確認メモ（原文・英語）Every quarter arrives in English twice: on results day a 6-page summary 'translated from a part of the Japanese original' (6 August 2026), then the full tanshin 13 days later - '[Updated] Consolidated Financial Results for the Three Months Ended June 30, 2026' (19 August, 13 pages) with the qualitative information by segment, the statements and the notes on segment information. Complete, but days to weeks behind.
確認メモ（原文・英語）Q1 FY3/2027. The English '[Updated] Consolidated Financial Results for the Three Months Ended June 30, 2026' (19 Aug 2026) is 13 pages; the Japanese 2027年3月期 第1四半期決算短信 is 12. The attachment index matches item for item. Both have the qualitative information: operating results, with net sales and operating profit by segment; financial position; R&D; and the forecast explanation. Both have the balance sheet, the income and comprehensive income statements, and the notes: going concern, significant change in equity, cash flows, segment information, and revenue recognition. The full-year '[Updated]' tanshin (28 May 2026, 20 pp against 16 Japanese) carries the same set, plus the equity and cash flow statements, per-share data and subsequent events. The same-day English version (6 Aug, 6 pp) is only a part translation, but the full one exists. Whole tanshin: 5.
確認メモ（原文・英語）The latest-period English tanshin (Q1 FY3/2027, full version 19 Aug 2026) has the quarterly balance sheet and the income and comprehensive income statements. It also has the notes: going concern, equity, cash flows, segment information with a reconciliation, and revenue recognition. The Japanese quarterly tanshin has no cash flow statement either. The full-year English tanshin (28 May 2026) adds the equity and cash flow statements and per-share notes. Full statements and notes for the latest period: 5.
確認メモ（原文・英語）The English IR library offers results, presentations, fact books, timely disclosures and integrated reports. No securities report in English under any name.
確認メモ（原文・英語）The company has two reportable segments, Electronic Equipment and Industrial Equipment, plus Others (real estate rental). Every English tanshin gives net sales and segment profit for each segment. Q1 FY3/2027: Electronic ¥13,710m sales and ¥4,475m OP; Industrial ¥4,584m and ¥482m. The segment note in the full-year English tanshin (28 May 2026, p.12) defines them. Electronic covers Pilaflon and other resin products; Industrial covers seal products. Segment profit is operating profit and intersegment transfers are at market prices. The note also gives assets, depreciation and capex by segment. The decks repeat the figures with five-year trends. Defined and every period: 5.
確認メモ（原文・英語）There is no downloadable data file. We rendered the English Financial Highlights page (Pronexus chart/table widget for FY22/3-FY26/3: sales, OP, net, ROE, assets, equity ratio, cash flows), the IR Library, the IR top, the Integrated Reports page and Sustainability. We filtered their links for xls/xlsx/csv/excel/data/download. There is no .xls, .xlsx or .csv and the widget has no export button. What exists instead: the HTML highlight tables, the PDF 'FACT BOOK for FY2025' (4 pp) and the integrated report's PDF data section.
確認メモ（原文・英語）The FY3/2027 forecast is in English in the year-end tanshin (14 May, full version 28 May): sales ¥70.0bn, OP ¥15.5bn, net ¥10.7bn, dividend ¥188. Its 'Future outlook' section gives the market view: semiconductor recovery, China, the Chuzhou plant, industrial maintenance demand. The FY2025 deck (pp.17-20) gives segment forecasts: Electronic ¥48.9bn/¥12.3bn, Industrial ¥21.1bn/¥3.2bn. The Q1 revision (6 Aug 2026) is explained in the English notice and in the Q1 deck (pp.15-20). Sales rise to ¥83.0bn and OP to ¥20.0bn, with revised segment figures, record semiconductor orders, an OP bridge (sales +¥11.5bn, labour costs +¥1.4bn against the initial plan) and the dividend raised to ¥245. There is no FX assumption. Two of the three assumption types plus explained revisions: 5 (ruling).
確認メモ（原文・英語）The current plan is 'One2030' (FY2026-FY2030). The English detail document 'Medium-term Management Plan_One2030' is 27 pp, dated 14 May 2026, PDF created 15 May 2026. It is linked from the English MTP page and matches the Japanese 中期経営計画説明資料 (27 pp, also created 15 May 2026) page for page. Its FY2030 targets: sales ¥100bn, OP ¥25bn, OPM 25%, overseas sales ratio 50%+, ROE 15%, payout 40%, five-year growth investment ¥90bn. There are segment targets (Electronic ¥68.5bn at 27%, Industrial ¥31.5bn at 21%) and a cash allocation. The English FY2025 deck of 14 May carries the same targets. Complete and same-day as far as the dates show: 5.
