確認メモ（原文・英語）Consolidated Financial Results for the three months ended 30 June 2026, in English, 10 August 2026, with every quarter back to FYE3/2022 in the same list.
確認メモ（原文・英語）English 'Consolidated Financial Results for the Three Months Ended June 30, 2026 [JGAAP]' (10 Aug 2026) runs 11 pages against the Japanese 11, with the same table of contents: operating results with a segment-by-segment review, financial position, earnings forecasts, balance sheet, income and comprehensive income statements, and notes (special accounting, segment information, equity, going concern, cash flows). The full-year English tanshin (15 May 2026) runs 23 pages against the Japanese 21 and carries every section: outlook, dividend policy, the accounting-standard choice, all four statements, the notes including the basis of preparation, segment information with segment definitions, per-share data and subsequent events. A whole translation: 5.
確認メモ（原文・英語）The latest period (Q1 FY3/2027) English tanshin has the balance sheet, income statement and comprehensive income statement with the notes the Japanese carries at Q1, including the segment note with profit. The Japanese Q1 has no cash-flow statement either. The FY3/2026 English tanshin adds the statements of changes in equity and cash flows and the full notes. The audited statements with notes and both auditor's reports are also in the English AGM notice. Full statements and notes for the latest period: 5.
確認メモ（原文・英語）The English IR library has four sections and only four - results summary, results presentation, shareholder meeting materials, integrated report. No securities report in any year from FYE3/2016 onward, and the company reports none to TSE.
確認メモ（原文・英語）Five reportable segments: Fundamental Chemicals, Fine Chemicals, Ferrochemicals, Commercial Business and Facilities. The English tanshin segment note gives external sales, inter-segment sales and segment profit every quarter (Q1 FY3/2027 segment profit 71 / 3,752 / 104 / 39 / -15). Each tanshin's qualitative section narrates sales and operating profit by division. At the year end it adds segment assets and an 'Overview of reportable segments' that defines each division and the measurement basis (operating profit; inter-segment at market prices). The decks give Fundamental, Fine and Other with specialty gases broken out for reference. Stated definitions, every period: 5.
確認メモ（原文・英語）Ran a link search for xls/xlsx/csv/excel/data on the English IR top, Financial Highlights (Business Results, Financial Position, Cash flow situation), IR Library (all four tabs), Stock Information, FAQ and Sustainability pages, and on the Japanese financial page: no spreadsheet. What is there instead: five-year HTML charts with value tables (FY3/2022-FY3/2026 sales, profits, EPS, ROE, margins, assets, cash flows) and a 'Latest materials / Download all' ZIP of the current PDFs. Integrated-report data pages are PDF only. No downloadable data file.
確認メモ（原文・英語）FY3/2027 forecast in the English tanshin (sales 95.0bn, OP 10.0bn, ordinary 10.0bn) with the reasons: fine-chemicals volume growth and price adjustments. The English FY briefing deck (25 May 2026) gives the forecast with an FX assumption (USD 155 vs 151), the demand view (semiconductor demand for specialty gases, raw-material pass-through, US demand for non-China battery materials, Middle East impact factored in), segment forecasts for net sales and operating profit, H1/H2 splits, capex, depreciation, R&D and an OP bridge. The 10 Aug 2026 English 'Notice Concerning Revisions to Financial Results Forecasts' revises OP to 11.3bn and explains it: specialty-gas price revisions, with the rest of the year under review for raw-material and fuel costs. Full basis and revisions explained: 5.
確認メモ（原文・英語）The 12th Medium-Term Management Plan 'Dominate 1000' (2022, revised Nov 2023 and extended two years to FY2026, i.e. the year ending March 2027, so it is still current). The English Medium-Term Management Plan page states the strategies, the 2023 revision measures and the FY2026 numerical targets (net sales 100.0bn, OP 15.0bn, ROE 12% or more, ROIC 8% or more, five-year investment 64.0bn), the same as the Japanese page. It links the English plan presentation (48 pp., within the FY3/2022 briefing) and revision presentation (60 pp., within the H1 FY3/2024 briefing: 'Revision of Numerical Targets', five-year targets, cash allocation, payout raised to 30%, ROIC tree, cross-shareholdings, CO2 targets). That covers the Japanese standalone decks (20 and 29 pp.). Complete and current: 5.
確認メモ（原文・英語）Business Results decks in English for every period, current - but the Japanese side also gets the full results briefing with the presenter's script and the Q&A (decking at 3.2MB on 8 June 2026), and the English page has no counterpart. The English deck itself is 8 pages where peers in this batch run 18 to 60. Deck yes, briefing no.
