Disclosure basic policy

In disclosing information about the Company group to shareholders and investors, the Company strives to disclose information in a fair and equitable manner in accordance with relevant laws and regulations such as the Financial Instruments and Exchange Act and the timely disclosure rules of the stock exchanges on which it is listed.

Even if the information does not fall within the scope of information that is required to be disclosed, the Company will strive to disclose in a timely and proactive manner any information that the Company deems to contribute to investment decision-making.

Information disclosure methods

Information subject to the timely disclosure rules of each stock exchange is disclosed to all shareholders and investors through the Timely Disclosure network (TDnet) provided by the Tokyo Stock Exchange.

Information disclosed is also posted on the Company’s IR website. However, due to technical or other reasons, there may be cases where: there is a delay in posting the information; not all of the information disclosed by the Company is posted on the website; the information disclosed by the Company is expressed differently from that disclosed by other means.

Future outlook

Any earnings forecasts, plans, strategies or goals provided by the Company that are not historical facts are based on information available to the Company at the time of their preparation that the Company believes to be reasonable and involve risks and uncertainties.

Therefore, actual results may differ materially from these projections due to changes in the economic and business environment in which the Company operates.

Quiet period

In order to prevent the leakage of financial information (including quarterly financial results) and to ensure fairness, the Company observes a quiet period from the day following the last day of the fiscal year to the day of the announcement of financial results.

During this period, the Company will refrain from answering or commenting on questions or responding to interviews regarding financial results and earnings forecasts.

However, if the details of the financial results that become known during the quiet period deviate substantially from the previously announced earnings forecasts, and the range of fluctuation is clearly defined by the timely disclosure rules, etc., the Company will make an announcement as appropriate in accordance with the timely disclosure rules.