Top Page
T.RAD Co., Ltd.
(7236)
T.RAD Co., Ltd. (7236) vs. iShares MSCI Japan ETF (EWJ)
T.RAD Co., Ltd. Business Overview & Revenue Model
T.RAD Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 157.70B | 159.24B | 158.66B | 149.41B | 133.58B | 113.05B |
| Gross Profit | 22.08B | 19.64B | 14.90B | 11.86B | 15.10B | 10.84B |
| EBITDA | 15.29B | 12.64B | 10.98B | 4.74B | 11.98B | 6.83B |
| Net Income | 7.62B | 4.25B | 1.25B | -3.60B | 3.60B | -1.24B |
Balance Sheet | ||||||
| Total Assets | 92.70B | 97.49B | 103.09B | 94.10B | 93.76B | 86.80B |
| Cash, Cash Equivalents and Short-Term Investments | 13.10B | 16.93B | 20.63B | 10.71B | 13.75B | 14.89B |
| Total Debt | 19.08B | 21.51B | 24.91B | 22.45B | 19.66B | 19.35B |
| Total Liabilities | 45.41B | 48.74B | 57.80B | 50.25B | 47.02B | 43.58B |
| Stockholders Equity | 47.24B | 48.69B | 44.89B | 42.26B | 44.50B | 41.05B |
Cash Flow | ||||||
| Free Cash Flow | 6.67B | 2.52B | 9.76B | -2.47B | 1.45B | 1.65B |
| Operating Cash Flow | 11.65B | 7.56B | 16.97B | 4.38B | 7.26B | 7.47B |
| Investing Cash Flow | -6.07B | -6.47B | -7.08B | -6.70B | -5.84B | -5.84B |
| Financing Cash Flow | -8.94B | -6.95B | -616.00M | -1.06B | -3.39B | -588.00M |
T.RAD Co., Ltd. Technical Analysis
T.RAD Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥60.06B | 5.19 | ― | 0.99% | -0.83% | -27.20% | |
77 Outperform | ¥51.30B | 5.39 | ― | 3.60% | 0.14% | 882.91% | |
71 Outperform | ¥4.17B | 6.85 | ― | 4.08% | 3.46% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥30.13B | 11.65 | ― | 3.33% | -3.91% | -36.53% | |
54 Neutral | ¥14.63B | -8.41 | ― | 2.45% | -2.67% | 33.63% |
T.RAD Co., Ltd. Corporate Events
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 roughly ¥1.999 billion before the April 27 deadline. Finishing the buyback signals T.RAD’s continued capital allocation focus after cancelling 692,411 treasury shares in November 2025, potentially tightening float and supporting shareholder value as the firm navigates Prime Market expectations.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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. reported the latest status of its ongoing share repurchase program authorized by the board on September 16, 2025, under which it is permitted to buy back up to 350,000 shares for a maximum of 2 billion yen via market purchases on the Tokyo Stock Exchange through April 27, 2026. During the period from January 1 to January 31, 2026, the company acquired 40,700 shares of its common stock at a total cost of 343.8 million yen, bringing cumulative repurchases under the authorization to 209,000 shares for approximately 1.70 billion yen as of January 31, 2026, following the cancellation of 692,411 treasury shares in November 2025; the transactions underscore T.RAD’s continued emphasis on capital efficiency and shareholder-focused financial management through active use of treasury stock.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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. has revised upward its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, citing stronger-than-expected performance at its Asian subsidiaries and improvements in its U.S. operations. Consolidated net sales are now projected to reach ¥160 billion, up 3.9% from the previous forecast, with operating income and profit attributable to owners of the parent raised by 23.9% and 35.9%, respectively, compared with the earlier outlook and more than double the prior year’s earnings per share. The company attributes the profit upgrade primarily to efficiency gains from transferring U.S. production to other sites and the successful pass-through of tariff-related costs to customers, alongside higher sales in Asia. On a non-consolidated basis, T.RAD expects slightly lower sales due to weaker orders, but it has raised its profit forecasts on the back of reduced depreciation and research expenses and higher dividend income and capital gains from selling investment securities, underscoring improved profitability and financial flexibility despite modest top-line pressure in the standalone business.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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. has released supplementary materials for its third-quarter fiscal 2026 results briefing, outlining performance to date and the company’s outlook for the full year. The release highlights the impact of customs duties on its operations and the progress of countermeasures, an updated forecast and analysis of consolidated profitability, and its environmental awareness and growth strategies. It also details investment plans to expand manufacturing bases and reiterates performance targets under the T.RAD-2025 medium-term plan, signaling continued focus on capacity expansion, cost management, and long-term growth, with implications for operational efficiency and the company’s competitive position in its markets.