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T.RAD Co., Ltd. logo

T.RAD Co., Ltd.

7236.T

JPXConsumer CyclicalAuto - Parts

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Latest quote

¥1,557

−¥3.00 · -0.19%

Aug 24, 1:21 PM JST

7236.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Based in Tokyo, Japan, T.RAD Co., Ltd. operates globally, specializing in the design, production, and sale of heat exchange systems. These critical components serve a broad array of sectors, including automotive, heavy construction and industrial machinery, air conditioning units, and distributed power generation. The company's comprehensive product lineup features radiators, oil coolers, EGR coolers, charge air coolers, and fin coils, tailored for passenger vehicles, motorcycles, off-highway equipment, fuel cell technologies, and various heating and cooling applications. Beyond its core heat exchanger business, T.RAD also conducts research, development, manufacturing, and commercialization of environmentally-focused equipment, alongside producing components for automobiles and other machinery. Established in 1936, the firm was originally known as Toyo Radiator Co., Ltd. until its rebranding to T.RAD Co., Ltd. in April 2005.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
JP
CEO
Tomio Miyazaki
Listed since
Jan 1, 2001
Employees
4,087

Market position

Day range

Current ¥1,557

52-week range

Current ¥1,557

Open
¥1,559
Previous close
¥1,560
Volume
165.1K
0.38× average
Average volume
438.58K
Average daily volume
Market cap
88.14B JPY
Beta
2.3
Market reference 1
50-day average
¥1,496.5
+4.04% above average
200-day average
¥1,135.6
+37.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
51.39B JPY
P/E (TTM)
10.29×
P/B (TTM)
1.66×
P/S (TTM)
0.54×
EV / EBITDA
3.04×
Earnings yield
19.07%
Free cash flow yield
11.12%
Dividend yield
3.60%

Profitability & efficiency

Gross margin
14.97%
Operating margin
6.75%
Net margin
5.38%
Return on equity
16.54%
Return on assets
8.79%
Return on invested capital
10.06%

Financial health

Debt / equity
0.42×
Current ratio
2.23×
Altman Z-score
3.88
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%10%3%-4%Gross margin, FY2021: 11.31%Gross margin, FY2022: 7.93%Gross margin, FY2023: 9.39%Gross margin, FY2024: 12.33%Gross margin, FY2025: 15.02%Operating margin, FY2021: 3.77%Operating margin, FY2022: 0.70%Operating margin, FY2023: 2.74%Operating margin, FY2024: 4.60%Operating margin, FY2025: 6.93%Net margin, FY2021: 2.69%Net margin, FY2022: -2.41%Net margin, FY2023: 0.78%Net margin, FY2024: 2.67%Net margin, FY2025: 5.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.31%. Gross margin FY2022 7.93%. Gross margin FY2023 9.39%. Gross margin FY2024 12.33%. Gross margin FY2025 15.02%. Operating margin FY2021 3.77%. Operating margin FY2022 0.70%. Operating margin FY2023 2.74%. Operating margin FY2024 4.60%. Operating margin FY2025 6.93%. Net margin FY2021 2.69%. Net margin FY2022 -2.41%. Net margin FY2023 0.78%. Net margin FY2024 2.67%. Net margin FY2025 5.40%.

Income trends

Revenue

162.28B JPY+1.91%

Operating income

11.25B JPY+53.75%

Net income

8.77B JPY+106.24%
Income trends across reported periods178.87B JPY112.52B JPY46.17B JPY−20.18B JPYRevenue, FY2021: 133.58B JPYRevenue, FY2022: 149.41B JPYRevenue, FY2023: 158.66B JPYRevenue, FY2024: 159.24B JPYRevenue, FY2025: 162.28B JPYOperating income, FY2021: 5.04B JPYOperating income, FY2022: 1.05B JPYOperating income, FY2023: 4.35B JPYOperating income, FY2024: 7.32B JPYOperating income, FY2025: 11.25B JPYNet income, FY2021: 3.6B JPYNet income, FY2022: −3.6B JPYNet income, FY2023: 1.25B JPYNet income, FY2024: 4.25B JPYNet income, FY2025: 8.77B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 133.58B JPY. Revenue FY2022 149.41B JPY. Revenue FY2023 158.66B JPY. Revenue FY2024 159.24B JPY. Revenue FY2025 162.28B JPY. Operating income FY2021 5.04B JPY. Operating income FY2022 1.05B JPY. Operating income FY2023 4.35B JPY. Operating income FY2024 7.32B JPY. Operating income FY2025 11.25B JPY. Net income FY2021 3.6B JPY. Net income FY2022 −3.6B JPY. Net income FY2023 1.25B JPY. Net income FY2024 4.25B JPY. Net income FY2025 8.77B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue162.28B JPY159.24B JPY158.66B JPY149.41B JPY133.58B JPY
Cost of goods sold137.91B JPY139.6B JPY143.76B JPY137.56B JPY118.48B JPY
Gross profit24.37B JPY19.64B JPY14.9B JPY11.86B JPY15.1B JPY
Research and development2.99B JPY1.69B JPY2.94B JPY2.77B JPY2.66B JPY
Selling, general, and administrative2.74B JPY9.67B JPY8.46B JPY8.64B JPY8.29B JPY
Operating expenses13.12B JPY12.81B JPY10.55B JPY10.8B JPY10.05B JPY
Interest income275M JPY307M JPY248M JPY165M JPY156M JPY
Interest expense247M JPY407M JPY642M JPY363M JPY235M JPY
Depreciation and amortization5.65B JPY5.66B JPY6.22B JPY6.35B JPY5.85B JPY
Operating income11.25B JPY7.32B JPY4.35B JPY1.05B JPY5.04B JPY
Net income8.77B JPY4.25B JPY1.25B JPY−3.6B JPY3.6B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
37.76

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates51.1335.419.673.94Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 5, 2024: actual 4.64, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 3, 2025: actual 6.65, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 47.69, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 4, 2025: actual 34.21, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 32.78, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 2, 2026: actual 47.3, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 33.46, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual 37.76, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates47.21B42.47B37.73B32.98BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 5, 2024: actual 40.71B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 3, 2025: actual 34.8B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 45.39B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 4, 2025: actual 39.12B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 38.39B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 2, 2026: actual 40.59B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 44.18B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual 39.73B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥31.00

2025 complete year+244.4% since 2019

2026 partial: ¥40.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥41.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥41.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥400

Semi-Annual

Record Mar 31, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Sep 29, 2025

¥160

Semi-Annual

Record Sep 30, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Mar 28, 2025

¥150

Semi-Annual

Record Mar 31, 2025 · Payment Jun 26, 2025

Dividend

Ex-dividend Sep 27, 2024

¥90.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 1, 2024

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ETFs holding 7236.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
140.56M
Weight
0.00%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.1+0.02%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
2.87M
Weight
0.01%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%
iShares International Small-Cap Equity Factor ETF logoiShares International Small-Cap Equity Factor ETFISCF
Market value
1.44M
Weight
0.21%
AUM
684.58M USD
Expense ratio
0.24%
Price / 1D
$46.03+0.81%
WisdomTree Japan SmallCap Dividend Fund logoWisdomTree Japan SmallCap Dividend FundDFJ
Market value
557.37K
Weight
0.14%
AUM
388.69M USD
Expense ratio
0.58%
Price / 1D
$113.06+0.82%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
389.19K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
377.63K
Weight
0.01%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
375.7K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
267.81K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%

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