Daifuku
Cite as: Japan IR Index, Daifuku (6383), 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.
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.
S5 Results-briefing transcripts or Q&A published in English 0/5 Translation
Publish the results-briefing Q&A summary in English, on the same day as the Japanese.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 18 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 (Machinery) | 76.4 | 5 of 39 |
| Same size band (Over ¥2tn) | 87.3 | 5 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, 31 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
Consolidated Financial Results for the First Half of the fiscal year ending December 2026, 6 August 2026, the same day as the Japanese: 25 pages with the qualitative information on results, the statements and the segment information. Every quarter back to FY2025 Q1 is in the English library. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
F2English results summary is a full translation, not an excerpt5/5
H1 FY2026 tanshin, 6 Aug 2026: the English 'Consolidated Financial Results for the First Half of the Fiscal Year Ending December 31, 2026' is 25 pages against the Japanese 2026年12月期 第2四半期（中間期）決算短信 at 21. The contents match item for item: the summary pages (results, dividends, forecast, notes on shares), 1. qualitative information (operating results with a narrative for every reportable segment and the 'Other' segment, financial position, outlook with the revised forecast and FX assumption), 2. the interim balance sheet, income and comprehensive income statement and cash flow statement, and the notes (going concern, material changes in shareholders' equity, changes in accounting policies, segment information with reconciliation, revenue recognition, major subsequent events). The Japanese side publishes no separate supplementary data. Whole tanshin, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
F3Financial statements including notes available in English5/5
The latest-period English tanshin (H1 FY2026, 6 Aug 2026) carries the full interim balance sheet, statement of income and comprehensive income, and cash flow statement, plus the notes: going concern, shareholders' equity, the change in accounting policy (lease standard, set out at length), segment information for both periods with reconciliation, revenue recognition by segment and region, and subsequent events. The FY2025 year-end tanshin (36 pp) adds the statement of changes in net assets and per-share information, and the English securities report (202 pp) carries the audited statements and full notes. Full statements and notes for the latest period, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
F4Annual securities report available in English in any form5/5
The whole Annual Securities Report for the fiscal year ended 31 December 2025 in English, 202 pages: overview of the company, overview of business, facilities, the company's shares and governance, the statements and the independent auditor's report. Posted 25 June 2026, three months after the Japanese filing, but the current year. English editions back to FY2021. Re-opened 23 Oct 2026; the September record scored 4. Source document →
F5Segment revenue and profit disclosed in English, consistent definitions5/5
Five reportable segments defined by group company (Daifuku, Contec, Daifuku North America, Clean Factomation, Daifuku (Suzhou) Cleanroom Automation) plus Other. Every English tanshin gives external and intersegment sales and segment income for each, with the reconciliation to the consolidated figure, for both periods (e.g. H1 FY2025 Daifuku sales 152,625m, segment income 34,025m), and the qualitative section narrates orders, sales and income for each segment. The year-end tanshin's 'Overview of reportable segments' states what each segment is and that segment income is net income attributable to owners; the Q4 FY2023 change (Suzhou moved out of Other) is disclosed. The deck adds orders and sales by business (Intralogistics, Cleanroom, Automotive, Airport). Every period, with definitions, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English5/5
The English Financial Highlights page embeds a Euroland tool whose 'Export all the data into an Excel' link (asia.tools.euroland.com/tools/IA/Excel/?companycode=jp-6383&lang=en-GB...&format=xls) returns Data.xls (BIFF .xls). We fetched and parsed it inside the rendered page. One English sheet, FY2020-FY2025 (six years): business performance (orders, net sales, operating income and margin, ordinary income, net income), financial position (total assets, net assets, shareholders' equity, equity ratio, interest-bearing debt, D/E), cash flows (operating, investing, financing, FCF), ROE/ROA, orders, sales and segment income by reportable segment, orders and sales by industry and by destination, service sales, capex/depreciation/R&D, per-share data (DPS, payout, EPS, BPS, price, PBR, PER) and non-financial data. The balance sheet and cash flow are key lines rather than full statements. Five years or more of P&L, BS, CF and per-share data plus segments, so 5. Re-opened 23 Oct 2026; the September record scored 0. Source document →
