KITZ Corporation
Cite as: Japan IR Index, KITZ Corporation (6498), 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.
O7 Named English IR contact published 2/5 Quick fix
Link a dedicated IR contact (form, address or e-mail) from the English IR section.
G6 Shareholder vote results disclosed in English 2/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
G1 Corporate governance report available in English 3/5 Translation
Publish the corporate governance report filed with TSE in English.
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 | 7 of 39 |
| Same size band (¥100–500bn) | 77.1 | 6 of 50 |
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 1 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 Six Months Ended June 30, 2026, 7 August 2026 with the Japanese: 14 pages with the overview of operating results and financial position, the statements and the segment information. Every quarter is in the English IR news. Source document →
F2English results summary is a full translation, not an excerpt5/5
The English 'Consolidated Financial Results for the Six Months Ended June 30, 2026' (7 Aug 2026) is 14 pages, against 13 for the Japanese 2026年12月期 第2四半期（中間期）決算短信. Both have the same sections: the summary pages (results, financial position, dividends, forecast, notes on consolidation scope and share counts); 1. the overview of operating results with a narrative for each segment, financial position, cash flows and the forecast explanation; 2. the balance sheet, the income and comprehensive income statements and the cash-flow statement; and the notes (tax accounting, segment information for both periods, the segment-name change, equity, going concern, subsequent events). The FY2025 year-end tanshin (12 Feb 2026) is 28 English pages against 24 Japanese. The whole tanshin, so 5. Source document →
F3Financial statements including notes available in English5/5
The latest-period English tanshin (H1 FY2026, 7 Aug 2026) has the full semi-annual statements: balance sheet, income, comprehensive income and cash flows. It also has the notes: the tax-expense method, segment information for both periods with the reconciliation of the adjustments, the segment-name change, equity, going concern and subsequent events. The year-end English tanshin (12 Feb 2026, 28 pp) adds the statement of changes in equity and the full note set, including the overview of reportable segments. Full statements and notes for the latest period, so 5. Source document →
F4Annual securities report available in English in any form0/5
The English IR library offers results, presentations, the Corporate Report, the corporate profile and ten years of financial data. No securities report in English under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are two reportable segments, the Valve Manufacturing Business and the Metal Solutions Business (renamed from Brass Bar Manufacturing on 1 Jan 2026, with no change in content), plus Other (hotel and restaurant). Every English tanshin gives sales (external and intersegment) and segment profit for each one, with the adjustment explained, e.g. H1 FY2026 Valve ¥76,292m sales and ¥9,334m profit, Metal Solutions ¥22,503m and ¥1,058m. The narrative also explains each segment. The year-end tanshin's 'Overview of reportable segments' defines the segments and how they are evaluated, and each tanshin states the renaming with comparatives on the new name. The deck repeats segment sales and OP by quarter, and the English site's 'By Segment' page gives five years of them by quarter. So 5. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English5/5
The English IR Library (Corporate Profile and Financial Data) offers '10 Years of Financial Data', an .xlsx posted 24 Feb 2026. We read it in the browser. It has five sheets: Cover, Key Indicators, Statements of Income, Balance Sheets and Statements of Cash Flows, covering FY2016 to FY2025. Key Indicators has net sales split into domestic/overseas and by segment (Valve, Metal Solutions, Other), OP, ordinary profit and net profit with margins, total assets, ROE, EPS, dividends per share and free cash flow. The other sheets give summary P&L, balance sheet and cash-flow lines for each year. Ten years of P&L, BS, CF and per-share data, with segment sales, so 5. Source document →
F7Guidance disclosed in English with the basis explained5/5
