TAZMO Co., Ltd.
Cite as: Japan IR Index, TAZMO Co., Ltd. (6266), 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.
G6 Shareholder vote results disclosed in English 0/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
R4 English disclosure free of machine-translation accuracy disclaimers 1/5 Quick fix
Have the English pages reviewed so that no machine-translation notice is needed.
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
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Machinery) | 76.4 | 31 of 39 |
| Same size band (Under ¥100bn) | 51.4 | 12 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, 22 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 English3/5
Consolidated Financial Results for the Six Months Ended June 30, 2026, 10 August 2026, the same day as the Japanese: the summary, the statements and the segment note are there, but not section 1 of the Japanese tanshin, the qualitative information on results, financial position and forecasts (Japanese pages 2-4). 8 English pages to 15 - and the English still tells the reader to 'refer to Appendix P.4 "1. Qualitative Information..."', a section that exists only in Japanese. Source document →
F2English results summary is a full translation, not an excerpt3/5
The latest English tanshin, Consolidated Financial Results for the Six Months Ended June 30, 2026 (10 Aug 2026), is 8 pages against the Japanese 2026年12月期 第2四半期（中間期）決算短信 at 15. The English has the summary pages, the balance sheet, income and comprehensive income statements, cash flows and the segment note. It drops section 1 of the Japanese, the qualitative information (results by segment, financial position and cash flows, and the forecast explanation, Japanese pp2-4). It also drops the other notes (going concern, shareholders' equity, special accounting treatment, subsequent events, and the BS, P&L and cash-flow notes) and the supplementary order data (受注状況). The English still points the reader to 'Appendix P.4 "1. Qualitative Information..."', which exists only in Japanese. The FY2025 tanshin (13 Feb 2026) is the same: 13 English pages against 20 Japanese, with no 経営成績等の概況, outlook or dividend-policy section. A section of the document's own substance is cut, so 3. Source document →
F3Financial statements including notes available in English3/5
Both the latest English tanshin (H1 FY2026, 10 Aug 2026) and the year-end one (FY2025, 13 Feb 2026) carry the full consolidated statements: balance sheet, income, comprehensive income, cash flows, plus changes in equity at the year end. Of the notes, they carry only the segment note. The FY2025 Japanese tanshin also has notes on going concern, significant accounting estimates, presentation changes, additional information, per-share information and subsequent events; the H1 one has seven notes besides segments. None of these is in English. There is no English yuho, annual report or financial section. So the statements are in English but the notes are not, apart from segments: 3. Source document →
F4Annual securities report available in English in any form0/5
The English IR Library carries financial results and presentations only. The Japanese library has the FY2025 有価証券報告書 and the 2026 half-year report; neither has an English counterpart under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are three reportable segments: Process Equipment, Precision Molding Dies and Plastic Moldings, and Surface Treatment Equipment. Every English tanshin gives sales (by product line inside Process Equipment), intersegment transfers and segment profit for each, with a reconciliation to operating profit. For H1 FY2026: Process Equipment ¥10,668m sales and ¥220m profit, Molds ¥563m and a ¥2m loss, Surface Treatment ¥1,452m and an ¥89m loss. The FY2025 note defines the segments and how segment profit is measured (operating profit; intersegment prices at market) and adds segment assets, depreciation and capex. The FY2026 change, which folds 'Coater' into Semiconductor equipment, is stated in the notes with restated comparatives. There is also an English 'Notice Concerning Changes in Reportable Segments' (13 Feb 2026), and the decks give conventional-basis tables. Every period, definitions stated, so 5. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
We found no Excel or CSV file anywhere on the English site. We checked the IR Information page, IR Library (all years 2021-2026), Stock and Shareholder Return, IR News and the disclaimer for xls/xlsx/csv/data links; every document is a PDF. Instead, the IR top has 'Financial Highlights' as HTML bar charts with five-year values (2021-2025, non-consolidated and consolidated tabs), and the decks have ten-year sales and profit charts. The Japanese library has no spreadsheet either.