F7Guidance disclosed in English with the basis explained5/5
The year-end English tanshin (12 Feb 2026) gives the FY2026 forecast (orders 780-820bn as a range, sales 700bn, OP 105bn, ordinary 108.5bn, net 80bn) with the market view by industry (manufacturing/distribution automation, advanced-semiconductor investment, automotive, airports), the reason for the new range-based order forecast, and the 150 yen/USD assumption. The H1 tanshin and deck (6 Aug 2026) explain the upward revision to sales 735bn, OP 113bn, net 86.5bn: cleanroom backlog progress, earlier revenue recognition, production efficiency, and the FX assumption moved to 158 yen/USD worth +30bn orders, +24bn sales, +4bn OP. The deck tabulates initial vs revised vs prior year. FX and market view with explained revisions, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the six months to 30 June 2026 published 6 August 2026, the same period and day as the Japanese filing. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
S1Medium-term management plan in English with numerical targets4/5
Current plan: 'Driving Innovative Impact 2030' and the Four-Year Business Plan for 2027 (Apr 2024-Dec 2027). The English plan page tables the 2027 and 2030 targets, initial and updated (sales 800bn / 1tn; OPM 15.0% / 15.0%; OP 120bn / 150bn; ROE 17% / 17%), the 80bn strategic investment and the 35%+ payout target. The English revision deck (12 Feb 2026, 6 pp) matches the Japanese (6 pp) and was published the same day (TDnet 16:00 both). The original plan document is 25 pp in both languages, though the English (PDF created 3 Jun 2024) followed the Japanese (10 May 2024) by about three weeks. The May 2026 growth-investment deck is in English (8 pp, one day after the Japanese). As complete as the Japanese and current, so 5. Set to 4 in review, 16 Oct 2026: the plan's original English deck came about three weeks after the Japanese (the revision was same-day); complete but published late. Re-opened 23 Oct 2026; the September record scored 5. Source document →
S2IR presentations published in English5/5
An English earnings presentation for every quarter, same day as the Japanese (H1 FY2026: 22 pages). The Japanese results page lists only the tanshin and the 決算説明資料 per quarter, so the English reader misses nothing. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
S3English equity-story or investment-highlights page5/5
'Basic Information about DAIFUKU' (/ir/investors/) is an investor page in the English IR menu. Its 'Our Strength' section says Daifuku has been the world's No. 1 material-handling supplier by sales for the ninth straight year, with more than 70% of sales outside Japan. Re-checked 21 Oct 2026; the September index record scored this without a note. 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. A dedicated investor page with quantified strengths, so 5. Source document →
S4Growth drivers identified and quantified in English5/5
The drivers are named and given numbers. The English 2027 plan (25 pp) sets out market outlook and growth expectation by industry with the previous plan's sales CAGR (electronics 14.1%, airport 16.8%, commerce/retail/logistics 7.4%, manufacturing 4.9%, automotive 0.6%) and star-rated CAGR bands to 2027, plus strategies by business. The May 2026 'Investing for Growth to Reach 1 Trillion Yen in Sales by 2030' deck quantifies the investments: 160bn over FY2024-27 (80bn strategic), Shiga Works ~30bn more and Komaki ~10bn, Eisenmann ~12bn, doubling cleanroom production space, +30% intralogistics space, US capacity doubled and India quadrupled. Named drivers with numbers, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
S5Results-briefing transcripts or Q&A published in English0/5
Neither language publishes a transcript or Q&A. The Japanese results library (/jp/ir/library/results/) lists only the 決算短信 and 決算説明資料 for every period back to FY3/2022 and earlier, and the Japanese IR news has no 質疑応答 or 説明会 transcript; the English results library likewise has only the earnings announcement and presentation. Nothing on either side, so not_found. (Note from the October cohort record; the September record also found nothing. The English results library re-checked 23 Oct 2026: tanshin and decks only.)