The English H1 tanshin carries the FY2026 forecast (sales ¥210.0bn, OP ¥18.0bn, net ¥13.4bn, EPS ¥154.04). The English 'Notice Concerning Revisions to Consolidated Earnings Forecasts and Dividend Forecasts' (7 Aug 2026) sets the previous forecast against the revised one and gives the reasons: strong semiconductor-equipment demand, the V TEX contribution in H2, and copper prices holding Metal Solutions margins. The English H1 deck (pp. 13-16) gives the revision by segment for sales and OP, the H2 implied split, and the assumptions: ¥159/US$, ¥185/EUR and copper at ¥2,240/kg, against ¥155, ¥184 and ¥2,100 in the initial plan. FX, market view and segment forecasts, with the revision 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 7 August 2026, the same period as the Japanese filing. Source document →
S1Medium-term management plan in English with numerical targets5/5
The Second Medium-term Plan 'SHIN Global 2027' (FY2025-2027) was announced in English on 13 Feb 2025, the same day as the Japanese. The partial correction followed in both languages on 27 Feb 2025. The current version on the English Medium-term Plan page ('*Updated in Feb. 2026', PDF created 17 Feb 2026) is 34 pages, as is the Japanese (created 20 Feb 2026). It has the quantified FY2027 targets: sales ¥200bn, OP ¥20bn, ROE at least 11%, payout at least 40%, and non-financial KPIs (female managers 12%, male childcare leave 100%, feedback index 3.75). It also has segment sales and OP targets, the ¥60bn three-year investment allocation and ROIC targets. The FY2026 annual plan is in English too (11 pp, as in Japanese). Complete and not late, so 5. Source document →
S2IR presentations published in English5/5
For every quarter an English results presentation and an English Q&A summary of the briefing (Q2 FY2026: Q&A 10 August; Q1: 15 May; full year: 19 February) - the Japanese set item for item. Source document →
S3English equity-story or investment-highlights page4/5
There is no 'why invest' or investment-highlights page on the English IR site. 'For Individual Investors' is a hub of links (history, business structure, financial performance, vision, MTP, dividends). It still describes the MTP as 'the First Medium-term Management Plan 2024'. The investor case is made in the English KITZ Corporate Report 2026 (pp. 3-5). It sets out five numbered strengths: brand, integrated production and quality control, wide range of products and markets, high-mix low-volume manufacturing, and a global manufacturing and sales system. Alongside are the sales mix (Valve 80.0%, Metal Solutions 18.4%) and 'The KITZ Group in Numbers': ¥176.7bn sales, 90,000+ valve types, 34 subsidiaries, sales in 50+ countries, ROE 10.1%, EPS/BPS. The MTP deck repeats the strengths. Dedicated and specific, but the strengths are qualitative and the figures describe scale, so 4. (Wording revised 21 Oct 2026; the score does not rest on the section sitting inside the report.) Source document →
S4Growth drivers identified and quantified in English5/5
The drivers are named and quantified in English. The MTP deck splits valve sales into core and growth markets (building & facilities, petrochemical, water treatment, machinery vs semiconductor equipment, semiconductor materials, fine chemicals, hydrogen & clean energy). It gives each market's share of sales, a 2.5% CAGR for core and 16.9% for growth, and ¥139.6bn FY2024 → ¥167.2bn FY2027 valve sales, with segment targets. The 'Semiconductor-related Business Presentation' (English, 14 Oct 2026, 26 pp) targets semiconductor-related sales of at least ¥100bn by 2030. It also gives vacuum-valve sales growth of at least 30% CAGR for 2026-2030, the market CAGRs (WFE, vacuum valves), 2025 market share, and capacity tripling by 2028. Named drivers with market, share, capacity and target numbers, so 5. Source document →
S5Results-briefing transcripts or Q&A published in English5/5
Every results briefing gets an English 'Results Presentation Q&A Summary' on the same day as the Japanese 質疑応答（要旨）. Q2 FY2026: 10 Aug 2026 both; Q1: 15 May both; FY2025: 19 Feb both; Q3 FY2025: 21 Nov 2025 both; Q2 FY2025: 19 Aug both; Q1 FY2025: 15 May both. The Japanese side's extra is a briefing video (a medium, not content). One exception, outside the results cycle: the Japanese Q&A for the semiconductor-related business briefing went up on 8 Oct 2026, and the English one on 14 Oct (6 days). Every results briefing on the Japanese cycle, so 5. Source document →
S6Integrated or annual report available in English5/5
