SCREEN Holdings Co., Ltd.
Cite as: Japan IR Index, SCREEN Holdings Co., Ltd. (7735), 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.
O5 Single page listing all English IR documents by date and type 4/5 Quick fix
Keep one English page that lists every IR document with its date and type.
O7 Named English IR contact published 4/5 Quick fix
Link a dedicated IR contact (form, address or e-mail) from the English IR section.
F6 Multi-year financial data file (Excel or CSV) downloadable in English 4/5 Quick fix
Post the financial figures the company already publishes as an Excel or CSV file with English labels.
S5 Results-briefing transcripts or Q&A published in English 4/5 Translation
Publish the results-briefing Q&A summary in English, on the same day as the Japanese.
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) and 2 changed under rule changes 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 (Electric Appliances) | 80.8 | 1 of 33 |
| Same size band (Over ¥2tn) | 87.3 | 2 of 10 |
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, 33 scored 3 or more and 0 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 Report for the First Quarter Ended June 30, 2026, dated 28 July 2026 like the Japanese 第1四半期決算短信 and announced in English IR News that day: 14 pages against the Japanese 14, with the qualitative information, statements and segment information, plus the reviewed version (13 August, 15 pages) mirroring the Japanese one. Every quarter of FY2026 is in the English IR library. Complete and on the Japanese cycle. Source document →
F2English results summary is a full translation, not an excerpt5/5
The English 'Consolidated Financial Report for the First Quarter Ended June 30, 2026 (under Japanese GAAP)' (28 Jul 2026) is 14 pages, the same as the Japanese 2027年3月期 第1四半期決算短信 (14). It has the summary pages with the forecast and dividend revision, then: business results with a narrative for each of the four segments, financial position, cash flows, the qualitative forecast section (revised forecast with a segment table and FX assumptions), the balance sheet, income and comprehensive income statements, the cash flow statement, and the notes (going concern, accounting policies, segment information with definitions and the restatement for the April 2026 segment change). It ends with the two-page highlights and sales-breakdown supplement that the Japanese also has. The FY2026 year-end report has 20 pages against the Japanese 20. The reviewed version (13 Aug) mirrors the Japanese one. A whole translation. Source document →
F3Financial statements including notes available in English5/5
The latest-period English tanshin (Q1 FY2027, 28 Jul 2026) has the full quarterly statements: balance sheet, income and comprehensive income, and cash flows. Its notes cover going concern, shareholders' equity, the accounting policies specific to quarterly statements, and the segment information with reconciliation to operating income. There is also a version with the auditor's interim review report (13 Aug). At the year end, the Annual Report 2026 Financial Section (44 pp) has the full statements and notes and KPMG AZSA's audit report. Full statements and notes for the latest period. Source document →
F4Annual securities report available in English in any form4/5
No yuho under that name, but the Annual Report 2026 Financial Section (44 pages, September 2026, year ended March 31, 2026) carries management's discussion and analysis, business and other risks, the consolidated statements with notes including segment information, and KPMG AZSA's independent auditor's report; the company overview, governance and the rest of the narrative are in the English Annual Report 2026. A separately titled MD&A, statements and audit opinion with the other narrative elsewhere. Source document →
F5Segment revenue and profit disclosed in English, consistent definitions5/5
There are four reportable segments: SPE, GA, FT and PE, plus Other. Every English tanshin gives net sales (external and intersegment) and segment income for each, reconciled to operating income. Q1 FY2027 examples: SPE ¥93,133m and ¥14,388m; GA ¥13,832m and ¥1,421m. The note defines each segment's products and states that the adjustment is HQ cost. The April 2026 move of advanced packaging into FT is explained and the prior year is restated. The tanshin also has a quarterly sales breakdown by segment and region, the decks have segment sales and OP every quarter, and the Excel highlights file has five years of segment sales and OP. Every period, with stated definitions held consistent through restatement. Source document →
