Samco Inc.
Cite as: Japan IR Index, Samco Inc. (6387), 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.
O4 English IR pages render without blank JavaScript failures 3/5 Quick fix
Fix or replace the English page elements that load empty (lists, widgets, embedded frames).
R4 English disclosure free of machine-translation accuracy disclaimers 3/5 Quick fix
Have the English pages reviewed so that no machine-translation notice is needed.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 1 answer 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 | 32 of 39 |
| Same size band (Under ¥100bn) | 51.4 | 14 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, 23 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
Periods: every period of the year ended July 2026 has an English tanshin on the English Disclosures page, listed the same day as the Japanese (Q1 11 December 2025, half-year 12 March 2026, nine-month 12 June, full-year 14 September). Completeness: the English is 'translated from a part of the Japanese original' - the full year runs 11 pages against 17, with the statements and the segment/product note but without section 1, the overview of results (and its outlook), and the quarterlies are cut the same way. A content cut: 3. (Reason corrected 16 Oct 2026; the 12 Oct version said Q1 and the half-year had no English.) Source document →
F2English results summary is a full translation, not an excerpt3/5
FY7/2026 tanshin, 14 Sep 2026. The English 'Non-consolidated Financial Results for the Fiscal Year Ended July 31, 2026' is 11 pages; the Japanese 2026年7月期 決算短信 is 17. The English opens 'translated from a part of the Japanese original'. It keeps the summary pages (results, financial position, cash flows, dividends, FY7/2027 forecast, notes), the balance sheet, income statement, changes in equity, cash flow statement and the segment/related-information note. It drops the whole of the Japanese 添付資料 section 1, 経営成績等の概況 (results analysis with sales by application and product, outlook, ¥155/$ FX assumption, financial position, cash-flow analysis, dividend policy), section 2 on the choice of accounting standards, the going-concern, equity-method, per-share and subsequent-events notes, and section 4 (officer changes, production, orders and backlog by product). The English summary still refers the reader to the untranslated 'Appendix 2, 1. Summary of Business Results'. The quarterlies are cut the same way (Q1 7 pp, H1 8 pp, Q3 8 pp in English). The qualitative review is cut, so 3. Source document →
F3Financial statements including notes available in English4/5
The latest English tanshin (FY7/2026, 14 Sep 2026) carries the full non-consolidated statements: balance sheet, statement of income, statement of changes in equity and statement of cash flows. It also carries the substantive note, the segment note: single segment stated, sales by product (CVD, etching, cleaning, parts & maintenance), by region, and the major customer (Skyworks Filter Solutions Japan, ¥1,083m). The quarterly English tanshin (Q1, H1, Q3) also have full statements and the segment note. Against the Japanese, the English drops the going-concern, equity-method, per-share (calculation basis) and subsequent-events notes. All are 'none' items except the per-share basis, and EPS and average shares are in the English summary. There is no English yuho or annual report. The statements are whole but the notes are trimmed, which falls between 5 and 4, so the floor: 4. Source document →
F4Annual securities report available in English in any form0/5
The English IR library holds disclosures and fact sheets only. The Japanese library's 有価証券報告書 (46th term) and 半期報告書 have no English counterpart.
F5Segment revenue and profit disclosed in English, consistent definitions3/5
Samco is a single segment (semiconductor and electronic-component manufacturing equipment), and the English tanshin says so. Sales by product line come only at the year end, in the FY English tanshin's related-information note: CVD ¥1,440m, etching ¥7,005m, cleaning ¥832m, parts & maintenance ¥1,523m (FY7/2026), with prior year and regional sales. The English quarterly tanshin (Q1, H1, Q3) just say the segment note is 'omitted'. The Japanese quarterlies give product sales in the qualitative section, which the English drops. There is no profit by line in either language and no English deck. Single segment, sales by business line at the year end only, so 3. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
No downloadable spreadsheet. The English IR Library's Fact Sheet page lists 'Financial Fact Sheet' 2013-2025. Each is a one-page bilingual PDF (exported from an .xls, per the PDF title 'ファクトシート2020.xls'). The 2025 sheet has five years of P&L lines, capex, D&A, R&D, total and net assets, employees and per-share/stock data. The English 'Financial Highlights' page is five rendered bar charts (FY7/2021-FY7/2025, Japanese axis labels). Neither offers a file to download. No .xls/.xlsx/.csv link anywhere on the English IR pages, so 0.
