Pal Group Holdings
Cite as: Japan IR Index, Pal Group Holdings (2726), methodology GNT-BDS v1.1.1, reviewed 2026-09.
Findings and sources as of the review date shown. The company’s English disclosure may have changed since.
Where to start
Chosen from this company's lowest answers, easiest first. A quick fix uses material the company already has; a translation fix is usually met by translating a Japanese document (our note says whether this company has one). Questions that need a budget or a board decision are left out. Suggestions drawn from the research, separate from the scores.
O4 English IR pages render without blank JavaScript failures 0/5 Quick fix
Fix or replace the English page elements that load empty (lists, widgets, embedded frames).
F6 Multi-year financial data file (Excel or CSV) downloadable in English 0/5 Quick fix
Post the financial figures the company already publishes as an Excel or CSV file with English labels.
G6 Shareholder vote results disclosed in English 0/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
O1 English IR section reachable within two clicks of the English homepage 2/5 Quick fix
Put a visible Investor Relations link on the English homepage that goes straight to the English IR top.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 24 answers corrected after re-checks (research errors) and 1 changed under a rule change on 21 Oct 2026. These are changes to our record, not to the company’s disclosure. Changes to this record →
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Retail Trade) | 51.8 | 1 of 3 |
| Same size band (¥100–500bn) | 77.1 | 47 of 50 |
Compared with the companies covered here, not the whole market. Sector is the TSE 33-sector classification; market cap is from kabutan.jp, 19 Oct 2026; it only sets the size band, plays no part in the score, and is refreshed once a quarter. Ties share the higher rank.
Out of 100.
Of the 34 questions reviewed, 20 scored 3 or more and 9 found no qualifying English materials within the stated review scope. Read each score with its source and scope below.
Findings by question
F1Quarterly and full-year results summaries (tanshin) published in English2/5
English results are published for every quarter, the same day as the Japanese, but since January 2026 they are the summary cover pages only: 3 pages against 11 in Japanese for H1 FY2/2027 (6 Oct 2026), with no qualitative review, statements or notes. A headline sheet. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Every period, headline figures only, so 2. Source document →
F2English results summary is a full translation, not an excerpt2/5
The English results for H1 FY2/2027 (6 Oct 2026) are the 3 summary cover pages of an 11-page Japanese tanshin; the full-year and Q1 results are the same. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Summary cover pages only, so 2. Source document →
F3Financial statements including notes available in English3/5
The English results have no statements, but the English H1 FY2/2027 deck (6 Oct 2026, 44 pp) carries the consolidated statements of income (p.5), balance sheets (p.14) and cash flows (p.15), without notes. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Statements without notes, so 3. Source document →
F4Annual securities report available in English in any form0/5
No English annual securities report: none is listed on the IR page in either language's titles, and no English version appears among the English documents back to 2021. Re-checked 21 Oct 2026.
F5Segment revenue and profit disclosed in English, consistent definitions4/5
The English H1 and full-year decks give net sales and operating profit by segment (Apparel; Miscellaneous Goods/Accessories; Other) with three-year comparisons (H1 FY2/2027 deck p.9), and the English Q1 and Q3 summaries comment on each segment. The segment definitions are in the Japanese tanshin only. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Every period, figures in the decks, so 4. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
No downloadable data file: the IR page lists PDFs only, with no Excel or CSV in either language. Re-checked 21 Oct 2026.
F7Guidance disclosed in English with the basis explained4/5
The English results carry the full-year forecast, and the deck gives its premises: store openings and closures and existing-store sales by channel (p.17), with a qualitative section on the effect of exchange rates (p.23). There is no exchange-rate assumption or segment forecast, and no revision in the year to explain. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Forecast with part of the basis, so 4. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
The latest English results cover the six months to 31 August 2026, the same period as the latest Japanese filing (6 Oct 2026). Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Same period, so 5. Source document →
S1Medium-term management plan in English with numerical targets5/5
The English deck's 'Medium- to Long-term Vision' (H1 FY2/2027 deck p.20) sets a consolidated net sales target of ¥300.0bn for FY2/2029 (CAGR 8.5% from ¥234.7bn) with the business strategies behind it, the same page as the Japanese deck, on the same day. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Current plan, complete in English, so 5. Source document →
S2IR presentations published in English5/5
An English results deck for every briefing, the same day as the Japanese and page for page (44 pages each for H1 FY2/2027 and FY2/2026; H1 FY2/2026 too), back to 2021; the Japanese quarterly summaries also have English versions. The Japanese side publishes no Q&A or transcript. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Every deck, current, so 5. Source document →
S3English equity-story or investment-highlights page4/5
There is no 'why invest' page. The English deck's 'Business Model' section (pp.21-23) explains the competitive advantage: the PAL Map of fashion cycles, the multi-brand portfolio and 4-week merchandising, and how the model limits exchange-rate risk. The results trend (p.19) gives figures, but the strengths themselves are mostly qualitative. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Dedicated, specific, mostly qualitative, so 4. Source document →
S4Growth drivers identified and quantified in English4/5
The English deck names the growth drivers (new brands and M&A, scaling brands and stores, IT and logistics investment, overseas, online; p.20) and quantifies some: store openings and closures planned (p.17), e-commerce sales and app membership trends (pp.26-27), the first 3COINS store in Taiwan (p.31). Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Named, some quantified, so 4. Source document →
S5Results-briefing transcripts or Q&A published in English0/5
No results-briefing Q&A or transcript in either language: the IR page lists decks and summaries only. Re-checked 21 Oct 2026.
