Tokyo Radiator Manufacturing

Basic Information

Stock Code: 7235
Industry: Transportation Equipment
Category Detail: Auto Parts
Prefecture: Kanagawa Prefecture
Establishment Year: October 1938
Listing Year: October 1961
Official Website: http://www.tokyo-radiator.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Tigers Polymer, Nishi Boseki Electric Machinery, Riken NPR, TPR, Nittan, Denso, Tirado, Mikuni, Muro Corporation, Aisan Industry, Fujioze X, Ohashi Technica, IFIS

Overview

Tokyo Radiator Manufacturing is a long-established company in the transportation equipment industry founded in 1938, specializing in radiators and environmentally friendly EGR coolers as its main products, and is a specialist manufacturer providing advanced technological capabilities both in Japan and overseas.

Current Situation

Tokyo Radiator Manufacturing recorded consolidated sales of 23.7 billion yen and net assets of 23.2 billion yen for the fiscal year ended March 2023, maintaining a stable financial base. In addition to its mainstay products such as radiators and oil coolers, it is focusing on manufacturing EGR coolers compliant with environmental regulations and maintains strong business relationships with automakers in Japan and overseas. As a subsidiary of Calsonic Kansei (now Marelli), it is enhancing its competitiveness through technical assistance and capital support. In recent years, it has concentrated on developing technologies to reduce environmental impact and purify exhaust gases, offering a lineup of sustainable products. In 2024, it signed a main sponsor agreement with TEAM IMPUL in SUPER GT to boost brand value and market awareness. It is strengthening its global market responsiveness through collaboration with production bases and affiliates in Japan and overseas.

Trivia

Interesting Facts

Company that initiated mass production of the world's first single-row sinfin radiator
Long-established firm with over 70 years of automotive heat exchanger manufacturing experience
Technical partnership with Calsonic Kansei (now Marelli) as a key strength
Highly evaluated in the industry for EGR cooler environmental performance
Appointed as main sponsor for TEAM IMPUL in SUPER GT in 2024
Experience in technical assistance to Indonesia and Taiwan
Traditional manufacturing company headquartered in Fujisawa City, Kanagawa Prefecture
President is Hisao Ochiai (based on public information)
Positioned as a mid-sized parts manufacturer with capital of approximately 1.3 billion yen
Maintains long-term transactions with many major domestic automakers
Multiple personnel changes reported in Nikkei and Yahoo! News
Owns affiliates like Toshin Techno, expanding as a group
Strength in transportation equipment division, particularly engine parts and auxiliaries
Actively launching environmentally friendly product lineup
Sustains stable management as a listed company for over 50 years

Hidden Connections

Strong capital and technical collaboration as a subsidiary of Calsonic Kansei (Marelli).
Main supplies to Isuzu Motors and Marelli, deeply rooted in the automotive industry.
Strengthens brand within automotive industry through main sponsor activities in SUPER GT.
Promotes overseas expansion via technical assistance to heat exchanger companies in Taiwan and Indonesia.
Realizes diversified heat exchange technology deployment through group companies like Toshin Techno.
Addresses tightening emissions regulations with environmentally compatible products, linking to policy aspects.
Holds a specialized position in Japan's heat exchanger industry as a mid-tier player with proprietary technologies.
Concentrates manufacturing bases in Fujisawa City, Kanagawa Prefecture, closely collaborating with local industries.

Future Outlook

Growth Drivers

Expansion of EGR cooler demand due to strengthening domestic and international environmental regulations
Response to advancing automotive thermal management technologies
Technology sharing and synergy creation within Marelli Group
Enhanced recognition through motorsports branding activities
Stable growth in aftermarket demand
Expansion of cooling product market for industrial machinery
Aggressive product supply to emerging markets
R&D for thermal management products for electrified vehicles
Increased awareness of sustainability-compliant product lineup
Improved competitiveness through digitalization of manufacturing processes
Strengthening of technical development talent and technology succession
Optimization of global supply chain

Strategic Goals

Achieve over 70% sales ratio for environmentally compatible products
Strengthen business bases domestically and internationally and develop new markets
Production innovation toward carbon neutrality
Accelerate cross-group technology development and secure patents
Continued reinforcement of sports marketing such as SUPER GT
Double sales in aftermarket parts business
Expand market launch of products for automotive electrification
Establish sustainable materials and manufacturing methods
30% production efficiency improvement plan through DX
Deepen CSR practices for coexistence with local communities

Business Segments

Parts Supply to Automakers

Overview

Supplies high-quality heat exchange parts to major automakers.

Competitiveness

Long-cultivated heat exchange technology and global manufacturing network

Customers

Isuzu Motors
Marelli
Calsonic Kansei
Toyota Motor
Nissan Motor
Honda
Suzuki

Products

Radiators
Oil Coolers
EGR Coolers
Cooling Condensers
Intercoolers

Parts Provision for Aftermarket

Overview

Stable supply of genuine repair parts for vehicle maintenance.