F7Guidance disclosed in English with the basis explained5/5
The English tanshins give the FY2026 forecast: sales ¥35,500m, OP ¥3,600m, ordinary ¥3,500m, net ¥2,500m, EPS ¥170.65, dividend ¥34. The English tanshin drops the forecast explanation, but the English decks supply the basis. The FY2025 deck (13 Feb 2026, revised 23 Mar) gives the forecast by segment and by H2/full year (Process Equipment ¥29,700m sales and ¥3,400m OP, and so on), FY2026 capex, D&A and R&D, a cash-allocation plan, and a 'Business Environment' market view for each product area (advanced packaging, PLP, power semis, transfer, cleaning, PCB). The Q2 FY2026 deck sets actuals against the H1 and full-year estimates by segment, explains the shortfall and updates the market view. Revisions are explained in English: the 5 Aug 2026 notice gives the reasons for cutting the H1 forecast (acceptance delays, write-downs, cost provisions) and says the full year is unchanged; the 14 Nov 2025 notice did the same for FY2025. No FX assumption is given, but segment forecasts and a market view are, with revisions explained, so 5. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the six months to 30 June 2026 published 10 August 2026, the same period and day as the Japanese filing. Source document →
S1Medium-term management plan in English with numerical targets0/5
No medium-term plan in English. The English decks, CEO's Message and IR pages contain no plan or multi-year numerical targets, only single-year forecasts. The Japanese side has none either: there is no 中期経営計画 in the Japanese IR library, decks, greeting page or sitemap. The FY2025 Japanese deck's TCFD page only mentions building one ('事業戦略・中期計画の作成').
S2IR presentations published in English4/5
An English presentation for most quarters on the Japanese dates - Q2 FY2026 30 pages against the Japanese 30 - including the corrected FY2025 deck reissued on 23 March 2026. But the Japanese side also publishes briefing Q&A with no English counterpart (2026年12月期 第2四半期決算説明会 Q&A, 4 pp, 16 Sep 2026, https://tazmo.co.jp/wp/wp-content/uploads/2026/09/2026_2Q_QA-1.pdf; the FY2025 briefing Q&A, 4 Mar 2026), and the Q3 FY2025 deck (20 Nov 2025) has no English version. Decks without the Q&A the Japanese gets: 4 (was 5 on 12 Oct, which said the Japanese library had nothing further; re-checked 15 Oct 2026). Source document →
S3English equity-story or investment-highlights page4/5
The English IR site has no 'why invest' or investment-highlights page. The Q2 FY2026 English deck has a 'Company Overview and Business Conditions' appendix page (p22) that works as an at-a-glance. It shows 1,224 employees, 23 locations and 14 companies; FY2025 sales ¥35.42bn, OP ¥4.76bn, OPM 13.5%, ROE 14.0%; sales 78% semiconductor-related process equipment, 52% overseas (Taiwan 36%). The next pages tell the story with figures: the shift from FPD OEM to direct semiconductor sales, with shipment trends since 1980 (p23), and advanced-packaging equipment sales up about 8x from 2021 to 2025 against a 2.7x larger logic market (p24). It is specific and partly quantified, but it is an appendix overview rather than strengths framed for an investor. The floor is recorded: 4. Source document →
S4Growth drivers identified and quantified in English4/5
The English FY2025 deck (pp24-28) names the growth drivers. LAB (laser assisted bonder): first unit sold early 2026, expanding from MEMS to power and advanced packaging, with a 2025-2031 unit shipment-forecast chart and MEMS, SiC power and advanced-packaging market-forecast charts in $bn. DTB chip-to-wafer bonder: 2027 mass-production release with stated specs (<50nm accuracy, 1-775um chip thickness), a shipment forecast, a hybrid-bonding market forecast, and the chiplet/PIC market from ¥1tn to ¥8.56tn. Also PLP equipment and power-semiconductor capex. The Q2 FY2026 deck adds advanced-packaging sales up about 8x from 2021 to 2025. The drivers are named and partly quantified, but the numbers are mostly chart-read market sizes and unit curves. No driver's contribution to a sales or profit target is given, because there is no plan. So 4. Source document →
S5Results-briefing transcripts or Q&A published in English0/5
No English transcript or Q&A: the English IR Library and IR News carry tanshin, decks and notices only. The Japanese side does publish Q&A. 2026年12月期 第2四半期決算説明会 動画配信 (16 Sep 2026, tazmo.co.jp/ir/2026_2q/) links the Q&A PDF 2026_2Q_QA-1.pdf; '2025年12月期 決算説明会 動画配信および質疑応答' was posted 4 Mar 2026; and there is a 第54回定時株主総会 質疑応答 (27 Mar 2026). None has an English counterpart.
