Taiheiyo Metal
Cite as: Japan IR Index, Taiheiyo Metal (5541), methodology GNT-BDS v1.1.1, reviewed 2026-10-23.
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.
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.
O7 Named English IR contact published 2/5 Quick fix
Link a dedicated IR contact (form, address or e-mail) from the English IR section.
O5 Single page listing all English IR documents by date and type 3/5 Quick fix
Keep one English page that lists every IR document with its date and type.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 21 answers corrected after re-checks (research errors) between 21 Oct 2026 and 23 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 (Iron & Steel) | Only 1 company — too few to compare | |
| Same size band (Under ¥100bn) | 51.4 | 3 of 25 |
Compared with the companies covered here, not the whole market. Sector is the TSE 33-sector classification; market cap is from the TSE English-disclosure survey, Aug 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, 29 scored 3 or more and 3 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 English5/5
Every quarter's tanshin is in English with the Japanese date (6 Aug 2026, 12 May, 6 Feb 2026, 11 Nov 2025), each a whole translation with notes (see F2). Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
F2English results summary is a full translation, not an excerpt5/5
The English Q1 FY3/2027 tanshin (6 Aug 2026, 15 pp against 13 in Japanese) follows the Japanese contents: summary, qualitative information, the statements and every note (segment information, shareholders' equity, going concern, cash flows). The FY3/2026 tanshin (12 May, 29 pp) is whole too. So 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
F3Financial statements including notes available in English5/5
The latest English tanshin (Q1 FY3/2027) has the quarterly balance sheet and income statements with the notes; the FY tanshin adds changes in equity and cash flows. Full statements and notes for the latest period, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
F4Annual securities report available in English in any form0/5
No annual securities report in English: the English Financial Statements page lists tanshin and notices only, while the Japanese page carries the 第100期 有価証券報告書 (19 Jun 2026) and 半期報告書, with no English versions. Re-checked 23 Oct 2026; the September record also found nothing.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
Every English tanshin gives net sales and segment profit for the nickel and gas businesses with the reconciliation (Q1 FY3/2026 nickel sales ¥1,694m, segment loss ¥3,078m), and the FY tanshin's 'Overview of reportable segments' defines them. Every period, definitions stated, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
No downloadable data file: the English Financial Statements and Briefing Materials pages hold PDFs only (the FACT BOOK is a PDF), with no Excel or CSV. Re-checked 23 Oct 2026; the September record also found nothing.
F7Guidance disclosed in English with the basis explained5/5
The English FY3/2026 tanshin gives the FY3/2027 forecast with the market view (nickel market, energy costs, inventory write-down timing, tariffs) and a reference table of the forecast's assumptions (applicable LME nickel price in $/lb and the ¥/$ rate); the English timely notices explain each revision (e.g. 28 Apr 2026). Assumptions, market view and explained revisions, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the three months to 30 June 2026 published 6 August 2026, the same period and day as the Japanese. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
S1Medium-term management plan in English with numerical targets3/5
The current strategy, 'PAMCOvision 2031' (FY2025-FY2031), is in English only as a 2-page notice (25 Apr 2025) giving the period, vision, theme and portfolio direction; the 25-page strategy itself is attached 'in Japanese'. An English summary carrying only part of the plan, so 3. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
S2IR presentations published in English5/5
Pacific Metals holds two briefings a year (half year and full year), and each has the English main deck, attachment, FACT BOOK and Q&A summary, as the Japanese has (FY3/2026: deck, attachment and FACT BOOK 19 May 2026 in both languages). Every briefing with its supplements, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
S3English equity-story or investment-highlights page5/5
Integrated Report 2025 (English, 28 pp, Sustainability > Integrated Report) has a 'Business Overview' page (p.6): Japan's leading company by ferronickel production volume, some of the world's largest electric furnaces, long-standing ties with mining companies and an overseas sales network, with the new businesses and their page references. The value creation process (p.7) quantifies the base: three furnaces of 60,000-80,000 kVA, 320,000 tons of nickel ore purchased, net assets of 67.6 billion yen. Re-checked 21 Oct 2026; the September record scored 1 on a two-page strategy notice, which is not a band score. Under the S3 reading applied to the cohort on 21 Oct, a section in an investor document counts the same as a page and a named market rank counts as a quantified strength. So 5. Source document →
S4Growth drivers identified and quantified in English3/5
