Tokyo Seimitsu Co., Ltd.
Cite as: Japan IR Index, Tokyo Seimitsu Co., Ltd. (7729), 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.
O2 English document links resolve to English documents 3/5 Quick fix
Check every link on the English IR pages; label any that open a Japanese document, or link the English version.
English disclosure assessment
All 34 questions reviewed by the editor against the public documents; this is not an independent audit. 2 answers corrected after re-checks (research errors) between 21 Oct 2026 and 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 (Precision Instruments) | 84.7 | 2 of 4 |
| Same size band (¥500bn–2tn) | 84.2 | 16 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, 31 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 Statements for the First Quarter of FY2027/3 (Japan GAAP), 4 August 2026, the same day as the Japanese 決算短信: 10 pages to the Japanese 10, with the overview of business performance by segment, the statements, and notes including segment information. Every quarter back to FY2020/3 is in the English library; the FY2026/3 full-year release (13 May 2026) is 20 pages. Every period, same day, complete. Source document →
F2English results summary is a full translation, not an excerpt5/5
Consolidated Financial Statements for the First Quarter of FY2027/3 (4 Aug 2026) is 10 English pages against the Japanese 2027年3月期 第1四半期決算短信's 10. The contents match item for item: overview of performance, financial position, the forecast explanation (including the revision table and its reasons), balance sheet, income and comprehensive income statements, and notes (going concern, equity, accounting policy, segment information, cash-flow note). The FY2026/3 full-year tanshin (13 May, revised 18 May 2026) is 20 English pages against 20 Japanese. It adds outlook, dividend policy, changes in net assets, cash flows, segment information, per-share data, subsequent events and production/orders/sales. A whole translation. Source document →
F3Financial statements including notes available in English5/5
The latest-quarter English tanshin (Q1 FY2027/3, 4 Aug 2026) carries the balance sheet, income and comprehensive income statements, and the notes, including the segment table for both years and the depreciation note in place of the quarterly cash flow statement (the Japanese omits it too). The FY2026/3 tanshin carries all four statements, with changes in net assets and cash flows, and full notes. The English yuho summary (FY2025/3, 129 pp) has the audited-form statements and notes. Full statements and notes for the latest period. Source document →
F4Annual securities report available in English in any form4/5
(Summary) Annual Securities Report for FY2025/3 in English, 129 pages (July 2025): Part I sections 1-5 - company overview, business overview incl. risks and MD&A, facilities, company information incl. corporate governance, and the consolidated financial statements - but no independent auditor's report ('not subject to audit'). The FY2026/3 yuho was filed in Japanese on 19 June 2026; the IR top says the English (abridged) will follow 'at a later date'. The whole report one year behind and without the opinion. Source document →
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are two reportable segments, SPE (semiconductor production equipment) and Metrology Equipment. Every English tanshin gives sales and segment profit for both. For example, Q1 FY2027/3 shows SPE ¥28,515m / ¥5,409m and Metrology ¥8,201m / ¥511m; the FY2026/3 note adds assets, depreciation and capex. The full-year note defines the segments: the internal Semiconductor and Metrology Companies; SPE is assembly and test equipment, Metrology is CMMs and surface/contour instruments. It also states that segment profit equals consolidated operating profit. The decks and the Segment Information page carry the same series. Sales and profit every period, definitions stated. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English0/5
There is no Excel or CSV file on the English site. We searched the IR top, IR Library and its five sub-pages, and the Key Financial Data pages (Financial Highlights, Indicators, Segment Information, Financial Statements, Cash Flows) for xls/xlsx/csv/excel/zip/data links. The Key Financial Data pages are HTML tables and charts: five years of highlights and segments, and four years of P&L, balance sheet and cash flow. The only download is the 'Latest documents package' zip on the IR top. We read its directory in the page: it holds only PDFs (decks, MTP, Q&A, Integrated Report, a tanshin) and a .url shortcut. The Japanese 財務・業績 page has no data file either.
