Meiko Electronics Co., Ltd.
Cite as: Japan IR Index, Meiko Electronics Co., Ltd. (6787), 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 2/5 Quick fix
Publish the vote counts from the Japanese extraordinary report in English.
O5 Single page listing all English IR documents by date and type 3/5 Quick fix
Keep one English page that lists every IR document with its date and type.
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.
English disclosure assessment
Compared with peers
| Peer group | Median | This company |
|---|---|---|
| Same sector (Electric Appliances) | 80.8 | 21 of 33 |
| Same size band (¥500bn–2tn) | 84.2 | 37 of 43 |
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, 28 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 English2/5
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2026, 6 August 2026 with the Japanese, but 3 pages against the Japanese 12: only the tanshin cover sheet (headline results, financial position, dividends, forecast, share counts). No qualitative review, no statements, no notes, no segment information; the full-year release (13 May 2026) is the same 4-page cover against 16 Japanese pages. Every quarter is in English on the day, but each is headline figures only. Source document →
F2English results summary is a full translation, not an excerpt2/5
The English 'Summary of Consolidated Financial Results for the Three Months Ended June 30, 2026' (6 Aug 2026) is 3 pages. The Japanese 2027年3月期 第1四半期決算短信 is 12. The English has only the summary cover pages: results, financial position, dividends, the FY3/2027 forecast and share counts. The Japanese adds the attachments listed in its 添付資料の目次: 1. 経営成績等の概況 (results narrative, financial position, forecast explanation), 2. the quarterly statements and the notes, including the セグメント情報等の注記. The full-year release (13 May 2026) is the same: 4 English pages against 16 Japanese. Summary cover pages only, so 2. Source document →
F3Financial statements including notes available in English4/5
The current English tanshin (Q1 FY3/2027, 3 pp) has no statements or notes, only summary figures. The only English statements with notes are in 'Annual Report 2025, For the year ended March 31, 2025' (51 pp, PDF created 25 Sep 2025). It has the consolidated balance sheets, income, comprehensive income, changes in net assets and cash flows (from p.16), with full Notes to Consolidated Financial Statements, including note 19 Segment Information. Nothing in English covers the year ended March 2026 yet (the English Annual Reports page still tops out at 2025). So the statements and notes are full, but only at a year end, and that year end is one year back. Floor 4. Source document →
F4Annual securities report available in English in any form3/5
No translated yuho. The nearest is 'Annual Report 2025', 51 pages, for the year ended March 2025: five-year summary, MD&A, business risks (extracted 'from among those described in the securities report'), auditor compensation, consolidated statements with notes, subsidiaries and principal shareholders - but no independent auditor's report and no governance or other statutory narrative sections, and nothing yet for the year ended March 2026 (Japanese yuho filed 26 June 2026). Extracts of the report, not the report. Source document →
F5Segment revenue and profit disclosed in English, consistent definitions4/5
Statutorily this is a single-segment company. The English Annual Report 2025 note 19 says segment information is not disclosed because the reportable segment is mainly PCBs and other business is immaterial. The Japanese Q1 tanshin note says the same. Every English quarterly deck gives net sales and operating income for its two business lines, PCB and Electronic Equipment/EMS. Examples: Q1 FY2026 deck (6 Aug 2026), PCB ¥60.2bn / OP ¥5.6bn and Electronic Equipment ¥13.0bn / OP ¥0.5bn; Q2 deck (Nov 2025) H1 and quarterly splits; Q3 deck (Feb 2026) nine-month splits; FY deck (21 May 2026) FY2024 and FY2025 results and the FY2026 forecast. Sales by application and by specification come every quarter too. But the figures are only in the decks (the English tanshin has none), and the business-line definitions are not stated. So 4. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
There is no downloadable data file. We filtered the links for xls/csv/excel/data on the English IR top, Business Performance Highlights, Basic Stock Information and the presentations, annual report, meeting and news pages: none found, all documents are PDF. Instead, the English Performance Highlights page has HTML charts with seven years (FY3/2020-FY3/2026) of sales, net income, operating and ordinary profit and margins, total assets, net worth and capex. The Annual Report 2025 has a five-year summary in PDF. The Japanese highlights page has no file either.
