確認メモ（原文・英語）Consolidated Financial Results for the Three Months Ended June 30, 2026 (IFRS), 13 pages, listed 30 July 2026 like the Japanese tanshin (15 pages). Its contents match the Japanese table item for item: overview of results, financial position and forecasts, the condensed statements, the notes with segment information, and the supplementary overseas-revenue and machinery-category tables. Every quarter of FY2025 is in English on the Japanese release day (FY 20 pages vs 19). Complete and on the Japanese cycle.
確認メモ（原文・英語）Latest English tanshin, Consolidated Financial Results for the Three Months Ended June 30, 2026 (IFRS), is 13 pages against the Japanese 15. The contents tables match item for item: overview of results, financial position, forecast explanation, the four condensed statements, the notes (going concern, segment information), and the supplementary overseas revenue and revenue by machinery category. The FY2025 full-year tanshin is 20 English pages against 19 Japanese and also matches section for section, including per-share information, subsequent events and changes in officers. A whole translation.
確認メモ（原文・英語）The Q1 FY2026 English tanshin (30 Jul 2026) carries the full condensed statements (financial position, P&L and comprehensive income, changes in equity, cash flows) and the same notes as the Japanese, including the segment table. The FY2025 tanshin and the 125-page English yuho carry the full-year statements with complete notes. Full statements and notes for the latest period.
確認メモ（原文・英語）Annual Securities Report (April 2025 to March 2026) (Translation of Yukashoken-Hokokusho), 125 pages: company overview, business situation with risks and the MD&A, facilities, the submitting company with corporate governance and shareholdings, financial status with the statements and notes, and reference information. The audit firm (Ernst & Young ShinNihon) is named, but no independent auditor's report is translated. It is listed under 16 June 2026, though the file was created on 14 July. Complete except the auditor's report.
確認メモ（原文・英語）Geographic reportable segments (Japan, China, India, South Korea, Other) are given with revenue and segment profit in every English tanshin. For example, Q1 FY2026 gives China revenue ¥38,013m and segment profit ¥11,553m, and the FY2025 note has the full segment table with assets and capex. The note states the basis: segments are based on the location of manufacturing and sales companies, and segment profit is revenue less cost of sales and SG&A. Revenue by machinery category is supplementary. The definitions are stated and held constant every period.
確認メモ（原文・英語）No Excel or CSV file anywhere in the English IR site. We searched Business Performance, Financial Results, Presentation, IR top, Stock, Dividends and Integrated Report for xls/csv/excel/zip links. Business Performance has an HTML table with three years of highlights and bar-chart images. The only 'Financial data' files are 2014-2017 PDFs on the Presentation page. The Japanese 決算データ are PDFs too.
確認メモ（原文・英語）The FY2025 English tanshin (13 May 2026) and deck give the FY2027/3 forecast with a half-year split: revenue ¥145.0bn, OP ¥36.5bn, net ¥17.0bn, EPS ¥370.28, plus dividend and capex/R&D forecasts. The only basis given is one sentence: 'Considering trends in domestic and overseas markets and our current order situation'. There is no FX assumption, and the deck's regional and machine-category charts show only the total for the forecast year, so there are no segment forecasts. Revisions come as English notices with short reasons (for example 21 Apr 2026, 'steadily promoted its business ... including the Chinese market'). The Q1 tanshin says the forecast is unchanged. Numbers without their basis.
確認メモ（原文・英語）English results for the three months to 30 June 2026 listed 30 July 2026, the same period and day as the latest Japanese tanshin. The Q2 results are not due until November.
確認メモ（原文・英語）There is no medium-term plan with a plan period or P&L targets in either language. The English 'Management policy in the medium-to-long-term' page lists three qualitative priorities. The quantified targets are in the English 'Initiatives for Achieving Management Conscious of Cost of Capital and Stock Price' (13 May 2026, 11 pp, same day as the Japanese), labelled 'Medium- to long-term targets': ROE consistently above the cost of equity (stated as 9-11%), an equity ratio above 60%, and cash of about three months' sales. These are some quantified targets, with nothing on growth, profit or a plan horizon. Floor of 3; arguably 2.
