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Tokyo Radiator Manufacturing Co., Ltd. (7235) AI Stock Analysis

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JP:7235

Tokyo Radiator Manufacturing Co., Ltd.

(TSE/TYO:7235)

Select Model
Rating:79Outperform
Price Target:JPY 2,048.00â–²(14.48% Upside)
Action:reiterated
Date:11/14/26

The overall score of 79 is driven primarily by the company's excellent financial health, marked by a debt-free balance sheet and expanding profitability. The stock's attractive valuation, with a low P/E and high dividend yield, further supports the positive outlook. These strengths are partially offset by mixed technical signals, where a strong price trend is contradicted by weakening momentum and overbought indicators, suggesting potential short-term volatility.

Positive Factors
Revenue and profit recoverySteady revenue growth since 2021, combined with a strong rebound in net income through 2024–2026, indicates improved demand and operating execution. This recovery provides a stronger earnings base for the next several quarters, although consistency remains important.
Negative Factors
Volatile cash conversionCash generation has been positive in many years but remains uneven, with a negative operating cash flow year and later declines despite higher earnings. Such volatility can reflect working-capital swings or reinvestment needs, making earnings less dependable as immediately available cash.

Tokyo Radiator Manufacturing Co., Ltd. (7235) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%JP:7235+34.32%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 17.03B
Dividend Yield
4.36%
Average Volume (3M)
24.60K
Price to Earnings (P/E)
7.9
Beta (1Y)
1.14
Revenue Growth
7.10%
EPS Growth
13.31%
Country
Japan
Employees
816
Sector
General
Sector Strength
55
Industry
Auto - Parts

Tokyo Radiator Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

Tokyo Radiator Mfg.Co.,Ltd. manufactures and sells heat exchangers and body components in Japan, China, and rest of Asia. It offers cooling modules for trucks, as well as construction and industrial machineries; radiators and inter coolers; oil pan;...

How the Company Makes Money

Tokyo Radiator Manufacturing Co., Ltd. primarily makes money by manufacturing and selling thermal-management and related components to customers such as automotive and industrial equipment manufacturers, with revenue recognized from product shipments...

Tokyo Radiator Manufacturing Co., Ltd. Financial Statement Overview

Summary

The company shows a strong financial profile with steady revenue growth (6.4% CAGR), significantly improved margins, and an exceptionally strong, debt-free balance sheet. Cash flow is positive but somewhat volatile. The overall financial health is robust, tempered slightly by past net losses and cash flow variability.

Income Statement

80Positive

Balance Sheet

95Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue35.91B35.38B34.06B33.40B31.79B26.99B
Gross Profit5.43B5.37B4.69B4.51B3.75B2.55B
EBITDA3.55B3.58B3.12B2.83B2.13B1.04B
Net Income1.94B2.04B1.42B1.68B-718.77M-801.05M
Balance Sheet
Total Assets33.56B33.44B32.92B31.63B29.17B31.64B
Cash, Cash Equivalents and Short-Term Investments9.35B8.54B8.41B7.09B6.91B8.27B
Total Debt224.18M268.82M286.29M324.36M182.33M207.61M
Total Liabilities6.94B7.34B8.97B9.73B10.02B8.29B
Stockholders Equity24.54B24.07B21.96B19.94B17.32B21.64B
Cash Flow
Free Cash Flow0770.14M1.44B275.59M2.49B-1.83B
Operating Cash Flow01.71B2.25B1.34B3.50B-180.84M
Investing Cash Flow0-2.04B-599.38M-1.26B-908.80M-991.40M
Financing Cash Flow0-737.32M-410.82M-311.45M-3.99B-622.34M

Tokyo Radiator Manufacturing Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price1789.00

Price Trends

50DMA1519.04Positive
100DMA1505.02Positive
200DMA1489.10Positive

Market Momentum

MACD16.85Negative
RSI80.20Negative
STOCH93.74Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7235, the sentiment is Positive. The current price of 1789.00 is above the 20-day moving average (MA) of 1507.30, above the 50-day MA of 1519.04, and above the 200-day MA of 1489.10, indicating a bullish trend. The MACD of 16.85 indicates Negative momentum. The RSI at 80.20 is Negative, neither overbought nor oversold. The STOCH value of 93.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7235.

Tokyo Radiator Manufacturing Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:7235 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7235JP:723579OutperformJPY 14.15B7.85―4.36%7.10%13.31%
JP:7282JP:728275OutperformJPY 633.31B10.5910.53%16.15%12.94%40.32%
JP:7236JP:723674OutperformJPY 82.15B8.87―5.80%5.92%28.41%
JP:6902JP:690271OutperformJPY 5.28T11.958.22%3.72%7.09%27.59%
JP:7259JP:725970OutperformJPY 1.61T10.837.07%3.30%5.65%-6.26%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:6444JP:644454NeutralJPY 19.35B3.9018.48%―12.18%―

* General Sector Average

Performance Comparison

0%25%50%75%JP:7235JP:7259JP:6902JP:6444JP:7282JP:7236Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:7235 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7235Tokyo Radiator Manufacturing Co., Ltd.1789.00419.0930.59%
JP:7259Aisin Seiki Co2270.50-387.64-14.58%
JP:6902DENSO CORPORATION1936.50-70.71-3.52%
JP:6444SANDEN HOLDINGS CORP171.0032.0023.02%
JP:7282Toyoda Gosei Co 1071.00335.7445.66%
JP:7236T.RAD Co., Ltd.1396.00534.7362.09%

Tokyo Radiator Manufacturing Co., Ltd. Corporate Events

Tokyo Radiator Reports FY2026 First-Half Sales and Profit Increases

Nov 12, 2026

Tokyo Radiator Mfg. Co., Ltd. reported first-half fiscal 2026 net sales of 19.131 billion yen, operating profit of 1.622 billion yen and profit attributable to owners of the parent of 1.188 billion yen for the period from April 1 through September 30...

Tokyo Radiator Revises Earnings Forecast, Raises Dividends

Nov 12, 2026

The release discusses Tokyo Radiator Manufacturing Co., Ltd. in connection with automobile, including truck, and construction machinery markets in Japan and Asia; it does not specify the company’s primary products or services.Based on first-half perf...

Tokyo Radiator Reports Six-Month Sales and Profit Increases

Nov 12, 2026

Tokyo Radiator Mfg. Co., Ltd., listed on the Tokyo Stock Exchange, reported consolidated net sales of ¥19,131 million for the six months ended September 30, 2026, up 10.2% year on year. Operating profit rose 29.4% to ¥1,622 million, ordinary profit i...

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.

Date of analysis: Nov 14, 2026