TOKYO RADIATOR MFG. CO., LTD.
7235・Standard Market・Transportation Equipment
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 5 members (including 2 outside directors), and all outside directors are independent officers. The company has established a Nomination and Compensation Advisory Committee (formerly the Governance Committee) to deliberate on nomination and compensation matters, chaired by an outside officer.
Risk Management
The Global Risk Management Committee meets on a regular basis to continuously manage company-wide risks. Climate change risks are identified and assessed through the ISO14001 process and the Sustainability Promotion Committee, and a framework has been established to prioritize the management of material risks using a risk map.
Shareholder Returns
Based on the new medium-term management plan "TRS Vision-2030," the company implements stable and continuous shareholder returns targeting a payout ratio of 40% or more. The annual dividend for FY2026 (ending March 2026) is ¥65.00 per share (interim ¥29.00 + year-end ¥36.00), with a payout ratio of 30.3%. For FY2027 (ending March 2027), ¥77.00 per share (interim ¥38.00 + year-end ¥39.00) is planned.
Dividend Policy
The basic policy is to continue stable dividends to shareholders while considering the enhancement of internal reserves in preparation for strengthening the corporate structure and future business development, and to aim for a payout ratio of 30% or more. Dividends are paid twice a year: an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved at the General Meeting of Shareholders). The annual dividend for FY2026 (ending March 2026) is ¥65.00 per share (interim ¥29.00, year-end ¥36.00), with a payout ratio of 30.3%. For FY2027 (ending March 2027), ¥77.00 per share (interim ¥38.00, year-end ¥39.00) is planned. Based on the new medium-term management plan "TRS Vision-2030" announced on May 14, 2026, the company is transitioning to a policy of implementing stable and continuous shareholder returns targeting a payout ratio of 40% or more.
ESG
As part of its climate change measures, the company has set targets of reducing CO₂ emissions by 50% by 2035 (versus 2018 levels) and achieving carbon neutrality by 2050, with the Environmental Management Committee and the Sustainability Promotion Committee driving these initiatives. In terms of human capital, the company discloses a ratio of female managers of 2.0%, an employment rate for persons with disabilities of 2.8%, and a paid leave utilization rate of 66.0% (FY2025 results), and is working on human resource development, ensuring diversity, and health-oriented management.
Last updated: June 23, 2026