Shibaura Mechatronics Corporation
Cite as: Japan IR Index, Shibaura Mechatronics Corporation (6590), 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.
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.
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 (Electric Appliances) | 80.8 | 23 of 33 |
| Same size band (¥100–500bn) | 77.1 | 33 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, 29 scored 3 or more and 4 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 English4/5
Consolidated Financial Results for the Three Months Ended June 30, 2026, dated 6 August 2026 like the Japanese and 13 pages to its 13, with the qualitative review, the statements and the notes including segment information; the full-year release (32 pages to the Japanese 31) is equally complete, and every quarter of FY2026/3 is in the English library. But the English files are created weeks after the Japanese: Q1 on 4 Sept for 6 Aug, FY on 12 June for 13 May, Q3 on 3 March for 5 Feb, Q2 on 9 Dec for 6 Nov. Complete every period, weeks late. Source document →
F2English results summary is a full translation, not an excerpt5/5
Consolidated Financial Results for the Three Months Ended June 30, 2026 (dated 6 Aug 2026) is 13 English pages against 13 Japanese, and carries everything the Japanese does: the summary pages (results, dividends, forecast, notes on shares), the qualitative review (overall results, results by segment with orders, financial position, forecast explanation), the quarterly balance sheet, income and comprehensive income statements, and the notes (going concern, shareholders' equity, balance sheet, cash flows, segment information including the Q1 change in segment aggregation, revenue recognition). The full-year release (FY2026/3) is 32 English pages to 31 Japanese with the statements of changes in equity and cash flows. The whole tanshin. Source document →
F3Financial statements including notes available in English5/5
The latest quarter's English tanshin (Q1 FY2027/3, 6 Aug 2026) has the quarterly balance sheet, income and comprehensive income statements with the notes (segment information by reportable segment with reconciliation, revenue disaggregation by product field, depreciation in lieu of a Q1 cash flow statement, which the Japanese Q1 also omits). The FY2026/3 tanshin adds the full-year statements incl. changes in equity and cash flows with the basis-of-preparation and other notes. Full statements and notes for the latest period. Source document →
F4Annual securities report available in English in any form0/5
The English IR Library has Financial Results, Presentation and Integrated Report / Annual Report only; the Japanese library's 有価証券報告書 section has no English counterpart, and the English sitemap and integrated-report archive (old annual reports to 2022 aside) carry no securities report or audited financial statements under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
Four reportable segments (Fine Mechatronics, Mechatronics Systems, Vending Machines and Systems, Real Estate Leasing) with net sales and segment income every quarter in the English tanshin segment note and qualitative review, plus orders by segment. The FY2026/3 tanshin (segment note, 'Outline of reportable segments') defines each segment's products and states segment profit is based on ordinary income; when the Q1 FY2027/3 tanshin moved four overseas subsidiaries out of Fine Mechatronics it said so in English and restated the prior-year quarter on the new basis. Decks add segment and product-field (SPE/FPD) breakdowns. Every period, definitions stated and held consistent. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
No spreadsheet anywhere on the English site. The Financial Indicators page (/e/ir/financial.html) gives five years (3/22-3/26) of orders, sales, operating income and net income as HTML charts with tables, and a segment sales mix; the IR Library (Financial Results / Presentation / Integrated Report) holds PDFs only, and link scans of the library, financial indicators, sustainability data and sitemap pages for xls/csv/excel found nothing. The Japanese side has none either.
