Name

T.RAD

Legal name

株式会社ティラド

Website

https://trad.co.jp

Company type

Public

Founded year

1935

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Automotive Heat Exchangers

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Automotive Heat Exchangers Manufacturing (Radiators/Condensers/Evaporators/Heater Cores) (IMACALAC)

akta.pro secondary industries

Thermal Management Systems for EVs (Battery/E-Powertrain Cooling & Heating) (IMACACAG), Automotive Thermal Management for Electrified Powertrains (Battery/Inverter/Motor Cooling) (IMACALAD), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Automotive Coolant & Refrigerant Circuit Components (Pumps/Valves/Reservoirs/Expansion Devices) (IMACALAE)

Keywords

• Automotive heat exchangers
• Radiator manufacturing
• Thermal management components
• EV cooling systems
• Industrial heat exchangers

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Heat Exchanger Sales: T.RAD generates revenue primarily from manufacturing and selling heat exchangers, including radiators, oil coolers, EGR coolers, and inverter coolers. Radiators account for approximately 50% of sales composition. The company serves automotive, motorcycle, and industrial machinery manufacturers globally.

Distribution channels1 record

Marketing channels4 records

Core offering

T.RAD manufactures and sells heat exchangers, with radiators accounting for approximately 50% of sales composition. The product portfolio includes radiators, oil coolers for motors and CVTs, EGR coolers, inverter coolers for electric and hybrid vehicles, the proprietary T.RAD-SMART radiator, and fin-coil type heat exchangers, supplied globally to automotive, motorcycle, construction machinery, and industrial equipment manufacturers through a 5-pole direct OEM supply model.

Product overview

T.RAD is a specialized manufacturer of heat exchangers, offering a comprehensive portfolio centered on thermal management solutions for automotive, motorcycle, construction machinery, and industrial equipment applications. The core product lineup includes radiators (accounting for approximately 50% of sales), inverter coolers for electric vehicles, oil coolers for motors and CVTs, EGR coolers for emissions control, fin-coil type heat exchangers, and the proprietary T.RAD-SMART (Slim and Advanced Radiator Technology) radiator. The company also operates T.RAD Connect, a subsidiary that develops cloud-based manufacturing management systems to support digital transformation initiatives. T.RAD serves both traditional internal combustion engine vehicles and the growing electric and hybrid vehicle markets, positioning thermal management as critical to energy efficiency and CO2 reduction across all mobility sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Radiators (ラジエーター) Core heat-exchanger product that controls engine and component temperatures in automobiles, motorcycles, construction machinery, and industrial equipment. Radiators account for approximately 50% of T.RAD's sales composition and are sold as OEM components to automotive and industrial manufacturers worldwide.
• Oil Coolers for Motors and CVT Oil coolers designed for electric-vehicle traction motors and continuously variable transmissions (CVTs), supporting thermal management needs of electrified powertrains.
• Inverter Coolers (インバーター冷却器) Cooling systems for power inverters in electric and hybrid vehicles, managing the thermal load of power electronics in EV systems.
• EGR Coolers (EGRクーラー) Exhaust Gas Recirculation (EGR) coolers that reduce NOx emissions by recirculating a portion of exhaust gas back to the engine intake, supporting emissions compliance.
• T.RAD-SMART Radiator Slim and Advanced Radiator Technology - a lightweight, high-performance radiator developed for space-constrained applications while maintaining thermal efficiency.
• Fin-coil Type Heat Exchangers (フィンコイルタイプ熱交換器) Heat exchangers featuring fin-and-coil construction for HVAC, industrial process cooling, and facility climate control applications.
• Manufacturing Cloud Business Management System (by T.RAD Connect) Cloud-based manufacturing management system developed by subsidiary T.RAD Connect, designed to improve operational efficiency through digital workflow management across global production sites.

Quantifiable outcome

• Radiators account for approximately 50% of total sales
• +2 more outcomes

Named customers17 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• T.RAD Connect Corporation (株式会社ティラドコネクト)coreStrategic or Co-development Partner · 11 April 2018Joint venture company established in April 2018 to develop and provide cloud-based manufacturing management systems for T.RAD group and potentially external customers. The system aims to reduce administrative work by 50% across global production sites.
• Qingdao Toyo Heat Exchanger Co., Ltd. (青島東洋熱交換器有限公司)coreStrategic or Co-development Partner · 11 October 2017Chinese subsidiary specializing in heat exchanger manufacturing. Originally a joint venture, T.RAD acquired additional shares and consolidated the company as a subsidiary in October 2017, strengthening its China operations.
• T.RAD Logistics Corporation (株式会社ティラドロジスティクス)minorStrategic or Co-development PartnerSubsidiary involved in logistics operations. Personal data (address, name, phone, email, service usage history) is shared between T.RAD and T.RAD Logistics for business operations.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Sanden International: Japanese automotive HVAC and thermal management specialist supplying compressors and heat exchangers to OEMs — comparable Japanese specialist profile with similar customer overlap to T.RAD.
• Hanon Systems: South Korea-based thermal management specialist (formerly Halla Visteon Climate Control) serving global OEMs with HVAC and EV battery thermal solutions — direct competitor to T.RAD in radiators and EV cooling.
• Valeo SA: Global Tier-1 automotive thermal systems supplier offering radiators, EGR coolers, and EV battery/inverter cooling — directly comparable product portfolio and customer overlap with T.RAD in Europe and globally.
• Denso Corporation: Largest Japanese automotive thermal management and HVAC supplier; directly competes with T.RAD on radiators, inverter coolers, and EV thermal systems for the same Japanese OEM customer base.
• Mahle GmbH: German automotive thermal management and powertrain supplier with strong radiators, EGR coolers, and EV battery cooling portfolio; competes with T.RAD globally, particularly with European and Japanese OEMs.
• Modine Manufacturing: US thermal management company with automotive and industrial cooling products including radiators, EGR coolers, and EV battery thermal management — comparable product mix to T.RAD's automotive and fin-coil businesses.
• Marelli Corporation: Japan-Italy headquartered automotive supplier (including Calsonic Kansei legacy thermal business) with radiators, HVAC, and EV thermal products — directly competes with T.RAD at Japanese OEMs.

Broad incumbents

• BorgWarner Inc. Large global auto parts supplier with thermal management products including battery heaters, EGR modules, and EV cooling; broader portfolio than T.RAD but directly overlapping in EV thermal management.

Emerging players

• Boyd Corporation: US thermal management solutions provider expanding into EV battery cooling and industrial heat exchangers — emerging adjacency in EV thermal management relevant to T.RAD's electrification strategy.

Regional players

• Tokyo Radiator Manufacturing: Smaller Japanese radiator/heat exchanger specialist serving construction machinery and automotive markets — directly comparable product set but more limited geographic reach than T.RAD.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about T.RAD