Corporate Disclosure Policy

We strives to provide timely information to shareholders and investors based on the principles of transparency, fairness and consistency . The Company offers accurate and speedy disclosure of information as defined by the Tokyo Stock Exchange's "The Rule Regarding the Timely Disclosure of Company Information of the Issuer of Listed Stocks" (enacted on September 1, 1999), 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.

We has appointed one director responsible for IR, set up a department to handle IR-related affairs, and deployed a team of IR managers. The managers work closely with the Corporate Planning, Accounting, General Affairs, and Legal divisions, sharing information and promoting proactive and constructive dialogue with shareholders and investors. Our IR managers regularly report—to both the president and directors responsible for IR—any data and opinions they receive from investors and shareholders.

Information directly covered by the Timely Disclosure Rules will be immediately disclosed through the TDnet*. Other critical information not covered under the Timely Disclosure Rules will also be disclosed through the TDnet at any time. All information will be posted to our corporate Website immediately following the disclosure.
* The TDnet Online Registration System operated by the Tokyo Stock Exchange

We will also provide timely disclosure of other information useful to understanding our company through our corporate Website.

In principle, meeting requests received from shareholders and investors are handled by our IR managers, who, when necessary, attend the meetings along with the director responsible for IR and our president. Aside from these meetings, We provides additional opportunities for dialogue at its financial results briefings and specifically themed small meetings.

We designates 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.

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.