Disclosure Policy

  1. 1. Criteria for Information Disclosure

    The company discloses information in accordance with the Companies Act, the Financial Instruments and Exchange Act, and other laws and regulations, as well as the rules on timely disclosure of corporate information set forth in the "Securities Listing Regulations" of the Tokyo Stock Exchange (the "Timely Disclosure Rules"). The Company also proactively discloses information that we deem important or useful for our stakeholders to understand the company, even if it does not fall under the Timely Disclosure Rules.

  2. 2. Methods of Information Disclosure

    In accordance with the "Rules on Timely Disclosure of Corporate Information by Issuer of Listed Securities" established by the Tokyo Stock Exchange (TSE), the company will, in principle, disclose information prescribed by laws and regulations through the "Timely Disclosure Network (TDnet)" operated by the TSE. The Company will then announce the information to the press without delay and follow other disclosure procedures stipulated by laws, regulations, and rules. Such information will be posted on the Company's website immediately after disclosure.

  3. 3. Restrictions on Information Disclosure

    In principle, the Company prohibits the disclosure of management-related information exclusively to specific third parties. In order to ensure fairness for the press, investors, and securities analysts, etc., and to avoid disclosing unpublished material information to specific persons, individual meetings will, in principle, refer only to limited information such as past historical facts and information that has already been announced.

  4. 4. Quiet Period

    In order to ensure fairness to stakeholders, the Company observes a quiet period from the day following the end of each quarter to the day of each earnings release. During the period, the Company shall refrain from answering questions or commenting on financial results and outlook. However, if during the quiet period, the Company expects a significant change from the outlook, it will make an announcement in accordance with the Timely Disclosure Rules. During the quiet period, the Company will continue to respond to questions within the scope of information that has already been made public.

  5. 5. Prevention of Insider Trading

    The Company has established internal rules to properly manage important information, prevent insider trading and promote awareness and understanding of these rules among all Group employees.

  6. 6. Dissemination of Information and Rumors by Third Parties

    The Company is not responsible for any forecasts or commentaries made by third parties regarding our group.
    In addition, as a rule, the Company does not comment on any inquiries about the spread of rumors. However, if the spread of rumors, etc., left unchecked, is deemed to have a significant impact on the Company, the Company will promptly identify the cause of the problem and take appropriate actions as necessary.

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