F7Guidance disclosed in English with the basis explained3/5
The English FY7/2026 tanshin (14 Sep 2026) gives the FY7/2027 forecast, H1 and full year: sales ¥14,500m, OP ¥3,880m, ordinary ¥3,840m, net ¥2,740m, EPS ¥341.12, dividend ¥75. For the assumptions it refers to 'Appendix 2, 1. Summary of Business Results', which is not translated. The order backlog (¥11,457m, +123.6%), the demand view (AI data-centre optical, compound semis) and the ¥155/US$ FX assumption are only in the Japanese. The one revision in the year has an English notice (12 Jun 2026, machine-translated) with previous vs revised figures and a short reason (pricing discipline, utilisation, record sales). No deck in English. Numbers and an explained revision, but none of the forecast's basis, so 3. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English full-year results for the year ended 31 July 2026 published 14 September 2026, the same period and day as the Japanese filing. Source document →
S1Medium-term management plan in English with numerical targets2/5
The Japanese side has a current Medium-Term Management Plan for FY47-FY49 (Aug 2025-Jul 2028). Its key metrics are revised upward in the Japanese FY7/2026 決算説明会 deck (83 pp, pp.30-34 '中期経営計画 重要指標（見直し後）', '目標を上方修正'). The Japanese tanshin also lists its six priorities. In English the plan appears only by name, as a dialogue theme on 'Engagement with Shareholders and Investors' ('New Medium-Term Management Plan (FY47-FY49)'). There are no targets, and the English tanshin drops the section that names the priorities. Named, no numbers, so 2. Source document →
S2IR presentations published in English0/5
No results presentation in English. The Japanese IR news posts a 決算説明会資料 for the full year (15 September 2026) and half year, and a 決算説明概要 for Q1 and Q3; none appears in English.
S3English equity-story or investment-highlights page4/5
The English IR section has a dedicated 'Business Model' page under 'Corporate Governance and Business Model'. It makes the case: a niche focus on compound semiconductors (GaN, GaAs, SiC) with high barriers to entry, a global footprint with about 40% of revenue overseas, a shift to production equipment (now over 50% of revenue), the Cluster H tool (2021), a fab-lite high-value-added model, and a debt-free balance sheet with a 75.3% equity ratio, stated as of 31 July 2023, which is stale. 'Product Portfolio' and 'DLC Coating Technology' pages support it. It is investor-facing and specific, but mostly qualitative, with a few dated figures and no 'why invest' or at-a-glance set of numbers. 4. Source document →
S4Growth drivers identified and quantified in English3/5
English names the drivers: compound semiconductors (GaN, GaAs, SiC), the shift to production equipment, overseas expansion and the cluster tool (Business Model page). The engagement page adds AI-semiconductor demand, ALE and cryogenic ICP etching. The only numbers are context: overseas about 40% of revenue, production use over 50%. There is no market size, share, capacity or contribution to a target. The quantified view (sales by application, backlog by product, AI data-centre optical demand, MTP metrics) is in the Japanese tanshin section 1 and the Japanese deck. Named, mostly qualitative, so 3. Source document →
S5Results-briefing transcripts or Q&A published in English0/5
Neither language publishes one. The Japanese 決算 library (令和8年7月期) has only decks and summaries: the 第47期 決算説明会 deck (15 Sep 2026), 中間期決算説明会 (12 Mar 2026), and the 第1/第3四半期決算概要 (11 Dec 2025, 12 Jun 2026). There is no transcript or Q&A. The English library has no briefing material at all, and its 'Latest Presentation' link returns 403. Not found in either language.