KITZ Corporate Report 2026 (integrated report) in English, 72 pages, July 2026, reporting on FY2025 (the year ended December 2025) - the latest closed year for a December year-end. Source document →
S7Progress against the previous plan, including misses, explained in English5/5
Section 1 of the English MTP deck, 'The First Medium-term Plan (FY2022-2024) in Review' (pp. 3-6), sets the previous plan's targets against actuals. Financially, initial and revised targets for sales, OP and ROE sit against FY2022-24 results (sales plan ¥150.0bn / result ¥172.0bn, OP ¥12.0bn / ¥14.2bn, ROE at least 8% / 11.3%). The non-financial KPIs are set out the same way: CO2 -80% target vs -88%, engagement 56pt vs 49pt, female managers 10% vs 7.5%, male childcare leave 50% vs 70.6%. A scored summary table rates each aspect, says which targets were missed, and names the outstanding task for each (engagement, women in the workplace, inventories). Target against actual with the variances explained, so 5. Source document →
G1Corporate governance report available in English3/5
No Corporate Governance Report in English. The English governance page offers the Basic Policy on Corporate Governance and a 'Corporate Governance Code Implementation Status' summary - substantial, but written for the site in place of the TSE filing. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English Notice of the 112th Ordinary General Meeting (3 Mar 2026, 55 pp) covers every director. KITZ is a company with a nominating committee, so the whole board stands each year: 10 candidates, 7 re-elected and 3 new. A summary table gives each candidate's position, committees, Outside/Independent flags and attendance. The profiles give date of birth, tenure ('Tenure as Director: 18 years and 9 months'; 'Tenure as Outside Director'), full career history, significant concurrent positions, shareholdings, the reasons for nomination and expected roles. There is also an independence standard for outside directors. Tenure, expertise and independence for every director, so 5. Source document →
G3Board skills matrix published in English5/5
The English AGM notice (3 Mar 2026, pp. 4-5) has the current skills matrix. For all ten candidates for the board elected on 26 Mar 2026 it marks 'Main expertise and area': corporate management, global experience, legal/risk management, sustainability (ESG), capital efficiency/accounting/finance, manufacturing/quality, innovation/DX/technology, sales/marketing and HR/human-resource development. It also shows each candidate's planned nominating, audit, compensation and risk committee seats and chairs. The current matrix in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English5/5
The business report in the English AGM notice (pp. 41-44) has amounts by pay type and category. Directors excluding outside directors ¥121m: base ¥98m, non-performance stock ¥23m. Outside directors ¥113m. Senior executive officers ¥272m: base ¥144m, bonuses ¥72m, non-performance stock ¥28m, performance stock ¥28m. The total is ¥507m. It also gives the policy and structure by position (directors 80/20 fixed/stock; CEO 50/25/25; SEOs 60/20/20). The bonus KPI is profit attributable to owners of parent, with its target and actual (¥11,200m vs ¥11,465m) and a 0-200% range. The performance-share KPIs are weighted 80% financial (sales, OP, ROE) and 20% non-financial (CO2, feedback index, female ratios, childcare leave), with actuals. Corporate Report 2026 repeats the composition. Structure, KPIs, weights and amounts by type, so 5. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 112th Ordinary General Meeting, electronic provision from 3 March 2026 for a meeting on 26 March - 23 days - 55 pages with the reference documents. The Japanese-only labels attach to the posting websites, not to a voting route. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the English notice names Mitsubishi UFJ Trust and Banking as the contact for internet voting; its 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 English2/5
Notice of Resolutions of the 112th Ordinary General Meeting, in English, 26 March 2026: the items and the directors elected, approved as proposed. No vote counts, no approval ratios. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
