Tokyo Radiator Mfg. Co., Ltd.
Company Profile
■URL
http://www.tokyo-radiator.co.jp/entop/
■Address
Business Overview
-A heat exchanger manufacturer
-Mainly produces radiators and EGR coolers for trucks.
-The parent company of Tokyo Radiator was Marelli Holdings starting in 2017. However, from February 2023 it no longer remained the parent company. As of the end of March 2023, Marelli held only 21.9% of the Company’s stock shares.
Business Highlights
-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 31,785 million
Operating income: JPY 823 million
Ordinary income: JPY 849 million
Current net loss attributable to the parent-company’s shareholders: JPY 718 million.
Shareholders
| -Listed on the Standard Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2023) |
| Company name | Investment Ratio (%) |
| Marelli Corporation (Formerly Calsonic Kansei Corporation) | 21.87 |
| Isuzu Motor Ltd. |
7.19 |
| Yamazaki Kinzoku Sangyo | 5.59 |
| Sato Shoji Co., Ltd. | 5.34 |
| INTERACTIVE BROKERS LLC | 3.40 |
| Mizuho Bank, Ltd. | 3.20 |
| Nisshin Fire & Marine Insurance Co.,Ltd. | 3.20 |
| Tokyo Radiator Mfg. Business Partner Shareholding Association | 2.11 |
| AVI JAPAN OPPORTUNITY TRUST PLC | 1.94 |
| The Master Trust Bank of Japan, Ltd. | 1.91 |
| Total | 55.74 |
Products
Heat exchangers
-Radiators
-EGR coolers
-Oil coolers
-Inter coolers
-Cooling modules for trucks
Body parts
-Oil pans
-Fuel tanks
-SCR - Selective Catalytic Reduction tanks
-Sub tanks
History
| Oct. 1938 | Established as Tokyo Radiator Manufacturing Co., Ltd.in Shiba-ku, Tokyo. |
| Nov. 1938 | Acquired Nishimura Radiator Seisakusho and Nihon Bankin Kogyo. |
| Sep. 1946 | Head office moved to Kawasaki City. |
| Oct. 1961 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Dec. 1991 | Launched real estate leasing business. "Talkpia Kawasaki" completed. |
| Sep. 1995 | Established TorkPia Service Co., Ltd. (currently a consolidated subsidiary). |
| Dec. 1995 | Entered into a technology assistance agreement with Calsonic for the development and production of aluminum radiators. |
| Jul. 1999 | Established a subsidiary, Chongqing Tokyo Radiator Co., Ltd. in Chongqing city, China. |
| Sep. 1999 | Closed the Kanuma Plant and concentrated its production facilities in the Fujisawa Plant |
| Jul. 2000 | Moved the headquarters to a new address at 2002-1, Endo, Fujisawa-city, Kanagawa |
| Apr. 2004 | Established a local consolidated subsidiary Wuxi TRS Heat Exchanger Co., Ltd. in Wuxi, China. |
| May, 2004 | Calsonic Kansei Corporation became the Company's parent company. |
| Jan. 2005 | Nissan became the Company's parent company, following Calsonic Kansei's issuing new share capital to Nissan. |
| Apr. 2012 | Established PT. Tokyo Radiator Selemat Sempurna in Banten, Indonesia. |
| 2012 | Launched operations in the passenger car EGR cooler business. |
| Jun. 2013 | Converted TR Asia Co., Ltd., formerly an affiliated company under the equity method, into a consolidated subsidiary. |
| Mar. 2017 | CK Holdings Co., Ltd. became the Company’s parent company as a result of acquiring Calsonic Kansei’s common shares in a public tender. In line with this stock acquisition, Nissan Motor Corporation ceased to be the Company’s parent company. |
| Mar. 2022 | Its parent company, Marelli Holdings Co., Ltd. (Marelli), has applied for an alternative dispute resolution (ADR) proceeding, a type of voluntary liquidation for out-of-court settlements. |
| Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange from the Second Section due to the TSE's reorganization. |
| Feb. 2023 | Due to the Company’s buying back its own stock shares, Marelli Holdings, Inc. and Marelli Corporation are no longer parent companies of the Company. |
Supplemental Information 1
>>>FY ended Mar. 31, 2008 Business report
>>>FY ended Mar. 31, 2009 Business report
>>>FY ended Mar. 31, 2010 Business report
>>>FY ended Mar. 31, 2011 Business report
>>>FY ended Mar. 31, 2012 Business report
>>>FY ended Mar. 31, 2013 Business report
>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
Archives of Past Exhibits
>>>Tokyo Radiator Mfg. Investor Relations
Supplemental Information 2
Technology Licensing-out Agreement |
(As of Mar. 31, 2023) |
| Company name | Contract signed on | Contract period |
| Thai Radiator Mfg. Co., Ltd. (Thailand) |
Manufacturing technology for radiators and fuel tanks | May 1, 1982 - Apr. 30, 2024 |
| PT. Selamat Sempurna (Indonesia) |
Manufacturing technology for radiators and fuel tanks | Apr. 11, 1979 - Apr. 10, 2024 |