T.RAD Co., Ltd. (JP:7236)
:7236
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T.RAD Co., Ltd.
(7236)
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Rating:71Outperform
Price Target:
¥9,260.00
▲(10.90% Upside)
Action:ReiteratedDate:02/05/26
The score is driven primarily by improved financial performance (strong margin and ROE recovery with reasonable leverage) and attractive valuation (low P/E with ~3% dividend yield). Technicals are supportive but tempered by overbought signals that raise near-term pullback risk.
Positive Factors
Profitability recovery
Margin expansion and a restored ROE indicate the company has reestablished core earnings power after prior losses. Sustained operating margins and higher ROE support reinvestment, supplier/customer credibility and longer-term ability to absorb cyclical downturns when production normalizes.
Negative Factors
Earnings cyclicality
The business has shown material cyclicality tied to automotive production and model cycles, with prior years of losses. That structural exposure means profits and returns can reverse quickly if OEM demand softens or program timing shifts, raising execution risk across planning horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
Margin expansion and a restored ROE indicate the company has reestablished core earnings power after prior losses. Sustained operating margins and higher ROE support reinvestment, supplier/customer credibility and longer-term ability to absorb cyclical downturns when production normalizes.
Read all positive factors
T.RAD Co., Ltd. (7236) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥48.85B
Dividend Yield3.6%
Average Volume (3M)22.44K
Price to Earnings (P/E)4.3
Beta (1Y)1.39
Revenue Growth0.14%
EPS Growth882.91%
CountryJP
Employees4,365
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)472.96
Shares Outstanding5,900,000
10 Day Avg. Volume13,990
30 Day Avg. Volume22,436
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.49
Price to Sales (P/S)0.15
P/FCF Ratio9.44
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 mainly by manufacturing and selling automotive thermal-management products (e.g., radiators and other heat-exchanger related components) to customers in the automotive industry. Revenue is generated from (1) sales of these compon...
T.RAD Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 163.47B | 159.24B | 158.66B | 149.41B | 133.58B | 113.05B |
| Gross Profit | 23.22B | 19.64B | 14.90B | 11.86B | 15.10B | 10.84B |
| EBITDA | 18.96B | 12.64B | 10.98B | 4.74B | 11.98B | 6.83B |
| Net Income | 9.96B | 4.25B | 1.25B | -3.60B | 3.60B | -1.24B |
Balance Sheet | ||||||
| Total Assets | 97.07B | 97.49B | 103.09B | 94.10B | 93.76B | 86.80B |
| Cash, Cash Equivalents and Short-Term Investments | 14.34B | 16.93B | 20.63B | 10.71B | 13.75B | 14.89B |
| Total Debt | 18.94B | 21.51B | 24.91B | 22.45B | 19.18B | 18.89B |
| Total Liabilities | 48.23B | 48.74B | 57.80B | 50.24B | 47.02B | 43.58B |
| Stockholders Equity | 48.78B | 48.69B | 44.89B | 42.26B | 44.50B | 41.05B |
Cash Flow | ||||||
| Free Cash Flow | 6.21B | 2.52B | 9.76B | -2.47B | 1.45B | 1.65B |
| Operating Cash Flow | 12.36B | 7.56B | 16.97B | 4.38B | 7.26B | 7.47B |
| Investing Cash Flow | -6.12B | -6.47B | -7.08B | -6.70B | -5.84B | -5.84B |
| Financing Cash Flow | -8.31B | -6.95B | -616.00M | -1.06B | -3.39B | -588.00M |
T.RAD Co., Ltd. Technical Analysis
Neutral
8350.00
Price Trends
9451.00
Negative
8946.14
Negative
7466.60
Positive
Market Momentum
-393.52
Negative
44.65
Neutral
53.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7236, the sentiment is Neutral. The current price of 8350 is below the 20-day moving average (MA) of 8457.58, below the 50-day MA of 9451.00, and above the 200-day MA of 7466.60, indicating a neutral trend. The MACD of -393.52 indicates Negative momentum. The RSI at 44.65 is Neutral, neither overbought nor oversold. The STOCH value of 53.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥431.76B | 6.79 | 8.36% | 2.71% | 0.75% | 35.26% | |
78 Outperform | ¥13.53B | 7.18 | ― | 4.02% | 2.31% | 10.68% | |
71 Outperform | ¥48.85B | 4.34 | ― | 3.60% | 0.14% | 882.91% | |
67 Neutral | ¥5.40T | 10.20 | 6.98% | 2.98% | 2.41% | 11.03% | |
67 Neutral | ¥183.56B | 8.40 | ― | 1.03% | 3.62% | 3.64% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | ¥25.47B | -5.63 | ― | 3.33% | -3.91% | -36.53% |
* Consumer Cyclical Sector Average
JP:7236
T.RAD Co., Ltd.
8,380.00
5,684.20
210.85%
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JP:7235
Tokyo Radiator Manufacturing Co., Ltd.
1,434.00
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T.RAD Co., Ltd. Corporate Events
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...
T.RAD Updates Progress on Share Buyback and Treasury Stock Cancellation
Feb 2, 2026
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 t...
T.RAD Lifts Full-Year Earnings Outlook on Strong Asia Sales and U.S. Turnaround
Feb 2, 2026
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 ne...
T.RAD Details Q3 FY2026 Performance, Customs Duty Impact and Expansion Plans
Feb 2, 2026
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 op...
T.RAD Earnings Surge as Profit Outlook and Dividends Raised for FY2026
Feb 2, 2026
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 bill...
T.RAD Positions Electrification and Global Expansion as Growth Drivers Toward 2030
Jan 13, 2026
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 h...
T.RAD Names Provisional Audit & Supervisory Board Member After Governance Vacancy
Jan 13, 2026
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 n...
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.