F6Multi-year financial data file (Excel or CSV) downloadable in English4/5
The English Financial highlights page (/en/ir/finance) has an 'Excel Batch download' link. It serves Highlights_E_2606.xlsx, which we read in the browser. There are three sheets, all 'As of July 28, 2026'. 'Key financial indicators' covers FY2022-FY2026 plus the FY2027 forecast: net sales, OP, margin, net profit, D&A, capex, R&D, EPS, total assets, net assets, equity ratio, ROE and DPS. 'Performance trends by segment' gives five years of sales and OP for SPE, GA, FT and PE. 'Cash Flows' gives operating, investing, free and financing CF by quarter for FY2024-FY2026 only. It is a spreadsheet with five years of P&L and per-share data and segments. But the balance sheet is only total assets and net assets, and cash flow covers three years, so it is narrower than full statements. The Fact Book (16 pp) is a PDF. The homepage 'Batch Download' is a 2024 zip of PDFs, not data. Excel, but narrower than the 5 band. Source document →
F7Guidance disclosed in English with the basis explained5/5
The forecast and its basis are in English. The Q1 FY2027 tanshin (28 Jul 2026) revises the full-year forecast to sales ¥743.0bn, OP ¥156.5bn and net ¥115.0bn, with H1 figures, and gives the reason ('based on the current client investment trends'). It breaks the forecast down by segment (SPE ¥620.0bn, GA ¥60.0bn, FT ¥43.0bn, PE ¥16.5bn) and states the FX assumptions (USD 150, EUR 175 from Q2). The deck (35 pp) sets the May forecast against the July forecast by segment for sales and OP (p.12), gives FX sensitivity (¥0.14bn per yen for USD) and an OP-bridge forecast. It also gives the market view (p.17: WFE growth of 20% or more, to $140B or more in CY2026, by application and for China) and half-year segment forecasts by application and destination. FX, market view, segment forecasts and the revision 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 28 July 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 Value Up Further 2026 (FY2025/03-FY2027/03). The English medium-term management plan page carries its strategies and all targets: three-year cumulative sales of ¥1.8tn or more, average OP margin of 19% or more, ROIC of 15% or more and a payout ratio of 30% or more, plus non-financial targets (engagement of 70% or more; Scope 1+2 down 70% and Scope 3 down 48% against FY2019/03). This matches the Japanese 中期経営計画 page line for line. The English notice (3 pp) and the FY2024/03 deck section (pp.28-41, with segment targets) are both dated 9 May 2024, the same day as the Japanese. The yearly progress updates are also same-day in English: FY2025 deck pp.29-30 (9 May 2025) and FY2026 deck pp.26-28 (13 May 2026). Complete and current. Source document →
S2IR presentations published in English5/5
For every quarter the English library matches the Japanese item for item: the results presentation (Q1 FY2027: 35 pages, 28 July 2026), the FAQ / Q&A (3 pages, 29 July), and a translation of the speech-to-text transcript (34 pages) where the Japanese side posts a script, plus the IR Day deck, FAQ and scripts. Every period, with the supplements. Source document →
S3English equity-story or investment-highlights page5/5
'SCREEN at a glance' (/en/overview) is a dedicated English page, linked from the homepage. It gives year founded, 52 global sites, net sales ¥605.7bn, OP ¥122.5bn, 6,884 employees and an A+ JCR rating, and lists the global market-share leadership categories (single-wafer and batch cleaning, spin scrubbers, display coater/developers, POD inkjet, CTP, solder-resist direct imaging) with a business overview. The English Annual Report 2026 has an 'At a glance' spread (p.5) with sales by destination and the No.1 global share categories. Its SPE section quantifies the shares: 34%, 43% and 56% global share, No.1 in CY2025 (Gartner). The Fact Book 2026 adds five-year metrics. A dedicated at-a-glance section with quantified strengths. Source document →
S4Growth drivers identified and quantified in English5/5
