T.RAD Co., Ltd. (JP:7236)
:7236
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T.RAD Co., Ltd.
(7236)
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Rating:78Outperform
Price Target:
¥16,644.00
▲(99.33% Upside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by improved fundamentals (stronger profitability and sharply reduced debt) and very attractive valuation (low P/E with a solid dividend). Technicals add support via strong uptrend signals, though overbought RSI and the sharp TTM revenue contraction/cash-flow volatility temper the overall rating.
Positive Factors
Improved Profitability
Margins have recovered materially to mid-single digits (TTM net ~6.1%, EBIT ~8.1%), indicating improved pricing, cost control or mix. Sustained margin improvement enhances free cash generation and competitiveness with OEMs, supporting reinvestment and resilience through the auto cycle.
Negative Factors
Sharp Revenue Decline / Volume Risk
A TTM revenue collapse of roughly -73% signals lost programs, steep volume declines or major timing shifts. Lower scale pressures fixed-cost absorption and supplier negotiating leverage, threatening sustained margins and making earnings dependent on program recovery or new contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Margins have recovered materially to mid-single digits (TTM net ~6.1%, EBIT ~8.1%), indicating improved pricing, cost control or mix. Sustained margin improvement enhances free cash generation and competitiveness with OEMs, supporting reinvestment and resilience through the auto cycle.
Read all positive factors
T.RAD Co., Ltd. (7236) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥85.11B
Dividend Yield3.6%
Average Volume (3M)22.44K
Price to Earnings (P/E)5.8
Beta (1Y)1.43
Revenue Growth1.91%
EPS Growth122.02%
CountryJP
Employees4,365
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1477.50
Shares Outstanding5,900,000
10 Day Avg. Volume13,990
30 Day Avg. Volume22,436
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.87
Price to Sales (P/S)0.28
P/FCF Ratio8.99
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
T.RAD Co., Ltd. Business Overview & Revenue Model
Company Description
T.RAD Co., Ltd. manufactures and markets heat exchangers for automobiles, construction and industrial machines, air conditioners, distributed generators, and others in Japan and internationally. The company offers radiators, oil coolers, EGR coole...
How the Company Makes Money
T.RAD makes money primarily by manufacturing and selling heat-exchange and thermal-management products to customers (mainly automotive OEMs and, where applicable, suppliers and other industrial users). Revenue is generated from (1) sales of radiat...
T.RAD Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 162.28B | 159.24B | 158.66B | 149.41B | 133.58B |
| Gross Profit | 22.60B | 19.64B | 14.90B | 11.86B | 15.10B |
| EBITDA | 16.90B | 12.64B | 10.98B | 4.74B | 11.98B |
| Net Income | 8.77B | 4.25B | 1.25B | -3.60B | 3.60B |
Balance Sheet | |||||
| Total Assets | 99.72B | 97.49B | 103.09B | 94.10B | 93.76B |
| Cash, Cash Equivalents and Short-Term Investments | 16.44B | 16.93B | 20.63B | 10.71B | 13.75B |
| Total Debt | 21.86B | 21.51B | 24.91B | 22.45B | 19.18B |
| Total Liabilities | 46.65B | 48.74B | 57.80B | 50.24B | 47.02B |
| Stockholders Equity | 53.01B | 48.69B | 44.89B | 42.26B | 44.50B |
Cash Flow | |||||
| Free Cash Flow | 5.11B | 2.52B | 9.76B | -2.47B | 1.45B |
| Operating Cash Flow | 12.56B | 7.56B | 16.97B | 4.38B | 7.26B |
| Investing Cash Flow | -7.20B | -6.47B | -7.08B | -6.70B | -5.84B |
| Financing Cash Flow | -5.87B | -6.95B | -616.00M | -1.06B | -3.39B |
T.RAD Co., Ltd. Technical Analysis
Positive
8350.00
Price Trends
9448.01
Negative
8941.31
Positive
7611.31
Positive
Market Momentum
-109.66
Negative
58.00
Neutral
93.09
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 8350 is above the 20-day moving average (MA) of 8279.44, below the 50-day MA of 9448.01, and above the 200-day MA of 7611.31, indicating a neutral trend. The MACD of -109.66 indicates Negative momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 93.09 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥386.67B | 16.57 | 8.36% | 2.71% | 2.88% | 213.02% | |
78 Outperform | ¥85.11B | 5.79 | ― | 3.60% | 1.91% | 122.02% | |
78 Outperform | ¥13.44B | 7.18 | ― | 4.02% | 5.64% | 28.24% | |
68 Neutral | ¥5.22T | 7.75 | 6.98% | 2.98% | 5.28% | 12.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | ¥27.39B | -5.63 | ― | 3.33% | -3.29% | -50.50% |
* Consumer Cyclical Sector Average
JP:7236
T.RAD Co., Ltd.
