006

English-language disclosure by JPX-Nikkei 400 constituents, 2019
January 10, 2020
International Disclosure Services Corporation
Note: This report has been created based on objective research, and does not constitute a recommendation of any
particular method of disclosure or presentation. This report has been created and compiled based on careful research,but its accuracy is not guaranteed. Copyright pertaining to this report belongs to International Disclosure Services
Corporation, and it may not be redistributed or reproduced without the permission of International Disclosure
Services Corporation.

Contents

1. Scope of research ....................................................................................................................................................... 2
2. Proxy statements ........................................................................................................................................................ 2
Rate of English translation .................................................................................................................................... 2
Scope of English translation ................................................................................................................................. 4
Maps and instructions regarding the exercise of voting rights .............................................................................. 4
3. Notices of resolutions................................................................................................................................................. 5
Rate of English translation .................................................................................................................................... 5
4. Results of the exercise of voting rights (extraordinary reports) ................................................................................. 7
Rate of English translation .................................................................................................................................... 7
5. Financial results (kessan tanshin)............................................................................................................................... 9Rate of English translation .................................................................................................................................... 9
Frequency of translation ..................................................................................................................................... 10
Scope of English translation ............................................................................................................................... 11
6. Presentation materials for earnings briefings ........................................................................................................... 12
Rate of English translation .................................................................................................................................. 12
Frequency of translation ..................................................................................................................................... 14
7. Duplication of information between documents and scope of disclosure................................................................. 14
8. English translation of each type of document .......................................................................................................... 15
Research results overview .............................................................................................................................. Appendix 1

English-language disclosure by listed companies in Japan has been rapidly increasing since the applicationin June 2015 of Japan’s Corporate Governance Code, which contains a number of items related to Englishlanguage disclosure. In particular, JPX-Nikkei Index 400 constituent companies appear to be focusing on
English-language disclosure owing to selection criteria for the index specifying that “English documents
regarding the most recent earnings information are disclosed via TDnet (Company Announcements
Distribution Service in English).”In this report, we consider the extent and scope of JPX-Nikkei 400 constituents’ translations of key disclosure
documents from 2019, and identify recent trends by comparing the results with our findings in 2015 and 2017.

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

1. Scope of research
We researched the English-translation of five types of document: proxy statements for annual general
meetings, notices of resolutions, results of the exercise of voting rights (extraordinary reports), financial
results (kessan tanshin), and presentation materials for earnings briefings.
Companies are also increasingly translating press releases, but we have excluded them from the scope of
this research because many companies only translate certain press releases, and it is difficult to makecomparisons between companies as the standards and frequency of translation vary between companies.
An overview of the results of our research into the JPX-Nikkei 400 constituents is provided at the end of
this report. Comparisons are based on the results of our research in 2015 and 2017, which can be foundhere: English-language disclosure by JPX-Nikkei 400 constituents, 2015, English-language disclosure by
JPX-Nikkei 400 constituents, 2015.
2. Proxy statements
Rate of English translation
In 2019, 367 companies out of 400 JPX-Nikkei 400 constituents translated their proxy statements, or 91.8%(table 1, figure 1). This represents an increase of nearly 4% from 2017, when 352 companies (88.0%)translated their proxy statements, bringing the proportion of companies that translate their proxy statements
to over 90%.
Breaking this down by the proportion of foreign shareholders, 1) 81.8% of companies with up to 10%
foreign shareholders translated their proxy statements, compared with 2) 88.6% of companies with 10-20%
foreign shareholders, 3) 87.4% of companies with 20-30% foreign shareholders, and 4) 97.1% of companies
with more than 30% foreign shareholders (table 2, figure 2). Compared with 2017, companies with 10-20%
foreign shareholders showed the greatest amount of proportional growth with an increase of 8.6%, asignificant difference from companies with up to 10% foreign shareholders. About 80% of companies withup to 10% foreign shareholders, about 90% of companies with 10-30% foreign shareholders, and nearly
100% of companies with more than 30% foreign shareholders translate their proxy statements, and in 2019,
we can see a correlation between the proportion of foreign shareholders and the proportion of companies
that translate their proxy statements, which seems to indicate that the practice of translating proxystatements is becoming more established.
In terms of industries, 1) 96.9% of manufacturing companies, 2) 84.7% of service companies, and 3)
100.0% of financial companies translate their proxy statements. Compared with 2017, the proportion ofcompanies translating their proxy statements has increased across all industries. In particular, the proportionof financial companies has reached 100% for the first time since the initiation of this research, but it should
be noted that in 2019, the financial industry constitutes a significantly smaller proportion of the JPX-Nikkei
400 when compared to 2017 (table 3, figure 3).
Table 1

Number of companies creating English translations of their proxy statements
2015
2017
2019
With translation
272(68.2%)
352(88.0%)
367(91.8%)
No translation
127(31.8%)
48(12.0%)
33(8.2%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%
75%

No translation

50%

With translation

25%
0%

2015

2017

2019

Figure 1 Rate of English translation of proxy statements
Table 2 Rate of English translation of proxy statements by proportion of foreign shareholders
Proportion of foreign
2015
2017
2019
shareholders
1) Up to 10%

4/10(40.0%)

19/23(82.6%)

9/11(81.8%)

2) 10-20%

42/94(44.7%)

60/75(80.0%)

70/79(88.6%)

3) 20-30%

78/124(62.9%)

108/127 (85.0%)

118/135 (87.4%)

4) More than 30%

148/171 (86.6%)

165/175 (94.3%)

170/175 (97.1%)

Total

272/399 (68.2%)

352/400 (88.0%)

367/400 (91.8%)

100%
75%

2015
2017

50%

2019

25%
0%

1) Up to 10%2) 10-20%

3) 20-30%

4) More than 30%

Figure 2 Rate of English translation of proxy statements by proportion of foreign shareholders
Table 3English translation of proxy statements by industry
Industry

2015

2017

2019

1) Manufacturing146/193 (75.7%)

178/192 (92.7%)

188/194 (96.9%)

2) Service

96/163(58.9%)

133/164 (81.1%)

149/176 (84.7%)

3) Financial

30/43(69.8%)

41/44

30/30

Total

272/399 (68.2%)

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352/400 (88.0%)(100.0%)367/400 (91.8%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%
2015

75%

2017

50%

2019

25%
0%

1) Manufacturing

2) Service

3) Financial

Figure 3 Rate of English translation of proxy statements by industry
Scope of English translation
We compiled data on the scope of English translation based on five categories: 1) full translation, 2) fulltranslation except the auditor’s report, 3) particulars and reference documents, 4) particulars only, and 5)
other (table 4, figure 4). In 2019, the proportion of companies that chose to translate their particulars andreference documents, which increased sharply from 2015 to 2017, dropped 3.4% from 2017, while there
has been a slight increase in the proportion of companies creating a full translation (up 1.1%) and other (up2.1%). We can imagine that a number of companies that translated their particulars and reference documents
revised their process and moved to creating a full translation or other. Although the average proportion of
the 400 constituent companies that translate their proxy statements exceeded 90%, the proportion ofcompanies that create a full translation has still decreased 6% from 2015, which remains the highest figure
since the initiation of this research. If the translation of proxy statements is expanded in the future, there
may also be an expansion of the scope of English translations, and we will be looking closely to see whether
the proportion of companies creating a full translation will exceed the level found in 2015.
Table 4

Number of companies by scope of English translation
2015

1) Full translation
2) Full translation
except the auditor’sreport3) Particulars andreference documents
4) Particulars only5) Other
Total

2017

2019

120

(44.1%)

130(36.9%)

140(38.2%)

13(4.8%)

11(3.1%)

10(2.7%)

95(34.9%)

166(47.2%)

160(43.6%)

440272(1.5%)(14.7%)

243352(0.6%)(12.2%)

453367(1.1%)(14.4%)

100%5) Other75%4) Particulars only

50%

3) Particulars and reference documents

25%2) Full translation except the auditor's report0%1) Full translation
2015

2017

2019

Figure 4 Rate of English translation of proxy statements by scope of translation
Maps and instructions regarding the exercise of voting rights
Japanese versions of proxy statements usually have a map at the end that shows the vicinity of the meetingvenue, but only 3.5% of companies with English translations have maps in English versions of proxy

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English-language disclosure by JPX-Nikkei 400 constituents, 2019statements, continuing to decrease from 2015 (table 5, figure 5). Furthermore, five of these companies havewritten descriptions of routes from the closest station instead of maps in English versions, but we haveincluded them under “with translation.”
An increasing number of companies include a page with an explanation of how to exercise voting rights inwriting and online in Japanese versions of their proxy statements. Of companies with English translations,
51.5% translated these pages, slightly up from 50.0% in 2017 (table 5, figure 5). Furthermore, we have only
included companies that include these instructions as a separate page, and have not included those where
the explanation is a few lines in the particulars.
Table 5 Translation of maps and instructions regarding the exercise of voting rights
2015
2017
2019
(% of 272 companies(% of 352 companies(% of 367 companies
translating their proxytranslating their proxytranslating their proxystatements)
statements)
statements)
With translation of
16(5.9%)
18(5.1%)
13(3.5%)
map
With translation ofpage for instructions
130(47.8%)
176(50.0%)
189(51.5%)
regarding the exercise
of voting rights

100%
75%

2015

50%

2017
2019

25%
0%

With translation of map

With translation of page for
instructions regarding the exercise of
voting rights

Figure 5 Translation of maps and instructions regarding the exercise of voting rights

3. Notices of resolutions
Rate of English translation
Out of 400 JPX-Nikkei 400 constituents, 206 companies translate their notices of resolutions, or 51.5%.
This marks an increase of 3.5% from 48.0% in 2017, but the proportion remains lower than the proportionof companies that translate their proxy statements. Furthermore, instead of translating this information as a
notice of resolutions, 11 companies posted this information online as reports of general meetings on thegeneral meeting of shareholders section of their investor relations websites, but as the content is virtually
the same as a notice of resolutions except for the method of payment of dividends, etc., we have counted
such companies as translating their notices of resolutions (table 6, figure 6).
The proportion of companies translating notices of resolutions is higher for companies with a higher
proportion of foreign shareholders, with 1) 18.2% of companies with up to 10% foreign shareholders, 2)
32.9% of companies with 10-20% foreign shareholders, 3) 43.0% of companies with 20-30% foreign
shareholders, and 4) 68.6% of companies with more than 30% foreign shareholders translating notices ofresolutions (table 7, figure 7).
In terms of industries, 1) 60.3% of manufacturing companies, 2) 38.1% of service companies, and 3) 73.3%
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English-language disclosure by JPX-Nikkei 400 constituents, 2019of financial companies translate their notices of resolutions (table 8, figure 8).
Table 6

Number of companies creating English translations of their notices of resolutions
2015
2017
2019
With translation
186(46.6%)
192(48.0%)
206(51.5%)
No translation
213(53.4%)
208(52.0%)
194(48.5%)

100%
75%

No translation

50%

With translation

25%
0%

2015

2017

2019

Figure 6 Rate of English translation of notices of resolutions
Table 7 Rate of English translation of notices of resolutions by proportion of foreign
shareholders
Proportion of foreign
2015
2017
2019
shareholders
1) Up to 10%

3/10(30.0%)

7/23(30.4%)

2/11(18.2%)

2) 10-20%

23/94(24.5%)

16/75(21.3%)

26/79(32.9%)

3) 20-30%

46/124(37.1%)

54/127(42.5%)

58/135(43.0%)

4) More than 30%

114/171 (66.7%)

115/175 (65.7%)

120/175 (68.6%)

Total

186/399 (46.6%)

192/400 (48.0%)

206/400 (51.5%)

100%
2015

75%

2017

50%

2019

25%
0%

1) Up to 10%2) 10-20%

3) 20-30%

4) More than 30%

Figure 7 Rate of English translation of notices of resolutions by proportion of foreign
shareholders
Table 8English translation of notices of resolutions by industry
Industry

2015

2017

2019

1) Manufacturing100/193 (51.8%)

108/192 (56.3%)

117/194 (60.3%)

2) Service

64/163(39.3%)

61/164(37.2%)

67/176(38.1%)

3) Financial

22/43(51.2%)

23/44(52.3%)

22/30(73.3%)

Total

186/399 (46.6%)

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192/400 (48.0%)

206/400 (51.5%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%
2015
2017
2019