確認メモの要点（当調査による日本語要約）英文の「KDK at a Glance」のページでキーワードと数値で強みを紹介していますが、強み自体はシェアなどの数値がなく、数値も1年前で一部表記に誤りがあるため4点です。
確認メモ（原文・英語）'KDK at a Glance' (linked from the English homepage and the IR top as 'About Us: KDK at a Glance - simple guide in keywords and numbers') is a dedicated page. 'KDK by Keywords' sets out the strengths: high share in niche markets, world-leading fluorine-gas capacity, in-house integration from fluorine refining to specialty gases, top-level global shares, 80-year customer trust. 'KDK by Numbers' gives KPIs as at March 2025. The strengths themselves are not quantified (no shares, rankings or capacities), the numbers are a year old, and the segment-sales and capex figures are mislabelled ('Fine chemicals 494 Million yen', evidently 100-million-yen units). No 'why invest' section on the IR pages. Dedicated but mostly qualitative: 4.
確認メモ（原文・英語）The English FY3/2026 briefing deck (25 May 2026) quantifies its drivers. Semiconductor etching and cleaning gas market JPY 230bn (2024) to 360bn (2030), KDK CAGR 11.0% vs market 7.2%, target share at least 25% by 2030. LiPF6 for US and Japan: 50,000 t market in 2030, CAGR over 25%, target share 50%. Capacity steps: C4F6 400 to 600 t/y, LiPF6 5,400 to 8,000 t/y, recycling plant equivalent to 5,000 t/y of LIB cells. Xuancheng (China) sales of about 4bn vs 0.4bn. Segment forecast shows Fine Chemicals carrying +29.2bn of the +29.6bn sales growth. Named drivers with numbers: 5.
確認メモ（原文・英語）The English Financial Results Presentation library (FYE3/2022-FYE3/2027) and IR News carry decks only: no transcript, script or Q&A in any year. The Japanese side publishes one for every briefing: '決算説明会 プレゼンテーション（スクリプト ＱＡあり）' for FY3/2026 (8 Jun 2026), H1 FY3/2026 (28 Nov 2025) and FY3/2025 (28 May 2025), plus video streams. English reader gets none of it.
確認メモ（原文・英語）INTEGRATED REPORT 2025 in English, published 14 May 2026 - but its own editorial policy says it covers 1 April 2024 to 31 March 2025. No edition for the year ended March 2026 as at 1 October 2026, so the English reader is one edition behind.
確認メモ（原文・英語）The English plan presentation (FY3/2022 briefing) sets the previous plan, the 11th MTP, against results: FY2021 plan vs results for net sales (70.0 vs 62.2bn), OP (12.0 vs 11.1), equity ratio, ROE (15% vs 14.2%) and payout (20% vs 19%), with differences. The key strategies are marked achieved or challenge. The reasons for the sales and profit shortfalls are not explained. The current plan's progress is reconciled with explanations: revision deck 'Progress on the 12th MTP (Numerical Targets)', and the FY3/2026 deck slide 'Differences from the Medium-term Management Plan' (FY2024 62.3 vs 78.0, FY2025 64.5 vs 93.0 with the fire impact, FY2026 95.0 vs 100.0; gases ahead, battery materials short). Reconciliation present, but the previous plan's variances are not explained: 4 (floor).
確認メモ（原文・英語）The English governance section is narrative - basic stance, risk management, anti-corruption, tax, information security, compliance - and carries no documents at all. No corporate governance report in English, and the company reports none to TSE.
確認メモ（原文・英語）English 'Notice of the 119th Ordinary General Meeting' (3 Jun 2026), Proposal 2, Election of Nine Directors, covers the whole board, since all nine terms expire. Each candidate has a dated career history (board tenure readable from the dates, e.g. Hasegawa director since June 2009, President since 2015), shareholdings, and reasons for nomination or expected roles. The five outside directors are each stated to be independent officers under TSE rules, with their tenure (11, 7, 4, 2 and 2 years) and an independence note on the law-firm retainer. The business report adds board attendance (14 of 14 etc.) and activity. Every director, all three elements: 5.
確認メモ（原文・英語）'[Reference] Director candidate expertise and experience (skill matrix)' in the English June 2026 AGM notice: all nine directors (planned positions, independent/outside marked) against eight areas: management strategy, globalization, sales/marketing, technology/R&D, sustainability, finance/accounting, finance and capital markets, legal/risk. Current matrix in English: 5.
