Enplas Corporation
Cite as: Japan IR Index, Enplas Corporation (6961), 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.
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
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 | 28 of 33 |
| Same size band (¥100–500bn) | 77.1 | 42 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, 27 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 English3/5
Consolidated Financial Results for the Three Months Ended June 30, 2026, 29 July 2026 with the Japanese, but 8 pages against the Japanese 11: the summary, the segment-by-segment business results, balance sheet, income and comprehensive-income statements and the segment note, without the Japanese general overview of results, the review of financial position, the forecast explanation, or the notes on equity, going concern and cash flows. The full-year release (30 April 2026) is 13 pages to 16 and drops the financial-position and cash-flow reviews and the Future Outlook that its own cover page refers the reader to. Every quarter is in the English library, same day, but each is cut down against the Japanese. Source document →
F2English results summary is a full translation, not an excerpt3/5
The latest English tanshin, Consolidated Financial Results for the Three Months Ended June 30, 2026 (29 Jul 2026), is 8 pages against the Japanese 11. It has the summary pages, a per-segment 'Business Results' page, the balance sheet, the income and comprehensive-income statements, and the segment note. It drops the Japanese 1(1) overview of results (the macro and group narrative), 1(2) financial position, 1(3) the forecast explanation (which the English p2 still cross-refers the reader to as 'Appendix P.3'), and the notes on shareholders' equity, going concern, cash flows (depreciation) and subsequent events. The FY2026 tanshin (30 Apr 2026) is 13 pages against 16. It drops 1(2)-(4), covering financial position, cash flows and the 今後の見通し outlook, plus the per-share and subsequent-events notes, but keeps all statements including cash flows and changes in equity. The qualitative section is cut every period. Source document →
F3Financial statements including notes available in English3/5
The FY2026 English tanshin (30 Apr 2026) carries the full statements: balance sheet, income, comprehensive income, changes in equity and cash flows. Q1 FY2027 (29 Jul 2026) carries the balance sheet and income/comprehensive-income statements. In both, the only note translated is segment information. The Japanese notes on going concern, per-share information, subsequent events, and, at Q1, changes in shareholders' equity and the cash-flow (depreciation) note are left out. There is no English yuho or annual report with notes (F4 not_found). Statements with only the segment note. This is the floor between 3 and 4. Source document →
F4Annual securities report available in English in any form0/5
The English Financial information section has Financial Statements (tanshin), Business Reports and Presentation Materials only. The Japanese library carries the 有価証券報告書 (year to March 2026, 26 June 2026) and internal control report; no English counterpart under any name.
F5Segment revenue and profit disclosed in English, consistent definitions5/5
All four reportable segments (Semiconductor, Life Science, Digital Communication, Energy Saving Solution) have sales and segment profit in every English tanshin segment note. For example, Q1 FY2027 Semiconductor sales are ¥7,878m with profit ¥2,012m, alongside the prior-year quarter. The FY2026 note states the basis: segments by market and application, reviewed by the Corporate Strategy Committee, with the products in each segment listed and segment profit equal to operating income. The deck adds quarterly segment sales, COGS ratio and operating income, and a six-year segment history. Definitions are stated and held constant. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
There is no Excel or CSV file on the English IR site. We checked Financial Highlights, Financial information (Financial Statements, Business Reports, Presentation Materials), Stock Information, Mid-term Management Plan and IR News for xls/csv/excel/data links. Financial Highlights has six chart images (FY2021-FY2025 sales by segment, profits, per-share, assets, cash flow, capex/depreciation/R&D) and no download. The decks carry six-year segment and cash-flow charts as PDF.