75%
50%
25%
0%

1) Manufacturing

Figure 82) Service

3) Financial

English translation of notices of resolutions by industry

4. Results of the exercise of voting rights (extraordinary reports)
Rate of English translation
Out of 400 JPX-Nikkei 400 constituents, 111 companies translate extraordinary reports regarding the resultsof the exercise of voting rights, or 27.8%, an increase of 3.5% from 2017 (table 9, figure 9).
Instead of translating this information as an extraordinary report, some companies presented thisinformation as a table on the general meeting of shareholders section of their investor relations website
showing the approval rate and results of resolutions for each proposal (MinebeaMitsumi Inc. and SoftBank
Group Corp.). We have counted these companies as translating the results of the exercise of voting rights(extraordinary report).
Looking at the proportion of companies translating extraordinary reports regarding the results of theexercise of voting rights by the proportion of foreign shareholders, 1) 18.2% of companies with up to 10%
foreign shareholders translated these documents, 2) 15.2% of companies with 10-20% foreign shareholders,
3) 25.9% of companies with 20-30% foreign shareholders, and 4) 35.4% of companies with more than 30%
foreign shareholders. There has thus been a significant increase in the proportion of companies with up to
20% foreign shareholders translating these documents, and the gap is narrowing between these companies
and the proportion of companies that translate these documents as a result of differences in the proportionof foreign shareholders (table 10, figure 10).
In terms of industries, 1) 33.0% of manufacturing companies, 2) 17.0% of service companies, and 3) 56.7%
of financial companies translate the results of the exercise of voting rights. Since 2015, the proportion ofcompanies in the financial industry providing translations has remained consistently higher than that ofother industries, and has exceeded 50% for the first time (table 11, figure 11).
Table 9 Number of companies creating English translations of the results of the exercise of
voting rights (extraordinary reports)
2015
2017
2019
With translation50(12.5%)
97(24.3%)
111(27.8%)
No translation
349(87.5%)
303(75.7%)
289(72.2%)
100%
75%

No translation

50%

With translation

25%
0%

2015

2017

2019

Figure 9 Rate of English translation of results of exercise of voting rights (extraordinary
reports)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

Table 10 Rate of English translation of results of exercise of voting rights (extraordinary
reports) by proportion of foreign shareholders
Proportion of foreign
2015
2017
2019
shareholders
1) Up to 10%0/10(0.0%)

2/23(8.7%)

2/11(18.2%)

2) 10-20%

5/94(5.3%)

8/75(10.7%)

12/79(15.2%)

3) 20-30%

18/124(14.5%)

29/127(22.8%)

35/135(25.9%)

4) More than 30%

27/171(15.8%)

58/175(33.1%)

62/175(35.4%)

Total

50/399(12.5%)

97/400(24.3%)

111/400 (27.8%)

100%
75%

2015

50%

2017

25%

2019

0%

1) Up to 10%2) 10-20%

3) 20-30%

4) More than 30%

Figure 10 Rate of English translation of results of exercise of voting rights (extraordinary
reports) by proportion of foreign shareholders
Table 11industry

English translation of results of exercise of voting rights (extraordinary reports) by

Industry

2015

2017

2019

1) Manufacturing

23/193(11.9%)

55/192(28.6%)

64/194(33.0%)

2) Service

18/163(11.0%)

24/164(14.6%)

30/176(17.0%)

3) Financial

9/43(20.9%)

18/44(40.9%)

17/30(56.7%)

Total

50/399(12.5%)

97/400(24.3%)

111/400 (27.8%)

100%
2015
2017
2019

75%
50%
25%
0%

1) Manufacturing

Figure 11
industry2) Service

3) Financial

English translation of results of exercise of voting rights (extraordinary reports) by

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

5. Financial results (kessan tanshin)
Rate of English translation
Out of 400 JPX-Nikkei 400 constituents, 347 companies translate their financial results (kessan tanshin),or 86.8%, an increase of 4.5% from 82.3% in 2017. In 2015, more companies translated their financial
results than any other type of document, but in 2019, more companies translated their proxy statement(91.8%), continuing the trend from 2017 (table 12, figure 12 and table 1, figure 1).
The Tokyo Stock Exchange has been providing a “Company Announcements Distribution Service inEnglish” since 2011, but we have not counted use of this service as having a translation of financial results
because English-language versions created with this service are presented as a list of numbers, etc. fromthe summary information, and are more difficult to read than the original summary information.
As in 2017, the proportion of companies translating financial results is higher for companies with a higher
proportion of foreign shareholders, with 1) 72.7% of companies with up to 10% foreign shareholders, 2)
79.7% of companies with 10-20% foreign shareholders, 3) 85.9% of companies with 20-30% foreign
shareholders, and 4) 91.4% of companies with more than 30% foreign shareholders translating financial
results, but there has been a significant increase in the proportion of companies with up to 10% foreign
shareholders translating financial results, which has narrowed the gap between these companies and the
proportion of companies that translate their financial results as a result of differences in the proportion offoreign shareholders (table 13, figure 13).
In terms of industries, 1) 91.2% of manufacturing companies, 2) 81.3% of service companies, and 3) 90.0%
of financial companies translate their financial results. Although the proportions of companies translating
their financial results in the service industry has increased from 2017, since 2015, this figure has continued
to be lower than that of other industries (table 14, figure 14).
Table 12

Number of companies creating English translations of financial results
2015
2017
2019
With translation
323(81.0%)
329(82.3%)
347(86.8%)
No translation76(19.0%)
71(17.7%)
53(13.2%)

100%
75%

No translation

50%

With translation

25%
0%

2015

Figure 12

2017

2019

Rate of English translation of financial results

Table 13 Rate of English translation of financial results by proportion of foreign shareholders
Proportion of foreign
2015
2017
2019
shareholders
1) Up to 10%

6/10(60.0%)

14/23(60.9%)

8/11(72.7%)

2) 10-20%

63/94(67.0%)

54/75(72.0%)

63/79(79.7%)

3) 20-30%

100/124 (80.7%)

105/127 (82.7%)

116/135 (85.9%)

4) More than 30%

154/171 (90.1%)

156/175 (89.1%)

160/175 (91.4%)

Total

323/399 (81.0%)

329/400 (82.3%)

347/400 (86.8%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%
75%

2015

50%

2017

25%

2019

0%

1) Up to 10%2) 10-20%

3) 20-30%

4) More than 30%

Figure 13

Rate of English translation of financial results by proportion of foreign shareholders

Table 14English translations of financial results by industry

Industry

2015

2017

2019

1) Manufacturing

165/193 (85.5%)

167/192 (87.0%)

177/194 (91.2%)

2) Service

124/163 (76.1%)

124/164 (75.6%)

143/176 (81.3%)

3) Financial

34/43

38/44

27/30

Total

323/399 (81.0%)(79.1%)(86.4%)

329/400 (82.3%)(90.0%)

347/400 (86.8%)

100%
75%

2015

50%

2017
2019

25%
0%

1) Manufacturing

Figure 142) Service

3) Financial

English translations of financial results by industry

Frequency of translation
We researched the frequency of translation of financial results based on four categories: 1) quarterly, 2)
year-end and first half, 3) year-end only, and 4) from the first quarter to the third quarter only (table 15,
figure 15). Of 347 companies providing English translations of their financial results, almost all (341companies or 98.3%) do so on a quarterly basis, which has remained consistent since the initiation of thisresearch in 2015.
Table 15Frequency of translation of financial results
2015

2017

2019

1) Quarterly

318(98.5%)

322(97.9%)

341(98.3%)

2) Year-end and first half

3

(0.9%)

4(1.2%)

0(0.0%)

3) Year-end only2

(0.6%)

2(0.6%)

5(1.4%)

4) First quarter throughthird quarter only

0

(0.0%)

1(0.3%)

1(0.3%)

Total

323

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329

347

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English-language disclosure by JPX-Nikkei 400 constituents, 2019100%
4) First quarter through third quarter only

75%3) Year-end only

50%

2) Year-end and first half25%1) Quarterly

0%

2015

2017

2019

Figure 15 Frequency of translation of financial results

Scope of English translation
We researched the scope of English translation of year-end financial results based on five categories: 1) fulltranslation, 2) summary information and financial statements, 3) financial statements only, 4) summary
information only, and 5) other (table 16, graph 16). One company created translations for each quarter
except year-end (Stanley Electric Co., Ltd.), leaving us with 346 companies to analyze. Of these 346
companies, 54.6% (189 companies) provide a full translation, a significant increase from 48.8% in 2017.
There are a certain number of companies that provide translations of summary information and financial
statements, or summary information only, although the proportion of companies was around 5% for eachof these categories. The number of companies that translate financial statements only was already small in2015 and 2017, but decreased even further to less than 1% in 2019. Many companies (119; 34.4%) areclassed as “other,” but classification is difficult owing to companies’ flexible approach to translation, suchas companies that only omit qualitative information, and companies that omit the notes to financial
statements but not segment information.
There are also many companies that provide a different scope of translation for year-end and quarterly
financial results, such as companies that provide a full translation at year-end, but only a partial translation
for quarterly releases. As a result, we also looked at the scope of English translation for quarterly financial
results based on the same five categories: 1) full translation, 2) summary information and financial
statements, 3) financial statements only, 4) summary information only, and 5) other (table 17, figure 17).
Of the 342 companies providing English translations of quarterly financial results, 207 companies (60.5%)
provided full translations, exceeding 60% for the first time. This may be partly due to the fact thatcompanies are increasingly reducing the amount of information included in Japanese text in quarterly
financial results, meaning less work is required to create English versions.
Table 16

Scope of English translation of year-end financial results
2015
2017
1) Full translation
153(47.4%)
160(48.8%)
2) Summary
information and22(6.8%)
24(7.3%)
financial statements
3) Financial
4(1.2%)
5(1.5%)
statements only4) Summary
13(4.0%)
10(3.1%)
information only5) Other131(40.6%)
129(39.3%)
Total
323
328

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189

2019
(54.6%)

20(5.8%)

3(0.9%)

15(4.3%)

119
346(34.4%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%5) Other75%4) Summary information only

50%3) Financial statements only

25%2) Summary information and financial statements

0%1) Full translation

Figure 16

2015

2017

2019

Scope of English translation of year-end financial results

Table 17

Scope of English translation of quarterly financial results
2015
2017
1) Full translation
180(55.8%)
183(56.0%)
2) Summary
information and22(6.8%)
26(7.9%)
financial statements
3) Financial
3(0.9%)
3(0.9%)
statements only4) Summary
13(4.0%)
10(3.1%)
information only5) Other105(32.5%)
105(32.1%)
Total
323
327

100%

207

2019
(60.5%)

24(7.0%)

2(0.6%)

11(3.2%)

98342(28.7%)

5) Other75%4) Summary information only

50%3) Financial statements only

25%2) Summary information and financial statements

0%

Figure 171) Full translation
2015

2017

2019

Scope of English translation of quarterly financial results

6. Presentation materials for earnings briefings
Rate of English translation
Out of all 400 JPX-Nikkei 400 constituents, 355 companies translate presentation materials for earnings
briefings, or 88.8%. Like proxy statements (91.8%) and financial results (86.8%), a high proportion ofcompanies translate this type of document (table 18, figure 18).
The proportion of companies translating presentation materials is still higher for companies with a higher
proportion of foreign shareholders, with 1) 81.8% of companies with up to 10% foreign shareholders, 2)
86.1% of companies with 10-20% foreign shareholders, 3) 88.1% of companies with 20-30% foreign
shareholders, and 4) 90.9% of companies with more than 30% foreign shareholders translating presentationmaterials. However, there has been a significant increase in the proportion of companies with up to 10%
foreign shareholders translating presentation materials, which has narrowed the gap between thesecompanies and the proportion of companies that translate their presentation materials as a result ofdifferences in the proportion of foreign shareholders (table 19, figure 19).
In terms of industries, 1) 90.7% of manufacturing companies, 2) 84.7% of service companies, and 3) 100%of financial companies translate presentation materials. The proportion of financial companies translatingthese materials has been consistently high, and has reached 100% in 2019 (table 20, figure 20).
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English-language disclosure by JPX-Nikkei 400 constituents, 2019

Table 18 Number of companies creating English translations of earnings briefing presentationmaterials
2015
2017
2019
With translation
312(78.2%)
329(82.3%)
355(88.8%)
No translation
87(21.8%)
71(17.7%)
45(11.2%)
100%
75%

