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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.
Latest quote
¥1,445
+¥1.00 · +0.07%
Regular session · JST · Market data may be delayed.
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.
Day range
Current ¥1,445
52-week range
Current ¥1,445
Regular session · JST · Market data may be delayed.
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.
Day range
Current ¥1,445
52-week range
Current ¥1,445
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (JPY) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 162.28B JPY | 159.24B JPY | 158.66B JPY | 149.41B JPY | 133.58B JPY |
| Cost of goods sold | 137.91B JPY | 139.6B JPY | 143.76B JPY | 137.56B JPY | 118.48B JPY |
| Gross profit | 24.37B JPY | 19.64B JPY | 14.9B JPY | 11.86B JPY | 15.1B JPY |
| Research and development | 2.99B JPY | 1.69B JPY | 2.94B JPY | 2.77B JPY | 2.66B JPY |
| Selling, general, and administrative | 2.74B JPY | 9.67B JPY | 8.46B JPY | 8.64B JPY | 8.29B JPY |
| Operating expenses | 13.12B JPY | 12.81B JPY | 10.55B JPY | 10.8B JPY | 10.05B JPY |
| Interest income | 275M JPY | 307M JPY | 248M JPY | 165M JPY | 156M JPY |
| Interest expense | 247M JPY | 407M JPY | 642M JPY | 363M JPY | 235M JPY |
| Depreciation and amortization | 5.65B JPY | 5.66B JPY | 6.22B JPY | 6.35B JPY | 5.85B JPY |
| Operating income | 11.25B JPY | 7.32B JPY | 4.35B JPY | 1.05B JPY | 5.04B JPY |
| Net income | 8.77B JPY | 4.25B JPY | 1.25B JPY | −3.6B JPY | 3.6B JPY |
Company facts updated Sep 14, 2026.
Recent quarterly results
Recent quarterly results
Cash distributions grouped by calendar year; partial years are marked.
¥31.00
2025 complete year+244.4% since 2019
2026 partial: ¥40.00
¥9.00
2,019
¥20.00
2,022
¥71.748
2,023
¥19.00
2,024
¥31.00
2,025
¥40.00
2,026*
* Partial calendar year in the available dividend history.
| Action | Ex-dividend date | Details | Record date | Payment date |
|---|---|---|---|---|
DividendUpcoming | Sep 29, 2026 | ¥41.00Semi-Annual | Sep 30, 2026 | Sep 29, 2026 |
DividendUpcoming | Mar 30, 2027 | ¥41.00Semi-Annual | Mar 31, 2027 | Mar 30, 2027 |
Dividend | Mar 30, 2026 | ¥400Semi-Annual | Mar 31, 2026 | Jun 30, 2026 |
Dividend | Sep 29, 2025 | ¥160Semi-Annual | Sep 30, 2025 | Nov 28, 2025 |
Dividend | Mar 28, 2025 | ¥150Semi-Annual | Mar 31, 2025 | Jun 26, 2025 |
Dividend | Sep 27, 2024 | ¥90.00Semi-Annual | Sep 30, 2024 | Dec 1, 2024 |
Ex-dividend Sep 29, 2026
¥41.00
Semi-Annual
Record Sep 30, 2026 · Payment Sep 29, 2026
Ex-dividend Mar 30, 2027
¥41.00
Semi-Annual
Record Mar 31, 2027 · Payment Mar 30, 2027
Ex-dividend Mar 30, 2026
¥400
Semi-Annual
Record Mar 31, 2026 · Payment Jun 30, 2026
Ex-dividend Sep 29, 2025
¥160
Semi-Annual
Record Sep 30, 2025 · Payment Nov 28, 2025
Ex-dividend Mar 28, 2025
¥150
Semi-Annual
Record Mar 31, 2025 · Payment Jun 26, 2025
Ex-dividend Sep 27, 2024
¥90.00
Semi-Annual
Record Sep 30, 2024 · Payment Dec 1, 2024
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core TOPIX ETF1475.T132.7M0.00%2.9T JPY0.05%¥416.9+0.82%
Avantis International Small Cap Value ETFAVDV2.94M0.01%20.6B USD0.36%$111.61+0.72%
iShares International Small-Cap Equity Factor ETFISCF1.41M0.21%675.34M USD0.24%$45.39+0.78%
WisdomTree Japan SmallCap Dividend FundDFJ598.41K0.13%448M USD0.58%$116.19+2.10%
Dimensional - International Small Cap ETFDFIS469.5K0.01%5.85B USD0.39%$37.12+0.68%
Dimensional - International Core Equity 2 ETFDFIC412.82K0.00%15.36B USD0.22%$38.925+0.82%
Dimensional - International Core Equity Market ETFDFAI368.42K0.00%18.14B USD0.18%$42.77+0.92%
Dimensional World ex U.S. Core Equity 2 ETFDFAX287.18K0.00%12.61B USD0.28%$38.06+0.95%iShares Core TOPIX ETF1475.TAvantis International Small Cap Value ETFAVDViShares International Small-Cap Equity Factor ETFISCFWisdomTree Japan SmallCap Dividend FundDFJDimensional - International Small Cap ETFDFISDimensional - International Core Equity 2 ETFDFICDimensional - International Core Equity Market ETFDFAIDimensional World ex U.S. Core Equity 2 ETFDFAXAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