F7Guidance disclosed in English with the basis explained5/5
The FY2026 English tanshin (30 Apr 2026) gives the FY2027 forecast with a half-year split: sales ¥48,000m, OP ¥6,400m, net ¥5,000m, EPS ¥553.60, DPS ¥90. The English FY deck adds 'Assumptions for 2027.3 Financial Forecast' (p38). These cover the FX rate (US$ = ¥150), the SG&A build-up with its components, the market view by segment, and a note that Middle East risks are not factored in. p40 gives sales forecasts by segment with H1/FY, p41 capex, depreciation and R&D, and p5 FX sensitivity. Revisions get English notices with reasons the same day. For example, the 30 Jan 2026 'Revision of Earnings Forecast' explains AI-server socket demand from GPU makers and ASIC hyperscalers, plus automotive share gains. The tanshin's own outlook section is not translated (see F2), but the deck carries more than it does. All three assumption types, plus explained revisions. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the three months to 30 June 2026 posted 29 July 2026, the same period and day as the Japanese first-quarter tanshin. The half-year is due 30 October 2026. Source document →
S1Medium-term management plan in English with numerical targets5/5
Mid-term Management Plan -2nd roll- (FY2027.3-2029.3) is in the English FY2026 deck (30 Apr 2026, 42 pages against the Japanese 42, both created 30 Apr). The quantified targets cover: 2029.3 sales ¥55,000m, OP ¥10,000m, ROE 10% or more; Semiconductor sales CAGR 12% or more and Digital Communication 30% or more; segment sales target levels; the cash allocation (¥27.5bn growth investment, ¥6bn regular, ¥3.5bn returns); a 20% payout; and non-financial targets such as SLT socket share 25%. The English Mid-term Management Plan page summarises it and links both rolls. Current, complete and same day. Source document →
S2IR presentations published in English5/5
FY2027 First-Quarter Result deck in English, 29 July 2026, 26 pages against the Japanese 26, and an English deck for every quarterly briefing back to 2019, posted with the Japanese. The Japanese 決算説明会資料 page carries decks only - no Q&A, script or transcript - so there is no supplement for the English to lack. Source document →
S3English equity-story or investment-highlights page3/5
There is no 'why invest' or investment-highlights page. The English 'Highlights > Enplas' page ('Enplas is everywhere') describes each business and its position, such as test sockets trusted by semiconductor makers worldwide and first-to-market polyacetal gears. Its strengths are described, not framed for investors. The deck has qualitative strengths slides ('Our Technologies (Strengths)' p20, the 'Three Pillars' of black-box technology and niche top p27). A company overview doing the job. Source document →
S4Growth drivers identified and quantified in English5/5
The English FY2026 deck's business strategy slides (pp29, 33-36) name each driver with numbers. Semiconductor: AI servers, ASICs for hyperscalers and automotive SoCs, a market CAGR of 9.6% (2026-30), a 2029.3 sales target level of ¥29,000m, a burn-in growth-market ratio of 75% to 85%, and SLT test-socket share of 25% by 2031.3. Digital Communication: 1.6T transceiver lenses and CPO components, a data-centre market CAGR of 10.6%, and sales CAGR of 30% or more to ¥3,000m. Energy Saving Solution: gear solutions at 70% of sales, a market CAGR of 3.5%, ¥15,000m. Life Science: ¥1,000m. Growth investment is ¥27.5bn, and the deck also sizes data-traffic growth. Named drivers with market size, share and contribution. Source document →
S5Results-briefing transcripts or Q&A published in English0/5
No transcript or Q&A in English. The English Presentation Materials page lists decks only. The Japanese side has none either: its 決算説明会資料 page lists one deck per briefing back to 2022 and earlier, with no 質疑応答, transcript, script or video.
S6Integrated or annual report available in English3/5
No integrated or annual report in either language. The English library's Business Report 2026 (22 July 2026, 12 pages, year to March 2026; Japanese 報告書 1 July) is the shareholder newsletter: president's Q&A, consolidated highlights, one page per segment, ESG and mid-term plan features, stock information. Current, but a highlights edition. Source document →
S7Progress against the previous plan, including misses, explained in English4/5
The English FY2026 deck has a 'Review -1st roll-' section (pp14-16). It sets the April 2025 plan's 2026.3 initial targets against results: sales ¥40,000m vs ¥42,540m, OP ¥4,700m vs ¥6,164m, ROE 5.8% vs 8.9%, with the 2028.3 targets alongside. It also gives the non-financial KPIs' results (new-product ratio, women in management, CO2) against targets. The only explanation of the variance is 'Financial targets are progressing well above expectations', plus a note that the targets exclude FX and US tariffs. The drivers are left to the results slides. A reconciliation without the explanation. Source document →
G1Corporate governance report available in English3/5
No Corporate Governance Report in English. The English Governance page gives the site's governance description (board, Nomination and Compensation Advisory Committee, remuneration, board evaluation) and links the Enplas Corporate Governance Policy (13 pages, April 2025) - written for the site in place of the TSE filing. Source document →
G2Director biographies in English with tenure, expertise and independence4/5
