T.RAD Co., Ltd. (7236) AI Stock Analysis

• Market Cap: ¥37.64B
• Dividend Yield: 3.77%
• Average Volume (3M): 22.44K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 1.33
• Revenue Growth: 0.14%
• EPS Growth: 882.91%
• Country: JP
• Employees: 4,365
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 327.90
• Shares Outstanding: 6,592,411
• 10 Day Avg. Volume: 13,990
• 30 Day Avg. Volume: 22,436
• PEG Ratio: 0.02
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.15
• P/FCF Ratio: 9.44
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥9,758.00 ▲(11.01% Upside)

T.RAD Co., Ltd. scores well due to its strong financial performance and attractive valuation. The company's robust revenue and cash flow growth, coupled with a low P/E ratio and solid dividend yield, position it favorably in the market. However, technical indicators suggest the stock may be overbought, which could lead to short-term volatility.

T.RAD Co., Ltd. Business Overview & Revenue Model

Company Description

T.RAD Co., Ltd. (7236) is a Japanese manufacturer specializing in automotive heat exchange systems and components. The company operates primarily in the automotive sector, producing radiators, condensers, and other cooling systems for vehicles. T.RAD is recognized for its innovation in thermal management solutions, catering to both domestic and international markets with a diverse range of products that enhance vehicle performance and efficiency.

How the Company Makes Money

T.RAD Co., Ltd. generates revenue primarily through the sale of its automotive heat exchange products to automobile manufacturers and aftermarket suppliers. The company has established strong relationships with major automotive OEMs, which contributes significantly to its sales volume. Key revenue streams include the production and distribution of radiators, condensers, and other related components, with a focus on both traditional internal combustion engine vehicles and electric vehicles, as the market shifts towards more sustainable automotive technologies. Additionally, T.RAD benefits from research and development partnerships that enable it to innovate and expand its product offerings, further enhancing its market position and revenue potential.

T.RAD Co., Ltd. Financial Statement Overview

Summary

T.RAD Co., Ltd. exhibits strong financial health with significant revenue and cash flow growth, improved profitability, and a stable balance sheet. The company is well-positioned in the auto parts industry, though it should continue focusing on cost management and debt monitoring to sustain its growth trajectory.

Income Statement

T.RAD Co., Ltd. has shown strong revenue growth with a TTM increase of 49.4%, indicating robust demand and market expansion. The gross profit margin is stable at 12.3%, and the net profit margin has improved to 2.67% from previous losses, reflecting enhanced operational efficiency. However, the EBIT and EBITDA margins, while positive, suggest room for improvement in cost management.

Balance Sheet

The company's debt-to-equity ratio stands at 0.44, indicating a balanced approach to leveraging. Return on equity has improved to 9.13%, showcasing effective use of equity to generate profits. The equity ratio is healthy, suggesting a solid financial foundation, though the company should continue monitoring debt levels to maintain financial stability.

Cash Flow

T.RAD Co., Ltd. has demonstrated impressive free cash flow growth of 105.5% in the TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.24, reflecting adequate cash flow relative to earnings. The free cash flow to net income ratio of 0.33 suggests efficient conversion of earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	160.02B	159.24B	158.66B	149.41B	133.58B	113.05B
Gross Profit	21.07B	19.64B	14.90B	11.86B	15.10B	10.84B
EBITDA	13.30B	12.64B	10.98B	4.74B	11.98B	6.83B
Net Income	5.97B	4.25B	1.25B	-3.60B	3.60B	-1.24B
Balance Sheet
Total Assets	96.74B	97.49B	103.09B	94.10B	93.76B	86.80B
Cash, Cash Equivalents and Short-Term Investments	16.30B	16.93B	20.63B	10.71B	13.75B	14.89B
Total Debt	21.61B	21.51B	24.91B	22.45B	19.18B	18.89B
Total Liabilities	49.57B	48.74B	57.80B	50.25B	47.02B	43.58B
Stockholders Equity	47.11B	48.69B	44.89B	42.26B	44.50B	41.05B
Cash Flow
Free Cash Flow	5.17B	2.52B	9.76B	-2.47B	1.45B	1.65B
Operating Cash Flow	11.21B	7.56B	16.97B	4.38B	7.26B	7.47B
Investing Cash Flow	-7.35B	-6.47B	-7.08B	-6.70B	-5.84B	-5.84B
Financing Cash Flow	-4.91B	-6.95B	-616.00M	-1.06B	-3.39B	-588.00M

T.RAD Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8790.00
• 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:7236, the sentiment is Positive. The current price of 8790 is above the 20-day moving average (MA) of 7266.50, above the 50-day MA of 7055.18, and above the 200-day MA of 4933.46, indicating a bullish trend. The MACD of 365.89 indicates Negative momentum. The RSI at 75.59 is Negative, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7236.

