確認メモ（原文・英語）Consolidated Financial Results for the Three Months Ended June 30, 2026 (IFRS), dated 7 August 2026 - the same day as the Japanese tanshin - and 15 pages against the Japanese 15, with the segment note (three regional segments, revenue and segment profit) intact. An English edition for every quarter back to 2017 on the IR page.
確認メモ（原文・英語）Q1 FY3/2027 tanshin, 7 Aug 2026: the English 'Consolidated Financial Results for the Three Months Ended June 30, 2026 (IFRS)' is 15 pages, the same as the Japanese 2027年3月期 第1四半期決算短信 (15). Both have the same sections: the summary pages; 1. Overview of Operating Results (results, a narrative for each of the three segments, financial position, cash flows and the forecast explanation); 2. the condensed statements (financial position, income, comprehensive income, changes in equity, cash flows); and 3. the notes (going concern, material accounting policies, segment information with general information, revenue and segment profit, and a reconciliation to profit before tax). The FY3/2026 year-end tanshin (14 May 2026) is 22 English pages against 19 Japanese, and adds Management Policies and the segment-change note. The whole tanshin, so 5.
確認メモ（原文・英語）The latest-period English tanshin (Q1 FY3/2027, 7 Aug 2026) has the full condensed statements: financial position, income, comprehensive income, changes in equity for both periods, and cash flows. It also has the notes: going concern, material accounting policies (including the estimated annual effective tax rate) and the segment note with its reconciliation. The year-end English tanshin (14 May 2026) has the same plus the change in reporting segments. Full statements and notes for the latest period, so 5.
確認メモ（原文・英語）The English IR site is a single page - IR news, financial results, business result summaries, AGM notices, integrated report, ESG data - and carries no securities report under any name. The Japanese library has the 68th-term yuho and half-year report; neither has an English counterpart.
確認メモ（原文・英語）There are three regional segments: Japan, Americas, and Asia and Others. Every English tanshin gives revenue (external and intersegment) and segment profit for each segment, with a reconciliation to operating profit and profit before tax. Examples: Q1 FY3/2027 Japan ¥29,792m and ¥3,235m, Americas ¥22,424m and ¥1,492m. The note defines the segments and segment profit, which excludes PPA amortisation and M&A expenses. It also explains the FY3/2026 change from four business segments to three regional ones, with prior-year comparatives restated (Q2 and Q3 FY3/2026 tanshin). The FY deck adds five-year segment tables on both the new and old definitions, plus Japan revenue by business line, with FY3/2027 forecasts. Every period, definitions stated, so 5.
確認メモ（原文・英語）There is no downloadable data file. The English IR page's link list (Financial Result, Business Result Summary, AGM, Integrated Report, ESG Data, CSR archives) is all PDFs; no .xls, .xlsx or .csv. Instead there are the multi-year tables in the FY deck appendix (five-year cash flow, capex, segment tables) and the ESG Data PDF (3 pp, FY2021-FY2025). The Japanese 連結業績ハイライト page is an HTML table with no Excel either.
確認メモ（原文・英語）The forecast and its basis are both in English. The year-end tanshin (14 May 2026) gives the FY3/2027 full-year forecast: revenue ¥284.5bn, OP ¥32.6bn, PBT ¥38.6bn, net ¥28.5bn, EPS ¥246.30, dividend ¥74. The first half is omitted because performance is managed annually, and the tanshin says so. Its '(4) Forecasts' section gives the market view: rising labour, energy, material and logistics costs, stable domestic capex demand, varied overseas conditions, and Middle East effects excluded as too uncertain. The FY deck (27 May, English posted 5 Jun) gives the FX assumptions for ten currencies (USD 155, EUR 180 and so on, against the MTP rates). It also gives the FY3/2027 forecast by segment (revenue and segment profit), by business line in Japan and by region. The Q1 tanshin (7 Aug 2026) explains why the forecast is unchanged. Earlier, the FY3/2025 deck set FY guidance against actual with explanations. All three assumption types and the forecast status explained, so 5.
