SMC
Cite as: Japan IR Index, SMC (6273), 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 2/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
S7 Progress against the previous plan, including misses, explained in English 0/5 Translation
Set the previous plan's targets against the results in English, and explain the misses.
S1 Medium-term management plan in English with numerical targets 3/5 Translation
Publish the medium-term plan, with its numerical targets, in English.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 17 answers corrected after re-checks (research errors) on 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 (Machinery) | 76.4 | 16 of 39 |
| Same size band (Over ¥2tn) | 87.3 | 9 of 10 |
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, 30 scored 3 or more and 2 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 the English Earnings Reports list on the Japanese date (Q1 FY3/2027 7 Aug 2026, FY3/2026 14 May, Q3 12 Feb, Q2 13 Nov 2025), each a whole translation with the 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 ('Reference Translation', 7 Aug 2026, 9 pp against 10 in Japanese) carries the summary pages, the qualitative section (results, financial position, forecast), the balance sheet and income statements, and every note in the Japanese contents list: scope, quarterly accounting, segment information (single segment), shareholders' equity, going concern and cash flows, plus the supplementary sales by region, capex, FX rates and headcount. The FY3/2026 tanshin (14 May 2026, 16 pp against 15) is whole too. The whole tanshin, 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 statements of income and comprehensive income with the notes (pp.3-8); as in Japanese, no quarterly cash-flow statement is prepared. The FY3/2026 English tanshin adds changes in equity, cash flows and notes on segments, per-share data and subsequent events. 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 form3/5
No annual securities report in English under any name (English IR Library: Earnings Reports, Presentations, Annual Report, Sustainability Report; IR News 2025-26). The nearest is Annual Report 2026 (12 pp, 11 Sep 2026): highlights, management's discussion and analysis, and the consolidated balance sheet, income, changes-in-equity and cash-flow statements for FY3/2026, without notes; it says the auditor's report was issued in Japanese. Financial statements only, the cohort convention for financial-section documents, so 3. Re-opened 23 Oct 2026; the September record scored 0 without a note. Source document →
F5Segment revenue and profit disclosed in English, consistent definitions5/5
SMC has one segment (automatic control equipment) and says so in every English tanshin ('composed of a single business segment ... segment information is thereby omitted'). In its place every English tanshin gives net sales by customer location (Japan, U.S., China, other Asia, Europe, other) and by group-company location, every quarter. Single segment stated in English with sales by region every period, as Santen (4536), 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 Indicators page (indicato.html) is HTML tables of operating results, financial position, cash flows and dividends; the rendered page has no Excel, CSV or download link, and the IR Library holds PDFs only. 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 (net sales ¥1tn, OP ¥219bn, ordinary ¥239bn, net ¥170bn) with its FX assumptions (US$ ¥155, € ¥183, CNY ¥22.70) and a market view by industry (semiconductor, hybrid vehicles, machine tools, food machinery, medical). The English deck (p.2) repeats it with the drivers of the profit change. The Q1 tanshin states the forecast is unchanged. Forecast with FX and market view, 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 7 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
SMC publishes no medium-term plan with a period and a set of targets in either language. The English FY3/2026 deck has 'Mid-Long term Priority Measures' (qualitative) and a 'medium-term target of 1 trillion yen in sales', now the FY3/2027 forecast, plus single-year capex, sales-staff and product sales plans. The Japanese deck is the same. A medium-term number without a plan period or other targets, as Tsugami (6101), so 3. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
S2IR presentations published in English5/5
An English deck for every quarterly briefing on the Japanese date (Q1 FY3/2027 7 Aug 2026, FY3/2026 14 May), and an English transcript for each, as the Japanese side has (see S5). Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
S3English equity-story or investment-highlights page5/5
The English Integrated Report 2025 (50 pp, Feb 2026) has an 'At a Glance' spread (p.9): net sales ¥792.1bn, about 80% overseas, a 36% global market share in pneumatic instruments, 700,000 product variations, customers and sales offices in over 80 countries; the cover story is 'Aiming to Be the World's No. 1'. Under the S3 reading applied to the cohort on 21 Oct, a section in an investor document counts and a named market share is a quantified strength, so 5. Re-opened 23 Oct 2026; the September record scored 3 without a note. Source document →
S4Growth drivers identified and quantified in English4/5
The English FY3/2026 deck names the drivers: semiconductor recovery, hybrid-vehicle demand, automation in Greater China, more direct sales staff (about +2,000 globally, with an actual-and-plan chart), distributor channels, energy-saving and non-pneumatic products (temperature-control sales plan ¥73bn FY3/2027 and ¥100bn FY3/2028), and capex of ¥100bn. Some are quantified, but none is sized as a contribution to the ¥1tn target or by market size. Named, some quantified, so 4. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
S5Results-briefing transcripts or Q&A published in English5/5
An English transcript for every briefing: Q1 FY3/2027 (17 Aug 2026, same day as the Japanese 書き起こし), FY3/2026 (19 May, Japanese 18 May), Q3 (17 Feb, Japanese 16 Feb), Q2 (18 Nov 2025, same day), Q1 FY3/2026 (19 Aug 2025, same day). Every briefing, at most a day behind, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
S6Integrated or annual report available in English5/5
Annual Report 2026 (12 pp, 11 Sep 2026, the same day and size as the Japanese ANNUAL REPORT 2026) covers FY3/2026, the latest closed year; the 50-page English Integrated Report 2025 was posted 27 Feb 2026. The current edition, complete against the Japanese, so 5. 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 English0/5
There is no previous medium-term plan in either language, so there is nothing to reconcile (see S1). The English FY3/2026 deck sets the year's results against the year's own forecast (net sales ¥842.5bn against ¥816.0bn, capex ¥150.2bn against ¥180.0bn), a single-year plan against actual, which the cohort does not count (RORZE 6323, MISUMI 9962). not_found. Re-opened 23 Oct 2026; the September record scored 4 without a note.