The English FY3/2026 deck (Section 3, progress of PAMCOvision 2031) names the drivers: matte raw materials for the nickel business, contracted smelting, polymetallic nodules (full operation from FY2029), retail electricity, beryllium and calcium aluminate, but attaches no market size, share or profit contribution; the strategy's numbers are in the Japanese document only. Named, qualitative, so 3. Re-opened 23 Oct 2026; the September record scored 1 without a note. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
An English Q&A summary for each briefing, as the Japanese 質疑応答要旨, but later: FY3/2026 English 25 May against Japanese 20 May 2026; H1 FY3/2026 25 Nov against 19 Nov 2025. Every period, late, so 4. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
S6Integrated or annual report available in English4/5
Integrated Report 2025 in English (28 pp, created 23 Jan 2026) reports on the fiscal year ended March 2025; FY3/2026 has closed and no 2026 edition is out. The complete report, one year behind the latest closed year, so 4 under the cohort convention (TOCALO, TOWA, Fuji Media). Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
S7Progress against the previous plan, including misses, explained in English3/5
The English strategy notice says results 'veered significantly from the assumptions' of the previous plan, PAMCO-2024, and the English FY deck narrates the shift; there is no target-against-actual table in English. Progress narrated, so 3. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
G1Corporate governance report available in English5/5
The Corporate Governance Report is in English, posted 24 Jun 2026, the same day as the Japanese (both file names dated 260624), with the earlier editions archived. The filed report, current, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
All nine directors' terms expired at the 100th AGM and six were elected, so the candidates are the board. The English notice (27 May 2026) gives each a dated career history, the outside directors' years served since appointment, reasons for nomination and independence. Every director with all three elements, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
G3Board skills matrix published in English5/5
The English 100th AGM notice has the 'Skills matrix for Directors and Auditors' as composed after the meeting, with the guidelines for each item. Current, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
The English Corporate Governance Report sets out the structure (fixed monthly and stock compensation; a bonus as performance-linked pay; outside directors fixed only), the single performance measure (profit, through the capacity to pay dividends) and the total (¥153m for directors, of which ¥9m restricted stock), but not the amounts by type. Structure and KPI, amounts by type missing, so 4. Re-opened 23 Oct 2026; the September record scored 2 without a note. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
The English notice of the 100th AGM (37 pp, every proposal's reference documents) was posted 27 May 2026, the same day as the Japanese, for a meeting on 24 June, 28 days. The voting website it names, www.soukai-portal.net, is Japanese-only (G5 voting-site sweep, 23 Oct 2026). So 4. Checked 23 Oct 2026. Source document →
G6Shareholder vote results disclosed in English0/5
The English 'Notices of Convocation ... and Results of Exercise of Voting Rights' page lists convocation notices only (91st-100th). The Japanese page has the 100th 決議ご通知 and the 臨時報告書 with the tallies (24 Jun 2026), neither in English. Re-checked 23 Oct 2026; the September record also found nothing.
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English Corporate Governance Report (Principle 1.4) gives the holding rationale, the board's periodic review and progress in numbers: 14 of 25 stocks (13 of 14 listed) sold since FY2018, two more in FY2025. A phased reduction is 'under consideration' with no target or schedule, and no amounts. Policy and numbers, no target, so 3. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
'For Investors' is in the English homepage menu, one click to the IR top. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O2English document links resolve to English documents5/5
Sampled English documents across types: Q1 FY3/2027 and FY3/2026 tanshin, FY deck, Q&A summary, the strategy notice, Corporate Governance Report, 100th AGM notice, Integrated Report 2025, and timely notices. All English (the strategy notice points to an attached Japanese document, but is itself English). So 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O3English IR archive free of dead links5/5
The sampled links (2022-2026) all opened. No dead links, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O4English IR pages render without blank JavaScript failures5/5
The English IR pages are server-rendered lists and rendered fully. So 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O5Single page listing all English IR documents by date and type3/5
Documents are split by type across pages (Financial Statements, Briefing Materials, Corporate Governance, Other Decisions and Moves, Notices of Convocation), each dated by its file name. Split by type, each dated, so 3. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The English archive holds tanshin and notices from 2022, governance reports from 2022, AGM notices from the 91st (2017), briefing materials by half year. Several years across types, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