確認メモ（原文・英語）The current plan is the 'Medium-Term Management Plan Updated for FY2026-2028', a fixed three-year plan. It is set out in the English FY3/2025 results deck (34 pp, the same as the Japanese 34). The targets for FY2028: revenue ¥300.0bn (Japan ¥147.0bn, outside Japan ¥153.0bn), OP ¥36.5bn, OPM 12.2%, OP before amortisation ¥40.9bn, ROE 13.0% or higher. There are interim-year figures and targets by business line in Japan. The English Integrated Report 2025 (pp. 23-26) repeats them, and the FY3/2026 deck (p.9) reviews progress. The English is complete but late: the Japanese deck went up on 26 May 2025 and the English on 6 Jun 2025 (IR news; PDF created 6 Jun). The FY3/2026 update came out 26 May against 5 Jun 2026. Complete but late, so 4.
確認メモ（原文・英語）The English deck for every briefing the company holds - full year (briefing 27 May 2026, posted 5 June, 46 pages against the Japanese 46) and half year (26 November 2025, posted 16 December) - but nothing for the Japanese side's quarterly 参考資料 supplementary materials published with every Q1 and Q3 tanshin, and a Q&A summary only for the FY2025 briefing in May 2025. The briefing videos are Japanese-only, which is a medium and does not cost a point.
確認メモ（原文・英語）The English IR site has no 'why invest' or investment-highlights page. The English Integrated Report 2025 opens with 'MIURA Group by the Numbers', an at-a-glance spread with figures. It shows the top position in Japan in several markets (vacuum food coolers, industrial laundry, installed auxiliary marine boilers and others), 32 group companies, 7,729 employees, OPM 10.1%, ROE 12.1% and the revenue and profit mix by business. The spread also gives a 59.8% share of the Japanese once-through boiler market (p.2). Each business section also has a qualitative 'Strengths' box. Re-checked 21 Oct 2026 under the rule as written: a section in an investor document counts the same as a page, and a named market rank counts as a quantified strength. A dedicated section with quantified strengths, so 5.
確認メモ（原文・英語）The drivers are named and numbers are attached. The English FY3/2025 deck (MTP for FY2026-2028) gives Japan revenue targets by business line, with the CAGR to FY2028: water treatment +12.5%, ship machinery +6.6%, food/medical +4.6%, boilers +2.6%. A bridge shows each driver's contribution from ¥128.9bn to ¥147.0bn+α: Total Solutions and water treatment +10.7, plant-wide maintenance +4.6, ship machinery to Chinese shipbuilders +2.8, M&A and factory robotics +α. The FY3/2026 deck quantifies Cleaver-Brooks: orders by line (CY2025, vs guidance), the US$ budget-to-actual bridge, and a touchpoint KPI moving from over 20% to at least 50% against approx. 19,000 units and 7,000 customers in the market. It also gives FY3/2027 forecasts by region. So 5.
確認メモ（原文・英語）The Japanese side has published one Q&A summary, the 決算説明会 質疑応答要旨 for the FY3/2025 briefing (27 May 2025, 5 pp, PDF created 6 Jun 2025). It has no transcript for any other briefing, only decks, quarterly 参考資料 and videos. The English Business Result Summary has the matching 'Summary of Q&A Session at Earnings Briefing' for that briefing (5 pp, dated May 27, 2025). Its PDF was created 30 Jun 2025, about three weeks after the Japanese. Every Japanese Q&A has an English counterpart, but late, so 4 under the review ruling.
確認メモ（原文・英語）Integrated Report 2025, 40 pages in English against the Japanese 40 - complete - but its reporting period is the fiscal year ended 31 March 2025. The Japanese side has published no 2026 edition either, so the English is not behind the Japanese; the edition itself is one year behind the closed fiscal year, which is how the cohort has scored it.
確認メモ（原文・英語）Until FY3/2025 the company ran a rolling MTP that was revised every year, so there is no fixed earlier plan to reconcile. The English FY3/2025 deck (p.5) sets the final-year FY2025 guidance against actuals with the differences: revenue 247.5 vs 251.3 (+3.8), OP 25.0 vs 25.3, OPM, PBT, net, EPS ¥193 vs ¥206, dividend ¥55 vs ¥61. Business commentary explains them. The FY3/2026 deck (p.9) reviews the first year of the current plan against its targets with progress rates (revenue 35.7%, OP 50.0% of the planned increase), and p.7 gives FY2026 segment guidance against actuals. No English page reconciles the previous plan's multi-year targets as a set, and the Japanese Feb 2025 notice revising that plan (通期連結業績予想及び中期経営計画の修正) has no English version on the site. A target-versus-actual for the plan year with explanations, but not the whole previous plan, so 4.
確認メモ（原文・英語）The English site (whose site map has Company Information, MIURA Group, Investor Relations and Contact only) has no governance section at all and no corporate governance report. The Japanese site carries a コーポレート・ガバナンス section with no English counterpart.
