Corporate Disclosure Policy

We recognize the importance of timely, appropriate and fair disclosure of information to our shareholders and investors. Based on this recognition, the Company discloses information in accordance with the Financial Instruments and Exchange Law and other relevant laws and regulations, as well as the Tokyo Stock Exchange's “The Rule Regarding the Timely Disclosure of Company Information of the Issuer of Listed Stocks” (hereinafter referred to as “Timely Disclosure Rules”), as well as any critical information not covered under these rules. In addition, We actively discloses any information that is likely to assist investors in better understanding the Company.

Information subject to the Timely Disclosure Rules will be disclosed through the Tokyo Stock Exchange's Timely Disclosure Network (TDnet) and posted on the Company's website. In cases where disclosure is required by law, we will make the necessary disclosures in accordance with the provisions of the relevant laws and regulations. We will also provide timely disclosure of other information useful to understanding our company through our corporate Website.

We designate the period starting with the day after the end of the fiscal year to the date of the announcement of its financial results as a Quiet Period to prevent unauthorized disclosure of financial information and to ensure fairness. During this period, the Company will neither comment upon nor respond to queries concerning its financial results, and it appreciates shareholders' forbearance during this period.
However, should an apparent discrepancy between the financial results forecast attained during the Quiet Period and the announced financial results forecast exceed a reasonable difference as defined by the Timely Disclosure Rules, we will release a revised financial results forecast through the TDnet, press releases and our corporate Website.

We deems as material fact any corporate information designated as such under Japan’s Financial Instruments and Exchange Act (excluding data covered by insignificant criteria), or subject to disclosure requirements as stipulated by the Tokyo Stock Exchange Timely Disclosure Rules (decisions, incidents, information related to financial results, etc.).
We manages information designated as material fact in accordance with its Rules for the Management of Material Facts and consistently strives to prevent insider trading. In dialogue with shareholders and investors, we thoroughly manage information on material facts, etc., in accordance with the same rules.