14,600.00
10,919.55
296.69%
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70.80
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JP:7235
Tokyo Radiator Manufacturing Co., Ltd.
1,425.00
597.89
72.29%
T.RAD Co., Ltd. Corporate Events
T.RAD Flags Conservative Targets as It Maps Thermal-Tech Growth Beyond Autos
Apr 28, 2026
T.RAD used its fiscal 2026 results briefing QA to reassure investors that geopolitical tensions in the Middle East are not yet affecting its profit and loss or balance sheet, citing pass-through arrangements for raw material price swings and no cu...
T.RAD Unveils T.RAD-2026 Mid-Term Plan to Drive Global Growth and Profitability
Apr 27, 2026
T.RAD Co., Ltd. has introduced its mid-term management plan, T.RAD-2026, outlining performance targets and strategic priorities through 2026. The plan covers global expansion, green transformation initiatives, development of new businesses, and me...
T.RAD Weighs Investment Unit Cut but Keeps Status Quo for Now
Apr 27, 2026
T.RAD Co., Ltd., a Prime Market-listed Japanese components maker, underlined its recognition that reducing the minimum investment unit for its shares can support stock market revitalization by broadening the investor base and improving liquidity. ...
T.RAD Plans Sharp Dividend Hike and Sets More Aggressive Shareholder Return Policy
Apr 27, 2026
T.RAD Co., Ltd. has revised its forecast for the year-end dividend for the fiscal year ending March 2026, announcing a substantial increase in planned shareholder returns. The company now expects a year-end dividend of ¥400 per share, up from...
T.RAD Delivers Strong Profit Rebound on Modest Sales Growth in FY2025
Apr 27, 2026
T.RAD Co., Ltd. reported consolidated net sales of ¥162.3 billion for the fiscal year ended March 2026, a 1.9% increase from the prior year, driven by growth in its domestic business and mixed performance overseas. While revenues in the U.S. ...
T.RAD Doubles Profit and Hikes Dividend as Margins and Balance Sheet Strengthen
Apr 27, 2026
T.RAD Co., Ltd. reported consolidated net sales of ¥162.3 billion for the fiscal year ended March 31, 2026, a 1.9% increase year on year, with operating income surging 53.8% to ¥11.2 billion and profit attributable to owners of parent mo...
T.RAD Discloses Financial Results and Governance Structure of Unlisted Parent JINYA CONNECT
Feb 20, 2026
T.RAD Co., Ltd. has disclosed the finalized financial results of its unlisted parent company, JINYA CONNECT Co., Ltd., for the fiscal year ended December 31, 2025, underscoring the close capital and business ties within the group. JINYA CONNECT de...
T.RAD wraps up authorized share repurchase ahead of schedule
Feb 4, 2026
The company reported the completion of its board-authorized treasury share buyback, acquiring 31,800 shares for ¥302.98 million between February 1 and 3, 2026, bringing cumulative repurchases under the program to 240,800 shares valued at roug...
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.