F7Guidance disclosed in English with the basis explained5/5
The FY2027/3 forecast (net sales 99.0bn, OP 16.0bn, ordinary 15.7bn, net 11.9bn, EPS 181.29, dividend 64 yen) is in every English tanshin, and the FY2026/3 tanshin explains its basis (AI-driven semiconductor capex, memory/logic recovery, geopolitical/tariff risks). The FY2026/3 deck (pp20-27) adds the market view by field, the growth-investment cost increase (+3.9bn: depreciation 2.9, R&D 0.3, personnel 0.7), and sales forecasts by segment, by product field (SPE 90%) and by destination. No FX assumption. Revisions are explained in English notices with reasons (6 Nov 2025; 5 Feb 2026 'expected increase in both sales and profit ... customer investment trends in the SPE field'), and Q1 says the forecast is unchanged. Market view and segment forecasts plus explained revisions. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
The latest Japanese filing is the Q1 tanshin for the three months to 30 June 2026 (6 August 2026); the English results for the same quarter are in the English library. Same period, though the file dates from 4 September. Source document →
S1Medium-term management plan in English with numerical targets4/5
The new Mid-Term Management Plan 2026-2028 (Phase 2 of Shibaura Vision 2033) is set out in the FY2026/3 results deck (pp28-46), 54 pages like the Japanese 2026年3月期決算説明: net sales of 100.0bn yen or more within Phase 2, ROS 20%+ and ROE 20%+ over the vision, SPE field 90bn+/90%+ and GNT products 80%+ of SPE by FY2028, the investment and service-business pillars. Neither language has a separate plan document (the Japanese strategy page has no PDF); the English strategy page summarises the four pillars without numbers and is still headed '2023-2025'. Complete, but the English deck file dates from 11 June 2026 against the Japanese 13 May (listed 13 May on both sites). Complete, published late. Source document →
S2IR presentations published in English4/5
An English deck for every quarter matching the Japanese page for page (Q1 FY2027 17 pages, FY2026/3 54 pages), plus the Q&A Summary of Financial Results Briefing for the half year and the full year, the two periods the Japanese side publishes 質疑応答要旨. Everything is there but late: the full-year deck file dates from 11 June for a 13 May briefing, its Q&A from 12 June against the Japanese 18 May, the Q3 deck from 27 Feb for 5 Feb. Every period, delivered late. Source document →
S3English equity-story or investment-highlights page4/5
The IR top links the 'Shibaura Mechatronics Quick Guide' ('introduces the characteristic features and strengths ... and our vision'): business fields with their strong points (strong share in single-wafer Si wafer cleaning and hot phosphoric acid etching, track record in flip chip and FPD bonders) and 'in figures' tiles (founded 1939, 1,269 employees, 10 companies/46 locations, sales 88.0bn, overseas 76%, OP 15.3bn). It is a dedicated at-a-glance page, but the strengths themselves are qualitative and not framed as an investment case (no 'why invest' page; the deck and Integrated Report 2025 carry the GNT-product story). Dedicated, mostly qualitative. Source document →
S4Growth drivers identified and quantified in English4/5
The FY2026/3 deck names the drivers: AI-driven demand for advanced-package bonders (TFC-6500-W, TFC-6600, hybrid bonder TFC-6800), high-temperature phosphoric acid etching for logic and memory, Si wafer and photomask cleaning/etching, new GNT products, the service business. Some are quantified at the level of the plan: SPE sales 75.8bn (86%) in FY2025 to 90bn+ (90%+) by FY2028, GNT 54.5bn (72%) to 80%+ of SPE, service business 12.9bn to 22.8bn over Phase 1, Phase 1 R&D 23.1bn, back-end orders +367% in Q1. No market size or share figures for the individual product drivers. Named, some quantified. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
The Japanese side publishes 決算説明会質疑応答要旨 for the half year and full year only, and the English library has a 'Q&A Summary of Financial Results Briefing' for each (FY2026/3 4 pages vs 3 Japanese; Q2 FY2026/3 5 pages vs 3), back to 2022. Listed on the same dates, but the English files are later: FY2026/3 created 12 Jun 2026 vs Japanese 18 May; Q2 created 9 Dec 2025 vs Japanese 11 Nov. Q1 and Q3 have no briefing Q&A in either language. Every period, late. Source document →
S6Integrated or annual report available in English4/5
Integrated Report 2025 in English, 36 pages like the Japanese edition, covering FY2024 (1 April 2024 to 31 March 2025), file of 26 November 2025. The Japanese 統合報告書2026 covering the year to March 2026 went up in September 2026 and has no English version yet. Complete report, one edition behind. Source document →