The drivers are named and numbers are attached in English. The FY2026 deck (13 May 2026) gives the WFE outlook (CY2025 $117B, CY2026 up 15-20% to about $134-140B) by application (foundry leading edge, AI-driven DRAM/HBM, NAND recovery, WLP/PLP advanced packaging). It shows SPE sales by application and destination, segment forecasts, and three-year cumulative sales and margin targets by segment against progress (p.27). The Value Up Further 2026 launch deck sets out market outlooks with CAGRs (WFE $93B to $110B; FPD, digital-printing and PCB-equipment markets) and segment targets (SPE ¥1.5tn or more cumulative). The Annual Report gives global shares (34-56%). Named drivers with market size, share and contribution to target. Source document →
S5Results-briefing transcripts or Q&A published in English4/5
Every Japanese briefing Q&A has an English counterpart on the same day. Q1 FY2027: Japanese 決算関連Q&A and English 'Q&A on 1Q Earnings', both 29 Jul 2026 (English 3 pp). FY2026: both 14 May, with the addition on 8 Jun on both sides. Q3 FY2026: both 2 Feb, with the addition on 2 Mar. Q2 FY2026 and Q1 FY2026: both 3 Nov 2025 and 28 Jul 2025. The IR Day 2025 Q&A is dated 19 Dec on both sides. Where the Japanese posts a full transcript (決算説明会スクリプト), the English library has a 'Translation of the speech-to-text data' (SCRIPTS Asia, 34-38 pp): FY2026 and Q3 FY2026 have the same PDF creation dates as the Japanese (25 May and 5 Feb). For Q1 FY2027 the English transcript PDF was created 12 Aug against the Japanese script's 29 Jul (modified 13 Aug); neither news list dates the scripts. The IR Day scripts are in English too (19 Dec). The Q&A summary is in English the same day for every briefing, and the transcript is translated as well, which read as 5 before the lag ruling. Re-scored 23 Oct 2026 under the owner's S5 lag ruling: the English translation of the Q1 FY2027 full transcript came about two weeks after the Japanese script, so that period is late, though the Q&A summary was same day. So 4. Source document →
S6Integrated or annual report available in English5/5
Annual Report 2026 (Integrated Report) in English, 80 pages (30 September 2026), covering the year ended March 31, 2026, the same page count as the Japanese アニュアルレポート2026, with a 44-page Financial Section and a Sustainability Data Book. Current and complete. Source document →
S7Progress against the previous plan, including misses, explained in English4/5
The FY2024/03 English results deck (9 May 2024, pp.29-31), which launched the current plan, reviews the previous plan, Value Up 2023. It sets the initial and July-2022 revised targets against FY2024/03 actuals: sales ¥400bn and ¥500bn or more vs ¥504.9bn; OP margin 15%/17% or more vs 18.6%; ROE 15%/20% or more vs 21.0%; four-year operating CF ¥240bn or more vs ¥309.1bn; total return ratio 30.6%. It does the same by business: SPE ¥280-300bn vs ¥417.6bn; FT ¥45-50bn vs ¥23.2bn at -1.8% margin; GA; PE. A qualitative scorecard follows, and p.35 compares the previous four-year results with the new targets. The only explanation is the one-line 'Managed to meet all targets by enhancing profitability and efficiency'. The large FT shortfall is set out but not explained. A target-versus-actual reconciliation without the variances explained. Source document →
G1Corporate governance report available in English5/5
The Corporate Governance Report in English, 31 pages, 'Last update: July 7, 2026', linked from the English Basic concept regarding corporate governance page and announced in English IR News. Current. Source document →
G2Director biographies in English with tenure, expertise and independence5/5
The whole board stands for election each year. The English Notice of the 85th AGM (29 May 2026, 51 pp), Proposal No. 2, profiles all eight director candidates: Hiroe, Goto, Kondo, Ishikawa, Okudaira, Narahara, Sato and the new candidate Kawahashi. Each has years in office (e.g. Hiroe 7), board attendance, shares held, a dated career history, responsibilities and the reasons for nomination. 'Outside / Independent' is marked for each outside director, the notes say they are registered with TSE, and the independence criteria are set out in full. The A&SB candidate is profiled the same way. Every director, with tenure, career and independence. Source document →
G3Board skills matrix published in English5/5
The English Notice of the 85th AGM (May 2026) has 'Reference: Skills matrix of directors and Audit & Supervisory Board members' (pp.23-24). It defines the skill categories, then maps all eight directors and four A&SB members, as they will be after the meeting, against management, global, semiconductors, sales and marketing, R&D and innovation, production and supply chain, finance, and sustainability. The Annual Report 2026 notes that the matrix was revised this year. The current matrix in English. Source document →