S6Integrated or annual report available in English0/5
No integrated or annual report in English. The Japanese side publishes a 年次報告書 (shareholder report, 54th term, March 2026) with no English counterpart.
S7Progress against the previous plan, including misses, explained in English0/5
There is no previous medium-term plan to reconcile in either language. Neither the English decks nor the Japanese library and decks contain a medium-term plan or a review of one; the decks reconcile only single-year forecasts (initial and revised estimates against actuals).
G1Corporate governance report available in English0/5
No corporate governance report and no governance section on the English site: IR TOPICS covers results, the library, stock and shareholder return and a disclaimer; ABOUT US covers the CEO message, principles, company info and locations.
G2Director biographies in English with tenure, expertise and independence5/5
The English Notice of the 54th AGM (4 Mar 2026), Proposals 2 and 3, covers all nine directors, which is the whole board after the meeting: Ikeda, Sato, Sone, Yoshikuni and Yamamoto (new), and the Audit and Supervisory Committee members Oka, Ishii, Yuki and Adachi (new). Each has a dated career history showing when they joined the board (e.g. Ikeda Director since Mar 1999, Sato since Mar 2016, Sone since Mar 2017). The notes give the outside directors' terms (Oka 6 years, Ishii 7, Yuki 2). Each has reasons for nomination describing expertise (CPA, attorney, tax accountant, manager). Independence is stated: four outside directors, three designated independent with the TSE and Adachi to be notified. Every director, with all three elements, so 5. Source document →
G3Board skills matrix published in English5/5
The English AGM notice (4 Mar 2026, p10) has a 'Skills Matrix for the Directors and Directors who are Audit and Supervisory Committee Members' for the board after the 24 Mar 2026 meeting. It covers all nine directors across seven areas (corporate management, semiconductor and FPD technology, R&D, sales and marketing, HR, accounting and finance, legal and compliance), with the outside and committee status marked. Current, complete, in English: 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English2/5
The English IR site has no corporate governance report, yuho or business report; the English AGM notice is the notice and reference documents only (10 pages against the Japanese 58). The only English remuneration text is in the timely notices on restricted share-based remuneration (13 Apr 2026, machine-translated). They describe the RS plan introduced in 2023 for the five executive directors, its purpose (link to performance and share value), the AGM cap (¥50m and 50,000 shares a year), this year's grant (9,272 shares, ¥23.9m) and a performance condition on lifting the restriction. Nothing in English sets out the whole pay structure (fixed, bonus, stock), the KPIs or total director pay. That is one component mentioned, not the structure, so 2. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 54th AGM in English on the Stock and Shareholder Return page, with the Reference Documents for all three proposals including each director candidate. It is dated 4 March 2026 for a meeting on 24 March - 20 days - and the English page gives no posting or electronic-provision date to show it went up earlier; the file itself is dated 25 February. About three weeks, not shown to be three; the floor is recorded. Source document →
G6Shareholder vote results disclosed in English0/5
The English Shareholders' Meeting section carries the notices only. The Japanese page publishes a 第54回定時株主総会決議ご通知 (notice of resolutions) with no English counterpart.
G7Cross-shareholdings in English with reduction schedule and rationale0/5
No English disclosure on cross-shareholdings. There is no English corporate governance report (principle 1-4), yuho or integrated report, and the English AGM notice and decks do not mention them. The balance sheet shows investment securities of only ¥26.6m (30 Jun 2026), but nothing in English states a policy or that the company holds none. The policy appears only in the Japanese filings.