O7Named English IR contact published2/5
The English 'Contact' form offers only 'Products', 'Purchase of recycled nickel resources' and 'Other'; no IR address or IR form on the English IR pages. The tanshin header names Terunobu Matsuyama, Director and Managing Executive Officer, with a phone number. Named only in document headers, so 2. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
The English and Japanese file names carry the same posting dates: tanshin 6 Aug 2026, 12 May 2026, 6 Feb 2026 and 11 Nov 2025 in both; the FY3/2026 deck 19 May in both. Same day every period, so 5. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Lags, English against Japanese, from the file names. Q1 FY3/2027 tanshin 6 Aug / 6 Aug = 0. FY3/2026 tanshin 12 May / 12 May = 0. 100th AGM notice 27 May / 27 May = 0. Corporate Governance Report 24 Jun / 24 Jun = 0. Securities report (19 Jun 2026): no English, over 90. Sorted 0, 0, 0, 0, >90: median 0, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
R3Timely disclosures published in English5/5
Compared the Japanese timely disclosures (Oct 2025-Oct 2026) with the English lists: earthquake impact notices (9 Dec 2025, 21 Apr, 25 Jun 2026), MiRESSO financing (27 Feb), dividends (28 Apr), restricted-stock disposal and payment (24 Jun, 23 Jul), Kumamoto donation (4 Aug), equity-method income (6 Aug), the GX programme (17 Sep), and the cost-of-sales and forecast notices (31 Oct 2025, 30 Jan, 28 Apr 2026). Every one has an English version with the same date. All, same day, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No machine-translation notice on the rendered English pages or in the English documents. The September record cited the tanshin's 'translated ... for reference purposes only ... the original shall prevail', which belongs to R5. Nothing presented as machine-translated, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
'Translated from the Japanese original for reference purposes only ... the original shall prevail' is on the tanshin, the strategy notice and the AGM notice; the decks, Q&A summaries, Corporate Governance Report and Integrated Report carry none. Subordinated on some documents, so 2. Re-opened 23 Oct 2026; the September record scored 1 without a note. 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 2026-10-23. 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 23 October 2026 · F2: 4 → 5. The English tanshin is a whole translation, notes included.
- Research error 23 October 2026 · F3: 4 → 5. Full statements with notes are in English for the latest quarter.
- Research error 23 October 2026 · F5: 3 → 5. Segment sales and profit every quarter, with the segments defined in the year-end notes.
- Research error 23 October 2026 · F7: 4 → 5. The forecast comes with nickel-price and FX assumptions and a market view, and revisions are explained in English.
- Research error 23 October 2026 · S1: 4 → 3. The plan is in English only as a 2-page notice; the 25-page strategy is in Japanese.
- Research error 23 October 2026 · S2: 3 → 5. Every briefing has the English deck, attachment, fact book and Q&A summary, as in Japanese.
- Research error 23 October 2026 · S4: 1 → 3. The English deck names the new businesses but attaches no numbers to them.
- Research error 23 October 2026 · S5: 3 → 4. An English Q&A summary for every briefing, about five days after the Japanese.
- Research error 23 October 2026 · G1: 4 → 5. The Corporate Governance Report is in English, posted the same day as the Japanese (24 June 2026).
- Research error 23 October 2026 · G2: 4 → 5. Every sitting director was a candidate; the English notice gives tenure, career and independence.
- Research error 23 October 2026 · G3: 4 → 5. The English AGM notice carries the current skills matrix.
- Research error 23 October 2026 · G4: 2 → 4. The English governance report gives the pay structure and its single KPI, but not the amounts by type.
- Research error 23 October 2026 · G7: 4 → 3. The English governance report gives the policy and the number of stocks sold, but no target.
- Research error 23 October 2026 · O7: 3 → 2. No English IR contact route; a director is named only in document headers.
- Research error 23 October 2026 · R1: 4 → 5. The English tanshin and decks were posted the same day as the Japanese.
- Research error 23 October 2026 · R2: 3 → 5. Lags 0, 0, 0, 0 and one document never in English: median 0.
- Research error 23 October 2026 · R3: 3 → 5. Every timely disclosure in the past twelve months had a same-day English version.
- Research error 23 October 2026 · R4: 3 → 5. Nothing on the English site is presented as machine-translated; the 'original shall prevail' line belongs to R5.
- Research error 23 October 2026 · R5: 1 → 2. The 'Japanese prevails' line is on the tanshin and notices, not on the decks, Q&A, governance report or report.
- Research error 23 October 2026 · G5: 5 → 4. Every proposal is in the English notice, but the voting website shareholders use (Sumitomo Mitsui Trust Bank) is in Japanese only.
- Research error 21 October 2026 · S3: 1 → 5. The English Integrated Report 2025 has a Business Overview page naming the company Japan's leading ferronickel producer by volume, and a value-creation page with furnace capacity and ore volumes. The September score of 1 cited a two-page strategy notice.
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.