Disclosure Policy

1.Basic Policy

The IR activities of our company aim to gain fair assessment on the corporate value through imparting deeper understanding of the company among all stakeholders including both shareholders and investors. Therefore, we aim to appropriately disclose important information on the company in a fair and timely manner.

2.Disclosure

The company discloses information in accordance with relevant regulations such as the Company Act, Financial Instrument and Exchange Act and other policies enacted by Securities Exchanges including “Timely disclosure rules for issuers of listed negotiable securities or valuable instruments.”
We also disclose information not subject to these rules as fairly and proactively as possible, if such information is judged to be effective for understanding our company.

3.The method of disclosure

Any information subject to the disclosure requirements of “Timely disclosure rules for issuers of listed negotiable securities or valuable instruments” is disclosed by TDnet (Timely Disclosure network) based on the rules of timely disclosure, and materials are provided to the mass media (correspondents club).
As for information not subject to the disclosure requirements of “Timely disclosure rules for issuers of listed negotiable securities or valuable instruments,” we take careful steps to disclose any relevant information to all stakeholders accurately and impartially via appropriate media while bearing in mind the rules of timely disclosure.

4.Disclosure on our website

Our company aims to enhance information provision via the company website in order to send out information uniformly at appropriate times to as many stakeholders as possible. The information disclosed by TDnet is also published on the website immediately after being registered to TDnet.
As for information not subject to the disclosure requirements of “Timely disclosure rules for issuers of listed negotiable securities or valuable instruments,” we strive to publish such information on the website at appropriate times.
The information on our website is made available to gain deeper understanding of our company and is not intended to solicit any investment. Therefore, please do not solely rely on such information when making investment decisions.

5.Future outlook

The information disclosed by the company as well as that published on the website may contain descriptions of future outlook including projections of business performance. They are planned and projected by the company, based on the available information at that point in time and may be different from actual outcomes depending on changes in the business environment. Therefore, we do not commit or guarantee the realization of future outlook described in the information.

6.Silent period

The company does not have a specific silent period but we refrain from responding to, or making comments on, questions related to earnings and performance outlook, during the period starting from the closing date through to the announcement of financial statements.
However, if business outlook is likely to change to a great extent, we will implement timely disclosure in compliance with the disclosure requirements.