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 heat exchanger manufacturer under the umbrella of Marelli Corporation (Formerly Calsonic Kansei Corporation).

-Mainly produces radiators and EGR coolers for trucks.
 

Business Highlights

-The Company’s financial results for the fiscal year that ended in March 2020 are as follows.
Consolidated sales: JPY 28.8 billion (4.3% decrease year-over-year)
Operating income: JPY 716 million (50.2% decrease year-over-year)
Ordinary income: JPY 863 million (45.9% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 90 million (91.9% decrease year-over-year). Sales significantly decreased for the year because of tax increases, typhoons, and the coronavirus.

Shareholders

-Listed on second section of Tokyo Stock Exchange. (As of Mar. 31, 2020)
Company name Investment Ratio (%)
Marelli Corporation (Formerly Calsonic Kansei Corporation) 40.10
MSIP CLIENT SECURITIES 4.97
Isuzu Motor Ltd. 4.69
The Tachibana Securities Co., Ltd. 4.18
AVI JAPAN OPPORTUNITY TRUST PLC 4.06
Yamazaki Kinzoku Sangyo 3.64
Sato Shoji Co., Ltd. 3.48
STATE STREET  BANK AND TRUST COMPANY 505224 2.95
The Master Trust Bank of Japan ,Ltd. 2.37
Mizuho Bank, Ltd. 2.08
Total 72.56

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.

Supplemental Information 1

Supplemental Information 2

Technology Licensing-out Agreement

(As of Mar. 31, 2020)
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, 2021
PT. Selamat Sempurna
(Indonesia)
Manufacturing technology for radiators and fuel tanks Apr. 11, 1979 -
Apr. 10, 2021