確認メモ（原文・英語）English June 2026 AGM notice, 'Matters Related to Remuneration of Corporate Officers'. Structure: monthly fixed, officer bonus and stock-issuance-trust stock remuneration; outside directors fixed only. KPI and formula: bonus = consolidated ordinary profit x 0.350% / 0.225% / 0.175% / 0.018% by position, with caps, none if ordinary profit is under 2bn or there is a loss, and a TSR-vs-TOPIX modifier of x1.1 / x0.9 (FY TSR 154.29% vs TOPIX 134.65%). Mix: fixed about 55-65%, bonus 25-35%, stock about 10%. Amounts: directors 188m (fixed 135, performance-linked 40, non-monetary 11), A&SB 54m. Nomination & Compensation Committee chaired by an independent director. Structure, KPIs, weights and amounts: 5.
確認メモ（原文・英語）Electronic provision from 3 June 2026 for a meeting on 26 June - 23 days, voting open to 25 June. The most complete notice in the batch at 166,000 characters: reference documents, three proposals, candidate profiles, business report and audited financial statements, with nothing marked Japanese-only. Its omission notes refer to the paper copy, not to the translation. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the company's shareholder pages name Sumitomo Mitsui Trust Bank as share registrar, whose voting websites (www.web54.net and www.soukai-portal.net) are 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.
確認メモ（原文・英語）Shareholder Meeting Materials carries one document per year from FYE3/2016 to FYE3/2026, and every one is a convocation notice. No resolution notice and no voting results in English for any year.
確認メモ（原文・英語）English Integrated Report 2025 (posted 14 May 2026). Holdings at March 2023/2024/2025: 35/31/26 stocks, of which listed 23/19/14, balance-sheet amount 6.3/8.0/7.1bn, 9.3/12.3/10.7% of net assets. Policy: hold for stable long-term business relationships, with each holding tested against its purpose and benefits and risks reported regularly to the board. Schedule from the 2023 MTP revision: sell 20% by March 2025 and a further 10% by March 2027 (30% cumulative vs March 2023 market value). Progress: 13 stocks sold (incl. 4 partial) worth 1.26bn, the 20% target met, with a change analysis for share-price effects. The June 2026 cost-of-capital update shows cross-shareholding sales in its cash allocation. No English CG report or yuho, and the data are as at March 2025, but all elements are present: 5.
確認メモ（原文・英語）'IR Information' sits in the global navigation of the English homepage (www.kantodenka.co.jp/english/), a visible link straight to /english/ir/: one click. The homepage footer also lists the IR sub-pages.
確認メモ（原文・英語）Sampled 20 English links, all English. Tanshin: FY3/2022 FY, Q3 FY3/2023, Q3 FY3/2024, Q1 FY3/2025, FY3/2026, Q1 FY3/2027, and the June 2025 tanshin correction. Decks: FY3/2022 incl. MTP, FY3/2024, H1 FY3/2026, Q1 FY3/2026 supplementary, FY3/2026, Q1 FY3/2027. MTP: plan and revision PDFs. AGM notices: 109th (2016), 113th (2020), 118th (2025), 119th (2026). Also Integrated Report 2025, the July 2026 derivative-lawsuit notice, the Aug 2026 forecast revision and the June 2026 cost-of-capital update. No Japanese document behind an English link.
確認メモ（原文・英語）All 20 sampled documents (listed under O2, 2016-2026 across tanshin, decks, MTP, AGM notices, integrated report and timely disclosures) opened and rendered in the browser; no dead links.
確認メモ（原文・英語）Rendered: IR top (news list, download-all and audio tiles), Message from the President, Medium-Term Management Plan, Financial Highlights (Business Results charts and tables, Financial Position, Cash flow), the four IR Library tabs with fiscal-year selectors (switching years repopulates the lists), IR News (type tabs, year select), IR Calendar, Stock Information, Information for Shareholders, FAQ, Disclaimer. All render their content; the stock price link goes out to Yahoo Finance. Nothing blank.
確認メモ（原文・英語）The English IR News page is one dated list of every English IR document: tanshin, decks, AGM notices, integrated report, timely disclosures and notices. Each item is typed (Financial Results / Timely Disclosure / General Meeting of Shareholders / IR Materials / Notices, with filter tabs) and the year select runs 2016-2026. The IR Library also splits the same documents by type with fiscal-year selectors. One dated, typed page with filters: 5.
確認メモ（原文・英語）English tanshin every quarter from FYE3/2023 plus the FYE3/2022 full year. Decks from FYE3/2022 (H1 and FY briefings, Q1/Q3 supplements since FY3/2026). AGM notices every year FYE3/2016 to FYE3/2026. Integrated Reports 2024 and 2025. IR News back to 2016. Several years across types: 5.