S6Integrated or annual report available in English0/5
No integrated or annual report in English. The Japanese side's 年次報告書 / 中間報告書 (shareholder reports) have no English counterpart; the English library offers a one-page financial fact sheet.
S7Progress against the previous plan, including misses, explained in English0/5
No English reconciliation against a previous plan. The plan appears in English only by name (engagement page). Any review of the previous plan's targets and the upward revision of the current plan's metrics are in the Japanese FY7/2026 deck (pp.30-34) only. Per the ruling, a reconciliation only in Japanese is not_found.
G1Corporate governance report available in English3/5
No Corporate Governance Report in English. The English 'Corporate Governance' page sets out the fundamental principles, the governance structure chart and a director skill matrix - written for the site in place of the filing. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
English Notice of the 47th AGM (posted 25 Sep 2026, meeting 27 Oct). Proposal 2 profiles all nine directors standing, which is the whole board (all terms expire): Tsuji, Kawabe, Yamashita, Miyamoto, Sato, Yamamoto (new), and outside directors Takasu, Fujita and Yanagimoto. Each has a dated career summary (e.g. 'Oct. 2012 Director, Executive Officer') from which board tenure follows, shares held and reasons for nomination. The outside directors' tenure is stated outright (Fujita 'four years', Yanagimoto 'two years'). [Outside]/[Independent] tags and a note on TSE independent-officer designation cover independence. An expertise grid covers six skills. Proposal 3 covers the new outside auditor (Hazu) the same way. All three elements for every director, so 5. Source document →
G3Board skills matrix published in English5/5
The English 47th AGM notice (25 Sep 2026) has a current skills grid for all nine director candidates and the auditor candidate: corporate management, technology & R&D/manufacturing, sales/marketing, finance & administration, legal/internal control, global experience, with outside/independent tags. The English Corporate Governance page also has a 'Skill Matrix' covering directors and auditors. That one is older and garbled: Kiyoshi Sato's title shows as 'Masanori Murakami', outside directors are labelled 'Outside Auditor', and it lists a retiring auditor. The current matrix is in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English0/5
No remuneration disclosure in English. The English AGM notice (9 pp) is the reference documents only, with no business report and so no officers' remuneration section. Proposals are dividend and elections, with no pay item. The English Corporate Governance page covers principles, structure and skills only. No English CG report or yuho. The English Sustainability pages and IR pages were checked. The amounts and policy are in the Japanese business report, CG report and 有価証券報告書 only.
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 47th Annual General Meeting posted in English on 25 September 2026, the same day as the Japanese, for a meeting on 27 October - 32 days - with the proposals and reference information for all three proposals. The Japanese-only labels attach to the posting websites, not the voting route. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the company's shareholder pages name Mitsubishi UFJ Trust and Banking as share registrar, whose voting website (evote.tr.mufg.jp) is in Japanese only, with no English option, as for ESPEC (6859) and Nitto Boseki (3110). Every proposal in English, but a Japanese-only voting route, so 4. Source document →
G6Shareholder vote results disclosed in English0/5
The English General Meeting page says it offers 'the notice of resolutions' but lists convocation notices only. The Japanese side posted a 第46期 定時株主総会決議通知 (21 October 2025); no English counterpart.
G7Cross-shareholdings in English with reduction schedule and rationale0/5
Nothing in English on cross-shareholdings. There is no English Corporate Governance Report (the Japanese was filed 5 Nov 2025, per TDnet), no English yuho and no integrated report. The English Corporate Governance, Business Model, Disclosure Policy and Sustainability pages and the AGM notice say nothing about policy holdings. The policy is in the Japanese CG report (原則1-4) and the yuho only.