G4Executive remuneration structure and its performance linkage explained in English4/5
The English Annual Report 2026 (p.69) gives the structure: basic remuneration, performance-linked cash bonus capped at 50% of basic, and performance-linked share compensation capped at about 40%; outside directors get no shares. It gives the KPIs with their FY2026/03 achievement bands and results: OP margin 15.9-18.4% vs 20.2%, ROIC 15.0-19.5% vs 20.0%, GHG reduction 62.3% vs 70.0%. Amounts are given by pay type and category: internal directors ¥511m (basic ¥214m, bonus ¥115m, share ¥180m, 5 people), internal A&SB ¥57m, outside officers ¥96m. The Corporate Governance Report (Jul 2026) restates the policy. Only the per-person yuho detail is Japanese-only. Re-checked 21 Oct 2026 under v1.1.1, which needs the weight of each performance measure in every performance-linked element: the bonus and share plans use operating margin, ROIC and GHG reduction with no weights. So 4. Source document →
G5AGM notice in English with sufficient lead time to vote4/5
Notice of the 85th Ordinary General Meeting in English, posted 29 May 2026 (file created 28 May) for a meeting on 26 June - 28 days - 51 pages with the Reference Documents for all four proposals, every director candidate set out. Voting in writing or online at web54.net by 5:00 p.m. on 25 June, with no Japanese-only label on the voting route (only the live stream and some statutory financial attachments are Japanese-only). Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the voting website named in the English notice, www.web54.net (Sumitomo Mitsui Trust Bank), 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 English5/5
Voting Results of the 85th Ordinary General Meeting: the English extraordinary report filed 29 June 2026, giving approval, disapproval and abstention counts and the approval ratio for every proposal and each candidate (e.g. Proposal No. 1: 768,854 / 5,891 / 139, 97.7%), alongside the notice of resolutions. Source document →
G7Cross-shareholdings in English with reduction schedule and rationale3/5
The English Annual Report 2026 (CFO section) says the group holds about ¥52.2bn of investment securities as of 31 Mar 2026. The board reviews each holding yearly on quantitative and qualitative grounds, and a holding whose dividend and transaction returns fall below WACC becomes a candidate for reduction. Holdings in seven companies were reduced in FY2026/03, and 46 investees totalling ¥13.7bn have been divested since 2015. The company will not oppose an investee's own sale. The English CG Report (Principle 1-4) gives the policy, the annual review and the voting policy. The direction is 'with an eye to reducing our total holdings' and 'continue efforts to reduce', with no numeric or zero target and no schedule. Policy, amount and progress, but no target. Source document →
O1English IR section reachable within two clicks of the English homepage5/5
The English homepage (screen.co.jp/en) has a visible 'IR' tile in its body ('Management policy, IR calendar, financials, bond & stock information...'). It links straight to /en/ir, and so does 'More IR news'. The 'Investors' global-nav item opens a mega panel when clicked (rendered and screenshotted), and its 'Investors' link reaches the IR top on a second click. One click by the homepage tile. Source document →
O2English document links resolve to English documents5/5
We sampled 22 English document links across types and years, and every one is an English document. Tanshin: Q1 FY2027, FY2026, Q3 FY2026, FY2024 (May 2024), FY2020 (May 2020), FY2012 (May 2012). Decks: Q1 FY2027, FY2026, FY2024 with notes, FY2012. FAQs: Q1 FY2027, FY2024, FY2020, IR Day 2025. Also IR Day script part 1, the Q1 FY2027 transcript translation, AGM notices 84th and 81st, the 85th resolutions notice, Annual Reports 2023 and 2026, and the Sustainability Data Book 2026. The Fact Book is a bilingual Japanese/English document, and the one in-document link marked 'in Japanese only' (FY2024 deck p.45) is labelled. Source document →
O3English IR archive free of dead links5/5