S7Progress against the previous plan, including misses, explained in English5/5
The FY2026/3 English deck reviews Phase 1 (2023-2025 plan announced May 2023) target against actual: p30 tabulates plan vs results for net sales, OP, ROS, ROE for FY2023-25 (e.g. FY2025 sales 70.0bn plan vs 88.0bn, OP 10.5bn vs 15.3bn), p31 explains each year's variance by driver (silicon wafer orders below expectations, advanced-package bonder and phosphoric acid etching orders above, service sales), and pp32-33 review the qualitative initiatives with figures (SPE 41.5bn to 75.8bn, R&D 20.0bn planned vs 23.1bn). Targets set against actuals with variances explained. Source document →
G1Corporate governance report available in English3/5
The English Sustainability > Governance page links the Corporate Governance Report marked '(Japanese Only)' and otherwise gives the site's own description of the board (six directors, three outside), the skills list and the audit board. A narrative written for the site in place of the filing. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English Notice of the 117th AGM (13 pages, posted 25 May 2026) proposes all six directors (the whole board) with dated career histories, a stated term of office for each ('will be seven years at the conclusion of this General Meeting'; Inaba 11 years), reasons for nomination and expected roles, the three outside directors marked [Independent] and noted as TSE independent directors. The English Board of Directors page lists the officers. Every director, tenure, expertise and independence. Source document →
G3Board skills matrix published in English5/5
The same English AGM notice carries '(Reference) Skill Matrix of Directors and Auditors' for after the 2026 meeting: all six directors and four auditors against seven skills (corporate management, technology, marketing & sales, legal & risk management, finance & accounting, M&A, global business) with each skill defined. Current matrix in English. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
English sources give the structure and KPIs: the Sustainability > Governance page's 'Basic Policy on the Remuneration of Officers' (basic pay, performance bonus on consolidated OP growth and company-wide achievement, trust-based stock remuneration tied to the MTP); the AGM notice's Proposal 2 (bonuses totalling 138.5m yen to three directors) and Proposal 3 (stock plan revised so points depend on position, MTP financial KPIs - consolidated net sales, ROS, ROE for FY2026-28 - and a non-financial engagement-survey indicator; cap 120m yen per three-year period, 90,000 points a year). No weights, and the actual pay by type sits in the business report the notice cites as 'in Japanese' (yuho and CG report Japanese only). Structure and KPIs, weights and the pay breakdown missing. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 117th Annual General Meeting of Shareholders in English, posted in IR News on 25 May 2026 (file 22 May) for the meeting on 17 June - 23 days - 13 pages with the Reference Documents for all three proposals, each director candidate with career and reasons for nomination. Voting via the Internet or in writing with no Japanese-only label; the '(available in Japanese)' tag attaches to the materials-posting page. The Japanese side's 8 June supplementary explanation of Proposal 3 has no English version. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the company's shareholder pages name Sumitomo Mitsui Trust Bank as share registrar, whose voting websites (www.web54.net and www.soukai-portal.net) are 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 site has no shareholders-meeting page (/e/ir/general.html is 404) and the English IR News runs from the 25 May notice straight to the August results. The Japanese 株主総会 page carries the 第117期定時株主総会決議通知 (17 June 2026) with no English version. No notice of resolutions or voting results in English.
G7Cross-shareholdings in English with reduction schedule and rationale0/5
Nothing in English on cross-shareholdings. The Corporate Governance Report (principle 1-4) is linked from the English governance page as '(Japanese Only)', the securities report is Japanese only, and the English governance page, AGM notice, Integrated Report 2025, decks and tanshin carry no shareholding policy or holdings disclosure (the FY2026/3 balance sheet shows investment securities of 609m yen, the 2025 Photo electron Soul alliance stake, against nil a year earlier, but no policy statement that it holds none).