S6Integrated or annual report available in English5/5
Daifuku Report 2026, 101 pages in English (July 2026), period covered fiscal 2025 (January-December 2025) - the latest closed year for a December year-end. Current and complete; the 178-page Sustainability Report 2026 sits alongside. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
S7Progress against the previous plan, including misses, explained in English5/5
The English 2027 plan document (May 2024) opens with 'Review of Value Transformation 2023 (April 2021-March 2024)': a chart of sales, operating margin and ROE through FY2023 against the plan targets (sales 540bn initially, raised to 600bn, actual 611.4bn; OPM target 10.5%, actual 10.2%; ROE target 10%+, 13.2%), with the variances explained (sales beat on e-commerce, semiconductors, EVs, air travel; margin fell just short on material and labour costs) and an outcome/next-challenges page. The Feb 2026 revision also sets FY2025 results against the 2027 targets. Target against actual with explanation, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
G1Corporate governance report available in English5/5
The Corporate Governance Report in English, 40 pages, 'Last update: April 10, 2026' - the post-AGM update for a December year-end company. Re-opened 23 Oct 2026; the September record scored 4. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English notice of the 110th AGM (March 2026, 78 pp) proposes all nine directors (every seat is up annually). Each has a dated career history (e.g. 'June 2023 Outside Director of Daifuku Co., Ltd.'), the outside directors' 'Period of service as Outside Director' (Franklin: two years and nine months), board attendance, shares held, concurrent posts and reasons for nomination, and the summary table marks each outside director 'Independent Officer', with the independence standards set out. Every director with tenure, career and independence, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
G3Board skills matrix published in English5/5
The English 110th AGM notice carries the 'Skill matrix of the Board of Directors after the conclusion of this ordinary general meeting', mapping all nine directors against independence and seven skills (corporate management, technology, finance/accounting, legal/risk, sales/marketing, global, ESG). The English governance page carries a skill matrix as well. Current matrix in English, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
G4Executive remuneration structure and its performance linkage explained in English5/5
The English AGM notice (pp. 49-53) sets out the structure: fixed basic pay, a bonus pool of 1.5% of consolidated net income ±0.06% for safety and CO2 indicators, split 50% basic and 50% performance (30% growth/margin, 20% qualitative), and BBT stock pay on annual net income/margin achievement and on the business plan targets (sales, OPM, ROE and ESG at 25% each, with the targets shown). FY2025 amounts by type: directors 799m in total, basic 334m, bonus 365m, BBT 99m (13 people; outside directors 83m); A&SB members separately. Structure, KPIs with weights and amounts by pay type, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
G5AGM notice in English with sufficient lead time to vote4/5
The English Notice of the 110th Ordinary General Meeting (78 pp, PDF created 4 March 2026) has the reference documents for every proposal; electronic provision began 5 March for a meeting on 27 March, 22 days ahead. The English notice names no voting website. The Japanese notice (110soukai_1.pdf, voting guidance page) names the agent's site, SMTB www.web54.net, which was opened on 23 Oct 2026 for the G5 voting-site check and has no English option. Re-opened 23 Oct 2026; the September record scored 3 without a note, and the October cohort record scored 5 without checking the voting site. Three weeks and full reference documents, but a Japanese-only voting route, so 4 (owner's G5 ruling, 23 Oct 2026). Source document →
G6Shareholder vote results disclosed in English0/5
daifuku.com/ir/stock/shareholders/ lists only AGM convocation notices (110soukai_1e.pdf back to 99soukai_1e.pdf); no vote tallies or resolution outcomes. The Japanese page for the same 110th period carries 決議ご通知 (110soukai_3.pdf) and 臨時報告書 (110soukai_4.pdf, the filing holding the tallies), neither with an English counterpart. Also absent from /ir/news/ and one external web search, checked 21 Sep 2026. The October cohort record found the same. Re-checked 23 Oct 2026: the English page still lists notices only.