All 22 sampled links, 2012-2026, resolved through the download_file redirect to a live PDF (1 to 80 pp). None were dead. The homepage 'Latest information - Batch Download' resolves too, but to a stale 2024 zip (SCREEN_finance_2024_E: Q1 FY2025 documents), which is out of date rather than dead. All live. Source document →
O4English IR pages render without blank JavaScript failures5/5
We rendered these English pages in Chromium: the IR top (schedule, latest news, downloads, index list), IR library FY2027 and FY2026, the library archive list (FY2008-FY2027), IR News, Financial highlights (tables), the MTP page, Annual reports, Fact books, Shareholder meetings (2015-2026), the IR calendar and the Stock Chart. The stock chart is a stockweather iframe that rendered its price, volume and history. The FY2027 library has an embedded YouTube video that loaded. Every page rendered its content; no empty lists. Source document →
O5Single page listing all English IR documents by date and type4/5
The English IR News (/en/ir/news, with year tabs 2019-2026) is one dated list across all document types: results, decks, FAQs, review-completed reports, dividend and other notices, AGM notice, resolutions and voting results, CG Report, Annual Report, Financial Section, Fact Book. It is not typed (no category labels or filter). The IR library is a separate page per fiscal year holding earnings materials, annual reports and fact books by quarter. AGM materials are on a separate Shareholder meetings page, and the annual report and fact book have pages of their own. One dated all-types list, untyped. Source document →
O6English archive genuinely populated, not an unverifiable shell5/5
The archive is deep. The English IR library has fiscal-year pages from FY2008 to FY2027, with tanshin, decks, FAQs (sampled back to 2020) and annual reports. Shareholder meetings has notices from the 74th (2015) to the 85th (2026), with resolutions and slides. Annual reports, financial sections and sustainability data books run 2023-2026 on the annual page, older ones in the library. Fact Books / Investors' Guides run 2008-2026, and IR News 2019-2026. Several years across types. Source document →
O7Named English IR contact published4/5
The English IR top page (screen.co.jp/en/ir) has a tile, beside 'Click here to subscribe to our IR email alert service' and 'Frequently asked questions', that opens a dedicated English IR form, 'About IR information' (inquiry types: IR information in general, request documents, others). The tile's label, 'Inquiries about this site', undersells it, but it is on the IR top and leads straight to an IR-only form. The tanshin also names Manabu Ishimura, Managing Executive Officer, Head of Financial Strategy, +81-75-414-7155. Re-checked 23 Oct 2026 after the independent audit; the earlier note described the link as footer-style. Dedicated and linked from the IR top, so 4. Source document →
R1Earnings materials published in English simultaneously with Japanese5/5
The tanshin and deck are same-day in English every period, by the English and Japanese IR news lists and TDnet. Q1 FY2027: 28 Jul 2026 on both sides (TDnet 15:35, English and Japanese tanshin). FY2026: 13 May 2026 on both. Q3 FY2026: 30 Jan 2026 on both. Q2 FY2026: 31 Oct 2025 on both. Q1 FY2026: 25 Jul 2025 on both. The review-completed versions are also same-day (13 Aug, 13 Feb). Both language versions of the decks were re-uploaded later (PDF creation 31 Aug and 10 Sep 2026 for both), so the listing dates are used. Tanshin and deck same day, every period. Source document →
R2Median lag in days between Japanese and English statutory publication5/5
Japanese date, then English date, from the IR news lists and TDnet. Q1 FY2027 tanshin: 28 Jul / 28 Jul = 0. FY2026 tanshin: 13 May / 13 May = 0. 85th AGM notice: 29 May / 29 May = 0 (TDnet 08:00 both). Corporate Governance Report: 7 Jul / 7 Jul = 0 (TDnet 17:38 and 18:00). Yuho: Japanese 25 Jun 2026, with no English yuho. The closest English document is the Annual Report 2026 Financial Section of 24 Sep (91 days), so it counts as more than 90 either way. Sorted: 0, 0, 0, 0, >90. Median 0 days. Source document →
R3Timely disclosures published in English5/5