F7Guidance disclosed in English with the basis explained5/5
The FY2026/3 English tanshin (13 May 2026) gives the FY2027/3 forecast with an interim split and segment sales: SPE ¥141.5bn, Metrology ¥40.0bn, total ¥181.5bn, OP ¥40.0bn. It explains the market view segment by segment: HPC/generative AI, memory and logic capex, a higher prober mix, and Middle East risk not yet factored in. The deck's 'Premises of FY2027/3 Forecast' page sets out order and sales assumptions by end-market. The Q1 FY2027/3 tanshin explains the 4 Aug upward revision to ¥189.0bn / ¥44.0bn: shipment plans and order forecasts were reviewed and both segments raised. The Q1 deck gives the revised segment forecasts (SPE ¥147.5bn, Metrology ¥41.5bn) and states 'Forex assumption remains unchanged: ¥150 / US$'. FX, market view and segment forecasts, with revisions explained. Source document →
F8English financial disclosure current to the latest Japanese filing period5/5
English results for the three months to 30 June 2026 published 4 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 Mid-term Business Plan FY2026/3-FY2028/3 was published in English on 9 May 2025, the same day as the Japanese 中期経営計画: a presentation plus a 24-page version with notes. Its quantified targets, set for any single fiscal year in the plan, are sales ¥185.0bn (SPE ¥140.0bn, Metrology ¥45.0bn), OP ¥45.0bn, OP margin 24% and ROE 15%. It also gives the premises (SPE target-market CAGR +5%), R&D of ¥35-40bn and capex of ¥30-40bn over three years, and a 40% payout target. The FY2026/3 English deck reposts the targets with a first-year summary. Complete and on the Japanese day. Source document →
S2IR presentations published in English5/5
For FY2027/3 Q1 (4 August 2026) the English library has the presentation (23 pages), the presentation with notes (23 pages, speaker narrative) and the Q&A Summary (4 pages, file dated 7 August like the Japanese 3-page 質疑応答 要約). The same three items are posted for every quarter of FY2026/3 and FY2025/3. The Japanese set item for item. Source document →
S3English equity-story or investment-highlights page5/5
The English IR site has no 'why invest' page. Integrated Report 2025 (English) has a dedicated 'At a Glance' section (pp6-8) and a 'Core technologies and three strengths' spread. The section covers being 'the only semiconductor manufacturing equipment manufacturer with measurement technologies', 'Top share of the global market' for probing machines, top Japanese share for metrology lines, and the business portfolio. Re-checked 21 Oct 2026 under the rule as written: a named market rank counts as a quantified strength. A dedicated section with quantified strengths, so 5. Source document →
S4Growth drivers identified and quantified in English4/5
The English MTP and decks name the growth drivers: high-value probers for HPC/HBM, grinders and dicers for advanced packaging and hybrid bonding, large-panel PLP, compound semiconductors, and, in Metrology, aerospace/defence, battery testing and automation. Some are quantified: the SPE plan premises a target-market CAGR of +5%; HPC/generative-AI sales and profit contribution is expected to rise to about 40%, then mid-40% in the Q1 FY2027/3 deck; the prober/assembly mix is about 60/40; segment sales targets are ¥140bn and ¥45bn; and capacity capex (Nagoya plant, Hachioji plant) is ¥30-40bn. There is no market size or share figure. Named, some quantified. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
An English Q&A Summary is posted for every quarterly briefing, as on the Japanese side (質疑応答 要約). The listing dates match for FY2026/3 Q1 (5 Aug 2025), Q2 (6 Nov), Q3 (10 Feb 2026) and the full year (14 May 2026). The latest, Q&A Summary - FY2027/3 1Q (4 pp), was listed in English IR News on 14 Aug 2026 against the Japanese on 7 Aug, although the English PDF was created 7 Aug. Every period, latest one a week late. Source document →
S6Integrated or annual report available in English4/5
Integrated Report 2025 in English, 84 pages (December 2025), covering mainly April 2024 to March 2025 - matching the Japanese 84-page edition, which is also the latest. A March year-end company's report on the year to March 2025: complete, one edition behind. Source document →
S7Progress against the previous plan, including misses, explained in English5/5