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (tazmo.co.jp/en/) has 'IR TOPICS' in its visible header navigation, and it links straight to the English IR top, IR Information (/en/irlib/). The homepage also lists the latest IR TOPICS items. One click. Source document →
O2English document links resolve to English documents5/5
We sampled 20 English document links across types and years, and all were English documents. Tanshin: H1 FY2026, Q1 FY2026, FY2025, the FY2025 correction, Q3 FY2025, Q1 FY2023 (filed under a Japanese file name, 決算短信（英文）, but English inside) and Q2 FY2021. Decks: Q2 FY2026, Q1 FY2026, FY2025 and its revision, Q2 FY2025, FY2024, Q3 FY2024, revised FY2023, Q1 FY2022. AGM notices: 54th (2026), 53rd (2025), 51st (2023). Notices: 5 Aug 2026 forecast revision, 13 Apr 2026 RS disposal. Some library labels are wrong ('FY2026 Q2 Results (ended August 10, 2026)', 'Q1 ... ended March 15, 2026'), but the documents are right. All English, so 5. Source document →
O3English IR archive free of dead links5/5
We opened the same 20-document sample (see O2), from 2021 to Aug 2026, in the rendered browser. All loaded with text and none was dead. All live, so 5. Source document →
O4English IR pages render without blank JavaScript failures5/5
These English pages all rendered their content in the browser. IR Information: latest-results buttons, the Financial Highlights bar charts with five-year values and the non-consolidated/consolidated tabs, and the IR Calendar. IR Library: the year selector works for 2021-2026. Also Stock and Shareholder Return (stock data, dividend table, AGM notices by year), IR News (with year filter and pagination), Disclaimer, CEO's Message and the Investment Relations contact form. No blank lists or failed widgets. 5. Source document →
O5Single page listing all English IR documents by date and type3/5
The English documents are split across pages by type. The IR Library ('Earnings Release', one dated list per year with a 2021-2026 selector) holds only tanshin and decks. The AGM notices sit on Stock and Shareholder Return, under year tabs labelled by meeting rather than dated. Timely disclosures sit in the dated IR News list (news_en_cate/ir/), which also repeats some results items. There is no governance, report or other document type. Each list is dated, but there is no single page with every type, so 3. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The English IR Library runs from Q2 FY2021 (Aug 2021) to H1 FY2026 (Aug 2026), with the tanshin each period and decks for most. IR News has timely notices by year: 2021 (3), 2022 (7), 2023 (3), 2024 (14), 2025 (9), 2026 (15). AGM notices cover the 50th (2022), 51st (2023), 53rd (2025) and 54th (2026); the 52nd (2024) is missing. Several years across document types, so 5. Source document →
O7Named English IR contact published3/5
Named in the tanshin header - Hisao Yoshikuni, Managing Director, Head of Management Headquarters, +81-86-239-5000. The site has a dedicated 'Investment Relations' form (contact types: institutional investor, analyst / research firm), but it is reached only from the hover menu under the global CONTACT button; the Contact page itself lists product departments only, and no IR page links to the form. Genuine and dedicated, not obvious. Source document →
R1Earnings materials published in English simultaneously with Japanese4/5
Listing dates, English library against Japanese library. H1 FY2026: tanshin 10 Aug both, deck 10 Aug both. Q1 FY2026: tanshin 15 May both; deck 19 May both, though the English deck PDF was created 21 May, later than its listing. FY2025: tanshin and deck 13 Feb 2026 both. Q3 FY2025: tanshin 14 Nov 2025 both, but the Japanese deck (20 Nov 2025) has no English counterpart at all. H1 FY2025: 8 Aug both. Q1 FY2025: JA 14 May, EN 15 May (+1 day). FY2024: tanshin JA 14 Feb, EN 28 Feb 2025 (+14); deck JA 17 Feb, EN 28 Feb (+11). The current Q2 FY2026 English deck file is a re-upload created 15 Oct 2026; it is still listed 10 Aug. The tanshin is the same day in the last five periods, but one deck is missing and the earlier periods were late, so 4. Source document →
R2Median lag in days between Japanese and English statutory publication3/5