No translation

50%

With translation

25%
0%

2015

Figure 18

2017

2019

Rate of English translation of earnings briefing presentation materials

Table 19 Rate of English translation of earnings briefing presentation materials by proportionof foreign shareholders
Proportion of foreign
2015
2017
2019
shareholders
1) Up to 10%

7/10(70.0%)

15/23(65.2%)

9/11(81.8%)

2) 10-20%

70/94(74.5%)

61/75(81.3%)

68/79(86.1%)

3) 20-30%

92/124(74.2%)

100/127 (78.7%)

119/135 (88.1%)

4) More than 30%

143/171 (83.6%)

153/175 (87.4%)

159/175 (90.9%)

Total

312/399 (78.2%)

329/400 (82.3%)

355/400 (88.8%)

100%
75%

2015

50%

2017

25%

2019

0%

1) Up to 10%2) 10-20%

3) 20-30%

4) More than 30%

Figure 19 Rate of English translation of earnings briefing presentation materials by proportionof foreign shareholders
Table 20

English translations of earnings briefing presentation materials by industry

Industry

2015

2017

2019

1) Manufacturing

154/193 (79.8%)

159/192 (82.8%)

176/194 (90.7%)

2) Service

122/163 (74.9%)

129/164 (78.7%)

149/176 (84.7%)

3) Financial

36/43

41/44

30/30

Total

312/399 (78.2%)(83.7%)

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation(93.2%)

329/400 (82.3%)(100.0%)355/400 (88.8%)

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

100%
75%

2015

50%

2017

25%
0%

2019
1) Manufacturing

Figure 202) Service

3) Financial

English translations of earnings briefing presentation materials by industry

Frequency of translation
We researched the frequency of translation of presentation materials for earnings briefings based on three
categories, 1) quarterly, 2) year-end and first half, and 3) year-end only. Of 355 companies providing
English translations, 290 (81.7%) do so on a quarterly basis (table 21, figure 21). The proportion ofcompanies providing translations on a quarterly basis has increased by 13.4% in the four years leading up
to 2019, from 68.3% in 2015, as the practice of providing translations on a quarterly basis is becoming
more established. Additionally, 63 companies provide Japanese-language presentation materials twice
yearly, at year-end and the end of the first half, and of these 59 companies (93.7%) provide English
translations twice yearly, while only three companies (4.7%) provide translations only at year-end. One
company provides Japanese-language presentation materials twice yearly, at year-end and the end of thefirst half, but provides translations on a quarterly basis (Sotetsu Holdings,Inc.).
Table 21Frequency of translation of earnings briefing presentation materials
2015
2017
1) Quarterly
213(68.3%)
246(74.8%)
2902) Year-end and first92(29.5%)
76(23.1%)60
half3) Year-end only
7
(2.2%)
7(2.1%)
44) First half through0(0.0%)
0(0.0%)
1
year-end only
Total
312
329
355

2019
(81.7%)(16.9%)(1.1%)(0.3%)

100%
75%4) First half through year-end only

50%

3) Year-end only25%

1) Quarterly

0%2) Year-end and first half

2015

2017

2019

Figure 21 Frequency of translation of earnings briefing presentation materials
7. Duplication of information between documents and scope of disclosure
There is some duplication of content between the business report and financial statements in proxystatements for annual general meetings and financial results (kessan tanshin). As such, some companies
translate the financial results, which are disclosed sooner and are focused on more by investors, and omit
the business report and financial statements in proxy statements. In fact, SEC regulations require foreigncompanies listed in the US to translate information provided to shareholders into English and file it with
EDGAR, but some Japanese companies listed in the US omit the translation of the business report, perhaps
because the information is the same as that in financial results. Of the 160 companies that only translate thewww.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

particulars and reference documents for proxy statements, 126 (78.8%) translate their financial results, andsome of these may consider the translation of financial results as a replacement for the translation of thebusiness report and financial statements.
Still, translating financial results does not cover all the important information in the business report andfinancial statements because the business report contains important information that is not usually includedin financial results, such as information on officers, shareholders, subsidiaries, borrowing, shares, andcorporate governance, and the notes to financial statements in financial results often have less information
than notes to financial statements covered by the Companies Act. In recent years, companies have also been
reducing the information in financial results in order to meet the demand for early disclosure, creating amore significant difference in the information contained in the financial results and the business report andfinancial statements. As a result, companies must check that there are no omissions in the scope of
information covered by translations of proxy statements and financial results.
8. English translation of each type of document
If we arrange the five types of disclosure document in order of the proportion of companies translating theminto English, the order would be as follows: 1) proxy statements, 91.8%, 2) presentation materials forearnings briefings, 88.8%, 3) financial results (kessan tanshin), 86.8%, 4) notices of resolutions, 51.5%,
and 5) results of the exercise of voting rights (extraordinary reports), 27.8% (table 22, figure 22). Comparedwith 2017, the proportion of companies translating their financial results and presentation materials
approached that of proxy statements, increasing by 4.5% and 6.5%, respectively, and it appears that these
disclosure documents may reach the same level as proxy statements in future research. In addition, thetranslation of all types of disclosures documents increased from 2017.
Table 22

English translation by type of disclosure document
2015
2017
1) Proxy statement272(68.2%)
352(88.0%)
2) Notice of resolutions
186(46.6%)
192(48.0%)
3) Results of the exercise
of voting rights
50(12.5%)
97(24.3%)(extraordinary report)
4) Financial results
323(81.0%)
329(82.3%)
5) Presentation materials
312(78.2%)
329(82.3%)
for earnings briefings

367
206

2019
(91.8%)(51.5%)

111(27.8%)

347(86.8%)

355(88.8%)[%]
1) Proxy statement
2) Notice of resolutions

20193) Results of the exercise of voting rights (extraordinary report)

20174) Financial results

20155) Presentation materials for earnings briefings

0%

Figure 22

25%

50%

75%

100%

Rate of English translation by type of disclosure document

If we compare the English translation of different types of disclosure document by the proportion of foreign
shareholders, we see that the proportion of companies creating translations is higher for companies withmore foreign shareholders, for all types of disclosure document. We find a difference of 9.1 percentage
points in the proportion of companies translating their presentation materials between companies with ahigh proportion of foreign shareholders and companies with a low proportion of foreign shareholders. Thisis the smallest difference between companies with high and low proportions of foreign shareholders for anyof the different types of disclosure document. Although the proportion of companies translating their proxystatements was the smallest in 2017 (11.7%), we can see that the translation of presentation materials waswww.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

more common than that of proxy statements in companies with a low proportion of foreign shareholders in
2019. It appears that, for companies with a relatively low proportion of foreign shareholders, this may be
the result of prioritizing increased recognition by foreign investors and explanations of their businessmodels, etc., over promoting the exercise of voting rights and disclosing information related to governance.
Financial results and presentation materials complement each other as highly time-sensitive disclosure
documents, and a high proportion of the 400 companies we looked at translated each of these types of
document (86.8% and 88.8%, respectively). Comparing these two types of document by the proportion offoreign shareholders, however, we find that many companies with less than 30% foreign shareholders
translate their presentation materials, whereas more companies with more than 30% foreign shareholders
translate their financial results. It appears companies with a relatively low proportion of foreign
shareholders are focusing more on their presentation materials, perhaps because they want to use theirtranslations to explain their business models, growth strategies, etc. to overseas investors, as thisinformation, similar to the comparison of proxy statements noted above, is difficult to include in financial
results releases.
Still, from the perspective of an overseas investor, it seems that there would be a need to understand thebasic financial information of the company in an English translation of the financial results before exploring
the company’s thought process in presentation materials that the company has decided to provide at theirown discretion.
Table 23

English translation by proportion of foreign shareholders
Results of theexercise of
Proportion of foreign
Proxy
Notice ofvoting rights
shareholders
statement
resolutions(extraordinary
report)1) Up to 10% (119 (81.8%)
2 (18.2%)
2 (18.2%)
companies)2) 10-20% (79
70 (88.6%)
26 (32.9%)
12 (15.2%)
companies)
3) 20-30% (135118 (87.4%)
58 (43.0%)
35 (25.9%)
companies)
4) More than 30% (175
170 (97.1%)
120 (68.6%)
62 (35.4%)
companies)
Total

367 (91.8%)

206 (51.5%)

111 (27.8%)

Financialresults

Earnings
briefing
presentationmaterials

8 (72.7%)

9 (81.8%)

63 (79.7%)

68 (86.1%)

116 (85.9%)

119 (88.1%)

160 (91.4%)

159 (90.9%)347 (86.8%)355 (88.8%)

Proxy statement

1) Up to 10% (23 companies)
Notice of resolutions2) 10-20% (75 companies)

Results of the exercise of
voting rights (extraordinary
report)3) 20-30% (127 companies)
4) More than 30% (175 companies)

Financial results
Earnings briefing
presentation materials

0%

Figure 23

25%

50%

75%

100%

125%

English translation by proportion of foreign shareholders

If we compare the English translation of the five types of disclosure documents by the three types ofindustries (manufacturing, service, and financial), we see that the average proportion of companies
www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

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English-language disclosure by JPX-Nikkei 400 constituents, 2019providing translations across these documents is highest in the financial industry (84.0%), followed by the
manufacturing industry (74.4%), then the service industry (61.2%). Companies in the financial industry
may be actively focusing on translations of disclosure documents because they themselves are often
investors, and it is particularly notable that the proportion of companies translating extraordinary reportson the results of the exercise of voting rights is high, whereas it is low in other industries. The proportionof companies in the manufacturing industry providing translations is relatively high compared with theservice industry. This may be because many Japanese manufacturing companies operate businesses
overseas and there is little resistance to English-language disclosure, whereas many companies in theservice industry only operate domestic businesses, and there is no department or manager responsible forEnglish language disclosure, meaning there tend to be greater barriers to English-language disclosure (table
24, figure 24).
Table 24

English translation by industry

Industry1) Manufacturing (194companies)
2) Service (176companies)
3) Financial (30companies)
Total

Proxy
statement

Notice ofresolutions

Results of theexercise of
voting rights(extraordinary
report)188 (96.9%)

117 (60.3%)

64 (33.0%)

177 (91.2%)

176 (90.7%)

149 (84.7%)

67 (38.1%)

30 (17.0%)

143 (81.3%)

149 (84.7%)30 (100.0%)

22 (73.3%)

17 (56.7%)

27 (90.0%)30 (100.0%)367 (91.8%)

206 (51.5%)

111 (27.8%)

347 (86.8%)355 (88.8%)

Financialresults

Earnings
briefing
presentationmaterials

Proxy statement

1) Manufacturing (194 companies)

Notice of resolutions

2) Service (176 companies)

Results of the exercise of voting
rights (extraordinary report)

3) Financial (30 companies)

Financial results
Earnings briefing presentationmaterials

0%

Figure 24

25%

50%

75%

100%

English translation by industry

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English-language disclosure by JPX-Nikkei 400 constituents, 2019

International Disclosure Services Corporation
International Disclosure Services Corporation specializes in supporting the disclosure of information for investors
overseas, providing disclosure document translation services, research, and consulting services related to Englishlanguage disclosure. Inquiries related to this report and our services may be submitted through our website.
International Disclosure Services Corporation
FORECAST SHINJUKU AVENUE 6F
2-5-12 Shinjuku, Shinjuku-ku, Tokyo 160-0022, Japan
Tel: +81-3-5363-5223
https://www.ids-corp.co.jp/
Updated December 15, 2020

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English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Foreign shareholders
(%)

Y/N

Scope

Resolutions

Map

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Y/N

Frequency

Scope (Year-end)

Scope (Quarterly)

Other
Summary
information only

Full translation
Summary
information only××

○ Quarterly

×

×

×

×

○ Quarterly

×

○

○

×

○ Quarterly

Full translation

Particulars and reference
documents

×

×

×

×

○ Quarterly

Other

Particulars and reference
documents

×

×

×

×

×

Nippon Suisan Kaisha, Ltd.

1332 Manufacturing

29

×

Maruha Nichiro Corporation

1333 Manufacturing

13.1

○

INPEX CORPORATION

1605 Mining

42.1○ Full translation

HAZAMA ANDO CORPORATION

1719 Construction

36.9

○

TOKYU CONSTRUCTION CO., LTD.