F7Guidance disclosed in English with the basis explained5/5
The English tanshin cover (13 May 2026) gives the FY3/2027 forecast, and the Q1 release (6 Aug 2026) confirms it unchanged. The English FY2025 results deck (21 May 2026, p.4) breaks the FY2026 forecast down by business: PCB sales ¥254.0bn / OP ¥33.4bn, EMS ¥66.0bn / OP ¥4.6bn, total ¥320.0bn / OP ¥38.0bn, with an assumed FX rate of ¥150/US$. Pp.5-6 forecast sales by application and specification. P.14 sets out the market view (global PCB market forecast by application and specification with CAGRs). Revisions are explained in English. The 6 Feb 2026 'Announcement on Revision of Full-Year Consolidated Earnings Forecast and the Year-End Dividend Forecast' gives previous vs revised figures and the reason (strong HDI PCB orders, a weaker yen). The 28 Sep 2026 stock-split notice explains the dividend-forecast revision. FX, the market view and segment forecasts are all given, and revisions are explained, so 5. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the three months to 30 June 2026 published 6 August 2026, the same period and day as the Japanese first-quarter tanshin. Source document →
S1Medium-term management plan in English with numerical targets5/5
The current plan is the Medium-term Business Plan FY2026-FY2028. It is in the English FY2025 Financial Results Briefing deck (21 May 2026, 22 pp, the same page count as the Japanese 2025年度決算説明会資料). Both were posted on TDnet at 09:30 that day. The deck gives: targets of sales ¥320/390/460bn, OP ¥38/51/65bn and OP margin 12/13/14% for FY2026-28 (p.9); application and specification sales targets (pp.10-11); and a financial-strategy table (p.12) with net income, investment, R&D, EBITDA, assets, debt, equity ratio, D/E, ROE (21.1% by FY2028), ROIC, EPS, DPS, payout and DOE. The English Medium-Term Business Plan page repeats the FY2028 goals (sales ¥460bn, OP ¥65bn, 14.0%, ¥150/$, capex ¥210bn) with the same charts as the Japanese page. Complete and same-day, so 5. Source document →
S2IR presentations published in English5/5
English deck for every quarter plus the half-year and full-year briefing decks, matching the Japanese page for page (Q1 FY2026: 5 pages each, 6-7 August 2026; FY2025 briefing of 21 May 2026: 22 pages each). The Japanese library carries no results transcript or Q&A for the English side to lack. Re-checked 16 Oct 2026: the Japanese library does carry a 決算説明会質疑応答 page for every half-year briefing since 2021 (e.g. https://www.meiko-elec.com/ir/library/qa/2025h2qa.html), contrary to the line above; the English has the matching Q&A pages for the latest briefings (https://www.meiko-elec.com/english/ir/library/qa/2025h2qa.html), so 5 stands. Source document →
S3English equity-story or investment-highlights page3/5
The English IR site has no 'why invest' or investment-highlights page. The nearest is MEIKO Corporate Report 2025 (English, 68 pp). Its opening spread gives FY3/2025 net sales ¥206.8bn by application (automotive 43.6% etc.), OP ¥19.1bn and 13,288 employees. It also has a Business Portfolio section (PCB, Electronic Device, Mechatronics, Visual System) and a value-creation process. The English 'Our Business' page and the decks describe the products. The strengths are described for a general reader, not framed for an investor, and are mostly qualitative. So 3. Source document →
S4Growth drivers identified and quantified in English5/5
The English FY2025 results deck (21 May 2026) names the drivers and quantifies them. Sales targets by application for FY2026-28 (p.10) include AI servers, satellite communications, automotive, smartphones and packages, with composition ratios. Sales by specification (p.11) shows HDI rising to ¥104bn. The global PCB market forecast (p.14) gives CAGRs by application and specification (AI servers, high-layer PCBs 35.4%). Plant pages give capex and sales plans: Vietnam Plant #4 capex ¥25bn to ¥45bn; Hoa Binh ¥50bn; Quang Minh #3 ¥40bn; Yen Quang ¥60bn; the ACCL JV is 30% Meiko. Capex is ¥70bn a year. Q1 FY2026 deck growth by application: satellite +183.7%, AI servers +85.7%. Named drivers with numbers, so 5. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
The Japanese presentations page has a 決算説明会質疑応答 HTML page for every half-year briefing from 2021h1 (Nov 2021) to 2025h2 (21 May 2026), ten in all. The English presentations page links English Q&A pages for the five most recent: 2023h2, 2024h1, 2024h2, 2025h1 (13 Nov 2025) and 2025h2 ('Financial Results Briefing Q&A held on May 21, 2026'). These are full translations: the 21 May 2026 page has the same six questions and answers as the Japanese (Vietnam investment, Vietnam sales ratio, raw materials, AI and satellite orders, AI-server advantage, substrate types). Every current briefing is covered, but the older half of the Japanese archive (2021h1-2023h1) has no English. Neither side dates the pages, so the lag cannot be checked. Floor 4. Source document →
