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Tokyo Radiator Manufacturing Co., Ltd.
(7235)
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Rating:81Outperform
Price Target:
¥1,848.00
▲(15.64% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial stability (near-zero debt) and an attractive valuation (low P/E and solid dividend yield). Technicals are supportive with the stock trading above key moving averages and a positive MACD, though momentum appears somewhat stretched per the Stochastic indicator. The key risk tempering the score is uneven cash-flow consistency despite improved earnings.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest burden and refinancing risk while preserving flexibility to fund operations, investment, or shareholder returns. The stronger equity base also improves resilience during automotive demand or earnings downturns.
Negative Factors
Volatile Cash Conversion
Uneven operating and free cash flow suggests working-capital swings or changing reinvestment needs. If this pattern persists, reported earnings may convert inconsistently into cash, limiting funding flexibility and reducing confidence in earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest burden and refinancing risk while preserving flexibility to fund operations, investment, or shareholder returns. The stronger equity base also improves resilience during automotive demand or earnings downturns.
Read all positive factors
Tokyo Radiator Manufacturing Co., Ltd. (7235) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.09B
Dividend Yield4.06%
Average Volume (3M)34.34K
Price to Earnings (P/E)7.8
Beta (1Y)0.94
Revenue Growth5.02%
EPS Growth11.74%
CountryJP
Employees816
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)204.19
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, and rest of Asia. It offers cooling modules for trucks, as well as construction and industrial machineries; radiators and inter coolers; oil pa...
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 | 35.91B | 35.38B | 34.06B | 33.40B | 31.79B | 26.99B |
| Gross Profit | 5.43B | 5.37B | 4.69B | 4.51B | 3.75B | 2.55B |
| EBITDA | 3.55B | 3.58B | 3.12B | 2.83B | 2.13B | 1.04B |
| Net Income | 1.94B | 2.04B | 1.42B | 1.68B | -718.77M | -801.05M |
Balance Sheet | ||||||
| Total Assets | 33.56B | 33.44B | 32.92B | 31.63B | 29.17B | 31.64B |
| Cash, Cash Equivalents and Short-Term Investments | 9.35B | 8.54B | 8.41B | 7.09B | 6.91B | 8.27B |
| Total Debt | 224.18M | 268.82M | 286.29M | 324.36M | 182.33M | 207.61M |
| Total Liabilities | 6.94B | 7.34B | 8.97B | 9.73B | 10.02B | 8.29B |
| Stockholders Equity | 24.54B | 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
1502.16
Positive
1466.03
Positive
1487.59
Positive
Market Momentum
24.69
Negative
63.77
Neutral
87.11
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 1598 is above the 20-day moving average (MA) of 1552.05, above the 50-day MA of 1502.16, and above the 200-day MA of 1487.59, indicating a bullish trend. The MACD of 24.69 indicates Negative momentum. The RSI at 63.77 is Neutral, neither overbought nor oversold. The STOCH value of 87.11 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥15.09B | 7.84 | ― | 4.02% | 5.02% | 11.74% | |
78 Outperform | ¥609.50B | 9.61 | 10.96% | 2.75% | 12.73% | 81.53% | |
73 Outperform | ¥93.40B | 10.48 | ― | 3.60% | 1.79% | 60.36% | |
71 Outperform | ¥5.38T | 12.19 | 8.64% | 3.26% | 7.51% | 13.94% | |
63 Neutral | ¥1.63T | 10.08 | 8.25% | 2.92% | 5.69% | 27.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥22.87B | 4.63 | 8.99% | ― | 12.18% | ― |
* General Sector Average
JP:7235
Tokyo Radiator Manufacturing Co., Ltd.
1,600.00
545.06
51.67%
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JP:7236
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1,585.00
918.97
137.98%
Tokyo Radiator Manufacturing Co., Ltd. Corporate Events
Tokyo Radiator lifts sales but profits dip on China weakness and FX losses
Aug 7, 2026
Tokyo Radiator Mfg. Co., Ltd. reported consolidated net sales of ¥9.24 billion for the first quarter of fiscal 2026, a 6% year-on-year increase driven by higher sales in Japan and other Asian markets. Despite this topline growth, operating pr...
Tokyo Radiator Posts Higher Sales but Lower Profit, Keeps Outlook and Lifts Dividend
Aug 7, 2026
Tokyo Radiator Manufacturing reported consolidated net sales of ¥9.24 billion for the quarter ended June 30, 2026, up 6.0% year on year, while operating profit slipped 3.5% to ¥703 million and profit attributable to owners fell 14.4% to ...
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.