IDS researched the scope of English translation of key disclosure documents by JPX-Nikkei Index 400 constituents as of September 2019, and compared the results to our findings in 2015 and 2017. We looked at five types of documents: proxy statements for AGMs, notices of resolutions, results of the exercise of voting rights (extraordinary reports), financial results (kessan tanshin), and presentation materials for earnings briefings. We broke down our findings for each type of document based on the proportion of foreign shareholders and the industry of the issuers, and also looked at the frequency of translation where appropriate. A table of the results of our research for all 400 constituents of the JPX-Nikkei Index is provided at the end of the report.

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