S6Integrated or annual report available in English4/5
MEIKO Corporate Report 2025 in English, 68 pages like the Japanese, applicable period 1 April 2024 to 31 March 2025, published December 2025 (English file February 2026). Complete, but covering the year to March 2025 - one edition behind; the Japanese side is on the same edition. Source document →
S7Progress against the previous plan, including misses, explained in English4/5
The English FY2025 results deck (21 May 2026), p.8, is 'Review of the Medium-term Business Plan formulated 2022'. It sets plan against result for FY2022-FY2025 (and the FY2026 forecast). Sales plan 170/185/205/225 against 167/180/207/241. Operating income plan 15.5/17.5/20.5/23.6 against 9.6/11.7/19.1/24.6. Investment budget ¥20bn a year against 17.4/19.9/29.8/49.7. The English reconciliation is dated and target against actual, but the slide does not explain the variances, such as the FY2022-23 profit shortfall or the investment overrun. So 4. Source document →
G1Corporate governance report available in English5/5
Corporate Governance Report in English, 24 pages, Last Update 26 June 2026, linked from the English Sustainability > Governance > Corporate Governance page. The TSE filing, current. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English Notice of the 51st AGM (June 2026, 18 pp) proposes all nine directors, the whole board, for re-election. For each it gives: a dated career summary (e.g. Naya 'June 2006 President & CEO'); the term of office for outside directors (Tsuchiya 8 years, Nishiyama 7 years, etc.); board attendance (13/13); shares held; and the reasons for nomination, stating the expertise. All four outside directors are marked 'Independent Director' and registered with TSE. The three Audit & Supervisory Board candidates get the same treatment. Every director has tenure, expertise and independence, so 5. Source document →
G3Board skills matrix published in English5/5
The English 51st AGM notice (June 2026), p.14, has '(Reference) Skill Matrix for Candidates for Director'. It covers all nine director candidates, with independence and eight skills: corporate management, industry insight, finance and accounting, sales, global experience, R&D/manufacturing technology, legal affairs and risk management, sustainability and ESG. P.15 gives the reason each skill is needed. The Corporate Report 2025 carries an earlier matrix. The current matrix is in English, so 5. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
The English Corporate Governance Report (Last Update 26 June 2026) sets out the structure: executive directors get basic (fixed), performance-linked bonus and stock-based compensation (a stock award trust), and outside directors get basic only. The target mix for FY3/2027 is about 60/30/10. The bonus KPIs and weights are consolidated sales 20%, operating profit 40%, net income 20% and ROE 20%, and the FY2025 actuals for each are given. The Corporate Report 2025 repeats this. The amounts are totals only: CGR 'Directors: 9 persons, ¥231 million (including four Outside Directors, ¥23 million)'; Corporate Report FY2024 ¥190m for 7 internal directors. Neither breaks them down by pay type or by director. Per the ruling (total only = 4), so 4. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 51st Annual General Meeting in English, 18 pages, dated 11 June with electronic provision from 3 June (file created 2 June) for a meeting on 26 June - about three weeks - with the Reference Documents for both proposals and every candidate's profile. But the notice sends voters to the 'Guide to Exercising Voting Rights ... (available in Japanese only)'. Whole proposals, Japanese-only voting route. Source document →
G6Shareholder vote results disclosed in English2/5
Notice of Resolution at the 51st AGM in English (26 June 2026, 2 pages): each proposal 'resolved as originally proposed', no vote counts or ratios. No English extraordinary report or voting results on the meeting page or in IR News. Outcome only. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English CGR (26 June 2026), Principle 1-4, gives the policy: holdings support business relationships; the board evaluates them on capital cost, dividends, transaction amounts and strategic importance; voting rights are exercised for all. The English Corporate Report 2025 adds the numbers: cross-shareholdings booked at ¥228m / ¥337m / ¥339m for FY2022-24, 0.3% of net assets, verified by the board in March 2025. It also says holdings with a deficient rationale are sold 'and endeavor to reduce'. There is no count of issues, no reduction target or schedule, and no progress against one. Policy and amounts with no target, so 3. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
