Tokyo Radiator Manufacturing Co., Ltd. (7235) AI Stock Analysis

• Market Cap: ¥11.74B
• Dividend Yield: 3.66%
• Average Volume (3M): 37.97K
• Price to Earnings (P/E): 6.8
• Beta (1Y): 0.89
• Revenue Growth: 0.93%
• EPS Growth: -7.85%
• Country: JP
• Employees: 879
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Auto - Parts
• EPS (TTM): 70.09
• Shares Outstanding: 10,400,000
• 10 Day Avg. Volume: 33,480
• 30 Day Avg. Volume: 37,966
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,375.00
• Price Target Upside: 10.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: ¥1,375.00 ▲(10.53% Upside)

Tokyo Radiator Manufacturing Co., Ltd. receives a strong overall stock score driven by its attractive valuation and robust technical indicators. The company's solid financial performance further supports the score, although improvements in operational efficiency and asset management could enhance its financial position. The lack of recent earnings call data and notable corporate events did not impact the score.

Tokyo Radiator Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

Tokyo Radiator Manufacturing Co., Ltd. (7235) is a leading manufacturer in the automotive components sector, specializing in the production of radiators and heat exchangers. The company serves a diverse clientele, including major automotive manufacturers and aftermarket distributors, providing high-quality cooling solutions for various types of vehicles. With a focus on innovation and efficiency, Tokyo Radiator combines advanced manufacturing techniques with a commitment to environmental sustainability in its operations.

How the Company Makes Money

Tokyo Radiator Manufacturing Co., Ltd. generates revenue primarily through the sale of its radiators and heat exchangers to automotive manufacturers and aftermarket suppliers. The company has established key partnerships with major automotive brands, which ensures a steady demand for its products. Additionally, Tokyo Radiator benefits from a diversified customer base, which includes both domestic and international clients, helping to mitigate risks associated with market fluctuations. The company also engages in research and development to enhance product offerings and expand into new markets, further contributing to its revenue growth.

Tokyo Radiator Manufacturing Co., Ltd. Financial Statement Overview

Summary

Tokyo Radiator Manufacturing Co., Ltd. demonstrates solid financial performance with consistent revenue growth and improved profitability. The company maintains a strong balance sheet with low leverage, enhancing its financial stability. However, there is room for improvement in operational efficiencies and asset management.

Income Statement

Tokyo Radiator Manufacturing Co., Ltd. has shown consistent revenue growth over the years, with a notable increase in gross profit margins from 11.8% in 2023 to 13.8% in 2025. The net profit margin improved significantly from negative in 2023 to 4.2% in 2025, indicating a turnaround in profitability. However, EBIT and EBITDA margins have remained relatively stable, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet reflects a strong equity position with a low debt-to-equity ratio, indicating financial stability. The return on equity has improved from negative in 2023 to 6.5% in 2025, showcasing enhanced profitability. However, the equity ratio has slightly decreased, which could indicate a need for better asset management.

Cash Flow

The cash flow statement shows a positive trend in operating cash flow, with a significant increase in free cash flow in 2025. The free cash flow to net income ratio is healthy, indicating efficient cash generation relative to net income. However, the volatility in free cash flow growth rates suggests potential fluctuations in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.06B	34.06B	33.40B	31.79B	26.99B	26.00B
Gross Profit	4.69B	4.69B	4.51B	3.75B	2.55B	2.57B
EBITDA	3.10B	3.17B	3.20B	1.21B	1.20B	1.33B
Net Income	1.42B	1.42B	1.68B	-718.77M	-801.05M	106.40M
Balance Sheet
Total Assets	32.92B	32.92B	31.63B	29.17B	31.64B	31.40B
Cash, Cash Equivalents and Short-Term Investments	8.41B	8.41B	7.09B	6.91B	8.27B	10.23B
Total Debt	286.29M	286.29M	324.36M	4.58M	207.61M	199.14M
Total Liabilities	8.97B	8.97B	9.73B	10.02B	8.29B	8.11B
Stockholders Equity	21.96B	21.96B	19.94B	17.32B	21.64B	21.55B
Cash Flow
Free Cash Flow	0.00	1.44B	252.81M	2.45B	-1.85B	-18.30M
Operating Cash Flow	0.00	2.25B	1.34B	3.50B	-180.84M	1.18B
Investing Cash Flow	0.00	-599.38M	-1.26B	-908.80M	-991.40M	-1.29B
Financing Cash Flow	0.00	-410.82M	-311.45M	-3.99B	-622.34M	-368.68M

Tokyo Radiator Manufacturing Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1244.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 1244 is above the 20-day moving average (MA) of 1150.85, above the 50-day MA of 1019.94, and above the 200-day MA of 861.24, indicating a bullish trend. The MACD of 67.17 indicates Negative momentum. The RSI at 79.87 is Negative, neither overbought nor oversold. The STOCH value of 81.19 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7235	80 Outperform	¥11.74B	6.81		3.66%	0.93%	-7.85%
7236	79 Outperform	¥36.07B	7.28		3.49%	1.00%	413.42%
7254	78 Outperform	¥11.75B	4.53		2.35%	-4.83%	5.31%
7241	70 Outperform	¥88.84B	13.76		3.53%	-11.96%	-46.82%
Sector *	61 Neutral	$17.92B	12.81	-3.11%	2.97%	1.30%	-14.28%
7277	56 Neutral	¥10.10B	―		2.25%	-3.20%	-454.63%
7256	39 Underperform	¥4.37B	―		―	33.86%	69.12%

Tokyo Radiator Manufacturing Co., Ltd. Corporate Events

Tokyo Radiator Reports Mixed Financial Results Amidst Market Challenges

Tokyo Radiator Manufacturing Co., Ltd. reported consolidated financial results for the nine months ending December 31, 2024, showing a slight decrease in net sales by 0.1% compared to the previous year, amidst a challenging market environment. While operating and ordinary profits saw increases of 7.0% and 11.5% respectively, profit attributable to owners dropped by 13.0%, indicating pressure on the bottom line. The company also shared a forecast for the full fiscal year ending March 31, 2025, projecting a 1.2% decline in net sales and a significant 34.6% drop in profit attributable to owners of the parent, reflecting ongoing economic challenges.