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (https://www.shibaura.co.jp/e/) has visible 'Investor Relations' banner links in the hero carousel and the IR section that go straight to /e/ir/; the header 'Investor Relations' item opens a menu whose 'Investor Relations TOP' makes it two. One click. Source document →
O2English document links resolve to English documents4/5
Sampled 21 English document links: tanshin Q1 FY27 (212071), FY26 (206098), H1 FY24 (171330), FY22 summary (171324); decks Q1 FY27 (210359), FY26 (206024), Q2 FY21 (171172); Q&A summaries FY26 (206100), Q2 FY26 (193881), FY22 (171176); AGM notices 2026 (120555) and 2025 (120554); timely disclosures 263853, 281085, 278111, 281088, 258162, 281079; Integrated Reports 2025 and 2024; Annual Report 2022 and Highlights 2022. All English. The Corporate Governance Report link on the English governance page opens the Japanese PDF, labelled '(Japanese Only)'. One Japanese document, labelled. Source document →
O3English IR archive free of dead links5/5
Every link in the O2 sample (2020-2026, all types) opened in the rendered browser with page counts and text, including the Japanese-only CG report PDF. None dead. Source document →
O4English IR pages render without blank JavaScript failures5/5
Rendered in the browser with their content: IR top (IR News list, library tiles, Quick Guide, inquiry box), IR News (year selector and type tabs), MTP page, Financial Indicators (charts with tables), IR Library and its Financial Results / Presentation pages (past-year accordions), Integrated Report page, IR Calendar, Stock Information, Analyst Coverage, Dividends, FAQ, Disclaimer. The stock quote is an external Nomura link. Everything renders. Source document →
O5Single page listing all English IR documents by date and type5/5
The English IR News page is one list of every English IR document, each dated and typed (Financial Results, IR Material, Timely Disclosure, Shareholders Meeting), with a year selector (2000-2026) and type tabs (Settlement of Accounts, Timely Disclosure, IR Material); it includes tanshin, decks, Q&A summaries, timely disclosures, AGM notices and integrated/annual reports. The IR Library also splits results and presentations by fiscal year. One dated, typed, filterable list. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
Several years across types: English tanshin from FY2022/3, decks from November 2020, Q&A summaries from May 2022, AGM notices (113th, 2022 onward), timely disclosures, Integrated Reports 2023-2025, Annual Reports back to 2015 in IR News (2015.09.30 ANNUAL REPORT 2015). Source document →
O7Named English IR contact published3/5
The English IR top has an 'Inquiries About IR' box whose Inquiry Form opens 'Inquiries About Shibaura Mechatronics', a form shared for 'Investor Relations / Sustainability / Others' - an IR route, prominently linked, but not a dedicated one. The tanshin names Shinji Imai, Vice President, Executive General Manager of Corporate Management Division, +81-45-897-2425. Shared form with an IR category; recorded at the floor, though the link from the IR top is obvious. Source document →
R1Earnings materials published in English simultaneously with Japanese3/5
English listings carry the Japanese dates, but the PDFs' creation dates are weeks later. Q1 FY2027/3 (Japanese 6 Aug 2026): English tanshin created 4 Sep (29 days), deck 10 Aug (4 days). FY2026/3 (Japanese 13 May): tanshin 12 Jun (30 days), deck 11 Jun (29 days). Earlier periods likewise (Q3 tanshin 3 Mar for 5 Feb; Q2 9 Dec for 6 Nov). Weeks late, short of a month for the latest two. Source document →
R2Median lag in days between Japanese and English statutory publication3/5
Per-document lags (Japanese listing vs English PDF creation date where later than the English listing): Q1 FY2027/3 tanshin 6 Aug vs 4 Sep 2026 = 29 days; FY2026/3 tanshin 13 May vs 12 Jun = 30; AGM notice JA 25 May vs EN posted 25 May (file 22 May) = 0; Corporate Governance Report: no English (linked '(Japanese Only)') = >90; annual securities report (JA 15 Jun 2026): no English = >90. Median 30 days. On the English listing dates alone the tanshin would be 0 and the median 0; recorded on the file dates as the ten-question record did. Source document →