確認メモ（原文・英語）The English notice of the 68th AGM (Jun 2026) profiles all five candidates for director who are not Audit and Supervisory Committee members: Miyauchi, Yoneda, Hiroi, Kawamoto and Muto. Each has a dated career history (e.g. 'Jun. 2010 Director'), attendance, shares held and reasons for nomination. Muto's outside-director tenure (one year) and his independence analysis are stated. The board composition table marks independence for all nine directors. The four Audit and Supervisory Committee members (Yamauchi, Ando, Koike, Shoriki) were not up for election. Their profiles are in the 67th notice (2025) and in the Integrated Report 2025's director table (roles, careers, independence, attendance). There is no English governance page that gathers the current board. All three elements are there, but tenure is only implicit in dates and the full profiles cover this year's candidates only, so 4.
確認メモ（原文・英語）The English 68th AGM notice (p.15) has 'Composition of the Board of Directors (effective June 26, 2026)'. It maps all nine directors, including the Audit and Supervisory Committee members, against gender, independence and six skills: corporate management; equipment sales and maintenance; global; production, technology, R&D and DX; legal and risk management; finance and accounting. The Integrated Report 2025 carries the previous year's matrix. Current matrix in English, so 5.
確認メモ（原文・英語）Integrated Report 2025 (English), 'Directors' Compensation'. The structure: fixed, performance-linked and non-monetary/stock compensation; outside directors and A&SC members get fixed pay only. The KPIs: consolidated revenue, operating profit and ROE against targets, plus division performance and individual qualitative targets. The FY2024 actuals against target are given (revenue ¥159,695m vs ¥151,500m; OP ¥23,061m vs ¥22,100m; ROE 11.1% vs 10.0%). The amounts are a table by director type: ¥461m in total, ¥266m fixed, ¥147m performance-linked, ¥47m stock. The KPI weights and the pay-mix ratios are not given in English. The report points to the Japanese governance page for the policy, and the English site has no governance page, no CG report and no yuho. The figures are also a year old. Structure, KPIs and amounts without the weights, so 4.
確認メモ（原文・英語）Notice of the 68th Annual General Meeting, electronic provision from 1 June 2026 for a meeting on 26 June - 25 days - with the Reference Documents for both proposals (appropriation of surplus; election of five directors, with every candidate's profile and the reasons for nomination). The 'translated from a part' caveat is disregarded per the anchors. 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.
確認メモ（原文・英語）The English AGM archive carries notices only (65th to 68th). The Japanese page publishes a notice of resolutions and the extraordinary report with the vote results for every meeting; neither is in English.
確認メモ（原文・英語）The only English treatment is the 'Cross-holding of stocks' paragraph in Integrated Report 2025. It says the company holds a limited number of stocks of key suppliers and customers to strengthen business relationships. The board reviews them each year against the business relationship, annual turnover, latent gain or loss, dividend and capital cost. There is no count, no amount, no reduction target and no progress in English. Those figures are in the Japanese yuho and CG report, neither of which is in English. Boilerplate policy only, so 2.
確認メモ（原文・英語）On the English homepage (miuraz.co.jp/en/), 'Investor Relations' in the global navigation is not a link. Clicking it opens a drop-down panel (rendered and screenshotted), and the 'Investor Relations >' link in that panel goes to /en/investors/. The site map links it directly too, also one level down. Two clicks, so 4.
確認メモ（原文・英語）We sampled 22 English document links across types and years. Tanshin: 20260630, 20260331, 20251231, 20250930, 20220513, 20200514 (FY3/2021), 20200212 (Q3 FY3/2021), 20180930, 201603. Decks: FY3/2026, H1 FY3/2026, H1 FY3/2025, 20231207, 20211118, FY3/2025. Also the FY3/2025 Q&A summary, AGM notices 65, 67 and 68, Integrated Reports 2022 (image-based, confirmed English by screenshot), 2024 and 2025, ESG data 2025, CSR Report 2019, the 29 Mar 2024 Cleaver-Brooks release and the TCFD disclosure. Every one opened as an English document. Some filenames don't match the period (20200514_en.pdf is the FY3/2021 tanshin), but the page labels them correctly. All English, so 5.
