Tokyo Radiator Mfg. Co., Ltd.

Company Profile

■URL

http://www.tokyo-radiator.co.jp/entop/

■Address

2002-1, Endo, Fujisawa City, Kanagawa Pref., 252-0816 Japan

Business Overview

-A manufacturer of heat exchangers owned by Calsonic Kansei, a Nissan-affiliated parts manufacturer.

-Mainly produces radiators and EGR coolers for trucks.

-In 2012, the Company launched operations in the EGR cooler business for gasoline-engines mounted on passenger cars.

Business Highlights

-In FY ended March 2016, the Company generated JPY 31,482 million (a 2.3% increase year-over-year (y/y)) in sales, operating profit of JPY 1,970 million (a 5.2% increase y/y), and ordinary profit of JPY 1,967 million (a 6.5% decrease y/y) on a consolidated basis. Net income attributable to owners of parent company was JPY 1,388 million (a 3.2% increase y/y).

Shareholders

-Listed on second section of Tokyo Stock Exchange. (As of Mar. 31, 2016)
Company name Investment Ratio (%)
Calsonic Kansei Corporation 40.06
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT 4.77
Isuzu Motor Ltd. 4.68
Yamazaki Kinzoku Sangyo 3.64
BNP PARIBAS SECURITIES SERVICES LUXEMBOURG/JASDEC/FIM/LUXEMBOURG FUNDS 3.54
Sato Shoji Co., Ltd. 3.47
State Street Bank and Trust Company 505224 2.77
Japan Securities Finance Co., Ltd. 2.28
Mizuho Bank, Ltd. 2.08
Nisshin Fire and Marine Insurance Co., Ltd. 2.08
Total 69.43

Products

Heat exchangers
-Radiators
-EGR coolers
-Oil coolers
-Inter coolers
-Cooling modules for trucks
-Fuel coolers

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.

Supplemental Information 1

Supplemental Information 2

Technology Licensing-out Agreement

(As of Mar. 31, 2016)
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, 2017
PT. Selamat Sempurna
(Indonesia)
Manufacturing technology for radiators and fuel tanks Apr. 11, 1979 -
Apr. 10, 2017