S6Integrated or annual report available in English0/5
No integrated or annual report in English. The Japanese side has a sustainability report (17 Feb 2026) and a shareholder newsletter (第54期報告書), neither in English. Re-checked 21 Oct 2026.
S7Progress against the previous plan, including misses, explained in English3/5
The English deck shows progress toward the ¥300bn vision with figures (sales of ¥100.0bn in FY2/2014, ¥130.5bn in FY2/2019 and ¥234.7bn in FY2/2026, p.20) and the long-run results trend (p.19), but no previous plan's targets set against actuals. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Progress narrated with some numbers, so 3. Source document →
G1Corporate governance report available in English0/5
No English Corporate Governance Report. The IR page lists a Japanese governance booklet (コーポレート・ガバナンス 2026, 29 May 2026) and no English governance document. Re-checked 21 Oct 2026.
G2Director biographies in English with tenure, expertise and independence4/5
The English notice of the 54th AGM (1 May 2026) profiles all ten director candidates, and every sitting director is up for election: career summaries with dates, positions, attendance and reasons for nomination. The outside directors' independence (TSE independent directors) and tenure are stated; the insiders' tenure must be read from the career dates. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. All three elements, tenure thin, so 4. Source document →
G3Board skills matrix published in English5/5
The English AGM notice (1 May 2026) has a skills table for all ten director candidates (corporate management, industry knowledge, SDGs, administration and finance, risk management), with attendance. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. The current matrix in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English0/5
No English remuneration disclosure: the English AGM notice carries the proposals only, and the business report and governance material are Japanese. Re-checked 21 Oct 2026.
G5AGM notice in English with sufficient lead time to vote4/5
The English notice of the 54th AGM was posted on 1 May 2026 for the meeting on 27 May (26 days). It carries the reference documents for all five proposals. It is 'translated from a part' of the Japanese, the matters for electronic provision are Japanese only, and voting is by the Japanese form or website. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Every proposal three weeks ahead, with a Japanese-only voting route, so 4. Source document →
G6Shareholder vote results disclosed in English0/5
No English voting results: none is listed among the English documents on the IR page. Re-checked 21 Oct 2026.
G7Cross-shareholdings in English with reduction schedule and rationale0/5
No English disclosure on cross-shareholdings: none of the English documents covers them. Re-checked 21 Oct 2026.
O1English IR section reachable within two clicks of the English homepage2/5
Pal Group has no English homepage or English IR pages. Its English documents are listed under English titles on the Japanese IR page (IR情報), one click from the Japanese homepage. Under v1.1.1 (21 Oct 2026), English documents linked only from Japanese pages score 2 here. So 2. Source document →
O2English document links resolve to English documents5/5
All 22 English-titled documents listed on the IR page from October 2025 to October 2026 (results, decks, AGM notice, dividend, buyback and management notices) open English PDFs. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. All English, so 5. Source document →
O3English IR archive free of dead links5/5
All 22 English documents of the last twelve months on the IR page download. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. No dead links, so 5. Source document →
O4English IR pages render without blank JavaScript failures0/5
There are no English IR web pages to render: the English documents are PDFs listed on the Japanese IR page, which renders normally. Under v1.1.1 (21 Oct 2026), English documents linked only from Japanese pages are recorded here as not found. Re-checked 21 Oct 2026.