Corporate Report 2026 (English, PDF p. 61) 'Reduction of cross-shareholdings' states the policy: as a rule none are held to secure stable shareholders; holdings that fail the policy are reduced; the Board reviews each holding yearly on economic rationality and risk. It charts the count (from 40 in FY2015 down to 10-12) and the ratio to net assets (from 10.5% to 4.5-5.7%) over ten years, and says the FY2025 balance remained 'not more than 5% of net assets'. The MTP lists 'reduce cross-holding shares' under balance-sheet management, with no number. The English 'Corporate Governance Code Implementation Status' only cross-references principle 1-4 to the Basic Policy. Policy, numbers and progress, but no stated reduction target or schedule, so 3. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
From the English homepage (https://www.kitz.com/en/), the visible footer link 'IR' goes straight to the IR top (/en/investor_ir/): one click. The header 'IR' item opens a mega-menu (IR NEWS, Library, MTP and so on), and the homepage also has an IR NEWS 'More' link. One click, so 5. Source document →
O2English document links resolve to English documents5/5
We opened 17 English links in the browser and all were English documents. Tanshin: H1 FY2026, FY2025 (28 pp), Q3 FY2025, FY3/2015. Decks: H1 FY2026, FY2025 (56 pp), FY3/2018, semiconductor briefing. Q&A summaries: Q2 FY2026, Q3 FY2025, semiconductor. Notices: dividend policy change, V TEX completion. AGM: notice, omitted items (64 pp), resolutions. Also Corporate Profile 2026 (25 pp), the MTP 2027 notice and deck, Corporate Report 2026, the 10-year .xlsx (English labels) and the Astris external report. The English Bridge Report is hosted on a Japanese-chrome page but the report is English. All English, so 5. Source document →
O3English IR archive free of dead links5/5
All 17+ sampled links resolved, including the oldest tried: the FY3/2015 tanshin (May 2015) and the FY3/2018 results presentation (May 2018), alongside the current documents listed under O2 and the external Astris and Bridge reports. None was dead, so 5. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered these English IR pages: IR top (news widget and latest results), IR NEWS, IR Library and its Financial Results, Presentation Materials, Corporate Profile and Financial Data and External Report pages, Business Performance and Financial Highlights, Consolidated Results and By Segment (charts and data tables render with quarterly figures to H1 FY2026), Shareholder Information, Meeting of Shareholders, IR Calendar, Medium-term Plan and the FAQ. Every list and table populated. The only external widget is the stock quote, a link to Yahoo! Finance (Japanese only). All content rendered, so 5. Source document →
O5Single page listing all English IR documents by date and type4/5
The English IR NEWS page (/en/investor_ir/ir_news/) is one dated list of every English IR document: tanshin, decks, Q&A summaries, timely-disclosure notices, AGM notices and resolutions, the data file, Corporate Profile and external reports. A year selector runs 2026 back to 2009. There is no type label or type filter. The IR Library splits the same material by type across pages (Financial Results, Presentation Materials, Corporate Profile and Financial Data, External Report), each dated with a fiscal-year selector. The Corporate Report and AGM documents sit on their own pages. One dated all-types list, untyped, so 4. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is deep across types. English tanshin go back to FYE March 2013 (the FY3/2015 one opens). Presentation materials go back to FYE March 2018, with Q&A summaries for every quarter of FY2025-26. AGM pages cover the 103rd to the 112th meetings. External reports go back to FYE March 2017, and the IR NEWS year selector reaches 2009. Several years across types, so 5. Source document →
O7Named English IR contact published2/5
Named in the tanshin header - Kenichi Bessho, Division Manager, Corporate Finance Division. The English Contact Us page offers product inquiries by region and a supplier route only; no IR route anywhere on the English site. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