The English Notice of the 65th AGM (4 Jun 2026) gives the four candidates (Yokota, Shiina, Fujita, Akatsuka) a table with years of directorship (23, 1, 7, 2), full career histories, reasons for nomination and board attendance. Akatsuka is marked Outside/Independent and designated an independent director. The four Audit Committee directors (Iue, Hisada, Amoh, Kutsuzawa) were not up for election and appear only in the skills matrix, with independence flagged for three. The English governance page gives only the ratio (4 independent of 8). All three elements, but bios for candidates only. Source document →
G3Board skills matrix published in English5/5
The English AGM notice (4 Jun 2026, p12) has a skills matrix for all eight directors as composed after the 26 Jun 2026 AGM, across eight skill areas with independence marked. It also has a matrix for the eleven executive officers. The English governance page defines each skill. The current matrix in English. Source document →
G4Executive remuneration structure and its performance linkage explained in English2/5
In English, the governance page says only that transfer-restricted stock is used as a long-term incentive for executive directors and that a Nomination and Compensation Advisory Committee exists. The Corporate Governance Policy (Apr 2025) says the representative director drafts pay within the shareholder-approved cap for board resolution. There are no amounts, KPIs or fixed/bonus/stock structure: the English AGM notice omits the business report, and there is no English yuho or CG report. A mention. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 65th Annual Meeting of Shareholders in English, posted in IR News 4 June 2026 for a meeting on 26 June - 22 days. 12 pages against the Japanese 80 ('abridged translation'), but it carries the reference documents for both proposals: the articles amendment with old/new text, and all four director candidates with profiles and reasons for nomination. What is left out is the business report and financial statements. Internet voting at soukai.mizuho-tb.co.jp carries no Japanese-only label. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the voting website named in the English notice, soukai.mizuho-tb.co.jp (Mizuho Trust & Banking), 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 site has no meeting page; IR News and the Financial information library carry the 2026 notice only. The Japanese 株主総会・電子公告 page has the 第65回定時株主総会決議ご通知 (26 June 2026) with no English counterpart, and no voting results in English.
G7Cross-shareholdings in English with reduction schedule and rationale2/5
The only English text is the Corporate Governance Policy (Apr 2025) §(5) 'Policy on cross-shareholdings'. It says holdings are assessed against cost of capital on acquisition and reviewed every year by the Management Strategy Committee, and sets voting rules. It gives no count, amount, reduction target or progress. Those are in the Japanese yuho and CG report only. Boilerplate policy only. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (https://www.enplas.co.jp/english/) has 'Investor Relations' in the main header navigation, linking straight to /english/ir/, plus an 'Investor Relations' tile and footer link. One click. Source document →
O2English document links resolve to English documents5/5
We sampled 18 English document links across types and years. All open as English documents, with stray CJK only in PDF metadata titles. Tanshin: FY2014 1Q (2013), FY2018 4Q, 20251031e, 20260430_FS_e, 20260729_FS_e. Decks: 2014_07 (Jul 2013), 2018_Jul_EN, 20250430_4Q_e, 20251031_2Q_e, 20260430_4Q_e, 20260729_1Q_e. Business reports: 2013_businessrep, 20260722e. AGM notices: 20210601e, 20260604e. News releases: 20210528, 20210623e, 20260130e, 20260227_e_HP, 20260928_e. Corporate Governance Policy: 2025/04. All English. Source document →
O3English IR archive free of dead links5/5
The same 18-plus sample (see O2), from 2013 to Sep 2026, all opened in the rendered browser as PDFs with text. None was dead. All live. Source document →
O4English IR pages render without blank JavaScript failures5/5
These English IR pages all rendered their content: IR top (IR News, Various Resources and IR Calendar lists all populated), Financial information, Financial Statements, Business Reports, Presentation Materials, the IR News list with year tabs, Financial Highlights, Stock Information, Mid-term Management Plan and Governance. The Financial Highlights charts are lazy-loaded images that appear on scroll (all six loaded, 2032-2254 px). No empty lists or failed widgets. Every page renders. Source document →
O5Single page listing all English IR documents by date and type3/5
There is no single library. Documents are split by type across Financial Statements, Business Reports and Presentation Materials pages. These are grouped under fiscal-year headings with the period in each title, but individual items carry no posting date. Disclosures, including the AGM notice, sit on a separate dated IR News list by year. The IR top shows the latest ten resources, dated. Split across pages by type, dated only by fiscal-year heading. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is deep across types: tanshin every quarter from FY2014 (Q1 July 2013) to Q1 FY2027, results decks every quarter over the same span, business reports from the year to March 2013, AGM notices and news releases on the IR News list from 2021. Several years across document types. Source document →
