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October 2026 edition · Methodology GNT-BDS v1.1.1 · Last updated 2026-10-23日本語 / English
Japan IR IndexIndependent research · English disclosure & shareholder communication

PEER PRACTICES

How do other companies solve the same problem?

Explore concrete examples of reusable data, accessible information, and explanations of targets and results.

Three practices, with the evidence

Separate operating peers from useful examples

Business peers

Select peers based on industry, size, business structure and investor audience. Agree the peer group before beginning a diagnostic.

Best-practice examples

A company in a different sector may demonstrate a useful spreadsheet or Q&A format. Such examples are not automatically a fair basis for comparing overall scores.

Examples to follow

For each of the 34 questions, two or three companies that do it well, so an IR team looking for a template can open a real example. This is an evidence-linked reference, not an award or a ranking. Each example has the top score for its question (5, or 4 for O7, which is capped), the examples are spread across sectors and company sizes, and every link was re-opened on the date shown and still showed the practice. An example whose score later falls below the top is removed automatically.

Financial disclosure

F1 Quarterly and full-year results summaries (tanshin) published in English

  • Tokyo Ohka Kogyo Co., Ltd. 4186 Chemicals · ¥500bn–2tn

    Full English results summary (tanshin) every quarter: 10 pages, down to the segment note and cash flows.

    Open the example ↗ Checked 19 October 2026

  • MIURA CO., LTD. 6005 Machinery · ¥100–500bn

    English tanshin the same day as the Japanese, page for page (15 against 15), every quarter back to 2017.

    Open the example ↗ Checked 19 October 2026

  • Fuji Electric Co., Ltd. 6504 Electric Appliances · Over ¥2tn

    Quarterly English tanshin alongside the Japanese: 19 pages with the results discussion, forecasts, statements and segment note.

    Open the example ↗ Checked 19 October 2026

F2 English results summary is a full translation, not an excerpt

  • Zeon Corporation 4205 Chemicals · ¥500bn–2tn

    English 'Full Version' tanshin, 14 pages against 13 in Japanese, with every note the Japanese table of contents lists.

    Open the example ↗ Checked 19 October 2026

  • Toyo Tanso Co., Ltd. 5310 Glass & Ceramics Products · ¥100–500bn

    Half-year English tanshin (15 pages against 13) with everything the Japanese has, down to orders and sales by product.

    Open the example ↗ Checked 19 October 2026

  • NITTOKU CO., LTD. 6145 Machinery · Under ¥100bn

    English Q1 tanshin the same length as the Japanese (13 pages), with all four statements and the segment note.

    Open the example ↗ Checked 19 October 2026

F3 Financial statements including notes available in English

  • DMG MORI CO., LTD. 6141 Machinery · ¥100–500bn

    Full interim IFRS statements and notes in the English tanshin, and a 121-page English annual report on the financial statements with the auditor's report.

    Open the example ↗ Checked 19 October 2026

  • Shimadzu Corporation 7701 Precision Instruments · ¥500bn–2tn

    Q1 English tanshin (21 pages) with the statements and the notes: segment information with reconciliations, equity, going concern, subsequent events.

    Open the example ↗ Checked 19 October 2026

  • Nippon Sanso Holdings Corporation 4091 Chemicals · Over ¥2tn

    Q1 English tanshin with all five IFRS statements and the same notes as the Japanese; at year end, an 80-page English financial report with the auditor's report.

    Open the example ↗ Checked 19 October 2026

F4 Annual securities report available in English in any form

  • Macnica Holdings, Inc. 3132 Wholesale Trade · ¥500bn–2tn

    The whole Annual Securities Report in English (121 pages), posted the day the Japanese was filed: risks, governance and the auditor's report, not only the financials.

    Open the example ↗ Checked 19 October 2026

  • EBARA CORPORATION 6361 Machinery · Over ¥2tn

    Annual Securities Report in English, 232 pages, about five weeks after the Japanese filing, with editions back to FY2021.

    Open the example ↗ Checked 19 October 2026

  • Socionext Inc. 6526 Electric Appliances · ¥100–500bn

    English Annual Securities Report (171 pages) including the internal-control audit report, posted about ten weeks after the Japanese.

    Open the example ↗ Checked 19 October 2026

F5 Segment revenue and profit disclosed in English, consistent definitions

  • Hirata Corporation 6258 Machinery · ¥100–500bn

    Each English tanshin gives external sales, intersegment sales and profit for every segment; the year-end note says how the segments are defined.