1720 Construction

20.3

○

COMSYS Holdings Corporation

1721 Construction

13.3

○

TAISEI CORPORATION

1801 Construction

32.3

OBAYASHI CORPORATION

1802 Construction

34.4

SHIMIZU CORPORATIONHASEKO Corporation

1803 Construction
1808 Construction

20.3
45.7

KAJIMA CORPORATION

1812 Construction

27.8

Nishimatsu Construction Co.,Ltd.

1820 Construction

23

Particulars and reference
documents

Particulars and reference
documents○ Full translation
Particulars and reference○
documents○ Full translation○ Other
Particulars and reference○
documents
Particulars and reference○
documents

Earnings briefing presentationmaterials

Financial resultsFrequency(English)

Y/N

Frequency(Japanese)○ Quarterly

Quarterly○ Quarterly

Quarterly

Full translation

Year-end○ and first
half

Other

×

Year-end
and first
halfYear-end
and first
halfYear-end
and first
half○Year-end
only

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×
×

×
○

－
○

○
×

○ Quarterly
×

Other

Other

×
○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

×

×

×

○ Quarterly

Quarterly

Summary
information only

○

×

×

Particulars and reference
documents

×

○

×

×

○ Quarterly

Other

Other

Year-end○ and first
half

×

×

○ Quarterly

Other

Other

○

×

×

○ Quarterly

Other

Other

Other

Other

Year-end○ and firsthalf○ Quarterly

Quarterly

Year-end
and first
halfYear-end
and first
halfYear-end
and first
halfYear-end
and first
half
Quarterly

Sumitomo Mitsui Construction Co., Ltd.

1821 Construction

31.4

Particulars and reference○
documents

MAEDA CORPORATION

1824 Construction

26.2

○

TODA CORPORATION

1860 Construction

26.2

×

Kumagai Gumi Co.,Ltd.

1861 Construction

23.7○ Other×

DAITO TRUST CONSTRUCTION CO.,LTD.

1878 Construction

52.6

×

×

×

○ Quarterly

1881 Construction

23.6

×

○

○

×

×

1893 Construction

25.2

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

1911 Construction

24.8

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

DAIWA HOUSE INDUSTRY CO.,LTD.

1925 Construction

30.6

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Sekisui House,Ltd.

1928 Construction

22.7○ Other
Particulars and reference○
documents
Particulars and reference○
documents○ Other
Particulars and reference○
documents○ Full translation

×

NIPPO CORPORATION

×

○

○

×

○ Quarterly○ Quarterly

Quarterly

××

Full translation
Summary
information andfinancialstatements

Full translation

Year-end○only○ Quarterly

Quarterly

Other

Other

PENTA-OCEAN CONSTRUCTION CO.,LTD.
Sumitomo Forestry Co.,Ltd.

×

Year-end○
only

Quarterly

Particulars and reference○
documents

KYOWA EXEO CORPORATION

1951 Construction

24.4

Kyudenko Corporation

1959 Construction

21.1

mixi, Inc.

2121 Services

41.1

JAC Recruitment Co.,Ltd.

2124 Services

6.9○ Other

Nihon M&A Center Inc.

2127 Services

45.9

○

UT Group Co.,Ltd.

2146 Services

36.6

Particulars and reference
documents
Full translation except○
auditor's report○

Particulars and reference
documents
Particulars and reference○
documents

×

○

×

×

Year-end
only

×

×

×

×

×

×

×

○

○

×

○ Quarterly

×

×

×

×

○

×

×

×

×

×

×

×

×

×

○ Quarterly

Full translation

Year-endonly○ Quarterly

Quarterly○ Quarterly

Quarterly×Year-end
and first
half○ Quarterly

Quarterly

Full translation○ Quarterly

Quarterly

Summary
information andfinancialstatements○ Quarterly

Quarterly

Other○ Quarterly

Quarterly
Year-end
and first
halfYear-end
and first
half

Summary
information only××

○ Quarterly

Summary
information andfinancialstatements○

×○ Quarterly

Full translation

Quarterly

SMS CO.,LTD.

2175 Services

31.8

×

PERSOL HOLDINGS CO., LTD.

2181 Services

41.2

○

×

×

×

×

○ Quarterly

Full translation

Full translation

Year-end○ and firsthalfParticulars and reference
documents

×

×

×

×

○ Quarterly

Other

Other

○

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

○

×

○ Quarterly○ Quarterly

Quarterly××○ Quarterly

Other
Summary
information andfinancialstatements○ Quarterly

Quarterly○ Quarterly

Quarterly○ Quarterly

Quarterly

Particulars and reference
documents

Morinaga & Co.,Ltd.

2201 Foods

24.8

Particulars and reference○
documents

Ezaki Glico Co., Ltd.

2206 Foods

24.7

○

CALBEE,Inc.

2229 Foods

44.2

○

YAKULT HONSHA CO.,LTD.

2267 Foods

23.2

Meiji Holdings Co.,Ltd.

2269 Foods

23.7

NH Foods Ltd.

2282 Foods

20.6

Particulars and reference
documents
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation

NS Solutions Corporation

Information &2327
Communication

13.3

×

SOHGO SECURITY SERVICES CO., LTD.

2331 Services

21.6

○

Ichigo Inc.
Kakaku.com,Inc.

2337 Real Estate
2371 Services

73.1
40.6

DIP Corporation

2379 Services

18.7

Benefit One Inc.

2412 Services

17.0

M3,Inc.

2413 Services

39.5

×

OUTSOURCING Inc.

2427 Services

42.2

○

DeNA Co.,Ltd.
HAKUHODO DY HOLDINGSINCORPORATED
Asahi Group Holdings,Ltd.
Kirin Holdings Company,Limited
Suntory Beverage & Food Limited

2432 Services

30.82433 Services

17.12502 Foods
2503 Foods
2587 Foods

29.2
32.8
23.8

×

×

Year-end
only

×

○

×

×

○ Quarterly

Full translation○ Full translation

×

○

○

×

○ Quarterly

Other

Other
Summary
information andfinancialstatements
Summary
information andfinancialstatements
Other○ Other
Particulars and reference○
documents

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

×

×

×

○ Quarterly

×

×

×

×

○ Quarterly

×

×

○

×

○ Quarterly

×

○

×

×

○ Quarterly

×
×
×

○
×
○

○
○
○

○
○
×

○ Quarterly○ Quarterly○ Quarterly○

Particulars and reference
documents

Particulars and reference
documents

Particulars and reference
documents
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation○ Full translation○ Full translationwww.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

Other
Summary
information only

Other
Summary
information only

○ Quarterly

Year-end
and first
half
Quarterly○ Quarterly

Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Financialstatements only
Other

Financialstatements only
Other

Full translation
Full translation

Full translation
Full translation×○ Quarterly

Quarterly○ Quarterly○ Quarterly○ Quarterly

Quarterly
Quarterly
Quarterly

Appendix 1

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Foreign shareholders
(%)

Y/N

Resolutions
Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Scope

Map

×

×

×

×

×

－

×

Lawson,Inc.

2651 Retail Trade

17.7○ Full translation

ABC-MART,INC.

2670 Retail Trade

19.8

○

McDonald’s Holdings Company(Japan),Ltd.

2702 Retail Trade

58.4

×

Sojitz Corporation

2768 Wholesale Trade

44.9○ Full translation

Seria Co., Ltd.

2782 Retail Trade

27.2

×

Particulars and reference
documents○○

Earnings briefing presentationmaterials

Financial results

Y/N

Frequency

Full translation×○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements

××○ Quarterly

Full translation

Full translation

×

○

○

○ Quarterly

Other

Other

○ Quarterly

×××
Summary
information andfinancialstatements○ Full translation

×

○

×

×

○ Quarterly

KIKKOMAN CORPORATION

2801 Foods

16.8○ Other

×

○

×

×

○ Quarterly

Other

Other

Ajinomoto Co.,Inc.

2802 Foods

25.6○ Full translation

×

○

×

×

○ Quarterly

Full translation

Full translation

Kewpie Corporation

2809 Foods

12.2○ Other

×

○

○

×

○ Quarterly

Other

Other

ARIAKE JAPAN Co.,Ltd.

2815 Foods

29.0

○

Particulars and reference
documents

×

－

×

×

○ Quarterly

Full translation

Full translation

×

×

×

×

○ Quarterly

Other

Particulars and reference
documents

×

×

×

×

○ Quarterly

×
×

○
○

○
×

×
○

×

×

×
×

TOYO SUISAN KAISHA,LTD.

2875 Foods

42○

NISSIN FOODS HOLDINGS CO.,LTD.
JAPAN TOBACCO INC.

2897 Foods
2914 Foods

18.5
19.9

Hulic Co.,Ltd.

3003 Real Estate

15.5

Kobebussan Co., Ltd.

3038 Wholesale Trade

10.2

BICCAMERA INC.

3048 Retail Trade

10.7

MonotaRO Co.,Ltd.
J.FRONT RETAILING Co.,Ltd.

3064 Retail Trade
3086 Retail Trade

82.9
16.8

Matsumotokiyoshi Holdings Co.,Ltd.

3088 Retail Trade

34.6

ZOZO,Inc.

3092 Retail Trade

41.7

Daiwabo Holdings Co.,Ltd.

3107 Wholesale Trade

TOYOTA BOSHOKU CORPORATION

Transportation
3116
Equipment

28.0
8.8

WELCIA HOLDINGS CO.,LTD.

3141 Retail Trade

17.8○ Full translation○ Full translation
Particulars and reference○
documents
×Particulars and reference○
documents○ Full translation○ Full translation
Particulars and reference○
documents○ Other
Particulars and reference○
documents
Particulars and reference○
documents
Particulars and reference○
documents

CREATE SD HOLDINGS.CO., LTD

3148 Retail Trade

21.7

×

TOKAI Holdings Corporation

3167 Wholesale Trade

10.6

○

SKYLARK HOLDINGS CO.,LTD.

3197 Retail Trade

7.3

Nomura Real Estate Holdings,Inc.
Pressance Corporation Co., Ltd.

3231 Real Estate3254 Real Estate

32.6
22.7

OPENHOUSE CO., LTD.

3288 Real Estate

26.9

Tokyu Fudosan Holdings Corporation

3289 Real Estate

29.5

Particulars and reference○
documents○ Full translation○ Other
Particulars and reference○
documents
Particulars and reference○
documents

Iida Group Holdings Co.,Ltd.

3291 Real Estate

23.5

COSMOS Pharmaceutical Corporation

3349 Retail Trade

21.5

×

SHIP HEALTHCARE HOLDINGS,INC.

3360 Wholesale Trade

30.3

○

Seven & I Holdings Co.,Ltd.

3382 Retail Trade

32.5

TSURUHA HOLDINGS INC.

3391 Retail Trade

43.5

TEIJIN LIMITEDTORAY INDUSTRIES,INC.
KURARAY CO.,LTD.
ASAHI KASEI CORPORATIONSUMCO CORPORATION

3401 Textiles and Apparels
3402 Textiles and Apparels
3405 Chemicals
3407 Chemicals
3436 Metal Products

33.5
27.4
30.3
36.7
25.9

KOMEDA Holdings Co.,Ltd.

3543 Wholesale Trade

27.8

KUSURI NO AOKI HOLDINGS CO., LTD.