O7Named English IR contact published3/5
A dedicated IR address, ir@enplas.com, is listed under 'IR' on the site-wide Contact page reached from the header; the IR section's own menu has no contact link. The tanshin names Kaoru Yasuda, Executive Officer, +81-3-6268-0259. A genuine IR route, but only through the global contact page. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
Latest two results, same day both languages: Q1 FY2027 tanshin and deck listed 29 Jul 2026 in English and Japanese (TDnet 15:30 for both tanshin; EN tanshin PDF created 27 Jul, EN deck created 29 Jul, JA deck 29 Jul). FY2026 tanshin and deck listed 30 Apr 2026 in both (TDnet 15:30 for both; all four PDFs created 30 Apr). Earlier periods (31 Oct 2025, 30 Jan 2026) are also listed on the Japanese dates. Same day every period read. The English tanshin is cut down (F2), which is a content defect, not a timing one. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Per-document lags: Q1 FY2027 tanshin EN 29 Jul vs JA 29 Jul 2026 = 0. FY2026 tanshin EN 30 Apr vs JA 30 Apr = 0. AGM notice EN 4 Jun vs JA 4 Jun 2026 (both on TDnet 08:00, abridged English but with the reference documents) = 0. Corporate Governance Report: JA filed 9 Jul 2026, no English, so >90. Yuho: JA 26 Jun 2026, no English, so >90. Median 0 days. Source document →
R3Timely disclosures published in English5/5
The Japanese 投資家向けニュース list and TDnet (via kabutan 開示情報) for 17 Oct 2025-16 Oct 2026 hold these timely disclosures: forecast and dividend revision (27 Oct 2025), interim dividend (31 Oct), forecast revision (30 Jan 2026), personnel changes (27 Feb, 31 Mar), dividend (29 May), head-office relocation/articles, investment-unit policy and AGM notice (4 Jun), restricted-stock disposal (26 Jun) and its completion (17 Jul), and executive-officer changes (28 Sep). There are also the four tanshin. Every one has an English TDnet filing at the same time and an entry on the English IR News or library list the same day. Untranslated: only the filings that are not timely disclosures (CG report 9 Jul 2026, independent-officer notification 5 Jun, articles 26 Jun). All, same day. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No machine-translation notice on the rendered English homepage, IR pages, governance page or library. There is no translation widget, banner or pop-up; the language switch links to separately authored English and Chinese sites. The documents carry only human-translation precedence lines ('unofficial English translation ... the Japanese version shall prevail'; 'translated from a part of the Japanese original'), which belong to R5. Nothing presented as machine-translated. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin ('translated from a part of the Japanese original ... the original shall prevail'), the results deck ('the Japanese version shall prevail') and the AGM notice ('the Japanese original shall prevail') all disclaim. The Business Report 2026 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 →
AI semiconductor growth, portfolio diversification and investment plan
Strategy or target reset · In progress · Plan announced 30 April 2026
Enplas raised the horizon to FY2029 and set operating, ROE and detailed cash-allocation targets around semiconductor growth and AI opportunities.
Timeline and sources (1 step)
- 30 April 2026Plan announced Enplas raised the horizon to FY2029 and set operating, ROE and detailed cash-allocation targets around semiconductor growth and AI opportunities. 2026.3 Annual Results and Mid-Term Management Plan, Second Roll
What management said it would do
Management targets ¥55bn sales, ¥10bn operating income and at least 10% ROE by FY2029.
From the company’s own disclosure · 2026.3 Annual Results and Mid-Term Management Plan, Second Roll
What it actually did, and when
FY2026 results exceeded the first-roll target; the second-roll investment program is now underway.
Partly disclosed — a gap remains · 2026.3 Annual Results and Mid-Term Management Plan, Second Roll · Mid-term Management Plan
What it disclosed about the economics
The plan allocates ¥27.5bn to growth, ¥6bn to regular investment and ¥3.5bn to shareholder returns.
Partly disclosed — a gap remains · 2026.3 Annual Results and Mid-Term Management Plan, Second Roll · Mid-term Management Plan
What has happened since
The FY2029 result is not due.
Partly disclosed — a gap remains · 2026.3 Annual Results and Mid-Term Management Plan, Second Roll
The question this leaves open
Investor question: What semiconductor socket and test opportunities earn above the cost of equity? IR preparation: disclose product investment, customer ramps and realized 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
Enplas allocates ¥27.5bn to growth including R&D, ¥6bn to regular investment and ¥3.5bn to shareholder returns through FY2029.
Capital structure
The program is funded from operating cash flow and cash on hand; explicit debt and liquidity guardrails remain limited in the selected sources.
Governance of capital decisions
Management rolls the plan annually, reports prior-plan outcomes and compares the ROE target with an estimated 7–9% or higher cost of equity.
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 (Mizuho Trust & 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.