R3Timely disclosures published in English4/5
Japanese timely disclosures 16 Oct 2025-15 Oct 2026 besides the tanshin: forecast/dividend revision (6 Nov 2025), forecast/dividend revision with stock split and articles amendment (5 Feb 2026), dividend forecast revision (13 May 2026), dividend of surplus (20 May 2026). All four are on the English IR News under the same dates, with matching PDF creation dates. But the 5 Feb English notice's file id (281085) sits between the 13 May (278111) and 20 May (281088) items, so it appears to have been posted to the English site in May; and the Japanese 'お知らせ（IR）' of 24 Mar 2026 on executive officer changes has no English version. Nearly all. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No machine-translation notice on the rendered English pages (homepage, IR top, IR News, library, MTP, governance, disclaimer); no translation widget or banner, only a cookie banner. The English IR Disclaimer covers forecasts and accuracy and does not mention translation. The documents carry the human-translation 'original shall prevail' line, which is R5. Nothing presented as machine-translated. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin, the results decks and the AGM notice each say 'the original shall prevail'. The Q&A summaries and Integrated Report 2025 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 →
Phase 2 semiconductor-equipment growth and profitability plan
Strategy or target reset · In progress · Plan announced 15 May 2026
Shibaura Mechatronics began Phase 2 with an ambition to reach ¥100bn sales during the phase while progressing toward at least 20% ROS.
Timeline and sources (1 step)
- 15 May 2026Plan announced Shibaura Mechatronics began Phase 2 with an ambition to reach ¥100bn sales during the phase while progressing toward at least 20% ROS. Medium-Term Management Plan 2026–2028
What management said it would do
Management aims to reach ¥100bn sales during Phase 2 and at least 20% ROS under its long-term vision.
From the company’s own disclosure · Medium-Term Management Plan 2026–2028
What it actually did, and when
Phase 1 ended with ¥88bn sales, 17.3% ROS and 21.7% ROE; Phase 2 outcomes are pending.
Partly disclosed — a gap remains · Medium-Term Management Plan 2026–2028 · Message from the President
What it disclosed about the economics
Management emphasizes R&D, production capacity and shareholder returns, but absolute Phase 2 allocation detail is limited in the selected sources.
Partly disclosed — a gap remains · Medium-Term Management Plan 2026–2028 · Message from the President
What has happened since
The Phase 2 result is not due.
Partly disclosed — a gap remains · Medium-Term Management Plan 2026–2028
The question this leaves open
Investor question: What capital and product mix deliver ¥100bn sales and 20% ROS? IR preparation: quantify allocation, capacity, milestones and returns.
Our analysis, not a company statement
Balance sheet and capital-policy indicators
A source-backed first-pass capital-efficiency, balance-sheet and governance reading, separate from the accountability score.
Cash use and returns
Shibaura Mechatronics is increasing R&D and capacity for semiconductor and flat-panel equipment; Phase 1 R&D investment exceeded plan.
Capital structure
The selected English sources emphasize continued growth investment and shareholder returns but provide limited quantified leverage and liquidity guardrails.
Governance of capital decisions
Management publishes phase targets and actual results, including FY2025 sales, profit, ROS and ROE.
Preliminary and not scored: a selected-source reading, reviewed 29 September 2026. Surplus cash, leases, maturities, project ROIC, cost of capital, committed spend and peer comparability are not fully assessed; none enters the accountability score. Figures are the company’s own reported numbers; a large cash balance is not called excess without a defensible operating reserve and investment plan. Every company with a balance-sheet reading →
Changes to this record
- 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.