{
 "as_of": "2026-11-11",
 "cmr": "fr-cm-kg/XPAR/FR001400AJ45",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MICHELIN (Euronext Paris: FR001400AJ45) — research page\n\nAs of 2026-11-11 · fr-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MICHELIN, listed on Euronext Paris under ticker FR001400AJ45, with ISIN FR001400AJ45 and LEI 549300SOSI58J6VIW052. Its security type is Corporate, its segment is not on the record, its sector is NAF 77.40Z, and its jurisdiction is France (RCS-registered 5308). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 26 filings in the twelve months to 2026-11-11, across 15 filing days. The median gap between filing days is 7.0 days. The latest filing is dated 2026-11-05, 6 days before the record date, and is of type newswire_release. The record holds 25 newswire_release filings and 1 major_holder filing in the window. For Euronext Paris, the median is 15.0 filings, a median cadence gap of 8.5 days, and a median latency of 7 days, across 316 issuers. For sector NAF 77.40Z, no median is stated, as the record holds fewer than five issuers on this node.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, and the link is a source reference, not a read. The auditor's location is not on the record, and auditor changes are not on the record.\n\n## Events and halts\n\nThe record carries no listing, delisting, name change, domicile change or segment move lines, as the market's lifecycle type map is not yet in place. The issuer is listed, not halted.\n\n## Orderability\n\nThe outcome for client categories is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/fr/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 16 research houses: AlphaValue, Barclays, Berenberg, Citi, CIC, Deutsche Bank, Equita, BNP Paribas Exane, Intesa Sanpaolo, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley, Oddo BHF, Bernstein and UBS.\n\n## Open research\n\nNo openly published research notes are found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No years are sealed for the issuer, the market's earliest sealed date is not on the record, and the live record's start date is not on the record.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (identity.exchange)\n- https://recherche-entreprises.api.gouv.fr/search?q=855200887 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.fr-cm-kg.ai/events/XPAR/FR001400AJ45 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (the halt flag)\n- https://mcp.fr-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.michelin.com/en/investors/presentation-events/consensus (coverage)\n- https://mcp.fr-cm-kg.ai/record/XPAR/FR001400AJ45 (the record)\n",
 "market": "FR",
 "node": "fr-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the FR vintage is not sealed; the record is the live record as of 2026-11-11",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "FR",
    "reason": "Width 0 records the annual report link only (ORDER-016: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "FR",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "FR",
    "state": "not_on_record"
   },
   "changes": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "fr-cm-kg/XPAR/FR001400AJ45",
  "coverage": {
   "count": 16,
   "houses": [
    {
     "house": "AlphaValue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Citi",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "CIC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Equita",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "BNP Paribas Exane",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Intesa Sanpaolo",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Oddo BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "Bernstein",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    },
    {
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.michelin.com/en/investors/presentation-events/consensus",
     "result": "read: 16 of 31 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 316,
     "median_cadence_gap_days": 8.5,
     "median_filings": 15,
     "median_latency_days": 7,
     "name": "Euronext Paris"
    },
    "sector": {
     "issuers": 4,
     "name": "NAF 77.40Z",
     "note": "fewer than five issuers on this node: no median is stated"
    }
   },
   "by_type": {
    "major_holder": 1,
    "newswire_release": 25
   },
   "cadence_median_gap_days": 7,
   "filing_days": 15,
   "filings": 26,
   "latency_days": 6,
   "latest": [
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.globenewswire.com/news-release/2026/11/05/3396082/0/fr/michelin-d%C3%A9claration-des-transactions-sur-actions-propres-5-novembre-2026.html",
     "title": "Michelin : Déclaration des transactions sur actions propres",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-11-05",
     "source": "https://www.globenewswire.com/fr/news-release/2026/11/05/3396082/0/en/michelin-disclosure-of-trading-in-own-shares-november-5th-2026.html",
     "title": "Michelin: Disclosure of trading in own shares - November",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www.globenewswire.com/fr/news-release/2026/11/02/3393532/0/en/michelin-disclosure-of-trading-in-own-shares-november-2nd-2026.html",
     "title": "Michelin: Disclosure of trading in own shares - November",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www.globenewswire.com/news-release/2026/11/02/3393532/0/fr/michelin-d%C3%A9claration-des-transactions-sur-actions-propres-2-novembre-2026.html",