G7Cross-shareholdings in English with reduction schedule and rationale3/5
In English: the securities report (FY2025) states the policy (keep holdings to the minimum necessary and reduce them; no new strategic holdings), the board's 29 Jan 2026 review, the FY2025 reduction (nine issues cut, four sold out, 5,705m proceeds), the count and amount (18 listed issues 6,669m, 5 unlisted 171m) and per-issue holding purposes. Daifuku Report 2026 (p. 92) charts the decline from 58 issues / 16,317m / 6.8% of net assets (2017) to 26 issues / 1.6% (2025). There is a reduction policy and documented progress, but no numerical reduction target or schedule, so 4 rather than 5. Set to 3 in review, 16 Oct 2026: policy, numbers and progress, but no reduction target or schedule; 4 needs a target. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (www.daifuku.com/) has an 'Investor Relations' block with a visible 'View Investor Relations' button linking straight to /ir/ (rendered and screenshotted). The 'Investors' global menu also lists Investor Relations. One click, so 5. Re-opened 23 Oct 2026; the September record scored 3. Source document →
O2English document links resolve to English documents5/5
We sampled 26 English document links across types and years. Tanshin FY2026Q2e, FY2026Q1e, FY2025Q4e, FY2025Q3e, FY2025Q2e. Decks FY2026Q2e, FY2026Q1e, FY2025Q4e, FY2025Q3e, FY2025Q2e. Securities reports SR25e and SR21e. Daifuku Reports 2026, 2022 and 2021. DAIFUKU PROFILE 2024. AGM notices 110th and 103rd (2019). CG report (10 Apr 2026), Basic Policy for Corporate Governance. Notices 20260806_01e (forecast revision) and 20220513_01e. Plans 20260212_midplan_e, 20240510_midplan_e and 20210205_midplan_e (VT2023). The growth-investment deck 20260529_01. Every one opened as an English document. All English, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
O3English IR archive free of dead links5/5
In the same sample of 26 links (2019-2026), every one resolved to a live PDF (3 to 202 pages). No dead links, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered the IR top, IR news (2026 and 2025), Financial Results library, Vision and Four-Year Business Plan, Value Transformation 2023, Basic Information about DAIFUKU, Financial Highlights, Stock Chart, Shareholders Meeting, Event Calendar and Disclaimer pages. Every list renders. The Euroland iframes render their content (stock quote, the share graph, and the financial highlights table with its exports). Every IR page renders its content, so 5. Re-opened 23 Oct 2026; the September record scored 3. Source document →
O5Single page listing all English IR documents by date and type4/5
The English library is split by type across pages: Financial Results, Securities Report, Daifuku Report, DAIFUKU PROFILE, plus the Shareholders Meeting and Corporate Governance pages. The Investor Relations News list (one page per year) dates nearly everything: results, decks, reports, the AGM notice, the securities report, forecast and dividend notices and M&A releases. It is untyped (every item is labelled 'Investor Relations'). It also leaves out a type: the CG report and the personnel notices, which sit on the corporate news list instead. A dated all-types news list, untyped and missing a type, is 4. Re-opened 23 Oct 2026; the September record scored 5. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is deep. Tanshin and decks for every quarter from FY2008 to H1 FY2026. Securities reports FY2021-FY2025. Daifuku Reports 2021-2026. PROFILE 2024-2026. AGM notices from the 99th (2015) to the 110th (2026). IR news by year 2017-2026. The previous plans are archived too. Several years across types, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
O7Named English IR contact published3/5
The site-wide Contact Us page has a form for 'Media, Investor Relations, and Others' - investor relations named, but shared with media, sustainability and other inquiries - and the IR section's only contact link is the global 'Contact Us'. A genuine route, not a dedicated IR contact. (The original Q4 run scored Daifuku O7 at 2 on a filing-header contact alone; this form is the route that score did not find.) Re-opened 23 Oct 2026; the September record scored 2. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