3549 Retail Trade
Information &3626
Communication
Information &3659
Communication
Information &3668
Communication
Information &3738
Communication
Information &3765
Communication
Information &3769
Communication

22.6

×

39.3

○

88.5

3861 Pulp and Paper

TIS Inc.
NEXON Co., Ltd.
COLOPL, Inc.
T-Gaia Corporation
GungHo Online Entertainment,Inc.
GMO Payment Gateway,Inc.
Oji Holdings Corporation

Particulars and reference
documents

Year-end
and first
half
Quarterly
Year-end
and first
half○ Quarterly

Quarterly

Year-end○ and firsthalfYear-end○ and firsthalfYear-end○ and firsthalfYear-end○ and firsthalfYear-end
and first
halfYear-end
and first
halfYear-end
and first
halfYear-end
and first
half

Other

○ Quarterly

Quarterly

Other

Full translation×○ Quarterly○ Quarterly

Other
Full translation

Other
Full translation○ Quarterly○ Quarterly

Year-end
and first
half
Quarterly
Quarterly×○ Quarterly

Other

Full translation○ Quarterly

Quarterly×××

Year-end
only

○

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

×

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation

×

○

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Summary
information only

Quarterly
Year-end
only
Quarterly
Year-end
and first
half

Other

×

×

×

×

Year-end
○
only

×

×

×

×

○ Quarterly

×

×

×

×

×

×

×

×
Other

×

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Quarterly

Quarterly

Year-end○ and firsthalfYear-end○ and firsthalfYear-end
and first
halfYear-end
and first
half

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×
×

○
×

○
×

×
×

○ Quarterly○ Quarterly

Full translation
Other

Full translation
Other○ Quarterly○ Quarterly

Quarterly
Quarterly

×

○

×

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements○ Quarterly

Quarterly○○ Full translation

×

×

×

Particulars and reference
documents
Full translation except○
auditor's report
Particulars and reference○
documents○ Other○ Full translation○ Other○ Other

Y/N

×

30.2

16

Year-end
and first
half

Full translation

2784 Wholesale Trade

2871 Foods

Year-end○ and firsthalf○ Quarterly

Alfresa Holdings Corporation

NICHIREI CORPORATION

Frequency(Japanese)

Scope (Quarterly)

Summary
information andfinancialstatements

Particulars and reference○
documents

Frequency(English)

Scope (Year-end)

×

×

×

×

×

×

×

×

○ Quarterly

Full translation

Full translation

×

×

○

×

×

○ Quarterly

Other

Other

○ Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation

×

×
×
×
×

×
○
×
○

○
○
○
○

○
○
×
×

○ Quarterly○ Quarterly○ Quarterly○ Quarterly

Other
Other
Full translation
Other

Other
Other
Full translation
Other○ Quarterly○ Quarterly○ Quarterly○ Quarterly

Quarterly
Quarterly
Quarterly
Quarterly

×

○

○

×

○ Quarterly

Quarterly×○ Quarterly

Full translation
Summary
information andfinancialstatements○ Quarterly

×

Full translation
Summary
information andfinancialstatements○ Quarterly

Quarterly

××

Quarterly

×

×

×

×

×

×

×

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly○ Full translation

○

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

16.8○ Full translation

×

○

○

×

×

○ Quarterly

Quarterly

11.4○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

13.1○ Full translation

×

－

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

30.5

○

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

23.6○ Full translation

×

○

×

×

○ Quarterly

Other

Other

Year-end○ and firsthalfYear-end
and first
half

Particulars and reference
documents

Particulars and reference
documents

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

Appendix 2

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Information &Communication

Foreign shareholders
(%)

Y/N

Scope

Akatsuki Inc.

3932

12.8

×

Showa Denko K.K.

4004 Chemicals

32○

Sumitomo Chemical Co., Ltd.

4005 Chemicals

27.5○ Other

Nissan Chemical Corporation

4021 Chemicals

22.5

○

TOSOH CORPORATION

4042 Chemicals

31.4

Tokuyama Corporation

4043 Chemicals

26.3

Particulars and reference
documents

Particulars and reference
documents
Particulars and reference○
documents
Particulars and reference○
documents

Resolutions

Map

Earnings briefing presentationmaterials

Financial results

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Y/N

Frequency

Scope (Year-end)

Scope (Quarterly)

Frequency(English)

Y/N

Frequency(Japanese)××○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Other

Year-end○ and firsthalfYear-end
and first
half

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

×

×

×

Quarterly

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Summary
information only×

Denka Company Limited

4061 Chemicals

28.6○ Full translation

×

○

×

×

○ Quarterly

Summary
information only

Shin-Etsu Chemical Co.,Ltd.

4063 Chemicals

36.9○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

AIR WATER INC.

4088 Chemicals

25.6

×

×

×

○ Quarterly

Other

Other

×

×

○

×

×

○ Quarterly

Other

Other

Particulars and reference
documents

Year-end○ and firsthalfYear-end
and first
half
Quarterly
Quarterly
Year-end
and first
half

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly
Year-end
and first
half
Quarterly
Quarterly

TAIYO NIPPON SANSO CORPORATION

4091 Chemicals

12.1

Particulars and reference○
documents

Kyowa Kirin Co.,Ltd.

4151 Pharmaceutical

14.4

○

MITSUBISHI GAS CHEMICAL COMPANY,
INC.

4182 Chemicals

30.1○ Full translation

×

×

○

×

○ Quarterly

Other

Other

Mitsui Chemicals, Inc.

4183 Chemicals

28.7

JSR CORPORATION
Mitsubishi Chemical Holdings Corporation

4185 Chemicals

34.7○ Other○ Full translation

×
×

○
○

○
○

○
○

○ Quarterly○ Quarterly

Other
Full translation

Other
Full translation

Year-end○ and firsthalf○ Quarterly○ Quarterly

4188 Chemicals

25.8

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly4202 Chemicals

34

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Sekisui Chemical Co.,Ltd.

4204 Chemicals

38.4○ Full translation
Particulars and reference○
documents
Particulars and reference○
documents

×

Daicel Corporation

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Summary
information andfinancialstatements

×Year-end
and first
half

Aica Kogyo Company,Limited

4206 Chemicals

22

Ube Industries,Ltd.

4208 Chemicals

32.3

×

×

×

○ Quarterly

Summary
information andfinancialstatements

DENTSU INC.

Information &Communication
4324 Services

19.5

Particulars and reference
documents
Particulars and reference○
documents
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation

NOF CORPORATION

4403 Chemicals

24.5

○

Kao Corporation
Takeda Pharmaceutical Company Limited
Astellas Pharma Inc.
Sumitomo Dainippon Pharma Co., Ltd.
Shionogi & Co.,Ltd.

4452 Chemicals
4502 Pharmaceutical4503 Pharmaceutical4506 Pharmaceutical
4507 Pharmaceutical

45.6
50.7
47
11.5
39.5

○ Other○ Full translation

×
×

×
○

○
○

○
○

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly○ Full translation○ Full translation

×
×

○
○

○
×

○
×

○ Quarterly○ Quarterly

Other
Full translation

Other
Full translation○ Quarterly○ Quarterly

Mitsubishi Tanabe Pharma Corporation

4508 Pharmaceutical

18.1○ Full translation○ Other

×
×

○
×

○
○

○
○

○ Quarterly○ Quarterly○ Quarterly○ Quarterly

Particulars and reference○
documents

×

×

○

○

○ Quarterly○ Full translation

×

×

○

○

○ Quarterly

Full translation
Full translation
Summary
information andfinancialstatements
Full translation
Summary
information andfinancialstatements
Full translation
Full translation

Hitachi Chemical Company,Ltd.

4217 Chemicals

24

DaikyoNishikawa Corporation

4246 Chemicals

24.9

Nomura Research Institute,Ltd.

4307

23

Nippon Shinyaku Co.,Ltd.

4516 Pharmaceutical

30.4

CHUGAI PHARMACEUTICAL CO.,LTD.

4519 Pharmaceutical

78

KAKEN PHARMACEUTICAL CO.,LTD.

4521 Pharmaceutical

22.8

Eisai Co.,Ltd.

4523 Pharmaceutical

28.6

ONO PHARMACEUTICAL CO.,LTD.

4528 Pharmaceutical

26.2

HISAMITSU PHARMACEUTICAL CO.,INC.

4530 Pharmaceutical

10.6

SANTEN PHARMACEUTICAL CO.,LTD.

4536 Pharmaceutical

46.8

TERUMO CORPORATION

4543 Precision Instruments

30.5

○

Particulars and reference
documents

Particulars and reference○
documents

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

○

○

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

－

×

×

○ Quarterly

Summary
information only

Summary
information only

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

×

○

×

×

×

Quarterly
Year-end
and first
half
Quarterly
Quarterly

×

×

×

×

○ Quarterly

×

○

○

○

○ Quarterly

×

○

○

×

○ Quarterly

Full translation

×

－

×

×

×

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly○ Quarterly

Quarterly○ Quarterly○ Quarterly
Year-end○ and first
half

Quarterly
Quarterly
Year-end
and first
half○ Quarterly

Quarterly

Year-end○ and firsthalf○ Quarterly
Year-end○ and firsthalfYear-end○ and firsthalf○ Quarterly

Year-end
and first
half
Quarterly
Year-end
and first
halfYear-end
and first
half
Quarterly

SAWAI PHARMACEUTICAL CO.,LTD.

4555 Pharmaceutical

37.8

DAIICHI SANKYO COMPANY,LIMITED
Otsuka Holdings Co.,Ltd.

4568 Pharmaceutical
4578 Pharmaceutical

31.6
20.6

PeptiDream Inc.

4587 Pharmaceutical

36.5

○

NIPPON PAINT HOLDINGS CO.,LTD.

4612 Chemicals

58.5

○

×

×

×

×

×

×

×

×
×

○
○

○
×

○
×

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation

Particulars and reference
documents

×

×

×

×

○ Quarterly

Full translation

Full translation

Particulars and reference
documents

×

×

○

×

○ Quarterly

Full translation

Full translation

KANSAI PAINT CO.,LTD.

4613 Chemicals

28.8

Particulars and reference○
documents

DIC Corporation

4631 Chemicals

23.9○ Full translation

×

ORIENTAL LAND CO.,LTD.

4661 Services

11.5

○

Particulars and reference
documents

×

PARK24 Co.,Ltd.

4666 Real Estate

29.9

○

Particulars and reference
documents

RESORTTRUST,INC.

4681 Services
Information &4684
Communication
Information &4689
Communication
Information &4704
Communication
Information &4716
Communication

Yahoo Japan Corporation
Trend Micro Incorporated
ORACLE CORPORATION JAPANUSS Co.,Ltd.

4732 Services

16

×

37.6

○

33.2

Particulars and reference
documents
Particulars and reference○
documents

Quarterly
Quarterly
Quarterly

Full translation
Full translation
Summary
information andfinancialstatements
Full translation
Summary
information andfinancialstatements
Full translation○ Full translation
Particulars and reference○
documents
Particulars and reference○
documents○ Other
Full translation except○
auditor's report
Particulars and reference○
documents○ Full translation○ Full translation

OBIC Co.,Ltd.

×

×

×

○ Quarterly

Other

Other

○

×

×

○ Quarterly

Other

Other

×

○

×

○ Quarterly

Other

Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

××○ Quarterly

Other

Other

×

×

×

×

×

Quarterly○ Quarterly

Quarterly○ Quarterly

Quarterly

Year-end○ and firsthalfYear-end
and first
half○ Quarterly

Quarterly○ Quarterly

Quarterly○ Quarterly

Quarterly

×

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

46.2○ Full translation

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

89.6○ Full translation

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements○ Quarterly

Quarterly

37.1○

Full translation except
auditor's reportwww.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

△

○

×

×

Appendix 3

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

CyberAgent,Inc.

Information &Communication
4751 Services

Rakuten,Inc.

4755 Services

OTSUKA CORPORATION

4768

Digital Garage,Inc.

4819

ITOCHU Techno-Solutions Corporation

Foreign shareholders
(%)

Scope

49.6

Particulars and reference○
documents○ Other

24.4○ Other

Information &Communication

26.5

○

Information &Communication

36.3

○

4739

14.7

en-japan inc.

4849 Services

38.3

KONICA MINOLTA,INC.
Shiseido Company,Limited

4902 Electric Appliances
4911 Chemicals

36.6
39.5

Lion Corporation

4912 Chemicals

21.9

KOSÉ Corporation

4922 Chemicals

25.54967 Chemicals
5019 Oil & Coal Products
5020 Oil & Coal Products

KOBAYASHI PHARMACEUTICAL
CO.,LTD.
Idemitsu Kosan Co.,Ltd.
ENEOS Holdings,Inc.
COSMO ENERGY HOLDINGSCOMPANY,LIMITED

Y/N

Full translation○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly○ Quarterly

Quarterly

Particulars and reference
documents

×

×

×

×

○ Quarterly

Full translation
Summary
information andfinancialstatements
Summary
information andfinancialstatements○ Quarterly

Particulars and reference
documents

Full translation
Summary
information andfinancialstatements
Summary
information andfinancialstatements○ Quarterly

Quarterly

Particulars and reference○
documents○ Full translation○ Full translation

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×
×

○
×

○
○

○
○

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly

Quarterly
Quarterly○ Full translation
Particulars and reference○
documents

×

○

○

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

21.6○ Other

×

×

×

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

23.2
37.2

○ Full translation○ Full translation

×
×

○
○

×
○

×
×

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly

Quarterly
Quarterly○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

×

○ Quarterly

Quarterly

×
×

○
○

○
○

×
○

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly

Quarterly
Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly
Year-end
and first
half5110 Rubber Products
Glass and Ceramics
5201
Products

26.4
26.6

○ Full translation

○

41.2

○ Full translation

21.2

○

22.7

Particulars and reference
documents
Particulars and reference○
documents

×

×

○

×

○ Quarterly

Other

Other

Year-end○ and first
half

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Year-end○ and firsthalfYear-end○ and firsthalfYear-end
and first
halfYear-end
and first
half

NGK INSULATORS, LTD.