T.RAD Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7236	75 Outperform	¥37.64B	5.85	―	3.77%	0.14%	882.91%
7284	71 Outperform	¥4.24B	7.37	―	4.11%	4.93%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6584	61 Neutral	¥33.64B	79.37	―	3.13%	0.72%	-92.17%
7280	61 Neutral	¥42.75B	3.58	―	1.05%	-1.12%	-24.58%
7212	54 Neutral	¥14.22B	-2.30	―	2.76%	-2.67%	33.63%

T.RAD Co., Ltd. Corporate Events

T.RAD Co., Ltd. Releases Q2 Financial Results Briefing Video

T.RAD Co., Ltd. has released a video of its financial results briefing for the second quarter of the fiscal year ending March 2026. This initiative is part of the company’s commitment to fair disclosure and aims to protect individual investors while enhancing corporate value through improved investor relations.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Corrects Treasury Share Cancellation Date

T.RAD Co., Ltd. announced a correction to its previously disclosed ‘Notice Regarding Cancellation of Treasury Shares’ due to an error in the cancellation date. The corrected cancellation date is now November 21, 2025, instead of the initially stated November 24, 2025. This correction ensures accurate communication with stakeholders and maintains the company’s transparency in its financial operations.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Reports Progress in Treasury Stock Acquisition

T.RAD Co., Ltd. announced the acquisition of 45,900 treasury shares at a cost of 319,440,000 yen during October 2025, as part of a broader initiative approved by the Board of Directors to repurchase up to 350,000 shares by April 2026. This move is part of the company’s strategy to enhance shareholder value and optimize capital structure, reflecting its commitment to maintaining a robust financial position.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Announces Cancellation of Treasury Shares

T.RAD Co., Ltd. announced its decision to cancel 692,411 treasury shares, which represents 10.50% of its total issued shares, as part of a strategic move to optimize its capital structure. This cancellation, set for November 24, 2025, will reduce the number of outstanding shares to 5,900,000, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Increases Dividend Forecast Amid Strong Earnings

T.RAD Co., Ltd. announced a revision of its interim and year-end dividend forecasts for the fiscal year ending March 31, 2026, increasing the dividend per share by 40 yen to 160 yen. This decision reflects the company’s improved earnings forecast and commitment to shareholder returns, resulting in a total annual dividend increase of 80 yen per share compared to the previous year.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Revises Earnings Forecasts Upward Amid Improved Performance

T.RAD Co., Ltd. has revised its full-year earnings forecasts for the fiscal year ending March 31, 2026, reflecting improved performance trends. The company anticipates higher consolidated net sales and profits due to better sales plans and operational efficiencies, particularly in the U.S. segment. However, it remains cautious of potential risks such as changes in U.S. customs policies and geopolitical uncertainties.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Reports Robust Financial Recovery and Increases Dividend Forecast

T.RAD Co., Ltd. reported a significant improvement in its financial performance for the first half of the fiscal year ending September 30, 2025, despite a slight decline in net sales. The company achieved a substantial increase in operating income and profit attributable to owners, reflecting a strong recovery from the previous year. The announcement also included an upward revision of dividend forecasts, indicating confidence in future earnings and a commitment to returning value to shareholders.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Announces Treasury Stock Acquisition

T.RAD Co., Ltd. has announced the acquisition of 27,200 shares of its own common stock, costing approximately 205 million yen, as part of a broader plan to repurchase up to 350,000 shares by April 2026. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen8843.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Announces Treasury Stock Acquisition Plan

T.RAD Co., Ltd. announced a decision to acquire up to 350,000 shares of its own stock, representing 5.91% of the total issued shares, as part of its ‘T.RAD-2025’ medium-term management plan. This move is aimed at enhancing capital efficiency and providing returns to shareholders, with the acquisition period set from September 17, 2025, to April 27, 2026, through market purchases on the Tokyo Stock Exchange.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen7761.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.

T.RAD Co., Ltd. Completes Treasury Stock Acquisition

T.RAD Co., Ltd. has completed the acquisition of 118,100 shares of its treasury stock, costing approximately 787.8 million yen, as part of a resolution made by its Board of Directors. This move is part of a broader strategy to repurchase up to 500,000 shares, enhancing shareholder value and potentially stabilizing stock prices.

The most recent analyst rating on (JP:7236) stock is a Buy with a Yen5367.00 price target. To see the full list of analyst forecasts on T.RAD Co., Ltd. stock, see the JP:7236 Stock Forecast page.