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Employees: 4,087
Size T.RAD (7236.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $485M, the 1086th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,297 on 6 Nov 2026.
Performance Over six months the shares gained 16.7%, against -24.4% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +9.1%); the operating margin is 6.8% (peer median 5.0%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.8× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points above its cost of capital (13.2% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥167B | ¥162B | ¥159B | ¥159B | ¥149B |
| Revenue growth | — | +2% | 0% | +6% | — |
| Gross profit | ¥23.7B | ¥24.4B | ¥21.5B | ¥16.3B | ¥13.2B |
| EBITDA | ¥17.6B | ¥16.9B | ¥13.0B | ¥10.6B | ¥7.40B |
| Net income | ¥9.01B | ¥8.77B | ¥4.25B | ¥1.25B | -¥3.60B |
| Free cash flow | ¥6.28B | ¥5.11B | ¥2.52B | ¥10.9B | -¥1.72B |
| Capital expenditure | ¥8.87B | ¥7.65B | ¥5.29B | ¥7.21B | ¥6.85B |
| Total debt | ¥22.7B | ¥21.9B | ¥21.5B | ¥24.9B | ¥22.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7236.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -8.0% | 6th lowest of 21 |
| 6-month return | +16.7% | -24.4% | highest of 21 |
| Distance from 52-week high | -19.5% | -40.5% | 4th highest of 21 |
| Revenue growth (TTM) | +5.9% | +9.1% | 10th lowest of 21 |
| Operating margin | 6.8% | 5.0% | 9th highest of 21 |
| EV / Sales | 0.5× | 1.8× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.0% | 16.1% | 6th least demanding of 17 |
| Growth delivered (Del g) | +7.5% | +9.9% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | -2.5 pp | +4.2 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +0.1 pp | -1.4 pp | 8th highest of 21 |
| EV / EBITDA | 4.6× | 7.4× | 4th cheapest of 7 |
| Net debt / EBITDA | 0.2× | -1.4× | 2nd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| T.RAD 7236.T | Japan | $485M | +17% | +6% | 7% | 0.5× | 5.0% | +7.5% |
| Martinrea International MRE.TO | Canada | $475M | -10% | -3% | 5% | 0.4× | -6.2% | +7.4% |
| Tachi-S 7239.T | Japan | $474M | +6% | -2% | 5% | 0.1× | -16.7% | +6.3% |
| Jee Technology 688162.SS | China | $496M | -25% | +15% | 1% | 0.7× | 36.1% | +23.7% |
| Shenzhen Roadrover Technology 002813.SZ | China | $470M | -4% | -14% | -16% | 9.0× | n/a | n/a |
| Ningbo Shenglong Automotive Powertrain System 603178.SS | China | $502M | -27% | -6% | -10% | 2.2× | 22.3% | +6.5% |
| Murakami 7292.T | Japan | $503M | +3% | +8% | 7% | 0.3× | -19.1% | +9.3% |
| Shinry Technologies 300745.SZ | China | $504M | -41% | +33% | -4% | 1.0× | n/a | n/a |
| Shanghai Carthane 603037.SS | China | $504M | -8% | +15% | 9% | 3.9× | 25.0% | +10.7% |
| Guangzhou Tongda Auto Electric 603390.SS | China | $505M | -28% | +11% | 10% | 3.2× | 17.0% | +9.5% |
| Nantong Chaoda Equipment 301186.SZ | China | $505M | -38% | +5% | 7% | 4.0× | 21.6% | +11.9% |
| Zhejiang Tenchen Controls 603085.SS | China | $507M | -31% | +29% | 6% | 1.2× | 1.3% | +16.2% |
| Hangzhou Zhengqiang 301119.SZ | China | $510M | -20% | +5% | 19% | 5.8× | 19.9% | +10.1% |
| Beijing Tianyishangjia New Material 688033.SS | China | $459M | -34% | -31% | -342% | 8.4× | 15.2% | +10.6% |
| Fiem Industries FIEMIND.NS | India | $513M | -19% | +17% | 11% | 1.6× | 21.3% | +18.2% |
| Tieliu 603926.SS | China | $515M | -32% | -4% | 4% | 1.4× | 6.6% | +9.6% |
| Hi-Lex 7279.T | Japan | $520M | -17% | +32% | 1% | 0.1× | 3.0% | +9.2% |
| Hefei Conver 603409.SS | China | $451M | -45% | +16% | 11% | 1.9× | n/a | n/a |
| Changchai 000570.SZ | China | $450M | -23% | +1% | 2% | 1.0× | 7.2% | +1.5% |
| Shanghai Vico Precision Mold & Plastics 301499.SZ | China | $450M | -39% | +16% | 4% | 2.7× | n/a | n/a |
| Swaraj Engines SWARAJENG.NS | India | $450M | -13% | +25% | 12% | 1.9× | 19.1% | +15.3% |