    Open the example ↗ Checked 19 October 2026

  • Yaskawa Electric Corporation 6506 Electric Appliances · ¥500bn–2tn

    Segment revenue and operating profit with the reconciliation in every English tanshin, a narrative per segment, and segment forecasts in the deck.

    Open the example ↗ Checked 19 October 2026

  • A&D HOLON Holdings Company, Limited 7745 Precision Instruments · Under ¥100bn

    Segment profit by product line and by region in each English tanshin, with the basis of segmentation stated in the year-end note.

    Open the example ↗ Checked 19 October 2026

F6 Multi-year financial data file (Excel or CSV) downloadable in English

  • Nissan Chemical Corporation 4021 Chemicals · ¥500bn–2tn

    English Excel workbook with fifteen years of annual data (P&L, balance sheet, cash flows, returns, per-share and segment figures) and a quarterly sheet.

    Open the example ↗ Checked 19 October 2026

  • Sodick 6143 Machinery · Under ¥100bn

    An Excel file beside the English highlights charts: five years of results, financial position, cash flows, per-share data, segments and overseas sales.

    Open the example ↗ Checked 19 October 2026

  • Fuji Electric Co., Ltd. 6504 Electric Appliances · Over ¥2tn

    'All Financial Data' Excel, updated with each set of results: quarterly sub-segment data, forecasts with FX assumptions, and yearly figures back to FY2005.

    Open the example ↗ Checked 19 October 2026

F7 Guidance disclosed in English with the basis explained

  • MISUMI Group Inc. 9962 Wholesale Trade · ¥500bn–2tn

    The Q1 English tanshin explains the upward revision line by line, with the reasons and the exchange rates assumed for the rest of the year.

    Open the example ↗ Checked 19 October 2026

  • Shibaura Mechatronics Corporation 6590 Electric Appliances · ¥100–500bn

    The English results deck sets out the forecast by segment, product field and destination, and breaks down the cost of growth investment.

    Open the example ↗ Checked 19 October 2026

  • Resonac Holdings Corporation 4004 Chemicals · Over ¥2tn

    The English half-year deck bridges the previous forecast to the revised one, giving the reason for each change and forecasts by segment.

    Open the example ↗ Checked 19 October 2026

F8 English financial disclosure current to the latest Japanese filing period

↑ Question list

Strategic disclosure

S1 Medium-term management plan in English with numerical targets

  • SANYO DENKI CO., LTD. 6516 Electric Appliances · ¥100–500bn

    New medium-term plan in English the same day as the Japanese, at the same 37 pages, with ROE, payout and other numerical targets.

    Open the example ↗ Checked 19 October 2026

  • Tokyo Seimitsu Co., Ltd. 7729 Precision Instruments · ¥500bn–2tn

    Mid-term plan in English the same day as the Japanese: sales, profit, margin and ROE targets, with the market premises and the R&D and capex budgets.

    Open the example ↗ Checked 19 October 2026

  • Kaga Electronics Co., Ltd. 8154 Wholesale Trade · ¥100–500bn

    English plan deck (the same 18 pages as the Japanese) with final-year targets for the group and for each segment, and ROE against the cost of equity.

    Open the example ↗ Checked 19 October 2026

S2 IR presentations published in English

  • MARUWA CO., LTD. 5344 Glass & Ceramics Products · ¥500bn–2tn

    English results deck page for page with the Japanese (8 against 8), posted the same day, every period.

    Open the example ↗ Checked 19 October 2026

  • Shimadzu Corporation 7701 Precision Instruments · ¥500bn–2tn

    Each quarter the English library has the deck, the deck with script and the Q&A summary: the same set as the Japanese.

    Open the example ↗ Checked 19 October 2026

  • Kaga Electronics Co., Ltd. 8154 Wholesale Trade · ¥100–500bn

    The English presentations page mirrors the Japanese item for item: a deck every quarter, and for briefings the deck with speaker notes and the Q&A.

    Open the example ↗ Checked 19 October 2026

S3 English equity-story or investment-highlights page

  • Tokyo Electron Device 2760 Wholesale Trade · ¥100–500bn

    'TED at a Glance' for individual investors: share of engineers, customer count, margins, payout, ROE and PBR on one page.

    Open the example ↗ Checked 19 October 2026

  • SUMCO Corporation 3436 Metal Products · ¥500bn–2tn

    'Our Strengths' on the Who We Are page puts a number on each strength: leading-edge logic share, patents, customer awards.

    Open the example ↗ Checked 19 October 2026

  • SCREEN Holdings Co., Ltd. 7735 Electric Appliances · Over ¥2tn

    'SCREEN at a glance': the key figures and the product categories where it leads the global market, on one page.