確認メモ（原文・英語）Briefings are held at the half and full year, and an English deck exists for each, on the Japanese date and at the same length: Financial Results for the Fiscal Year Ended March 31, 2026 (13 pages, 13 May 2026) and for the Six Months Ended September 30, 2025 (13 pages, 13 November 2025). The Japanese page pairs each deck with a 決算データ financial data sheet. The English page has had no counterpart since 2017 ('Financial data'). No Q&A on either side. Every briefing, without the supplement the Japanese side gets.
確認メモ（原文・英語）Integrated Report 2025 (English, 22 pp) has a 'Tsugami's strengths' section and a chapter 'Tsugami's strengths and growth strategy'. They cover technology for micro parts down to 0.05 mm, process-integrated new models, a global production system with in-house parts in China and India, and the high-end versus largest-market split. A few figures appear, such as revenue mix by region (China 74.9%) and by machine type (automatic lathes 84.1%), but it is mostly qualitative and product-led. There is no 'why invest' page on the site. Dedicated and specific, mostly qualitative.
確認メモ（原文・英語）The drivers are named and partly quantified across the English deck, the cost-of-capital document and the integrated report. India: a new factory opened Dec 2025 (¥3.6bn) that roughly doubles capacity to 200-300 units a month. China: a new Zhejiang plant building (¥3.8bn, about +20% capacity, Jan 2028). Japan: a Nagaoka rebuild (¥2.3bn) for high-end process-integrated machines for Japan, the US and Europe. Revenue by region is given (China ¥103.1bn). Demand from IT, auto and medical end-markets is named but not sized, and there is no market size, share or contribution to a target. Named, some quantified.
確認メモ（原文・英語）No transcript or Q&A in English. The English Presentation page lists decks only. The Japanese side has none either: its 決算説明会 page carries only the 決算説明資料 deck and a 決算データ sheet per briefing, with no transcript or Q&A. The Japanese IRよくあるご質問 is a general FAQ, not briefing Q&A.
確認メモ（原文・英語）Integrated Report 2025 in English, 22 pages like the Japanese, posted 24 March 2026 (the Japanese on 27 January). It states 'Reporting period: FY2024 (April 1, 2024 - March 31, 2025)'. The Japanese side is on the same edition, but a report covering the year to March 2025 is one edition behind under the cohort convention.
確認メモ（原文・英語）There is no previous medium-term plan, in either language, to reconcile against (see S1). The cost-of-capital document narrates 'Results' against the qualitative policy and charts ROE (23.4% in FY2026/3) against the 9-11% cost of equity, but no earlier plan's targets are set against actuals.
確認メモ（原文・英語）No Corporate Governance Report in English. The Japanese governance page links the filed report (houkokusyo_20260617.pdf). The English Corporate governance page gives only the basic concept and six basic-policy lines, and the English sustainability governance page covers anti-corruption. A site narrative in place of the filing.
確認メモ（原文・英語）The English Notice of the 123rd AGM (26 May 2026) gives career histories and reasons for nomination for 7 of the 8 directors (4 directors, 3 Audit and Supervisory Committee directors). Outside directors are labelled [Outside Director][Independent Officer] with their terms of office stated (Yamamiya six years; Hamba two; Takeuchi and Adachi six). Insiders' tenure can be read from the dated career lines. Kunimasa Ota, not up for election, is covered only by the skills rationale in Integrated Report 2025. The English Directors page lists names and titles only. All three elements, but full bios for candidates only.
確認メモ（原文・英語）The English AGM notice (26 May 2026, p42) has a skills matrix for all 8 directors as composed after the 17 Jun 2026 AGM, across seven skills (planning and management, industry knowledge, international, sales and marketing, technology/R&D, legal, financial accounting), with independence flags. Integrated Report 2025 adds skill definitions and per-director rationale as of June 2025. The current matrix in English.