5333

Glass and Ceramics
Products

22.6○

Particulars and reference
documents

×

×

×

×

○ Quarterly

Full translation

Full translation

NGK SPARK PLUG CO., LTD.

5334

Glass and Ceramics
Products

33.5○

Particulars and reference
documents

×

×

○

×

○ Quarterly

Other

Other

NICHIAS CORPORATION

5393

25.1
24.7
22

Particulars and reference
documents○ Full translation○ Full translation○ Full translation

5703 Nonferrous Metals

24.4

○

Sumitomo Metal Mining Co.,Ltd.

5713 Nonferrous Metals

31.5

DOWA HOLDINGS CO.,LTD.

5714 Nonferrous Metals

29.2

Furukawa Electric Co.,Ltd.

5801 Nonferrous Metals

Quarterly

Full translation○ Quarterly

Sumitomo Rubber Industries,Ltd.

Nippon Light Metal Holdings Company, Ltd.

Frequency(Japanese)○ Quarterly

26.2

Glass and Ceramics
Products
5401 Iron and Steel
5411 Iron and Steel
5486 Iron and SteelFrequency(English)×5108 Rubber Products

NIPPON STEEL CORPORATION
JFE Holdings,Inc.
Hitachi Metals,Ltd.

Y/N×

BRIDGESTONE CORPORATIONTOTO LTD.

Scope (Quarterly)×

Particulars and reference
documents○ Full translation○ Full translation

Glass and Ceramics
Products
Glass and Ceramics
5332
Products

Scope (Year-end)

○

17.1

5301

Frequency

×40.9

TOKAI CARBON CO.,LTD.

Y/N○

5101 Rubber Products

TAIHEIYO CEMENT CORPORATION

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

×5021 Oil & Coal Products

Glass and Ceramics
5233
Products

Map

Earnings briefing presentationmaterials

Financial results

×

The Yokohama Rubber Company,Limited

AGC Inc.

Resolutions

26.5

16.7

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×
×
×

○
○
○

○
○
×

○
○
×

○ Quarterly○ Quarterly○ Quarterly

Full translation
Full translation
Full translation○ Quarterly○ Quarterly○ Quarterly

Quarterly
Quarterly
Quarterly

Particulars and reference
documents

×

×

×

×

○ Quarterly

Summary
information only

Full translation
Full translation
Other
Summary
information andfinancialstatements

Year-end○ and firsthalfYear-end
and first
half○

Particulars and reference
documents

×

○

○

○

○ Quarterly

Full translation

Full translation○

Particulars and reference
documents

×

○

○

×

○ Quarterly

Other

Other
Summary
information only

Year-end
and first
halfYear-end
and first
half○ Quarterly

Summary
information only

Year-end○ and firsthalfYear-end○ and firsthalf○ Quarterly

Quarterly

Year-end○ and firsthalfYear-end
and first
half○ Quarterly

Quarterly○ Quarterly

Quarterly
Year-end
and first
half○○ Other

×

×

×

×

Sumitomo Electric Industries,Ltd.

5802 Nonferrous Metals

37.1○ Other

×

×

×

×

Sanwa Holdings Corporation

5929 Metal Products

33.7

○

×

○

○

×

×

RINNAI CORPORATION

5947 Metal Products

30.6

Particulars and reference
documents○ Full translation

△

○

○

×

○ Quarterly

Topre Corporation

5975 Metal Products

18.1

○

Full translation except
auditor's report

×

○

×

×

×

NHK SPRING CO.,LTD.

5991 Metal Products

32.7

○

Particulars and reference
documents

×

×

×

×

○ Quarterly

Summary
information andfinancialstatements

Year-end○ and firsthalfYear-end
and first
halfTechnoPro Holdings,Inc.

6028 Services

67.3

○

Particulars and reference
documents

Summary
information andfinancialstatements

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly
Year-end
and first
half
Quarterly

Recruit Holdings Co.,Ltd.

6098 Services

26.4

AMADA HOLDINGS CO., LTD.

6113 Machinery

33.2

OSG Corporation

6136 Machinery

27.7

DMG MORI CO., LTD.

6141 Machinery

32.2

Full translation×○○ Quarterly○

×○ Quarterly

Other

Other

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly××○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Quarterly

Other

Summary
information andfinancialstatements○ Quarterly

Quarterly×○ Quarterly

Full translation

Full translation

Year-end○ and firsthalf○ Quarterly
Year-end○ and firsthalfYear-end○ and firsthalf○ Quarterly
Year-end○ and firsthalfYear-end
and first
half
Quarterly
Year-end
and first
halfYear-end
and first
half
Quarterly
Year-end
and first
half○ Quarterly

Quarterly××○○ Other
Particulars and reference
documents
Particulars and reference○
documents

×

○

×

×

×

－

○ Other

△

－

×

×

19.8

○ Full translation

×

○

○

Full translation

Full translation

DISCO CORPORATION

6146 Machinery

TOYOTA INDUSTRIES CORPORATION

6201

Nabtesco Corporation

6268 Machinery

47.9○ Other

×

×

○

○

○ Quarterly

Full translation

Full translation

MODEC,INC.

6269 Machinery

17.6○ Other

×

×

×

×

○ Quarterly

Financialstatements only

Financialstatements only

SMC CORPORATION

6273 Machinery

57.6○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

Komatsu Ltd.

6301 Machinery

39.9○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation

SUMITOMO HEAVY INDUSTRIES,LTD.

6302 Machinery

43.5

○

Full translation except
auditor's report

×

○

○

○

○ Quarterly

Full translation

Full translation

13.6

Particulars and reference○
documents

×

○

×

×

○ Quarterly

Full translation

Full translation

Hitachi Construction Machinery Co.,Ltd.

Transportation
Equipment

6305 Machinery

34

Full translation

Year-end○ and firsthalf○ Quarterly○ Full translation○×

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

Appendix 4

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Foreign shareholders
(%)

Y/N

Scope

Particulars and reference
documents

Harmonic Drive Systems Inc.

6324 Machinery

15.5

○

KUBOTA CORPORATION

6326 Machinery

39.9○ Full translation

DAIKIN INDUSTRIES,LTD.

6367 Machinery

33.5

○

Daifuku Co., Ltd.

6383 Machinery

31

TAKEUCHI MFG. CO., LTD.

6432 Machinery

BROTHER INDUSTRIES,LTD.

6448 Electric Appliances

TPR CO.,LTD.
NSK Ltd.

6463 Machinery
6471 Machinery

25.6
34

Resolutions

Map

Earnings briefing presentationmaterials

Financial results

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Y/N

Frequency

Year-end
only

Scope (Year-end)

Scope (Quarterly)

Frequency(Japanese)Year-end○ and firsthalfYear-end○ and firsthalfYear-end
and first
halfYear-end
and first
half

×

○

○

×

○

×

○

○

○

○ Quarterly

Full translation

Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Particulars and reference○
documents

×

×

×

×

○ Quarterly

Full translation

Full translation

×Particulars and reference
documents

Year-end
and first
half

×

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×
○

×
×

×
○ Quarterly

Quarterly
Year-end
and first
half
Quarterly
Year-end
and first
half
Quarterly

Full translation except
auditor's report
Particulars and reference○
documents

○

22.1
18

×
○ Other

Other

Frequency(English)

Y/N

JTEKT Corporation

6473 Machinery

18.5

Particulars and reference○
documents

×

○

○

×

×

MinebeaMitsumi Inc.

6479 Electric Appliances

36.4○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation

THK CO.,LTD.

6481 Machinery

37.8○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation

Hitachi,Ltd.
Mitsubishi Electric Corporation

6501 Electric Appliances6503 Electric Appliances

43.2
37.9

○ Full translation○ Full translation

×
×

○
○

○
○

○
○

○ Quarterly○ Quarterly

Other
Other

Other
Other

×
○ Quarterly
Year-end○ and firsthalf○ Quarterly
Year-end○ and firsthalf○ Quarterly×

FUJI ELECTRIC CO.,LTD.

6504 Electric Appliances

30.9

△

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

YASKAWA Electric Corporation

6506 Electric Appliances

21.6○ Full translation
Particulars and reference○
documents

×

×

×

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

Makita Corporation

6586 Machinery

39.2○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

TOSHIBA TEC CORPORATION

6588 Electric Appliances

23.1○ Other

×

×

×

×

○ Quarterly

Other

Other

NIDEC CORPORATION

6594 Electric Appliances

33.8

×

○

○

×

○ Quarterly

Full translation

Full translation

Nissin Electric Co.,Ltd.

6641 Electric Appliances

13.9

×

○

○

×

×

OMRON Corporation
NEC Corporation
FUJITSU LIMITED6645 Electric Appliances
6701 Electric Appliances
6702 Electric Appliances

33.4
35.4
47.1

○ Full translation
Particulars and reference○
documents○ Full translation○ Full translation○ OtherYear-end○ and firsthalfYear-end○ and firsthalf○ Quarterly

×
×
×

×
×
×

○
○
○

○
○
×

○ Quarterly○ Quarterly○ Quarterly

Full translation
Other
Full translation

Full translation
Other
Full translation○ Quarterly○ Quarterly○ Quarterly

Year-end
and first
halfYear-end
and first
half
Quarterly
Year-end
only
Quarterly
Quarterly
Quarterly

Renesas Electronics Corporation
SEIKO EPSON CORPORATION

6723 Electric Appliances
6724 Electric Appliances

36.1
15.1

○ Full translation○ Full translation

×
×

×
×

○
○

×
×

○ Quarterly○ Quarterly

Quarterly
Quarterly

6728 Electric Appliances

36.9○ Other

×

○

×

×

○ Quarterly

Full translation
Full translation
Summary
information only

○ Quarterly○ Quarterly

ULVAC, Inc.

Other
Full translation
Summary
information only

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

×

×

×

○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

×

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

○

○

×

○ Quarterly

Quarterly

ELECOM CO., LTD.

6750 Electric Appliances

18.2

Panasonic Corporation

6752 Electric Appliances

28.8

FUJITSU GENERAL LIMITED6755 Electric Appliances

23.6

Sony Corporation

6758 Electric Appliances

56

TDK Corporation

6762 Electric Appliances

33.9

ALPS ALPINE CO.,LTD.

6770 Electric Appliances

39.7

HIROSE ELECTRIC CO.,LTD.

6806 Electric Appliances

46

YOKOGAWA ELECTRIC CORPORATION
Azbil Corporation

6841 Electric Appliances
6845 Electric Appliances

31.4
36.5

NIHON KOHDEN CORPORATION

6849 Electric Appliances

42.2

HORIBA,Ltd.

6856 Electric Appliances

32.9

ADVANTEST CORPORATIONKEYENCE CORPORATION

6857 Electric Appliances
6861 Electric Appliances

31.5
48.3

SYSMEX CORPORATION

6869 Electric Appliances

39.9

Particulars and reference○
documents○ Full translation
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation
Particulars and reference○
documents
Particulars and reference○
documents○ Other○ Other
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation
×Particulars and reference○
documents
Particulars and reference○
documents

×

Other

Full translation

×

×

×

×

×

×

○ Quarterly

Quarterly

×
×

○
×

○
○

○
×

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly

Quarterly
Quarterly

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Other

Other

×

×

○

○
×

×

○ Quarterly
×

Full translation

Full translation○ Quarterly
×

Quarterly

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Summary
information only

×

Other

○ Quarterly

Quarterly

Full translation

Year-end○ and firsthalfYear-end
and first
half

Other

Year-end○ and firsthalfYear-end
and first
half

×

×

×

×

○ Quarterly

Summary
information only

○

×

○

○

○ Quarterly

Other

Obara Group Inc.