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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 reported a strong rebound in results for the nine months to December 31, 2025, with net sales up 3.7% year on year to ¥118.1 billion and operating income surging 168.2% to ¥8.3 billion. Ordinary income rose 124.0% to ¥9.2 billion, while profit attributable to owners of parent jumped nearly fivefold to ¥6.9 billion, driving earnings per share to ¥1,142.91 and lifting the equity ratio slightly to 50.3%. Reflecting this improved profitability, the company has maintained its planned sharp dividend increase for the current fiscal year to a forecast annual total of ¥320 per share, up from ¥240 in the prior year. T.RAD also revised its full‑year consolidated outlook, now projecting modestly higher full‑year sales of ¥160.0 billion but a much steeper rise in profits, with operating income expected to climb 49.0% and net income to more than double, underscoring a significant earnings recovery that could bolster shareholder returns and reinforce its competitive position in the sector.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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 has outlined its strategic stance and investor-focused messages, emphasizing that automotive electrification is a business opportunity rather than a threat, as batteries, motors, and inverters in electrified vehicles increase the number of heat-exchanger applications per vehicle and support volume growth. While acknowledging a medium- to long-term decline in internal combustion engine vehicles, the company expects continued demand for hybrids and plug-in hybrids and sees overall heat-exchanger demand as stable, with growth driven by electrification-related products, expanded orders from Japanese passenger-vehicle customers, and the rollout of multifunction radiators and a second production base in North America to help achieve its fiscal 2030 net sales target of ¥200 billion, all while maintaining a company-wide marginal profit ratio above 20% and stable profit margins.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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. has appointed attorney and certified public accountant Hisashi Fujii as a provisional Audit & Supervisory Board Member, effective January 5, 2026, by decision of the Tokyo District Court. The move was triggered by a vacancy in the number of outside Audit & Supervisory Board Members required under Japanese law following the death of outside member Yasutaka Oba, and ensures that T.RAD maintains compliance with statutory corporate governance requirements. Fujii, who has experience at Ernst & Young ShinNihon and currently works at Link Partners Law Firm, will serve in this provisional role until the company’s annual general meeting in June 2026, where T.RAD plans to formally propose him as an Outside Audit & Supervisory Board Member, signaling continuity and stability in its oversight framework for shareholders and other stakeholders.
The most recent analyst rating on (JP:7236) stock is a Hold with a Yen9018.00 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. has disclosed the latest progress of its ongoing share buyback program authorized by its board in September 2025 under the Companies Act, reporting that it repurchased 29,500 common shares for a total of ¥253.2 million during December 2025. Cumulatively, by December 31, 2025 the company has acquired 168,300 shares for approximately ¥1.35 billion out of a maximum authorization of 350,000 shares or ¥2.0 billion via market purchases on the Tokyo Stock Exchange, and also canceled 692,411 treasury shares in November 2025, indicating an active capital policy aimed at enhancing shareholder value and optimizing its share structure.
The most recent analyst rating on (JP:7236) stock is a Buy with a Yen9273.00 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. announced the acquisition of 65,700 shares of its common stock, amounting to a total cost of 574,542,000 yen, as part of a broader plan to repurchase up to 350,000 shares. This move is part of a strategic initiative to manage its capital structure and potentially enhance shareholder value, with the acquisition period extending until April 2026.
The most recent analyst rating on (JP:7236) stock is a Buy with a Yen10293.00 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. announced a correction to a previously disclosed notice regarding the passing and retirement of an Outside Audit & Supervisory Board Member. The correction involves the date of passing, which was initially reported incorrectly. This update reflects the company’s commitment to transparency and accuracy in its communications with stakeholders.
The most recent analyst rating on (JP:7236) stock is a Buy with a Yen9758.00 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. 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. 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. 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. 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. 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. 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. 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.