Competitiveness

Comprehensive lineup of genuine-quality repair parts

Customers

Auto Repair Shops
Car Accessory Specialty Stores
Dealer Service Departments
Auto Parts Traders

Products

Repair Radiators
Oil Coolers
Cooling Fans
Accessory Parts

Cooling Equipment for Industrial Machinery

Overview

Development and supply of high-durability cooling products for industrial machinery.

Competitiveness

Environmentally adapted durable designs and customization capabilities

Customers

Construction Machinery Manufacturers
Agricultural Machinery Manufacturers
Power Generation Equipment Manufacturers

Products

Heavy-Duty Coolers
Industrial Cooling Fans
Thermal Management Systems

Components for Transportation Equipment

Overview

Strengthening provision of large heat exchangers for transportation equipment.

Competitiveness

Large parts manufacturing technology and high reliability

Customers

Bus Manufacturers
Truck Manufacturers
Railway Vehicle Manufacturers

Products

Large Radiators
Heat Exchangers
Oil Coolers

Environmentally Compatible Technology Provision

Overview

Provision of heat exchange technologies compliant with environmental regulations and joint development.

Competitiveness

Superior technological capabilities in environmental technologies

Customers

Diesel Engine Manufacturers
Emissions Regulation Compliant Manufacturers

Products

EGR Coolers
Heat Exchangers for Exhaust Gas Purification

Cooling Devices for Car Air Conditioners

Overview

Provision of high-efficiency cooling devices for vehicle air conditioners.

Competitiveness

Proprietary designs excelling in heat exchange efficiency

Customers

Car Air Conditioner Manufacturers
Automakers

Products

Cooling Condensers
Cooling Fans

Thermal Management System Development Support

Overview

Provides technical support services for thermal management optimization.

Competitiveness

High-precision technical support backed by extensive track record and expertise

Customers

Automakers
Industrial Machinery Manufacturers
Research Institutions

Products

Thermal Management Consulting
System Design Support

Competitive Advantage

Strengths

Advanced heat exchange technology
Long industry experience and trust
Support from Calsonic Kansei (Marelli) Group
Focus on environmentally friendly product development
Stable financial base
Domestic and international production and sales network
Capability to meet diverse vehicle needs
High-durability and quality control systems
Deployment of sustainable product lineup
Comprehensive after-service system
Enhanced R&D through technical partnerships
Rapid response to environmental regulations
Proprietary EGR cooler technology
Expansion into industrial machinery beyond automotive
Global sales strategy

Competitive Advantages

Scale advantages from being under Calsonic Kansei
Pioneer in diesel emissions regulation compliant products
Long-term transactions with major domestic and international automakers
Competitive edge through high-precision heat exchange design technology
Responds to diverse market needs with broad product lineup
Brand value enhancement through high quality assurance and reliability
Market expansion via products adapted to environmental issues
Stable customer base with comprehensive aftermarket support
Technological superiority in industrial machinery products
Aggressive overseas expansion and technology transfer
Differentiation through proprietary exhaust gas purification technology
Rapid development response for customized products
Synergy effects from collaboration with affiliates
Robust logistics network for long-distance transport
Initiatives toward adopting sustainable materials

Threats

Shift in cooling parts demand due to electrification of automotive market
Risk of market share erosion from technological innovations by overseas competitors
Rising raw material prices and unstable procurement
Increased compliance costs from further tightening of environmental regulations
Decline in automotive demand due to global economic fluctuations
Fluctuations in product price competitiveness due to exchange rate changes
Immature cooling technologies for new energy vehicles
Risks of supply chain delays and disruptions
Potential decline in R&D capabilities due to shortage of engineers
Increased production costs from stringent quality regulations
Emergence of alternative materials and new cooling technologies
Impact on overseas factories and sales channels from geopolitical risks

Innovations

2024: Signed Main Sponsor Contract with TEAM IMPUL for SUPER GT

Overview: Enhancing brand recognition through support for motorsports participation.
Impact: Contributes to strengthening corporate image and market expansion

2023: Development of High Corrosion-Resistant EGR Cooler Technology

Overview: Development of environmentally friendly products balancing exhaust gas purification performance and corrosion resistance.
Impact: Strengthens competitiveness in emissions regulation markets

2022: Introduction of Mass-Production Sinfin Radiator Technology

Overview: Adopts proprietary fin structure contributing to improved heat exchange efficiency.
Impact: Contributes to fuel efficiency improvement and weight reduction

2021: Introduction of IoT-Based Thermal Management Optimization System

Overview: Promotion of digitalization for quality control and efficiency in production lines.
Impact: 20% improvement in production efficiency

2020: Initiation of Active Adoption of Environmentally Considerate Materials

Overview: Promotion of product development using recycled materials extensively.
Impact: Reduction in environmental impact and enhancement of corporate image

Sustainability

Development of EGR coolers compliant with emissions regulations
Setting CO2 reduction targets for manufacturing processes
Improving waste recycling rate
Active use of environmentally friendly materials
Implementation of employee environmental education programs
Switch to energy-saving equipment
Strengthening environmental audits of supply chain
Participation in local environmental conservation activities
Advancement of research on cooling technologies for electric vehicles
Establishment of sustainable resource procurement standards
Operation of environmental management system
Initiatives toward recyclable designs