Disclosure policy

In full recognition that timely and appropriate disclosure of corporate information to shareholders, investors and all other stakeholders is a duty as a public company and that the fulfilment of such duty is imperative as a member playing a part to a sound securities market, the Company considers the enabling of prompt, accurate and fair disclosure of corporate information consistently from the perspective of shareholders and investors to be important.

The Company shall disclose information in accordance with the Financial Instruments and Exchange Act and the Tokyo Stock Exchange’s “Rules on Timely Disclosure of Corporate Information by Issuers of Listed Securities” (hereinafter, “Timely Disclosure Rules”). In addition, the policy is that, wherever possible, the Company shall make active and fair disclosure by an appropriate method even in the case of information not provided in the Timely Disclosure Rules if the information is deemed to facilitate investor understanding.

The Company shall disclose information provided in the Timely Disclosure Rules by disclosure via the Tokyo Stock Exchange’s “Timely Disclosure Network (TDnet)” and by also promptly posting on the Company’s website.

The plans, future outlook, strategies, etc. disclosed by the Company may contain forward-looking statements. These are based on judgments and assumptions made from information available at that point in time. As such, the underlying assumptions, uncertainties, etc. of the projections shall be explained thoroughly in efforts to ensure not to mislead the market.

The Company observes the period from the day following the end of a fiscal quarter or fiscal year to the earnings announcement date for that fiscal quarter or fiscal year as a quiet period that is scheduled to be a period during which the Company refrains from responding to questions or commenting on the financials in order to prevent leakage of financial information and ensure fairness.