G1Corporate governance report available in English3/5
No Corporate Governance Report in English: the Japanese report (updated 27 Jul and 3 Sep 2026) is in the Japanese IR news only, and the English governance page and IR News carry no English version. The English Corporate Governance page is a site narrative (committees, board, skills matrix, pay policy, audit). A narrative in place of the filing, so 3. 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
The English 2026 AGM notice profiles every candidate, which is the whole board after the move to an Audit and Supervisory Committee: years served as director (e.g. 32 years, 5 years), board attendance, career history and concurrent posts, reasons for selection, and the outside directors' independence; the governance page gives the independence criteria. Every director with all three elements, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
G3Board skills matrix published in English5/5
The English Corporate Governance page has the current skills matrix: all 14 directors after the June 2026 AGM, including the three Audit and Supervisory Committee members, against nine skills (corporate management, technology development, sales & marketing, SCM, finance/accounting, legal/risk, IR, ESG/SDGs, internationalism). Current, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
G4Executive remuneration structure and its performance linkage explained in English5/5
The English governance page sets out the structure (basic pay; performance-linked pay split into cash bonus, stock compensation and stock options; outside and committee directors basic pay only), the KPI (the pool is consolidated operating profit times the operating-margin achievement coefficient times a position coefficient, a single measure under v1.1.1) and FY3/2026 amounts by type (directors excluding outside: ¥570m = basic ¥334m, performance-linked ¥45m, stock ¥190m). So 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
G5AGM notice in English with sufficient lead time to vote3/5
The English Notice of Convocation of the 2026 AGM (92 pp, every proposal's reference documents) was created on 15 June and listed on 16 June 2026 for a meeting on 26 June: ten days. The Japanese notice was out by late May (correction notices from 28 May). The voting route is SMTB's Japanese-only site (G5 sweep, 23 Oct). Under two weeks, so 3. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
G6Shareholder vote results disclosed in English2/5
The English Notice of Resolution of the 67th AGM (26 Jun 2026) says each item 'was approved as presented', with no counts or ratios. The vote tallies are in the Japanese 臨時報告書（議決権行使結果） (29 Jun 2026), which has no English version. Outcome only, so 2. Re-opened 23 Oct 2026; the September record scored 5 without a note. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English 2026 AGM notice has a cross-shareholdings section (pp.57-58): the holding policy, the Finance & Accounting Division's verification against the cost of equity, a policy 'basically to reduce', annual board review, and a chart of listed holdings from 20 issues / ¥13.3bn (March 2022) to 15 issues / ¥11.5bn, 0.55% of net assets (March 2026). No reduction target or schedule. The September record looked only at the governance page. Policy, numbers and progress without a target, so 3. Re-opened 23 Oct 2026; the September record scored 0 without a note. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (smcworld.com/en-jp/) links straight to the IR top ('IR Information' in the footer, and the latest IR News items link into /ir/en-jp/). One click, so 5. 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 16 English document links across types and years: tanshin Q1 FY3/2027, FY3/2026, Q2 FY3/2026, FY3/2024; deck and transcript FY3/2026; AGM notices 2026 and 2024; notices of resolution 2026 and 2022; Annual Reports 2026, 2025, 2022, 2017; Integrated Reports 2025 and 2024. All opened as English documents. 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 same 16 links (2017-2026) all returned live PDFs. 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
Rendered in the browser: IR top, IR News (year selector), Earnings Reports, Presentations, Annual Report, General Meeting of Shareholders, Corporate Governance, Financial Indicators, IR Contact and Disclaimer. Every script-loaded list populated; nothing blank. 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 type4/5
The English IR News is one dated list by year (2007-2026) covering results, decks, transcripts, AGM papers, reports and timely disclosures, but the entries carry no type and there is no type filter (the Japanese list has 適時開示/決算短信/法定開示/IR資料 filters). The governance report is missing from it, having no English version. One dated list, untyped, so 4. Re-opened 23 Oct 2026; the September record scored 5 without a note. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The English archive is deep: earnings reports and presentations by fiscal year back to FY2007, annual reports from 2017, AGM notices and resolutions from FY2006, IR News by year from 2007. 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 published4/5