Per-document lags. H1 FY2026 tanshin: EN and JA both listed 10 Aug 2026 = 0. Q1 FY2026 tanshin: both 15 May 2026 = 0. AGM notice (54th): both dated 4 Mar 2026 with no posting date on either site; the Japanese PDF was created 17 Feb and the English 25 Feb, so about 8 days on creation dates. Corporate Governance Report: no English version, >90. Annual securities report FY2025 (JA posted 23 Mar 2026): no English version, >90. Sorted 0, 0, 8, >90, >90: the median is 8 days, so 3. The AGM lag rests on PDF creation dates; if both notices went up the same day the median would be 0. The floor is recorded. Source document →
R3Timely disclosures published in English5/5
The Japanese IR news for 15 Oct 2025 to 15 Oct 2026 has 10 disclosures beyond results and decks. They are: FY2025 forecast revision (14 Nov 2025); change in reportable segments and change of directors (13 Feb 2026); correction of the FY2025 tanshin and of the deck (23 Mar); executive officer changes (24 Mar); RS disposal (13 Apr) and its completion (12 May); H1 forecast revision (5 Aug); and capital increase of a subsidiary becoming a specified subsidiary (10 Aug). Every one is in the English IR News on the same date. Since 2024 none is marked '[Delayed]', as the 2024 items were. All, same day, so 5 (the notices are machine translations, which R4 scores). Source document →
R4English disclosure free of machine-translation accuracy disclaimers1/5
Core documents are disclaimed as machine translations. The English '(Correction: Revision of Numerical Data) Consolidated Financial Results for the Fiscal Year Ended December 31, 2025' (23 Mar 2026), a statutory tanshin correction, opens: 'This English document is translated using a machine translation... it may include inaccurate translations. It is your sole responsibility if you rely not on the Japanese original'. The timely disclosures carry the same disclaimer, including the 5 Aug 2026 forecast revision and the 13 Apr 2026 RS notice. The rendered HTML pages show no translation pop-up, and the regular tanshin and AGM notice say only 'the original shall prevail' (R5). A machine-translation disclaimer on a core statutory document is 1. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin and the AGM notice say 'the original shall prevail'. The results presentation carries no prevailing-language statement. 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 →
FY2026 advanced-packaging capacity and cash-allocation plan
Strategy or target reset · In progress · Plan announced 23 March 2026
TAZMO disclosed corrected FY2026 segment forecasts, capex, R&D and cash allocation for semiconductor-equipment growth.
Timeline and sources (1 step)
- 23 March 2026Plan announced TAZMO disclosed corrected FY2026 segment forecasts, capex, R&D and cash allocation for semiconductor-equipment growth. FY2025 Annual Results and FY2026 Plan, corrected
What management said it would do
Management forecasts ¥35.5bn sales and ¥3.6bn operating profit for FY2026.
From the company’s own disclosure · FY2025 Annual Results and FY2026 Plan, corrected
What it actually did, and when
TAZMO is investing in Okayama and Taiwan production and demonstration equipment; final results are pending.
Partly disclosed — a gap remains · FY2025 Annual Results and FY2026 Plan, corrected · Stock and Shareholder Return
What it disclosed about the economics
The plan specifies ¥7.0bn of capex and ¥1.2bn of R&D, funded through earnings, depreciation and borrowing.
Partly disclosed — a gap remains · FY2025 Annual Results and FY2026 Plan, corrected · Stock and Shareholder Return
What has happened since
The FY2026 outcome is not due.
Partly disclosed — a gap remains · FY2025 Annual Results and FY2026 Plan, corrected
The question this leaves open
Investor question: What utilization, orders and margins justify the FY2026 capex? IR preparation: publish project milestones, spend and returns.
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
TAZMO plans ¥7.0bn of FY2026 capex and ¥1.2bn of R&D, including production and demonstration equipment in Okayama and Taiwan.
Capital structure
The FY2026 cash plan combines internal cash generation, borrowing, capex, dividends and debt repayment; no medium-term leverage guardrail is disclosed in the selected sources.
Governance of capital decisions
The corrected presentation separates segment forecasts and cash uses, supporting future forecast-to-actual review.
Preliminary and not scored: a selected-source reading, reviewed 29 September 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.