltd. has outlined a new medium-term management plan, branded TRS Vision-2030, covering fiscal years 2026 to 2030. The plan is presented as a successor to the previous TRS Vision-2025 initiative and appears to be s...
Tokyo Radiator Lifts Profit 38% and Hikes Dividend on Strong FY2025 Results
May 14, 2026
Tokyo Radiator Manufacturing Co., Ltd. reported consolidated results for the fiscal year ended March 31, 2026, showing solid growth in revenue and profitability. Net sales rose 4% year on year to 35,382 million yen, supported by favorable exchange...
Tokyo Radiator Delivers Strong FY2026 Profit Growth and Hikes Dividend, Sees Softer Earnings Ahead
May 14, 2026
Tokyo Radiator Manufacturing reported consolidated net sales of ¥35.38 billion for the fiscal year ended March 31, 2026, up 3.9% year on year, with operating profit jumping 37.5% to ¥2.36 billion and profit attributable to owners of pare...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.