確認メモ（原文・英語）The English yuho (FY2025, pp43-44) and Integrated Report 2025 set out the structure: fixed basic pay, monthly performance-linked pay, and restricted stock as medium-to-long-term incentive. Outside directors get basic pay only. The KPIs are named (achievement of consolidated revenue and operating profit forecasts, plus each director's business performance). Amounts are given by type: executive directors ¥131m (basic 76, performance-linked 22, stock 32). No weights, formula or mix ratio is given. Structure, KPIs and amounts, without weights.
確認メモ（原文・英語）Notice of the 123rd Annual Shareholders Meeting in English, 42 pages, posted 26 May 2026, the same day as the Japanese, for a meeting on 17 June: 22 days. It has the reference materials for both items (four directors; three Audit and Supervisory Committee directors) with full candidate profiles, and an English 'Guidance on Exercise of the Voting Rights': online at evote.tr.mufg.jp or by post, deadline 5:30 p.m. on 16 June. The '(in Japanese)' labels attach only to the materials-posting websites. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the voting website named in the English notice, evote.tr.mufg.jp (Mitsubishi UFJ Trust and Banking), 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）Notice of Resolutions of the 123rd Annual Shareholders Meeting (17 June 2026, one page) says each item 'was approved and resolved as originally proposed'. No counts. The yuho shows that the voting-results extraordinary report is filed in Japanese only. The outcome, not the tally.
確認メモ（原文・英語）The English yuho (pp45-46) gives the holding policy (held to strengthen trust with key partners, reviewed for economic rationality and capital cost every year, sold when the rationale lapses), the count and amount (12 listed stocks, ¥5,634m, plus 2 unlisted), and a per-stock table with purposes (FANUC, Daikin, Yamazen...). There is no reduction target or schedule, and no shares were sold in the year. The AGM notice repeats the policy. Policy and numbers, no target.
確認メモ（原文・英語）The English homepage (https://www.tsugami.co.jp/eng/) footer has a visible 'Investor Relations' link straight to /eng/ir/, which is one click. The header 'Investor Relations' item is a click-open panel whose links (including the IR top) make it two clicks. The homepage news items also link directly into IR pages. One click.
確認メモ（原文・英語）We sampled 17 English document links across types and years. All are English, with only stray CJK characters in titles and metadata: tanshin 6418 (Q1 FY26), 6314 (FY25), 1898 (FY2019), 438 (FY2010); decks 6315, 6224, 553 (2007); 2017 Financial data 1470; business reports 6407 and 6261; yuho 6414 and 1912 (2020); integrated reports 6289 and 4332 (2023); AGM notice 6326, excluded matters 6325, resolutions 6327 and 4373; timely notices 6303, 6316, 6437. All English.
確認メモ（原文・英語）These English IR pages all rendered their content in the browser: IR top (latest five notices), Financial Results, Presentation, Business Report, Annual Report, Integrated Report, Shareholders' Meeting, Business Performance (table plus chart images), Stock Information (tables plus composition chart), Dividends, IR Calendar, Message, Strategy, Governance. We found no empty lists or failed widgets (screenshots checked). Every page renders.
確認メモ（原文・英語）There is no single library. Documents are split by type across Financial Results, Presentation, Business Report, Annual Report, Integrated Report and Shareholders' Meeting pages, each dated and grouped by fiscal year. Timely disclosures sit on a separate News Release list by fiscal year, dated and untyped, and the IR top shows only the latest five. Split across pages by type, each dated.
確認メモ（原文・英語）The archive is deep across types: tanshin from FY2010 (May 2011) to Q1 FY2026, decks from 2007, yuho translations from 2013, business reports from FY2018, integrated reports 2023-2025, AGM materials from the 118th meeting, and news releases from FY2008. Several years across document types.
確認メモ（原文・英語）The English IR menu has no contact or inquiry item. The site-wide 'Contact us' goes to the Sales Network page, whose only form (/eng/contact/form/) is a general inquiry form with no category field, listed under the Overseas Division. The tanshin names Tomohiro Yamaguchi, Senior Executive Officer, Accounting, +81-3-3808-1711. Named only in the document header, with no IR route on the site.
