TOKYO RADIATOR MFG. CO., LTD.

7235・Standard Market・Transportation Equipment

Official website

TOKYO RADIATOR MFG. CO., LTD.

7235・Standard Market・Transportation Equipment

Official website

TOKYO RADIATOR MFG. CO., LTD.7235

Reference Indicators

Market Cap

160¥100M

P/E (Forecast)

8.1x

P/B

0.6x

Dividend Yield (Forecast)

5.02%

ROE

8.9%

EV/EBITDA

2.1x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	26,988	31,785	33,401	34,060	35,382
Cost of Sales	24,441	28,033	28,887	29,368	30,016
Gross Profit	2,547	3,752	4,513	4,692	5,365
SG&A Expenses	2,640	2,929	3,115	2,977	3,007
Operating Income	-92	823	1,397	1,714	2,358
Non-operating Income	210	247	229	226	207
Non-operating Expenses	21	221	78	20	24
Ordinary Income	95	849	1,548	1,920	2,541
Extraordinary Income	4	0	357	1	0
Extraordinary Losses	49	950	162	169	139
Pre-tax Income	51	-100	1,743	1,752	2,403
Income Taxes	760	485	-68	299	282
Net Income	-801	-718	1,681	1,422	2,038
EBITDA	1,040	2,115	2,834	3,116	3,584
Gross Margin	9.4%	11.8%	13.5%	13.8%	15.2%
Operating Margin	-0.3%	2.6%	4.2%	5.0%	6.7%
ROA	-2.5%	-2.5%	5.3%	4.3%	6.1%
ROE	-3.7%	-3.7%	9.0%	6.8%	8.9%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
日本	29,038	1,680	5.8%
中国	3,422	459	13.4%
アジア	2,922	182	6.2%