6877 Electric Appliances

22.5

DENSO CORPORATION

6902

Transportation
Equipment

22.3○ Full translation

×

×

○

○

○ Quarterly

Particulars and reference
documents

×

○

○

×

○

×

×

×

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

×
×
×
×

×
○
×
×

○
×
○

×
×
○

Full translation
Other
Full translation

Full translation
Other
Full translation○ Quarterly
×○ Quarterly

Quarterly○○○ Quarterly○ Quarterly○ Quarterly○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly
Quarterly

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Lasertec Corporation

6920 Electric Appliances

33.9

Particulars and reference○
documents

Stanley Electric Co.,Ltd.

6923 Electric Appliances

37.1

○

Other

First quarter
throughthird quarter
only

CASIO COMPUTER CO.,LTD.

6952 Electric Appliances

20

FANUC CORPORATION
HAMAMATSU PHOTONICS K.K.
KYOCERA CORPORATIONTAIYO YUDEN CO.,LTD.

6954 Electric Appliances
6965 Electric Appliances
6971 Electric Appliances
6976 Electric Appliances

49.2
35.8
30.2
21.6

Murata Manufacturing Co.,Ltd.

6981 Electric Appliances

39.7

NITTO DENKO CORPORATION

6988 Chemicals

35.3

Mitsubishi Heavy Industries,Ltd.

7011 MachineryTransportation
7012
Equipment
7013 Machinery

27.5

Particulars and reference○
documents○ Full translation○ Other○ Full translation○ Other
Full translation except○
auditor's report
Full translation except○
auditor's report○ Full translation

23.4○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

31.8○ Full translation

×

○

○

○

○ Quarterly

Quarterly

Financial Products Group Co., Ltd.

18.2

Particulars and reference○
documents○○

×○ Quarterly○ Quarterly

Quarterly

ZENKOKU HOSHO Co., Ltd.

7164

Other Financing
Business

Full translation
Summary
information andfinancialstatements○ Quarterly

Securities and7148
Commodities Futures

Other
Summary
information andfinancialstatements

36.7○ Other

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Mebuki Financial Group, Inc.

7167 Banks

21.3

○

×

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Kawasaki Heavy Industries,Ltd.
IHI Corporation

Particulars and reference
documents

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

Appendix 5

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

Concordia Financial Group, Ltd.

ISUZU MOTORS LIMITEDTOYOTA MOTOR CORPORATIONHINO MOTORS,LTD.
AISIN SEIKI CO.,LTD.
Mazda Motor Corporation
HONDA MOTOR CO.,LTD.
SUZUKI MOTOR CORPORATIONSUBARU CORPORATION
Yamaha Motor Co.,Ltd.
KOITO MANUFACTURING CO.,LTD.
TOYODA GOSEI CO.,LTD.
SHIMANO INC.

TickerIndustry

7186 Banks
Transportation
Equipment
Transportation
7203
Equipment
Transportation
7205
Equipment
Transportation
7259
Equipment
Transportation
7261
Equipment
Transportation
7267
Equipment
Transportation
7269
Equipment
Transportation
7270
Equipment
Transportation
7272
Equipment
7276 Electric Appliances
Transportation
7282
Equipment
Transportation
7309
Equipment
7202

Transportation
Equipment

TS TECH CO.,LTD.

7313

Nojima Corporation

7419 Retail Trade

Foreign shareholders
(%)

Y/N

Scope

Resolutions

Map

Earnings briefing presentationmaterials

Financial results

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Y/N

Frequency

Scope (Year-end)

Scope (Quarterly)

Y/NFrequency(English)Frequency(Japanese)

30.5○ Other

×

○

○

○

○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements○ Quarterly

Quarterly

29.4○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

20.3○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

15.5

○

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

18.6

Particulars and reference
documents
Particulars and reference○
documents

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

35.6○ Full translation

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

37.5○ Full translation

×

×

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

34.6○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

30○ Full translation

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

26.5○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

29.2○ Full translation
Particulars and reference○
documents

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

41.3○ Full translation

×

○

×

×

○ Quarterly

Full translation

Full translation

×

24.9

○

×

×

×

×

○ Quarterly

Full translation

Full translation

Year-end○ and first
half

14.6

○ Particulars only

×

×

×

×

○ Quarterly

Full translation

Full translation

×

×

○

×

×

×

Particulars and reference
documents

×

×

×

×

○ Quarterly

Other

×

○

×

×

○ Quarterly

×

×

×

×

○ Quarterly

18.8

Particulars and reference
documents

RYOHIN KEIKAKU CO.,LTD.

7453 Retail Trade

50.5

Particulars and reference○
documents

DAIICHIKOSHO CO.,LTD.

7458 Wholesale Trade

28.4

○

MEDIPAL HOLDINGS CORPORATION

7459 Wholesale Trade

31.5

○

Pan Pacific International Holdings Corporation

7532 Retail Trade

65.6
6

Particulars and reference
documents
Particulars and reference○
documents

×

Other

×

Year-end
and first
half

Full translation

Full translation○ Quarterly

Quarterly

Other

Other

○ Quarterly

Quarterly

Year-end○ and firsthalf×Year-end
and first
half
Quarterly○ Quarterly

Quarterly○ Quarterly

Quarterly

WORKMAN CO.,LTD.

7564 Retail Trade

Japan Lifeline Co.,Ltd.

7575 Wholesale Trade

19.7○ Full translation

UNITED ARROWS LTD.

7606 Retail Trade

27.8

○

SUGI HOLDINGS Co.,LTD.

7649 Retail Trade

33.2

×

SHIMADZU CORPORATION

7701 Precision Instruments

30.8

○

V Technology Co.,Ltd.

7717 Precision Instruments

25.5

TOKYO SEIMITSU CO.,LTD.

7729 Precision Instruments

26.1

NIKON CORPORATION

7731 Precision Instruments

29

Olympus Corporation

7733 Precision Instruments

45

SCREEN Holdings Co., Ltd.

7735 Electric Appliances

18.2

HOYA CORPORATION

7741 Precision Instruments

63.5

ASAHI INTECC CO., LTD.

7747 Precision Instruments

38.2

CANON INC.
BANDAI NAMCO Holdings Inc.

7751 Electric Appliances
7832 Other Products

19.6
42.2

PILOT CORPORATION

7846 Other Products

12.5

TOMY COMPANY,LTD.

7867 Other Products

27.3○ Particulars only

Yamaha Corporation

7951 Other Products

22.8

○

×

○

○

○

○ Quarterly

Full translation

Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation

×

○

×

×

○ Quarterly

Other

Other

×
○

○
○

○
○

○
×

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation

Particulars and reference
documents

Particulars and reference
documents
Particulars and reference○
documents
Particulars and reference○
documents○ Full translation○ Full translation
Particulars and reference○
documents○ Full translation
Particulars and reference○
documents○ Full translation○ Full translation
Particulars and reference○
documents

Particulars and reference
documents○ Quarterly

Quarterly

7550 Retail Trade××○ Quarterly

ZENSHO HOLDINGS CO.,LTD.

5

×

Year-end
and first
halfYear-end
and first
half

Full translation

Full translation

Summary
information only
Summary
information andfinancialstatements

×

×

×

×

○

○

×

○ Quarterly

Summary
information only

×

○

×

×

○ Quarterly

Other

×

×

×

○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

×

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

○

×

×

○ Quarterly

Quarterly

○
×

○
○

○
×

○
○

○ Quarterly○ Quarterly○ Quarterly○ Quarterly

Quarterly
Quarterly

×

×

×

×

×

×

×

×

×

○ Quarterly

Full translation

Full translation

Year-end○ and firsthalfYear-end
and first
half

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

Year-end○ and first
halfFirst halfthrough○
year-end
only
Year-end○ and firsthalf○ Quarterly○ Quarterly

Year-end
and first
halfFirst halfthrough
year-end
only
Year-end
and first
half
Quarterly
Quarterly○ Quarterly
Year-end○ and firsthalf○ Quarterly○ Quarterly○ Quarterly

Quarterly
Year-end
and first
half
Quarterly
Quarterly
Quarterly

Full translation
Full translation

Full translation
Full translation

×

PIGEON CORPORATION

7956 Other Products

49.7

Particulars and reference○
documents

Nintendo Co.,Ltd.

7974 Other Products

49.1○ Full translation

NIFCO INC.

7988 Chemicals

44.3

○

ITOCHU Corporation
Marubeni Corporation
TOYOTA TSUSHO CORPORATION

8001 Wholesale Trade
8002 Wholesale Trade
8015 Wholesale Trade

35.9
31.2
20.4

○ Full translation○ Full translation○ Other

×

○

○

○

○ Quarterly

Other

Other

KANEMATSU CORPORATION

8020 Wholesale Trade

30.9○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

FamilyMart Co.,Ltd.
MITSUI & CO.,LTD.
Tokyo Electron Ltd.

8028 Retail Trade
8031 Wholesale Trade8035 Electric Appliances

9
29.3
32.6

○ Full translation○ Full translation○ Other

×
×
×

×
○
×

×
○
○

×
○
○

○ Quarterly○ Quarterly○ Quarterly

Hitachi High-Technologies Corporation

8036 Wholesale Trade

28.7○ Full translation

×

○

○

×

○ Quarterly

Full translation
Full translation
Full translation
Summary
information only

Full translation
Full translation
Full translation
Summary
information only

SUMITOMO CORPORATION (SUMITOMOSHOJI KAISHA,LTD.)

8053 Wholesale Trade

33.4○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation

26.9○ Other

×

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

31.4○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation

13.3

○

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly
Year-end○ and first
half

Quarterly
Year-end
and first
half

Mitsubishi Corporation

Information &Communication
8058 Wholesale Trade

IWATANI CORPORATION

8088 Wholesale Trade

Nihon Unisys,Ltd.

8056

Particulars and reference
documents

Particulars and reference
documents

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation○ Quarterly

Quarterly○ Quarterly

Quarterly

Appendix 6

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Foreign shareholders(%)

GOLDWIN INC.

8111 Textiles & Apparels

24.2

UNICHARM CORPORATION

8113 Chemicals

33.4

Y/N

Scope

Resolutions

Map

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

×Earnings briefing presentationmaterials

Financial results

Y/N

Frequency

Scope (Year-end)

Scope (Quarterly)

Frequency(English)

Y/N

Frequency(Japanese)××○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements

×

Quarterly

Full translation

Full translation○ Quarterly

Quarterly
Quarterly

SHIMAMURA Co.,Ltd.

8227 Retail Trade

24.1

MARUI GROUP CO.,LTD.

8252 Retail Trade

27.7

Particulars and reference
documents
Particulars and reference○
documents○ Other

AEON CO.,LTD.

8267 Retail Trade

11.9○ Other

IZUMI CO.,LTD.

8273 Retail Trade

14.1

×

×

×

○ Quarterly

Other

YAOKO CO., LTD.

8279 Retail Trade

10.2

×

×

×

○ Quarterly

Other

Other

K'S HOLDINGS CORPORATION

8282 Retail Trade

25.3

○

○ Quarterly

Quarterly

PALTAC CORPORATION

8283 Wholesale Trade

24.8

Full translation

Full translation○ Quarterly

Quarterly

Shinsei Bank,Limited

8303 Banks

55

Aozora Bank,Ltd.

8304 Banks

27.9

Quarterly
Quarterly

Mitsubishi UFJ Financial Group,Inc.

8306 Banks

33.8

Resona Holdings, Inc.

8308 Banks

37.4

Sumitomo Mitsui Trust Holdings,Inc.
Sumitomo Mitsui Financial Group,Inc.

8309 Banks
8316 Banks

40.3
42.6

The Chiba Bank,Ltd.

8331 Banks

20.4

Seven Bank,Ltd.
Mizuho Financial Group,Inc.

16
22.8

○ Full translation
Particulars and reference○
documents

MS&AD Insurance Group Holdings, Inc.

8410 Banks
8411 Banks
Other Financing
8424
Business
Other Financing
8439
Business
Securities and8473
Commodities Futures
Other Financing
8570
Business
Other Financing
8585
Business
Other Financing
8591
Business
Other Financing
8593
Business
Securities and8601
Commodities Futures
Securities and
8604
Commodities Futures
Securities and8628
Commodities Futures
8630 Insurance
Other Financing
8697
Business8725 InsuranceSony Financial Holdings Inc.

8729 Insurance

21.3

Dai-ichi Life Holdings,Inc.