Japanese vs English listing dates. Tanshin: Q2 FY2026 7 Aug/7 Aug; Q1 13 May/13 May; FY2025 12 Feb/12 Feb; Q3 FY2025 12 Nov/12 Nov 2025; Q2 FY2025 8 Aug/8 Aug; Q1 FY2025 8 May/8 May. Decks: Q1 FY2026 13 May/13 May; FY2025 13 Feb/13 Feb; Q3 FY2025 13 Nov/13 Nov; Q2 FY2025 8 Aug/8 Aug; Q1 FY2025 12 May/12 May. The Q2 FY2026 English deck is listed 'Aug. 3, 2026' against the Japanese 7 Aug, evidently a listing error since results came out on 7 Aug. Both language PDFs of that deck carry a 26 Aug creation date, so they were re-uploaded, and the English FY2025 deck PDF was created 2 Mar 2026, after its 13 Feb listing. On the listings, tanshin and deck are same-day every period, so 5. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Japanese vs English lags. Q2 FY2026 tanshin 7 Aug 2026 / 7 Aug: 0. Q1 FY2026 tanshin 13 May / 13 May: 0. AGM notice 3 Mar 2026 / 3 Mar: 0. Corporate Governance Report: no English version (only the site's 'Corporate Governance Code Implementation Status' summary), counted >90. Annual securities report (FY2025 yuho, 19 Mar 2026): no English version, >90. Lags 0, 0, 0, >90, >90; median 0 days, so 5. Source document →
R3Timely disclosures published in English5/5
These are the Japanese IR news list's timely disclosures for 16 Oct 2025 to 15 Oct 2026, each with an English version on the English IR news the same day. Q3 tanshin 12 Nov 2025. FY tanshin 12 Feb 2026, with the same-day notices on the dividend-forecast increase, buyback, change of auditor, director changes and dividend-policy change. Buyback result 17 Feb. Dividends of surplus 26 Feb. V TEX acquisition and the restricted-share disposal 26 Mar. RS payment completion 23 Apr. Q1 tanshin 13 May. V TEX completion 1 Jun. H1 tanshin and the forecast/dividend revision 7 Aug. Not translated: the 10 Mar 2026 correction to the AGM notice and the 27 Mar voting-results extraordinary report, both statutory/AGM items rather than timely disclosures. All timely disclosures same day, so 5. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No machine-translation notice anywhere. We rendered the English IR pages and the site's 'Using this site' terms page (/en/guide/) and checked the disclosure policy. The tanshin, decks, AGM notice, MTP and Corporate Report carry human-translation precedence lines ('the original shall prevail', an R5 matter) but nothing saying they were machine-translated. So 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin and the AGM notice say 'the original shall prevail'. The notice of resolutions and the Corporate Report carry 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 →
Semiconductor valves, strategic investment and ROIC plan
Strategy or target reset · In progress · Plan or update announced 12 February 2025
KITZ launched its second plan with explicit operating, ROE, ROIC, investment, capital-structure and distribution targets.
Timeline and sources (1 step)
- 12 February 2025Plan or update announced KITZ launched its second plan with explicit operating, ROE, ROIC, investment, capital-structure and distribution targets. Second Medium-Term Management Plan 2025-2027
What management said it would do
Management targets ¥200bn sales, ¥20bn operating profit, at least 11% ROE and at least 7.5% ROIC by FY2027.
From the company’s own disclosure · Second Medium-Term Management Plan 2025-2027
What it actually did, and when
KITZ is deploying the three-year program; final investment and return outcomes remain pending.
Partly disclosed — a gap remains · Second Medium-Term Management Plan 2025-2027 · KITZ Corporate Report 2025
What it disclosed about the economics
The ¥58bn strategic-investment plan is paired with equity-ratio, rating, liquidity, ROIC and payout guardrails.
Partly disclosed — a gap remains · Second Medium-Term Management Plan 2025-2027 · KITZ Corporate Report 2025
What has happened since
The FY2027 result is not due.
Partly disclosed — a gap remains · Second Medium-Term Management Plan 2025-2027 · KITZ Corporate Report 2025
The question this leaves open
Investor question: How much of the ¥58bn is committed to semiconductor valves, and at what return? IR preparation: publish spend, orders, margins, working capital and ROIC by program.
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
KITZ allocates ¥58bn to strategic investment and M&A in semiconductors, fine chemicals and hydrogen, funded by operating cash flow and debt if required.
Capital structure
The plan targets an equity ratio around 60%, an A bond rating and a ¥13.5bn committed line while deliberately allowing cumulative free cash flow to be negative.
Governance of capital decisions
KITZ publishes ROE and ROIC goals, uses a ROIC tree and links portfolio management to individual goals and performance evaluations.
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.