確認メモ（原文・英語）The latest two results are the same day in both languages. Q1 FY2026 tanshin: EN and JA both listed 30 Jul 2026 (both PDFs created 27 Jul); no deck that quarter on either side. FY2025: tanshin and deck both listed 13 May 2026 in EN and JA (EN PDFs created 12 May). The H1 FY2025 deck and tanshin were both 13 Nov 2025, and every FY2025 quarter's English tanshin was listed on the Japanese date. Briefings, and so decks, are only at H1 and FY on both sides. Same day every period.
確認メモ（原文・英語）Per-document lags (listing dates): Q1 FY26 tanshin EN 30 Jul vs JA 30 Jul 2026 = 0. FY25 tanshin 13 May vs 13 May = 0. AGM notice 26 May vs 26 May = 0. Corporate Governance Report: no English (JA houkokusyo_20260617), counted as >90. Yuho: EN listed 16 Jun 2026, the JA filing date, but its PDF was created 14 Jul 2026, so about 28 days on the creation date. Median 0 days.
確認メモ（原文・英語）The Japanese プレスリリース list for 14 Oct 2025-14 Oct 2026 has 25 timely disclosures: forecast and dividend revisions (17 Oct 2025, 13 Nov 2025, 21 Apr 2026), dividends of surplus, monthly buyback status and buyback completion/new decisions, a representative director change (13 Nov 2025), restricted stock disposals, the cost-of-capital initiatives, and a dividend from a subsidiary. The English News Release list has all 25, item for item, on the same dates. Spot-checked PDFs were created before the date: 21 Apr 2026 revision created 21 Apr; 2 Oct 2026 notice created 25 Sep. All, same day.
確認メモ（原文・英語）No machine-translation notice on the rendered English pages: the homepage search box is Google site search, not Google Translate, and there is no banner or pop-up. The English Term of Use page has a general accuracy disclaimer with no mention of machine translation. The documents carry only the human-translation precedence line ('the original shall prevail'), which belongs to R5. Nothing presented as machine-translated.
確認メモ（原文・英語）The tanshin, the results presentation and the English yuho each say 'the original shall prevail'. The AGM notice and the notice of resolutions are headed only '[Translation]', and Integrated Report 2025 carries no prevailing-language statement. Disclaimed on some documents.
May 2026 buyback completed at 99.60% of budget ceiling
The issuer reported completion on September 11 for purchases through September 10; the separate September authorization is outside this selected action.
時系列と出典（2件・内容は原文）
2026-05-13Buyback authorized Maximum 300,000 shares and ¥1.5bn through November 11, 2026.出典資料1
2026-09-10（公表 2026-09-11）Buyback completed 276,000 shares acquired for ¥1,493,930,000; 92% of volume ceiling and 99.60% of budget.出典資料1
経営陣が表明したこと
The May board authorized up to 300,000 shares and ¥1.5bn.
Investor question: What valuation and investment alternatives governed purchases? IR preparation: disclose the decision framework, parent-level liquidity and the intended use of treasury shares.
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4／5The original notice specifies amount, volume, period and method.
実行の経過を追えるか4／5The completion notice reconciles actual purchases with both ceilings.
経済性を説明しているか2／5Flexible capital policy is stated, but selected sources do not establish a repurchase valuation hurdle or quantified economic gain.
目標に対する結果を報告しているか4／5The later notice verifies early completion and numerical reconciliation; cancellation is not claimed.
The May authorization used ¥1.494bn by September 10. The group separately earmarks cash for capacity and supply-chain investment.
資本構成
March 2026 cash and cash equivalents were ¥42.1bn and borrowings ¥9.0bn; group figures do not establish cash freely distributable at the parent.
資本政策の意思決定
The board authorization is reconciled to completed volume and spend. The selected notices do not quantify a valuation threshold or per-share value gain.