On the English homepage (meiko-elec.com/english/), 'IR' in the global navigation is a direct link. Clicking it in the rendered browser lands on /english/ir/ (IR Information). The footer also links it. One click, so 5. Source document →
O2English document links resolve to English documents5/5
We opened 18 English document links across types and years, plus 2 English Q&A HTML pages: Annual Reports 2025, 2024, 2020, 2012; tanshin statements 2024/Q1, 2025/Q3, 2026/Q2, 2026/Q3 and 2027/Q1; decks FY2025 H2 (22 pp), FY2022 4Q, FY2016 4Q and FY2026 Q1; news 2017_1Q, 260313 (FCL acquisition), 20260928 (stock split); AGM notices 51, 47, 42 and resolution 50_1; Q&A 2025h1 and 2025h2. All are English (0 CJK characters in the PDFs; 2024/Q1 has 69 stray CJK glyphs in an English document). The older Annual Reports sit under /pdf/ rather than /english/pdf/ but are English. One label is wrong: the FY2026 Q1 deck is linked as 'FY2025 Q1 Presentation'. All English, so 5. Source document →
O3English IR archive free of dead links5/5
In the same sample of 20 English links spanning 2012-2026 (annual reports, tanshin, decks, news, AGM notices and resolutions, Q&A pages), every one resolved: PDFs of 2 to 51 pp, and the Q&A pages rendered. No dead links, so 5. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered these English pages in Chrome: IR top (news widget populated), IR News (paginated, dated), IR Calendar, Performance Highlights (seven years of chart data render), Medium-Term Business Plan (charts and financial table render), Financial Results Presentation Materials, Annual Reports, Shareholders' Newsletter, General Meeting, Basic Stock Information, Disclaimer and the Q&A pages. The presentations archive is a year drop-down. Choosing a year reveals that year's decks, tanshin and Q&A (tested: 'Fiscal Year Ending March 2025' shows six decks and four tanshin). The page shows its content only after a real select-and-click, which a scripted selectOption alone does not trigger. Nothing renders blank, so 5. Source document →
O5Single page listing all English IR documents by date and type3/5
The English documents are split by type across several pages. 'Financial Results Presentation Materials' has decks, tanshin and Q&A by fiscal year through a drop-down, labelled by period but with no posting dates. Annual Reports, Shareholders' Newsletter and General Meeting of Shareholders each have their own page. The corporate report and CG report are under Sustainability. IR News is one dated list, but it holds results releases and timely disclosures, not the archive (the Q3 FY3/2026 tanshin, the AGM notices and the CGR are not on it). Split by type across pages, so 3. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The English archive is deep. Decks and tanshin go back by fiscal year to the year ending March 2017 (e.g. FY2016 4Q deck; quarterly results PDFs from 2016). There are AGM notices from the 41st to the 51st (2016-2026) with resolutions; Annual Reports 2012-2025; Shareholders' Newsletters from the 44th to the 51st; Q&A pages 2023h2-2025h2; and IR News from 2021 to 2026. Several years across types, so 5. Source document →
O7Named English IR contact published3/5
The English IR menu has no contact item. The site-wide Inquiry/Contact footer link leads to an inquiry index whose 'Inquiries regarding public relations, investor relations, and M&A' opens an English form (english/inquiry-ir/). A genuine IR route, shared with PR and M&A and not reachable from the IR section. The tanshin names Atsushi Funayama, Executive Officer, General Manager of Finance Headquarters, +81-467-76-6001. Source document →
R1Earnings materials published in English simultaneously with Japanese3/5
The English material arrives on the Japanese day. Q1 FY3/2027: on TDnet (kabutan) the Japanese tanshin and 決算補足説明資料 and the English 'Summary of Consolidated Financial Results...' and 'FY2026 Q1 Financial Results Briefing' are all 6 Aug 2026 15:30. FY3/2026: tanshin and decks in both languages 13 May 2026 15:30, and the briefing deck in both 21 May 2026 09:30. Q3 (6 Feb 2026) and H1 (6 Nov / 13 Nov 2025) match on both IR news lists. But the English tanshin is only the summary cover pages (3-4 pp against 12-16), and the full tanshin never comes in English. Per the ruling, a same-day summary is not a same-day tanshin, so not 5. The decks and the summary are same-day every period, so 4 (floor). Set to 3 in review, 16 Oct 2026: the summary and deck are same-day, but the full tanshin never comes in English; a full English that never arrives is worse than late (as the no-deck ruling). Source document →
R2Median lag in days between Japanese and English statutory publication1/5