'IR Contact' is in the header of every English IR page, IR top included, and opens a dedicated IR enquiry form (Corporate Communications office). Dedicated and immediately obvious, so 4 (O7 is capped at 4). 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 lists give the same dates for every period: Q1 FY3/2027 tanshin and deck 7 Aug 2026 in both; FY3/2026 14 May 2026; Q3 12 Feb 2026; Q2 13 Nov 2025. Tanshin and deck the 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 publication3/5
Lags, English against Japanese, from the two IR lists. Q1 FY3/2027 tanshin: 7 Aug / 7 Aug = 0. FY3/2026 tanshin: 14 May / 14 May = 0. AGM notice: Japanese out by late May (first correction notice 28 May), English 16 Jun = about 20 days. Corporate Governance Report: no English, over 90. Securities report (26 Jun 2026): no English, over 90. Sorted 0, 0, ~20, >90, >90: median about 20 days, so 3. Re-opened 23 Oct 2026; the September record scored 4 without a note. Source document →
R3Timely disclosures published in English5/5
Compared the Japanese 適時開示 list (Oct 2025-Oct 2026) with the English IR News: buyback status and completion notices (1 Oct, 4 Nov, 1 Dec, 4 Dec 2025; 1 Jun, 2 Jul, 3 Aug, 1 Sep, 10 Sep 2026), subsidiary dividend (26 Mar), Tianjin factory fire (27 Mar), buyback decision, board changes and the move to an Audit and Supervisory Committee (14 May), performance-linked pay revision and investment-unit policy (27 May), share-plan contribution and employee share trust (7 Aug). Every one has a same-day English notice. All, same day, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
The English IR Disclaimer covers investment, accuracy and forward-looking statements only; no machine-translation notice on the rendered English pages, and the documents carry only reference-translation labels (R5). Nothing presented as machine-translated, so 5. Checked 23 Oct 2026; the September record gave the same score without a note. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The English tanshin are headed 'Reference Translation' and the notices of resolution '(Translation for Reference Purpose Only)'; the AGM notice, decks, transcripts, Annual Report and Integrated Report carry no such statement. Subordinated on some documents, so 2. Checked 23 Oct 2026; the September record gave the same score 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 and supplementary data included.
- Research error 23 October 2026 · F3: 4 → 5. Full statements with notes are in English for the latest quarter and the year end.
- Research error 23 October 2026 · F4: 0 → 3. No English securities report; Annual Report 2026 carries the consolidated statements and MD&A only.
- Research error 23 October 2026 · F5: 3 → 5. SMC is a single segment and says so in English, with sales by region every quarter.
- Research error 23 October 2026 · F7: 4 → 5. The forecast comes with FX assumptions and a market view by industry in English.
- Research error 23 October 2026 · S1: 4 → 3. No medium-term plan: one medium-term sales target and qualitative priority measures, the same in both languages.
- Research error 23 October 2026 · S3: 3 → 5. The English Integrated Report's 'At a Glance' quantifies the strengths, including a 36% global share.
- Research error 23 October 2026 · S7: 4 → 0. No previous medium-term plan exists to reconcile; the deck compares only the year with its own forecast.
- Research error 23 October 2026 · G1: 4 → 3. No English Corporate Governance Report; the English site has a governance narrative only.
- Research error 23 October 2026 · G5: 4 → 3. The English AGM notice was posted on 16 June for a meeting on 26 June: ten days.
- Research error 23 October 2026 · G6: 5 → 2. The English notice of resolutions says only that each item was approved; the tallies are in Japanese only.
- Research error 23 October 2026 · G7: 0 → 3. The English AGM notice gives the cross-shareholding policy and five years of holdings; no reduction target.
- Research error 23 October 2026 · O5: 5 → 4. The English IR News lists every document by date, but without types or a type filter.
- Research error 23 October 2026 · O7: 3 → 4. A dedicated IR enquiry form is linked from the header of every English IR page.
- Research error 23 October 2026 · R1: 4 → 5. The English tanshin and deck were posted the same day as the Japanese in every period.
- Research error 23 October 2026 · R2: 4 → 3. Lags 0, 0, about 20 and two documents never in English: median about 20 days.
- 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.
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.