O5Single page listing all English IR documents by date and type4/5
The IR page is one dated list carrying the English documents beside the Japanese ones, untyped. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. One dated list, untyped, so 4. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
English results, decks, AGM notices and timely disclosures are listed on the IR page back to 2021 (49th AGM notice, 7 May 2021). Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. Several years across document types, so 5. Source document →
O7Named English IR contact published3/5
The English decks end with 'IR Contact: Corporate Planning Division', a telephone and fax number (H1 FY2/2027 deck p.44), and the English quarterly summaries give a contact email for questions. No English web page offers the contact. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. A genuine IR route that is not obvious, so 3. Source document →
R1Earnings materials published in English simultaneously with Japanese3/5
The English results and deck are listed the same day as the Japanese (6 Oct 2026 for H1; 7 Jul 2026 for Q1, with the summary). But the English results are the summary cover pages only, and a full English tanshin never follows: under the review ruling that is a headline sheet, scored 3 for R1. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. So 3. Source document →
R2Median lag in days between Japanese and English statutory publication1/5
Latest two results: English summary cover pages only, counted as untranslated (over 90 days) under the review ruling. AGM notice: English the same day (1 May 2026, 0 days). Corporate Governance Report and securities report: no English (over 90). Median over 90 days. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. So 1. Source document →
R3Timely disclosures published in English5/5
Every Japanese timely disclosure in the twelve months to October 2026 has an English version listed the same day: dividends (13 Jan, 14 Apr 2026), management changes (11 Nov 2025, 13 Jan, 7 Apr 2026), buyback decisions and progress (27 May to 1 Sep 2026), and the subsidiary reorganisation (16 Dec 2025). Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. All, same day, so 5. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No English document is presented as machine-translated; the results and AGM notice carry only the 'original shall prevail' line, which is R5. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. So 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The English results and AGM notice say the Japanese original shall prevail; the English decks and quarterly summaries carry no such clause. Re-checked 21 Oct 2026; the September record said Pal Group had no English IR material, but English results, decks, AGM notices and timely disclosures are listed on its IR page back to 2021. On some documents, not all, so 2. Source document →
Open a question for the reasoning and the document its score was read from. A zero means no qualifying English materials were located within the stated review scope as of the review date. Compare this question across companies →
Capital-policy review
No capital action has been reviewed for this company yet. The monitor covers a selection of companies and, within them, a selection of actions. See the companies covered →
Balance sheet and capital-policy indicators
No balance-sheet reading has been published for this company. See the companies covered →
Changes to this record
- Research error 21 October 2026 · F1: 0 → 2. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. English results every quarter, summary pages only.
- Research error 21 October 2026 · F2: 0 → 2. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English results are the summary cover pages only.
- Research error 21 October 2026 · F3: 0 → 3. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck carries the statements, without notes.
- Research error 21 October 2026 · F5: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English decks give sales and operating profit by segment.
- Research error 21 October 2026 · F7: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck gives the forecast with part of its basis.
- Research error 21 October 2026 · F8: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English covers the latest period.
- Research error 21 October 2026 · S1: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck carries the medium- to long-term vision with its sales target.
- Research error 21 October 2026 · S2: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. An English deck for every briefing, the same day.
- Research error 21 October 2026 · S3: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck's business-model section explains the strengths, mostly qualitatively.
- Research error 21 October 2026 · S4: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck names the growth drivers, some quantified.
- Research error 21 October 2026 · S7: 0 → 3. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English deck shows progress toward the vision with figures.
- Research error 21 October 2026 · G2: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English AGM notice profiles every director.
- Research error 21 October 2026 · G3: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English AGM notice has the skills table.
- Research error 21 October 2026 · G5: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English AGM notice carries every proposal 26 days ahead; voting is in Japanese.
- Research error 21 October 2026 · O2: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. All English links open English documents.
- Research error 21 October 2026 · O3: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. All English links resolve.
- Research error 21 October 2026 · O5: 0 → 4. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The IR page lists the English documents with dates.
- Research error 21 October 2026 · O6: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English archive goes back to 2021.
- Research error 21 October 2026 · O7: 0 → 3. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The English decks give the IR contact.
- Research error 21 October 2026 · R1: 0 → 3. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. English results and decks the same day, but the results are summary pages only.
- Research error 21 October 2026 · R2: 0 → 1. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. Only the AGM notice is a full English document among the five.
- Research error 21 October 2026 · R3: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. Every timely disclosure has an English version the same day.
- Research error 21 October 2026 · R4: 0 → 5. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. No English document is presented as machine-translated.
- Research error 21 October 2026 · R5: 0 → 2. The September record said Pal Group had no English IR material; its IR page lists English results, decks, AGM notices and timely disclosures back to 2021. The 'Japanese prevails' line is on some English documents.
- Rule change 21 October 2026 · O1: 0 → 2. Under v1.1.1, English documents linked only from Japanese pages score 2 on O1. Pal Group's English documents are on its Japanese IR page.
Every change is labelled as a research error, new evidence supplied, improved disclosure or a rule change, with its date and the previous score. Change log →
Scores assess how English information is published, not the quality of the business or its investment value. To report an error or a document we missed, see how to contact us.