Latest two results. H1 FY2026: Japanese and English tanshin and deck all on TDnet at 15:30 on 6 Aug 2026, with the English listed on the English IR news that day (PDFs created 6 Aug). Q1 FY2026: both languages on TDnet at 15:30 on 14 May 2026. Earlier periods are also same-day: FY2025 on 12 Feb 2026 (English tanshin 16:06 against Japanese 16:00) and Q3 FY2025 on 11 Nov 2025. One exception, more than a year back: for H1 FY2025 (7 Aug 2025) TDnet carried only an English 'Summary of Consolidated Financial Results', and the full English tanshin PDF was created on 8 Aug, a day late. The FY2025 Q3 and Q4 English deck PDFs now show 12 May 2026 creation dates, which are re-uploads; TDnet shows both decks same-day. Tanshin and deck same day in every recent period, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Lags, English against Japanese, from the IR news lists and TDnet (kabutan). H1 FY2026 tanshin: 6 Aug / 6 Aug = 0. Q1 FY2026 tanshin: 14 May / 14 May = 0. 110th AGM notice: 5 Mar / 5 Mar 2026 = 0 (TDnet 08:00 both). Corporate Governance Report: 10 Apr / 10 Apr 2026 = 0 (TDnet 14:00 Japanese, 14:05 English). Securities report: Japanese 24 Mar 2026, English 25 Jun 2026 = 93. Sorted 0, 0, 0, 0, 93: the median is 0, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
R3Timely disclosures published in English5/5
We read the TDnet list on kabutan, 15 Oct 2025 to 15 Oct 2026. Besides results, AGM papers, the CG report and 独立役員届出書 filings, the Japanese timely disclosures are listed below, and every one has a same-day English version on the company's English site. Outside director's death and resignation (21 Oct 2025): English corporate news. Management changes and changes in representative directors' duties (11 Nov 2025): English corporate news. Forecast and dividend revisions (11 Nov 2025, 6 Aug 2026): IR news. Non-consolidated variance, dividend increase, CB conversion price adjustments and the plan update (12 Feb 2026, and the CB adjustment again on 6 Aug): IR news. Eisenmann acquisition (17 Apr) and completion (2 Jul 2026): IR news. Outside A&SB member's resignation (27 May 2026): English corporate news. All are on TDnet in English at the same minute. All same day, so 5. (Note from the October cohort record; the September record gave the same score without a note. Re-read 23 Oct 2026.) Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
We rendered the English homepage, IR top, IR disclaimer, governance page, shareholders page and Site Policy, and searched the visible text. The only translation notice is the Site Policy's 'Machine Translation Use on the Daifuku Website'. It says machine translation is used 'for pages other than Japanese and English', so it does not cover the English site. There is no pop-up or banner. The IR disclaimer covers forward-looking statements only. The documents carry only human-translation precedence lines ('the original shall prevail'), which are R5. Nothing in English is presented as machine-translated, so 5. Re-opened 23 Oct 2026; the September record scored 4. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin, the securities report and the AGM notice say 'the original shall prevail'. The earnings presentation, the Corporate Governance Report and the Daifuku Report carry no such statement. Disclaimed on some documents. Re-opened 23 Oct 2026; the September record scored 1. 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
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 →
Four-Year Business Plan for 2027 and 2026 target update
Strategy or target reset · In progress · Plan announced 15 May 2024
Daifuku set an ¥80bn strategic-investment allowance, reported first-year progress and raised FY2027 operating-profit and ROE targets in February 2026.
Timeline and sources (3 steps)
- 15 May 2024Plan announced Daifuku launched its four-year plan with a strategic-investment allowance. Vision and Four-Year Business Plan for 2027
- 31 December 2024 · announced 15 May 2025First-year progress reported Daifuku reported strong progress and a ¥10bn treasury-share purchase. Progress of Four-Year Business Plan for 2027
- 12 February 2026Targets raised FY2027 operating income and ROE were raised to ¥120bn and 17%. Vision and Four-Year Business Plan for 2027
What management said it would do
Daifuku targets FY2027 operating income of ¥120bn and ROE of 17% with an ¥80bn strategic-investment allowance.