確認メモ（原文・英語）The English IR top (kantodenka.co.jp/english/ir/) and its IR menu (Management Information, Stock Information, IR Library, IR News, IR Calendar, Frequently Asked Questions, Disclaimer) have no IR contact item. The FAQ answers 'Who should we contact for IR-related inquiries?' with the Public Relations & Investor Relations Department and links to the site-wide Contact page (/english/contact/), the same form reached from the global header; it is one shared form whose 'Type of inquiry' list includes 'Inquiries from shareholders and investors' beside customer, whistle-blowing, R&D, SDS and other inquiries, and it says 'We can only address inquiries in English'. The results summary names Yoshihiro Uehara, General Manager, Public Relations & Investor Relations Dept., +81-3-4236-8804. Re-checked 17 Oct 2026 under the current bands, which no longer require a named person: unchanged, now on the route alone. A shared corporate form with an investor category, found via the FAQ or the global header rather than an IR contact item, is a genuine but not dedicated route: 3. The citation moves from the tanshin to the contact form.
確認メモ（原文・英語）Posting dates, English vs Japanese lists. Q1 FY3/2027: tanshin 10 Aug / 10 Aug, deck 10 Aug / 10 Aug. FY3/2026: tanshin 15 May / 15 May, briefing deck 25 May / 25 May. Q3 FY3/2026: tanshin and deck 13 Feb / 13 Feb. H1 FY3/2026: tanshin 10 Nov / 10 Nov, deck 20 Nov / 20 Nov. PDF creation dates agree (EN Q1 tanshin 6 Aug, deck 7 Aug). Same day every period: 5.
確認メモ（原文・英語）Q1 FY3/2027 tanshin JA 10 Aug 2026 / EN 10 Aug = 0 days. FY3/2026 tanshin JA 15 May / EN 15 May = 0. AGM notice (119th) JA 3 Jun / EN 3 Jun = 0. Corporate Governance Report: JA updated 29 Jun 2026, no English, counted as over 90. Annual securities report: JA 25 Jun 2026, no English, counted as over 90. Median of (0, 0, 0, >90, >90) = 0 days: 5.
確認メモ（原文・英語）Japanese IR News 14 Oct 2025-14 Oct 2026: 14 適時開示 and 3 お知らせ. English, same day, for 13 of the 14: H1 forecast/actual difference and fire 6th report (10 Nov), fire 7th report (7 Jan), forecast revision (13 Feb), major-shareholder change (8 Apr), representative-director change (24 Apr), extraordinary loss, FY forecast/actual difference and dividend-forecast revision (15 May), dividend (27 May), cost-of-capital update (29 Jun), derivative lawsuit (28 Jul), forecast revision (10 Aug). Missing in English: the 28 Jul correction to the lawsuit notice, and the お知らせ on officer appointments (24 Apr 2026), executive-officer duty changes (15 May 2026) and head-office relocation (12 Dec 2025). Nearly all, same day: 4.
確認メモ（原文・英語）Rendered the English IR Disclaimer and 'About This Site' pages and the English documents (tanshin, decks, AGM notice, timely disclosures): nothing presented as machine- or AI-translated. The documents carry only the human-translation 'original shall prevail' line, which belongs to R5. 5.
確認メモ（原文・英語）On the results summary and the AGM notice alike: 'translated from the Japanese original for reference purposes only ... the original shall prevail', with responsibility disclaimed on the notice.
Semiconductor-gas capacity, portfolio and capital-efficiency plan
Kanto Denka revised its plan around semiconductor gases and battery materials and added ROIC, portfolio and shareholder-return measures.
時系列と出典（1件・内容は原文）
2023-11-22Plan or update announced Kanto Denka revised its plan around semiconductor gases and battery materials and added ROIC, portfolio and shareholder-return measures.出典資料1
経営陣が表明したこと
Management targets ¥100bn sales, ¥15bn operating profit, at least 12% ROE and at least 8% ROIC by FY2026.
Investor question: Which capacity projects clear the 8% ROIC threshold? IR preparation: disclose utilization, pricing, spend and returns by major project.
当調査の分析（会社の説明ではありません）
約束は具体的か5／5Sales, profit, ROE, ROIC, investment and payout targets are quantified.
実行の経過を追えるか4／5The plan is active, but project-level spend and realized returns are not fully reconciled.
経済性を説明しているか5／5ROE and ROIC frame the program and asset actions, though project hurdles remain limited.
目標に対する結果を報告しているか時期未到来The FY2026 endpoint is not due.
Kanto Denka plans ¥64bn of five-year investment, concentrated in semiconductor gases and battery materials, alongside a payout ratio of at least 30%.
資本構成
The revised plan uses operating cash, debt and asset reductions while seeking lower cross-shareholdings; explicit downside leverage ranges remain limited.
資本政策の意思決定
Management added ROIC, cross-shareholding reduction and stronger IR to the revised plan.