    Open the example ↗ Checked 19 October 2026

S4 Growth drivers identified and quantified in English

  • Toyo Gosei Co., Ltd. 4970 Chemicals · Under ¥100bn

    The English results deck quantifies each growth driver: market growth, photoresist volumes to 2031, and the capacity being added.

    Open the example ↗ Checked 19 October 2026

  • Sinfonia Technology Co., Ltd. 6507 Electric Appliances · ¥100–500bn

    Sales by business for the latest year, the plan year and FY2030, with the amount each product line is expected to add.

    Open the example ↗ Checked 19 October 2026

  • FUJI CORPORATION 6134 Machinery · ¥500bn–2tn

    The English mid-term plan sizes each market and sets share targets: mounters, automotive, and die bonders for semiconductors.

    Open the example ↗ Checked 19 October 2026

S5 Results-briefing transcripts or Q&A published in English

  • RS Technologies Co., Ltd. 3445 Metal Products · ¥100–500bn

    An English transcript of each half-year and full-year briefing and a Q&A for Q1 and Q3, posted the same day as the Japanese.

    Open the example ↗ Checked 19 October 2026

  • Resonac Holdings Corporation 4004 Chemicals · Over ¥2tn

    An English Q&A summary for every results briefing back to 2018, fuller than the Japanese one.

    Open the example ↗ Checked 19 October 2026

  • AGC Inc. 5201 Glass & Ceramics Products · ¥500bn–2tn

    Q&A minutes and a full transcript in English for every briefing; the Japanese side has no transcript.

    Open the example ↗ Checked 19 October 2026

S6 Integrated or annual report available in English

S7 Progress against the previous plan, including misses, explained in English

  • Nippon Kayaku Co., Ltd. 4272 Chemicals · ¥100–500bn

    One slide sets the finished plan's targets against actuals, with a plain verdict: sales and ROE met, operating income short.

    Open the example ↗ Checked 19 October 2026

  • Santen Pharmaceutical Co., Ltd. 4536 Pharmaceutical · ¥500bn–2tn

    The new plan opens with a review of the previous plan's targets against outcomes, and the reforms behind them.

    Open the example ↗ Checked 19 October 2026

  • ESPEC CORP. 6859 Electric Appliances · Under ¥100bn

    A 'Targets and Results' slide sets the previous plan against actuals, followed by a 'Results and Challenges' explanation.

    Open the example ↗ Checked 19 October 2026

↑ Question list

Governance disclosure

G1 Corporate governance report available in English

  • ADEKA Corporation 4401 Chemicals · ¥100–500bn

    The Corporate Governance Report filed with the TSE, in English (38 pages, updated July 2026), with the governance guidelines alongside.

    Open the example ↗ Checked 19 October 2026

  • The Japan Steel Works, Ltd. 5631 Machinery · ¥500bn–2tn

    English Corporate Governance Report updated 13 July 2026, in the same structure as the filed report.

    Open the example ↗ Checked 19 October 2026

  • SCREEN Holdings Co., Ltd. 7735 Electric Appliances · Over ¥2tn

    English Corporate Governance Report (31 pages, 7 July 2026), linked from the governance page and announced in English IR news.

    Open the example ↗ Checked 19 October 2026

G2 Director biographies in English with tenure, expertise and independence

  • Fujimi Incorporated 5384 Glass & Ceramics Products · ¥100–500bn

    The AGM notice tabulates all seven directors with tenure and attendance, then gives each a full profile and the reasons for nomination.

    Open the example ↗ Checked 19 October 2026

  • AMADA CO., LTD. 6113 Machinery · ¥500bn–2tn

    English AGM notice profiling every candidate for the new board: career, attendance, shares held and reasons for nomination.

    Open the example ↗ Checked 19 October 2026

  • Resonac Holdings Corporation 4004 Chemicals · Over ¥2tn

    Each of the nine candidates gets years in office, attendance, career, concurrent posts and independence status.

    Open the example ↗ Checked 19 October 2026

G3 Board skills matrix published in English

  • Enomoto Co., Ltd. 6928 Electric Appliances · Under ¥100bn

    An officer skills matrix for the post-AGM board in the English Annual Report, across nine skills including IT/DX.

    Open the example ↗ Checked 19 October 2026

  • Riken Keiki Co., Ltd. 7734 Precision Instruments · ¥100–500bn

    The English AGM notice has a skills matrix for all seven directors of the board as it will stand after the meeting, across ten skills.

    Open the example ↗ Checked 19 October 2026

  • Nitto Boseki Co., Ltd. 3110 Glass & Ceramics Products · ¥500bn–2tn

    A skills matrix for all seven candidates, with each of the seven skills defined.

