TOKYO RADIATOR MFG. CO., LTD. Business Report FY2006
Business Highlights
Financial overview
| In million JPY | FY2006 | FY2005 | Rate of Change (%) | Factors |
| Sales | 27,486 | 23,853 | 15.2 | - |
| Operating income | 2,256 | 2,499 | (9.7) | |
| Income from ordinary business activities | 2,250 | 2,447 | (8.0) | |
| Current net profit | 2,348 | 1,332 | 76.3 | -The current net profit was realized due to a gain on the disposal of fixed assets |
| Manufacturing Business | ||||
| Sales | 26,394 | 22,773 | 15.9 | -Sales increased, thanks to expanded sales of heat exchangers including EGR coolers, radiators and intercoolers. |
| Operating income | 1,762 | 2,022 | (12.9) | -Cost reduction initiatives were not enough to cover a sharp rise in materials prices and other negative factors. |
R&D
R&D Expenses
-Total amount of R&D spending during FY2006 (ended Mar. 2007) was
118 million yen.
R&D Achievements
-Succeeded to make EGR air-conditioners and inter-air conditioners, which
play an important role in reducing exhaust emissions and have greater
functions, higher reliability and lower costs.
-Succeeded in mass-producing SCR tanks (urea tanks) for the first time
in the world.
| Company name | Contract signed on | Contract period |
| Exported Technology Contracts (as of March 2007) | ||
THAI RADIATOR MFG, CO., LTD. (Thailand) |
Manufacturing technology for radiators and fuel tanks |
May 1, 1982 - Apr. 30, 2007 |
PT.SELAMAT SEMPURNA |
Manufacturing technology for radiators and fuel tanks |
Apr. 11, 1979 - Apr. 10, 2007 |
| WUXI TRS HEAT EXCHANGER CO., LTD. | Manufacturing technology for EGR coolers and their components | June 1, 2005 - May 30, 2007 |
Investment Activities
In the manufacturing business the Company invested to install new production facilities for radiators and EGR coolers, as well as to renovate, renew and improve the productivity of existing facilities.
New facilities
| Company name | Location | Purpose | Planned investment - in million JPY- | Starting Month | Completing Month | Capacity increase on completion |
| Tokyo Radiator Manufacturing. Co., Ltd. | Kanagawa Pref. Japan | Installation and renewal of stamping dies | 510.4 | Apr., 2007 | Mar. ,2008 | - |
| Tokyo Radiator Manufacturing Co., Ltd. | Kanagawa Pref. Japan | Manufacturing facility for heat exchangers | 167.3 | Apr., 2007 | Mar. ,2008 | 1,000 units per month |
| Chongqing Tokyo Radiator Co., Ltd. | Chongqing, China | Manufacturing facility for heat exchangers | 285.2 | Jun., 2007 | Dec. ,2007 | 8,000 units per month |