We read Japanese statutory filings in the original and write down, in English, what they say. Every figure traces to a source; every source is linked; when we are wrong we say so at the top of the piece. Five places to begin:
- What the Rule Translates
The thesis, measured. What the Tokyo Stock Exchange’s English-disclosure rule covers, what it leaves out, and what companies actually translate.
- Every Listed Japanese Bank, Measured
Every listed Japanese bank — all 83, no sampling — from 50.46% foreign-held down to exactly zero.
- The Guarantee With No Number
Kioxia: 68.48% of the register is foreign, and the annual report exists in Japanese.
- One Row for 880,000 Items
SMC: 880,000 catalogue items, 700,000 customer accounts, 80 countries — and one row in the statutory table.
- The Ratio Is in the Other Document
SoftBank Group: the statutory filing defines the ratio; the voluntary deck is where the number lives.
Behind all of it sits one measurement: foreign ownership read from the XBRL of 3,167 annual securities reports, reconciliation-checked, and free to download. The full archive is at Fragments, newest first.