O1English IR section reachable within two clicks of the English homepage5/5
On the English homepage (samco.co.jp/en/), the body has an 'Investor Relations' block with the latest disclosures, 'View All' to the IR Library, and direct links to Corporate Governance and Business Model, Stock Information, IR Calendar and Financial Highlights. The footer site map's 'Investor Relations' heading links /en/ir/. Both are one click. The global-nav 'Investor Relations' item opens a drop-down panel (screenshotted) whose 'Investor Relations' button reaches /en/ir/ in two. One click, so 5. Source document →
O2English document links resolve to English documents5/5
We sampled 16 English document links. Disclosures: FY7/2026 tanshin (11 pp), Q3 (8), H1 (8), Q1 (7), forecast/dividend revision (2), changes in executive positions (2). IR News FY and Q3 tanshin copies. AGM notices 47th (9), 46th (3), 45th (12), 44th (3), 43rd (10). Fact sheets 2025, 2022, 2020 and 2013 (bilingual one-pagers). Every one is an English document. A Japanese-labelled link '配当金について' on the English meeting page leads to the English Dividend page, and the IR News mislabels the Q3 tanshin 'Nine Months Ended January 31', but neither leads to Japanese. All English, so 5. Source document →
O3English IR archive free of dead links4/5
Of the 16 sampled documents (see O2), every PDF opened live. The one dead link is 'Latest Presentation', the first item on the English IR top page. It points to /en/ir/library/event/, which returns 403 Forbidden. One dead link, so 4. Source document →
O4English IR pages render without blank JavaScript failures3/5
Rendered in Chrome: the IR top, IR Library, Disclosures, Fact Sheet, General Meeting, Governance, Business Model, Financial Highlights (charts render) and Engagement pages. The Disclosures page renders headings for FY7/2025 (46th) back to FY7/2020 (41st) with nothing under any of them (0 items each in the DOM), so only the current year's six disclosures show. 'Latest Presentation' on the IR top lands on a 403 page. A list renders empty, so 3. Source document →
O5Single page listing all English IR documents by date and type4/5
The IR Library (/en/ir/library/) has tabs (All / Disclosures / Fact Sheet) with dated, typed entries. The IR top repeats it as a filtered list. It covers timely disclosures, tanshin and fact sheets only. AGM notices sit on a separate General Meeting page (dated by fiscal year), and there are no decks. One dated, typed list missing a type, so 4. Source document →
O6English archive genuinely populated, not an unverifiable shell4/5
The populated archive is uneven. Disclosures hold FY7/2026 only: the four tanshin from Dec 2025, the revision notice and the officer changes. The FY46-FY41 headings are empty. Fact sheets go back to 2013 (13 editions), AGM notices to the 43rd (2022, 5 editions). The English IR News list shows two items for 2026. At least a year across types, with several years only for fact sheets and notices, so 4. Source document →
O7Named English IR contact published4/5
Every English IR page ends with a 'Contact Us' block whose buttons include 'Investor Relations', leading straight to a dedicated 'Investor Relations Inquiries' form - visible on the IR pages themselves, not hidden behind a general contact list. The tanshin also names Hitoshi Yamamoto, Executive Officer, General Manager, Administration and Corporate Planning. Dedicated and immediately obvious. Source document →
R1Earnings materials published in English simultaneously with Japanese3/5
English tanshin listing dates match the Japanese for every period of FY7/2026. Q1 11 Dec 2025 (PDF created 11 Dec). H1 12 Mar 2026 (created 11 Mar). Q3 12 Jun 2026. FY 14 Sep 2026 (created 14 Sep). Japanese TDnet was 15:30 on each date. But every English tanshin is an abridged translation, and there is never an English deck: the Japanese decks/summaries of 11 Dec, 12 Mar, 12 Jun and 15 Sep have no English version. The tanshin is same-day every period and the deck is never translated. That is at best the 4 band ('tanshin same day, deck later'), recorded as 4. Set to 3 in review, 16 Oct 2026: the tanshin is same-day but no results deck is ever translated; 4 is 'the deck later', and a deck that never comes is worse than late, so the floor. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Lags, English against Japanese. FY7/2026 tanshin: 14 Sep / 14 Sep = 0. Q3 tanshin: 12 Jun / 12 Jun = 0. 47th AGM notice: Japanese 25 Sep 2026 (TDnet 08:00, IR news), English listed 25 Sep (PDF modified 25 Sep) = 0. Corporate Governance Report: Japanese 5 Nov 2025, no English = >90. Annual securities report: Japanese 46th yuho 20 Oct 2025, no English = >90. Median of 0, 0, 0, >90, >90 is 0 days, so 5. Two of the five never appear in English. Source document →