From the company’s own disclosure · Vision and Four-Year Business Plan for 2027
What it actually did, and when
It reported first-year progress, a ¥10bn treasury-share purchase and raised its targets in February 2026.
Partly disclosed — a gap remains · Vision and Four-Year Business Plan for 2027 · Progress of Four-Year Business Plan for 2027
What it disclosed about the economics
Management links ROIC, investment guidelines, financial strength, debt discipline and at least 35% payout.
Partly disclosed — a gap remains · Vision and Four-Year Business Plan for 2027
What has happened since
The FY2027 outcome is not due.
Partly disclosed — a gap remains · Vision and Four-Year Business Plan for 2027
The question this leaves open
Investor question: Which strategic investments support the target upgrade? IR preparation: publish capital and return attribution by project.
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
Daifuku set an ¥80bn strategic-investment allowance and later raised FY2027 profit and ROE targets.
Capital structure
The policy seeks at least 50% equity-to-assets and an A-or-higher rating while allowing debt under discipline.
Governance of capital decisions
Daifuku uses ROIC analysis, investment guidelines and management remuneration tied partly to plan metrics.
Preliminary and not scored: a selected-source reading, reviewed 28 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
- Research error 23 October 2026 · F4: 4 → 5. The whole FY2025 annual securities report is in English (202 pp), with the independent auditor's report.
- Research error 23 October 2026 · F6: 0 → 5. The English Financial Highlights page has an Excel export of six years of data (FY2020-25); the September record looked only at the results library.
- Research error 23 October 2026 · F7: 4 → 5. The forecast comes with the market view, the FX assumption (150, then 158 yen/USD) and explained revisions in English.
- Research error 23 October 2026 · S1: 5 → 4. The plan is complete in English, but its original deck followed the Japanese by about three weeks.
- Research error 23 October 2026 · S4: 4 → 5. Growth drivers are named with numbers: CAGR by industry and the quantified 2030 growth investments.
- Research error 23 October 2026 · S7: 4 → 5. The English 2027 plan opens with a review of Value Transformation 2023, target against actual, with the variances explained.
- Research error 23 October 2026 · G1: 4 → 5. The Corporate Governance Report is in English, last updated 10 April 2026.
- Research error 23 October 2026 · G5: 3 → 4. The English AGM notice came 22 days ahead with every proposal's documents, but the voting site (SMTB web54.net) is Japanese-only.
- Research error 23 October 2026 · O1: 3 → 5. The English homepage links straight to the IR top ('View Investor Relations'): one click.
- Research error 23 October 2026 · O3: 4 → 5. A sample of 26 English links (2019-2026) all opened; no dead links.
- Research error 23 October 2026 · O4: 3 → 5. Every English IR page rendered its content, including the Euroland stock and highlights tools.
- Research error 23 October 2026 · O5: 5 → 4. The dated IR news list is untyped and leaves out the governance report and personnel notices.
- Research error 23 October 2026 · O7: 2 → 3. The site-wide contact form has an 'Investor Relations' category: a genuine route, but not a dedicated IR contact.
- Research error 23 October 2026 · R1: 4 → 5. The English tanshin and deck were on TDnet at the same minute as the Japanese in each recent period.
- Research error 23 October 2026 · R2: 4 → 5. Lags 0, 0, 0, 0 and 93 days (securities report): median 0.
- Research error 23 October 2026 · R4: 4 → 5. The site's machine-translation notice covers languages other than Japanese and English only; nothing in English is machine-translated.
- Research error 23 October 2026 · R5: 1 → 2. The prevailing-language line is on the tanshin, securities report and AGM notice, but not on the deck, CG report or Daifuku Report.
- Research error 21 October 2026 · S3: 4 → 5. The English investor page 'Basic Information about DAIFUKU' says Daifuku has been the world's No. 1 material-handling supplier by sales for nine straight years. The September record had no note.
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.