確認メモ（原文・英語）An English presentation for every quarter on the Japanese date (Q1 FY2026: 6 August), and for the full year an English 'Financial Results Presentation Script (Presentation/Q&A)' (28 May 2026). The Japanese library's Q1 set is the deck and a video, which is a medium.
確認メモの要点（当調査による日本語要約）英語の個人投資家ページに「PILLAR by the Numbers」があり、売上579億円、売上CAGR 14.7%、半導体洗浄装置用継手の世界No.1などを示します。数値化された専用の章のため5点ですが、数値は2024年度のままです。
確認メモ（原文・英語）The English IR menu has a 'To Individual Investors' section. Its 'Group's Core Competence' page describes the integrated materials-to-product model, the fluid-control expertise, technology and people, all qualitatively. Its 'PILLAR by the Numbers' page is an at-a-glance spread with figures. Sales are ¥57.9bn, OP ¥11.3bn, the FY2019-24 sales CAGR 14.7%, and the segment mix 67/33. The overseas ratio is 29.7%, and PILLAR fittings are No.1 worldwide for semiconductor cleaning equipment. The page also gives ROE, EPS and dividend. Integrated Report 2025 adds the 90%+ share of fittings for wafer cleaning equipment. A dedicated investor section with quantified strengths: 5, though the numbers page still shows FY2024 data.
確認メモ（原文・英語）The drivers are named and have numbers. The English One2030 plan and FY2025 deck give each segment's contribution to the FY2030 target: Electronic +¥29.1bn (+74%) to ¥68.5bn, Industrial +¥11.4bn (+56.8%) to ¥31.5bn. They target a 50%+ overseas sales ratio (34.7% now) and set ¥50bn capex, ¥20bn M&A and ¥20bn R&D. Capacity is quantified: Fukuchiyama Factory No.2, and Chuzhou with a 26,700 m2 site and 17,400 m2 of floor. Integrated Report 2025 adds a 90%+ global share of fittings for wafer cleaning equipment and No.1 in semiconductor rotary joints. The Q1 deck ties the upward revision to semiconductor orders. Named and quantified: 5.
確認メモ（原文・英語）The Japanese side publishes a script and Q&A for the half-year and full-year briefings only (no Q1 or Q3 transcripts). FY3/2026 full year: the Japanese 決算説明会スクリプト (決算説明、質疑応答) on 28 May 2026; the English 'FY2025 Financial Results Presentation Script (Presentation/Q&A)' also on 28 May, same day. H1 FY3/2026: the Japanese script and Q&A summary on 28 Nov 2025; the English script on 1 Dec 2025 and the 'Q2 FY2025 Financial Results Presentation Q&A (Summary)' on 4 Dec 2025, 3-6 days late. Earlier, the English library has Q&A summaries for FY2023 and Q2 FY2023/FY2024. But the Japanese FY3/2025 script (19 May 2025) and Q&A (21 May 2025) have no English counterpart in the FY2024 library or the 2025 news list. Late, with one gap 17 months back: 4 (see uncertainties).
確認メモ（原文・英語）Integrated Report 2025 in English, covering the year ended March 2025. The Japanese 2026 edition was published on 31 August 2026, and the company's own notice says 'Publication of the English version is scheduled for October 2026' - one edition behind, by the company's own account.
確認メモ（原文・英語）The previous plan, One2025 (FY2023-FY2025), ended in March 2026. The English One2030 document (p.2-3, 'One2025 Overview') tabulates actuals for FY2022-FY2025 and evaluates each basic policy in prose. Sales were ¥59.5bn, OP ¥12.1bn, ROE 11.7%, and growth investment ¥31.2bn over three years. The prose says the company was 'yet to achieve initial sales and income targets due to the impact of semiconductor market conditions'. The targets themselves are not set against the actuals. The nearest reconciliation is in English Integrated Report 2025, a mid-plan table. It sets the revised FY2025 targets (sales ¥57.5bn, OP ¥10.3bn, ROE 10%+, payout 30%+) against FY2022-24 results and explains the downward revision. The final year is not reconciled. The Japanese plan document is the same. Progress narrated with numbers, not target against actual: 3.
確認メモ（原文・英語）No Corporate Governance Report in English. The English 'Governance' page under Sustainability describes the board, the nomination and remuneration advisory committees and internal control - written for the site in place of the filing.
確認メモ（原文・英語）The English 'Directors and Executive Officers' page lists all nine directors with a 'View career summary' for each, marks the outside directors and has a skills matrix. The English notice of the 78th AGM (June 2026) gives the six candidates' dated career histories (e.g. 'June 2020 Chairman'), attendance, shares and reasons for nomination. It marks the outside candidates 'Outside/Independent' and states years served (e.g. 'Outside Director for seven (7) years'). The three Audit & Supervisory Committee directors are not up for election. English Integrated Report 2025 profiles all nine with '[Number of years as a Director]', careers, reasons for appointment and independence tags. Every director, all three elements: 5.
