Disclosure Policy

Basic Policy

We disclose information in accordance with the Companies Act, Financial Instruments and Exchange Act, and other laws, as well as rules on the timely disclosure of company information stipulated in the Tokyo Stock Exchange's Securities Listing Regulations (hereafter "Timely Disclosure Rules"). When information related to determined facts, occurring facts and account settlement related matters that affect significant impact on investment decisions occurs, such information will be promptly disclosed following the standards outlined in the Timely Disclosure Rules. At the same time, we will actively disclose information that is deemed to be important or beneficial in order for investors to understand the Company, even when it is not subject to the Timely Disclosure Rules.

Disclosure Methods

Information subject to the Timely Disclosure Rules is promptly published on our corporate website following registration in the Timely Disclosure Network (TDnet) provided by Tokyo Stock Exchange Group, Inc. Information that is not subject to the Timely Disclosure Rules is also openly announced via various media including our corporate website.

Forward-looking Statements

Any non-historic fact disclosed in our earnings forecasts, strategies, policies and targets appears as a forward-looking statement. Such statements are made on the grounds of a plan, expectation or decision made based on the information obtained at the time and certain assumptions deemed logical, while actual earnings results and other disclosed future information may vary greatly due to various risks and uncertainties.

Quiet Period

We stipulates a quiet period of a certain length prior to earnings announcements to prevent information leaks and to maintain disclosure fairness. During this period, we refrains from answering inquiries about business performance and related matters.
However, if a large discrepancy from the earnings forecast is found in the quiet period, information will be appropriately disclosed following the Timely Disclosure Rules.