TDnet (as listed on kabutan) from 16 Oct 2025 to 16 Oct 2026. Every Japanese timely disclosure has a same-day English one on TDnet and on the English IR News. Interim dividend: 31 Oct 2025. CG Reports: 14 Nov 2025 and 7 Jul 2026. Stock split and articles amendment: 30 Jan 2026. Year-end dividend: 13 May. AGM notice: 29 May. Smaller investment units policy: 25 Jun. Dividend forecast revision: 28 Jul. Each quarterly tanshin and review-completed version is same-day too. The IR-news-only board-effectiveness summary (29 May) is also same-day in English. Japanese-only filings: the 独立役員届出書 (11 Jun 2026, the TSE independent-officer form) and the 定款 posting (3 Apr 2026, articles text). Neither is a timely disclosure of the scored types. All, same day. Source document →
R4English disclosure free of machine-translation accuracy disclaimers5/5
We rendered and searched the English homepage, IR top, IR library, IR FAQ, governance page and Terms of Use. There is no machine- or AI-translation notice, banner or pop-up. The transcript translations say 'This document has been translated by SCRIPTS Asia' (a human vendor) and carry JPXI's general transcript-accuracy disclaimer, which is not a machine-translation statement. The AGM notice's 'the original shall prevail' is R5 language. Nothing is presented as machine-translated. Source document →
R5English version stated as authoritative, not subordinate to Japanese2/5
The AGM notice says 'the original shall prevail'. The tanshin, the results presentation, the Corporate Governance Report and the Annual Report 2026 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 →
Value Up Further 2026 capital allocation
Strategy or target reset · In progress · Action announced 9 May 2024
SCREEN set three-year financial and return targets and subsequently updated cash-allocation estimates. The final FY2027 results and cumulative reconciliation are not due.
Timeline and sources (2 steps)
- 9 May 2024Plan announced SCREEN targeted at least ¥1.8tn cumulative sales, average operating margin of at least 19%, ROIC of at least 15% and payout of at least 30%. Value Up Further 2026 Medium-term Management Plan
- 31 March 2026 · announced 13 May 2026Two-year progress update SCREEN reported FY2026 results and updated three-year R&D, capex, strategic-investment and dividend estimates. FY2026 Financial Results Presentation · Financial Highlights
What management said it would do
SCREEN set three-year cumulative sales, average margin, ROIC and shareholder-return targets.
From the company’s own disclosure · Value Up Further 2026 Medium-term Management Plan
What it actually did, and when
It updated FY2026 results and three-year R&D, capex, strategic-investment and dividend estimates.
From the company’s own disclosure · FY2026 Financial Results Presentation · Financial Highlights
What it disclosed about the economics
The plan ties growth investment to ROIC of at least 15% and a payout ratio of at least 30%, with flexible buybacks.
From the company’s own disclosure · Value Up Further 2026 Medium-term Management Plan
What has happened since
FY2026 operating margin reached 20.2%, but the final cumulative FY2027 outcome is not due.
Partly disclosed — a gap remains · Financial Highlights · FY2026 Financial Results Presentation
The question this leaves open
Investor question: What returns have the strategic-investment and capex buckets produced? IR preparation: reconcile original, updated and actual allocation with business-level 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
SCREEN updated its three-year ¥360bn investment fund: estimated R&D ¥112.4bn, capex ¥100.4bn, strategic investment ¥80bn and dividends ¥89.7bn.
Capital structure
The plan states that investment should preserve a risk-resilient financial foundation, but the selected sources do not give a single target leverage band.
Governance of capital decisions
The plan combines portfolio, innovation, financial and facility strategies and uses ROIC of at least 15% as a financial target.
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
- Rule change 23 October 2026 · S5: 5 → 4. The English translation of the Q1 transcript came about two weeks after the Japanese; under the 23 Oct lag ruling that is late.
- 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.
- Research error 23 October 2026 · O7: 3 → 4. The English IR top page links a dedicated IR enquiry form from a tile beside the IR e-mail alerts and FAQ. The earlier note described it as a footer link.
- Rule change 21 October 2026 · G4: 5 → 4. Under v1.1.1, a 5 needs the weight of each performance measure in every performance-linked element. The bonus and share plans use operating margin, ROIC and GHG reduction with no weights.
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.