Dates from TDnet (kabutan) and the IR lists, Japanese / English. Q1 FY3/2027 tanshin: 6 Aug / 6 Aug = 0. FY3/2026 tanshin: 13 May / 13 May = 0. Both English versions are summary pages only, counted as the English version, as in 6777. 51st AGM notice: 3 Jun 08:00 / 3 Jun 08:00 = 0. Corporate Governance Report: 26 Jun 2026 15:01 / 26 Jun 15:30 = 0. Yuho: Japanese filed 26 Jun 2026; no English (the Annual Report 2025 is FY3/2025 extracts with no auditor's report, and nothing yet for FY3/2026), so more than 90. Sorted 0, 0, 0, 0, >90; median 0, so 5. If the summary-only tanshin are not counted as translations, the median is over 90 and this would be 1. Set to 1 in review, 16 Oct 2026: the English 'tanshin' is the summary cover pages only, a headline sheet rather than a tanshin (F1/F2 ruling), so both tanshin count as untranslated (>90); with the yuho also >90 the median is over 90. Source document →
R3Timely disclosures published in English4/5
We compared the Japanese IR news and TDnet (kabutan, Feb-Oct 2026) with the English list, 16 Oct 2025 to 15 Oct 2026. Each of these has a same-dated English version: interim dividend (27 Oct 2025), credit rating (13 Jan 2026), forecast and dividend revision (6 Feb), Nagano FCL acquisition (13 Mar) and its cost (18 May), executive changes (24 Mar, 20 Apr), Vietnam subsidiary (8 Apr), investment-unit policy (1 May), year-end dividend and non-operating income (13 May), subsidiary name change (1 Jun), FASF membership (4 Jun), AGM notice (3 Jun), CG report (26 Jun), class-share cancellation and subsidiary capital increase (21 Jul), stock split and dividend revision (28 Sep). TDnet shows each English version at the same minute. The 独立役員届出書 (5 Jun) has no English, but it is a filing form. Three English releases (1 May, 1 Jun, 4 Jun) exist only on TDnet, not the English IR news. Per the ruling, 4. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
We rendered the English homepage, IR top, news, calendar, highlights, MTP, presentations, annual, newsletter, stock information and Disclaimer pages, and searched the decks, tanshin, AGM notice, CG report, Annual Report and Corporate Report text. There is no machine- or AI-translation notice and no translation widget. The Disclaimer covers forward-looking statements and website errors only. The documents carry only human-translation precedence language ('translated from the Japanese original for reference purposes only ... the original shall prevail'), which belongs to R5. So 5. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin, the results decks, the AGM notice, the notice of resolution and the Corporate Governance Report each say 'the original shall prevail'. The Annual Report 2025 and the Corporate 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 →
AI-server PCB capacity, leverage and capital-return plan
Strategy or target reset · In progress · Plan or update announced 21 May 2026
Meiko launched a new plan with rapid AI-server PCB growth, ¥210bn of investment and explicit ROE, ROIC, leverage and dividend paths.
Timeline and sources (1 step)
- 21 May 2026Plan or update announced Meiko launched a new plan with rapid AI-server PCB growth, ¥210bn of investment and explicit ROE, ROIC, leverage and dividend paths. FY2025 Financial Results Briefing and Medium-Term Business Plan
What management said it would do
Management targets ¥460bn sales, ¥65bn operating profit, 21.1% ROE and 11.8% ROIC by FY2028.
From the company’s own disclosure · FY2025 Financial Results Briefing and Medium-Term Business Plan
What it actually did, and when
The company is expanding in Vietnam and other locations based on customer forecasts; final utilization and returns are pending.
Partly disclosed — a gap remains · FY2025 Financial Results Briefing and Medium-Term Business Plan · Financial Results Briefing Q&A
What it disclosed about the economics
The plan discloses ¥210bn of investment, debt, D/E, ROE, ROIC and dividend trajectories.
Partly disclosed — a gap remains · FY2025 Financial Results Briefing and Medium-Term Business Plan · Financial Results Briefing Q&A
What has happened since
The FY2028 result is not due.
Partly disclosed — a gap remains · FY2025 Financial Results Briefing and Medium-Term Business Plan
The question this leaves open
Investor question: What utilization and customer concentration support the investment plan? IR preparation: publish committed orders, ramp, yield, margins, debt and ROIC.
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
Meiko plans ¥210bn of investment across FY2026-FY2028 to expand high-layer and HDI PCB capacity for AI servers and other growth markets.
Capital structure
The plan allows interest-bearing debt to rise while targeting a D/E ratio below 1.0 by FY2028 and increasing dividends, albeit at a 15% payout ratio.
Governance of capital decisions
Management publishes annual sales, investment, ROE, ROIC, leverage and dividend paths through FY2028.
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
No score on this page has changed since the change log started on 20 October 2026.
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.