Disclosure Policy

The Company believes it is important to obtain an appropriate evaluation on corporate value from the market through timely, appropriate and fair information disclosure.

The Company aims to ensure fair, timely and prompt information disclosure to its shareholders and investors. To disclose information, the Company complies with related laws and regulations (including the fair disclosure rules stipulated in Financial Instruments and Exchange Act) and the listing rules, etc. of the Tokyo Stock Exchange and, simultaneously, strives to distribute diverse IR information, such as on business management, in an effort to give people a broad understanding of its business activities.

Information subject to the timely disclosure rules is, following the rules, released on the Timely Disclosure Network provided by the Tokyo Stock Exchange (TDnet), while documents such as annual securities reports are disclosed on the Electronic Disclosure System provided by the Financial Services Agency (EDINET). Information disclosed on TDnet and EDINET will be promptly posted on the website of the Company. However, please understand in advance that in the case where information communicated is material information but it is deemed to be inappropriate to disclose it promptly, disclosure may be withheld for a certain period of time on condition that the parties involved in the transaction enter into an agreement that stipulates confidentiality and an obligation not to buy or sell shares, etc. of the Company.

In addition, the Company endeavors to disclose broadly any information considered important or useful for its shareholders and investors to understand the Company through methods such as posting it on its website.

Important information of the Company will be strictly kept as insider information until said information is disclosed on TDNet or EDINET. After said information is disclosed, it will be promptly posted on the website of the Company.

Some information disclosed by the Company may contain forward-looking statements. Such statements are based on its judgment as of the date of preparing the document. Since these projections and forecasts contain risks and uncertainties, the Company cannot guarantee that they will be achieved.

In order to ensure fairness to investors, the Company has designated a quiet period from the day following the last day of each quarter to the date of each financial results announcement. During this period, the Company will refrain from responding to or commenting on questions on its financial results or earnings forecasts. However, the Company will disclose information, as appropriate, following the timely disclosure rules, in the event that it finds during the quiet period that actual results may differ materially from earnings forecasts.

As a general rule, the Company will not comment on third parties’ evaluation, results forecasts or rumors about itself. However, this does not apply if the Company determines that these have or are likely to have a significant impact on capital markets, or if the Company is requested by a listed stock exchange or other institutions to provide an explanation or other necessary response.

In consideration of fair disclosure practices and maintaining a system for equitable information dissemination, as well as addressing inquiries from shareholders and investors, we kindly request that inquiries be submitted through the 'Inquiries' section on our website.

Information posted on the website of the Company is provided to promote an understanding of the Company, and is not intended as a solicitation for investment. Therefore, when making actual investments, you are requested to do so at your own discretion.