     "title": "Michelin : Déclaration des transactions sur actions propres",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-11-02",
     "source": "https://www.globenewswire.com/news-release/2026/11/02/3393532/0/en/michelin-disclosure-of-trading-in-own-shares-november-2nd-2026.html",
     "title": "Michelin: Disclosure of trading in own shares - November",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-11-05",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.fr-cm-kg.ai/events/XPAR/FR001400AJ45",
   "window": {
    "from": "2025-11-11",
    "to": "2026-11-11"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "Euronext Paris"
   },
   "isin": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "confirmed",
    "value": "FR001400AJ45"
   },
   "jurisdiction": {
    "read_by": "French State company search (recherche-entreprises.api.gouv.fr; INSEE / RNE register data) (nature juridique)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://recherche-entreprises.api.gouv.fr/search?q=855200887",
    "state": "sourced",
    "value": "France (RCS-registered 5308)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-12",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN FR001400AJ45)",
    "state": "sourced",
    "value": "549300SOSI58J6VIW052"
   },
   "name": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "MICHELIN"
   },
   "sector": {
    "read_by": "French State company search (recherche-entreprises.api.gouv.fr; INSEE / RNE register data) (activité principale, NAF)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://recherche-entreprises.api.gouv.fr/search?q=855200887",
    "state": "sourced",
    "value": "NAF 77.40Z"
   },
   "security_type": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "FR",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "ESMA FIRDS full equity file (EU instrument reference data per trading venue)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds (FIRDS full equity files 2026-09-05)",
    "state": "sourced",
    "value": "FR001400AJ45"
   },
   "website": {
    "market": "FR",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "FR",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "FR",
  "node": "fr-cm-kg",
  "numbers_hash": "sha256:70cdeedee6af85367a08c2b2dab53adfb3442d45f942d482df0b79aaefdbe8c5",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.fr-cm-kg.ai/book/aio.json",
    "door": "https://mcp.fr-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/fr/mifid-ii-product-governance/r1",
   "section": "fr.aio.v10"
  },
  "record": {
   "as_of": "2026-11-11",
   "url": "https://mcp.fr-cm-kg.ai/record/XPAR/FR001400AJ45",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-12",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:70cdeedee6af85367a08c2b2dab53adfb3442d45f942d482df0b79aaefdbe8c5",
 "path": "/fr/XPAR/FR001400AJ45",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MICHELIN, listed on Euronext Paris under ticker FR001400AJ45, with ISIN FR001400AJ45 and LEI 549300SOSI58J6VIW052. Its security type is Corporate, its segment is not on the record, its sector is NAF 77.40Z, and its jurisdiction is France (RCS-registered 5308). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 26 filings in the twelve months to 2026-11-11, across 15 filing days. The median gap between filing days is 7.0 days. The latest filing is dated 2026-11-05, 6 days before the record date, and is of type newswire_release. The record holds 25 newswire_release filings and 1 major_holder filing in the window. For Euronext Paris, the median is 15.0 filings, a median cadence gap of 8.5 days, and a median latency of 7 days, across 316 issuers. For sector NAF 77.40Z, no median is stated, as the record holds fewer than five issuers on this node.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, and the link is a source reference, not a read. The auditor's location is not on the record, and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record carries no listing, delisting, name change, domicile change or segment move lines, as the market's lifecycle type map is not yet in place. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome for client categories is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/fr/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 16 research houses: AlphaValue, Barclays, Berenberg, Citi, CIC, Deutsche Bank, Equita, BNP Paribas Exane, Intesa Sanpaolo, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley, Oddo BHF, Bernstein and UBS.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes are found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No years are sealed for the issuer, the market's earliest sealed date is not on the record, and the live record's start date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://registers.esma.europa.eu/publication/searchRegister?core=esma_registers_firds"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://recherche-entreprises.api.gouv.fr/search?q=855200887"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.fr-cm-kg.ai/events/XPAR/FR001400AJ45"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.fr-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.michelin.com/en/investors/presentation-events/consensus"
  },
  {
   "for": "the record",
   "source": "https://mcp.fr-cm-kg.ai/record/XPAR/FR001400AJ45"
  }
 ],
 "title": "MICHELIN (FR001400AJ45) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}