確認メモ（原文・英語）The English notice of the 78th AGM (June 2026, p.8) maps all nine directors as composed after the meeting, including the three Audit & Supervisory Committee members. The skills are corporate management, production/technology development, sales and marketing, finance and accounting, legal and compliance, and environment and sustainability, with an outside-director column. The English 'Directors and Executive Officers' page carries the same matrix. Current matrix in English: 5.
確認メモ（原文・英語）The English Integrated Report 2025, 'Officer Remuneration' (pp.71-72), sets out the structure. Executive directors get fixed, performance-linked and restricted-stock remuneration, with fixed pay 50-60% of cash pay and a lower share at higher positions. Outside and A&SC directors get fixed pay only. The KPIs are consolidated sales, operating income, operating margin, ROE and ESG (CDP), with the stock price against the Nikkei 225 added from FY2025. For FY2024 the evaluation was sales 120.3%, OP 102.6%, OPM 135.6%, ROE 200%, ESG 110% and stock price 118.2%. Amounts are given by type: executive directors ¥231m (fixed 63, performance 118, restricted stock 49), A&SC ¥8m, outside ¥19m. The KPIs are only 'weighted according to each position', with no weights given. The report is a year behind (FY2024). Structure, KPIs and amounts without the weights: 4.
確認メモ（原文・英語）Notice of the 78th Ordinary General Meeting posted in English on 26 May 2026 for a meeting on 23 June - 28 days - with the reference documents for both proposals, including each director candidate. Re-checked 23 Oct 2026 (G5 voting-site sweep, after the independent audit): the company's shareholder pages name Mitsubishi UFJ Trust and Banking as share registrar, whose voting website (evote.tr.mufg.jp) 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）In English the only treatment is the capital-cost material. The FY2025 deck (p.40) and 'Action to Implement Management Conscious of Capital Cost and Stock Price (updated May 2026)' list 'Promoting cross-shareholdings reduction: 5 stocks, book value of approx. 400 million yen (market value equivalent to 1.2 billion yen)'. They state the aim to 'Reduce cross-shareholdings to improve capital efficiency and management transparency'. There is no English CG report or securities report. The holding policy and annual board review (principle 1-4) exist only in the Japanese CG report (updated 15 Jul 2026), and Integrated Report 2025 says nothing on cross-holdings. No count or total of holdings remaining, no target or schedule. A policy direction with reduction numbers, no target: 3 (floor of a 2/3 call; see uncertainties).
確認メモ（原文・英語）On the English homepage (pillar.co.jp/en/), 'Investor Relations' in the global navigation is itself a link. Clicking it in the rendered browser lands on /en/ir/, the IR top, in one click.
確認メモ（原文・英語）We sampled 22 English document links across types and years. Tanshin: Q1 FY3/2027 same-day and updated, FY3/2026 updated, Q3 FY3/2025 (Feb 2025), FY3/2024 summary. Decks: Q1 FY2026, FY2025, FY2023, FY2020, FY2017. Also the FY2025 fact book, the Q2 FY2025 script and Q&A summary, the FY2023 Q&A summary, the 77th AGM notice, the forecast revision of Aug 2026, the dividend policy notice, the buyback completion, the Tokyo Innovation Center release, the capital-cost document (May 2025), the sponsored research report and Integrated Report 2023. All are English except 'CSR Report 2014 (Japanese)' (24 pp, Japanese text). The archive labels it as Japanese, as it does 'CSR Report 2018 (Japanese)'. One labelled Japanese document in the sample: 4.
確認メモ（原文・英語）We rendered the English homepage, IR top, IR News List (year selector 2026/2025), IR Library (FY2026, FY2025, FY2024, FY2023, FY2020, FY2017, FY2013), Financial Highlights (the Pronexus charts render), IR Calendar, Shareholders' Meetings, MTP page, Core Competence, PILLAR by the Numbers, and the Directors page. All rendered their content. One load of the FY2025 library view came back empty, and the two re-renders showed the full list, so we treat it as a timing glitch. Stock Quotes is a plain link to Reuters, not a widget. Every page renders its content: 5.
確認メモ（原文・英語）The English 'IR News List' (/en/ir/news/) is one dated list, with a year selector from 2014 to 2026. It has type filters (Timely Disclosure, Financial Results, IR, Announcements). It carries tanshin, decks, scripts and Q&A, fact books, AGM notices, timely disclosures and releases. The integrated reports themselves are not on it, only the publication notices; they sit on a separate Integrated Reports page. The IR Library holds results material only, by fiscal year. One dated, typed list missing a type: 4 (ruling).
