NITTOKU CO., LTD.
Cite as: Japan IR Index, NITTOKU CO., LTD. (6145), methodology GNT-BDS v1.1.1, reviewed 2026-10-12.
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.
G3 Board skills matrix published in English 0/5 Quick fix
Publish the skills matrix from the Japanese AGM notice in English.
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 3/5 Quick fix
Link a dedicated IR contact (form, address or e-mail) from the English IR section.
English disclosure assessment
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Machinery) | 76.4 | 34 of 39 |
| Same size band (Under ¥100bn) | 51.4 | 17 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, 17 scored 3 or more and 12 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 English4/5
Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2027, 13 pages, listed 31 August 2026 (PDF created 28 August) against the Japanese tanshin of 7 August: same 13 pages, with qualitative information on results by segment and the Segment and Other Information note. The full year (27 pages vs Japanese 28) was listed 15 June for a 15 May Japanese release, Q3 on 6 March for 13 February, Q2 on 9 January for 14 November (PDF created 16 December). Every period, complete, but three to eight weeks behind. Source document →
F2English results summary is a full translation, not an excerpt5/5
The latest English tanshin, Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2027 (listed 31 Aug 2026), is 13 pages, the same as the Japanese of 7 Aug 2026. It has the summary, the qualitative section with results by segment, the forecast explanation, the four quarterly statements and the notes (going concern, segment information). The FY3/2026 English tanshin is 27 pages against 28 Japanese and matches the contents: overview of results, financial position, cash flows, future outlook, consolidated statements, notes (significant accounting estimates, segment and other information, per-share information, subsequent events), non-consolidated statements, and production, orders and sales. The whole tanshin, so 5. Source document →
F3Financial statements including notes available in English5/5
The Q1 FY3/2027 English tanshin carries the quarterly balance sheet, income and comprehensive income statements, and notes including the segment table (Winding System & Mechatronics segment profit ¥187m, Contactless IC Tag & Card ¥225m). The FY3/2026 English tanshin has the full-year statements, cash flow statement, changes in equity and complete notes. Full statements and notes for the latest period, so 5. Source document →
F4Annual securities report available in English in any form0/5
The English IR library has only Summary of Financial Results and Other IR Materials (order data). The Japanese 有価証券報告書 page (54th term, 25 June 2026) has no English counterpart; no securities report in English under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are two reportable segments, Winding System & Mechatronics and Contactless IC Tag & Card. Every English tanshin gives net sales and segment profit for both: FY3/2026 ¥40,513m / ¥6,115m and ¥1,899m / ¥594m, and Q1 FY3/2027 is in the same table. The FY3/2026 note states the basis: segments by the products and services of the business divisions, the products of each segment, and a reconciliation to operating profit (corporate expenses ¥1,270m). The segments are unchanged across the periods read. Stated and consistent every period, so 5. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
No Excel or CSV anywhere on the English IR site. We checked the IR top, Summary of Financial Results (/english/ir/data4/), Other IR Materials (/english/ir/data11/) and IR News for xls/csv/excel links. Every document is a PDF. The nearest thing is the one-page 'Supplementary Explanation for Orders Received and Sales by Industry' PDF, which has eight quarters of orders and sales by industry. The Japanese 業績ハイライト page has no file either.
F7Guidance disclosed in English with the basis explained4/5
The FY3/2026 English tanshin (listed 15 Jun 2026) gives the FY3/2027 forecast with a first-half split: net sales ¥44.0bn, OP ¥5.1bn, ordinary ¥5.1bn, net ¥3.3bn, EPS ¥195.57, dividend ¥82. Its Future Outlook section explains the basis as a market view: a moderate global recovery with tariff and Middle East risks, an uncertain European recovery, and a relatively high share of new-development projects pulling profit down, offset by price pass-through and cost cuts. It also says profits are expected to exceed the medium-term plan. There is no FX assumption and no segment forecast in English; the Japanese deck has the FX rates. The revisions (13 Feb 2026, 14 Nov 2025, 11 Jul 2025) are not explained in English: the Q3 English tanshin refers readers to the revision notice 'Japanese version only'. The forecast with part of its basis, so 4. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
The latest Japanese filing is the Q1 tanshin for the three months to 30 June 2026 (7 August 2026); the English version of the same period was listed 31 August 2026. Same period, three weeks late. Source document →
S1Medium-term management plan in English with numerical targets2/5
The current medium-term business plan (FY3/2026 to FY3/2028) has quantified targets only in Japanese. The FY3/2026 決算説明資料 (29 May 2026, 45 pp) sets FY3/2028 consolidated sales and profit targets against actuals (pp19-20, 中期経営計画 連結売上/利益 実績値・計画値, with CAGR). In English the plan is only named: the FY3/2026 English tanshin calls FY3/2027 'the second year of the medium-term business plan' and says profits should exceed it, with no figures. The English site has no MTP page or deck. Named, no numbers, so 2. Source document →
S2IR presentations published in English0/5
The Japanese 決算説明資料 page has a results deck every quarter (Q1 FY3/2027, 7 August 2026; full year, 29 May 2026; Q3; half year). The English IR site has no presentation: its 'Other IR Materials' are one-page tables of orders received and sales by industry (the Japanese 参考資料), not a deck.