The English MTP (9 May 2025) opens with 'Review of Previous MTP – Quantitative Targets' (p4), which sets the FY2023/3-FY2025/3 targets against actuals: sales ¥170.0bn target (SPE ¥132.0bn, Metrology ¥38.0bn) vs ¥150.5bn; OP ¥37.5bn / 22% vs ¥29.7bn / 20%; ROE 15% vs a three-year average of 15%. Each variance is explained, for example SPE short on sluggish consumer demand and margins hit by component costs. Segment reviews (pp5-6) and company-wide actions (p7) follow. Target against actual, variances explained. Source document →
G1Corporate governance report available in English5/5
Corporate Governance Report in English, 23 pages, 'Last update: June 23rd, 2026', posted to the English IR news on 23 June and linked from the Corporate Governance Policy page. The TSE filing in English, current. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The English Notice of the 103rd AGM (27 May 2026) covers the seven candidates (Yoshida, Kimura, Hokida, Pradhan, Takamasu, Mori and Kawasaki). Each has a dated career, reasons for nomination, the external directors' terms of office (for example six years for Takamasu) and their Independent Director designation. Its skills matrix covers all ten directors after the meeting, with independence (◎), major experience and committee seats. Integrated Report 2025 (pp64-65) gives the dated careers of all ten, including the three continuing Audit and Supervisory Committee members not up for election (Akimoto, Sagara, Takayama). Every director, with tenure, expertise and independence. Source document →
G3Board skills matrix published in English5/5
The English Notice of the 103rd AGM (pp11-12) has 'Structure of the Board of Directors (Skills Matrix, etc.)' for the board after the 22 June 2026 meeting. It covers all ten directors with age, independence, gender and nationality, committee membership and nine skill areas (management, industry, technology/IP, sales, international, finance, legal/risk, HR, IT). Integrated Report 2025 also has a matrix. Current matrix in English. Source document →
G4Executive remuneration structure and its performance linkage explained in English5/5
The English Corporate Governance Report (23 Jun 2026, Principle 3.1) sets out the structure. Executive directors receive base compensation plus performance-linked cash and BBT stock compensation; ASC members and external directors receive base pay only. It gives the formulas: bonus = consolidated net profit × 0.6% × base coefficient × a group coefficient from OP against target (0.7-1.3 grid) × an intercompany coefficient (0.9-1.1). Stock points scale with 3-year average ROE (above 15% 1.2, 10-15% 1.0, below 10% 0.8), an ESG coefficient and MTP OP target achievement. The report also gives FY2026/3 totals (¥481m, ¥23m, ¥42m). The English yuho summary for FY2025/3 gives amounts by type, for example executive directors ¥686m: basic 227, performance-linked 261, restricted stock 16, BBT 182. It also gives individual pay above ¥100m. Structure, KPIs with weights, amounts by type. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 103rd Annual General Meeting in English, posted in IR News on 27 May 2026 (electronic provision from 26 May) for a meeting on 22 June - 26 days. 13 pages with the Reference Documents for all three proposals, every director candidate with reasons for nomination and the Audit and Supervisory Committee's opinion. It says voting is by mail or via the Internet; the 'Guidance on Exercising Voting Rights' page it mentions is not in the English, so no deadline or URL is given, but no route is labelled Japanese-only. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the company's FAQ names Mizuho Trust & Banking and its voting website, soukai.mizuho-tb.co.jp, which 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