    Open the example ↗ Checked 19 October 2026

G4 Executive remuneration structure and its performance linkage explained in English

G5 AGM notice in English with sufficient lead time to vote

No examples at present: the re-check of 23 Oct 2026 found that every English AGM notice covered relies on a Japanese-only voting website, so no company scores 5. The best score is 4 (104 companies).

G6 Shareholder vote results disclosed in English

  • TOCALO Co., Ltd. 3433 Metal Products · ¥100–500bn

    An English extraordinary report with votes for, against and abstaining and the approval ratio for each proposal.

    Open the example ↗ Checked 19 October 2026

  • Nippon Sanso Holdings Corporation 4091 Chemicals · Over ¥2tn

    An English extraordinary report with the votes on each resolution, published every year since FYE2024 next to the notice of resolutions.

    Open the example ↗ Checked 19 October 2026

  • AGC Inc. 5201 Glass & Ceramics Products · ¥500bn–2tn

    Voting results with the approval ratio for every proposal and for each director candidate.

    Open the example ↗ Checked 19 October 2026

G7 Cross-shareholdings in English with reduction schedule and rationale

  • IBIDEN CO., LTD. 4062 Electric Appliances · Over ¥2tn

    A dated, board-approved English notice: cut cross-shareholdings by more than half by market value within the plan to FY2027, with the reason and what the cash will fund.

    Open the example ↗ Checked 19 October 2026

  • TOCALO Co., Ltd. 3433 Metal Products · ¥100–500bn

    States plainly in the English CG Report that it held no cross-shareholdings at March 2026 and will not hold any as a rule.

    Open the example ↗ Checked 19 October 2026

↑ Question list

English IR website

O1 English IR section reachable within two clicks of the English homepage

  • Takatori Corporation 6338 Machinery · Under ¥100bn

    A plain 'Financial information' link in the English homepage header goes straight to the IR top: one click, no hover menu.

    Open the example ↗ Checked 19 October 2026

  • Santec Holdings Corporation 6777 Electric Appliances · ¥100–500bn

    'Investors' sits in the visible top navigation of the English homepage, one click from the IR top.

    Open the example ↗ Checked 19 October 2026

  • Riken Keiki Co., Ltd. 7734 Precision Instruments · ¥100–500bn

    A visible 'IR' link in the English homepage header goes straight to the IR top; the homepage IR block and the footer link there too.

    Open the example ↗ Checked 19 October 2026

O2 English document links resolve to English documents

  • TAZMO Co., Ltd. 6266 Machinery · Under ¥100bn

    All 20 English links sampled across types and years open English documents, including one filed under a Japanese file name.

    Open the example ↗ Checked 19 October 2026

  • DAIHEN Corporation 6622 Electric Appliances · ¥100–500bn

    All 19 sampled English links, from 2017 statements to the latest tanshin, open English files.

    Open the example ↗ Checked 19 October 2026

  • Shimadzu Corporation 7701 Precision Instruments · ¥500bn–2tn

    All 24 sampled English links open English files, across results, decks, Q&A and plans.

    Open the example ↗ Checked 19 October 2026

O3 English IR archive free of dead links

O4 English IR pages render without blank JavaScript failures

O5 Single page listing all English IR documents by date and type

O6 English archive genuinely populated, not an unverifiable shell

  • Organo Corporation 6368 Machinery · ¥500bn–2tn

    Tanshin every quarter since 2019, decks and Q&A back to FY2013, and group reports from 2020.

    Open the example ↗ Checked 19 October 2026

  • Ushio Inc. 6925 Electric Appliances · ¥100–500bn

    Tanshin, decks and Q&A every quarter since 2021, statements since FY2017, and IR news back to 2007.

    Open the example ↗ Checked 19 October 2026

  • Stella Chemifa Corporation 4109 Chemicals · Under ¥100bn

    Tanshin every quarter since FYE3/2022, decks back to FYE3/2017, and five years of AGM notices.

    Open the example ↗ Checked 19 October 2026

O7 Named English IR contact published

This question is capped at 4 by ruling, so these examples score 4 (31 companies do).

↑ Question list

Japanese–English parity

R1 Earnings materials published in English simultaneously with Japanese

R2 Median lag in days between Japanese and English statutory publication

R3 Timely disclosures published in English

R4 English disclosure free of machine-translation accuracy disclaimers

R5 English version stated as authoritative, not subordinate to Japanese

No examples: none of the companies covered states that its English version is authoritative rather than subordinate to the Japanese. The best score is 3 (7 companies), for saying nothing either way.

↑ Question list