確認メモ（原文・英語）The archive is deep. The English news list runs from 2014 to 2026, and the IR Library from FY2013 to FY2026. There are quarterly decks back to FY2017, tanshin or summaries every quarter from FY2023, Q&A summaries from FY2023, and AGM notices for the 68th-78th meetings. Integrated Reports go back to 2023 and Sustainability Data Books exist. Several years across types: 5.
確認メモ（原文・英語）The global 'Contact Us' page offers exactly two routes, 'Inquiries about Our Products' and 'Inquiries about Investor Relations' - a dedicated IR form - but the IR section itself does not link to it; the reader has to leave the IR pages through the site header to find it.
確認メモ（原文・英語）The decks are same-day: Q1 FY3/2027 6 Aug/6 Aug, FY3/2026 14 May/14 May, Q3 9 Feb/9 Feb, Q2 13 Nov/13 Nov. The full English tanshin is days to weeks late. Q1 FY3/2027: Japanese 6 Aug 2026, English full '[Updated]' version 19 Aug (+13). FY3/2026: 14 May, then 28 May (+14). Q3 FY3/2026: 9 Feb, then 13 Feb (+4). H1 FY3/2026: 13 Nov 2025, then 20 Nov (+7). Each day-one English file is a partial translation ('translated from a part of the Japanese original': summary pages and statements, no qualitative section or notes). A same-day partial with the full English later counts as late (ruling). Dates are from the English and Japanese IR news lists and TDnet times on kabutan: 3.
確認メモ（原文・英語）Lags, English against Japanese. Q1 FY3/2027 tanshin: 6 Aug to 19 Aug (full translation) = 13. FY3/2026 tanshin: 14 May to 28 May = 14. AGM notice: Japanese 25 May 2026 on site and TDnet, English on the site 26 May = 1 (the English copy reached TDnet only on 17 Jun). Corporate Governance Report: Japanese filed 8 Jul and 15 Jul 2026, no English = >90. Securities report: Japanese 18 Jun 2026, no English = >90. Median 14 days: 3. Counting the same-day partial tanshin as the translation would give a median of 1 (4); not done, per R1/F1 rulings.
確認メモ（原文・英語）We compared the Japanese TDnet list (kabutan, Oct 2025 to Oct 2026) and Japanese IR news with the English list. Each timely disclosure has an English version at the same TDnet time. Overseas subsidiary, 21 Oct 2025. Buyback status, 6 Nov, and completion, 3 Dec. Tokyo Innovation Center, 25 Dec. Forecast and dividend revisions, 9 Feb and 6 Aug 2026. Reorganisation and officer changes, 17 Mar and 6 Aug. Dividend policy change and takeover-defence abolition, 14 May. Restricted-stock disposal, 23 Jun, and payment completion, 24 Jul. Sponsored research report, 13 Jul; IR2026 notice, 31 Aug. Results, AGM papers and the CG reports (8 and 15 Jul, no English) are scored elsewhere. All same day: 5.
確認メモ（原文・英語）We rendered the English homepage, IR top, IR FAQ, the IR 'Agreement' page and the site 'About the use of the website' page, and searched the visible text. There is no machine- or AI-translation notice and no translation pop-up. The documents carry only human-translation precedence language ('translated from the Japanese original for reference purposes only ... the original shall prevail' on tanshin and the AGM notice), which is R5's. Nothing presented as machine-translated: 5.
確認メモ（原文・英語）The tanshin (both editions) and the AGM notice say 'the original shall prevail'. The results presentations and the integrated report carry no such statement. Disclaimed on some documents.
Investor question: What capital and return assumptions underpin semiconductor expansion? IR preparation: disclose investment, capacity, margins, working capital and ROIC.
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, operating-profit and ROE targets are quantified.
実行の経過を追えるか3／5The plan is newly launched; the selected disclosures do not yet bridge capital deployed to realized returns.
経済性を説明しているか4／5Management discusses cost of capital, cash generation and capital structure, but omits project-level ROIC and full cash allocation.
目標に対する結果を報告しているか時期未到来The FY2030 endpoint is not due.
PILLAR is pursuing semiconductor fluid-control growth and targets ¥100bn sales and ¥25bn operating profit, but the selected pages do not disclose a full absolute cash-allocation envelope.
資本構成
Management says it will optimize capital structure and strengthen cash generation; dividend policy targets a 40% payout, while leverage and liquidity guardrails remain less specific.
資本政策の意思決定
The board analyzes group cost of capital using CAPM and other methods and targets 15% ROE, but project-level ROIC and hurdle rates are not published.