8750 Insurance

41

Tokio Marine Holdings,Inc.
T&D Holdings, Inc.

8766 Insurance
8795 Insurance

Mitsui Fudosan Co.,Ltd.

8801 Real EstateFuyo General Lease Co.,Ltd.
Tokyo Century Corporation
SBI Holdings, Inc.
AEON Financial Service Co.,Ltd.
Orient Corporation
ORIX CORPORATION
Mitsubishi UFJ Lease & Finance Company
LimitedDaiwa Securities Group Inc.
Nomura Holdings, Inc.
MATSUI SECURITIES CO.,LTD.
Sompo Holdings, Inc.
Japan Exchange Group,Inc.

17.1

○

Particulars and reference
documents
Particulars and reference○
documents○ Full translation

×

×

×

×

○ Quarterly

×

－

×

×

×

○ Quarterly

×

×

×

×

×

○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Full translation
Summary
information andfinancialstatements○ Quarterly

Quarterly○ Quarterly

Quarterly×Year-end
and first
half

×

○

×

×

×

×

×

×

×

○ Quarterly

×

○

○

○

×

○ Full translation

○

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly○ Quarterly○ Full translation
Full translation except○
auditor's report○ Other○ Full translation
Particulars and reference○
documents○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×
×

○
○

○
○

○
×

○ Quarterly○ Quarterly

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly

Quarterly
Quarterly

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

11.5○ Particulars only

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

43.5○ Full translation

○

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

×

×

×

×

×

○ Quarterly

Quarterly×○ Quarterly○ Quarterly

Quarterly

26.9
2.7

Particulars and reference○
documents
Particulars and reference○
documents

47.8○ Full translation

×

×

○

Full translation

Full translation

20.4

Particulars and reference○
documents

×

○

×

×

×

24.9

○ Full translation

×

×

×

○

○ Quarterly

Quarterly○ Quarterly

Full translation

Full translation○ Quarterly

34.1○ Full translation

×

×

○

Quarterly○○ Quarterly

Full translation

Full translation○ Quarterly

××

Quarterly×○○ Quarterly

Other

Other

○ Quarterly

Quarterly
Quarterly

44.3

Particulars and reference
documents○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

44.4○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Full translation
Particulars and reference○
documents○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

37.5
38.8

○ Full translation○ Full translation

×

○
○

○
○

○ Quarterly○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly×○○

Quarterly○ Other

×

×

○

×

○ Quarterly

Full translation
Summary
information only
Summary
information only
Full translation○ Quarterly

47.9○ Quarterly

Quarterly○ Quarterly

Quarterly

Other○ Quarterly
Year-end○ and first
half

3.6

33

○

Mitsubishi Estate Company,Limited

8802 Real Estate

42.8○ Full translation

×

○

×

○

○ Quarterly

Tokyo Tatemono Co., Ltd.

8804 Real Estate

39.5○ Other

×

○

○

×

○ Quarterly

Full translation
Summary
information only
Summary
information only
Full translation

×

－

×

×

○ Quarterly

Other

×

×

×

Sumitomo Realty & Development Co.,Ltd.

8830 Real Estate

24.7

Particulars and reference○
documents

Starts Corporation Inc.

8850 Real Estate

14.3

×

Relo Group, Inc.

8876 Services

27.8

○

Particulars and reference
documents

×

×

×

×

○ Quarterly

Other

Other

AEON Mall Co.,Ltd.

8905 Real Estate

16.9

○

Particulars and reference
documents

Year-end○ and first
half

Quarterly
Year-end
and first
halfYear-end
and first
halfYear-end
and first
half

×

○

×

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

×

Year-end○ and firsthalf○ Quarterly

Year-end
and first
halfYear-end
and first
half

TOBU RAILWAY CO.,LTD.

9001 Land Transportation

18.9

Particulars and reference○
documents

Sotetsu Holdings,Inc.

9003 Land Transportation

8.6○

Particulars and reference
documents

×

○

×

×

×

18.8

Particulars and reference○
documents

×

×

×

×

○ Quarterly

×

×

×

×

×

Particulars and reference
documents

×

×

×

×

×

○

×

×

×

TOKYU CORPORATION

9005 Land Transportation

×

Full translation

Full translation

Odakyu Electric Railway Co.,Ltd.

9007 Land Transportation

12.5

Particulars and reference○
documents

Keio Corporation

9008 Land Transportation

13.5

○

Keisei Electric Railway Co.,Ltd.

9009 Land Transportation

22.6○ Other×

East Japan Railway Company

9020 Land Transportation

33.3○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

West Japan Railway Company

9021 Land Transportation

30.9○ Full translation

×

○

○

×

○ Quarterly

Other

Other

Central Japan Railway Company

9022 Land Transportation

21.6

○

SEIBU HOLDINGS INC.

9024 Land Transportation

20.7

Kintetsu Group Holdings Co., Ltd.

9041 Land Transportation

17○ Full translation
Particulars and reference○
documents

Particulars and reference
documents

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

×

×

×

○

○ Quarterly

Other

Other

×

○

×

×

○ Quarterly

Full translation

Full translation

×

○

×

×

×

○ Quarterly
Year-end○ and firsthalfYear-end○ and firsthalfYear-end○ and firsthalfYear-end○ and firsthalf○ Quarterly
Year-end○ and firsthalf○ Quarterly

Quarterly
Quarterly
Year-end
and first
halfYear-end
and first
halfYear-end
and first
half
Quarterly
Year-end
and first
half
Quarterly×

Appendix 7

English-language disclosure by JPX-Nikkei 400 constituents, 2019
Proxy statement

Company

TickerIndustry

Foreign shareholders
(%)

Y/N

Scope

Resolutions

Map

Earnings briefing presentationmaterials

Financial results

Instructions
Extraordinary
on theNotice of report (results ofexercise of resolutions exercise of voting
rights)voting rights

Y/N

Frequency

Scope (Year-end)

Scope (Quarterly)

Frequency(English)Frequency(Japanese)Year-end○ and firsthalfYear-end○ and firsthalfYear-end
and first
halfYear-end
and first
half

Y/N

Hankyu Hanshin Holdings,Inc.

9042 Land Transportation

20.2

○

Particulars and reference
documents

×

○

○

×

×

Keihan Holdings Co., Ltd.

9045 Land Transportation

15.9

○

Particulars and reference
documents

×

○

×

×

○ Quarterly

Other

Other

Nagoya Railroad Co., Ltd.

9048 Land Transportation

19.4

○

×

×

×

○ Quarterly

Other

Other

×

Quarterly

9062 Land Transportation

22.4

YAMATO HOLDINGS CO.,LTD.
SANKYU INC.

9064 Land Transportation
9065 Land Transportation

29.6
28.3

×
△

×
○

○
○
×

×
×
×

○ Quarterly○ Quarterly
×

Full translation
Full translation

Full translation
Full translation○ Quarterly○ Quarterly
×

Quarterly
Quarterly

Hitachi Transport System,Ltd.

9086 Land Transportation

15

Japan Airlines Co., Ltd.
ANA HOLDINGS INC.

9201 Air Transportation

24.9

Particulars and reference
documents○ Other○ Full translation
×Particulars and reference○
documents○ Full translation

×

NIPPON EXPRESS CO.,LTD.

9202 Air Transportation

9.1

Nippon Television Holdings,Inc.

9404

Information &Communication

NIPPON TELEGRAPH AND TELEPHONECORPORATION

9432

KDDI CORPORATIONHIKARI TSUSHIN,INC.
NTT DOCOMO,INC.

Information &Communication
Information &9433
Communication
Information &9435
Communication
Information &9437
Communication

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Full translation

×

○

○

×

○ Quarterly

Quarterly○ Other

○

○

○

×

○ Quarterly

Full translation
Summary
information andfinancialstatements○ Quarterly

18.2

Full translation
Summary
information andfinancialstatements○ Quarterly

Quarterly

26.6○ Full translation

○

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

28.7○ Full translation

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

23.1

×

×

×

×

○ Quarterly

Quarterly

14.9○ Full translation○○○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

××

CHUBU Electric Power Co., Inc.

9502 Electric Power and Gas

24.1

×

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

The Kansai Electric Power Company,
Incorporated

9503 Electric Power and Gas

23.2

×

×

×

○ Quarterly

Other

Other

○ Quarterly

Quarterly

Tohoku Electric Power Co., Inc.

9506 Electric Power and Gas

Summary
information andfinancialstatements○ Quarterly

Quarterly

Kyushu Electric Power Company,Incorporated

9508 Electric Power and Gas

18.9

×

Summary
information andfinancialstatements
Financialstatements only

Electric Power Development Co., Ltd.

9513 Electric Power and Gas

30.1○ Other×○TOKYO GAS CO., LTD.

9531 Electric Power and Gas

32.2○ Full translation

×○

OSAKA GAS CO., LTD.

9532 Electric Power and Gas

26.5○ Full translation

×

○

14.2

○

×

15.4

○ Full translation

43.5

AIN HOLDINGS INC.

Information &Communication
Information &9613
Communication
9627 Retail Trade

Kanamoto Co., Ltd.

9678 Services

SQUARE ENIX HOLDINGS CO., LTD.

9684

TOHO CO.,LTD
NTT DATA CORPORATIONCAPCOM CO.,LTD.

9602

Information &Communication
Information &9697
Communication

Japan Airport Terminal Co.,ltd.

9706 Real Estate

SCSK Corporation

9719

SECOM CO.,LTD.
MEITEC CORPORATION
KONAMI HOLDINGS CORPORATION

Information &Communication
9735 Services
9744 Services
Information &9766
Communication

23.7

×

×

×

○ Quarterly

××○ Quarterly

Full translation○ Quarterly

Quarterly○○○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○×○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○×○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

×

×

Year-end
only

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly○ Particulars only

×

×

×

×

○ Quarterly

Other

Full translation○ Quarterly

31.2○ Full translation

○

○

×

×

○ Quarterly

Full translation

Full translation

×

Quarterly
Year-end
and first
half

41.1

○ Other

×

×

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

36.8

○

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

16.3

×

×

×

○ Quarterly

Other

Full translation

Year-end○ and firsthalfYear-end
and first
half

19.2

○ Other

×

○

×

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

42.7
37.2

○ Full translation

×
×

○

×

○ Quarterly

Other

Full translation○ Quarterly

Quarterly○ Other××○○○ Quarterly

Other

Full translation○ Quarterly

Quarterly

29.7○ Full translation

×

○

○

×

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Summary
information andfinancialstatements

Summary
information andfinancialstatements○ Quarterly

Quarterly

×

×

○

×

○ Quarterly

Full translation

Full translation

Year-end
and first
half
Quarterly

Particulars and reference
documents

Particulars and reference
documents○

NIPPON STEEL & SUMIKIN BUSSAN
CORPORATION

9810 Wholesale Trade

9.5○ Full translation

Nitori Holdings Co.,Ltd.

9843 Retail Trade

34.6

○

MISUMI Group Inc.

9962 Wholesale Trade

60.2○ Other

FAST RETAILING CO.,LTD.

9983 Retail Trade
Information &9984
Communication

16.5○ Full translation

×

×

○

×

○ Quarterly

Full translation

Full translation

Year-end○ and firsthalf○ Quarterly

37.4○ Full translation

○

○

○

○

○ Quarterly

Full translation

Full translation○ Quarterly

Quarterly

9989 Retail Trade

37.9

○

×

×

×

×

×

×

Quarterly

SoftBank Group Corp.
SUNDRUG CO.,LTD.

Particulars and reference
documents

Particulars and reference
documents"Foreign shareholders (%)" as of January 2020. Most recent quarterly data used when data as of January 2020 not available.
"△" under "Map" (Convocation notice) indicates that although there is no map, there is a written description of the route from the nearest station, etc. "－" indicates that there is no map in either the Japanese or English version.
"〇" under "Instructions on the exercise of voting rights" indicates that instructions on the exercise of voting rights are translated as a separate page. "－" indicates that there is no such separate page in the Japanese version. "×" indicates that it is not translated, or is"〇" under "Notice of resolutions" includes companies that post this information on their website as a report on the general meeting of shareholders instead of as a notice of resolutions.
"Full translation" under "Scope" (Financial results) includes companies that omit the contents page.

www.ids-corp.co.jp© 2020 | IDS | International Disclosure Services Corporation

Appendix 8