確認メモ（原文・英語）We rendered the English homepage, the IR page, the site map and the terms page in Chromium. The IR page shows all its sections. With the five 'Archives' toggles expanded, the lists render in full: tanshin FY2016-FY2027, decks FY3/2022-FY3/2026, AGM notices 65th-68th, Integrated Reports 2022-2025, ESG data, CSR 2019-2020. There are no blank widgets; the English site has no stock chart or iframe to fail. So 5.
確認メモ（原文・英語）Every English IR document is on one page, /en/investors/, typed by section: IR News, Financial Result, Business Result Summary (decks and Q&A), Annual General Meeting, Integrated Report, ESG Data, CSR Report. Entries are dated by fiscal period or edition (e.g. 'FY2027 1st Quarter', 'Fiscal year ended March 31, 2025'). IR News has posting dates. But the page does not cover every English document type. The English timely disclosures issued since mid-2024 (year-end dividend 14 May 2026, restricted-stock disposal 26 Jun and payment 24 Jul 2026, and the same in 2025) are on TDnet only, and IR News stops at 30 May 2024. One typed, period-dated page with a type missing, so 4.
確認メモ（原文・英語）The archive is deep. Tanshin for every quarter from FY3/2016 (JGAAP) to Q1 FY3/2027. Decks and growth-strategy updates from FY3/2022 to FY3/2026. The Q&A summary for FY3/2025. AGM notices from the 65th (2023) to the 68th (2026). Integrated Reports 2022-2025, CSR Reports 2019-2020, ESG data, and IR news 2023-2024. Several years across types, so 5.
確認メモ（原文・英語）Named in the tanshin header - HIROI Masayuki, Director & Senior Managing Executive Officer of Administration Headquarters, +81-89-979-7012. The English site's only contact is an 'Inquiry Form' for overseas users whose categories are marine equipment, Miura Institute of Environmental Science, medical equipment and 'Other'. No IR route.
確認メモ（原文・英語）The tanshin is same-day every period. Q1 FY3/2027: Japanese and English both posted 7 Aug 2026 (IR news lists the 英訳版決算短信 that day, and TDnet carries both at 15:30). FY3/2026: both 14 May 2026, same posting. Q3 FY3/2026: 12 Feb 2026 on TDnet (kabutan shows both). H1 FY3/2026: 13 Nov 2025 on TDnet. The decks are late. FY3/2026 briefing: Japanese deck 26 May 2026, English 5 Jun (10 days). H1 FY3/2026: Japanese 25 Nov 2025, English 2 Dec (7 days; the current English PDF was created 16 Dec). The Japanese Q1 and Q3 参考資料 have no English version. Tanshin same day, decks later, so 4.
確認メモ（原文・英語）Lags, English against Japanese, from the Japanese IR news list and TDnet. Q1 FY3/2027 tanshin: 7 Aug / 7 Aug = 0. FY3/2026 tanshin: 14 May / 14 May = 0. 68th AGM notice: 1 Jun / 1 Jun = 0 (both listed 1 Jun, and both on TDnet 08:00). Corporate Governance Report: Japanese filed 1 Jul 2026, no English, so more than 90. Yuho: Japanese 19 Jun 2026, no English, so more than 90. Sorted 0, 0, 0, >90, >90: the median is 0, so 5.
確認メモ（原文・英語）TDnet list (rendered on kabutan), 14 Oct 2025 to 14 Oct 2026. Besides results, AGM papers and the CG report, the Japanese timely disclosures are: year-end dividend (剰余金の配当, 14 May 2026), restricted-stock treasury-share disposal (26 Jun 2026), and its payment completion (24 Jul 2026). Each has a same-day English counterpart on TDnet at the same minute ('MIURA Announces Year-end Dividend Rate...', 'MIURA to Dispose of Treasury Stock...', 'MIURA Completes Payment...'). None of them is on the company's English site, whose IR News ends at 30 May 2024. On the company's own Japanese IR news they are absent too. All are in English and on time, but only through TDnet, not on the English IR site. A delivery defect, so 4.
確認メモ（原文・英語）We rendered the English homepage, IR page, site map and Terms of Use, and searched the visible text. There is no machine- or AI-translation notice and no pop-up. The documents carry only human-translation precedence language (the AGM notice's 'the original shall prevail'; the press release's 'translated from the Japanese original ... for reference purposes only'), which belongs to R5. So 5.
確認メモ（原文・英語）The AGM notice carries "translated ... for reference purposes only ... the original shall prevail"; the quarterly results and the briefing decks carry no prevailing-language statement. Disclaimed on some documents.