Resolutions of the 103rd Annual General Meeting (22 June 2026, 1 page) says each proposal 'was approved and resolved as originally proposed' - no vote counts or ratios. The English IR news for May-July 2026 has the notice, the resolutions and the governance report, and no voting-results document. Outcome only. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English CG report (Principle 1.4, 23 Jun 2026) gives the policy: the board reviews each holding on risk/return and qualitative grounds, reduces those not worthwhile and votes on concrete criteria. It reports progress: 21 holdings (including deemed holdings) sold for ¥8,781m between April 2015 and March 2026. The English yuho summary for FY2025/3 discloses 23 listed holdings (¥2,677m) and 1 unlisted (¥111m), with a purpose for each. There is no reduction target or schedule in the CG report, the Integrated Report 2025 or the MTP. Policy, numbers and progress, no target. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (accretech.com/en/) has a visible 'Investor Relations' link in its footer that goes straight to the IR top, and its IR News block links IR documents directly. One click. The header 'Investor Relations' item opens a click mega-menu whose first entry is the IR top, which takes two clicks. Source document →
O2English document links resolve to English documents3/5
We sampled 22 English document links, and 20 were English. Tanshin: Q1 FY2027/3, FY2026/3 (revised), FY2023/3. Decks: FY2026/3 (revised), Q1 FY2027/3, Q2 FY2026/3 (revised). Q&A: Q1 FY2027/3, Q3 FY2026/3. Also the MTP with notes, the IR-news MTP, Integrated Report 2025, AGM notices 2026 and 2025, the 103rd AGM resolutions, CG report 2026, yuho summaries FY2025/3 and FY2024/3, the dividend revision notice and the deck correction notice. Two were not English. The 'Investor's Notes' (kabunushi_103.pdf) is the Japanese 株主通信, and its page says '(in Japanese)'. The 'Latest documents package' zip on the IR top, offered without a language label, carries FS_2027-3_1q_J.pdf instead of the English tanshin. Its size, 542,159 bytes, matches the Japanese tanshin; the English one is 227KB. That second Japanese document is unlabelled. Source document →
O3English IR archive free of dead links5/5
We opened the 22-link sample from O2, covering May 2023 to August 2026, in the rendered browser. Every link loaded, including the 2023 tanshin, 2024 yuho and 2025 AGM notice; none was dead. All live. Source document →
O4English IR pages render without blank JavaScript failures5/5
These English pages all rendered their content: IR top (news, latest materials), IR News (year tabs 2017-2026, category filter, pager), IR Library and its sub-pages, Key Financial Data (highlights, segment and statement tables with charts), Stock Information, Annual Shareholders Meeting, Dividends, IR Calendar, FAQ and Integrated Report. Stock Price Information only links out to SMBC Nikko, which is a third-party page and not a failure. No blank lists or widgets. Source document →
O5Single page listing all English IR documents by date and type4/5
English IR News is one dated list going back to 2017 (280 items), with year tabs and a coarse filter (All / IR / Other / Meeting of shareholders). It carries every type: tanshin, decks, Q&A summaries, MTP, timely notices, yuho summary, CG report, AGM notices and resolutions, and integrated-report notices. The filter is not by document type. The IR Library splits the same material by type across five pages. One dated all-types list, not typed. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is well populated. English tanshin run every quarter from FY2018/3 to Q1 FY2027/3, and decks and Q&A summaries cover the same period. Yuho summaries go back to FY2022/3, AGM notices and resolutions to the 100th meeting, and IR News to 2017. Several years across every document type. Source document →
O7Named English IR contact published4/5
The English IR top's IR menu has 'Contact Us', which opens 'Inquiries regarding IR-related matters', a dedicated English IR form (brochure requests and questions). The tanshin names Kimito Koizumi, Managing Executive Officer and CFO, +81-(0)42-642-1701. Dedicated and immediately obvious. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
Listing dates, English against Japanese IR News: Q1 FY2027/3 tanshin and deck 4 Aug 2026 both. FY2026/3: 13 May 2026 both, and the corrected versions 18 May both. Q3 FY2026/3: 6 Feb 2026 both. Q2 FY2026/3: 4 Nov 2025 both (the English deck was re-posted 6 Nov with axis and legend fixes). The 'with notes' decks also appear the same evening on both sides. PDF creation dates agree (for example both Q1 tanshin 3 Aug). Tanshin and deck same day, every period read. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Per-document lags (Japanese → English): Q1 FY2027/3 tanshin 4 Aug → 4 Aug 2026 = 0. FY2026/3 tanshin 13 May → 13 May 2026 = 0 (both corrected 18 May). AGM notice 26 May → 27 May 2026 = 1. CG report 23 Jun → 23 Jun 2026 = 0. Annual securities report filed in Japanese 19 Jun 2026, no English yet (the IR top says an abridged translation will follow) = >90. Median 0 days. Source document →