S3English equity-story or investment-highlights page3/5
There is no investor-framed 'why invest' or highlights page in English. The English Company Overview links a 30-page Company Information brochure (July 2025). It covers the management philosophy, employee profile, world winding market and sales by industry, a world share of about 38%, METI Global Niche Top selections, five core technologies and the product range. The English Management Policy page is philosophy and SDGs text. It is a company overview doing the job, not framed for an investor, so 3. Source document →
S4Growth drivers identified and quantified in English3/5
The FY3/2026 English tanshin names the growth drivers: winding-machine lines for stepping, air-cooling fan and water-cooling pump motors for AI servers; small precision coreless and brushless DC motors for humanoid robot joints; rare-earth-free ceramic motors; triple-coil speakers and double-coil earphones; the laser business acquired from Kataoka (NITTOKU KYOTO); and the India JV (NITTOKU FA INDIA). None of them is sized. The quantified material is the quarterly orders and sales by industry sheet (Telecommunication, Home Appliances, Mobility, Industrial Machinery) and the brochure's world share of about 38% and sales by industry. These are not tied to the named drivers, and the Japanese deck's per-driver material has no English version. Named, qualitative only, so 3 (floor; the industry tables could argue for 4). Source document →
S5Results-briefing transcripts or Q&A published in English0/5
No transcript or Q&A in English: the English IR library has only results summaries and order sheets. The Japanese side has none either. Its IRライブラリー一覧 lists 決算短信, 有価証券報告書 and 決算説明資料 decks per quarter, with no 質疑応答 or transcript, and the Japanese IR news has none. Neither language publishes one.
S6Integrated or annual report available in English0/5
No integrated, annual or business report in English; the English IR site and About us pages (Company Overview, Management Policy, History) carry none, and the Japanese IR library lists none either.
S7Progress against the previous plan, including misses, explained in English2/5
In English there is only a mention. The FY3/2026 English tanshin says FY3/2027 is being run 'with the aim of achieving business performance at a pace exceeding the initial plan' and that profits are expected 'to exceed the medium-term business plan announced last year'. There are no figures and no target-against-actual table. The Japanese FY3/2026 deck has 中計対比 (actual against plan) columns on pp19-20, with no English version. No reconciliation of the previous plan in English. A mention, so 2. Source document →
G1Corporate governance report available in English0/5
The Japanese コーポレート・ガバナンス page carries the Corporate Governance Report dated 1 July 2026 in Japanese. The English IR menu and sitemap have no governance page or report; the English Company Overview lists the directors only.
G2Director biographies in English with tenure, expertise and independence2/5
The English Company Overview lists the Board of Directors by name and title only: Sasazawa (Representative Director President CEO), Kanome and Iino (Director Managing Executive Officer), Kato, Honda and Nishie (Director), and three Auditors. There is no tenure, career, expertise or independence statement. There is no English AGM notice, governance report or integrated report (see G1, G5, S6). Names and titles only, so 2. Source document →
G3Board skills matrix published in English0/5
No skills matrix in English. The English site has no governance page, AGM notice or integrated report; the English IR menu is Summary of Financial Results, Other IR Materials, IR News, Calendar, Disclosure Policy and Disclaimer. The matrix sits in the Japanese 第54期 AGM notice (3 Jun 2026) only.
G4Executive remuneration structure and its performance linkage explained in English0/5
No English remuneration disclosure. There is no English AGM notice, Corporate Governance Report, yuho or integrated report, and the English tanshin and IR pages do not mention executive pay. The Japanese yuho (25 Jun 2026) and CG report (1 Jul 2026) carry it in Japanese only.
G5AGM notice in English with sufficient lead time to vote0/5
The Japanese 株主総会関連資料 page carries the 54th AGM notice (3 June 2026) and its correction; the English IR menu, IR News and sitemap have no shareholder-meeting materials.
G6Shareholder vote results disclosed in English0/5
No English notice of resolutions or voting results: the English IR News lists results summaries and order data only, and there is no English meeting page.