R3Timely disclosures published in English4/5
TDnet list (rendered on nikkei.com), 16 Oct 2025 to 16 Oct 2026. Japanese timely disclosures: Q1 tanshin 11 Dec, H1 12 Mar, Q3 12 Jun, forecast and dividend revision 12 Jun, FY tanshin 14 Sep, changes in executive positions 14 Sep, 47th AGM notice 25 Sep, notice correction 2 Oct, CG report 5 Nov 2025, independent-officer filing 8 Oct. The English Disclosures list has same-day English for every results release, the revision and the officer changes, and the AGM notice was same-day on the meeting page. The 2 Oct correction to the AGM notice and the CG report have no English. Nearly all, same day, with one or two missing, so 4. Source document →
R4English disclosure free of machine-translation accuracy disclaimers3/5
The rendered English pages (homepage, IR top, library, governance, site policy) carry no machine-translation banner or notice. The tanshin, AGM notice and officer-changes notice carry only human-translation precedence language ('the original shall prevail', which is R5). But the English 'Notice Concerning Revisions to Financial Results Forecasts and Dividend Forecasts' (12 Jun 2026) opens: 'This English document is translated using machine translation... it may include inaccurate translations.' A machine-translation disclaimer on a non-statutory English disclosure, so 3. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin and the AGM notice say 'the original shall prevail'. The financial fact sheet carries no such 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 →
Deposition and etching growth, overseas mix and capacity plan
Strategy or target reset · In progress · Plan or update announced 15 September 2026
Samco reported FY2026 results and revised FY2027-FY2028 growth targets for semiconductor equipment, overseas sales and production capacity.
Timeline and sources (1 step)
- 15 September 2026Plan or update announced Samco reported FY2026 results and revised FY2027-FY2028 growth targets for semiconductor equipment, overseas sales and production capacity. 47th Fiscal Year Financial Results Briefing
What management said it would do
Management targets ¥18bn sales, ¥4.88bn operating profit and 60% overseas sales by FY2028.
From the company’s own disclosure · 47th Fiscal Year Financial Results Briefing
What it actually did, and when
FY2026 reached ¥10.8bn sales and ¥3.004bn operating profit; revised FY2027-FY2028 targets are now in execution.
Partly disclosed — a gap remains · 47th Fiscal Year Financial Results Briefing · FY2026 Results and Disclosure Library
What it disclosed about the economics
The strategy emphasizes production tools, overseas mix and capacity, but not a quantified capital-return framework.
Partly disclosed — a gap remains · 47th Fiscal Year Financial Results Briefing · FY2026 Results and Disclosure Library
What has happened since
The FY2028 result is not due.
Partly disclosed — a gap remains · 47th Fiscal Year Financial Results Briefing
The question this leaves open
Investor question: What capex and working capital are needed to reach ¥18bn sales? IR preparation: publish capacity, spend, utilization, margins, ROIC and cash conversion.
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
Samco targets higher production capacity and overseas sales for deposition and etching systems, but the selected briefing does not publish a full cash-allocation amount.
Capital structure
The company has a strong earnings base and pays dividends, but the plan lacks quantified leverage, liquidity and payout guardrails.
Governance of capital decisions
Management revised forward sales and profit targets after reporting FY2026 results, but does not provide ROIC, equity-cost or investment hurdle targets.
Preliminary and not scored: a selected-source reading, reviewed 30 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 · G5: 5 → 4. Every proposal is in the English notice, but the voting website shareholders use (Mitsubishi UFJ Trust and Banking) 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.