R3Timely disclosures published in English5/5
From 16 Oct 2025 to 16 Oct 2026 the Japanese timely disclosures beyond results and decks (checked against the Japanese IR News and the IRBANK TDnet list) were seven. They are: forecast and dividend revision (4 Nov 2025); year-end dividend (13 May 2026); the tanshin correction, deck correction, internal-control policy revision and investment-unit policy (18 May 2026); and the dividend projection revision (4 Aug 2026). All seven have English versions in English IR News on the same day. So do the board-effectiveness summary (18 May), the CG report (23 Jun) and the R&I rating news (15 Dec 2025). All, same day. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
No machine-translation notice anywhere. The rendered IR top, IR News, Financial Statements, IR Disclosure Policy and Terms of Use pages carry none, and neither do the tanshin, decks, Q&A summaries, CG report or AGM notice. The documents and the IR Disclosure Policy say the English is 'translated from the Japanese original' and that the Japanese prevails, which is R5 language. The header language menu links to separate regional sites, not a translation widget. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The tanshin, both results decks, the Q&A summary, the AGM notice and resolutions, the Corporate Governance Report and the yuho summary all say 'the original shall prevail'. The Integrated Report 2025 carries no such statement. Disclaimed on some documents, nearly all. 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 →
FY2026/3–FY2028/3 medium-term business plan
Strategy or target reset · In progress · Action announced 9 May 2025
Tokyo Seimitsu published operating targets and three-year R&D, capex and shareholder-return policies. The final plan outcome is not due.
Timeline and sources (1 step)
- 9 May 2025Plan announced The plan set a single-year target of ¥185bn sales, ¥45bn operating profit, 24% margin and 15% ROE within FY2026/3–FY2028/3. Mid-term Business Plan FY2026/3–FY2028/3
What management said it would do
Tokyo Seimitsu set operating and ROE targets for a single year within FY2026/3–FY2028/3 and quantified R&D, capex and shareholder-return policies.
From the company’s own disclosure · Mid-term Business Plan FY2026/3–FY2028/3
What it actually did, and when
The plan and current IR materials are available, but a cumulative plan-versus-actual investment bridge is not in this selected review.
Partly disclosed — a gap remains · Mid-term Business Plan FY2026/3–FY2028/3 · Investor Relations
What it disclosed about the economics
The plan links investment to growth and sets a 40% payout target, but project-level hurdle rates are not disclosed.
Partly disclosed — a gap remains · Mid-term Business Plan FY2026/3–FY2028/3
What has happened since
The final plan period is not complete.
Partly disclosed — a gap remains · Mid-term Business Plan FY2026/3–FY2028/3
The question this leaves open
Investor question: Which year will deliver the targets and what returns are expected from the capex range? IR preparation: publish annual milestones and a project-level investment bridge.
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
Tokyo Seimitsu plans ¥35–40bn R&D, ¥30–40bn capex, a 40% payout target and flexible buybacks.
Capital structure
The plan emphasizes investment and returns but the selected presentation does not define a target leverage or liquidity range.
Governance of capital decisions
The plan reviews prior-plan investment and ROE and sets new financial and cash-allocation targets; governance reporting is separately available.
Preliminary and not scored: a selected-source reading, reviewed 24 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.
- Research error 21 October 2026 · S3: 4 → 5. The English integrated report's At a Glance gives the top global share in probing machines and top Japanese shares in metrology. A named market rank counts as a quantified strength; the earlier score treated ranks without a percentage as qualitative.
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.