T.RAD Co., Ltd.

Company Profile

■URL

https://www.trad.co.jp/index.php/topic/home_en

■Address

3-25-3, Yoyogi, Shibuya-ku, Tokyo, 151-0053 Japan

Business Overview

-The Company is a heat-exchange supplier, delivering products for automobiles, construction and industrial equipment, and for climate-control systems. Its major products are radiators, oil-coolers, and EGR coolers.

-Sales breakdown by business sector: Automotive (78.4%) and Construction/Industrial Equipment (18.6%).

-Toyota group at 8.9% of product deliveries as of the fiscal year that ended in March 2024.

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange

(As of Mar. 31, 2024)

Name or Company Name	Investment ratio (%)
Jinyaconnect Co., Ltd.	25.43
The Master Trust Bank of Japan, Ltd. (Trust Account)	8.52
Mizuho Bank, Ltd.	4.94
Customer shareholding commission	4.62
Yamakin Japan Co., Ltd.	3.50
Custody Bank of Japan, Ltd. (Trust Account)	2.21
T.RAD Stock Investment Association	1.65
JP Morgan Securities Japan Co., Ltd.	1.63
Nippon Life Insurance Company	1.60
INTERACTIVE BROKERS LLC	1.30
Total	55.43

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Products

Heat exchangers for automobiles
-Radiators
-Water-cooled charge air coolers
-Engine oil coolers
-Heater cores
‐LLC chillers
-ATF/CVTF warmers & coolers
-EGR coolers
-Heat exchangers with waste heat recovery device
-Fuel coolers
-Radiators for auxiliary system
-Heat exchangers for motors
-Heat exchangers for inverters
-Heat exchangers for lithium ion batteries

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History

Nov. 1936	Toyo Radiator Manufacturing Co., Ltd. was established with capital of 500 thousand yen to manufacture and sell radiators for automobiles and other internal combustion engines, oil coolers, etc.
Jan. 1937	Started operations at the Kawasaki Plant.
Aug. 1940	Started operations at the Nagoya Plant.
May 1944	Company name was changed to Toyo Reikyakuki Co., Ltd.
Aug. 1951	Company name was changed to Toyo Radiator Co., Ltd.
Nov. 1959	Changed the names of the Kawasaki Plant and Nagoya Plant to Kawasaki Works and Nagoya Works, respectively.
Apr. 1960	Started operations at the Hatano Plant. Opened an R&D facility.
Oct. 1961	Listed on the second section of the Tokyo Stock Exchange.
Jun. 1962	Changed the name of the Hatano Plant to Hatano Works.
Jun. 1965	Headquarters was moved from Chuo-ku, Tokyo to Shinjuku-ku, Tokyo.
Apr. 1969	Started operations at the Yokaichi plant.
Aug. 1969	Listed on the first section of the Tokyo Stock Exchange.
Jul. 1987	Headquarters was moved from Shinjuku-ku, Tokyo to Shibuya-ku, Tokyo.
Jan. 1988	Established Toyo USA Inc.
Jan. 1990	Took a stake in CoPAR Inc. (currently T.RAD North America. Inc.)
Jun. 1990	Established Torc Co., Ltd.
Feb. 1994	Headquarters was moved to its current location.
Dec. 1995	Established Qingdao Toyo Radiator inc.
Mar. 1996	Toyo USA Inc. merged with CoPAR Inc.
Aug. 1997	Tata Toyo Radiator Ltd. was established.
Jul. 1999	Rising Sun Heat Exchanger Industry Co., Ltd. was established.
Sep. 1999	Toyo Radiator (Thailand) Co., Ltd. was established as a consolidated subsidiary. (Currently called T.RAD (Thailand) Co., Ltd.)
Oct. 2000	Established Behr Toyo Engine Cooling Systems Co., Ltd.
Nov. 2001	Established Tesio Radiatori S.p.a. (Currently called T.RAD Italia S.p.A)
Apr. 2002	Established a subsidiary, Toyo Radiator (Zhongshang) Co., Ltd.
Jul. 2004	Established Toyo Radiator Czech s.r.o. (Currently called T.RAD Czech s.r.o.)
Apr. 2005	Adopted a new corporate name, T.RAD Co., Ltd.
Apr. 2005	Established Qingdao Toyo Radiator Co., Ltd.
May 2008	Established PT. T.RAD Indonesia.
Jun. 2008	Established TRM Corporation B.V.
Jan. 2009	Took a stake in TRM LLC.
Aug. 2010	Established T.RAD (Jining) Co., Ltd.
Mar. 2012	Established T.RAD (Changshu) Co., Ltd.
Oct. 2012	Established T.RAD (Vietnam) Co., Ltd.
Sep. 2013	Sold T.RAD Italia S.p.A.
Apr. 2016	T.RAD North America, Inc. acquired stock in Tripac International Inc.
Mar. 2017	Established T.RAD (Changshu) R&D Center Co., Ltd.
Jun. 2017	Established T.Rad Sales Europe GmbH.
Oct. 2017	Turned Qingdao Toyo Heat Exchanger Co., Ltd. into a consolidated subsidiary.
Apr. 2018	Established T-Rad Connect Co., Ltd., a joint-venture company.
Apr. 2020	Merged Asnny Inc. and Towa Kosan into T-Rad Co., Ltd.
Jun. 2020	Liquidated T.RAD(Changshu) Co., Ltd.
Oct. 2020	Turned T-Rad Connect Co., Ltd. into a subsidiary.
Apr. 2022	Moved from the First Section of the Tokyo Stock Exchange to the Prime Market.
Nov. 2022	TRM Corporation B.V. and its subsidiary TRM LLC were removed from the consolidated group due to the Company's ownership interest becoming non-voting.
Mar. 2023	Jinya Connect, Inc. became another affiliated company because the Company acquired 20% or more of its stock shares.
Dec. 2023	Due to the Company’s selling its shares in TORC Co., it is now no longer a consolidated group company.