G7Cross-shareholdings in English with reduction schedule and rationale0/5
No English disclosure on cross-shareholdings. The policy and holdings are in the Japanese Corporate Governance Report (principle 1-4) and yuho only, and neither has an English version. The English IR site, tanshin and company pages are silent.
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (https://nittoku.co.jp/english/) has 'IR' in its main navigation bar, linking to the IR Information top /english/ir/, and the footer has another 'IR' link. One click. Source document →
O2English document links resolve to English documents5/5
We sampled 16 English document links across types and years, and all are English (cjk=0). Tanshin: Q1 FY3/27 (31 Aug 2026), FY3/26 (15 Jun 2026), Q3 FY3/26 (6 Mar 2026), Q3 FY3/24 (5 Mar 2024), Q2 FY3/24 (1 Dec 2023), FY3/22 (1 Jun 2022), Q1 FY3/22 (1 Sep 2021). Orders and sales by industry sheets: 31 Aug 2026, 15 Jun 2026, 28 Nov 2022, 25 Aug 2022. Notices: Global Niche Top selection (2020), JV establishment (2019), Nittoku Engineering GNT (2014). Also the Company Information brochure. All English. Source document →
O3English IR archive free of dead links5/5
The same 16-document sample (see O2), from 2014 to Aug 2026, all opened in the rendered browser as PDFs with text. No dead links. All live. Source document →
O4English IR pages render without blank JavaScript failures5/5
These English pages all rendered their content in the browser: IR top (latest six items), Summary of Financial Results (fiscal-year selector working back to FY3/2022), Other IR Materials (calendar-year selector), IR News (type tabs and year selector), IR Calendar, Disclosure Policy, Disclaimer, Company Overview and the homepage. No empty lists or failed widgets. Every page renders. Source document →
O5Single page listing all English IR documents by date and type5/5
The English IR News page lists every English IR document on one page, each dated and typed ('Financial-related Information', 'Other IR Materials', 'Notice'), with type filter tabs and a calendar-year selector. The site has no other English document types: no decks, AGM or governance papers. Summary of Financial Results and Other IR Materials are per-type views of the same items. One page, every type, dated and typed, so 5. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive goes back five years for each live type. English tanshin run from Q1 FY3/2022 (listed 1 Sep 2021) to Q1 FY3/2027, every quarter. The orders and sales by industry sheets run from 2022 to Aug 2026. English notices run from 2014 to 2020. Several years across document types, though there are only two current types. 5. Source document →
O7Named English IR contact published3/5
The English IR top's 'Contact us here' link goes to the site-wide Inquiries page, which has an 'Inquiries about IR' section: Corporate Planning Office, Tel +81(0)48-615-2109, and a button to a dedicated English 'Inquiries about IR' form (/english/contact/investor-relations/, after a privacy-consent page). A genuine IR route, but reached only through the shared contact page rather than from the IR menu directly - scored at the floor of 3/4. The English tanshin names Masaru Iino, Director, Managing Executive Officer, General Administration Division Executive General Manager, Tel +81-48-615-2109. Source document →
R1Earnings materials published in English simultaneously with Japanese3/5
The English tanshin is weeks late, and there is no English deck. Q1 FY3/2027: Japanese 7 Aug 2026, English listed 31 Aug (24 days; PDF created 28 Aug). FY3/2026: Japanese 15 May, English 15 Jun (31 days; PDF created 12 Jun). Q3 FY3/2026: 13 Feb against 6 Mar (21 days). Q2 FY3/2026: 14 Nov 2025 against 9 Jan 2026 (56 days). The Japanese 決算説明資料 decks (7 Aug 2026, 29 May 2026, ...) have no English version. Days to weeks late, so 3. Source document →
R2Median lag in days between Japanese and English statutory publication1/5
Lags by document (English listing date against Japanese). Q1 FY3/2027 tanshin: 7 Aug to 31 Aug 2026, 24 days. FY3/2026 tanshin: 15 May to 15 Jun 2026, 31 days. 54th AGM notice: Japanese 3 Jun 2026, no English, so more than 90. Corporate Governance Report: Japanese 1 Jul 2026, no English, so more than 90. Yuho: Japanese 25 Jun 2026, no English, so more than 90. Sorted: 24, 31, >90, >90, >90. The median is over 90 days, so 1. Source document →
R3Timely disclosures published in English0/5
The Japanese TDnet list (kabutan, 15 Oct 2025 to 15 Oct 2026) has about 20 timely disclosures besides results, AGM papers and CG reports. They include interim dividend and J-ESOP (14 Nov 2025), forecast and dividend revisions (14 Nov 2025, 13 Feb 2026), an arbitration settlement with special loss (27 Nov 2025), Kataoka rehabilitation sponsorship (5 Dec 2025), a subsidiary merger (12 Dec 2025), HQ relocation (20 Feb 2026), a subsidiary and business acquisition (24 Feb 2026), officer changes (13 Mar 2026), a year-end dividend and forecast-vs-actual (15 May 2026), the Tokyo satellite (26 May 2026), and restricted-stock disposals (26 Jun, 16 Jul 2026). None has an English version on TDnet; the list shows no English titles. The English IR News 'Notice' tab's latest item is 17 Jul 2020. The Q3 English tanshin itself calls the 13 Feb 2026 revision notice 'Japanese version only'.
