Tokyo Radiator Mfg. Co., Ltd.

Company Profile

■URL

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

■Address

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

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 2024, Marelli held only 17.1% of the Company’s stock shares.

 

Business Highlights

-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 33,401 million (5.1% increase year-over-year) 
Operating income: JPY 1,397 million (69.8% increase year-over-year)
Ordinary income: JPY 1,548 million (82.4% increase year-over-year)
Current net loss attributable to the parent-company’s shareholders: JPY 1,681 million. 

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange. (As of Mar. 31, 2024)
Company name Investment Ratio (%)
Marelli Corporation (Formerly Calsonic Kansei Corporation) 17.08
Isuzu Motor Ltd. 7.19
Yamazaki Kinzoku Sangyo 5.59
Sato Shoji Co., Ltd. 5.34
Individual shareholder 3.28
Mizuho Bank, Ltd. (Standing proxy: Custody Bank of Japan, Ltd.) 3.20
Nisshin Fire & Marine Insurance Co.,Ltd. 3.20
Individual shareholder 3.08
GMO CLICK Securities, Inc.   2.95
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing proxy: MUFG Bank, Ltd.) 2.33
Total 53.23

 

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

Supplemental Information 2

Technology Licensing-out Agreement

(As of Mar. 31, 2024)
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, 2025
PT. Selamat Sempurna
(Indonesia)
Manufacturing technology for radiators and fuel tanks Apr. 11, 1979 -
Apr. 10, 2025

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Nagata-cho, Chiyoda-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Southfield, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779