R4English disclosure free of machine-translation accuracy disclaimers5/5
We rendered the English homepage, IR top, Disclosure Policy, Disclaimer and Website Policy pages. None has a machine-translation notice, banner or pop-up; the Disclaimer covers accuracy and forward-looking statements generally, without mentioning translation. The English tanshin carry only human-translation language ('solely a translation ... for the convenience of readers'; the Q1 one says 'the original shall prevail'), which belongs to R5. Nothing presented as machine-translated, so 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The Q1 FY3/2027 English tanshin says 'In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.' The full-year FY3/2026, Q3 and Q2 English tanshin say only that they are 'solely a translation ... for the convenience of readers who prefer an English translation', with no prevail clause, and the IR Disclaimer page is silent on language. Disclaimed on some documents. 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 2026-10-12. Compare this question across companies →
Capital-policy review
Not scored. 1 action has been reviewed; a score out of 100 is published once 3 or more are. The ratings:
Each action is read against the company’s own filings on four checks: was the promise specific, can the steps be traced, were the economics explained, and did it report back against the target. This records the status of selected actions, not an assessment of the company as a whole. How this is scored →
Automation growth, capital allocation and ROIC plan
Strategy or target reset · In progress · Plan or update announced 30 May 2025
The original three-year plan is paired with FY2026/3 actuals and a higher FY2027/3 outlook; FY2028/3 remains a future endpoint.
Timeline and sources (1 step)
- 30 May 2025Plan or update announced The original three-year plan is paired with FY2026/3 actuals and a higher FY2027/3 outlook; FY2028/3 remains a future endpoint. FY2025 results and FY2026/3–FY2028/3 medium-term plan
What management said it would do
Original base-case FY2028/3 sales target is ¥50bn, with at least 9.3% ROE and 7.6% ROIC.
From the company’s own disclosure · FY2025 results and FY2026/3–FY2028/3 medium-term plan
What it actually did, and when
FY2026/3 sales were ¥42.412bn; the FY2027/3 forecast increased to ¥44bn versus ¥43.5bn in the original plan.
Partly disclosed — a gap remains · FY2025 results and FY2026/3–FY2028/3 medium-term plan · FY2026/3 financial results presentation · Corporate Governance Report, updated July 2, 2026
What it disclosed about the economics
Capital allocation and return metrics are disclosed, including negative EVA spread; this is not proof that every investment clears its hurdle.
Partly disclosed — a gap remains · FY2025 results and FY2026/3–FY2028/3 medium-term plan · FY2026/3 financial results presentation · Corporate Governance Report, updated July 2, 2026
What has happened since
Final FY2028/3 outcome is not due.
Partly disclosed — a gap remains · FY2025 results and FY2026/3–FY2028/3 medium-term plan · FY2026/3 financial results presentation · Corporate Governance Report, updated July 2, 2026
The question this leaves open
Investor question: Which investments can close the ROIC–WACC gap? IR preparation: reconcile approved and spent capital, utilization, margins and return definitions.
Our analysis, not a company statement
Balance sheet and capital-policy indicators
A source-backed first-pass capital-efficiency, balance-sheet and governance reading, separate from the accountability score.
Cash use and returns
The original plan allocates up to ¥5.5bn to equipment investment and up to ¥3bn to other investment, including M&A; FY2026/3 equipment investment was ¥1.212bn.
Capital structure
The original allocation permits interest-bearing debt as needed alongside operating cash flow and financial assets. A quantified debt ceiling is not verified in these selected pages.
Governance of capital decisions
The plan uses ROIC-led management and publishes WACC and EVA spread. FY2026/3 ROIC of 7.7% remained below the disclosed 8.8% WACC.
Preliminary and not scored: a selected-source reading, reviewed 1 October 2026. Surplus cash, leases, maturities, project ROIC, cost of capital, committed spend and peer comparability are not fully assessed; none enters the accountability score. Figures are the company’s own reported numbers; a large cash balance is not called excess without a defensible operating reserve and investment plan. Every company with a balance-sheet reading →
Changes to this record
No score on this page has changed since the change log started on 20 October 2026.
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.